Paramount settles with US states, clearing path for Warner Bros. merger
- Warner Bros.: 9 events in the last 90 days
- Previous: earlier the same day · Paramount agrees invest $1.5 billion in domestic movies and create a board for editorial independence at CNN, CBS as part of deal for Warner Bros.
What happened
Paramount 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.
Summary assembled by rule from the sources below