States Settle Lawsuit, Paving Way for Paramount-Warner Bros Merger
Paramount must spend $1.5B more on U.S. films, release 156 movies in five years and create an independent CNN-CBS board to close its $110B Warner deal.
Paramount must spend $1.5B more on U.S. films, release 156 movies in five years and create an independent CNN-CBS board to close its $110B Warner deal.
Advanced talks include a $1.5B California production commitment, a promise to keep both studio lots, and possible penalties if Paramount misses 30 films a year.
The $110B Warner deal offers growth but faces execution risk, cable decline, and delays.
Citizens sees ~32% upside in PSKY if the WBD combination closes and $6B+ in savings land. SkyShowtime is under strategic review.
Bankers discuss possible sales of New Line Cinema and Warner Bros. cable networks while Paramount’s $110B WBD takeover faces ongoing antitrust lawsuits.
12 states’ lawsuit creates new uncertainty and ticking fees pressure.