Author: Michael

Paramount Skydance filed an answer to 12 states’ lawsuit against its pending acquisition of Warner Bros. Discovery, arguing that the combined companies will “enhance competition” by yielding “more high-quality content in theaters and on cable” as well as “a better combined streaming offering” to compete against Netflix, Disney and Amazon. The legal response, submitted Friday, provides a preview of the arguments that Paramount Skydance intends to employ in defending the proposed merger in the lawsuit. That includes the studios’ publicly repeated line of reasoning that the combined companies will have an increased investment in content, more than they would as…

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