Attorney General Bonta Announces Settlement in Warner Bros./Paramount Litigation

September 21, 2026 Contact: (916) 210-6000, agpressoffice@doj.ca.gov Settlement resolves antitrust concerns, protects the livelihoods of Hollywood workers, and guarantees massive investments in domestic film production LOS ANGELES — California Attorney General Rob Bonta today led a coalition of 12 attorneys general in securing a settlement with Paramount Skydance Corporation (Paramount), resolving the states' lawsuit alleging the merger of the entertainment giant and Warner Bros. Discovery (Warner Bros.) would harm competition by lowering output and raising prices, hurting both workers and consumers in the process. Today’s settlement, pending approval by the court, includes a five-year court enforceable commitment to increase film output, a minimum of an additional $1.5 billion commitment to bolster domestic film production, a $47.5 million fund for workers who are impacted by the merger, and restrictions on how the company handles cable negotiations to help keep prices competitive. ”Today, we have secured a settlement that resolves our antitrust concerns of the Warner Bros./Paramount merger — concerns that the merger will lower output and increase prices — by guaranteeing massive