Paramount Skydance settles with states over Warner Bros
Paramount Skydance reached a settlement with California and eleven other states to resolve a lawsuit blocking its acquisition of Warner Bros Discovery. The agreement includes increased domestic film production and progressive annual release targets.
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PARAMOUNT SKYDANCE CL B settled a multistate lawsuit on Monday morning, clearing the final domestic hurdle for its $110B acquisition of WARNER BROS DISCOVERY INC[symbol:{value:"WBD"}]. The agreement overcomes antitrust challenges from California and 11 other states. The mega-merger unites historic Hollywood studios with a global media network.
