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Paramount's $110B Warner Bros. Discovery Merger Clears Legal Hurdle; Elizabeth Warren Says Letting Trump-Aligned Entity 'Dominate' News Is 'Disastrous'
Benzinga2d agoneutral
Paramount's $110B Warner Bros. Discovery Merger Clears Legal Hurdle; Elizabeth Warren Says Letting Trump-Aligned Entity 'Dominate' News Is 'Disastrous'

Paramount Skydance Corp.’s (NASDAQ:PSKY) $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD) has cleared a major legal hurdle after the company reached a settlement with a coalition of U.S. states and the Writers Guild of America. Paramount Warner Bros. Discovery Merger Clears Antitrust Fight The settlement on Monday allows the merger to move forward while requiring Paramount to accept several conditions aimed at addressing concerns over competition, jobs and media concentratio

What to know about Paramount's settlement and its impact on movies
Associated Press3d agoneutral
What to know about Paramount's settlement and its impact on movies

Movie studio 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 in a deal that would transform the movie industry landscape. In the settlement, which still needs to be approved by a judge, Paramount agreed to terms including a five-year movie production plan and to invest $1.5 billion in domestic movies. State attorneys general say the settlement guarantees investment in domestic movie production and provides worker protection.

Calif. AG Bonta Says Settlement Is Not a 'Blessing' for Paramount Deal
Bloomberg3d agoneutralVIDEO
Calif. AG Bonta Says Settlement Is Not a 'Blessing' for Paramount Deal

California Attorney General Rob Bonta announced an antitrust settlement reached with Paramount Skydance that he says will protect jobs. This clears the way for Paramount to take over Warner Bros. Discovery. But Bonta says this deal is not a "blessing" for the merger.

Paramount Skydance and Warner Bros. Stock Pop on Antitrust Settlement
Barrons.com3d agoneutral
Paramount Skydance and Warner Bros. Stock Pop on Antitrust Settlement

Paramount Skydance has cleared the last major hurdle to its acquisition of Warner Bros. Discovery by reaching a settlement with California and 11 other states that sued over antitrust concerns. A settlement would remove a key obstacle for the $110 billion megamerger of the two entertainment giants. Warners Bros. Discovery stock surged 10% to $30.57 on the reports, erasing all its losses for the year.

Paramount settles with US states to clear Warner Bros. mega-merger
AFP3d agoneutral
Paramount 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.Paramount, which is run by David Ellison, whose ultra-wealthy family has ties to US President Donald Trump, won a bidding war in February for control of a stable of assets, including Warner Bros.

Paramount settles with US states in big step towards closing Warner Bros merger, source says
Reuters3d agoneutral
Paramount settles with US states in big step towards closing Warner Bros merger, source says

Sept 21 (Reuters) - Paramount Skydance has settled with California and 11 other states that sued to block its $110 billion acquisition of Warner Bros Discovery, a ‌source familiar with the matter said on Monday, clearing one of the last ‌hurdles to a deal that would reshape Hollywood. The settlement includes the creation of independent editorial boards for CNN and CBS, ​the source said, a move aimed at safeguarding the independence of their news operations under the combined company.

Paramount Seeks to Clear Path to Warner Merger
The Wall Street Journal3d agoneutral
Paramount Seeks to Clear Path to Warner Merger

Paramount executives and a coalition of states that sued to block its $81 billion merger with Warner Bros spent the weekend hashing out the details of a possible settlement. Among the concessions that have been discussed by Paramount and California's attorney general is a $1.

Paramount, California Attorney General in Advanced Settlement Talks
The Wall Street Journal6d agoneutral
Paramount, California Attorney General in Advanced Settlement Talks

Paramount is in advanced settlement talks with California officials aimed at resolving the antitrust lawsuit that stands in the way of the company’s $81 billion deal to acquire rival Warner Bros. Discovery, according to people familiar with the matter. A dozen Democratic-led states led by California Attorney General Rob Bonta sued in July to block the deal on antitrust grounds, arguing that the combination of Paramount and Warner would create too much concentration in the markets for theatrical films and cable television channels.

Paramount Is Today’s Worst S&P 500 Stock on a Warning Against Mega-Merger
Barrons.com7d agoneutral
Paramount Is Today’s Worst S&P 500 Stock on a Warning Against Mega-Merger

Paramount Skydance and Warner Bros. Discovery long-awaited merger has been at a standstill. Barclays analysts led by Kannan Venkateshwar resumed coverage of both stocks, rating Warner Bros at Equal Weight with a $28 price target and Paramount at Underweight with a $8 price target. Venkateshwar said in a research note Thursday that while the proposed $110 billion merger could increase growth potential for the studios, it could introduce massive financial and operational risks that make the stock hard to value, and “a moving target.”

‘60 Minutes’ Returns in a Major Test for New Leadership
The Wall Street Journal16d agoneutral
‘60 Minutes’ Returns in a Major Test for New Leadership

“60 Minutes” creator Don Hewitt had a simple motto for the show: “Tell me a story.” Its new leader, Nick Bilton, is trying to move past a tumultuous period when the show itself was the story. Bilton, a former columnist, author and documentary producer with little experience in television news, was installed by CBS News Editor in Chief Bari Weiss last May as part of a dramatic overhaul of the storied newsmagazine.

TKO (TKO) Raises Guidance As Every Segment Fires At Once
Insider Monkey22d agoneutral
TKO (TKO) Raises Guidance As Every Segment Fires At Once

On August 3, TKO Group Holdings (NYSE:TKO) reported second-quarter 2026 results that topped the prior year across nearly every line and pushed the company to raise its full-year guidance for the second time this year. Revenue climbed 18% to $1.547 billion for the quarter ended June 30, 2026, while net income rose to $303.9 million […]