Attorneys General around the country, as well as many politicians, have discussed mounting a legal challenge to Paramount Skydance’s mega purchase of Warner Bros. Discovery. Thus far none of them have done anything to actually stop it. But some normal, unelected people have. Five Paramount+ subscribers have filed a federal antitrust lawsuit in California to halt the sale. Yes, the people are suing to stop this Warner Bros. Discovery and Paramount merger.
This week, five plaintiffs—Pamela Faust, Len Marazzo, Lisa Mccarthy, Deborah Rubinsohn, and Gary Talewsky—filed a “private antitrust” lawsuit in California’s Northern District federal court. (A case we first heard about at Forbes.) They are seeking an “injunctive relief” to stop Paramount Skydance’s $110 billion dollar purchase of Warner Bros. Discovery. The suit cites a violation of Section 7 of the Clayton Act.” And while we’re not lawyers, their reasoning certainly sounds like a fact. Here’s the suit’s first claim about the harm posed by this merger:
“…it may substantially lessen competition by eliminating a significant rival. Plaintiffs are threatened with loss or damage due to increased prices, reduced production, reduced quality, and reduced consumer choice.”
Yup. The suit also specifically mentions the company’s acquisition of CNN and why it was such a major reason for the sale. The lawsuit posits “political considerations and horse trading over a major national news outlet” was a big reason behind the sale, proving it should be invalidated.
Again, we’re not lawyers, but…..
Paramount Skydance responded to the filing, saying it is “without merit.” The company also said the merger “will create a stronger competitor that is well positioned to serve as a champion for creative talent and consumer choice.”
Does this suit have a chance? Honestly, who knows anymore? But we know it’s never (not once) been great for consumers and artists alike when there’s less competition, which is exactly what this sale guarantees. And as people who love both movies and a free press, we wish these five Paramount+ subscribers good luck. We also hope those with real political power finally do something, too.
The post Paramount+ Subscribers Sue To Stop Warner Bros. Discovery Sale appeared first on Nerdist.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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