Category Archives: Business

Paramount Meeting with Attorneys General Canceled Due to “Lack of Good Faith”

ace attorney canceled

Late last week, news broke that Paramount would have a meeting this Monday with the Attorneys General suing them to stop the acquisition of Warner Bros. Discovery over antitrust concerns. The meeting was ordered by the judge and an attempt at mediation before the trial which begins March 2027. That meeting has now been canceled according to California Attorney General Rob Bonta citing a “lack of good faith” in the settlement talks.

In a statement, Bonta said:

My office had a meeting with Paramount on Friday. Paramount did not maintain the confidentiality of that meeting. Not only did Paramount leak the alleged substance of settlement discussions, but they misrepresented these discussions, demonstrating a lack of good faith.

As soon as Paramount stops playing games and engages sincerely, my office is happy to meet again.

Bonta is leading the dozen attorneys general who have banded together in the lawsuit.

Paramount is attempting to acquire Warner Bros. Discovery for about $110.8 billion. They have agreed to delay the closing of the deal until as late as June 2027 as part of the lawsuit.

Bonta has previously accused Paramount of playing games with their threat to move their company out of California as well as its attempt at a $1.88 billion bond from the dozen states as well as the Writers Guild of America which is also suing.

Ink Alliance Sells Out of its Debut Exclusive, New Titans #38, in Five Days, Reaching Collectors Across 20 States and Canada

DC Comics' New Titans #38 Sanford Greene variant

Ink Alliance, a national collective of Black-owned comic book retailers, has officially sold out the complete 1,000-copy run of its debut exclusive, DC ComicsNew Titans #38 featuring Static and an exclusive cover by Eisner and Ringo Award-winning artist Sanford Greene.

The entire print run sold through in just five days, beginning with a coordinated in-store launch across Ink Alliance’s 10 founding retailers on August 19.

The release culminated with remaining inventory from OffBeat in Jackson, Mississippi, and Blerds Underground being made available online. Both retailers sold through their remaining copies in under five minutes.

Online orders reached collectors across 20 states and Canada, extending the reach of Ink Alliance’s first project far beyond the individual communities served by its founding stores.

The response was just as visible in person.

Participating retailers reported new customers discovering their stores specifically because of the release, with collectors traveling across cities, counties and state lines to support the project.

At Acme Comics, which has served its community since 1983, first-time customers traveled from Raleigh, Durham and Charlotte, North Carolina. Others traveled from Baltimore, Maryland; Woodbridge, Virginia; and Tennessee to purchase the release and support the initiative.

The Comic Den experienced a similar response on the West Coast, with customers traveling from across Los Angeles and surrounding counties specifically to purchase the release.

At Eastgate Comics, the campaign translated increased visibility into new local relationships. Owner Fred Wright Jr. reported customers traveling from six different states to purchase the release, along with approximately 20 to 30 local customers who had never previously visited the store.

Several of those first-time customers went on to establish subscriptions for weekly comic pulls, demonstrating the potential for a collaborative release to introduce collectors not only to Ink Alliance, but also to independent retailers they may continue supporting long after the release.

Eastgate also gained more than 800 new followers across its Facebook and Instagram accounts during the campaign.

For Gulf Coast Cosmos Comics, the launch demonstrated the potential for collective action to expand the visibility and reach of independent Black-owned retailers.

Cuts and Comics also reported reaching new customers and experiencing a major increase in website traffic and sales surrounding the project.

The response extended throughout the broader comics community. Cover artist Sanford Greene publicly supported and shared the project throughout its rollout, while the release generated enthusiastic engagement from readers, collectors and members of the Milestone community.

More Than a Sellout

For Ink Alliance’s founders, selling through 1,000 copies represents more than the commercial success of a limited comic.

The project was designed to test something larger: what independent Black-owned comic retailers could accomplish by coordinating their marketing, combining their audiences and resources, and approaching the marketplace collectively.

