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The new Paramount Games Studio will be helmed by Tony Driscoll as president. The studio will roll together Skydance’s existing gaming outfits, Skydance Interactive and Skydance New Media.
(Updates with Paramount's response in the third and fourth paragraphs.) A group of US states is p
By Jody Godoy and Nathan Frandino June 5 (Reuters) - California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters
<body><p>STORY: :: California’s AG says he may soon decide whether to block Paramount acquiring Warner Bros </p><p>:: Oakland, California / June 4, 2026</p><p>:: Theater owners, actors and others in the industry fear the deal would decrease competition and lower wages</p><p>:: Rob Bonta, California Attorney General</p><p>"It was a mega merger that was going to harm workers and reduce prices, choice, quality. And we think we have a central role in being able to protect jobs in Hollywood with respect to the Paramount Warner Brothers proposed merger. // You don't get a pass on violating antitrust law that hurts consumers and raises prices and hurts workers and reduces choice, competition and equality. You don't get a pass, ever. So, we will find a way, either we'll go back and ask for more money, we'll all pitch in enough resources, we'll hire outside counsel, whatever it takes. And I think the people of our states and the people of this country want that, and I know they deserve that. // We will have the resources if we decide that we're going to sue Paramount-Warner Bros. We are prepared to go either course: to not act if that's what we determine, or to go all in if that's what we determine. So, the full range of options are on the table and available and are fully resourced, no matter what we decide. // And there's not a lot of time left before we will need to act.”</p><p>Bonta's office has been reviewing the deal for potential violations of U.S. antitrust law, as movie theater owners, Hollywood actors and others have expressed concerns that it would decrease competition across the industry, leading to lower wages, higher prices and fewer options for consumers and content buyers.</p><p>Antitrust authorities in Europe are set to decide by early July whether to clear the deal, while the U.S. Department of Justice is likely to reach a decision soon, according to a source familiar with the matter. The deal could close once it clears those reviews, putting time pressure on Bonta's office, which is seen as the most likely enforcement agency to challenge the deal.</p><p>The combination of two major U.S. film studios has elicited angst in Hollywood over the potential for fewer productions. Bonta said his office has heard from many workers in the industry and that their concerns have raised "even more red flags."</p><p>The job of antitrust enforcers challenge mergers that would significantly harm competition, including competition among employers for specialized labor.</p><p>Paramount lawyers and executives have said the company is preparing to create more, not less, content after the acquisition. Paramount CEO David Ellison has vowed that the combined company will release 30 movies per year in theaters and that both studios will continue to operate separately.</p><p>California's Department of Justice has the largest antitrust division in the country, with just under 50 people. And the state is adding eight more attorneys this year along with eight support staff, Bonta said. California Governor Gavin Newsom has proposed adding $14.3 million to Bonta's budget for antitrust work.</p><p>A number of other states are talking to California about a joint challenge to the deal, two people familiar with the matter said.</p><p>However, there was no indication that the states have come to an agreement on their approach. The potential costs involved if California hires an outside lawyer could be a factor for states, the sources said.</p></body>
Then there’s the real world—the one where readers and viewers lap up celebrity updates, clickbait headlines, and bleed-and-lead news segments. The weekly CBS newsmagazine made its bones with its investigative journalism, delving into how the tobacco industry manipulated nicotine levels, or revealing fatal flaws in the U.S. military’s MV-22 Osprey aircraft. It turns out that people will tune into investigative stories, if you make them compelling and relevant enough.
June 5 (Reuters) - California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters in an interview, adding that in general he views any corporate promises to address antitrust concerns as better when backed up by potential divestitures. Bonta's office has been reviewing the deal for potential violations of U.
A wild week of firings and fireworks lays bare the challenges Bari Weiss faces in revamping CBS News and its flagship show.
Paramount Skydance (PSKY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Veteran “60 Minutes” correspondent Scott Pelley was fired by CBS News, a day after taking aim at Editor in Chief Bari Weiss’s leadership during a staff meeting for the show. Executive Producer Nick Bilton sent a note to Pelley on Tuesday night saying he was being terminated for cause, effective immediately, according to a copy of the letter reviewed by The Wall Street Journal. Pelley interrupted Bilton soon after he started reading introductory remarks at the Monday meeting, according to people in attendance.
