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States Sue Over $81B Hollywood Merger | Albany News
Twelve states are suing to block the $81 billion Paramount-Warner Bros. Discovery merger, arguing it will crush competition, raise prices, and hurt jobs and content variety. California leads the charge, demanding a court halt until legal review is complete. Paramount counters that the merger will strengthen Hollywood’s fight against streaming giants, while Warner stays silent. Despite shareholder and Trump administration approval, the U.S. Justice Department backs the deal, saying it could boost competition. The merger, valued at nearly $111 billion, faces delays as legal battles loom — and…
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