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SettlementCritical RiskMultistate

Oregon Multistate Settlement with Paramount Skydance Over Warner Bros. Merger

Paramount Skydance CorporationSeptember 21, 2026Oregon Attorney General

Penalty Amount

$30,000,000

Summary

Oregon and a coalition of state attorneys general settled their lawsuit challenging Paramount Skydance Corporation’s merger with Warner Bros. Discovery. The proposed, court-enforceable settlement sets film production and release commitments, cable negotiation restrictions, worker and independent-film funding, and a conditional $30 million payment for each missed film-output requirement.

Remedy

The proposed consent decree requires five years of film-output and domestic-production commitments, separate negotiations for the companies’ basic cable channels, continued operation of a free streaming service, worker and independent-film funds, and a News Editorial Independence Board. A missed annual film-output requirement triggers divestiture of Miramax Studios and a $30 million payment per missed film. An independent monitor will oversee compliance; the settlement is pending court approval.

Monetary PenaltyInjunctionConsent DecreeAudit Requirement

Contract Impact

Review merger, acquisition, distribution, production, and content-licensing agreements for commitments that could conflict with court-ordered film release or domestic production targets, separate cable-channel negotiations, continued streaming service obligations, and potential divestiture triggers. Production and labor agreements should address funding, collective bargaining obligations, and workforce transition commitments; agreements involving news operations should preserve editorial independence. Confirm that compliance-monitor access, cooperation, and reporting obligations can be flowed down to relevant affiliates and vendors.

Contract Search Terms

merger consent decreefilm output commitmentdomestic production spending commitmentcable channel negotiation restrictionsdivestiture triggerindependent compliance monitorworkforce transition fundeditorial independence protectionsfree streaming service commitment

Violation Types

Entity Details

Entity

Paramount Skydance Corporation

Industry

Media & Entertainment

Multistate Coalition

Official Sources

Source Evidence

Entity Name
"Paramount Skydance Corporation (Paramount)"
Fine Amount
"$30 million per missed film"
Violation Description
"challenging Paramount’s merger with Warner Bros. Discovery (Warner Bros.)"
Remedy Summary
"the company has agreed to the appointment of an independent monitor to oversee compliance with this agreement."

Related Enforcement Actions

CO

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CO

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Colorado Attorney General Phil Weiser announced that a stipulation filed in federal court stops Paramount and Warner Bros. from merging until the court rules on the merits or until June 1, 2027, whichever comes first. The action stems from a lawsuit filed by a coalition of a dozen state attorneys general challenging the proposed $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. A prior temporary restraining order had already halted the merger for 14 days.

CA

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OR

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CT

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OR

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