Variety
·entertainment
·2 hours ago
Paramount Skydance defends Warner Bros merger citing competitive disadvantage against Netflix Disney
Paramount Skydance defended its $111 billion Warner Bros. Discovery merger to California's attorney general, arguing neither Paramount+ nor HBO Max can individually compete with Netflix, Disney, or Amazon. In a letter, Paramount's chief legal officer cited Nielsen data showing the combined companies represent only 25% of the domestic box office, with six other major distributors competing for theater releases.
Summary by Glance · Variety
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