A judge has temporarily blocked the proposed Paramount–Warner Bros. merger.
• A coalition of states argues the deal violates federal antitrust law and could lead to higher prices and fewer movies and TV shows.
• If the merger isn’t completed by Sept. 30, Paramount will begin owing Warner Bros. investors millions of dollars per day.
(via Variety)
A Paramount shareholder is suing the Ellisons to stop the merger
• The fourth lawsuit filed over the deal
• Claims they struck an illegal deal with Donald Trump to secure the merger
• Trump is allegedly getting $20M in free advertising, in addition to a previous $16M settlement
• Says news outlets they own are hemorrhaging viewers because of their actions
(via @THR)
A coalition of 12 states have filed a lawsuit to block the Warner Bros/Paramount merger.
The coalition includes Arizona, California, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington.