00:00And we are here in Los Angeles, the beating heart of America's film and TV industry, and I'm here to
00:08announce a settlement that our coalition of attorneys general has reached with Paramount that resolves the antitrust concerns at the
00:17heart of our lawsuit against the company and Warner Brothers.
00:20This is a court-enforceable settlement that addresses those concerns by providing more film production that protects Hollywood workers and
00:30their livelihoods that places guardrails, allowing for robust cable negotiations that protects competition and creates more choice for consumers about
00:42what this merger could mean for the industry.
00:48I want to be clear about something right up front.
00:53This settlement is not a vote of support for this merger.
00:59It is not a blessing of the broader merger.
01:03Broadly speaking, we believe further consolidation in markets that are central to American economic life doesn't serve the American economy,
01:12consumers, or competition well.
01:16Our record addressing mergers and consolidations, market concentrations that we are currently engaged in and have we have been engaged
01:25in in the past is proof positive of that, and that work will continue.
01:30But as I've said before, and I'll say again, I'm always willing to come to the table for honest, good
01:37faith negotiations.
01:38And when we can find a strong solution that protects com.
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