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Paramount Skydance Deal on Hold | Perth News
Description
A $110 billion Paramount-Skydance merger is on hold after a judge in Oakland paused the deal, citing strong antitrust concerns from states like New York and Colorado. The judge warned the combined entity could dominate 27% of the film distribution market, potentially giving studios too much power over theaters and harming competition. While Paramount’s CEO David Ellison sees the deal as a path to rival Netflix and Disney, the states argue it could lead to job losses and anti-competitive behavior. The judge will decide in August whether to extend the pause as the legal battle unfolds.
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