Paramount-Warner Bros merger: California may seek cable channel divestitures, film studio safeguards
California Attorney General Rob Bonta is expected to ask Paramount to divest some cable channels and commit to keeping its movie studio separate from Warner Bros. before he signs off on their merger, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Paramount and California state officials are set to meet on Monday to discuss potential ways to settle the state’s antitrust lawsuit, the report said.
Lawyers from both sides met on Friday to lay out an agenda for Monday’s meeting, including discussions about the cable and motion-picture businesses, the Journal reported.
