Movie studio Paramount on Monday agreed to settle an antitrust lawsuit filed by 12 states, the last big obstacle blocking the company’s $81 billion acquisition of Warner Bros. Discovery in a deal that would transform the movie industry landscape. In the settlement, which still needs to be approved by a judge, Paramount agreed to terms including
Paramount Skydance has settled a lawsuit with dozens of US states, removing a major hurdle to its $110bn (£82.8bn) merger with Warner Bros Discovery. California Attorney General Rob Bonta told a news conference that state officials agreed to terms after securing commitments to protect competition across film and television, and broadcasting. Still, “the settlement is
David Ellison‘s endgame is in sight. Following a dramatic weekend of negotiations with a collection of state attorneys general and the WGA, the mogul’s path to combining Paramount Skydance and Warner Bros. Discovery is now clear. In a Monday address to staff, Ellison said his team’s goal is to “close in approximately two weeks. That
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
The Writers Guild of America East and Writers Guild of America West have settled their lawsuit to block the proposed merger of Paramount Skydance and Warner Bros. Discovery per a statement released by the organization Monday. The settlement comes following the news that Paramount has reached a deal with 12 state attorneys general, removing a
Warner Bros. TV Group isn’t acting like a studio with an uncertain future. Even as the fate of Warner Bros. Discovery remains up in the air — given the uncertain timeline of a Paramount Skydance acquisition — the studio has been on a development and production spree in recent months. This summer the division, under
