21 Sep Paramount Settles With US States In Big Step Towards Closing Warner Bros Merger, Source Says [Reuters $]
By Jody Godoy and Mary Sophia
September 21, 2026| Paramount Skydance (PSKY.O), opens new tab emerged victorious on Monday from a legal battle over its $110 billion acquisition of Warner Bros Discovery after settling with a California-led group of US states and a Hollywood writers union, paving the way for one of the largest media mergers in history.
The settlement marks a major win for Paramount CEO David Ellison, who battled the states for months to finalize a deal that would dramatically concentrate power across Hollywood’s film, TV, streaming and news businesses.
Paramount agreed to abide by temporary film quotas and a news oversight committee, avoiding a forced sale of cable assets such as CNN or any of its lucrative film franchises.
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