The general mood on both sides of the Warner Bros. Discovery and Paramount Skydance aisles on Monday was shock and surprise over the sudden turn of events. And now that Paramount-WB merger has the all-clear signal, staffers are gearing up for what are expected to be multiple rounds of layoffs in the next few months.
Rob Bonta defended the antitrust settlement that allows Paramount to merge with Warner Bros. on Monday, saying in a 45-minute press conference that the deal includes independent monitoring and will result in more jobs in Hollywood. But the deal does not include the three words — robust structural remedies — that California’s attorney general had
When we last saw John Oliver behind the desk of “Last Week Tonight,” he was mocking Trump for sacrificing a number of members of his senior staff on a decoy plane amidst his peculiar catering truck escape in Turkey. On Sunday night, the funnyman returned to his Emmy-winning HBO series after a monthlong summer break
David Ellison’s Paramount Skydance is in “advanced talks” with California Attorney General Rob Bonta to settle the 12-state antitrust suit that’s holding up its takeover of Warner Bros. Discovery, the Wall Street Journal reported Friday, citing anonymous sources. A Paramount spokesperson declined to comment. A rep for Bonta’s office said, “Potential settlement talks are confidential.
Paramount has been threatening to leave California since July, when the state sued to block it from merging with Warner Bros. Discovery. Attorney General Rob Bonta has called it “blackmail” meant to stop him from enforcing antitrust law. But Los Angeles Mayor Karen Bass, for one, is taking the threat seriously and is trying to
Paramount’s lawyers filed a legal response to the states’ antitrust lawsuit against the Warner Bros. Discovery merger on Friday, sketching out arguments and defenses it may use at a trial next March. Among other defenses, Paramount’s lawyers said they may claim that the coalition of 12 states lacks the authority to regulate the merger, “which
