Paramount, Warner Bros. Delay Their Merger Until 2027
“Today’s agreement is great news for audiences, movie theaters, and the many people who write, build, and create the art, news, and entertainment so many of us enjoy. Television Studios, as well as streaming services such as Paramount+, HBO Max, and Discovery+, and cable networks such as BET, Comedy Central, MTV, and Nickelodeon.Paramount had already indicated it wouldn’t close the deal before July 22. Now, the deal is blocked for two weeks, with a hearing for the preliminary injunction set for Aug.
- ▪“Today’s agreement is great news for audiences, movie theaters, and the many people who write, build, and create the art, news, and entertainment so many of us enjoy.
- ▪Television Studios, as well as streaming services such as Paramount+, HBO Max, and Discovery+, and cable networks such as BET, Comedy Central, MTV, and Nickelodeon.Paramount had already indicated it wouldn’t close the deal before July 22.
- ▪Now, the deal is blocked for two weeks, with a hearing for the preliminary injunction set for Aug.
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UPDATE 7/25: Paramount and Warner Bros. have agreed to delay their merger until June 1, 2027, or five days after a court reaches a decision on the lawsuit, whichever is earlier.“Our argument against this illegal merger is straightforward: When too few corporations have too much power in markets central to American life, it makes things more expensive, and it makes things worse,” California Attorney General Rob Bonta said in a statement. “Today’s agreement is great news for audiences, movie theaters, and the many people who write, build, and create the art, news, and entertainment so many of us enjoy.
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