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Paramount Says Without WBD Merger, Neither Paramount+ nor HBO Max Could Catch Up to Netflix, Disney or Amazon
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Paramount Says Without WBD Merger, Neither Paramount+ nor HBO Max Could Catch Up to Netflix, Disney or Amazon

Variety·Todd Spangler·23 days ago
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Paramount Skydance is continuing to insist that the David Ellison-led company’s $111 billion takeover of Warner Bros. Discovery will bring “new competitive energy to the entertainment ecosystem,” in the words of its top lawyer — not reduce competition. On May 7, Paramount chief legal officer Makan Delrahim sent a letter to California Attorney General Rob Bonta, in which Delrahim “reiterate[d] our continued commitment and support to Californian movie theaters and audiences” coming “in response to certain misinformation about the marketplace expressed in recent public commentary.” The letter was reported earlier by Semafor. Paramount is lobbying the California AG about the alleged pro-competitive benefits of a combined Paramount-WBD as Bonta and other state attorneys general are reviewing the deal for potential antitrust issues.…

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