Paramount Reportedly Settles Issues with US States Over WBD Acquisition

Paramount Skydance has reportedly cleared a major hurdle in its acquisition of Warner Bros. Discovery, as it has seemingly settled with California and 11 other states, which previously filed an antitrust lawsuit to block the $110 billion merger. The lawsuit was filed by the attorneys general of Colorado, Connecticut, Massachusetts, Minnesota, New Jersey, New Mexico, New York, Oregon, Washington, Nevada, California, and Arizona. Of

According to The Wall Street Journal (via Fightful), Paramount and California’s attorney general discussed a wide range of concessions, including a $1.5 billion investment in production in the state, a provision for penalties should Paramount fail to honor its pledge to produce 30 movies annually following its merger with WBD, and a commitment to not sell either studio.

Meanwhile, Bloomberg reported that the state coalition has secured the creation of independent CBS and CNS boards as part of its settlement with Paramount. An official announcement on the settlement is expected later today.

As noted, Paramount agreed to not close its merger with WBD in July 2026 until the trial is concluded. The trial is set for March 2, 2027.