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The State of California et al v. Paramount Skydance Corporation et al has been reassigned to Judge Araceli Martinez-Olguin and it appears that an initial hearing to consider a temporary restraining order on the Paramount-Warner Bros. Discovery merger is still set for this coming Friday. Judge P.
The union argued that the merger would create less competitors and give the larger company “both the incentive and the ability” to lower wages and the number of projects that offer workers employment.
Led by California, the states argue the deal is anticompetitive, would harm theaters and lead to price increases for TV bundles.
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A bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job losses
People at the Paramount Skydance expect a joint lawsuit, with California taking the lead given it's the headquarters of Hollywood,
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