Paramount Skydance and California AG set Monday talks on $110 billion Warner Bros. Discovery deal

Senior executives and lawyers for Paramount Skydance and the California Attorney General’s office are scheduled to meet Monday to explore a path toward resolving a multistate antitrust lawsuit seeking to block Paramount’s proposed $110 billion acquisition of Warner Bros. Discovery. The preliminary talks, requested by Paramount and in the works for more than a week, remain early-stage and may not lead to formal settlement negotiations. California Attorney General Rob Bonta and 11 other state attorneys general allege the combination would unite two of Hollywood’s five major film distributors, yielding roughly 27% of the wide-release theatrical market, more than 30% of anticipated top-grossing films, and about 27% of basic-cable channel licensing, with harm to theaters, distributors, consumers, and workers. A federal judge has temporarily halted the deal, which the U.S. Department of Justice and European regulators had cleared. Bonta has said any settlement would need robust structural remedies focused on the markets in the complaint. The companies argue the merger would strengthen global competition while keeping both studios and producing at least 30 theatrical films annually. A court stipulation bars closing until five days after a merits ruling or June 1, 2027, with a trial set for March 2, 2027; delay past Sept. 30 triggers a roughly $650 million quarterly ticking fee, and a full collapse would mean a $7 billion breakup fee.

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