From The Hollywood Reporter · Alex Weprin · · 1m 20s
Paramount and 12 States Finalize Antitrust Deal
Paramount Skydance agrees to film and cable commitments after antitrust settlement with 12 states.
In brief
Paramount Skydance agrees to film and cable commitments after antitrust settlement with 12 states. Paramount Skydance will release 30-32 films yearly for five years, spend $1.5 billion on U.S. production, and negotiate cable deals separately to avoid antitrust violations. Originally reported by The Hollywood Reporter.
Settlement Announcement
California AG Rob Bonta announced Paramount Skydance's antitrust settlement with 12 Democratic state attorneys general.
Film Release Commitments
The combined company must release 30 films yearly for two years, rising to 32 films yearly for three years, with 20 wide release films and four independent films.
U.S. Production Spending
Paramount Skydance will spend at least $1.5 billion more annually on U.S. film production than in 2025, with 20 percent of films having budgets over $50 million.
Theatrical Window Rules
The company must maintain a 45-day theatrical window with no streaming window until at least 90 days after release.
Cable Channel Negotiations
Paramount and Warner Bros. must negotiate basic cable channels separately for five years without economies of scale.
Divestiture Penalties
If Paramount fails on film commitments, it must divest Miramax and pay $30 million per film shortfall for guild healthcare and retirement plans.
News Editorial Board
A five-member editorial board with ten years of journalism experience will oversee news channels to ensure independence.
The short version
Paramount Skydance will release 30-32 films yearly for five years, spend $1.5 billion on U.S. production, and negotiate cable deals separately to avoid antitrust violations.
