Paramount Skydance agreed to freeze its merger with rival Hollywood studio Warner Bros. Discovery until next June while a federal judge weighs an antitrust lawsuit from a coalition of state attorneys general who sued to block the $110 billion transaction.
Subscribe to read this story ad-free
Get unlimited access to ad-free articles and exclusive content.
In an 11-page court filing Friday, Paramount said it had agreed to hold off on combining with Warner Bros. until June 1, 2027, unless a federal judge issues a ruling on the suit filed by a dozen Democratic state attorneys general.
The agreement lengthens a temporary pause ordered this week by Araceli Martínez-Olguín of the the Northern District of California.
The combination of the two companies would create a modern media colossus. It would unite two historic film studios (Paramount Pictures and Warner Bros. Pictures), two popular streaming platforms (Paramount+ and HBO Max) and two leading news organizations (CBS News and CNN).
This is a developing story. Please check back for updates.
Leave a Reply