Colorado Attorney General Phil Weiser announced that a stipulation filed in federal court stops Paramount and Warner Bros. from merging until the court rules on the merits or until June 1, 2027, whichever comes first. The action stems from a lawsuit filed by a coalition of a dozen state attorneys general challenging the proposed $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. A prior temporary restraining order had already halted the merger for 14 days.
Paramount and Warner Bros. are prohibited from closing their merger until the federal court rules on the merits of the case or until June 1, 2027, whichever comes first.
In-house legal teams at Paramount, Warner Bros. Discovery, and their counterparties should review merger-related contracts for change-of-control, assignment, and non-close or delayed-close provisions. The stipulation halting the merger may trigger material adverse change clauses, so distribution, theater licensing, and basic cable carriage agreements should be checked for regulatory-approval conditions and termination rights. Vendor and customer agreements that assume the merger will close should be reviewed for force majeure, regulatory delay, and cooperation obligations tied to antitrust proceedings.
Entity
Paramount Skydance Corporation
Industry
Media & EntertainmentOfficial Press Release
https://coag.gov/press-releases/weiser-paramount-warner-bros-merger-on-ice-until-next-year/
Stipulation and Proposed Order Not to Close ECF No 169
https://coag.gov/app/uploads/2026/07/Stipulation-and-Proposed-Order-Not-to-Close-ECF-No-169.pdf
Colorado Attorney General Enforcement Page
https://coag.gov/
"Paramount Skydance Corporation"
"July 24, 2026"
"antitrust laws"
"The combined company would eliminate competition between the movie behemoths and inflict substantial harm on movie theaters, basic cable distributors, and audiences nationwide."
"a coalition of a dozen state attorneys general"
"stops Paramount and Warner Bros. from merging until the court rules on the merits of the case or until June 1, 2027, whichever comes first"
A coalition of 12 state attorneys general, led by Colorado AG Phil Weiser, obtained a temporary restraining order from a federal court in California to halt the proposed $110 billion merger of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in film distribution, anticipated blockbuster film distribution, and licensing cable TV channels.
Attorney General Tong joined a coalition of 12 attorneys general in filing a lawsuit to block the proposed $110 billion merger of Warner Bros. Discovery and Paramount Skydance, alleging it violates Section 7 of the Clayton Act. The court granted a temporary restraining order halting the merger while it considers a preliminary injunction.
Oregon Attorney General Dan Rayfield secured a temporary restraining order blocking Paramount Skydance Corporation's proposed $110 billion acquisition of Warner Bros. Discovery. The lawsuit, joined by 11 other state attorneys general, alleges the merger would harm Oregonians through higher prices, lower content quality, and reduced competition in film and television distribution.
Oregon Attorney General Rayfield and a coalition of 11 other attorneys general filed a motion for a temporary restraining order and preliminary injunction to block the $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in theatrical film distribution and basic cable television licensing, which would lead to higher prices and reduced content quality for consumers.
Oregon Attorney General Dan Rayfield and a coalition of 12 state attorneys general filed a lawsuit challenging the $110 billion acquisition of Warner Bros. Discovery by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in theatrical film distribution and basic cable television licensing, which could lead to higher prices and reduced choice for consumers.
Attorney General William Tong joined a coalition of 12 attorneys general in suing to block the $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in theatrical film distribution and basic cable television licensing, which would harm consumers through higher prices and reduced quality.