Warner Bros. Discovery sues Paramount over ‘South Park,’ WSJ reports

Warner Bros. Discovery (WBD) is suing Paramount Global (PARA) after paying $500M for exclusive streaming rights to new "South park episodes" only for Paramount to put new content on its streaming services Paramount+, Joesph Pisani of The Wall Street Journal reports. The lawsuit was filed Friday in the New York State Supreme Court and details how Warner Bros. Discovery paid over $500M in 2019 to have exclusive streaming rights to stream new and existing "South Park" episodes on HBO Max until 2025. The company alleges that Paramount breached its contract to prop up its own streaming service, Paramount+, at the expense of HBO Max. The company did not say how much money it is seeking in the lawsuit, but said it has damages of more than $200M. Reference Link