Arizona Attorney General Kris Mayes, along with 11 other attorneys general, sued to thwart a proposed $110 billion merger between Paramount Skydance and Warner Bros. Discovery. While the deal was cleared by federal antitrust investigators, the states’ lawsuit claims it would stifle competition and drive up costs for audiences at home and in the movie theater.
Paramount has blasted the lawsuit, saying the merger would allow for better competition. The company also noted 15 international regulators, along with the United States, approved its purchase.
Bill Goodykoontz, “The Arizona Republic” media columnist, joined “Arizona Horizon” to discuss the ongoing legal saga.
