New Jersey AG Jennifer Davenport Announces Settlement of Paramount-Warner Bros. Litigation - PSKY News | RalliesNew Jersey AG Jennifer Davenport Announces Settlement of Paramount-Warner Bros. Litigation
P
PSKY• New Jersey AG announces settlement terms
- New Jersey AG: Attorney General Davenport announces settlement in Warner Bros./Paramount litigation
- New Jersey AG: Paramount-WBD deal settlement includes minimum of additional $1.5 billion commitment to bolster domestic film production
- New Jersey AG: Paramount-WBD deal settlement includes a five-year court enforceable commitment to increase film output
- New Jersey AG: If Paramount fails to meet this film output requirement in any year, company will be required to divest Miramax Studios
- New Jersey AG: If Paramount fails to meet film output requirement in any year, company must pay $30 million per missed film
- New Jersey AG: Under Paramount settlement, company agrees to create an editorial-independence board for CNN and CBS
- New Jersey AG on Paramount-WBD deal: Under Paramount settlement, the merged company will form and operate a fund for purchasing independent films
- New Jersey AG on Paramount-WBD deal: Under settlement, the merged co will make annual contribution of $5 million per year, for total of $25 million
- New Jersey AG on Paramount-WBD deal: Under settlement, merged company will commit $47.5 million in a workforce fund over five years
SPY
•
