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entertainment1d ago
Paramount's Delrahim slams 'fear-mongering' and partisan politics clouding Warner Bros. deal
- Paramount Chief Legal Officer Makan Delrahim defended the $111‑billion Warner Bros. deal, saying regulators will focus on antitrust issues, not politics.
- Delrahim said the regulatory filings were already planned, with submissions to Europe, Canada, the U.K., and the U.S.
- Delrahim argued the merger would be pro‑competitive by increasing content output and creating jobs.
- Delrahim pushed back on fears about politics and ownership by the Ellison family, saying there is no antitrust basis to divest CNN.
- Delrahim said the midterms do not affect regulatory officials or outcomes in this deal.
- The interview highlighted broad concerns about job losses in Hollywood amid mergers.
- Paramount emphasized the potential benefits of cross‑exposure between CBS News and CNN post‑deal.
- Delrahim said if regulators see issues, remedies could include divestitures rather than blocking the deal outright.
- Paramount’s bid followed Netflix’s deal to buy Warner Bros., shaping the competitive landscape.
- Delrahim stated the deal would not be a repeat of Disney's Fox acquisition, citing different motivations and outcomes.
- Delrahim reiterated that the deal aims to enhance content creation and distribution power across theaters and streaming.
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