Bipartisan Report: More Competition, More Consumer Benefits, and More Jobs: Why the Paramount-Warner Bros. Merger Deserves Approval

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Stephen Moore and Robert Wolf say the transaction would strengthen competition, support American jobs and provide consumers with a stronger entertainment alternative WASHINGTON, July 9, 2026 /PRNewswire/ -- Stephen Moore, former senior economic adviser to President Donald Trump and Chairman of Unleash Prosperity, and Robert Wolf, who served as CEO and chairman of UBS Americas, is the founder of 32 Advisors, and served as an economic adviser to President Barack Obama on the Economic Recovery Advisory Board and Jobs Council, today released a new report concluding that the proposed Paramount–Warner Bros. Discovery merger would strengthen competition, expand consumer choice and better position Hollywood to compete with the world's largest technology-backed platforms. The bipartisan report, "More Competition, More Consumer Benefits, and More Jobs: Why the Paramount–Warner Bros. Merger Deserves Approval," provides an economic and antitrust analysis of the transaction. It finds that combining Paramount and Warner Bros. Discovery would create a better-capitalized American entertainment company capable of investing in additional content, streaming technology, theatrical releases and production-related jobs. "The entertainment industry is undergoing one of the most dramatic transformations of any sector in the American economy," said Stephen Moore. "Paramount and Warner Bros. are competing every day against Netflix, Amazon, Apple, Disney, YouTube, TikTok and other enormously well-capitalized global platforms. Bringing these companies together would create a stronger American competitor capable of investing in more content, more innovation and more jobs." "Our analysis indicates that the Paramount–Warner Bros. Discovery merger would strengthen the combined company's ability to compete in a media market increasingly shaped by large technology-backed platforms," said Robert Wolf. "Greater scale should support additional investment in content and streaming technology, provide consumers with a stronger entertainment option and help sustain film and television production." The report's principal findings include:

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