Paramount Delays Warner Bros. Discovery Merger Until Antitrust Case Moves Forward

Paramount has agreed to delay closing its acquisition of Warner Bros. Discovery until a federal antitrust trial brought by a coalition of state attorneys general concludes or June 1, 2027, whichever comes first. The delay removes the possibility of completing the merger before litigation reaches substantive trial, with state regulators arguing the combination would reduce competition in theatrical distribution and cable television.