Paramount+ Subscribers Fail to Block Warner Bros. Merger as States Will Try Again Friday
A handful of Paramount+ subscribers failed to win an order blocking the merger with Warner Bros. “Moreover, I have some serious doubts about plaintiffs’...
Key points
- A handful of Paramount+ subscribers failed to win an order blocking the merger with Warner Bros.
- “Moreover, I have some serious doubts about plaintiffs’ standing to pursue these antitrust claims.” Popular on Variety Paramount will face a harder test on Friday, as a coalition of 12 attorneys general are seeking a temporary restraining order to pause the merger.
- The states filed their suit on Monday, alleging that the $111 billion merger will harm competition in the theatrical and basic cable markets.
- Earlier on Thursday, Paramount filed its opposition, arguing that the states are unlikely to prevail on their case and should not be granted a restraining order.
What happened
A handful of Paramount+ subscribers failed to win an order blocking the merger with Warner Bros. “Moreover, I have some serious doubts about plaintiffs’ standing to pursue these antitrust claims.” Popular on Variety Paramount will face a harder test on Friday, as a coalition of 12 attorneys general are seeking a temporary restraining order to pause the merger. The states filed their suit on Monday, alleging that the $111 billion merger will harm competition in the theatrical and basic cable markets. Earlier on Thursday, Paramount filed its opposition, arguing that the states are unlikely to prevail on their case and should not be granted a restraining order. “And when there is no evidence, then you cannot get a preliminary injunction.” Paramount has filed a motion to dismiss the suit, which Martinez-Olguin took under submission. We don’t have the tools of a government.” Alioto previously filed lawsuits on behalf of private parties who were trying to block the Microsoft-Activision merger, the Capitol One-Discover merger, the Nippon Steel-U.S.