Paramount Pledges 30 Annual Films After Merger
Paramount Skydance agreed to release at least 30 films annually following its acquisition of Warner Bros Discovery. The settlement requires specific production budgets and spending levels to protect theater operators and industry jobs.
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PARAMOUNT SKYDANCE CL B pledged to distribute at least 30 films annually following its purchase of WARNER BROS DISCOVERY INC while cutting $6 billion in costs. The volume requirement is part of a multi-state settlement intended to protect theater operators. The agreement sets a high bar for output as Hollywood studios grapple with shrinking audiences.
