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Ari Emanuel Blasts States’ ‘Trash’ Lawsuit Aimed at Blocking Paramount-Warner Bros. Merger, Claims It Threatens to ‘Destroy’ Competition
['Todd Spangler']
Variety
Hollywood powerbroker Ari Emanuel rallied to the defense of his friend and business associate David Ellison, claiming that the state attorneys general trying to block Paramount’s Warner Bros.
“You know an antitrust case is trash when it ignores some of the fastest-growing competitors in the market,” writes Emanuel.
The states allege the merged company would have an illegally dominant share in theatrical distribution and basic cable TV markets.
But Emanuel says the “real threat to competition” is if the states are successful in their antitrust litigation.
Bonta and the 11 other state attorneys general “should drop this case and get back to enforcing the laws as they are written.