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Analysis:US state officials fear Paramount-Warner deal will squeeze local movie theaters

Asia-Pacific 2 sources 2 countries πŸ”¦ Under-reported 55m ago

California is leading the legal charge against one of the world's biggest media mergers ever. Twelve US states have filed a lawsuit seeking to block Paramount Skydance from acquiring Warner Brothers Discovery – saying the deal would create a company with too much market power and end up harming consumers and workers. The legal challenge is being seen in part as a political proxy battle – with Democratic state officials seeking to rein in what many see as unchecked crony capitalism and corruption based on business leaders' proximity to President Donald Trump.

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Read the full story at the source France 24 Β· FR β†—

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