California May Demand TV Channel Sales in Paramount-Warner Merger 

Paramount and California officials are expected to meet Monday to discuss possible ways to resolve the state's antitrust lawsuit.

Lawyers from both sides met Friday to prepare the agenda for Monday's meeting, including talks about Paramount's cable and movie businesses, according to The Wall Street Journal.

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Paramount, Warner Bros. Discovery, and the California Attorney General's office did not immediately respond to Reuters' requests for comment.

Last month, California and 11 other states sued to block Paramount's $110 billion acquisition of Warner Bros. They argued the deal could reduce competition in movie distribution and cable TV.

The states also said the merger could hurt theaters and TV distributors, raise prices for consumers, and reduce competition for workers' wages.

Paramount has said the deal would allow it to produce more content, not less. CEO David Ellison has also said the combined film studios would release 30 movies a year.

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