How Strong Is the Democratic State AGs’ Lawsuit Aiming to Block Paramount’s Warner Bros. Takeover?

A group of 12 Democratic state attorneys general is suing to block Paramount Skydance’s merger with Warner Bros. Discovery — arguing the transaction violates antitrust law by giving the combined company undue power in three markets: wide-release theatrical distribution, tentpole movies and basic cable TV. Paramount says the suit “distorts settled antitrust law” and that the…