Paramount reached an agreement to resolve a 12-state antitrust lawsuit and move forward with its acquisition of Warner Bros. Discovery. The new account values the transaction at $111 billion, while earlier reporting described it as an $81 billion deal and Reuters previously valued it at $110 billion including debt. The settlement requires judicial approval and includes commitments on domestic film spending, production targets, independent films, worker support, labor agreements, cable-channel negotiations and editorial safeguards for CNN and CBS. Paramount said the agreement provides a path forward, while California Attorney General Rob Bonta said the terms were not an endorsement of the merger. Gov. Gavin Newsom called it a win for California workers and the creative economy, whereas actor Mark Ruffalo criticized the agreement and cited the Ellison family's ties to President Trump. Los Angeles Mayor Karen Bass said uncertainty surrounding the deal had already contributed to job losses. The reactions reflect broader concern over declining film and television production in Los Angeles, where foreign tax incentives and lower labor costs have reduced filming and eliminated tens of thousands of jobs. Critics of the merger continue to warn that consolidation could produce further job losses, fewer projects, weaker competition and higher costs for consumers.