Statement of the Department of Justice Antitrust Division on the Closing of Its Investigation of the Merger of Paramount Skydance and Warner Bros.

The Antitrust Division of the U.S. Department of Justice (“Division”) issued the following statement today in connection with the closing of the Division’s investigation into the proposed acquisition of Warner Bros. Discovery (“WBD” or “Warner Bros.”) by Paramount Skydance (“Paramount”), together (the “Parties”): The Division has completed its analysis of the proposed merger of Paramount…

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Paramount Sued By Subscribers Over Warner Bros., Skydance Deals

A lawsuit has been filed challenging Paramount‘s $110 billion megadeal for Warner Bros. Discovery, the opening legal salvo over a merger that will reshape Hollywood. Paramount subscribers, in a lawsuit filed on Thursday in California federal court, allege the acquisition will substantially reduce competition in streaming, news and theatrical distribution in violation of antitrust laws….

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What the Warner Bros deal could mean for streaming, cinemas and news

Rodney Benson, a media professor at New York University, called the deal “concerning”, would leave America’s largest media companies further concentrated in the hands of conservatives. Many of those owners, including the Ellison family, have separate, non news-related business interests that depend on government contracts or regulation and are therefore particularly vulnerable to pressure, he…

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Warner Bros. Discovery sues Midjourney for generating ‘countless’ copies of its characters

Warner Bros. Discovery is suing Midjourney over claims the AI startup “brazenly dispenses its intellectual property as if it were its own,” as reported earlier by The Hollywood Reporter. In the lawsuit, Warner Bros. Discovery alleges that Midjourney generated “countless” infringing images and videos of its copyrighted characters, including Superman, Bugs Bunny, Scooby-Doo, and more….

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