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New Mexico Fight Against Paramount Merger Could End with California AG Talk
The talks follow slow progress and a canceled meeting after Bonta accused Paramount of leaking and misrepresenting negotiations.
- Paramount, California Attorney General Rob Bonta, and the Writers Guild of America will meet for a two-day settlement conference starting October 14 to address the studio's $111 billion bid to acquire Warner Bros Discovery.
- This conference follows a failed meeting last month, when Bonta canceled discussions after accusing Paramount of leaking negotiation details amid legal challenges that could delay the acquisition until trial in March 2027.
- Magistrate Judge Thomas Hixson ordered parties to submit settlement statements by October 7, including "a candid evaluation of the parties' likelihood of prevailing" and descriptions of major issues in dispute.
- Separately, a hearing on September 24 will determine if plaintiffs must post a $1.88 billion bond covering the "ticking fee" that hits Paramount on October 1 if the merger remains stalled.
- While Paramount has offered behavioral concessions like 45-day theatrical windows, Bonta has insisted on "structural" remedies involving asset sales that may include divesting Warner's cable networks to address antitrust concerns.
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Media conglomerate Paramount Skydance plans to meet California's attorney, Rob Bonta, next October.
·Madrid, Spain
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Paramount Told Negotiators, 'We're Done,' Next 48 Hours Critical
Paramount told California officials negotiating a settlement Tuesday, "we're done" ... and said the studio was moving out of California, but our sources now say they are back at the bargaining table, but the clock is running out.
·Burbank, United States
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Coverage Details
Total News Sources17
Leaning Left4Leaning Right2Center3Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 33%
R 22%
Factuality
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