Ruffalo Condemns $111 Billion Paramount-Warner Merger as Judge Clears Final Legal Hurdle
Updated
Updated · Fortune · Oct 2
Ruffalo Condemns $111 Billion Paramount-Warner Merger as Judge Clears Final Legal Hurdle
3 articles · Updated · Fortune · Oct 2
Summary
Hours after a federal judge approved Paramount’s settlement with 12 state attorneys general, Mark Ruffalo blasted the $111 billion merger on X and vowed the campaign against it would continue.
Sept. 30’s ruling removed the last legal obstacle to closing the deal, which is now days away after the states dropped their bid to block it outright.
The settlement requires at least 30 theatrical releases a year for two years, then 32 for three more, plus $300 million in added annual U.S. film production spending and a five-member CBS-CNN editorial board.
Paramount also said Mattel CEO Ynon Kreiz will join on Oct. 5 as co-CEO alongside David Ellison, while Ruffalo keeps arguing the deal threatens jobs, creativity and editorial independence.