Paramount CEO Urges States to Drop Merger Lawsuit

Paramount CEO David Ellison has called upon 12 state attorneys general to resolve their ongoing lawsuit concerning the $110 billion Warner Bros. Discovery merger. Ellison emphasized that the transaction has successfully navigated and satisfied all regulatory conditions across 68 countries globally.

He expressed gratitude for the thorough reviews by competition authorities, noting they concluded the deal is beneficial for competition, consumers, and workers. Ellison stated Paramount is open to constructive dialogue with the state attorneys general, offering concessions to find a resolution.

The company argues that an eight-month delay for a March antitrust trial would lead to significant financial penalties, litigation expenses, and business disruption. Paramount contends this delay harms constituents in the involved states without providing any tangible benefit.

Paramount also highlighted its responsibility to stakeholders, including pension and retirement funds, to manage additional financial costs while ensuring the combined company's long-term strength. They believe a settlement is the most effective path forward for workers, consumers, and the states themselves.