US approval of Paramount/Warner Bros. deal surprised DOJ lawyers, report says



Slater’s replacement, Acting Assistant Attorney General Omeed Assefi, insisted in an interview with Reuters in March that the Paramount/Warner deal will not be fast-tracked for approval because of political factors. “The idea that somehow enforcement has been politicized is ludicrous,” he said.

DOJ says merger will boost competition

The DOJ announcement of its approval said the deal is likely to increase competition in the streaming video market “by offering consumers a more robust competitive alternative” to the larger offerings. The deal would combine Paramount+ with HBO Max.

The DOJ also said the merger is unlikely to harm competition in the market for development, production, and distribution of theatrical films. “Instead, the evidence shows extensive competition within the industry, which has generated greater output and diversity of film offerings, and is likely to continue unabated,” the DOJ announcement said.

Although Paramount won over federal regulators, it will likely have to fight a lawsuit from California, New York, and other US states. The states reportedly plan to file a lawsuit seeking to block the merger in the coming weeks. Meanwhile, European Union regulators are scrutinizing the deal’s financing and impacts on competition.

US states also diverged with the Trump administration in a fight against Live Nation and its Ticketmaster subsidiary. The Biden-era Department of Justice and most US states sued Live Nation in 2024, but the Trump administration blindsided state attorneys general in the middle of the resulting trial by agreeing to stop its pursuit of a breakup.

The states continued the litigation after the Trump administration dropped out, and they won the trial. A federal jury ruled in April that Live Nation and Ticketmaster operate an illegal monopoly that overcharged fans for tickets. There is a separate proceeding to determine damages and potential remedies, which could include a breakup of the company.



Source link

  • Related Posts

    Google launches Wear OS 7 with Live Updates and a battery life boost

    Google’s Wear OS 7 update is starting to roll out today for the Pixel Watch 2, 3, and 4 , adding a new Live Updates feature that tracks live events…

    Cockroaches scurry around with thousands of pieces of bacterial genomes

    Last week, we looked at a new study of the origin of complex cells, one that showed that our ancestors’ genomes were pieced together from bits and pieces of multiple…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Sundre rodeo parade cancelled amid harassment over rejected pro-Alberta float

    Sundre rodeo parade cancelled amid harassment over rejected pro-Alberta float

    ‘Heartstopper Forever’ Trailer | Moviefone

    ‘Heartstopper Forever’ Trailer | Moviefone

    Who Are the Leaders at the G7 Summit in France?

    Google launches Wear OS 7 with Live Updates and a battery life boost

    Google launches Wear OS 7 with Live Updates and a battery life boost

    Canada’s Max Crépeau doing his part as goalkeepers coming up big in World Cup

    Canada’s Max Crépeau doing his part as goalkeepers coming up big in World Cup

    The impact of trade wars on firms in third countries