A federal judge has paused the Skydance and Paramount merger to take over Warner Bros. Discovery, citing public interest and antitrust concerns raised by state attorneys general. The pause, set for at least 14 days, follows a lawsuit led by California’s AG Rob Bonta, who warns the deal could stifle competition, raise prices, and limit diverse storytelling. Paramount counters that the merger will boost competition and benefits all stakeholders, but the delay adds risk—potentially costing the company $650 million per quarter if the deal doesn’t close by September 30. A hearing on August 3 will decide if the pause should extend.
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