Paramount

The Supreme Court heard oral arguments Wednesday in Salazar v. Paramount Global, testing whether the 1988 Video Privacy Protection Act covers Paramount's sharing of 247Sports.com viewer data with Meta for targeted advertising. Lower courts ruled Michael Salazar was not a "consumer" under the statute. Justices weighed whether the law applies to modern data sharing, with some favoring a narrow reading and others suggesting consent could resolve concerns. A decision is expected by June.

5 reports · 2 sources · Updated Oct 16, 10:00 AM UTC

Paramount, controlled by the Ellison family, has completed its acquisition of Warner Bros. Discovery for over $110 billion, creating a new conglomerate named Skydance. The merged entity, led by David Ellison and co-CEO Ynon Kreiz, faces tens of billions in debt and anticipated job cuts. The deal merges iconic film franchises and streaming services, with plans to combine HBO Max and Paramount+ after a bundling phase. Concerns over CNN's editorial independence have led to pledges for an independent oversight board.

18 reports · 4 sources · Updated Oct 7, 09:21 PM UTC

Paramount Global reached a settlement with a coalition of U.S. state attorneys general, resolving antitrust lawsuits that had blocked its proposed $81 billion acquisition of Warner Bros. Discovery. The settlement, which includes commitments of at least $1.5 billion for domestic film production and no required sale of cable channels, removes a key legal obstacle. A judge has scheduled a hearing to review the terms, and the Block the Merger Coalition has filed a motion to reject the settlement.

29 reports · 5 sources · Updated Sep 25, 10:31 PM UTC

Paramount Global executives have held preliminary discussions about approaching Elon Musk to join a consortium of equity investors as the company prepares to combine with Warner Bros. Discovery. The acquisition is expected to leave Paramount with over $80 billion in debt against annual free cash flow of about $3 billion. Wall Street banks are preparing $49 billion in debt financing. Musk’s potential investment size and response remain unknown.

7 reports · 6 sources · Updated Sep 24, 09:29 AM UTC

Paramount Skydance reached a settlement with California and 11 other US states on September 21, 2026, resolving an antitrust lawsuit that sought to block its $110 billion acquisition of Warner Bros. Discovery. The agreement includes commitments to invest at least $1.5 billion in domestic film production over five years, release 30-32 films annually with penalties for shortfalls, establish independent editorial boards for CNN and CBS News, and maintain separate cable negotiations. The deal removes a major legal obstacle, allowing the merger to proceed.

38 reports · 13 sources · Updated Sep 22, 04:33 PM UTC

Paramount Skydance reached a settlement on September 21, 2026, with California and 11 other states to resolve an antitrust lawsuit blocking its $110-111 billion acquisition of Warner Bros. Discovery. The settlement requires the merged company to release at least 30 theatrical films annually, invest $1.5 billion in U.S. production over five years, maintain both studio lots for five years, establish editorial independence boards for CBS News and CNN, and create a $47.5 million worker fund. WBD shares surged 10.8% to $30.80, while Paramount Skydance shares fell 2.9%. The deal avoids hundreds of millions in ticking fees that would have accrued after September 30.

8 reports · 2 sources · Updated Sep 22, 03:37 PM UTC