12 States Sue to Block $111 Billion Paramount–Warner Bros. Merger

California and 11 other states sued to block the Paramount–Warner Bros. merger. Source: NBC4 (NBC Los Angeles) broadcast

A coalition of 12 state attorneys general sued on July 13 in California federal court to block Paramount Skydance’s roughly $111 billion acquisition of Warner Bros. Discovery, arguing that the deal would hand four studios control of more than 85 percent of wide-release theatrical films and tighten a few players’ grip on basic cable licensing. The challenge, brought entirely by Democratic attorneys general, seeks to unwind a transaction the U.S. Department of Justice cleared last month without conditions.