From The Hollywood Reporter · Alex Weprin · · 1m
Paramount WBD Deal Terms Leaking
Paramount and WBD settle antitrust suit with cable sales and film guarantees.
In brief
Paramount and WBD settle antitrust suit with cable sales and film guarantees. Paramount may secure $111 billion deal for Warner Bros. Discovery by selling cable channels and ensuring 30 films yearly. Originally reported by The Hollywood Reporter.
Settlement Talks
Paramount and state attorneys general spent the weekend hashing out potential settlement terms for Warner Bros. Discovery.
Cable Channel Sales
Reports suggest selling Comedy Central as a cable channel to address antitrust concerns and reduce pay-TV market share.
Film Yearly Guarantee
Paramount CEO David Ellison promised 30 films per year with a $30 million per film penalty to ensure production commitments.
Production Guarantees
Production guarantees of $1.5 billion in California alone may be required to maintain studio lots and film production teams.
CNN Oversight Board
A CNN oversight board could ensure editorial independence but faces resistance from New York and Connecticut attorneys general.
Settlement Stakes
The deal could be blocked by rogue states or the WGA, with talks potentially progressing Monday amid Yom Kippur holiday.
The short version
Paramount may secure $111 billion deal for Warner Bros. Discovery by selling cable channels and ensuring 30 films yearly.
