AI & Machine Learning

Paramount clears the last major hurdle to buying Warner Bros. Discovery by settling the lawsuit brought by 12 states

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Paramount Skydance has resolved an antitrust lawsuit brought by twelve states, removing the final significant obstacle to its acquisition of Warner Bros. Discovery. The deal will create a substantial media conglomerate, positioning David Ellison’s company to better compete with Netflix and Disney in the streaming landscape. As part of the settlement, Paramount has committed to releasing a specific number of films over the next five years, including a percentage of blockbusters produced domestically.

Read the full article at Business Insider

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