Paramount Skydance's settlement talks with California officials over its planned acquisition of Warner Bros. Discovery are said to include a $30M penalty for each film that falls short of a promise to distribute 30 films per year in theaters, according to Bloomberg News. The report said Paramount could also be forced to sell its stake in Miramax, the studio behind movies such as Pulp Fiction, if it fails to meet the target. California Attorney General Rob Bonta, who has led the litigation for the states, has repeatedly said he opposes such remedies because they are difficult to enforce, though Paramount earlier offered the 30-film pledge to major theater chains to help win their support for the merger. Attorneys general from 12 states, all Democrats, and the Writers Guild trade union have sued to block Paramount's $110B acquisition of Warner Bros, arguing that it would give the company an undue share of the movie and cable-TV industries.
Paramount Skydance Corporation
Warner Bros Discovery Inc