12 States Sue to Block Paramount WBD Merger With Trial Set for March 2027
A 12-state coalition filed an antitrust complaint against the Paramount and Warner Bros. Discovery merger in July 2026, alleging the combined company would hold over 27% of wide-release theatrical distribution and more than 27% of basic-cable affiliate-fee revenue. California's attorney general has rejected Paramount's proposed behavioral remedies, insisting on structural separation of assets, while Paramount has requested a nearly $1.9 billion bond from the states to cover daily losses it estimates at $7 million once the September 30 deadline passes. With a federal trial scheduled to begin March 2, 2027, and a deal-expiration date of June 4, the litigation timeline leaves a narrow window for either a negotiated settlement or a court ruling before the merger lapses.