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12 State AGs Sue to Block $110B Paramount-Warner Bros. Discovery Merger

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A coalition of twelve state attorneys general filed a lawsuit Monday seeking to halt the proposed $110 billion merger between Paramount and Warner Bros. Discovery. The states argue the deal would illegally stifle competition, harm cable TV distributors, and drive up movie prices for consumers. The filing comes after the U.S. Department of Justice declined last month to challenge the merger, a decision that reportedly caught career DOJ staff off guard. The states involved span the country and include California, New York, Massachusetts, and nine others. The lawsuit represents a significant pushback against the consolidation of two of Hollywood's largest media companies.

Read the full story at The Verge

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