On Monday local time, U.S. Judge Araceli Martínez-Olguín issued a preliminary injunction halting the merger process between Paramount and Warner Bros. A coalition of multiple states argued that the dealmergerwould violate federal antitrust laws and lead to higher prices for streaming services and a reduction in the supply of film and television content. The judge issued the ruling last Friday following oral arguments from both sides. Previously, Paramount had voluntarily committed not to close the transaction before July 22.