The Paramount-Warner Bros. Discovery merger, cleared by several regulators, is still slowed by a state antitrust fight. For Hollywood, the stakes go beyond the balance sheet.
Paramount is contemplating a dramatic exit from California at the heart of its standoff over the acquisition of Warner Bros. Behind the threat are thousands of jobs, billions of dollars, and the geographical future of Hollywood.
The UK has just approved the merger between Paramount Skydance and Warner Bros. Discovery. Behind this green light, accompanied by guarantees, a global battle is underway surrounding HBO Max, Paramount+, CNN, CBS, Harry Potter, and the future of cinema.
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