Deal Terms Revealed: Paramount, 12 States Unveil Warner Bros. Settlement Plan

What's in the Paramount antitrust settlement for Warner Bros. Discovery including the future of CNN, production in California and the film studios. The settlement clears the way for Paramount and Warners to merge, creating an entertainment colossus. It’s official: Paramount Skydance has settled its blockbuster antitrust suit brought by a group of Democratic state attorneys general. California AG Rob Bonta announced the deal in a press conference Monday. — A “minimum numbers of annual film releases in both the WideRelease and Anticipated Top-Grossing (‘tentpole’) categories, among others; (b) a commitment to spend at least $300 million more annually on film production in the United States than was spent in 2025; (c) commitments regarding pricing to theaters; and (d) remedies—including divestiture—for breach.” In other words, the combined company will commit to release a number of films in both wide release and blockbusters for five years with 30 films per year minimum for the first two years, rising to 32 films per year for the following three, will spend more on U.S.

film production ($1.5 billion over the course of the agreement), and make moves to limit price increases at movie theaters. At least 20 (and later 21) of the films must be wide release, and at least four films need to be independent. At least 20 percent of the films will