Paramount and California AG Reportedly Closing in on a Settlement
Paramount and a coalition of states led by California are nearing a settlement regarding the studio's acquisition of Warner Bros. Discovery. The potential deal may involve behavioral concessions rather than structural divestitures to avoid a looming deadline.
Why it matters
This settlement could significantly impact the media landscape and set a precedent for how regulators handle large-scale studio mergers.
Logo text Paramount and a dozen states led by California Attorney General Rob Bonta are closing in on a deal to settle a lawsuit challenging the studio’s bid to acquire Warner Bros. Discovery, The Wall Street Journal reported Friday.
The two sides are in "advanced talks" to resolve the case, per the report. Under the reported deal, terms include "Paramount agreeing to operate the two companies’ movie studios separately for a period rather than immediately combining them."
In another sign that a deal is imminent, Reuters reported that an agreement could come "as soon as this weekend." The settlement could require independent content monitoring of CNN, plus a commitment on the number of theatrical releases.
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