From The Hollywood Reporter · Winston Cho · · 50s
Paramount and California AG Close Deal Talks
Paramount and California AG near settlement to avoid merger delays.
In brief
Paramount and California AG near settlement to avoid merger delays. Paramount and California AG reportedly close deal to keep movie studios separate before Oct 1 deadline. Originally reported by The Hollywood Reporter.
Deal Talks Begin
Paramount and California AG start advanced talks to settle lawsuit over merger.
Key Terms
Paramount agrees to run movie studios separately for a period, not immediately.
Timeline Pressure
Settlement must happen before october first to avoid $7 million daily fee.
Bonta's Stance
California AG wants structural remedies, not just studio operation changes.
Paramount's Offer
Paramount pledges 30 movies with 45-day theatrical windows.
Next Steps
Settlement expected by weekend as trial starts in march.
What it means
Paramount and California AG reportedly close deal to keep movie studios separate before Oct 1 deadline.
