Rob Bonta, Facing Skeptics, Defends ‘Very Strong’ Paramount Deal

Rob Bonta defended the antitrust settlement that allows Paramount to merge with Warner Bros. on Monday, saying in a 45-minute press conference that the deal includes independent monitoring and will result in more jobs in Hollywood. But the deal does not include the three words — robust structural remedies — that California’s attorney general had […] Rob Bonta argued that the Paramount-Warner Bros. deal will be the 'opposite of Disney-Fox' but acknowledged it was not his preferred outcome. Bonta argues that settlement will result in more jobs and is 'the opposite of Disney-Fox' Rob Bonta defended the antitrust settlement that allows Paramount to merge with Warner Bros.

on Monday, saying in a 45-minute press conference that the deal includes independent monitoring and will result in more jobs in Hollywood. But the deal does not include the three words — robust structural remedies — that California’s attorney general had said was the goal since filing suit in July. And while he went to some lengths to argue that the deal represents a “strong” outcome, he also acknowledged it was not his preferred result. “I don’t think these two companies should merge,” he said. “But that’s not something that we are focused on with our resolution here.” Bonta