More than 180 prominent Jewish figures, including Joaquin Phoenix and Todd Haynes, signed an open letter on Wednesday defending actor Mark Ruffalo against accusations of…
Warner Bros. Discovery reported a 63% constant-currency surge in Streaming Adjusted EBITDA to $512 million during the second quarter, driven by international HBO Max expansion and strict cost controls, even as the platform absorbed the loss of NBA programming, according to company financial disclosures. Streaming Profitability Soars Despite Sports Loss The streaming business posted stark … Read more
Paramount Skydance CEO David Ellison is facing legal challenges from a coalition of state attorneys general as he moves to merge Paramount Global with Warner Bros. Discovery. Led by California Attorney General Rob Bonta, the group argues the merger violates antitrust laws, while Ellison maintains the opposition is politically motivated to protect the current progressive … Read more
Federal judge Araceli Martínez-Olguín extended a temporary restraining order pausing the proposed Paramount and Warner Bros. Discovery merger by two weeks, pushing the transaction’s earliest possible closing date to Aug. 17, according to court documents filed on Thursday. The extension allows legal proceedings to continue while the court weighs preliminary injunction motions filed by state … Read more
Paramount is seeking a three-day evidentiary hearing in August to challenge a temporary restraining order (TRO) that currently blocks its acquisition of Warner Bros. Discovery. U.S. District Judge Araceli Martinez-Olguin issued the two-week freeze on Monday following an antitrust lawsuit filed by California and 11 other states, forcing a pause in the transaction while the … Read more
Paramount shareholder Paul Robbins has filed a derivative lawsuit in Delaware Chancery Court against CEO David Ellison, Larry Ellison, and the company’s ten-member board of directors. The legal action alleges that the defendants breached their fiduciary duties by allegedly trading editorial independence for regulatory approval of the Skydance-Paramount merger, including claims of promises to alter … Read more
Warner Bros. Discovery CEO David Zaslav is selling millions in company stock as Paramount Skydance moves to acquire WBD in a deal valued at $111 billion. According to an SEC filing on Monday, Zaslav filed to sell 2.18 million shares worth approximately $59.47 million, triggered by a share price increase to $27.09. David Zaslav’s Stock … Read more
A coalition of 12 state attorneys general, led by California’s Rob Bonta, has filed an antitrust lawsuit to block the proposed acquisition of Warner Bros. Discovery by Paramount. The legal challenge, filed in the Northern District of California, contests a merger already approved by the U.S. Grounds for the Antitrust Challenge The coalition of states—including … Read more
Oregon Attorney General Dan Rayfield has withdrawn a motion to delay Paramount’s acquisition of Warner Bros. Discovery, signaling a pause in the state's legal push to access internal company documents. Regulatory Scrutiny and the Oregon Withdrawal According to Jenny Hansson, communications director for Rayfield, the state pulled back because Paramount signaled it would not comply … Read more
Banijay Kids & Family has expanded its footprint in Latin America through a series of content distribution deals with major broadcasters and platforms, including Warner Bros. Discovery and V-me Media. These agreements, announced ahead of the Annecy MIFA market, involve a broad portfolio of titles ranging from the undercover agent series Totally Spies! to the … Read more