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A judge has paused the $110 billion proposed merger between Paramount and Warner Bros., issuing a hold after a coalition of states filed suit alleging the deal would harm movie theaters, basic cable distributors, and audiences.
The ruling places the transaction in legal suspension while litigation proceeds. States name three injured parties The lawsuit, brought by multiple states, targets the Paramount-Warner Bros.
combination on grounds that it would damage three groups. Movie theaters stand to lose if the deal closes, the states contend. Basic cable distributors face potential harm as well.
Audiences would be affected, according to the complaint. The states' legal action provided the basis for the judicial pause. The order stops the merger from completing while the courts consider the challenge.
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