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Stock impact report

Despite WBD Approval Of Paramount Merger, Hollywood Continues Battle [Forbes]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Forbes
But despite that news, a coalition of First Amendment advocates, unions, democracy defenders and Hollywood actors and directors have vowed to continue fighting final approval of the merger. The Democracy Defenders Fund , which is spearheading the opposition campaign, including an open letter which has grown to over 4,000 names, released the following statement following the shareholder vote: “A-list stars, professionals from every corner of the film and entertainment industry, elected officials, and concerned citizens have made their voices heard: the Paramount-Warner Bros. Discovery merger must be stopped. And it can be. Since launching, our campaign has quadrupled in size with calls for action by state attorneys general amplified by celebrities, legal experts, and elected officials alike. Even today, WBD's shareholder vote showed cracks in their armor when they voted down CEO David Zaslav's exorbitant golden parachute package. The momentum is on our side, and it will continue t Show less Read more
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