Skydance Halts Warner Bros. Deal Amid Legal Pushback | Venice Beach News

Skydance’s $111 billion bid to buy Warner Bros. Discovery is on hold until mid-August as 12 states push back, citing antitrust concerns and warning of job losses and market harm — even Hollywood stars like Ben Stiller and Joaquin Phoenix are voicing alarm. Paramount counters that a pause isn’t needed, stressing the financial toll of delays and arguing the states haven’t proven competition will suffer. A judge’s decision on a restraining order is expected Wednesday — and this could be the first of many legal battles reshaping Hollywood’s future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/58058d02f65fb269