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 […]
Variety•Gmaddaus21 Sept
Paramount CEO David Ellison said Monday’s settlement of two lawsuits aimed at blocking the company’s pending merger with Warner Bros. Discovery represent “an exciting moment for our company and our industry.” However, he added in a memo to employees, there is “still work ahead to get this deal across the finish line.” (Read the full […]
Deadline•Dade Hayes21 Sept
One of the settled terms negotiated by the Gang of Four AGs in Paramount’s union of Warner Bros is that if the combined merger doesn’t yield the annual film commitment of 30-plus films, they may have to divest Par sister label Miramax. Such a divestiture would be required if Paramount fails to make up for […]
Deadline•Anthonypauldalessandro21 Sept
Several states sued to block the merger in July, claiming Paramount and Warner Bros. would account for a quarter of Hollywood's revenue if they're allowed to merge.
The $81 billion US dollar blockbuster deal will bring together two of Hollywood's oldest studios, key TV networks like CBS and CNN and streaming platforms HBO Max and Paramount+, as well as decades of libraries with titles ranging from Harry Potter to Top Gun.
The WGA has confirmed that its own lawsuit over the Paramount-Warner Bros. Discovery merger also has been settled, following the same move by the state attorneys general announced Monday morning by California AG Rob Bonta. In a statement, the guild acknowledged that it could not go it alone. “We continue to believe the merger will […]
Deadline•Nellie Andreeva21 Sept
The mega-merger of the year will apparently go forward.
Paramount has reached an agreement to settle with 12 states that sued the media conglomerate earlier this year over its planned purchase of Warner Brothers Discovery, the two sides announced on Monday. During a press conference in Los Angeles, California Attorney General Rob Bonta — who led the coalition of state AGs suing to block…
The Hill•Dominick Mastrangelo21 SeptParamount Skydance's CEO confirmed to employees that the company had settled the lawsuits that were holding up its deal to buy Warner Bros. Discovery.
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 […]
Variety•Payton Turkeltaub21 Sept
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 “to close in approximately two weeks. […]
Variety•Varietymattdonnelly21 Sept
As entertainment figures and politicos weigh in on the settlement of the Paramount-Warner Bros. Discovery merger, the parties submitted details of a consent decree for a judge’s approval. Among other things, the decree requires a minimum number of annual film releases and another to spend $300 million more on domestic U.S. film production than was […]
Deadline•Ted Johnson21 Sept
It wasn’t quick, it wasn’t pretty, but Paramount’s David Ellison got to where he wanted, an acquisition of Warner Bros. Discovery by October 1 when a costly ticking fee was to come into effect. While California Attorney General Bonta was still making the announcement of the anti-trust lawsuit being settled, laying out its terms, Ellison, […]
Deadline•Nellie Andreeva21 SeptThe merger could reshape media landscapes, influencing content diversity, market competition, and the future of media conglomerates globally.
CryptoBriefing•Editorial Team21 Sept
California Attorney General Rob Bonta has revealed terms of a settlement with Paramount allowing it to acquired Warner Bros. Discovery, but stressed that the agreement is “not a blessing” of the mega-merger. Speaking at a news conference Monday, Bonta detailed a list of items to which Paramount is committed. The list ranges from stepped-up film […]
Deadline•Dade Hayes21 Sept
The settlement clears the way for Paramount and Warners to merge, creating an entertainment colossus.
The Hollywood Reporter•Alex Weprin21 Sept
Ellison-led Paramount will avoid daily $7m fee if the $110bn Warner Bros merger closes by September 30.
Al Jazeera21 Sept
Paramount has reached a settlement with California and the 11 other states that sued to block its planned $110 billion acquisition of Warner Bros. Discovery. The settlement removes a major roadblock standing in the way of the massive media merger. Paramount Chairman & CEO David Ellison: We are grateful to Attorney General Bonta and his […]
The Verge•Emma Roth21 Sept
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