- A coalition of 12 state attorneys general, led by California's Rob Bonta, is suing to block the merger of Paramount Skydance and Warner Bros. Discovery (WBD).
- The lawsuit alleges the deal violates the Clayton Act by potentially lessening competition in wide release theatrical film distribution, top-grossing movie distribution, and basic cable licensing.
- The merger would combine major film studios and streaming platforms (Paramount+ and HBO Max) and create a large TV network portfolio, including CBS, MTV, CNN, and HBO.
- States claim the merged entity would control 27% of U.S. film distribution, 30% of blockbuster distribution, and 27% of the basic cable market, raising concerns about higher prices and reduced content diversity.