Paramount Skydance wins $110-billion Warner Bros Discovery takeover after lawsuits settled
- Paramount Skydance on Monday won its $110-billion Warner Bros Discovery takeover after settling lawsuits from states and a writers union.
- The company agreed to temporary film quotas, a news oversight committee, and avoiding forced sale of assets like CNN.
- Paramount pledged $300 million more in annual US production and theatrical release quotas for five years.
- The settlement helps Paramount avoid a $7-million-a-day fee owed to Warner shareholders for delays past 30 September.
Source: reuters.com
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