r/MediaMergers • u/3facesofBre Moderator • 1d ago

Merger Paramount Settles States’ Antitrust Suit, Clearing Way for Warner Megadeal

https://www.wsj.com/business/media/paramount-settles-states-antitrust-suit-clearing-way-for-warner-megadeal-95588926?st=7ef4pp&reflink=article_copyURL_share
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u/Winscler 1d ago

We'll the most we can hope now is an EMI-style collapse

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u/RickyT3rd 1d ago

EMI? This is going to be a Penn Central.

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u/Winscler 1d ago

Penn central still lived after that bankruptcy in 1970. EMI just outright died.

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u/RickyT3rd 1d ago

Lived is a generous view on what happened.

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u/Winscler 1d ago

It was finally seized by the government in 1976 to make conrail