Subscribers Refile Lawsuit against Skydance over Merger
There’s been a few attempts to stop Skydance‘s acquisition of Warner Bros. Discovery, all have obviously failed. But, that hasn’t stopped a group from refiling a lawsuit challenging the $110 billion deal. The lawsuit highlight’s Skydance’s recent movies, a plan to bundle HBO Max and Paramount+, the firing of James Gunn and Peter Safran as heads of DC Studios, and the $6 billion in annual savings through consolidating operations and firings. The lawsuit seeks to undo the acquisition.
The lawsuit states the bundling of Paramount+ and HBO Max decreases the choice consumers can make, where before they could switch between the two but could be forced to get both with decreased offerings. But overall, with one company running both, the likelihood is that the services won’t compete diminishing choice and what’s available, decreasing competition.
The lawsuit focuses on that competition stating it decreases not just in streaming but also national TV news, and first run theatrical production. By owning both, Skydance can coordinate the schedules between Paramount and Warner Bros. Discovery eliminating competition between the two and eliminating independent release decisions.
This complaint has been dismissed twice already and faces a difficult path forward.
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