US sends subpoenas in Warner-Paramount antitrust review as probe picks up steam

The U.S. Department of Justice is investigating Paramount Skydance's acquisition of Warner Bros Discovery. Subpoenas have been sent as part of the inquiry into the $110 billion deal, which would merge major studios and their streaming services. This acquisition could potentially lead to job losses and costs Paramount $7 billion if blocked. The DOJ is focused on the impact of the deal on studio output, content rights, competition among streaming services, and movie theaters. Paramount's Chief Legal Officer anticipated reviews from various authorities.