Paramount to meet California AG in a bid to settle case over Warner deal: Variety

California Attorney General Rob Bonta canceled a meeting with Paramount executives to discuss a lawsuit challenging the merger of Paramount and Warner Bros. Discovery. Bonta accused Paramount of acting in bad faith, alleging the firm leaked details of a settlement discussion held on August 21 and misrepresented the talks. The lawsuit, filed by Bonta and a coalition of 12 other attorneys general, challenges the $110 billion merger, claiming it would reduce competition, harm theaters, cable distributors, and audiences.

Bonta offered to meet again once Paramount engaged sincerely, but emphasized the need for a resolution. The merger would control nearly one-third of theatrical and cable programming in the US. The trial is set for March 2027, and a delay could cost the companies millions in fees if the deal isn't completed by October.