It’s a Deal: Paramount and States Settle Warner Bros. Merger Lawsuit

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  "detected_at": "2026-09-21T14:58:56+00:00",
  "company": {
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  "data": {
    "url": "https://www.thewrap.com/industry-news/deals-ma/paramount-warner-bros-lawsuit-settled-rob-bonta/",
    "title": "It’s a Deal: Paramount and States Settle Warner Bros. Merger Lawsuit - TheWrap",
    "excerpt": "Paramount and 12 state attorneys general have agreed to a settlement, clearing the final hurdle for the $110 billion merger with Warner Bros. Discovery, according to Bloomberg and The Wall Street Journal . The settlement is an attempt to address concerns that the combination of the two historic studios would have a devastating impact on both the local economy and the entertainment industry as a whole. Paramount has insisted the deal would lead to more opportunities and give it a better fighting chance against the tech giants. The final terms of the settlement could not immediately be learned. Representatives for Paramount and California Attorney General Rob Bonta did not immediately return TheWrap’s request for comment. The move comes as the David Ellison-led media giant was gearing up for a March trial against the state AGs and the Writers’ Guild of America. Paramount had agreed to delay the closing until five days after the outcome of the trial, or June 1, 2027, whichever came earliest. But starting Oct. 1, Paramount was also on the hook to start accruing a 25 cent per share ticking fee, which would’ve translated to a payout of $650 million per quarter or $7 million per day until closing, giving it extra motivation to settle quickly. While both sides had expressed their willingness to reach an out of court settlement, Ellison also threatened to move the Hollywood studio’s...",
    "summary": "As a condition of its merger with Warner Bros. Discovery, Paramount has agreed to terminate its stake in United International Pictures, its international film distribution joint venture with Universal Pictures, within 13 months.",
    "planning": false,
    "image_url": "https://www.thewrap.com/wp-content/uploads/2026/07/david-ellison-rob-bonta-getty.jpg",
    "confidence": 0.9,
    "published_at": "2026-09-21T14:58:56Z",
    "article_sentence": "In addition to the concessions in the U.S., Paramount agreed to terminate its stake in United International Pictures, an international film distribution joint venture with Universal Pictures, within 13 months.",
    "related_company_name": "United International Pictures",
    "related_company_domain": "uip.com"
  }
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