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Enforcement ActionLow RiskMultistate

Oregon AG Secures Temporary Restraining Order to Block Warner Bros./Paramount Merger

Paramount Skydance CorporationJuly 20, 2026Oregon Attorney General

Summary

Oregon Attorney General Dan Rayfield secured a temporary restraining order blocking Paramount Skydance Corporation's proposed $110 billion acquisition of Warner Bros. Discovery. The lawsuit, joined by 11 other state attorneys general, alleges the merger would harm Oregonians through higher prices, lower content quality, and reduced competition in film and television distribution.

Remedy

A federal judge granted a temporary restraining order blocking the proposed $110 billion acquisition of Warner Bros. Discovery by Paramount Skydance Corporation, pending further litigation.

Injunction

Contract Impact

In-house legal teams should review vendor and customer agreements for change-of-control and assignment provisions that could be triggered by a merger of this magnitude. Content distribution agreements with theaters and cable distributors should be examined for anti-competition clauses, exclusivity terms, and pricing protections. Any contracts with Paramount or Warner Bros. should be audited for merger-related termination rights or renegotiation triggers.

Contract Search Terms

merger clausechange of controlassignment provisioncompetition clauseanti-trust compliancemarket concentrationcontent distribution agreementtheater licensing agreementcable channel distribution

Violation Types

Entity Details

Entity

Paramount Skydance Corporation

Industry

Media & Entertainment

Multistate Coalition

11 other state attorneys general

Official Sources

Source Evidence

Entity Name
"Paramount Skydance Corporation"
Remedy Summary
"a federal judge granted a temporary restraining order blocking Paramount Skydance Corporation’s proposed $110 billion acquisition of Warner Bros. Discovery"
Is Multistate
"Attorney General Rayfield and a coalition of 11 other attorneys general filed a lawsuit"
Summary
"This proposed merger could mean real harm for Oregonians—for working families who will see higher costs and fewer options, for the small businesses and workers in our film and TV industry, and for our local movie theaters"

Related Enforcement Actions

CO

Paramount Skydance Corporation

Colorado Attorney General Phil Weiser joined a coalition of 12 attorneys general in settling a lawsuit against Paramount Skydance Corporation over its merger with Warner Bros. Discovery, which the states alleged would harm competition by lowering film output and raising prices. The settlement includes a five-year commitment to increase film output, a $1.5 billion investment in domestic production, a $47.5 million worker fund, and an independent monitor. This is an antitrust/competition enforcement action, not a privacy enforcement action, despite the extraction schema's privacy focus.

OR

Paramount Skydance Corporation

$30.0M

Oregon and a coalition of state attorneys general settled their lawsuit challenging Paramount Skydance Corporation’s merger with Warner Bros. Discovery. The proposed, court-enforceable settlement sets film production and release commitments, cable negotiation restrictions, worker and independent-film funding, and a conditional $30 million payment for each missed film-output requirement.

CO

Paramount Skydance Corporation

Colorado Attorney General Phil Weiser announced that a stipulation filed in federal court stops Paramount and Warner Bros. from merging until the court rules on the merits or until June 1, 2027, whichever comes first. The action stems from a lawsuit filed by a coalition of a dozen state attorneys general challenging the proposed $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. A prior temporary restraining order had already halted the merger for 14 days.

CA

Paramount Skydance Corporation

A coalition of 12 state attorneys general, led by Colorado AG Phil Weiser, obtained a temporary restraining order from a federal court in California to halt the proposed $110 billion merger of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in film distribution, anticipated blockbuster film distribution, and licensing cable TV channels.

CT

Paramount Skydance Corporation

Attorney General Tong joined a coalition of 12 attorneys general in filing a lawsuit to block the proposed $110 billion merger of Warner Bros. Discovery and Paramount Skydance, alleging it violates Section 7 of the Clayton Act. The court granted a temporary restraining order halting the merger while it considers a preliminary injunction.

OR

Paramount Skydance Corporation

Oregon Attorney General Rayfield and a coalition of 11 other attorneys general filed a motion for a temporary restraining order and preliminary injunction to block the $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in theatrical film distribution and basic cable television licensing, which would lead to higher prices and reduced content quality for consumers.