Paramount Skydance

Paramount Skydance Corp.'s $110 billion takeover of Warner Bros. Discovery Inc. has received approval from the UK’s antitrust watchdog. Regulators determined that the proposed deal does not raise any competition concerns in Britain.

Paramount Skydance raised its adjusted EBITDA guidance to $3.8 billion–$3.9 billion, citing savings from the Skydance merger and streaming gains that offset a decline in cable TV revenue.

Paramount Skydance CEO David Ellison claims politics are driving the merger battle involving Warner Bros. He made these remarks during a speaking engagement at the Bloomberg Screentime conference in Los Angeles.

Paramount Skydance may owe over $1 billion to WBD shareholders due to a federal judge setting the trial date for its merger on March 2. The company agreed to pay $7 million daily in ticking fees starting September 30, with a potential $7 billion termination fee if the merger fails.

Paramount Skydance reported second-quarter earnings and raised full-year profit guidance. The company stated it remains confident in its proposed merger with Warner Bros. Discovery.

Paramount Skydance CEO David Ellison attended President Donald Trump's State of the Union address and sought DOJ approval for his Warner Bros. Discovery (WBD) deal. Now facing a lawsuit from 12 Democratic states, Ellison published an op-ed distancing himself from partisan politics and defending the merger as necessary to compete with tech giants like Netflix and Amazon.

Paramount Skydance delayed its Warner Bros. Discovery acquisition to June 2027 amid a legal challenge from 12 state attorneys general. The delay risks worsening challenges like financing costs and shifting market dynamics, with historical parallels to AT&T's delayed Time Warner acquisition allowing competitors like Disney to gain streaming advantages.

Disney and Paramount Skydance are exploring free tiers for their paid streaming services to compete with free platforms like YouTube and Tubi. Netflix co-CEO Greg Peters mentioned the company is considering free offerings in some markets. Analysts note the potential benefits and risks of free tiers, including audience growth and subscription revenue cannibalization.

Paramount Skydance agreed to acquire Warner Bros. Discovery for $110 billion, but the deal faces legal challenges from a coalition of state attorneys general led by California’s Rob Bonta, who argue it would create antitrust concerns and reduce competition in media. Paramount has delayed the merger until after a trial verdict or June 2027, with conflicting demands over the trial date.

Benedict Cumberbatch, Alan Cumming, and Benedict Wong urged the UK to oppose the Paramount Skydance and Warner Bros. Discovery merger, warning of threats to industry competition, jobs, and power concentration. The actors cited concerns about reduced independent film acquisitions and the impact of consolidation on creative output.

Paramount Skydance agreed to delay its $110 billion merger with Warner Bros. Discovery until June 2027 or after a trial, despite a lawsuit from 12 states alleging anticompetitive practices. The delay involves a 'ticking fee' of $7 million daily, which Paramount's financial backers, including CEO David Ellison and his father Larry Ellison, are positioned to absorb due to the deal's scale.

Paramount Skydance has delayed its merger with Warner Brothers until June 2027, contingent on a federal judge ruling on a lawsuit filed by a dozen Democratic state attorneys general. The company faces daily penalties after a September 30 deadline, risking millions in costs if the deal is further postponed.

Paramount Skydance has agreed to pause its merger with Warner Bros. Discovery while antitrust cases from 12 US states and the Writers Guild of America are resolved, likely leading to a court battle. The merger freeze will last until five days after the cases are ruled or June 1, 2027, whichever comes first, with both companies' stock prices declining following the announcement.

Paramount Skydance and Warner Bros. have agreed to halt their merger until next June. The article mentions Warner Bros. Studios in Burbank, Calif., and Paramount Pictures lot in Los Angeles as key locations.

Paramount+ is planning upgrades including micro dramas, free content access, and vertical podcast clips to boost engagement. These initiatives align with CEO David Ellison's strategy to enhance Paramount's streaming tech amid a paused merger with Warner Bros. Discovery.

Paramount Skydance CEO David Ellison's $110 billion merger with Warner Bros. Discovery is paused due to a lawsuit from 12 states, causing uncertainty among employees about job security and financial implications. Employees express concerns over potential layoffs or the company's financial health if the deal fails, while Warner Bros. Discovery employees highlight potential financial benefits from stock grants.

A federal judge in California ordered Paramount Skydance and Warner Bros Discovery to temporarily pause their $110 billion merger while a case challenging the deal proceeds. The companies cannot close the transaction for 14 days until a hearing on August 3 to assess a preliminary injunction.

A federal judge issued an emergency temporary restraining order to halt the $110 billion merger between Paramount Skydance and Warner Brothers Discovery. The pause is in response to an antitrust lawsuit filed by New York Attorney General Letitia James and 11 other states.

A judge ordered a temporary pause on Paramount Skydance's acquisition of Warner Bros. Discovery (WBD) after California and 11 other states sued to block the merger. The court will decide next whether to issue a preliminary injunction, which could further delay the deal.

Paramount Skydance has won the battle to acquire Warner Bros. Discovery but continues to face competition from Netflix. The article highlights an ongoing rivalry between Paramount Skydance and Netflix.