Nick Bilton was greeted with open hostility from high-profile correspondent Scott Pelley, according to people at the gathering.
(Bloomberg) -- For leveraged finance practitioners, artificial intelligence is the only game in town — especially in the absence of more debt deals to finance mergers and acquisitions.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectRussia Finance Officials Tell Putin War Spending Is UnaffordableStocks Up as Trump Cites Rapid Pace in I
Domestic box office performance in May was stronger than expected, likely boding well for this month
Paramount Skydance (PSKY) stretched itself thin in its $110B takeover bid for Warner Bros. Discovery (WBD) and now the companies’ bankers are preparing to bring the $50B debt sale for the buyout to market, Aaron Weinman and Davide Barbuscia of Bloomberg reports.Claim 55% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with
(Bloomberg) -- Paramount Skydance Corp. stretched, then stretched, then stretched again in its audacious $110 billion takeover bid for Warner Bros. Discovery Inc.Most Read from BloombergAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarSingapore Hands Byju's Founder His First Ever Jail TermNow the companies
Watch Highlights Video Below: CorpGov hosted the second Princeton CorpGov Forum on May 21, 2026, at The Nassau Inn in Princeton, New Jersey. Speakers featured industry leaders and alumni spanning five decades at Princeton, and topics comprised university endowments, shareholder activism, private equity, venture capital, private and public capital markets, entertainment and the finance of […] The post Highlights: The NIL Effect – Finance of Sports: Collegiate Focus: 2nd Princeton CorpGov Forum ap
Netflix has lagged broader entertainment peers, yet analysts stay steady, suggesting patience could still reward long-term investors.
Paramount's (PSKY) largest Hollywood gamble is already under pressure. The company’s proposed $110 billion deal for Warner Bros. Discovery (WBD)merges two media powerhouses at a time when traditional entertainment firms are grappling with streaming losses, decreasing cable audiences, and growing ...
The CBS News program installed journalist Nick Bilton in the role and will part ways with current show leader Tanya Simon.
(Updates with the DOJ response in the fourth paragraph.) US antitrust regulators appear prepared
The correspondent had criticized as political a decision by CBS News Editor in Chief Bari Weiss to hold a segment on an El Salvador prison.
Report says DOJ staff appear ready to approve the $110 billion takeover.
(Bloomberg) -- It began as a concession in private conversations to assuage wary credit analysts looking at Paramount Skydance Corp.’s blockbuster takeover of Warner Bros. Discovery Inc.: a verbal pledge by the Ellison family to do whatever it takes to slash debt at the combined company.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia
(Bloomberg) -- Warner Bros. Discovery Inc. tightened pricing on its loan offering on Wednesday, a day after upsizing the deal to around $15 billion, as investor appetite for corporate credit allows borrowers to set favorable terms.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From Kyiv
U. S. antitrust authorities appear close to approving Paramount’s proposed $110 billion acquisition of Warner Bros.
Paramount Skydance has underperformed the broader market over the past year, and analysts are cautious about the stock’s prospects.
When the Justice Department settled with Live Nation at the start of a long-awaited antitrust trial, it mounted a pressure campaign against a group of plaintiff states to demand that Republican attorneys general join the truce. Then-Attorney General Pam Bondi warned some of the GOP state officials that the deal was personal to President Trump, according to people familiar with the matter. Following the April jury verdict that found the company engaged in illegal monopolization, the states on Thursday asked a judge to impose sweeping changes on Live Nation, including forcing it to sell off its Ticketmaster subsidiary and some of the amphitheaters where it packs fans for summertime tours.
(Bloomberg) -- The Mandalorian and Grogu, the first film in the Star Wars franchise in seven years, was the highest-grossing movie in the US and Canada over the four-day holiday weekend with $100 million in ticket sales. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch To
Multinational media and entertainment corporation Paramount (NASDAQ:PSKY) is expected to be announcing earnings results this Tuesday before market hours. Here’s what you need to know.
In a tough comparison to 2025’s record domestic ticket sales, ‘Mandalorian and Grogu’ was expected to haul in $100 million over the four day weekend.
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