Not a Done Deal: How and Why 12 Blue States are Fighting the Paramount-Warner Bros. Merger
Are blockbuster films a separate market? Or are they interchangeable with other forms of entertainment? The $111 billion Paramount-Warner Bros. merger may hang on that question. On July 13, a coalition of 12 states sued to block the deal, arguing that it will lead to excessive concentration in the theatrical and basic cable markets. The…