Paramount Nears California AG Deal to Clear WBD Merger Hurdle, Weighs $1.5 Billion Investment as NY, Conn

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  "signal_type": "news",
  "signal_subtype": "ends_partnership_with",
  "detected_at": "2026-09-21T09:22:39+00:00",
  "company": {
    "name": "Paramount",
    "domain": "paramount.com"
  },
  "data": {
    "url": "https://www.benzinga.com/m-a/26/09/61888716/paramount-nears-california-ag-deal-to-clear-wbd-merger-hurdle-weighs-1-5-billion-investment-as-ny-connecticut-seek-more-concessions",
    "title": "Paramount Nears California AG Deal to Clear WBD Merger Hurdle, Weighs $1.5 Billion Investment as NY, Conn - Benzinga",
    "excerpt": "Paramount Skydance Corp. (NASDAQ: PSKY ) is reportedly in advanced settlement talks with California’s attorney general Rob Bonta , who is leading a coalition of states challenging its roughly $110 billion acquisition of Warner Bros. Discovery (NASDAQ: WBD ), with potential concessions including a $1.5 billion investment in California film and television production. The negotiations include Paramount’s commitment to remain in the state and retain its studio lots, after the company had previously considered relocating amid opposition to the deal, according to a report by The Wall Street Journal. Additional potential penalties were discussed if Paramount fails to meet its earlier commitment to produce 30 movies annually post-merger. These penalties could include selling its stake in Miramax , the division known for classic films such as “No Country for Old Men” and “Pulp Fiction”. Other measures being considered include selling some cable channels and establishing an editorial board to safeguard CNN’s independence. Paramount had been considering such a board even before the lawsuit, but no final agreement has been reached, and the terms remain uncertain. However, some states are seeking additional concessions, with New York AG Letitia James pushing for specific job guarantees for Warner Bros. employees and Connecticut AG William Tong seeking stronger safeguards for CNN and CBS...",
    "summary": "To secure EU antitrust approval for its acquisition of Warner Bros. Discovery, Paramount agreed to end its film distribution joint venture with Universal Pictures.",
    "planning": false,
    "image_url": "https://cdn.benzinga.com/cdn-cgi/image/width=1200,height=800,fit=crop/files/images/story/2026/09/21/February-4--2023--Brazil--In-This-Photo-.jpg",
    "confidence": 0.9,
    "published_at": "2026-09-21T09:22:39Z",
    "article_sentence": "Despite the U.S. hurdles, Paramount secured European Union antitrust approval for its acquisition after agreeing to end its film distribution joint venture with Universal Pictures.",
    "related_company_name": "Universal Pictures",
    "related_company_domain": "universalpictures.com"
  }
}

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