Post by POLITICO
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BREAKING: A coalition of 12 state attorneys general, led by California's AG, is filing a lawsuit in federal court to block Paramount Skydance’s purchase of Warner Bros. Discovery on antitrust grounds, imperiling one of the biggest mergers in entertainment and media history. The lawsuit comes amid mounting opposition to the $111 billion deal from Democratic lawmakers, studio executives, actors and others in Hollywood, who argue it would lead to sweeping job cuts and accelerate media consolidation that harms consumers and creative talent alike. The coalition has asked Paramount and Warner Bros. to not close the merger until the litigation is resolved, and will seek a temporary restraining order if the companies do not agree, according to the statement. Read the full story: https://politi.co/3RvF47S 📸 Jae C. Hong/AP