Paramount and State AGs Will Head to Negotiating Table in WBD Merger Fight
Settlement talks could avert a March trial as Paramount faces $7 million in daily ticking fees and seeks to close the merger, officials said.
- Paramount representatives are meeting face-to-face with state attorneys general offices on Monday to discuss a potential settlement of the $111 billion merger dispute.
- California Attorney General Rob Bonta led a coalition of 12 states in filing an antitrust lawsuit last July against the $110 billion deal, which would combine two major film studios and merge streaming platforms HBO Max and Paramount+.
- Paramount CEO David Ellison has cautioned that he may move the company out of Southern California if the suit remains unresolved, while the delay triggered a "ticking fee" provision costing approximately $1.3 billion by trial conclusion.
- Los Angeles Mayor Karen Bass and industry groups including the Directors Guild of America and IATSE have urged both parties to "come to the table" and work urgently to find common ground on settlement terms.
- If mediation fails, the case proceeds to a March 2 trial in federal court in Oakland; under a court stipulation, the companies have agreed not to close the deal until five days after a trial ruling or June 1, 2027.
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Paramount & States To Meet & Talk Settlement
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Paramount has filed a request for a $1.88 billion bond to be posted by state attorneys general who are challenging the company’s proposed merger with Warner Bros. Discovery. The group of states, led by California’s Rob Bonta, filed their antitrust lawsuit in July against the $110 billion deal, which would combine two major film studios and merge streaming platforms HBO Max and Paramount+. Paramount stated in filings that the states must provide …
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