A federal court has intervened to temporarily suspend the merger of Paramount and Warner Bros Discovery following objections from twelve states concerned about competitiveness in the film industry. The judge’s restraining order will pause the merger for a minimum of two weeks, providing the states the opportunity to argue their case against the merger. A hearing to discuss a preliminary injunction is scheduled for August 3.

A California judge granted a temporary restraining order on the Paramount-WBD deal after state AGs cited "compelling evidence" of market concentration. A $650M/quarter ticking fee…

A judge on Monday granted a temporary restraining order pausing the Paramount-Warner Bros. Discovery merger.

California and eleven states secured a pause on Paramount's acquisition of Warner Bros. Discovery. They argued the massive media merger would harm competition and raise prices. …

A federal judge on Monday ordered Paramount and Warner Bros