12 Hrs
Source:
Los Angeles Times
Paramount and states reject Booker's merger review call
Paramount and Warner Bros. Discovery, supported by 12 state attorneys general, defended their antitrust settlement to permit their merger, despite criticism from Senator Cory Booker who called for a more thorough public-interest review. The proposed agreement, which includes requirements for film releases, penalties for shortfalls, and oversight measures, aims to resolve legal challenges and move the merger forward. A U.S. District Judge has yet to rule on the settlement, with Paramount expecting the merger to close in early October.
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