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States Sue to Block Paramount-Skydance Merger | Venice Beach News
A dozen states are launching legal action to block the $110 billion Paramount-Skydance merger, arguing it will crush competition, slash Hollywood jobs, and drive up prices for consumers. Despite Justice Department approval in June, states like California, New York, and Massachusetts claim the deal violates the 1914 Clayton Act. They demand a pause until courts decide—threatening a restraining order if ignored. Paramount counters that the merger will boost creativity and opportunities, citing global regulatory greenlights. Hollywood insiders also oppose the deal, warning of fewer projects and…
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