美国12个州提起诉讼 阻止派拉蒙1100亿美元收购华纳兄弟探索Twelve US States Sue to Block Paramount's $110 Billion Acquisition of Warner Bros. Discovery

加利福尼亚州等12个美国州已正式向位于奥克兰的联邦法院提起诉讼，寻求通过法律途径阻止派拉蒙全球对华纳兄弟探索的收购案。这起涉及金额高达1100亿美元（约合962亿欧元）的巨额交易，创下了好莱坞历史上有史以来规模最大的合并纪录。起诉方各州联合提交的诉状指出，该交易一旦完成，将对行业竞争格局以及消费者的切身利益产生深远的影响。

Twelve US states, with California leading the coalition, have officially filed a lawsuit in the Oakland federal court to halt Paramount Skydance's proposed acquisition of Warner Bros. Discovery. Valued at $110 billion (€96.2 billion), the transaction stands as the largest-ever merger in the history of Hollywood. The states filed the legal challenge to prevent the consolidation, asserting that the massive deal would have significant consequences for industry competition and consumer interests.

此次诉讼是在美国司法部对该交易做出无条件批准决定后发起的。起诉方各州选择在此时通过司法渠道进行干预，旨在保护电影院线并防止美国娱乐产业受到潜在的实质性损害。作为好莱坞历史上最大规模的整合尝试，这起诉讼的最终走向将直接关系到这两家娱乐巨头能否顺利完成合并，并对整个美国影视制作与发行市场的未来格局产生重要影响。

The legal action was initiated in federal court following the unconditional clearance of the transaction by the US Department of Justice. By intervening through the court system, the coalition of twelve states aims to shield movie theaters and safeguard the broader American entertainment industry from projected damage. As the largest merger attempt ever seen in Hollywood, the outcome of this lawsuit will determine whether the two entertainment giants can proceed with their consolidation.

在这起诉讼中，起诉方各州对这笔巨额交易提出了严厉指控。加利福尼亚州总检察长罗布·邦塔指出，派拉蒙与华纳兄弟探索的合并是“非法的”，将直接导致观众面临“更高的价格、更低的质量和更少的内容”。邦塔强调，两家巨头的合并将对整个美国娱乐产业造成破坏，并对电影院线产生负面影响，使观众在沙发上或电影院座位上都能切身感受到这一非法合并带来的冲击。

In the lawsuit, the plaintiff states present a detailed challenge against the massive transaction. California Attorney General Rob Bonta, who is leading the legal action, characterized the merger of two of Hollywood's last five legacy studios as "unlawful." Bonta emphasized that the consolidation would directly result in "higher prices, lower quality, and less content" for audiences, warning that viewers on every sofa and in every movie theater seat would feel the negative impacts of this unlawful merger.

起诉方认为，该交易涉及好莱坞仅存的五大传统制片厂中的两家，其合并将“消灭竞争”并抬高电影和电视领域的消费价格。尽管美国司法部此前做出了无条件批准的决定，但起诉方各州坚称，必须通过法律手段阻止这一合并，以防止其损害美国娱乐产业的健康发展并保护消费者的切身利益。

The plaintiffs argue that the deal would "extinguish competition" and raise consumer prices across both the film and television sectors. They contend that the transaction would harm movie theaters and damage America's broader entertainment industry. Despite the US Department of Justice's prior decision to clear the acquisition without conditions, the coalition of twelve states maintains that legal intervention is necessary to protect consumers and preserve market competition.

在12个州提起此次联合诉讼之前，该交易已经顺利通过了联邦层面的反垄断审查。美国司法部此前对派拉蒙与华纳兄弟探索的合并案给予了无条件批准，直接为这笔巨额交易发放了绿灯。司法部在审查后得出结论，认为该收购案不太可能对市场竞争产生实质性损害，也不会对广大消费者带来不利影响。

The legal challenge from the twelve states comes after the transaction had already secured clearance at the federal level. The US Department of Justice previously green-lighted the merger between Paramount and Warner Bros. Discovery without imposing any conditions. Following its regulatory review, the federal agency concluded that the multi-billion-dollar acquisition was unlikely to harm competition or negatively impact consumers.

尽管联邦监管机构做出了不予干预的决定，但以加利福尼亚州为首的各州总检察长显然持有不同看法。他们选择在联邦法院提起诉讼，表明地方州政府在反垄断执法上独立于联邦司法部的态度。这一法律行动表明，即使联邦政府选择放行，各州依然可以联合起来，以保护本地消费者和娱乐产业免受潜在垄断危害为由，对好莱坞巨头的合并案发起强力挑战。

Despite the federal government's decision to allow the transaction to proceed, state prosecutors led by California have chosen to pursue their own independent legal path. By filing the lawsuit in federal court, the coalition of states has demonstrated their willingness to challenge major media consolidation even when federal regulators decline to intervene, aiming to protect local moviegoers and their regional entertainment economies from potential monopolistic harm.

这起诉讼直接对派拉蒙首席执行官大卫·埃里森（David Ellison）的雄心构成了挑战。埃里森一直致力于通过这笔巨额交易，将自己的媒体公司打造成为能够与网飞（Netflix）和迪士尼（Disney）并驾齐驱的行业巨头。然而，12个州的联合起诉让这一扩张计划面临变数，使派拉蒙在流媒体和传统影视领域的战略转型蒙上了阴影。

The legal challenge directly confronts the strategic ambitions of Paramount CEO David Ellison, who has sought to transform his media company into a major industry powerhouse capable of competing with Netflix and Disney. By attempting to block the acquisition, the coalition of twelve states has placed a significant obstacle in the path of Ellison's expansion plans, threatening to disrupt Paramount's efforts to reshape its position in the global entertainment market.

此外，该交易涉及好莱坞仅存的五大传统制片厂中的两家。起诉方各州认为，将这两家大型实体进行整合会削弱市场竞争，并限制观众的选择。随着法律诉讼在联邦法院推进，派拉蒙能否在面临地方州政府强力阻击的情况下，实现其抗衡行业巨头的计划，依然存在不确定性。

The dispute also highlights the shifting landscape of Hollywood, as the proposed transaction involves two of the industry's last five legacy studios. Plaintiffs argue that consolidating these major entities would severely limit market options and diminish competition. As the legal battle unfolds in federal court, the future of Paramount's grand strategy to rival established streaming and theatrical giants remains highly uncertain.