The Alliance Is Growing

The sellout arrives as Ink Alliance prepares for its next stage.

The collective launched its debut project through 10 founding Black-owned comic retailers, but the Alliance is already preparing to grow beyond its founding membership.

Additional Black-owned comic shops are preparing to join Ink Alliance, expanding the collective into new markets and giving more communities direct access to participating Black-owned comic retailers, future releases, events and collaborative initiatives.

Spider-Man: Brand New Day Holds on to First at the Weekend Box Office

Spider-Man: Brand New Day

It’s been four weeks in a row of Spider-Man: Brand New Day being at the top of the box office. The movie added $39 million to its domestic total which is now $854.9 million. It also grossed $129 million over the week internationally which is now $1.365 billion. Worldwide, the movie has grossed $2.220 billion.

Spider-Man: Brand New Day is the top grossing film domestically in 2026 by about $320 million so far. Worldwide, the movie is the top grossing of the year by about $770 million. The movie is currently the third highest grossing film domestically of all time and will easily move into second place. The industry is watching to see if it’ll be the first to cross $1 billion domestically. The movie is also sixth worldwide of all time and will likely move up to third or fourth by the end of next weekend.

Insidious: Out of the Further debuted in second place with $25.3 million domestically and $35 million internationally for a worldwide debut of $60.3 million. The opening is a bit mixed. Insidious: The Red Door opened in 2023 with $33 million domestically and Insidious: The Last Key opened in 2018 with $29.6 million. Out of the six released movies going back to 2010, this movie’s opening ranks fourth. But, the budgets on these films are really low, with this one being a reported $18 million. So, anything over $36 to $40 million (based on the usually formula of 2x budget) and the movie is in the profit zone, which this debut weekend puts it.

The Odyssey slipped to third place with $19.5 million and has now grossed $539.1 million domestically. Internationally, it grossed $120.9 million over the week and has now grossed $907.1 million. The movie will likely cross the billion dollar mark internationally before its run is over. Worldwide, the movie has grossed $1.446 billion.

PAW Patrol: The Dino Movie remained in fourth place with $9.1 million domestically bringing up its domestic gross to $35.4 million. Internationally, it grossed $19.5 million to bring that to $68 million. The movie has grossed $103.4 million.

The End of Oak Street dropped to fifth place after debuting in third. It grossed $9 million domestically and its total is just under $38 million. Internationally, the movie grossed $22 million which is now $48 million. Worldwide, the movie has grossed just under $86 million.

In comic related movies…

Supergirl grossed around $50,000 domestically over the week and is $72.4 million. Internationally, the movie remained at $54 million. Worldwide, the movie has grossed $126.4 million.

Star Wars: The Mandalorian and Grogu remained at $177.7 million domestically. Internationally, the movie is at $168 million. Worldwide, the movie has grossed $345.7 million, an increase of about $600,000 over the week.

Bleach: Thousand-Year Blood War – The Calamity has grossed $4.3 million domestically. Internationally, the movie has grossed $763,798 which makes a little over $5 million worldwide.

Numbers have 66 movies grossing $131,763,813 from 38,157 theaters for an average of $3,453.20. That is compared to last week’s 67 movies grossing $163,521,056 from 36,717 theaters for an average of $4,453.55.

Paramount and State AGs to Have Settlement Talks Next Week and Gavin Newsom Responds to Threats of Paramount Leaving California

The trial between a dozen state Attorneys General and Paramount over its attempt to acquire Warner Bros. Discovery doesn’t begin until March 2, 2027, but the parties will meet next week to discuss a settlement. After approval from the Trump administration and numerous other countries, a dozen Attorneys General sued Paramount in July in attempt to stop its acquisition of Warner Bros. Discovery for $110.8 billion. Antitrust concerns were raised by the deal which would shrink film and television distributors, have paramount control another major news source in CNN, among other issues.

