When a coalition of twelve state Attorneys General filed a lawsuit aimed at blocking the proposed merger between Paramount and Warner Bros. Discovery, they insisted that their ultimate concern was that this might bring harm to the American consumer. They suggested that the merger would rob cable providers of the ability to play the two companies against one another to obtain lower prices and better terms.
“Paramount’s proposed acquisition of Warner Bros. will end this competition, threatening viewers with higher prices, the decline of theatrical exhibition of films, and a reduction in the variety, quality, and amount of content distributed,” said a press release from California Attorney General Rob Bonta’s office.
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