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Continuing story · 3 reports

The antitrust settlement clearing Paramount's Warner Bros. takeover

First aired Latest aired

DevelopingNext check Apr 4: Verify whether Skydance has formed and appointed the five-member CBS News/CNN editorial-independence board by the decree's 180-day deadline, and examine membership eligibility and oversight arrangements.

Where it stands

Paramount completed its Warner Bros. Discovery acquisition on October 6, 2026, after the settlement received federal court approval. The settlement’s enforceable commitments on theatrical releases, production spending and news oversight remain to be carried out.

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Continuing storyDay 18

3 reports116 outlets206 sources12 videos

  1. Update 1Paramount Clears Warner Bros Takeover Without Selling CNN
  2. Update 2Paramount’s Warner Bros. Deal Clears Court—But Hasn’t Confirmed a Close
  3. Update 3Paramount Owns Warner Bros. Now. The Promises Still Have to Work.

The story so far

  1. Update 38 days later

    Paramount Owns Warner Bros. Now. The Promises Still Have to Work.

    The October 6 closing puts CNN, CBS News and two streaming services under Skydance. Film quotas carry penalties, but subscription prices, employment effects and editorial safeguards remain untested.

    Answered in this report

    • No definitive acquisition value, no definitive yearly production figure, no public price-freeze duration, and no spelled-out news-oversight enforcement.The record distinguishes the approximately $110 billion enterprise valuation from the $81 billion signing equity valuation and fixes the release floors at 30, 30, 32, 32 and 32 for 2027–2031. There is no subscriber price freeze; news oversight now has specified appointment, monitoring and court-enforcement rules, though its performance remains untested.

  2. Update 28 days later

    Paramount’s Warner Bros. Deal Clears Court—But Hasn’t Confirmed a Close

    The states’ settlement has judicial approval and October 6 is the expected closing date. Ownership transfer—and crucial details of the merger’s protections—remain unconfirmed.

    What moved

    • The court grants the motion to enter the consent decree.

  3. Update 1

    Paramount Clears Warner Bros Takeover Without Selling CNN

    Paramount settled with 12 states and the Writers Guild to close Warner Bros. with no CNN sale — but the price, the production pledge and the newsroom guarantees do not line up.

    Still open after this report

    • No definitive acquisition value, no definitive yearly production figure, no public price-freeze duration, and no spelled-out news-oversight enforcement.

History

  1. Opened1 report

Who's involved

People

  • David EllisonAmerican film producer (born 1983)2 reports
  • Araceli Martínez-OlguínAmerican lawyer1 report
  • Cory BookerAmerican politician (born 1969)1 report
  • Lindsey HorvathAmerican politician1 report
  • Rob BontaAttorney General of California since 20211 report
  • Ynon KreizIsraeli-American business executive1 report

Organizations

  • Warner Bros. DiscoveryAmerican mass media and entertainment conglomerate2 reports
  • Writers Guild of Americajoint brand of two US labor unions2 reports
  • Paramount SkydanceAmerican multinational mass media and entertainment conglomerate1 report
  • Skydance CorporationAmerican multinational mass media and entertainment conglomerate1 report
  • The United States District Court for the Northern District of CaliforniaUS federal trial court1 report

Places

  • BurbankBurbank, CA, USA1 report
  • CaliforniaCalifornia, USA1 report
  • Los Angeles CountyLos Angeles County, CA, USA1 report
  • OaklandOakland, CA, USA1 report
  • US District Court ClerkRobert F. Peckham Federal Building, 280 S 1st St, San Jose, CA 95113, USA1 report
  • United StatesUnited States1 report

Every outlet we read on this story

206 sources116 outlets12 videos9 wire copies