NYTIMES (Matt Stevens) - After Crucial Paramount Agreement Come Relief, Anger and Concern
Few seem totally satisfied by the settlement that will let Paramount’s $111 billion acquisition of Warner Bros. Discovery move forward.
Few seem totally satisfied by the settlement that will let Paramount’s $111 billion acquisition of Warner Bros. Discovery move forward.
Paramount has committed to distributing 30 movies in theaters every year, spending an additional $1.5 billion on film production over the next five years and creating a board to ensure the editorial independence of CNN and CBS News.
"We believe further consolidation in markets does not serve the American economy, consumers or competition well," California AG Rob Bonta said.
Paramount Skydance reportedly reached a settlement with Democratic state attorneys general, clearing a key hurdle for its Warner Bros. merger.
California Attorney General Rob Bonta held a press conference Monday to address the settlement reached with Skydance-owned Paramount after a group of state attorneys general sued to challenge the company's buyout of Warner Bros. Discovery, effectively pacing the way for the mega merger to move forward.
The settlement removes a major obstacle to closing one of the largest media mergers in history.
The settlement removes a major obstacle to closing one of the largest media mergers in history.Open
The deal would remove the last significant hurdle the media mogul David Ellison faced to create a news and entertainment empire, home to movie studios, HBO, CBS and CNN.
Seeking to settle a lawsuit with 12 states, Paramount has discussed measures to protect the editorial independence of CNN and the divestiture of Comedy Central.
An antitrust battle over a proposed merger of Paramount Skydance with Warner Brothers has Paramount’s CEO David Ellison threatening to move the studio out of […] Source
Paramount Skydance is reportedly searching for hundreds of thousands of square feet of office space in Nashville