President Trump threatened to revoke the broadcast licenses of ABC and NBC after they did not preempt programming to live-stream his speech on election integrity. The FCC has launched probes into broadcasters for potential violations of public interest standards, while CBS and Fox aired portions or the full speech live. Networks avoided live coverage of claims about foreign interference in the 2020 election, citing caution after Fox's defamation settlement over election-related falsehoods.

Tennessee is attempting to attract Paramount Skydance as California seeks to block the Warner Bros. Discovery merger. The situation involves competing state efforts to influence the outcome of a major corporate merger.

California AG Rob Bonta is suing Paramount Skydance to block its acquisition of Warner Bros. Discovery, arguing the merger would increase market concentration in film distribution and cable TV. Bonta dismisses Paramount's claim that the deal is necessary to compete with streaming services like Netflix, calling it a distraction.

Twelve states, led by California and including Oregon, sued to block Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery, arguing it would violate the Clayton Act by reducing competition in the film and television industry. The states claim the merger would lead to higher prices and fewer opportunities for diverse storytelling.

12 states sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, challenging the $110 billion merger. The deal would combine two major media companies, with Paramount Skydance being the parent company of CBS News. The lawsuit was reported by CBS News' Jo Ling Kent.

Twelve states, including Arizona, filed a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, arguing the merger violates the Clayton Act by reducing competition in the media industry. The states claim the merger would lead to higher prices and fewer opportunities for diverse content.

The attorneys general of 12 states sued to block Paramount Skydance’s acquisition of Warner Bros. Discovery, citing reduced competition. President Trump announced a naval blockade of Iran’s Strait of Hormuz with a 20% cargo fee. Volkswagen CEO Oliver Blume warned of potential job cuts and restructuring due to market challenges.

Twelve state attorneys general sued Paramount Skydance to block its acquisition of Warner Bros. Discovery, alleging the merger would harm competition and consumers by consolidating power in theatrical distribution and cable channels. Paramount already secured regulatory approval from the Department of Justice, but the lawsuit argues the deal would reduce content diversity and increase prices.

Multiple state attorneys general are expected to file a lawsuit challenging the merger between Paramount Skydance and Warner Bros. Discovery. The lawsuit aims to block the merger, according to David Faber's report.

Warner Bros. Discovery's lawyers briefed executives on the risk of an antitrust lawsuit filed by left-leaning state attorneys general to block the merger with Paramount Skydance. The lawsuit aims to upend the sale to Paramount Skydance.

Banks are receiving bids on $49 billion in Paramount debt ahead of its sale. Paramount Skydance Corp. and Netflix Inc. are preparing for a prolonged bidding war over Warner Bros. Discovery Inc., expected to continue into 2026.

Paramount Skydance CEO David Ellison is restructuring the company's ad product and tech teams to create a unified organization, as outlined in a late-June memo from EVP Hugh Williams. The changes aim to modernize Paramount and align with digital transformation goals, including merging streaming platforms and developing interactive features.

CNN journalist Paula Reid is leaving the network for MS NOW due to concerns over Paramount Skydance's acquisition of CNN and potential leadership changes under Paramount CEO David Ellison. Reid's decision follows reports that Bari Weiss, editor-in-chief of CBS News, may lead CNN, with other CNN journalists expressing fears about the merger's impact.

The UK government may challenge Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery. French inflation decreased to 1.8% in June, and Spain's undocumented population is applying for legal status as part of an economic strategy.

The UK may intervene in Paramount Skydance’s proposed $110 billion takeover of Warner Bros Discovery, potentially referring it to the UK’s antitrust regulator. This follows the UK’s 2023 decision to block Microsoft’s $69 billion acquisition of Activision Blizzard, which was later reversed after Microsoft amended its terms.

Netflix may pursue NBCUniversal after losing the bid for Warner Brothers Discovery, as NBCUniversal's higher revenue, theme parks, and sports rights make it a more synergistic acquisition. The potential deal could align with Netflix's expansion beyond streaming and leverage NBCUniversal's strong assets.

Paramount Skydance anticipates a joint lawsuit from New York and California to block its $81B merger with Warner Bros. Discovery. California is expected to lead the lawsuit due to its role as Hollywood's headquarters.

Amy Goodman, host of 'Democracy Now!', has spent 30 years reporting on underreported global issues. A new documentary, 'Steal This Story, Please!', chronicles her career and the growth of her news program. The U.S. Department of Justice recently closed an antitrust investigation into a $110 billion merger between Paramount Skydance and Warner Bros. Discovery.

Sean Penn will direct an untitled Warner Bros. film about a police officer at the Jan. 6 Capitol riot, based on a real person. Bradley Cooper is in talks to star, with production expected to begin in mid-2027. The film follows Penn's Oscar-winning role in 'One Battle After Another' and references his attendance at the 2022 House Select Committee hearings.

Paramount Skydance rejected an ad from the Freedom of the Press Foundation that criticized its leadership and merger with Warner Bros Discovery, citing a 'conflict of interest.' The ad targeted David Ellison and his father Larry Ellison.