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David Ellison comments on major studio merger
Paramount CEO David Ellison defended the company's $110 billion merger with Warner Bros. Discovery, asserting it would not threaten market competition or newsroom independence. He emphasized that the combined entity would hold less than 20% of US television viewership, with commitments to produce significant content and support creative workers. Legal challenges from state attorneys general and industry groups have delayed the deal, with a trial scheduled for 2027.
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