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Paramount Skydance, CA AG Bonta Set to Talk WBD Deal October 14-15
The talks follow slow progress and a canceled meeting after Bonta accused Paramount of leaking and misrepresenting negotiations.
- Paramount, California Attorney General Rob Bonta, and the Writers Guild of America will meet for a two-day settlement conference starting October 14 to address the studio's $111 billion bid to acquire Warner Bros Discovery.
- This conference follows a failed meeting last month, when Bonta canceled discussions after accusing Paramount of leaking negotiation details amid legal challenges that could delay the acquisition until trial in March 2027.
- Magistrate Judge Thomas Hixson ordered parties to submit settlement statements by October 7, including "a candid evaluation of the parties' likelihood of prevailing" and descriptions of major issues in dispute.
- Separately, a hearing on September 24 will determine if plaintiffs must post a $1.88 billion bond covering the "ticking fee" that hits Paramount on October 1 if the merger remains stalled.
- While Paramount has offered behavioral concessions like 45-day theatrical windows, Bonta has insisted on "structural" remedies involving asset sales that may include divesting Warner's cable networks to address antitrust concerns.
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Judge Sets Date For Settlement Talks In Paramount-WBD Antitrust Case
Paramount and the State Attorneys General suing to block its merger with Warner Bros. Discovery were ordered by a judge to appear for a two-day settlement conference Oct. 14-15 in a San Francisco courtroom. It’s a mandated step for two sides approaching a trial, set in this case for early March, and doesn’t mean there’s […]
·Los Angeles, United States
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Coverage Details
Total News Sources15
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
Factuality
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