#1 out of 3
business1d ago
Paramount Wants Lawsuit Seeking to Block Warner Bros. Deal Tossed: ‘Clumsy Attempt to Politicize Antitrust Litigation’
- Paramount asks the court to dismiss the antitrust lawsuit seeking to block the Paramount-WBD deal, saying plaintiffs have no factual support.
- The company argues the merger would revitalize Hollywood by boosting competition, investment, and content for consumers.
- Paramount characterizes the lawsuit as a political attempt to politicize antitrust law, stating it has no place in the courthouse.
- Paramount notes the suit seeks to block the Paramount-WBD deal and force a break-up of Skydance’s merger with Paramount.
- A hearing in the case is scheduled for July 16 as Paramount defends the deal against antitrust claims.
- The filing cites Paramount’s view that the merger will enable Paramount-WBD to compete with Netflix, Amazon, and Disney+.
- Paramount asserts the merger would increase competition and consumer options, countering opponents' claims.
- Paramount’s response frames the lawsuit as politically motivated but not grounded in antitrust law.
- The case involves five plaintiffs alleging higher prices and fewer viewing options due to the Warner Bros. transaction.
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