Paramount’s deal with the 12 state attorneys general to settle their antitrust lawsuit over the Warner Bros. Discovery merger is not official just yet: The judge in the case has some “outstanding questions” about the settlement, which requires her approval before it takes effect. In an order issued Tuesday, U.S.
District Judge Araceli Martinez-Olguin granted the parties’ motion to vacate the hearing about Paramount’s previous motion to require the states (and the WGA) to post $1.88 billion bond, which had been scheduled for Sept. 24. (The proposed settlements Paramount entered into with the states and the WGA makes that moot.) However, Martinez-Olguin said in the order that the court “does not yet rule on the remainder of the motion to enter consent decree and dissolve the stipulation not to close” the Paramount-Warner Bros. merger. PST on September 24, 2026,” the judge wrote. The hearing will take place via Zoom.
RELATED: What’s in the Paramount Settlement With States: Commitment to Not Sell Studio Lots, Additional $300M Yearly Investment in U.S. Film Production, CNN Oversight and More Paramount declined to comment. The office of California Attorney General Rob Bonta, who led the states’ coalition suing Paramount and WBD over the merger, did not immediately respond to a request for comment.
Extract — continue reading at the source.
