Twelve U.S. states sue Warner Bros and Paramount to block their merger
Lee also Paramount sue Warner Bros
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Summary
Lee also Paramount sue Warner Bros. The general prosecutors of Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington have joined Bonta in this request. In addition, it agreed to pay a $7 billion termination penalty.
Furthermore, The complaint states that the operation does not comply with section 7 of the Clayton Act, which prohibits business agreements that may limit competition or encourage the creation of a monopoly. Thousands of actors, directors, writers and other industry professionals have expressed their unequivocal opposition to the Paramount agreement, arguing that further consolidation will lead to job loss and limit options for both filmmakers and viewers.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Lee also Paramount sue Warner Bros.
reliability moderate2/2 sourcesThe general prosecutors of Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington have joined Bonta in this request.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
In addition, it agreed to pay a $7 billion termination penalty.
according to El UniversalThe complaint states that the operation does not comply with section 7 of the Clayton Act, which prohibits business agreements that may limit competition or encourage the creation of a monopoly.
according to The ObjectiveThousands of actors, directors, writers and other industry professionals have expressed their unequivocal opposition to the Paramount agreement, arguing that further consolidation will lead to job loss and limit options for both filmmakers and viewers.
according to El Universal
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