{"id":1822,"date":"2026-06-13T06:10:51","date_gmt":"2026-06-13T06:10:51","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=1822"},"modified":"2026-06-13T06:10:51","modified_gmt":"2026-06-13T06:10:51","slug":"us-justice-department-clears-paramounts-acquisition-of-warner-bros","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=1822","title":{"rendered":"US Justice Department clears Paramount&#8217;s acquisition of Warner Bros"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><li>Companies<\/li><\/ul><\/div><div><\/div><\/div><div>WASHINGTON, June 12 (Reuters) &#8211; The U.S. Justice Department&#8217;s Antitrust Division said it has cleared Paramount \u200bSkydance Corp&#8217;s (PSKY.O)<svg><\/svg><span>, opens new tab<\/span> planned $110 billion acquisition of Warner Bros. Discovery (WBD.O)<svg><\/svg><span>, opens new tab<\/span>, saying it was unlikely to harm competition or consumers.<\/div><div>DOJ said it spent eight \u200cmonths evaluating how the transaction would affect streaming video services, traditional television and the film industry, weighing input from across the entertainment industry.<\/div><div>&#8220;The extensive investigatory record reviewed by the Division suggests that the impact of the transaction will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers,&#8221; the Justice Department wrote in a statement \u200breleased on Friday.<\/div><div>Paramount CEO David Ellison&#8217;s father, billionaire Oracle co-founder Larry Ellison, has cultivated ties with President Donald Trump, and the company has hired \u200bformer Trump officials.<\/div><div>Assistant Attorney General Omeed Assefi had said that politics would &#8220;absolutely not&#8221; drive the DOJ&#8217;s review of the transaction.<\/div><h2>COMPETITION FOR \u2060AUDIENCES, TALENT, INVESTMENT<\/h2><div>Paramount issued a statement thanking the DOJ for its review of the transaction, which it said would allow the company to better compete in \u200ban industry defined by an intense scramble for audiences, talent, technology and investment.<\/div><div>&#8220;We remain focused on completing the transaction as soon as possible and delivering its benefits \u200bto consumers, creators and the entertainment industry as a whole,&#8221; Paramount said.<\/div><div>The Federal Communications Commission has not yet approved a petition seeking approval for foreign interests, including Gulf sovereign wealth funds, to own up to 100% of the debt in the proposed $110 billion deal.<\/div><div>Democratic senators raised concerns about Middle Eastern sovereign wealth funds and Chinese companies taking part in the deal. \u200bThey noted that it involves sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi investing in a company that would control CBS stations, as well \u200bas major cable news operations including CNN. They also cited media reports that China\u2019s Tencent may take part.<\/div><div><div><div><div><div><div><div><\/div><\/div><div><noscript>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Warner Bros. studio lot in Burbank\" class=\"wp-image-1820\" height=\"683\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/01dc04bab3eea43a39cf40f101140d35-1024x683.avif\" width=\"1024\" srcset=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/01dc04bab3eea43a39cf40f101140d35-1024x683.avif 1024w, https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/01dc04bab3eea43a39cf40f101140d35-300x200.avif 300w, https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/01dc04bab3eea43a39cf40f101140d35-768x512.avif 768w, https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/01dc04bab3eea43a39cf40f101140d35.avif 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/noscript><\/div><\/div><div><div><div><\/div><\/div><div><noscript>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Paramount studio lot in Hollywood\" class=\"wp-image-1821\" height=\"683\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/4680a7cfdb53f10206f1dac9f3f67b13-1024x683.avif\" width=\"1024\" srcset=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/4680a7cfdb53f10206f1dac9f3f67b13-1024x683.avif 1024w, https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/4680a7cfdb53f10206f1dac9f3f67b13-300x200.avif 300w, https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/4680a7cfdb53f10206f1dac9f3f67b13-768x512.avif 768w, https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/4680a7cfdb53f10206f1dac9f3f67b13.avif 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/noscript><\/div><\/div><\/div><button><span><div><svg><\/svg><\/div><\/span><\/button><\/div><div><div>Item 1 of 2 The Warner Bros. Water Tower is pictured at Warner Bros. Studios in Burbank, California, U.S. February 27, 2026. REUTERS\/Daniel Cole\/File Photo<\/div><div><button><span><svg><\/svg><\/span><\/button><button><span><svg><\/svg><\/span><\/button><\/div><\/div><\/div><\/div><div>The family of Paramount CEO David Ellison will continue to control voting shares. Paramount \u200csaid in \u2060a filing on Thursday that the &#8220;new foreign investors, which will receive only non-voting equity, will not have any ability to influence the company\u2019s editorial decision-making.&#8221;<\/div><div>The DOJ said it reviewed more than 2 million documents obtained from 80 sources in evaluating the deal&#8217;s impact on various segments of the entertainment industry.<\/div><div>It concluded that a combined Paramount+ and HBO Max would create a stronger alternative to larger streaming services, and increase competition in a way that would benefit consumers.<\/div><div>The deal is unlikely to \u200bharm the traditional television business, where \u200bthere is vigorous competition for live \u2060sports, news and political commentary, the DOJ found.<\/div><div>The theatrical business is similarly seeing more robust competition, as Paramount and Warner Bros compete not only with traditional Hollywood rivals, but with smaller independent studios such as A24 and newcomers such as \u200bApple and Netflix, which have signaled continued interest in theatrical releases, wrote the DOJ.<\/div><div>Since the deal was announced, theatrical \u200bproduction has increased, it \u2060found.<\/div><div>The DOJ dismissed comparisons to the $71 billion merger of Walt Disney and Twenty-First Century Fox, which closed in 2019, a year before the COVID-19 outbreak triggered dramatic changes in audience consumption patterns. Disney has substantially increased its spending on content in the years since, the DOJ found.<\/div><div>However, several in Hollywood &#8211; including actors, directors, writers and producers &#8211; have \u2060expressed concern \u200bthat the merger would result in fewer jobs and less diversity of storytelling.<\/div><div>California, New York and \u200bother U.S. states are preparing a lawsuit to block the deal, sources familiar with the matter told Reuters last week.<\/div><div>California Attorney General Rob Bonta posted on X that the proposed merger of Warner Bros \u200band Paramount &#8220;remains under investigation by my office.&#8221;<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Jody Godoy\" class=\"wp-image-1122\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/a4635fd8a22abd6b9190e06ffb07c49d.avif\"\/><\/figure>\n<\/noscript><\/div><div>Jody Godoy<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1818\">Anthropic disables top-tier AI models after US order limiting foreign access<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1815\">Main provisions of the 2015 Iran nuclear deal abandoned by Trump<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1813\">Exclusive: US forces shoot down Iranian attack drones, source says<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The U.S. Justice Department&#8217;s Antitrust Division said it has cleared Paramount \u200bSkydance Corp&#8217;s planned $110 billion acquisition of Warner Bros. Discovery , saying it was unlikely to harm competition or consumers.<\/p>\n","protected":false},"author":1,"featured_media":1819,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[30,108,17,78],"class_list":["post-1822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-corporate-counsel","tag-deals","tag-public-policy","tag-regulatory-oversight"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US Justice Department clears Paramount&#039;s acquisition of Warner Bros - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=1822\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Justice Department clears Paramount&#039;s acquisition of Warner Bros - Reliable Moving Crews\" \/>\n<meta property=\"og:description\" content=\"The U.S. Justice Department&#039;s Antitrust Division said it has cleared Paramount \u200bSkydance Corp&#039;s planned $110 billion acquisition of Warner Bros. 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