On Friday, Paramount Skydance’s lawyers headed north to a federal court in Oakland for the first public defense of the David Ellison–led studio’s $110 billion takeover of Warner Bros. Discovery. The judge in the case, Araceli Martínez-Olguín, is deciding whether to temporarily block the merger from closing on behalf of California and 11 other states, who argue that the deal illegally constrains three specific markets: wide-release movies in theaters, the release of so-called “blockbuster” films, and the distribution of cable TV networks.
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