Ari Emanuel Urges State AGs to Drop Paramount-Warner Bros. Merger Lawsuit

WME Group and TKO Group Holdings CEO Ari Emanuel is urging a group of 12 state attorneys general to drop their antitrust lawsuit against the pending $110 billion Paramount-Warner Bros. Discovery merger. In a new op-ed with the Wall Street Journal, Emanuel argued that states' effort is "threatening to destroy" competition in Hollywood. He noted that their "trash" antitrust case "doesn't remotely reflect reality" by ignoring some of the fastest-growing competitors in the theatrical market, such as Amazon, A24, Lionsgate and Netflix. He also said that Paramount is competing for . . .