{"id":90589,"date":"2026-07-24T21:25:10","date_gmt":"2026-07-24T21:25:10","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/paramount-to-delay-warner-bros-merger-until-as-late-as-june-2027\/"},"modified":"2026-07-24T21:25:10","modified_gmt":"2026-07-24T21:25:10","slug":"paramount-to-delay-warner-bros-merger-until-as-late-as-june-2027","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/paramount-to-delay-warner-bros-merger-until-as-late-as-june-2027\/","title":{"rendered":"Paramount to delay Warner Bros. merger until as late as June 2027"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>Paramount Skydance will delay its <a href=\"https:\/\/www.cbsnews.com\/news\/paramount-skydance-warner-bros-discovery-antitrust-justice-department\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">planned merger<\/a> with Warner Bros. Discovery until as late as June 2027 amid separate <a href=\"https:\/\/www.cbsnews.com\/news\/states-sue-to-block-paramount-warner-bros-discovery-merger\/\" data-invalid-url-rewritten-http=\"\">lawsuits<\/a> filed by state attorneys general and the Writers Guild of America.<\/p>\n<p>The deal could be completed sooner if a federal judge rules on the lawsuits. The deal could close five days after the merits determination.<\/p>\n<p>The transaction &#8220;shall not close, be consummated, or otherwise be completed&#8221; until then, Judge Araceli Martinez-Olguin ordered Friday.<\/p>\n<p>The deal had been <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/paramount-warner-bros-merger-judge-halts\/\" data-invalid-url-rewritten-http=\"\">temporarily halted<\/a><\/span> by the judge earlier this week.\u00a0<\/p>\n<p>&#8220;Today&#8217;s agreement is a significant win because the result is exactly what we have sought from the outset: a direct path to a trial based on the evidence,&#8221; a spokesperson for Paramount, CBS News&#8217; parent company, said in a statement. &#8220;This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators, a conclusion dozens of competition authorities around the world have already reached. Plaintiffs&#8217; market definitions bear no relationship to the realities of today&#8217;s marketplace and cannot withstand scrutiny. We look forward to proving our case at trial.&#8221;<\/p>\n<p>A dozen states&#8217; attorneys general on July 13 sued to block Paramount Skydance&#8217;s acquisition of the rival studio \u2014 a hurdle to the $110 billion deal that would remake Hollywood \u2014\u00a0 claiming the combination of the two companies would hurt competition in the film industry. The WGA, a labor union representing entertainment and news writers, filed a separate lawsuit the following day, alleging the deal violates federal antitrust law and would lead to lower pay and fewer opportunities for writers.<\/p>\n<p>Paramount has said the deal would promote competition, expand opportunities for writers and result in a stronger company.<\/p>\n<p>New York Attorney General Letitia James, who joined in filing the states&#8217; lawsuit, said in a statement Friday, &#8220;Halting this merger while our case proceeds is a critical victory in our efforts to uphold the law and protect the film and television industries. I look forward to continuing our case to stop this illegal merger.&#8221;<\/p>\n<p>The WGA said, &#8220;Today, Paramount and WBD agreed to what the state AGs and the WGA sought: the merger will be put on hold pending the outcome of the states&#8217; and WGA&#8217;s cases or June 1, 2027, whichever comes first.&#8221;<\/p>\n<p>The delay could be costly for Paramount, which has agreed to pay Warner Bros. shareholders a fee totaling $650 million per quarter if the deal doesn&#8217;t close by Sept. 30.\u00a0<\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                      <span class=\"byline__author__text\">Paula  Cohen<\/span> and <\/p>\n<p>                      <span class=\"byline__author__text\">Jamie  Reysen<\/span>\n                      <\/p>\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<div class=\"component__item-recirc-block\">\n<p><h3 class=\"component__title\">Go deeper with The Free Press<\/h3>\n<\/p><\/div>\n<\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<p class=\"content__tags__label\">In:<\/p>\n<\/section>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/paramount-delay-warner-bros-merger-until-as-late-as-june-2027\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paramount Skydance will delay its planned merger with Warner Bros. Discovery until as late as June 2027 amid separate lawsuits<\/p>\n","protected":false},"author":1,"featured_media":90590,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[2499,7470],"class_list":["post-90589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-paramount","tag-warner-bros"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paramount to delay Warner Bros. merger until as late as June 2027 - World News<\/title>\n<meta name=\"description\" content=\"Paramount Skydance on Friday said it would delay the deal until as late as June 2027.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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