Paramount-Warner Merger Opponents Misread Movie Market, WSJ Argues

A Wall Street Journal opinion piece argues that opponents of the proposed Paramount-Skydance-Warner merger are defining the movie market incorrectly. The author contends that by focusing narrowly on theatrical releases, state attorneys general and the judge blocking the deal are clinging to a bygone era, akin to Norma Desmond. Similarly, Hollywood union opponents who worry the merger could reduce big-screen premieres are also misguided. The piece suggests that the relevant market has shifted beyond traditional theatrical distribution, implying that antitrust concerns based on that narrow view are outdated.