L.A. Mayor Karen Bass Throws Her Support Behind Paramount-Warner Bros. Discovery Settlement

The mayor previously stated that she opposed the $111 billion merger deal unless jobs were preserved in the transaction.

The Writers Guild of America fired back at Los Angeles Mayor Karen Bass on Thursday after she expressed support for a settlement in the Paramount-Warner Bros. Discovery merger lawsuit. Bass joined other state and local Democratic officials, including Gov. Gavin Newsom, in expressing support for a settlement of the anti

Los Angeles Mayor Karen Bass urged California attorney general Rob Bonta and Paramount to resolve their differences and “urgently” find a resolution to the 12-state antitrust lawsuit that is blocking Paramount’s takeover of Warner Bros. Discovery. Bass said at a press conference Thursday, “While there are varying persp

Over 10,000 jobs may be on the chopping block as a proposed mega-merger between Paramount and Warner Bros. threatens to trigger a massive economic chaos.

If Paramount acquires Warner Bros. Discovery it will still mean a loss of thousands of jobs in Hollywood over the next three years.

There's an argument to be made that people wouldn't be all that interested in Coyote vs. Acme if it weren't for the way David Zaslav tried to kill it. By trying to shelve the project, Warner Bros. Discovery only drew attention to its habit of disappearing nearly completed movies in order to cash in on tax write-offs.

The company says every month of court-ordered delay costs it roughly $7 million a day in ticking fees owed to Warner Bros. Discovery shareholders

Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger  CNN

Paramount’s $111 billion deal to acquire Warner Bros. Discovery has been postponed until the conclusion of a trial, scheduled for March.

The odds are higher than they were before 12 states sued to block the merger, but lower than after Paramount delayed the acquisition in late July.

The Paramount-Warner Bros Discovery merger will face “sufficient competition” in the UK to prevent the combined Hollywood giant from gaining too much market power, the competition watchdog has said. In a full decision published on Monday, the Competition and Markets Authority (CMA) laid out why it cleared the £111bn ti