Paramount, California AG discuss concessions including $1.5 billion investment, WSJ reports
The talks could add production and theatrical-release commitments, while four attorneys general push for stronger divestitures and newsroom protections.
- On Sunday, The Wall Street Journal reported that Paramount and California Attorney General Rob Bonta are in advanced settlement negotiations over the Warner Bros. Discovery merger, including a $1.5 billion investment in California production.
- Bonta leads a 12-state coalition that sued to block the merger two months ago, stating Thursday he sought to 'step into that breach' after the United States DOJ performed an inadequate review.
- Paramount would face a $30 million penalty for each film falling short of production goals, while proposals also include independent content monitoring of CBS News and CNN, plus potential divestiture of Miramax.
- New York Attorney General Letitia James and Connecticut Attorney General William Tong remain holdouts, seeking 'structural remedies' such as cable channel divestitures from the settlement.
- The Block the Merger Coalition announced protests across Los Angeles and New York this week, calling the potential deal 'an insult to everyone who has stood up against this harmful transaction.
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41 Articles
Paramount deal with Calif. AG far from done with ‘many issues’ including CNN’s future still unresolved
Paramount was said to be closing in on a deal Friday to settle a bruising lawsuit against the studio’s acquisition of Warner Bros. But by Sunday night, insiders said that the negotiations were at a stalemate.
Warner Bros. Discovery Jumps 7%, Paramount Skydance Climbs 5% as Antitrust Settlement Talks Advance; Netflix Sits Out the Rally
Shares of Warner Bros. Discovery (NASDAQ:WBD) are jumping in early Monday trading on fresh reports that antitrust settlement talks tied to its pending sale are advancing. Its counterparty Paramount Skydance Corporation (NASDAQ:PSKY) is climbing alongside it on the same headline. The move is a merger-arbitrage repricing rather than a sector event, and the two stocks […]
Negotiations between Paramount and several U.S. Attorneys General to unblock Warner Bros.'s purchase are still unagreed and with new demands.
Morning Business Report: Paramount nears possible Warner Bros. settlement as states remain divided
(LILAMAX)- Paramount is in advanced talks with state attorneys general to resolve an antitrust lawsuit blocking its acquisition of Warner Bros. Discovery. Sources tell CNN the negotiations are creating divisions among some of the Democratic-led states that brought the lawsuit two months ago. California Attorney General Rob Bonta, who has been leading the 12-state coalition, has been pressing to reach...
Paramount Skydance and California advanced in the negotiations an agreement that provides for a series of regulatory concessions, including an investment commitment of $1.5 billion in state productions, to enable the acquisition of Warner Bros. Discovery for $110 billion, reported The Wall Street Journal on Sunday (21), citing sources along with the negotiations. California's lawsuit together with 11 other US states represents one of the last ma…
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