( July 13, 2026, 14:03 GMT | Official Statement) -- MLex Summary: California Attorney General Rob Bonta led a coalition of 12 attorneys general in filing a lawsuit challenging Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, according to a release. The proposed merger, the largest in Hollywood history, would combine two of Hollywood’s five major film distributors and two of the five major basic cable channel owners, extinguishing competition between Paramount and Warner Bros., and inflicting substantial harm on movie theaters, basic cable distributors and, ultimately, audiences nationwide, the release said.Statement follows below:...
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