Paramount Skydance rebuts antitrust lawsuit from 12 states, arguing merger boosts competition against Netflix and tech giants, benefits content, talent, and theaters, and has global regulatory support.
Paramount Skydance has issued a lengthy response to the antitrust lawsuit filed by twelve U.S. states seeking to block its $110 billion merger with Warner Bros.
Discovery. The states, led by California, argue the merger would harm competition, leading to higher prices, less content, and fewer opportunities for diverse storytelling. In its statement, Paramount Skydance rejects these claims, asserting that the complaint misrepresents current market dynamics and ignores the intense competition from streaming giants like Netflix and major technology platforms.
The company points out that antitrust regulators in 24 jurisdictions have already approved the deal, emphasizing that the combined entity will be better positioned to invest in premium content, theatrical releases, and creative talent. It contends that blocking the transaction would actually protect the dominant streaming platforms from needed competition and harm entertainment workers who have faced job losses due to industry disruption.
Paramount Skydance vows to vigorously defend the merger, arguing it will foster more competition, expand consumer choice, and create greater opportunities for creators and workers in a rapidly evolving global media landscape
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