Americans are skeptical that the proposed purchase of Warner Bros.-Discovery by Paramount Skydance would benefit them, according to the latest Media & Technology Survey from the Communication Research Center at Boston University’s College of Communication.
The $110 billion acquisition was approved in June by the U.S. Department of Justice but put on hold by Paramount citing a lawsuit brought by 12 state attorneys general.
Critics argue that such a merger, bringing together two major movie studios, CBS, CNN and HBO under one roof, would harm consumers and people who work in the industry – and the survey suggests a majority of Americans share these worries.