Antitrust

Paramount Bends the Knee to Rob Bonta

California and 11 other states weaponized antitrust law until Paramount agreed to film quotas and an oversight board for CNN and CBS.

Tosin Akintola | 9.22.2026 12:15 PM

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Paramount Skydance agreed Monday to settle with California and 11 other states that sued to block its $110 billion acquisition of Warner Bros. Discovery, Inc.

The deal reportedly includes a "new board for CBS News and CNN to ensure editorial independence" as well as a $30 million penalty—90 percent of which would go to the company's employees—for each movie Paramount fails to release as part of its promise to produce 30 films per year, according to CNBC. The studio will release 30 films in its first two years and 32 in the following three years. Additionally, at least 20 percent of its annual theatrical releases must each have budgets over $50 million. If it fails to meet the targets, Paramount would be forced to........

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