Deals & M&A
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Congressman Jamie Raskin Accuses David Ellison of Colluding With Trump to ‘Curtail Media Independence’
He also says Paramount is trying to “spread political censorship and suppress dissent” as it seeks to close a pending $110 billion merger with Warner Bros. Discovery
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Alex Cooper’s Unwell Valued at $500 Million After Investment From Patrick Whitesell’s WTSL
It marks the first outside investment taken by the “Call Her Daddy” host’s media company
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David Ellison’s Threat to Move Paramount ‘Proves the Danger’ of Warner Merger, Writers Guild Says
“This type of behavior is precisely why the merger should be blocked,” the guild adds
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Xavier Becerra Urges Both Sides to Settle Paramount-WB Antitrust Suit Ahead of Trial: ‘Let’s Be Adults’
“You get way more done in the conference room than you do in the courtroom,” the Democratic nominee in California’s gubernatorial race says
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David Ellison Goes Nuclear With Threat to Move Paramount Out of California — Is It a Stunt?
The Paramount CEO’s ultimatum rattled staffers, but experts are split on the viability of running a major Hollywood studio from Nashville or Atlanta
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Business
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California AG Rob Bonta Rebuffs David Ellison’s Paramount Move Threat, Shrugs Off 30-Film Commitment and CNN Sale
“Paramount has lost the plot as it continues to lose in court,” the California attorney general says
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Ari Emanuel’s Mari to Acquire Broadway and West End Theater Giant ATG Entertainment
ATG operates 70 venues across the U.S., U.K., Germany and Spain and hosts Broadway productions such as “The Lion King,” “Wicked” and “Harry Potter and the Cursed Child”
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David Ellison Threatens to Move Paramount Out of California if State AGs Won’t Negotiate
The CEO gave his executive leadership team an idea of when and where the company might move if state Attorney General Rob Bonta doesn’t settle his antitrust case
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An Offer They Can’t Refuse: Theater Execs Split on Whether to Join Paramount-Warner’s Merger Movement
AMC, Regal and Vue publicly support David Ellison, but much of the theatrical world remains skeptical
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Movies
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Paramount Offers to Put David Ellison’s Annual 30-Film Theatrical Promise in Writing
The studio has made a push to get theater chains like Regal and Vue Cinemas to support its acquisition of Warner Bros. Discovery
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The Ledger: Wall Street’s Take on the Broadcast Cap Removal
Plus, a cheat sheet to this week’s busy earnings results
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Columns
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Block the Merger Coalition Says Paramount’s Concessions to Win UK Approval Lend Credibility to US Antitrust Case
“The Paramount Skydance-Warner Bros. Discovery merger is a dangerous consolidation that will harm film, entertainment and independent press in markets around the world,” the group writes
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FCC Killed the Broadcast TV Ownership Cap. Will Local Stations Get Gobbled Up?
One expert warns the change allows FCC Chairman Brendan Carr to create a pro-Trump crony system, but legal challenges are sure to follow
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Deals & M&A
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Starz Raises Profit Outlook as Streaming Stabilizes, but Linear TV Tumbles
The company’s second-quarter net loss widened due in part to a $147 million charge tied to exiting its Universal film deal
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Business
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Lionsgate CEO Supports Paramount-Warner Merger, Says Bolstered Paramount+ ‘Would Be Better For Us’
“Uncertainty and delay is not good for anybody,” Jon Feltheimer adds
