Paramount Skydance agrees to settle antitrust suit with California and 11 other states, clearing way for Warner Bros merger

Paramount Skydance has agreed to settle the antitrust lawsuit brought by California and 11 other states, clearing the way for a potential merger with Warner Bros Discovery, according to TrendSpider. Settlement talks had included a $1.5 billion investment in California production, a pledge to stay in the state and a penalty if it fails to release 30 films a year in theaters, Bloomberg reported.

Detected & updated continuously · Source: Nebula