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Paramount’s Warner Deal Inches Closer
Description
Antitrust regulators are reportedly warming to Paramount’s blockbuster merger with Warner Bros. Discovery, after a tense two-hour meeting where Paramount stressed its commitment to theatrical releases — a move that apparently won over Justice Department staff. The deal, long seen as a Hollywood game-changer, has sparked fears of job cuts and rising costs, prompting high-profile creators like Jane Fonda and J.J. Abrams to voice concerns. Despite scrutiny — including March subpoenas probing impacts on content, streaming, and theaters — Paramount is racing to close the deal, even agreeing to pay penalties if it drags past October, after narrowly beating out Netflix.
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