According to Lehman, Paramount’s megadeal to merge with WBD “is quite straightforward: We believe the transaction should be reviewed on the merits. And on the merits, the transaction is procompetitive.”
Lehman continued, “Most importantly, a Paramount Skydance/Warner Bros.
Discovery transaction is all about increasing the amount of content released in theaters and streaming platforms. This increase in content will create competition and greater demand for creative talent. We want customers in theaters, where they can experience the full moviegoing experience, and the increased number of theatrical releases that the combined company will generate will provide our streaming platform with an impressive array of content that will check the dominance of rivals like Netflix.”
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