Paramount Skydance/Warner Brothers Discovery: States Increasingly Persuaded Merger Would Harm Competition in Blockbuster Movie Market

A group of state attorneys general reviewing Paramount Skydance’s (PSKY) proposed acquisition of Warner Bros. Discovery (WBD) is increasingly convinced that the $81 billion deal would harm industry workers, movie theater operators and streaming services by combining two of the country’s most reliable producers and distributors of blockbuster movies, sources familiar with the matter said