Paramount Skydance Moves to Dismiss Antitrust Lawsuit Over Warner Bros. Discovery Acquisition
By
Todd Spangler
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· 2 sourcesParamount Skydance has filed a motion to dismiss a federal antitrust lawsuit brought by five streaming subscribers seeking to block its $111 billion acquisition of Warner Bros. Discovery. Variety reported that Paramount argues the plaintiffs' allegations lack factual support and represent a misguided attempt to politicize antitrust law. Deadline added that Paramount's legal team contends the complaint relies on "rhetoric and fearmongering" rather than viable claims of competitive harm, and has requested dismissal with prejudice. The case is before the U.S. District Court for the Northern District of California.
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Summary
Paramount Skydance filed a motion to dismiss a federal antitrust lawsuit brought by five streaming subscribers seeking to block its $111 billion acquisition of Warner Bros. Discovery. Paramount argues the plaintiffs' allegations lack factual support and represent a misguided attempt to politicize antitrust law. The case is before the U.S. District Court for the Northern District of California.
Key quotes
· 2 pulledThis case concerns the future of the entertainment industry and a misguided attempt by Plaintiffs to politicize antitrust law.
Paramount on Thursday (June 3) filed a motion with the court seeking to have the case dismissed, arguing that the plaintiffs' allegations that the merger violates antitrust laws 'do not have any factual support.'
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