Regal Cinemas CEO Eduardo Acuna released a statement on Wednesday evening in support of the looming Paramount-Warner Bros. merger. “This year has been an important one for our industry. Attendance is up, younger audiences are coming out in numbers we haven’t seen in years, and the upcoming release schedule looks just as strong,” Acuna wrote.
Privately, some top executives at Warner Bros. Discovery are supporting the 12 states that have sued to block Paramount Skydance’s acquisition of WBD to win in court and get the mega deal rejected. What is obvious, according to multiple sources, is that there is a sizable contingent at Warner Bros. of people who do not
David Ellison may have believed that Paramount Skydance could have closed its $111 billion acquisition of Warner Bros. Discovery by now. The deal was approved by the Justice Department in June (apparently over the objections of staff reviewing it). It has been officially cleared by the EU, and Paramount agreed to the relatively minor concession
Paramount agreed to a request from 12 states to tie its federal antitrust case to a pre-existing lawsuit filed by Paramount+ subscribers. The move means the states’ challenge to the $111 billion merger with Warner Bros. Discovery will likely end up before Judge Araceli Martínez-Olguín, a Biden appointee who is already overseeing the earlier lawsuit.
In a downtown Manhattan courtroom on Monday, lawyers for the US Justice Department and 40 state and district attorneys general warned a jury that the concert industry was being squeezed by a monopolist: Live Nation-Tickemaster. After amassing dominance over ticketing and artists’ use of large amphitheaters, lead DOJ counsel David Dahlquist alleged, Live Nation constructed