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Paramount demands $1.9 billion in damages from the twelve US states opposing its merger with Warner Bros

The acquisition by David Ellison's group of its competitor is being contested in court by democratic states, as well as by the writers' union. The merger of the two Hollywood studios has been suspended pending the trial, scheduled for March 2027.

Translated from French Read in French

Paramount demands $1.9 billion in damages from the twelve US states opposing its merger with Warner Bros

We haven't written up this one. Le Monde Economie has the full story — the link below goes straight to it.

Read the original at lemonde.fr →

More in Business

U.S. Shale Majors Cut Spending Despite Higher Oil Prices

U.S. oil companies dominating the shale patch are planning to trim their spending plans and instead take advantage of higher international oil prices to reduce debt and boost shareholder returns.

  • U.S. shale oil companies reduce spending despite higher oil prices
  • Chevron, ConocoPhillips, Occidental cut spending by 10% to 20%
  • Global oil market forecasted to face 1.8 million barrels daily deficit

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