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Paramount denies leaking conversations and offers to resume meetings with California
🇵🇾 Paraguay /Economy & Trade

Paramount denies leaking conversations and offers to resume meetings with California

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified In the courts
  • Paramount and Skydance have denied leaking private conversations with California prosecutors regarding their proposed merger.
  • The company has offered to resume negotiations with the state to resolve an antitrust lawsuit aimed at blocking the merger with Warner Bros. Discovery.
  • California's Attorney General suspended a meeting, accusing Paramount of bad faith and leaking details of previous discussions.

Paramount and Skydance have refuted allegations of leaking private conversations to the press, stating they have not been the source of any confidential discussions with the California Attorney General's office. The companies have expressed their willingness to continue good-faith negotiations to resolve the antitrust lawsuit that seeks to block their merger with Warner Bros. Discovery.

We maintain our hope and are willing to continue the conversations in good faith to resolve the Attorney General's lawsuit and move forward with our plans to increase competition and production for the benefit of artists and entertainment workers.

— ParamountParamount's statement regarding its willingness to negotiate and resolve the antitrust lawsuit.

In a statement issued to Variety, Paramount declared, "We maintain our hope and are willing to continue the conversations in good faith to resolve the Attorney General's lawsuit and move forward with our plans to increase competition and production for the benefit of artists and entertainment workers."

This statement follows an announcement by California Attorney General Rob Bonta, who suspended a scheduled meeting with Paramount executives. Bonta accused the company of leaking details from a previous conversation held on Friday and misrepresenting the negotiations, demonstrating a lack of good faith. "Paramount not only leaked the supposed content of the negotiations to reach an agreement, but also misrepresented those negotiations, demonstrating a lack of good faith," the Attorney General stated, adding that meetings would resume once Paramount "stops playing dirty and participates seriously."

Paramount not only leaked the supposed content of the negotiations to reach an agreement, but also misrepresented those negotiations, demonstrating a lack of good faith.

— Rob BontaCalifornia Attorney General Rob Bonta accusing Paramount of leaking information and acting in bad faith.

The lawsuit, filed in July by twelve states led by New York and California, opposes the merger, arguing the combined entity would control approximately 27% of the film distribution market and over 30% of the major blockbuster segment. The Hollywood writers' union has also filed a lawsuit seeking a preliminary injunction to block the merger. Paramount has agreed to delay the merger until June 2027, pending a judicial resolution.

stops playing dirty and participates seriously.

— Rob BontaCalifornia Attorney General Rob Bonta stating the condition for resuming negotiations with Paramount.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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