Paramount settlement keeps California studios, pledges $300M annual US film spend and CNN oversight
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Paramount’s settlement with 12 states to end their antitrust case against its Warner Bros. Discovery takeover includes keeping California operations and not selling the Paramount and Warner Bros. studio lots. It commits to $300 million in additional annual U.S. film production, at least 30 theatrical releases per year, and a third-party news editorial independence board overseeing CNN and CBS News.
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