Judge sets trial date for Paramount Skydance-Warner Bros. antitrust lawsuit
A federal judge has scheduled a March 2027 trial date in the antitrust lawsuit challenging Paramount Skydance‘s proposed $111 billion acquisition of Warner Bros. Discovery, setting the stage for a courtroom battle over what would be one of the largest mergers in Hollywood history.
TL;DR
- A federal judge has set a March 2, 2027, trial date for the antitrust lawsuit against the proposed Paramount Skydance acquisition of Warner Bros. Discovery.
- The lawsuit, filed by 12 state attorneys general, claims the merger would reduce competition in Hollywood, leading to negative consequences for consumers.
- Paramount denies the allegations, calling the lawsuit baseless and stating its commitment to defending the transaction.
- The judge had previously temporarily blocked the companies from closing the deal, and they agreed not to proceed until at least June 1, 2027, or until a ruling.
- Paramount Skydance CEO David Ellison suggested the legal opposition is motivated by concerns over CNN ownership rather than market share.