Paramount merger dangerous, Americans will be ultimate losers
Paramount merger dangerous, Americans will be ultimate losers
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Paramount merger dangerous, Americans will be ultimate losers: Lindsey Granger | RISING
Paramount merger dangerous, Americans will be ultimate losers: Lindsey Granger | RISING
Paramount just cleared one of the biggest hurdles standing between it and Warner Bros. Discovery.
The company has reached a settlement with California and 11 other states that sued to stop the roughly $110 billion merger, bringing these two Hollywood giants significantly closer to becoming one company.
Part of the agreement is reportedly that Paramount will create independent editorial boards for both CNN and CBS. It faces a $30 million penalty for every film it falls short on if it fails to meet its commitment to release 30 movies theatrically each year. Deadline reports that the agreement will also include investment in domestic film production, along with protections around California production and studio operations.
Paramount also settled with The Writers Guild of America,........
