The U.S. Department of Justice has sent ​subpoenas in its investigation of Paramount Skydance’s acquisition of Warner Bros Discovery, three sources familiar with the matter told Reuters.

The ‌inquiries show the DOJ moving ahead with its probe into the $110 billion acquisition that would combine the two major studios, along with the companies’ streaming services and news operations. Hollywood and Wall Street are intensely interested in the high-stakes deal, which would bring together some of the entertainment industry’s most enduring franchises but deal a blow ​to film and television jobs.

The DOJ is seeking information on how the deal would affect studio output, content rights and competition ​among streaming services, the sources said. The DOJ is also asking how the acquisition could affect movie theaters, two ⁠of the sources said.

  • RagingRobot@lemmy.world
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    18 days ago

    Yeah I think matters like this might be best if you let the people vote on it. I’m pretty sure no one wants this. There are so many financial incentives for the people at the top and our own government that they couldn’t possibly be trusted to make fair decisions