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Stock impact report

CBS wins a temporary reprieve in ‘Wheel of Fortune,' ‘Jeopardy' fight with Sony [Los Angeles Times (CA)]

Sony Group Corporation American Depositary Shares (SONY) 
On Wednesday, three California appellate judges signed an order that paused last week's ruling by a lower court judge, which stripped CBS of its distribution duties for the iconic shows. The Los Angeles judge had ruled that Sony didn't need to provide additional episodes of the shows to CBS so it could distribute them to television stations around the country. That ruling is “stayed pending further order of this court,” the judges said in a signed order. The panel gave Sony until April 28 to respond. Last week, Los Angeles Superior Court Judge Kevin Brazile ruled that Sony Pictures Television had the right to take over distribution of its game shows “Jeopardy!” and “Wheel of Fortune” from longtime partner CBS. Sony terminated its distribution deal with CBS in August and later filed a breach-of-contract lawsuit that claimed the Paramount Global-owned broadcaster entered into unauthorized licensing deals for the shows and then paid itself a commission. Sony also maintained that Show less Read more
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