https://www.indiewire.com/news/business/paramount-settlement-states-lawsuit-merger-1235217975/
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“Paramount did not respond to a request for comment.”
“A combined Paramount and WBD will bring together two legacy film studios, Paramount Pictures and Warner Bros.”
“Discovery.”
“Powered by WordPress.com VIP Big biz Paramount Reaches Settlement to End States’ Lawsuit, Paving Way for Merger with Warner Bros.”
“Deal rollingstone Bob Weir Was Working on ‘Psychedelic Rock Opera’ About His Life Done!”
“By Brian Welk Plus icon Brian Welk has joined IndieWire as Senior Business Reporter Courtesy of Brian Welk Brian Welk More stories by Brian Paramount Reaches Settlement to End States’ Lawsuit, Paving Way for Merger with Warner Bros.”
“Discovery Paramount agreed to a number of concessions, including an investment of $1.5 billion in production spending in California over the next five years.”
“Among the bigger concerns was fewer movies coming to theaters as a result of the merger, something that was seen following the merger of Disney and Fox.”
“Bonta and the other states sued Paramount in July , citing a massive consolidation among the top grossing theatrical films and cable networks.”
“It’s unclear at present whether Paramount has agreed to divest any of its other cable channels in order to advance the transaction, but the need to sustain CNN’s editorial independence has been key for lawmakers and the public.”
“Paramount has consistently promised to release 30 films between the two studios and do so over the next three years.”
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“Related Stories ‘Phoolan’ Review: A Biopic About a Rebellious Indian Feminist Is Undone by its Ramshackle Structure ‘The Further Mis-Adventures of Cliff Booth’ Trailer: Brad Pitt’s Tarantino Stuntman Returns in 1977 Hollywood for Fincher’s Sequel Paramount is also reportedly agreeing to a board of journalists that will protect the editorial integrity of CNN and CBS News when the two news outlets fall under the same roof, and there were reports that it will pay penalties if it is unable to distribute 30 movies in theaters every year as CEO David Ellison has repeatedly promised.”