Paramount has reached a settlement with the US states in a lawsuit challenging its $110bn merger with Warner Bros
BBC21 Sept
The details of Paramount’s deal with 12 states settling their antitrust case — paving the way for its takeover of Warner Bros. Discovery, the biggest merger in Hollywood history — have been revealed. Among the top-line items: Paramount is agreeing to keep its operations in California and has committed to not sell the Paramount Studios […]
Variety•Todd Spangler21 Sept
A person familiar with the matter told The Associated Press that Skydance-owned Paramount has reached a settlement with a group of state attorney generals that had sued to challenge the company’s buyout of Warner Bros
ABC News21 SeptDavid Ellison's Paramount Skydance has settled the lawsuit that was stopping its $110 billion merger with Warner Bros. Discovery.
The primary group mobilizing opposition to the Paramount-Warner Bros. Discovery merger condemned the state attorneys general settlement of their antitrust lawsuit to block the transaction. Just minutes before California Attorney General Rob Bonta was to appear at a press conference to announce the details of the settlement, the Block the Merger Coalition put out a […]
Deadline•Ted Johnson21 Sept
California Attorney General Rob Bonta is expected to reveal details of the settlement agreement between Paramount and 12 state attorneys general over the pending $111 billion merger with Warner Bros. Discovery. You can watch the livestream above. The road to a resolution has been fraught. Bonta abruptly canceled a negotiation session with Paramount in late […]
Deadline•Denise Petski21 Sept
States including California and New York sued over concerns of ‘extinguishing competition’ with $81bn merger Paramount has reached a settlement with California and several other states that sued over a proposed $81bn merger with Warner Bros Discovery ( WBD ), according to reports on Monday, clearing the way to consolidate some of Hollywood’s most recognizable TV networks and studios under one owner. Though the merger was approved by the justice department in June, a coalition of 12 states, led by California, had sued over concerns that combining two of the five last legacy studios in Hollywood would “extinguish competition” and lead to fewer movies in theaters and on streaming platforms. Continue reading...
The Guardian•Gaya Gupta and Uwa Ede-Osifo21 Sept
Paramount's owners have made concessions to 12 Democratic state attorneys general to settle a lawsuit that endangered the media company's bid for its larger Hollywood rival, Warner Bros. Discovery.
NPR•David Folkenflik21 Sept
Studio will not divest assets and will keep operations in California under terms that could be announced today
Paramount was threatening to bolt California just days ago ... but now it sounds like it reached a settlement that could save its massive Warner Bros. Discovery takeover and keep the studio rooted in place. Bloomberg reports Paramount Skydance…
TMZ•TMZ Staff21 Sept
Paramount Skydance has reached a settlement with California and other states suing to block its $110 billion merger with Warner Bros Discovery, Bloomberg News reported on Monday, citing a person familiar with the matter.
Paramount has settled an antitrust lawsuit brought by a dozen State Attorneys General led by California’s Rob Bonta, the last obstacle to closing its acquisition of Warner Bros. Discovery, Deadline has confirmed. Details were scant but there will be concessions. The deal should be formally announced later this morning. Deadline hears that Paramount has agreed […]
Deadline•Jillg36621 Sept
The deal allows Paramount to close the megamerger, which will create a powerhouse in entertainment and media.
The Hollywood Reporter•Alex Weprin21 Sept
The deal would remove the last significant hurdle the media mogul David Ellison faced to create a news and entertainment empire, home to movie studios, HBO, CBS and CNN.
The New York Times•Benjamin Mullin, David McCabe, Shawn Hubler and Laurel Rosenhall21 Sept
The antitrust lawsuit threatened to delay Paramount's acquisition until mid-2027 and to cost the company hundreds of millions of dollars in fees.
Paramount has reached a deal with 12 state attorneys general that removes a major obstacle to closing its acquisition of Warner Bros. Discovery. The deal comes just before the company was to begin accruing a $7 million daily “ticking fee” on Oct. 1, which was seen as an important milestone in the case. Bloomberg was […]
Variety•Gmaddaus21 SeptThe merger reshapes the media landscape, intensifying competition among major players and potentially altering content distribution dynamics.
CryptoBriefing•Editorial Team21 Sept
Paramount and California's attorney general have discussed a range of concessions in advanced settlement negotiations
EXCLUSIVE: As Hollywood prepares to celebrate Yom Kippur at sundown tonight, a framework for a settlement of the antitrust suit hampering Paramount’s $111 billion acquisition of Warner Bros Discovery has hit some political potholes on the way to what some hoped would be a quick deal. Four of the 12 Attorneys General that took the […]
Deadline•Dominic Patten21 Sept
On Sunday, settlement talks between Paramount and the state attorneys general that sued to block its Warner Bros. Discovery deal continued — but there was no resolution by the end of the day. But while California Attorney General Rob Bonta, who is leading the 12-state coalition’s antitrust litigation, is said to be open to considering […]
Variety•Todd Spangler21 Sept