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Paramount Repeats Demand That States and WGA Post $1.88 Billion Bond Over Warner Bros. Merger Delay, After AGs Argue Company Is Trying to ‘Offload Its Responsibility’ for Ticking Fees

World 2 sources 1 country 🔦 Under-reported 53m ago

Paramount and Skydance filed a court motion on Tuesday reiterating a demand that 12 states and the Writers Guild of America (WGA) post a $1.88 billion bond. The bond request relates to ongoing antitrust litigation brought by these parties to block Paramount’s proposed merger with Warner Bros. Discovery.

The legal dispute centers on the financial implications of the merger delay. State attorneys general have argued that Paramount is attempting to shift the burden of potential 'ticking fees'—financial penalties associated with the deal's timeline—onto the plaintiffs. Paramount maintains that the bond is necessary to protect against the economic impact of the litigation-induced delay.

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Read the full story at the source The Hollywood Reporter · US
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