Paramount’s blockbuster merger with Skydance is on hold until June 2027, after a judge halted the deal amid lawsuits from 12 state attorneys general and the Writers Guild of America. Critics fear the merger will stifle competition and harm writers’ pay and opportunities, while Paramount insists it will boost industry growth. With a $650 million quarterly penalty looming if the deal doesn’t close by September 30, this legal showdown pits corporate ambition against worker protections—and the future of Hollywood hangs in the balance.
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