US Justice Department Permits Paramount’s Pitched Pickup of Warner Bros Discovery
The U.S. Justice Department has given the green light to Paramount Global’s proposed acquisition of Warner Bros. Discovery, concluding that the deal will not diminish competition in the media sector. Regulators highlighted that the combined entity would create a robust alternative in the video‑streaming market, while existing live‑programming and film‑studio competition remains strong. The merger is slated to close in Q3 2026, with Paramount offering a 25‑cent per‑share quarterly fee and a $7 billion termination penalty if the transaction fails. European and UK antitrust reviews are still pending.
Michael Becomes Highest-Grossing Music Biopic in History
The Antoine Fuqua‑directed Michael Jackson biopic *Michael* has amassed $911.9 million worldwide, eclipsing *Bohemian Rhapsody* as the highest‑grossing music biopic ever. It also posted the biggest opening‑weekend for the genre and ranks as the second‑highest‑grossing film of 2026, trailing only *The Super Mario...
DOJ Signs Off on Paramount–Warner Bros., But States Signal Antitrust Fight
On June 12, 2026, the U.S. Justice Department approved Paramount’s acquisition of Warner Bros., concluding the merger would not substantially lessen competition in traditional television markets. However, California, New York and several other states are preparing independent antitrust challenges, creating a...
‘Obsession’: World’s Love Affair With Curry Barker Pic Nears $300M; Scares Away ‘Blair Witch Project’ As Top Grossing Fest Acquisition...
The horror‑thriller *Obsession* has amassed a $286.5 M global box‑office, eclipsing the $248.6 M record set by *The Blair Witch Project* as the highest‑grossing film ever bought at a festival. Focus Features acquired the $750 K‑budget title for more than $15 M after its...