Hollywood mega-merger on the brink as California demands Paramount sell off channels
- California Attorney General Rob Bonta is expected to require Paramount to sell select cable channels and ensure its film studio remains distinct from Warner Bros.
- Discovery before approving the proposed merger, according to a Wall Street Journal report published Sunday that cites sources familiar with the matter.
- Representatives from Paramount and California state officials are scheduled to meet on Monday to explore potential avenues to settle the state's pending antitrust lawsuit against the transaction.
Confirmed
- California Attorney General Rob Bonta is expected to require Paramount to sell select cable channels and ensure its film studio remains distinct from Warner Bros.
Unverified
- Discovery before approving the proposed merger, according to a Wall Street Journal report published Sunday that cites sources familiar with the matter.
- Representatives from Paramount and California state officials are scheduled to meet on Monday to explore potential avenues to settle the state's pending antitrust lawsuit against the transaction.
Sources: The Hill, The Independent