California AG Rob Bonta's lawsuit against the Paramount-Warner Bros. Discovery merger relies on outdated theatrical and cable distribution definitions, and a combined company would still face massive competition from Netflix, YouTube, TikTok, Apple, and Amazon; the final regulatory hurdle looks weak and the deal is likely to close despite possible delays.
California AG Rob Bonta's lawsuit against the Paramount-Warner Bros. Discovery merger relies on outdated theatrical and cable distribution definitions, and a combined company would still face massive competition from Netflix, YouTube, TikTok, Apple, and Amazon; the final regulatory hurdle looks weak and the deal is likely to close despite possible delays.