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Judge Halts $81B Hollywood Merger | Toronto News
A federal judge has slapped a two-week pause on the $81 billion Paramount-Warner Bros. Discovery merger, granting a temporary restraining order at the request of twelve states—including California—who argue the deal would crush Hollywood competition and hurt consumers. The states claim the merger would “extinguish competition,” combining two major studios, TV networks, and streaming libraries into one dominant force. Paramount plans to fight back, calling the merger a competitive boost and noting some regulatory approvals, but the court’s move is seen as a major win for the states, who want…
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