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Merged Paramount-Warner Bros. Will Be a ‘Streaming Powerhouse,’ Wall Street Analysts Say — but Saddled With More Than $77 Billion in Debt

Paramount Skydance’s David Ellison has prevailed in his dogged pursuit of Warner Bros. Discovery. Now comes the hard part: making the economics of the combined company work, given an extremely high debt load of the combined media company. Following the announcement of Paramount’s settlement with the 12 Democratic state attorneys general resolving their antitrust case […]

VarietyVarietyTodd Spangler22 Sept
  • critical toward Paramount-Warner Bros · 96%

Paramount Settlement Protects Pluto TV, Sets BET & Comedy Central As Potential Divesture Targets While Omitting Premium Channels & TV Studios

Here is a concession no one really asked for — the settlement of state attorneys generals’ anti-trust lawsuit over the proposed Paramount-Warner Bros. Discovery merger includes a provision ensuring that Paramount will keep Pluto TV or another free, ad-supported streaming service for the next five years. While Pluto TV is protected, the settlement spells out […]

DeadlineDeadlineNellie Andreeva22 Sept

John Oliver Calls Out “Soon-To-Be Business Daddy” David Ellison & Throws Stephen Colbert Under The Bus

John Oliver took a dig at “soon-to-be business daddy” David Ellison on the latest episode of Last Week Tonight. The comedian is known to take jabs at his “business daddies,” and amid the Paramount-Warner Bros. merger, Oliver took a swipe at Ellison. While discussing UnitedHealthcare and its denial of insurance claims, Oliver gave an example […]

DeadlineDeadlineArmando Tinoco21 Sept
  • neutral toward David Ellison · 79%

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%

Paramount Shares Fall After Antitrust Deal, But Wall Streeters Marvel At Favorable Terms

While Warner Bros. Discovery shares soared 11%, as is often the case of a company about to be acquired, while Paramount shares stumbled on news the companies’ merger will take another two weeks to complete. The stocks’ divergent movement came after news Monday morning of a settlement between Paramount and 12 state attorneys general. A […]

DeadlineDeadlineDade Hayes21 Sept
  • favorable toward Paramount · 72%

The Final Stretch: California AG Rob Bonta On How Settlement On Paramount-WBD Merger Came Together Quickly After Stalemate

Paramount’s settlement with the 12 Democratic state attorneys general appeared to be a Yom Kippur affair, with the final signoff coming after sundown on Sunday. California Attorney General Rob Bonta was cagey when asked about the exact timeline for the agreement following his Monday morning press conference announcing the deal but when he was cheekily […]

DeadlineDeadlineNellie Andreeva21 Sept
  • critical toward Rob Bonta · 78%

Paramount-WBD Settlement Sets Up Editorial Independence Board For CNN And CBS News

The potential ownership of CBS News and CNN under one corporate owner has generated months of fear, anxiety and loathing at both networks, but the Paramount-Warner Bros. Discovery settlement tries to resolve some of the issues with the establishment of an editorial independence board. Per the terms of the consent decree, the board will establish […]

DeadlineDeadlineTed Johnson21 Sept
  • neutral toward CNN · 86%