LOS ANGELES (CN) — Several states filed suit against Warner Bros. and Paramount on Monday to stop the merger of the media giants, saying the consolidation would hurt Hollywood and consumers alike.
California and others argue the $110 billion purchase of Warner Bros. by Paramount would damage movie theaters, basic cable distributors and audiences. The merger would create a powerhouse that would control about a third of theatrical motion pictures and almost a third of basic cable programming.
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