Paramount CEO confident on Warner Bros. merger — as actors like Benedict Cumberbatch, Alan Cumming call for UK to block it

Paramount CEO David Ellison said Monday that he’s “highly confident” his company will win its antitrust case and merge with Warner Bros. Discovery — as actors…

Published

Source: New York Post

# Paramount CEO confident on Warner Bros. merger — as actors like Benedict Cumberbatch, Alan Cumming call for UK to block it

Paramount CEO David Ellison said Monday that he’s “highly confident” his company will win its antitrust case and merge with Warner Bros. Discovery — as actors Benedict Cumberbatch, Alan Cumming and Benedict Wong push the UK government to block it.

Ellison told staffers in a note obtained by The Post that Paramount, home to CBS, Paramount Pictures, MTV and Nickelodeon, has complied with antitrust laws, citing various clearances from different regulatory bodies and governments.

“Over the past several months, our leadership team and legal partners have worked closely with antitrust and competition authorities around the world,” he said. “As a result regulatory bodies and governments representing 65 jurisdictions — including the European Commission, Australia, China, the US, Germany, France, Spain, Canada and South Korea — have either cleared the transaction or elected not to challenge it on cometition and/ or foreign direct investment grounds.”

Paramount CEO David Ellison told staffers that he’s “highly confident” his company will prevail in its antirust lawsuit.