>Paramount subscribers, in a lawsuit filed on Thursday in California federal court, allege the acquisition will substantially reduce competition in streaming, news and theatrical distribution in violation of antitrust laws. They seek a court order blocking the merger and unwinding Skydance‘s acquisition of Paramount.
>The deal will consolidate “Paramount’s ability and incentive to raise prices, reduce output, narrow slates, reduce quality, and worsen consumer-facing terms, including through control of distribution, exclusivity, windowing, and licensing,” states the complaint.
>The lawsuit is believed to be the first legal action targeting the merger that would combine two of Hollywood’s legacy studios. Consumers represent one of several groups that could pose an obstacle to consummating the deal, which includes the Justice Department, state attorneys general, the European Union and the Federal Communications Commission.
rzr-12 on
Too little. Too late. We are all cooked by the powerful elite. The oligarchs own Congress, Supreme Court, and the President.
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Fucking damn right
Details:
>Paramount subscribers, in a lawsuit filed on Thursday in California federal court, allege the acquisition will substantially reduce competition in streaming, news and theatrical distribution in violation of antitrust laws. They seek a court order blocking the merger and unwinding Skydance‘s acquisition of Paramount.
>The deal will consolidate “Paramount’s ability and incentive to raise prices, reduce output, narrow slates, reduce quality, and worsen consumer-facing terms, including through control of distribution, exclusivity, windowing, and licensing,” states the complaint.
>The lawsuit is believed to be the first legal action targeting the merger that would combine two of Hollywood’s legacy studios. Consumers represent one of several groups that could pose an obstacle to consummating the deal, which includes the Justice Department, state attorneys general, the European Union and the Federal Communications Commission.
Too little. Too late. We are all cooked by the powerful elite. The oligarchs own Congress, Supreme Court, and the President.