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A full relocation of Paramount's California operations could result in the permanent loss of between 28,990 and 57,980 full-time jobs statewide.
Paramount has pushed for a settlement in the case, which is the last hurdle to the deal along with a parallel lawsuit by the Writer's Guild of America.
An antitrust challenge by a group of state attorneys general has left Paramount CEO David Ellison hunting for avenues to get his deal for Warner Bros. Discovery done.
California AG Rob Bonta pulled the plug late Sunday after accusing Paramount of leaking and mischaracterizing details from a preliminary meeting.
Although Bonta's statement didn't specify what leaks he was talking about, the Wall Street Journal reported on Sunday night that Bonta was expected to ask Paramount to divest some cable networks and m
Paramount and California officials are expected to hold talks as a 12-state antitrust lawsuit keeps the $110B Warner Bros. Discovery transaction on hold.
Paramount accused actor Mark Ruffalo of using "antisemitic tropes" in a social media rant against the company's $110B Warner Bros merger.
As an antitrust battle threatens his Hollywood empire, Paramount boss David Ellison is eyeing a new base in Austin, Texas, The Post has learned.
Cinemark on Tuesday became the latest major theater operator to toss its hat in the ring, after AMC Theatres and Regal Cinemas previously backed the $110 billion Paramount-Warner Bros. Discovery merge
Paramount wants to require the posting of the bond so they can recover losses if a court approves the merger and said the states have “ample resources to post” even a large bond.
“While we remain confident that the law and the facts are on our side, we have offered commitments and concessions and remain open to working constructively with the State AGs to find a path forward i
Warner Bros. Discovery reported strong revenue growth with HBO Max in its second-quarter earnings Thursday.
Paramount Skydance CEO David Ellison on Tuesday argued an antitrust lawsuit seeking to end his firm's takeover of Warner Bros. Discovery is because of his politics and pending ownership of CNN, after
In an alternate timeline, Paramount would be reporting quarterly earnings this week as Warner Bros. Discovery, one of its subsidiaries, would no longer be releasing its own separate financials. As it
"Let me be clear: we remain highly confident that this transaction does not pose any legal issues, and we will complete it and bring these two companies together," Ellison said.
On Friday, Paramount announced it had agreed to halt its merger with Warner Bros. Discovery until June 7th at the latest while a judge considers a lawsuit from state attorneys general who sued to bloc
After Friday's delay in the Paramount-WBD antitrust lawsuit, shares of both media companies slid in after-hours trading, foes of the merger exulted and observers tried to process the latest twist in t
Over $1.9 billion. If the deal is dragged on until June 2027, that is how much Paramount will have to fork over in ticking fees to Warner Bros.
“Today's agreement is a significant win because the result is exactly what we have sought from the outset: a direct path to a trial based on the evidence,” a Paramount spokesperson told multiple outle
The delay could cost Paramount Skydance around $7 million a day in fees it agreed to pay Warner Bros. shareholders if the merger does not close by Sept.