California leads antitrust lawsuit seeking to stop Paramount-Warner Bros. Discovery deal
"The merger will end this competition permanently. The likely result is higher prices, lower quality, and less content for film."
"The merger will end this competition permanently. The likely result is higher prices, lower quality, and less content for film."
Paramount will not close its deal with Warner Bros. Discovery until July 22 at the earliest.
The deal has already passed regulatory hurdles in the United States and Europe.
Approval in Europe is one of the final major hurdles that merger faces.
"How did we not know that money was sitting out?"
An impressive number for UFC and Paramount in the first event of their seven-year, $7.7-billion deal.
Career lawyers likely would've recommended a lawsuit challenging the deal.
Stewart signed an extension with Paramount's new owners last year.
"The Paramount-Warner Bros. deal has reeked of corruption and influence-peddling. This fight isn’t over."
Paramount claims Netflix is attempting to "poison regulators and other stakeholders" to torpedo the deal.
Paramount is targeting a combination of operations by the third quarter of 2026.
"I think the UFC is an asset that, if managed correctly by both TKO and its distributor, could have an unusually bright future."
Paramount needs a $24 billion overseas investment to help fund its purchase of WBD and Democratic senators are calling foul.
Expect more football-centric films with NFL IP coming down the pike.
Shareholders symbolically rejected Zaslav's potential $550 million payday.
"There is no way Paramount is going to make their money back on UFC."
The company is informing employees to prepare for the deal to close as soon as the end of July.
CBS Sports president David Berson "is seen as the odds-on favorite to run the combined division."
According to CNBC's Alex Sherman, the two sides are negotiating a price increase with a bid-ask spread midpoint around 50 to 60 percent over CBS's current $2.1 billion annual fee.
The audience marks a significant boost from UFC's previous linear numbers on ESPN.
Shell was reportedly under investigation at Paramount after the plaintiff alleged that Shell had leaked sensitive information.
"For what it would cost you for one pay-per-view, you can watch everything UFC for the year."
"I can't wait to meet David Ellison and talk about those things."
All signs point to Paramount Skydance and CBS Sports as the first dance partners on the floor.
What I can tell you is we do plan to continue our relationship [with the NFL] and I do believe we have planned accordingly there."
The company believes it can capitalize on the scale and "operational efficiencies" of combining cable assets.
The company says it has "flexibility" in its deal.
The new streamer will hold CBS Sports and TNT Sports properties on one platform.
"We knew right away, when we got the notice on Thursday, that they had a superior offer and the details of that deal."
Netflix now has four business days to submit a better offer.