California AG Will Meet With Paramount To Discuss a Settlement Of His Lawsuit
Settlement talks could avert a March trial as Paramount faces $7 million in daily ticking fees and seeks to close the merger, officials said.
- Paramount representatives are meeting face-to-face with state attorneys general offices on Monday to discuss a potential settlement of the $111 billion merger dispute.
- California Attorney General Rob Bonta led a coalition of 12 states in filing an antitrust lawsuit last July against the $110 billion deal, which would combine two major film studios and merge streaming platforms HBO Max and Paramount+.
- Paramount CEO David Ellison has cautioned that he may move the company out of Southern California if the suit remains unresolved, while the delay triggered a "ticking fee" provision costing approximately $1.3 billion by trial conclusion.
- Los Angeles Mayor Karen Bass and industry groups including the Directors Guild of America and IATSE have urged both parties to "come to the table" and work urgently to find common ground on settlement terms.
- If mediation fails, the case proceeds to a March 2 trial in federal court in Oakland; under a court stipulation, the companies have agreed not to close the deal until five days after a trial ruling or June 1, 2027.
11 Articles
11 Articles
California AG Will Meet With Paramount To Discuss a Settlement Of His Lawsuit
Paramount Skydance representatives are set to meet on Monday with officials from the California Attorney General’s office to explore a possible settlement in the ongoing antitrust challenge to the company’s planned merger with Warner Bros. Discovery, according to a report by Variety. The discussions come as the multibillion-dollar transaction remains frozen ahead of a scheduled […] The post California AG Will Meet With Paramount To Discuss a Set…
Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay
Paramount has filed a request for a $1.88 billion bond to be posted by state attorneys general who are challenging the company’s proposed merger with Warner Bros. Discovery. The group of states, led by California’s Rob Bonta, filed their antitrust lawsuit in July against the $110 billion deal, which would combine two major film studios and merge streaming platforms HBO Max and Paramount+. Paramount stated in filings that the states must provide …
Paramount, State AGs Set Settlement Talks On Antitrust Suit; Newsom Talks Merger
(Updated with California Attorney General statement) After weeks of speculation about Gavin Newsom’s true position on Paramount’s $111 billion acquisition of Warner Bros Discovery and the antitrust suit filed a coalition of state attorneys general, the outgoing governor of California finally weighed in publicly today. His comments come as it appears that Paramount representatives and […]
Gavin Newsom Says Paramount Settlement Talks Happening in “Real Time,” Signals He’d Like a Deal
The California governor said he was concerned about the state's reputation and added that he takes CEO David Ellison's threat to move companies out of California “seriously.”
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