Paramount, California AG discuss concessions including $1.5 billion investment, WSJ reports
The deal would require Paramount to invest $1.5 billion in California production and keep its studio lots and news operations under new oversight.
- On Sunday, The Wall Street Journal reported that Paramount and California Attorney General Rob Bonta are in advanced settlement negotiations over the Warner Bros. Discovery merger, including a $1.5 billion investment in California production.
- Bonta leads a 12-state coalition that sued to block the merger two months ago, stating Thursday he sought to 'step into that breach' after the United States DOJ performed an inadequate review.
- Paramount would face a $30 million penalty for each film falling short of production goals, while proposals also include independent content monitoring of CBS News and CNN, plus potential divestiture of Miramax.
- New York Attorney General Letitia James and Connecticut Attorney General William Tong remain holdouts, seeking 'structural remedies' such as cable channel divestitures from the settlement.
- The Block the Merger Coalition announced protests across Los Angeles and New York this week, calling the potential deal 'an insult to everyone who has stood up against this harmful transaction.
125 Articles
125 Articles
Judge hits pause on settlement between states, Paramount over Warner Bros acquisition
A federal judge declined to approve a settlement between Paramount and 12 state attorneys general over its acquisition of Warner Bros, saying she needs more time to deliberate on the matter.— This story first appears at TheDesk.net, a premium source for original news and analysis on the business of media and technology. Never miss a story — make sure our stories appear in your Google search results by adding us as a trusted source, and sign up …
Newsom denies pressuring California AG into Paramount settlement after liberal backlash - NEW YORK TIMES POST
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG.
Coverage Details
Bias Distribution
- 41% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
