Distribution
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Paramount-Warner Bros. Merger: Judge Will Rule on Temporary Restraining Order by Wednesday
State AGs argued the $110 billion deal would give the combined company more leverage over movie theaters and cable distributors, increase consumer prices and reduce content output
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Netflix Stock Extends Losses Another 8% on Weak Forecast, Shift to Fewer Engagement Updates
Despite posting second-quarter results in-line with Wall Street expectations, it was not enough to quell investors’ concerns about the company’s future growth
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Judge Denies Preliminary Injunction in Paramount-Warner Bros. Consumer Lawsuit
Araceli Martínez-Olguín determined that plaintiffs failed to show irreparable harm or that their case would have a likelihood of success
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Netflix Shares Sink 8% as Execs Fend Off Wall Street’s Growth Concerns: ‘All Hours are Not Created Equal’
While second-quarter revenue increased, the streamer offered a tepid full-year forecast amid questions about audience engagement
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Business
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Beehiiv Bets Independent Media Companies Want One Platform, Not Five
The company’s biggest expansion yet aims to help creators “run your entire content business” from a single platform
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Paramount State AG Lawsuit Swaps Judges After ‘Appearance of Bias’ Request
The case is now under Judge Araceli Martínez-Olguín, who is overseeing a separate consumer lawsuit brought against the company
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Lionsgate Attracts Takeover Interest From Banijay
Europe’s Bollore Group and Mediawan have also reportedly expressed interest
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FCC Chair Doubts State AG Lawsuit Against Paramount-Warner Bros. Will Succeed
Brendan Carr says reports of California AG Rob Bonta’s interest in a CNN sale are “a bit of a tell that this really isn’t a legitimate antitrust case”
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Paramount-WBD Merger: Oregon AG Withdraws Records Request, Motion to Delay to ‘Consider Next Steps’
ODOJ tells TheWrap that the David Ellison-led media giant thinks they’re “above the law” after refusing to comply and that it won’t “let them waste Oregonians’ resources on these games”
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Letterboxd Sale: Netflix, Sony and Others in Early Talks to Buy Platform
Other interested suitors reportedly include Paramount, private equity firms RedBird and TPG and media investor Alexis Ohanian
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Jeff Zucker Stays Mum on Paramount-WBD, CNN Drama as He Completes His Own Merger
“I’m going to leave that deal to the others who are involved in it,” the network’s former president and RedBird IMI CEO tells TheWrap
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Jeff Zucker and Marco Bassetti Tease More Dealmaking After Banijay-All3Media Merger: ‘Scale Is Key’
The executives outline their vision for the combined company, growth opportunities in the U.S. and more
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Deals & M&A
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Warner Bros. Studios’ Ranch Lot to House LA28 Olympics’ International Broadcast Center
The 30-acre campus will begin preparations as soon as January 2027
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Paramount Won’t Close Warner Bros. Merger Before July 22
Oregon AG Dan Rayfield is seeking a court order that would delay the $110 billion deal’s closing further as it seeks records from the media giant
