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Paramount, Warner Bros. Insiders Were Stunned by the Settlement With State AGs. Now They’re Girding for Inevitable Mass Layoffs

The general mood on both sides of the Warner Bros. Discovery and Paramount Skydance aisles on Monday was shock and surprise over the sudden turn of events. And now that Paramount-WB merger has the all-clear signal, staffers are gearing up for what are expected to be multiple rounds of layoffs in the next few months. […]

VarietyVarietyTodd Spangler22 Sept
  • neutral toward Paramount · 87%

CNN Mood ‘Like a Funeral’ as Paramount’s Warner Bros. Win Casts New Haze on Next Steps

Just when staffers at CNN thought the news giant’s path to the future was becoming more clear, new fog has set in. In recent weeks, the Warner Bros. Discovery outlet appeared to have found its groove. Yes, its linear ratings are down noticeably from the era when it won notice for its aggressive coverage of […]

VarietyVarietyBrian Steinberg22 Sept
  • critical toward CNN · 98%
  • favorable toward Paramount · 80%

‘Resident Evil’ Reboots at No. 1 as ‘Shaun the Sheep’ Bounds to No. 3 at U.K., Ireland Box Office

Sony’s franchise reboot “Resident Evil” stormed to the summit of the U.K. and Ireland box office, debuting in first place with £4.2 million ($5.6 million) across its opening frame. Warner Bros.’ “Practical Magic 2” moved to second place in its sophomore weekend, generating $2.03 million to bring its running total to $7.5 million. Studiocanal claimed […]

VarietyVarietyNaman Ramachandran22 Sept

Paramount, US states settle antitrust lawsuit over Warner Bros. acquisition

Paramount Skydance has settled a lawsuit with a dozen US states that sought to block its acquisition of Warner Brothers, as well as with the Writers Guild of America. California's Attorney General said that while the settlement addressed concerns over competition and protection, it did not mean a vote of support for the deal.

France 24France 24Yuka ROYER21 Sept
  • neutral toward Warner Bros · 99%

Rob Bonta, Facing Skeptics, Defends ‘Very Strong’ Paramount Deal

Rob Bonta defended the antitrust settlement that allows Paramount to merge with Warner Bros. on Monday, saying in a 45-minute press conference that the deal includes independent monitoring and will result in more jobs in Hollywood. But the deal does not include the three words — robust structural remedies — that California’s attorney general had […]

VarietyVarietyGmaddaus21 Sept
  • neutral toward Rob Bonta · 88%

WGA Settles Antitrust Lawsuit With Paramount Over Warner Bros. Discovery Merger

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 […]

VarietyVarietyPayton Turkeltaub21 Sept
  • neutral toward Paramount · 98%