Entertainment
Paramount Urges California AG to Support Warner Bros. Discovery Merger
Paramount Skydance is again defending its merger with Warner Bros. Discover in a new letter to the California Attorney General, citing theatrical benefits.
AG Rob Bonta received a letter from Paramount’s chief legal officer Makan Delrahim, arguing that the merger would be a boon for theatrical distribution, as concerns continue to rise that the takeover would reduce theatrical releases.
“Paramount’s proposed merger with WBD will help drive meaningful improvements for movie theaters and their audiences,” Delrahim said. “To compete more effectively with Netflix, and others leading services, a combined Paramount-WBD will need to capture audiences’ attention in fresh ways, and that includes broadening theatrical distribution to tap into the magic of the moviegoing experience and create momentum behind films before they reach streaming services.”
The letter was first reported by Semafor.
More to come…
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