00:00It's been the start of every show for the past month, and that is Warner Bros. Discovery.
00:05Is this the last we're going to talk about it, that now they're doing a deal with Paramount and Netflix
00:09has backed off?
00:10I mean, I really thought that you and I would be talking about this every week until, like, November,
00:14but it does seem like this is the end of it.
00:17Of course, Paramount's not out of the woods just yet.
00:20They still have to get regulatory approval for this deal.
00:23The DOJ has kind of signaled that they're going to clear it,
00:26but it still has to clear hurdles in Europe, in the U.K., and then there's state AGs.
00:31California in particular has said, we're still investigating this, not so fast, Paramount.
00:36And there is precedent for state AGs to sue to block deals, so there is a chance it gets held
00:41up.
00:41Paramount has promised that it will pay $7 billion if the deal gets blocked on regulatory grounds,
00:46so they clearly are confident that it's going to get through, but you never know with a situation like this.
00:52I was going to say, at least from the FCC, maybe not the local authorities or internationally,
00:55it seems like they are pretty happy with this deal. Is that fair to say?
00:58Exactly. And the FCC and the DOJ in this Trump administration have been pretty on board
01:03with all the deals that have been proposed.
01:05It's not too surprising, but again, that wild card will be the state AGs and what they plan to do.
01:11Thank you very much.
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