US judge approves settlement allowing Paramount to acquire Warner Bros
Mammoth deal has raised questions about corporate consolidation and editorial independence in media.
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Mammoth deal has raised questions about corporate consolidation and editorial independence in media.
A federal judge on Wednesday approved a settlement clearing Paramount’s takeover of Warner Bros. Discovery after 12 US states challenged the deal on antitrust grounds. The agreement includes safeguards for CNN’s editorial independence and requires the merged studio to release at least 30 films a year for its first two years.
Spreads on the largest portion of Paramount Skydance Corp.’s $52 billion financing to fund its buyout of Warner Bros. Discovery Inc. tightened as banks prepare to wrap up the long-awaited transaction.
Paramount Skydance Corp. has kicked off its long-awaited investment-grade bond sale, the largest portion of a syndicated $52 billion debt package for its acquisition of Warner Bros. Discovery Inc.
Bloomberg entertainment reporter Lucas Shaw is on Bloomberg This Weekend examining Paramount Skydance’s acquisition of Warner Bros. Discovery and the challenge of turning two legacy media companies into a growing business as cable declines and streaming growth slows. Speaking with Lisa Mateo, Shaw says the merger could reshape Hollywood while raising questions about debt, further consolidation and whether streaming companies such as Netflix need new sources of growth. (Source: Bloomberg)
Paramount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros. Discovery, officials announced Monday, creating a Hollywood empire spanning television, news and cinema.
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.
Paramount Skydance has settled a lawsuit with a dozen US states that sought to block its acquisition of Warner Brothers, as well as with the Writers Guild of America. California's Attorney General said that while the settlement addressed concerns over competition and protection, it did not mean a vote of support for the deal.
Paramount Skydance settles lawsuits with 12 states clearing the way for it to buy Warner Bros. Discovery Inc. The deal limits Paramount's market power and it promises to release 30 movies a year at the combined studios. Charlie Pellett has the breaking news. (Source: Bloomberg)
Ellison-led Paramount will avoid daily $7m fee if the $110bn Warner Bros merger closes by September 30.
Geetha Ranganathan, Bloomberg Intelligence analyst, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss the latest on the ongoing Paramount and Warner Bros. merger. The settlement talks between Paramount Skydance Corp. and California officials over the planned acquisition of Warner Bros. Discovery Inc. are said to include a financial penalty if the company fails to make good on a promise to distribute 30 films per year in theaters. Paramount would have to pay $30 million for each film that falls short of that goal, according to two people familiar with the discussions who asked to not be identified because the negotiations are private. It could also be forced to sell its stake in Miramax, the studio behind movies such as Pulp Fiction, if it fails to meet the target, one of the people said. (Source: Bloomberg)