24 Hrs
Source:
Los Angeles Times
Opposition rises to Paramount-Warner Bros. settlement
Critics urge California Attorney General Bonta to resist settlement pressure in the antitrust case against Paramount's proposed $111-billion acquisition of Warner Bros. Discovery. While progress has been reported in negotiations, some states and industry opponents believe the deal would concentration too much power in the entertainment industry, especially over assets like CNN. Paramount warns it may relocate its Hollywood operations if the merger is delayed, but experts dismiss this threat as unfeasible, emphasizing the potential impact on California’s entertainment industry and jobs.
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