Paramount settles lawsuit, clearing path for Warner Bros merger

Summarised from 12 outlets · 23 reports · Updated 24 Sept, 00:08 · Archive

Paramount has reached a settlement with twelve US states over antitrust concerns, clearing a major legal obstacle to its $110bn acquisition of Warner Bros Discovery.

California and eleven other states had sued over concerns that the merger would reduce competition among Hollywood studios. The settlement includes commitments on film production, jobs and editorial independence at CNN and CBS News. The deal was previously approved by the justice department in June.

How it is being reported

• Newsom denies pressuring California AG into Paramount settlement after liberal backlashGov. Gavin Newsom denied on Wednesday pressuring California AG Rob Bonta to settle the Paramount Skydance antitrust lawsuit ahead of the Warner Bros. Discovery merger deal.Fox News · 23 Sept, 23:50
• A Hollywood happy ending for unnecessary Paramount dramaThe Paramount-Warner Bros. deal is going through — and that’s a good thing. We said California Attorney General Rob Bonta should reach an agreement — and he did.New York Post · 23 Sept, 02:18
• Paramount will need to release way more movies to make this merger workNow that Paramount has reached a settlement with the 12 states that were suing to block its $110 billion merger with Warner Bros. Discovery (WBD), the studio is even closer to becoming one of the world's biggest production houses. In addition to spending at least $300 million more on film and TV projects produced in […]The Verge · 22 Sept, 23:26
• CNN staffers accept new reality as Paramount's takeover of Warner Bros Discovery goes full steam aheadCNN staffers reveal mixed emotions as Paramount's merger with Warner Bros. Discovery moves forward following the settlement with State Attorneys General.Fox News · 22 Sept, 22:42
• Paramount Skydance settlement clears way for completion of Warner Bros. Discovery acquisitionParamount Skydance reached a settlement with 12 states regarding antitrust concerns, clearing the way for its $110 billion acquisition of Warner Bros. Discovery. Jo Ling Kent reports.CBS News · 22 Sept, 14:01
• States settle lawsuit with Paramount, paving way for Warner mergerTwelve states and Hollywood writers challenging Paramount’s buyout of Warner Bros. Discovery agreed to settle their lawsuits on Monday, effectively paving the way for the $81 billion mega merger to cross the finish line, with some new commitments from the company.France 24 · 22 Sept, 11:00
• California leads settlement to allow $81 billion Paramount-Warner merger as celebs blast dealCalifornia officials agreed to settle their lawsuits attempting to block Paramount's $81 billion merger with Warner Bros as Marvel star Mark Ruffalo slammed the deal as a 'huge win' for Trump.Daily Mail · 22 Sept, 07:13
• Paramount Skydance reaches settlement with states over Warner Bros. mergerParamount-Skydance has now settled two major lawsuits that were holding up the company's $111 billion buyout of Warner Bros. Discovery. One lawsuit was filed by the Writers Guild of America; the other by a dozen states. Paramount is the parent company of CBS News. Jo Ling Kent has the details.CBS News · 22 Sept, 00:56
• Paramount settles with US states to clear Warner Bros. mega-mergerParamount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros. Discovery, officials announced Monday, creating a Hollywood empire spanning television, news and cinema.France 24 · 22 Sept, 00:07
• Paramount settles with US states, clearing path for Warner Bros. mergerParamount has reached a settlement with California and 11 other states that clears a major legal hurdle to its $110 billion takeover of Warner Bros. Discovery, with the deal imposing commitments on film production, jobs and editorial independence at CNN and CBS News.France 24 · 21 Sept, 23:48
• How the Ellisons pulled off Paramount-WBD settlement talks and cleared major hurdle to forging media giantThe deciding factor in California Attorney General Rob Bonta's decision to settle with Paramount and allow its purchase of WBD with minor concessions was political pressure.New York Post · 21 Sept, 23:07
• Paramount, US states settle antitrust lawsuit over Warner Bros. acquisitionParamount Skydance has settled a lawsuit with a dozen US states that sought to block its acquisition of Warner Brothers, as well as with the Writers Guild of America. California's Attorney General said that while the settlement addressed concerns over competition and protection, it did not mean a vote of support for the deal.France 24 · 21 Sept, 22:13
• Paramount reaches bombshell settlement with California AG Rob Bonta on Warner Bros. mergerA 45-minute press conference was held by Bonta today to unveil the news.New York Post · 21 Sept, 22:05
• Paramount Skydance settles with 12 states over acquisition of Warner Bros. DiscoveryCalifornia Attorney General Rob Bonta on Monday announced details of a settlement reached between Paramount Skydance and 12 states over the company's merger with Warner Bros. Discovery. Paramount Skydance is the parent company of CBS News.CBS News · 21 Sept, 19:15
• Paramount Skydance reaches antitrust deal with states over Warner Bros. Discovery purchaseParamount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.CBS News · 21 Sept, 18:53
• Paramount settles with US states in step towards merger with Warner BrosEllison-led Paramount will avoid daily $7m fee if the $110bn Warner Bros merger closes by September 30.Al Jazeera · 21 Sept, 18:42
• Paramount settles lawsuit blocking $110 billion Warner Bros. mergerParamount has reached a settlement with California and the 11 other states that sued to block its planned $110 billion acquisition of Warner Bros. Discovery. The settlement removes a major roadblock standing in the way of the massive media merger. Paramount Chairman & CEO David Ellison: We are grateful to Attorney General Bonta and his […]The Verge · 21 Sept, 18:42
• Paramount settles lawsuit with US states, helping clear way for $110bn merger with Warner BrosParamount has reached a settlement with the US states in a lawsuit challenging its $110bn merger with Warner BrosBBC News · 21 Sept, 18:36
• Paramount to resolve antitrust lawsuit, clears path to buy WarnerParamount has reached a settlement in an antitrust lawsuit against it, clearing its path toward acquiring Warner Bros. Discovery for $111 billion.UPI · 21 Sept, 18:05
• Paramount settles lawsuits with 12 US states, clearing way for Warner mergerStates including California and New York sued over concerns of ‘extinguishing competition’ with $81bn merger Paramount has reached a settlement with California and several other states that sued over a proposed $81bn merger with Warner Bros Discovery ( WBD ), according to reports on Monday, clearing the way to consolidate some of Hollywood’s most recognizable TV networks and studios under one owner. Though the merger was approved by the justice department in June, a coalition of 12 states, led by California, had sued over concerns that combining two of the five last legacy studios in…Guardian Business · 21 Sept, 17:52
• Paramount makes concessions to salvage $111 billion Warner Bros. Discovery dealParamount's owners have made concessions to 12 Democratic state attorneys general to settle a lawsuit that endangered the media company's bid for its larger Hollywood rival, Warner Bros. Discovery.NPR · 21 Sept, 17:40
• Paramount clears hurdle to $110bn Warner Bros merger after settlementParamount has reached a settlement with California and other states that sued over the media giant's $110bn (£82.2bn) with Warner Bros Discovery.Sky News · 21 Sept, 15:54
• Paramount reaches settlement with California’s Rob Bonta to clear Warner Bros. merger: sourcesThe two sides had reportedly discussed several possible concessions, including a $1.5 billion investment in California film production.New York Post · 21 Sept, 15:52

In this story: Paramount · Warner Bros Discovery · California · CNN · CBS News

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log