The Hollywood Reporter
3h ago
US judge approves settlement clearing Paramount’s $111 billion Warner Bros. Discovery megamerger for Oct. 6 close
A federal judge approved a settlement that clears the final regulatory hurdle for Paramount’s $111 billion acquisition of Warner Bros. Discovery, with the deal expected to close on Oct. 6. The settlement requires the combined company to release at least 30 theatrical films a year for the first two years, rising to 32 for the next three, while meeting minimum levels for wide and independent releases and ensuring more than half are produced or co-produced in-house. Missing the quota triggers a $30 million per-film penalty, and continued shortfalls could force Paramount to divest its stake in Miramax. The transaction had faced an antitrust challenge alleging reduced competition across streaming, news and theatrical distribution.