00:00A coalition of 12 states has filed suit to stop the proposed merger between Paramount and Warner Brothers Discovery,
00:06arguing the deal could give the combined company excessive control over entertainment and media markets.
00:13State officials contend the merger could reduce competition, increase consumer costs, and limit choices for viewers and advertisers.
00:20The companies maintain the transaction as necessary to compete in a rapidly changing streaming landscape.
00:26The lawsuit sets the stage for another high-profile antitrust fight over the future of media.
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