1 Day
Source:
Los Angeles Times
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Judge delays decision on Paramount antitrust deal
A federal judge has temporarily withheld approval of Paramount's settlement with 12 state attorneys general, which is necessary for its $111-billion merger with Warner Bros. Discovery to proceed. The judge requested more information before approving the proposed consent decree, which includes commitments to release films, invest in domestic production, and protect certain studios and channels. The settlement, announced after California's attorney general reached an agreement, aims to address competition and employment concerns while allowing the merger to move forward.
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