ICYMI– Issa Urges Newsom, Bonta Not to “weaponize antitrust law” to Oppose Paramount Merger
WASHINGTON, D.C. — This weekend, Congressman Issa (CA-48) sent a letter to Governor Gavin Newson and California Attorney General Rob Bonta, urging impartial review as the State prepares to file a lawsuit blocking the merger of Paramount Skydance and Warner Brothers Discovery.
“For at least a decade, film and television production has fled the state once synonymous with the motion picture, television, and digital industries,” said Rep. Issa. “The result has been the loss of tens of thousands of California jobs and the wholesale relocation of studios, facilities, and related businesses that built our entertainment economy.”
“The public record is that the regulatory authorities of more than two dozen nations around the world – including Australia, Brazil, Canada, New Zealand, and South Africa – have formed a global consensus that this merger is pro-competition,” continued Issa. “The backers of the merger have publicly pledged significant new investment in production, including a commitment to annually release 30 or more films per year and prioritize domestic production for both film and television.”
Rep. Issa’s letter to Governor Newsom and AG Bonta can be found here.
###
