Paramount Skydance has agreed to pause its megamerger with Warner Bros. Discovery until five days after the antitrust cases are resolved, or until June 1, 2027, whichever comes first, the company said Friday. Paramount faces an antitrust lawsuit from 12 U.S. states and a legal challenge from the Writers Guild of America. This decision means
Update: This story was originally published on July 21 and was updated on July 24 following the news that Paramount agreed to delay closing its deal with WBD until the antitrust cases are decided. Paramount Skydance employees are debating whether the planned megamerger with Warner Bros. Discovery would put them on the chopping block or
Paramount Skydance isn’t waiting for its planned merger with Warner Bros. Discovery to bolster its flagship streaming service. Paramount streaming leaders have told employees that they are planning major updates to Paramount+ in the coming weeks. An internal presentation, unveiled during a streaming town hall this week and seen by Business Insider, shows “Highlighted Product
California Attorney General Rob Bonta says it’s not his job to protect Hollywood giants from the rise of Netflix and other streaming insurgents. This week, Bonta and 11 other attorneys general sued Paramount Skydance to stop its deal to buy Warner Bros. Discovery. Paramount says it needs the agreement to compete with the technology giants
