Paramount

Paramount Seeks Dismissal of Lawsuit Blocking Warner Bros. Deal

Paramount has filed a motion to dismiss a federal lawsuit led by five streaming subscribers aiming to block its $111 billion acquisition of Warner Bros. Discovery. The plaintiffs argue the merger violates antitrust laws. Paramount calls the lawsuit a 'clumsy attempt to politicize antitrust litigation.' The motion highlights the company's stance against what it views as baseless legal challenges to the deal.

Variety

Leaked 'Avatar' Movie Sparks Studio Crisis

A leaked copy of the next 'Avatar' installment caused significant concern at Paramount in April. The breach has led to an ongoing investigation, with authorities now arresting a 26-year-old hacker in Singapore. The individual is also linked to a previous cyberattack on the NFL. Evidence suggests the leak originated from a compromised screening company, raising questions about security vulnerabilities in the entertainment industry. The incident has intensified scrutiny over how studios protect their upcoming releases from unauthorized distribution.

The Hollywood Reporter — Movies

UFC's $60 Million Made-For-TV White House Gambit

Dana White, CEO of the UFC, is investing in a made-for-TV event inspired by a suggestion from President Trump, aiming to attract new fans to MMA and boost viewership for Paramount+. The unprecedented spectacle is part of a $60 million strategy to expand the sport's reach and visibility.

The Hollywood Reporter — Movies

Paramount Making 'Great Progress' on Warner Bros. Buy

Paramount reported year-over-year revenue and adjusted EBITDA growth in Q1 as it works to transform the assets it acquired last year. The company also stated it is 'making great progress' on its deal to acquire Warner Bros. Discovery, with a late Q3 target close still on track.

The Hollywood Reporter — Movies