BREAKINGVIEWS-Paramount-WBD lawsuit heads for tragic ending

Paramount Skydance
Warner Bros Discovery

Paramount Skydance

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Warner Bros Discovery

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Jennifer Saba

NEW YORK, July 14 (Reuters Breakingviews) - A group of 12 states sued to block boss David Ellison’s $110 bln deal for the HBO owner. Wobbly finances and receding federal scrutiny really are problematic. The trouble, though, is that the case centers around theater and cable industries that are dying no matter what happens.

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CONTEXT NEWS

A group of 12 state attorneys general led by California sued to prevent Paramount from buying Warner Bros Discovery on July 13.

The states claim the proposed merger would result in consolidating a 27% share of both the market for wide-release theatrical films and the market for licensing basic cable channels.

The coalition filed an emergency motion asking the court to stop the merger.


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