Media & Journalism
California leads 12-state lawsuit to block Paramount Warner Brothers merger
No Lie with Brian Tyler Cohen
Trump slammed with MAJOR LAWSUIT, plans put at RISK
"Today, we filed a lawsuit in federal court in the Northern District of California. We being California and 11 other state attorneys general from throughout the country seeking to block the merger of Paramount and Warner Brothers based on the fact that it violates antitrust law, anti-monopoly law, specifically the Clayton Act section 7 which prevents mergers that substantially lessen competition."
California Attorney General Rob Bonta announced a federal lawsuit filed by 12 states to block the Paramount-Warner Brothers merger, arguing it violates the Clayton Act by substantially lessening competition in theatrical film distribution and cable channel licensing markets. The merged company would control both CNN and CBS, creating what Bonta calls an "entertainment behemoth" with concentrated market power. Bonta stated they will seek a temporary restraining order if the companies do not voluntarily halt the merger during litigation.
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No Lie with Brian Tyler Cohen