David Ellison’s Paramount Skydance has cleared the last major hurdle to closing its $110 billion merger with Warner Bros. Discovery. Paramount has settled the lawsuit brought by 12 states, California’s Attorney General Rob Bonta announced on Monday. A key part of the settlement: Bonta said Paramount agreed to release 30 movies in theaters each of
Paramount Skydance has agreed to pause its megamerger with Warner Bros. Discovery until five days after the antitrust cases are resolved, or until June 1, 2027, whichever comes first, the company said Friday. Paramount faces an antitrust lawsuit from 12 U.S. states and a legal challenge from the Writers Guild of America. This decision means
