Paramount settles with California, other states, clearing major hurdle for Warner Bros merger, source says
WBD•WBD•WBD•WBD•Paramount Skydance PSKY.O has reached a settlement with California and other states suing to block its $110 billion merger with Warner Bros Discovery WBD.O, a source familiar with the matter said on Monday.
The settlement includes independent editorial boards for the CNN and CBS networks, and a $30 million penalty per film falling short of the 30-movies-a-year release target that Paramount has promised, according to the source.
