A court just froze Paramount's attempt to buy Warner Bros.
A federal judge just slammed the brakes on one media titan eating another before they turn multiplexes into a complete monopoly.
A coalition of twelve states stepped in and declared absolute nonsense on Paramount absorbing Warner Bros. A federal judge agreed, pointing out that letting two of Hollywood's biggest studios morph into a single mega-entity gives them way too much control over movie theater screens.
State attorneys general warned that merging the studios would lead to higher movie ticket prices, inflated cable bills, and a massive drop in original films. For once, regulators aren't just letting corporate giants smash together like action figures.
Hollywood executives might actually have to make good movies instead of just buying up the competition.
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