# Warner Bros. Discovery and Paramount Skydance Stocks Rise on Antitrust Talks

> Antitrust settlement progress lifts Warner Bros. Discovery and Paramount Skydance stocks as Netflix remains flat.
- Title: Warner Bros. Discovery and Paramount Skydance Stocks Rise on…
- Summary: Antitrust settlement progress lifts Warner Bros. Discovery and Paramount Skydance stocks as Netflix remains flat. Settlement talks advance but legal…
- Keywords: warner bros discovery, paramount skydance, antitrust settlement, nasdaq, wbd, psky, streaming, netflix, spdr xlc, spdr spy, california, writers guild
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/21/warner-bros-discovery-jumps-7-paramount-skydance-climbs-5-as-antitrust-settlement-talks-advance-netflix-sits-out-the-rally
- Author: David Moadel
- Published: 2026-09-21T13:42:36+00:00
- Read time: 1 min
- Topics: warner bros discovery, paramount skydance, antitrust settlement, nasdaq, wbd, psky, streaming, netflix, spdr xlc, spdr spy, california, writers guild
## Stocks surge on antitrust talks
Warner Bros. Discovery shares jump 7% to $29.74 as settlement talks advance. Paramount Skydance climbs 5% to $10.76 with narrower obligations.
## Settlement terms reported
Paramount Skydance would pay $30 million per film missed in theater distribution targets, potentially selling Miramax stake.
## California's role
California's settlement could narrow state challenges but other attorneys general and the Writers Guild remain opposed.
## Netflix stays flat
Netflix stock rises 0.45% to $72.12, unchanged compared to rivals' mid-single digit gains.
## Sector reaction
Communication Services ETF rises 0.7% while S&P 500 ETF gains 0.66%, showing minimal sector movement.
## What to watch next
Investors should monitor formal filings or additional state challenges to the settlement framework.
## Key takeaway

Settlement talks advance but legal challenges persist, creating a split in stock movements.