Warner Bros. Discovery and Paramount’s blockbuster merger is hitting pause, with the closing date pushed back until after a key antitrust trial concludes—or at least until July 2027 if the case drags on. Paramount insists the deal remains solid and is eager to prove it benefits competition and consumers, while attorneys general from California and New York celebrate the delay as a win for audiences and creators. The Writers Guild has also backed down from seeking an injunction, and some state deadlines have been canceled. With the merger now facing a potentially costly delay and a July 31 deadline for joint trial statements, the legal battle looms large—and the future of this $11 billion deal remains uncertain.

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