Representatives from Paramount and the offices of the Attorneys General will meet on Monday to discuss the case. The meeting though is mandated under the mediation procedure, so don’t read too much into it. It’s a common step and has been mandated by Judge Araceli Martinez-Olguin.

California Attorney General Rob Bonta said about the meeting:

As I’ve said before, generally for all of my cases, I prefer to resolve disputes in the boardroom, not the courtroom. As I’ve also said, if the opposing party in litigation wants to meet in good faith to make a sincere effort to resolve the case, we’ll meet. And as I have further said, any potential discussions about the Paramount-Warner Brothers merger will be unproductive absent robust structural remedies on the table that address our concerns.

As it stands today, the proposed Warner Bros./Paramount merger will mean higher costs, less competition, lower wages, job cuts, and fewer movies and TV shows. This merger violates long-standing federal antitrust law, and we are committed to enforcing the law.

Paramount has stated they’re willing to work towards and negotiate a solution without a trial and there has been calls from other parties, some unions and theater chains, for the parties to negotiate a settlement.

Paramount has also threatened to leave California over the lawsuit, a move Bonta sees as an attempt to put pressure on the AGs and get them to settle.

Paramount needs the settlement more than the AGs. If the deal isn’t closed by September 30, a ticking fee begins at about $7 million a day, increasing the cost of the deal. The trial has been set for March 2, 2027 and will last 17 days. The delay through the trial, about 169 days, will cost the company $1.15 billion. Paramount is currently seeking a bond of $1.88 billion from the AGs as well as the Writers Guild of America who is also suing. A decision on that won’t happen until late September

Current California Governor Gavin Newsom has said he is taking Paramount’s threat to leave the state “seriously” and hopes it doesn’t happen.

And I’m of the belief they don’t want that to happen. It’s not, I don’t think, in the company’s long-term interest, but I take it seriously.

I’m concerned about the state, our reputation.

Newsom has also teased there are discussions between parties already happening regarding the antitrust lawsuit. Newsom isn’t running again for Governor due to term limits, and his time in the position will end in January 2027, months before the trial is set to begin.

Newsom is teasing a running for President in 2028. When he does, he’ll need/look for the support of Ari Emanuel, the CEO of WME Group and CEO and executive chairman of TKO Holdings, for that run. Emanuel has become a kingmaker in politics wielding a lot of influence in both parties, though it is rumored Ari’s brother Rahm is also thinking of running for President. Importantly for this, Emanuel is an ally of Paramount CEO David Ellison and has penned an op-ed in support of the deal. Those opposed to the deal would likely have a more difficult time getting his support for their political ambitions.

Diamond and Alliance agree to Modify their Lawsuit Schedule

Discovery can be a very long and difficult process with Diamond Comic Distributors, its trustee Morgan W. Fisher, and Alliance Entertainment are all figuring out. In March 2026, a schedule was put in place regarding a lawsuit between Diamond and Alliance Entertainment spinning out of Alliance’s abandoned bid to purchase Diamond’s assets during the chapter 11 process as well as the counterclaims. In April 2025, Alliance Entertainment submitted a complaint against Diamond accusing Diamond of “fraud” and “deception” as far as their relationship with Wizards of the Coast, the company behind Magic: The Gathering.

Part of that schedule is what’s known as “discovery,” the process of exchanging documents such as emails, text messages, instant messages, basically communication and documents, that have to deal with the case. Each side then goes through the documents to find the ones relevant to the case and they can present that during the court hearing. It can involve millions of documents and be a difficult and long process. Often, lawyers outsource this to companies whose entire business is “e-discovery,” going through those documents and tagging the relevant ones and moving on from those that aren’t.

In an order agreed to by all parties, they have said that this is a “document-intensive case” and the parties have been working in good faith to make the process as easy as possible. One such example is agreeing upon search terms to more easily sort through documents. They state there’s “hundreds of thousands” of documents that are relevant to the discovery request.

The parties have worked diligently to review documents, refine their respective proposed search terms, and balance the needs of this case against the burden of searching through scores of non-responsive and irrelevant documents.

