Paramount Settles Antitrust Case With State A.G.’s, Removing Obstacle to Warner Bros. Deal
Chronological coverage
Latest3h agoParamount settles with US states to clear Warner Bros. mega-merger
Paramount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros. Discovery, officials announced Monday, creating a Hollywood empire spanning television, news and cinema.
France 24•FRANCE24
Follow-up4h agoParamount settles with US states, clearing path for Warner Bros. merger
Paramount has reached a settlement with California and 11 other states that clears a major legal hurdle to its $110 billion takeover of Warner Bros. Discovery, with the deal imposing commitments on film production, jobs and editorial independence at CNN and CBS News.
Follow-up5h agoParamount agrees invest $1.5 billion in domestic movies and create a board for editorial independence at CNN, CBS as part of deal for Warner Bros.
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.
Fortune•Mae Anderson, The Associated Press
Follow-up5h agoParamount, 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.
Follow-up6h agoParamount 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 […]
Deadline•Dade Hayes
Follow-up6h agoThe 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 […]
Deadline•Nellie Andreeva
Follow-up7h agoRob 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 […]
Variety•Gmaddaus
Follow-up7h agoDavid Ellison Hails Legal Settlement But Says “Still Work Ahead” Before Paramount-WBD Close
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 Hayes
Follow-up7h agoParamount-Warner Bros. Settlement: What the Guilds, AGs and Activists Are Saying
After almost a year in the trenches pulling together his historic combination of Paramount Skydance and Warner Bros. Discovery, David Ellison has finally emerged victorious. On Monday, the Silicon Valley heir confirmed he’d reached a settlement with a group of state attorneys general, who sued to block the merger over antitrust concerns. The proposed merger […]
Variety•Varietymattdonnelly
Follow-up7h agoParamount settles with state AGs over Warner Bros. merger
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.
Courthouse News•Margaret Attridge
Follow-up8h agoParamount settles with U.S. states over Warner Bros. merger
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.
CBC News
Follow-up8h agoParamount settles US states' antitrust lawsuit, clearing the way for its Warner Bros. acquisition
The mega-merger of the year will apparently go forward.
Engadget•staff@engadget.com (Mariella Moon)
Follow-up8h agoParamount settles with states that sued over Warner Brothers Discovery merger
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 Mastrangelo- Follow-up8h ago
Read the memo that Paramount CEO David Ellison sent to staffers after 2 settlements that clear the way for his WBD deal
Paramount Skydance's CEO confirmed to employees that the company had settled the lawsuits that were holding up its deal to buy Warner Bros. Discovery.
Business Insider•James Faris (jfaris@businessinsider.com)
Follow-up8h agoDavid Ellison Says “We Have Complete Clearance For This Merger” After Paramount-WBD Settlement With State AGs
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 Andreeva
Follow-up8h agoParamount settles lawsuits, clears path for $110B Warner Bros. acquisition
The merger could reshape media landscapes, influencing content diversity, market competition, and the future of media conglomerates globally.
CryptoBriefing•Editorial Team
Follow-up9h agoParamount Settlement Terms Laid Out By CA AG Rob Bonta, Who Says Deal Is “Not A Blessing” Of WBD Merger
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 Hayes
Follow-up9h agoDeal Terms Revealed: Paramount, 12 States Unveil Warner Bros. Settlement Plan
The settlement clears the way for Paramount and Warners to merge, creating an entertainment colossus.
The Hollywood Reporter•Alex Weprin
Follow-up9h agoParamount settles with US states in step towards merger with Warner Bros
Ellison-led Paramount will avoid daily $7m fee if the $110bn Warner Bros merger closes by September 30.
Al Jazeera
Follow-up9h agoParamount settles lawsuit blocking $110 billion Warner Bros. merger
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 Roth
Follow-up9h agoParamount settles lawsuit with US states, helping clear way for $110bn merger with Warner Bros
Paramount has reached a settlement with the US states in a lawsuit challenging its $110bn merger with Warner Bros
BBC
Follow-up9h agoWhat’s in the Paramount Settlement With States: Commitment to Not Sell Studio Lots, Additional $300M U.S. Film Production Investment, CNN Oversight and More
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 Spangler
Follow-up9h agoParamount reaches deal with states to settle case challenging Warner buyout: Source
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 News- Follow-up9h ago
Paramount clears the last major hurdle to buying Warner Bros. Discovery by settling the lawsuit brought by 12 states
David Ellison's Paramount Skydance has settled the lawsuit that was stopping its $110 billion merger with Warner Bros. Discovery.
Follow-up10h agoWatch California AG Rob Bonta’s News Conference On Paramount Settlement Agreement Here
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 Petski
Follow-up10h agoParamount settles lawsuits with 12 US states, clearing way for Warner merger
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-Osifo
Follow-up10h agoParamount makes concessions to salvage $111 billion Warner Bros. Discovery deal
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 Folkenflik
Follow-up11h agoParamount settles with US states over Warner Bros merger
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.
BBusiness
Follow-up11h agoDone! Paramount Settles Antitrust Suit, Set To Seal Deal For Warner Bros. Discovery
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•Jillg366
Follow-up11h agoParamount and state AGs will settle lawsuit, allowing Warner Bros. merger to proceed, reports say
The antitrust lawsuit threatened to delay Paramount's acquisition until mid-2027 and to cost the company hundreds of millions of dollars in fees.
CNBC
First seen12h agoParamount Settles Antitrust Case With State A.G.’s, Removing Obstacle to Warner Bros. Deal
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•Gmaddaus