California AG cancels planned meeting over Paramount-Warner Bros. merger

Aug. 24 (UPI) — California Attorney General Rob Bonta said he canceled a planned sit-down meeting with Paramount to discuss the company’s attempt to merge with Warner Bros. Discovery after details from an earlier meeting leaked.

Bonta accused Paramount of acting in bad faith in a statement issued Sunday night to The New York Times and Deadline.

“Not only did Paramount leak the alleged substance of settlement discussions, but they misrepresented these discussions, demonstrating a lack of good faith,” he said. “As soon as Paramount stops playing games and engages sincerely, my office is happy to meet again.”

Bonta is one of 12 attorneys general who sued in July to block the proposed $111 billion merger of Paramount and Warner Bros., saying it would undermine competition in the entertainment industry, increase costs for consumers and put jobs at risk.

The lawsuit came one month after the Justice Department approved the planned merger, saying it doesn’t harm consumers in the United States.

State officials met with Paramount representatives on Friday to set the agenda for Monday’s scheduled meeting. California Gov. Gavin Newsom confirmed the meeting happened Friday, Deadline reported. The entertainment news outlet said it learned of the meeting from multiple sources.

The Times reported that state officials and Paramount representatives sought to work toward negotiations after the company threatened to leave California and Newsom said he wanted a settlement in the case.