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California Dems Challenge Hollywood Merger | Lubbock News

California Dems Challenge Hollywood Merger | Lubbock News

Published 3 weeks, 6 days ago
Description

California Democrats are rallying against a multi-state lawsuit seeking to block Paramount’s blockbuster merger with Skydance, warning it could devastate Hollywood’s job market and accelerate the industry’s exodus from the state. Lawmakers, many from districts deep in the entertainment heartland, argue the deal threatens thousands of jobs and undermines competition, contradicting the DOJ’s approval. Rep. Laura Friedman warns the merger could erode America’s cultural and economic backbone, while Rep. Kevin Kiley cautions the lawsuit might backfire, further driving studios and talent overseas. Paramount counters that the legal challenge misreads industry dynamics and misapplies antitrust principles.

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