Photo credit: Variety
Monday, ** it was announced** that Paramount Skydance has reached a settlement of the lawsuit by a group of blue states that was blocking its acquisition of Warner Brothers. Four states were holding out for more demands, but reportedly gave in when California did.
California Attorney General Rob Bonta was being justifiably lambasted for the lawsuit, which had Paramount threatening to move to another state (a report circulated of Realtors in Nashville looking for homes for its executives.) That would have dealt a virtual death blow to the entertainment industry in Hollywood, costing over 50,000 jobs.
Some Democrats, such as Sen. Elizabeth Warren, were urging no settlement of the lawsuit. You might recall that it was the combination of Warren and Bonta’s economic ignorance that blocked the Spirit Airlines merger, sending that company into bankruptcy with devastating results for its employees and stockholders. We guess Warren figured she could do endless damage and not be voted out of office, but Bonta must not feel as secure.
Incidentally, the deal includes an agreement to appoint “independent editorial boards” for CBS and CNN, to prevent the corporation from directing their news decisions. We’ve heard the phrase “independent editorial board” enough times to know what that means: More leftists posing as journalists slanting the news. We’ve recently seen the wholesale mutiny at CBS over the barest attempts to make them act like objective journalists, so we assume that if CNN had been forced to do that, it would have led to mass resignations of the people already there, and what a tragedy for America that would be.
RELATED: Upon taking office for his second term, President Trump announced that he was appointing Sylvester Stallone, Jon Voight and Mel Gibson as his special ambassadors to Hollywood, to be his “eyes and ears” there and advise him on efforts to bring TV and film production back to the US.
** At the link**, Stallone reveals that he only learned about this while watching TV, and why his response was, “Thank you and ciao, because it’s impossible.”