Basically, it can be a labor intensive, pain in the ass process, and they’re struggling.

The parties have gone to the court asking to adjust the schedule for the court case because discovery is just taking that long. It would delay the case about 3 to 6 months for each step.

No trial date has been set.

Below ae the new proposed dates for each step:

EventCurrent DeadlineProposed Deadline
Substantial Document
Completion Deadline
August 31, 2026November 27, 2026
Fact Discovery DeadlineOctober 31, 2026February 26, 2027
Deadline for Dispositive PreTrial MotionsNovember 30, 2026April 15, 2027
Deadline for Responses to
Dispositive Motions
December 30, 2026May 21, 2027
Deadline for Replies IFSO
Dispositive Motions
January 13, 2027June 18, 2027
Dispositive Motions HearingFebruary 17, 2027July 9, 2027

You can read the court filings below:

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Los Angeles projected to lose 4,500 local positions and $4.06 billion in business due to Paramount/Warner Bros. Discovery Deal

The Department of Economic Opportunity for Los Angeles and Los Angeles County Film Office has released a report on its projection of the losses for the city if Paramount succeeds in its acquisition of Warner Bros. Discovery.

An initial 60 day report stated “a potential loss of 15,567 corporate roles that overlap across both companies, with 6,099
shared, and 2,495 jobs specifically in Los Angeles County.”

The 120-day final report has been released and highlights risks to numerous groups such as “regulators, workers, investors, and state and local governments” if the merger succeeds.

For Los Angeles County specifically, the final report projects:

  • If the merger goes through, about 4,500 film and TV jobs in Los Angeles County could be lost over the three-year period when the companies combine operations.
  • In total, 10,360 job years could be at risk, including:
    • 2,661 indirect jobs at small businesses that support production — such as prop houses, printers, transportation companies, and other vendors.
    • 3,204 induced jobs that exist because film and TV workers spend money in the local economy — including restaurants, retailers, and service providers.

The economic impact of losing these jobs is significant. At stake:

  • $1.26 billion in wages
  • $2.78 billion in economic value
  • $4.06 billion in total business output
  • $547 million in tax revenue, including $78.6 million in local taxes — most of which (63%) comes from property taxes.

The report raises the concern that job losses would occur through:

  • Slate consolidation (fewer buyers = fewer greenlights) – There would be fewer unscripted/talk shows and related opportunities for Los Angeles-based crews.
  • Talent deals at risk – There’s 895 creators with exclusive deals between the two companies. If there’s less development, work would be lost.
  • Location decisions shifting production away – The new post-merger company would likely shift production away from Los Angeles.
  • Cost of living and Tax Credit Incentives Pressure – LA County and California has a high cost of living and there’s increased competition to court productions through tax credit incentives.

Currently, a dozen attorneys general are fighting the merger between Paramount and Warner Bros. Discovery in an antitrust lawsuit along with a lawsuit by the Writers Guild of America. This report is sure to add fuel to the fire and help the fight to try and prevent the deal to go through.

You can read the full report below.

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Paramount $1.88 Billion Bond Request Won’t be Decided until Late September

Just a few days ago, Paramount requested 12 states and the Writers Guild of America post a $1.88 billion bond in their antitrust lawsuits. The lawsuits have halted a $110.8 billion acquisition of Warner Bros. Discovery by Paramount. A federal law protects mergers and acquisition parties from “potential harm” from halting the deal for litigation.

Paramount is trying to get the states and Writers Guild of America to pay for the timer portion of their proposed deal that would increase the cost by about $7 million per day if it doesn’t close before September 30. As of now, that doesn’t look like it’ll happen. Paramount agreed to halt the deal until their lawsuit with a dozen attorneys general is over or June 1, 2027. A trial is set for March 2, 2027 and believed to last 17 days. The delay through the trial, about 169 days, will cost the company about $1.15 billion.

