Information from the Semafor portal shows that lawyers from the US Department of Justice are satisfied with the arguments of the two companies
Investigation of Paramount’s purchase of Warner and industry concerns
- Hollywood and Wall Street are closely watching this high-risk deal, which would bring together some of the entertainment industry’s most enduring franchises but could hurt jobs in film and television;
- In Marchthe Department of Justice sent subpoenas in its investigation of the Warner Bros. acquisition. by Paramount, seeking information on how the deal would affect studio production, content rights, competition between streaming services and the impact on theaters;
- Hollywood’s top stars also opposed the merger. Jane Fonda, JJ Abrams and Mark Ruffalo are among the almost 3.5 thousand signatories to a letter that argues the combination would lead to fewer opportunities for breeders, job losses and higher costs for consumers.
Paramount lobbied hard to get the deal out of the Netflix and bet on closing it quickly, promising to pay Warner Bros. shareholders. a “quarterly fee” of US$0.25 (R$1.27) per share from Octoberif the agreement is not closed by then.
Source: www.olhardigital.com.br
Source link
