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Paramount has reached a settlement with California and 11 other states that clears a major legal hurdle to its $110 billion takeover of Warner Bros. Discovery, with the deal imposing commitments on film production, jobs and editorial independence at CNN and CBS News.
Paramount has reached a settlement with California and 11 other states that clears a major legal hurdle to its $110 billion takeover of Warner Bros. Discovery, with the deal imposing commitments on film production, jobs and editorial independence at CNN and CBS News.
Paramount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros. Discovery, officials announced Monday, creating a Hollywood empire spanning television, news and cinema.
The deal includes an agreement to produce 30 films a year, or Paramount will be forced to sell off parts of its company.
