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[BUSINESS] · United States · 38 sources

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Paramount and California AG to meet over Warner Bros. Discovery merger lawsuit

Paramount Skydance and the California Attorney General’s office are scheduled to meet on Monday to discuss a potential settlement regarding an antitrust lawsuit. The lawsuit, filed by a coalition of 12 state attorneys general, seeks to block the proposed $110 billion merger between Paramount and Warner Bros. Discovery.

California Attorney General Rob Bonta has stated that any settlement must include “robust structural remedies” to address competition concerns in the film and cable markets. While Paramount CEO David Ellison is pushing for an expedited resolution to avoid significant daily delay fees, Bonta has emphasized that the company must address the core antitrust allegations rather than focusing on unrelated sectors like streaming or CNN.

Various stakeholders, including California Governor Gavin Newsom and Los Angeles Mayor Karen Bass, have expressed support for a negotiated settlement to reduce industry uncertainty. Mayor Bass noted that the legal dispute has already caused production standstills in Los Angeles, impacting local jobs. Conversely, the Writers Guild of America has criticized the push for a settlement, arguing it could lead to significant job losses. If a settlement is not reached, a trial is currently scheduled for March 2027.

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California · David Ellison · Karen Bass · Paramount · Paramount Skydance · Rob Bonta · Warner Bros. Discovery

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