Paramount's Makan Delrahim Slams State AG Lawsuit: 'Weaponization of Antitrust Law'

Paramount's Chief Legal Officer Makan Delrahim railed against state AGs' challenge to block its pending $110 billion merger with Warner Bros. Discovery on Monday, calling the lawsuit a "weaponization of antitrust law." A total of 12 state AGs led by California sued last week, arguing it would create an entertainment giant that would control 27% of the wide-release theatrical distribution market, 30% of the submarket comprising "anticipated blockbuster films," and 27% of the basic cable bundle. The group warned that the deal's approval could give the combined company increased . . .