SAG-AFTRA Joins Antitrust Fight Against Paramount-Warner Bros. Merger While CEO Vows Deal Will Proceed
Developed over time first seen 3 hours ago
Hollywood's largest union has formally opposed the proposed $111 billion merger between Paramount and Warner Bros., requiring enforceable protections as a condition of support. This move aligns with legal action filed by a coalition of state attorneys general seeking to block the transaction, escalating industry-wide resistance to the combination.
Paramount CEO David Ellison has signalled unwavering commitment to the deal's completion, reassuring staff that the merger remains on track despite the antitrust litigation that has placed it on hold. Ellison's internal memo underscores the company's determination to proceed with the acquisition even as multiple stakeholders, including unions and government regulators, mount formal opposition.
- SAG-AFTRA formally opposed the $111B merger, joining state attorneys general in demanding safeguards or blocking the deal
- Paramount CEO David Ellison assured staff the merger will complete despite antitrust litigation and legal holds
- The transaction faces mounting industry-wide resistance from unions and regulators whilst Paramount pushes ahead
Coverage
- The Hollywood Reporter — SAG-AFTRA Comes Out Against Paramount-Warner Bros. Merger
- The Hollywood Reporter — Paramount CEO David Ellison Reassures Staff Amid Antitrust Suit, Says He’s “Highly Confident” in WBD Merger Completion