Overview
- On June 3 Paramount filed a motion in federal court seeking dismissal of a lawsuit by five streaming subscribers that asks a judge to block the Paramount‑Skydance acquisition of Warner Bros. Discovery.
- A coalition of state attorneys general led by California and including New York is drafting a separate antitrust complaint that sources say could be filed in the coming weeks.
- U.S. and international regulators remain active in their reviews, with the European Commission’s provisional deadline around July 7 and a district court hearing on the private suit set for July 16.
- Paramount previously disclosed the combined company would be 49.5% foreign‑owned with about 38.5% from Gulf sovereign funds, and the deal carries contractual ticking and a $7 billion termination fee that raise pressure if regulators delay a close.
- More than 5,500 Hollywood professionals have opposed the deal over job and content concerns, and California’s attorney general has said he is prepared to seek structural remedies to protect workers and competition.