What’s in the Paramount Settlement With States: Commitment to Not Sell Studio Lots, $300M U.S. Production Investment, CNN Oversight and More

The details of Paramount’s deal with 12 states settling their antitrust case — paving the way for its takeover of Warner Bros. Discovery, the biggest merger in Hollywood history — have been revealed. Among the top-line items: Paramount is agreeing to keep its operations in California and has committed to not sell the Paramount Studios […]

The details of Paramount’s deal with 12 states settling their antitrust case — paving the way for its takeover of Warner Bros. Discovery, the biggest merger in Hollywood history — have been revealed. Among the top-line items: Paramount is agreeing to keep its operations in California and has committed to not sell the Paramount Studios […] Details of the terms of Paramount's deal with 12 states settling their antitrust case that was holding up the Warner Bros. Discovery merger have been revealed. The details of Paramount’s deal with 12 states settling their antitrust case — paving the way for its takeover of Warner Bros. Discovery, the biggest merger in Hollywood history — have been revealed.

Among the top-line items: Paramount is agreeing to keep its operations in California and has committed to not sell the Paramount Studios lot in Hollywood. That comes after Paramount Skydance chief David Ellison had threatened to pull up stakes from the Golden State if he couldn’t close the WBD deal by Oct. 1. Under the terms of the proposed settlement, Paramount will invest $300 billion on film production in the U.S. The company also has agreed to have a third-party entity oversee news operations of CNN and CBS News, a measure intended