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States Challenge $81B Hollywood Merger | Wilmington News
Twelve states are launching a fierce legal challenge against the $81 billion Paramount-Warner Bros. Discovery merger, warning it will crush Hollywood competition, shrink viewer choice, and drive up prices. Led by California’s AG Rob Bonta, the states argue the consolidation—uniting HBO Max, CNN, Harry Potter, CBS, and Paramount+—threatens theaters, cable, and programming diversity. Paramount counters that the deal will build a powerful rival to tech giants and boost jobs, dismissing state claims as misread antitrust law. With shareholder approval and some regulatory green lights already…
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