Not a Done Deal: How and Why 12 Blue States are Fighting the Paramount-Warner Bros. Merger

Twelve blue states filed suit on July thirteenth to block the one hundred eleven billion dollar merger between Paramount and Warner Bros., arguing the deal would create excessive concentration in theatrical and basic cable markets. The legal challenge hinges on a fundamental question: whether blockbuster films constitute a separate market or are interchangeable with other entertainment. As Variety reports, the answer may ultimately determine whether the deal goes forward.

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