But, a court decision about that bond will cut it close to when that ticking fee begins in the Paramount/WBD deal. Judge Araceli Martinez-Olguin has decided that nothing will be decided in Paramount’s move until September 24. That’s just a week before the the fee would begin and the costs begin to increase.

Graphix has obtained exclusive rights to develop five of Osamu Tezuka’s properties!

Scholastic has announced it will be partnering with Tezuka Productions, Co., Ltd., Osamu Tezuka’s IP company, to reimagine five of Tezuka’s original manga titles for children.

Tezuka Productions, Co., Ltd. is a Japanese mass multi-media company founded by Osamu Tezuka, who is often referred to as the “God of Manga.” Tezuka is famously known for jumpstarting Japan’s modern comic and animation industries, producing over 700 stories, including some of his most popular series, Astro Boy, Princess Knight, Kimba the White Lion, and many more.

Scholastic partnered with Tezuka Productions, Co. Ltd. first in 2024 with the reimagining of Tezuka’s Unico series. Since the Unico Awakening series launched in August 2024, Graphix has released three volumes from acclaimed author, Samuel Sattin, and Eisner Award-winning Japanese artist duo, Gurihiru. The series has become a national bestseller and sold in more than 17 countries around the world. Unico Awakening will culminate with its eighth volume, completing the story arc left unfinished by Tezuka in his lifetime.

In a similar vein to Unico, Scholastic is partnering with Tezuka Productions, Co., Ltd. to reimagine five properties from Osamu Tezuka. These titles will include, Three Eyed One, Princess Knight, Triton of the Sea, Zero Men, and Atom Cat/Astro Cat. Author Samuel Sattin is tagged once again to spearhead the efforts to develop and reimage these series, working alongside Japanese artists. 

Unico Awakening

ABC has filed a First Amendment lawsuit against the FCC’s “Deeply un-American” Censorship

ABC and Disney are taking the fight to the FCC and the Trump Administration for what it calls a “retaliatory campaign against ABC for a single reason: it disapproves of what ABC broadcasts.

Earlier this year, the FCC, and thus the Trump Administration, began to threaten ABC and its parent company Disney over speech that aired on the channel it disagreed with. ABC was directed by the FCC to file early renewals for its licensed TV stations, applying to eight affiliate stations owned by ABC. The FCC, and its chair Brendan Carr, were also investigating Disney for its “DEI practices,” claiming “possible violations of the Communications Act of 1934 and the FCC’s rules, including the agency’s prohibition on unlawful discrimination.”

Unlike other media companies and businesses that have caved to threats from the administration (including pretty obvious settlement bribes to Trump charities), Disney and ABC are fighting back, having filed a lawsuit against the FCC, its chairman Brendan Carr, commissioner Anna Gomez, commissioner Olivia Trusty, and two “John Does” also listed as commissioners of the FCC who have yet to be appointed.

In the filing, ABC and Disney highlight attacks on the channel and its talent’s free speech by President Donald Trump, using his own words and social media posts against him. It also quotes Carr who issued an ultimatum regarding on-air comments by ABC’s late-night host Jimmy Kimmel, “We can do this the easy way or the hard way. These companies can find ways . . . to take action . . . on Kimmel, or there is going to be additional work for the FCC ahead.”

ABC and Disney say they have seen increased pressure from the administration that has culminated in threats of broadcast licenses for the eight stations mentioned above and notes how early the reviews have been demanded, some not even halfway through their current license terms.

ABC also highlights this pressure has impacted programming decisions, deciding to livestream a speech by President Trump but not broadcasting it on television which resulted in President Trump calling for the revocation of the ABC owned stations’ broadcast licenses as well as NBC which also chose to not cover the speech.

Since the Commission cannot lawfully grant renewal this early, ABC and Disney are convinced a decision from the FCC, which is expected soon, will be a negative one.

