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Attorney General Phil Weiser sues to block Paramount/Warner Bros. merger

Paramount Skydance Corporation and Warner Bros. Discovery, Inc.July 13, 2026Colorado Attorney General

Summary

Attorney General Phil Weiser joined a coalition of 12 state attorneys general in filing an antitrust lawsuit challenging the $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit, filed in the U.S. District Court for the Northern District of California, alleges the merger would substantially lessen competition in wide-release theatrical film distribution, anticipated top-grossing film distribution, and basic cable television licensing in violation of Section 7 of the Clayton Act. The coalition seeks a court order blocking the merger before it closes.

Remedy

The coalition seeks a court order enjoining Paramount Skydance Corporation's $110 billion acquisition of Warner Bros. Discovery, Inc. The attorneys general asked the parties not to close the merger until the judicial process concludes, and stated they will request a temporary restraining order if the parties do not agree. No monetary penalty is sought.

Injunction

Contract Impact

In-house legal teams should review their media and entertainment contracts — especially theatrical film distribution agreements, content licensing agreements, basic cable carriage contracts, and co-production arrangements — for change-of-control and assignment clauses that could be triggered if a counterparty is acquired by or merges with a major studio such as Paramount or Warner Bros. Discovery. Teams should also audit exclusivity, most-favored-nation, and automatic renewal provisions to understand how consolidation among the five major distributors could shift pricing and leverage in negotiations. Finally, companies that do business with competitors should confirm their information-sharing, joint venture, and non-compete provisions remain enforceable and do not create independent antitrust exposure in light of heightened scrutiny by state attorneys general of media and entertainment consolidation.

Contract Search Terms

change of controlassignment clauseexclusivitymost favored nationdistribution agreementcable carriage agreementtermination rightsmaterial adverse changenon-competetheatrical distribution

Laws Cited

Clayton Act Section 7
15 U.S.C. § 18

Violation Types

Entity Details

Entity

Paramount Skydance Corporation and Warner Bros. Discovery, Inc.

Industry

Media & Entertainment

Multistate Coalition

Official Sources

Source Evidence

Entity Name
"Attorney General Phil Weiser today joined a coalition of 12 attorneys general in filing a lawsuit challenging the $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation."
Laws Cited
"alleges that the merger violates Section 7 of the Clayton Act"
Statute Sections
"mergers that may substantially lessen competition or tend to create a monopoly are illegal"
Event Date
"July 13, 2026 (DENVER)"
Is Multistate
"joined a coalition of 12 attorneys general in filing a lawsuit"
Co Enforcers
"In filing today’s lawsuit, Attorney General Weiser joins the attorneys general of California, Arizona, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington."

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