The consequences of the Administration’s campaign against free speech reach well beyond ABC. If the Administration gets its way, the message to every media company in the country will be unmistakable: tell only the stories the Administration deems favorable, or face the coercive machinery of the federal government. In such a world, the press could in no way be described as free.

The FCC Chairman has left little doubt that this is his goal. He has publicly touted the Administration’s success in extracting speech-related concessions from other media companies, boasting that it has “t[aken] on the fake news media” and is “winning,” cataloguing with evident pride the perceived critical voices that have been taken off the air.

ABC and Disney are asking for the court to:

Declare that Defendants’ order requiring that Plaintiffs file early license renewal applications constitutes retaliatory action in violation of Plaintiffs’ rights under the First Amendment to the U.S. Constitution.

Enter temporary, preliminary, and permanent orders providing that Defendants, their officers, agents, and employees subject to their supervision, direction, and control are enjoined from taking any continuing or further action against Plaintiffs in relation to the early license renewal applications, including issuing a Hearing Designation Order;

Enter temporary, preliminary, and permanent orders, providing that Defendants, their officers, agents, and employees subject to their supervision, direction, and control are enjoined from taking any actions, formal or informal, to coerce or threaten Plaintiffs with sanctions in an effort to alter their exercise of editorial discretion; and

Grant such other and further relief as this Court deems necessary and just.

In their complaint, ABC and Disney lay out how threats from the White House and FCC have impacted their coverage and decisions and is an example as to why the acquisition of Warner Bros. Discovery by Paramount should be stopped. The media company has already shown its willingness to cater to Trump’s complaints and whims.

You can read ABC and Disney’s full filing with detailed history of the attack by President Trump, the White House, and FCC against the companies.

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Warren Ellis Addresses His Contentious Return to Image

Image Comics logo

On August 5, Image Comics announced the “return” of Warren Ellis to comics with a reprint of Ocean and then on August 11 they announced the were publishing his new graphic novel, Ghost Drive Station. The announcement wasn’t well received by many, as Ellis was publicly accused of sexual misconduct by more than 60 individuals.

In 2020, Ellis was accused of sexual misconduct. Ellis in a statement said he “…hurt people deeply. I am ashamed for these mistakes and I am profoundly sorry,” though much of his statement seemed to disagree with the accounting of events. Some of the victims came together to form So Many of Us. Its goal was to not punish Ellis but to “amplify awareness of a pattern to change the culture of complicity.” They also attempted to engage with Ellis in “mediated transformative justice,” but felt the comic creator took no steps towards accountability.

The lack of accountability is the sticking point, and Ellis is once again welcomed into the comic industry fold. At the time of the announcements, parties involved were silent but now Ellis has spoken up and addressed the issue.

Ellis, in his Orbital Operations newsletter, addressed the situation after plugging his new projects:

A few people have asked me about past events in my life. It’s not my place to pick at it in public or speak for others. I will say that I got to apologise directly to a group of people and offer amends, which I remain very grateful for, and I keep that door open. I learned a lot and still am. I fucked up in a number of ways over the years, it doesn’t matter that I never acted with malice in mind, I hurt people, I’m sorry, and I’m trying to do better every day. That’s all I have to say for now.

So Many of Us last released a statement in 2023:

With the guidance of our facilitator, we asked Ellis to take the steps necessary for community accountability work to begin. During the process, as far as was communicated with us, Warren Ellis did not take these steps. Despite numerous discussions and hours of writing, working with Ellis remained contentious; he and our group were unable to achieve community together. Our facilitator concluded that a community accountability process with Warren Ellis is impossible under current conditions, and we agreed. In October of 2022, in a conversation with Ellis which was conveyed to us with Ellis’s consent and approval, our facilitator discussed this conclusion and our group’s intention to move on from working with him.

Ellis is just one individual with questionable history and behavior that has dipped their toes and seemingly returning to comics. It’s an unfortunate trend of 2026.

If you are looking for resources regarding abuse, including organizations to help victims and further reading, So Many of Us has a wonderful list they’ve put together.

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