Part of Paramount-Skydance Merger Battle · 4 stories · since Sep 11 · newest 1h ago
Paramount Settles States' Antitrust Suit, Clears Path for $110B Warner Bros. DealBonta details settlement: editorial boards, film production pledge
7 Sep 22 4:32 PM · 1d ago · 1 article · 1 video · 2 posts · 113 comments · 4 sources · development 7 of 8
California AG Rob Bonta lays out settlement terms, including independent editorial boards for CNN and CBS and a commitment to increased U.S. film production, while stressing the settlement does not endorse the merger; the deal still needs final court approval.
“this settlement is not a vote of support for this merger”
Rob BontaDavid Ellison Paramount Skydance CEO
Rob Bonta California Attorney GeneralTish James New York Attorney General
Gavin Newsom California GovernorMike Schur Screenwriter and showrunner
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Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch
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first by PBS NewsHour, 1d ago
On air 1 segment · click to watch, arrow keys to move
What people said 24 voices · best of 113 · verbatim
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This is insane. When did we just completely give up on our anti-trust laws?
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When America fell to fascism and the DOJ started working for a dictator president.
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The California AG said he would block this from happening. Gavin Newsom said "make it go away, no courts!" Both men are cowards.
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Ellison has already structured agreements with foreign entities to own just shy of 50% of the merged company with Middle Eastern entities holding the majority of those stakes.
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This is a travesty! How is it okay that now nearly all American media will be under the control of the Trump-aligned Ellison Family and the Saudi Government?!
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They are going to kill Hollywood with AI. I hate to say it and don't wish it, but others have said it too. Something new will rise up!
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Six giants: Comcast, Disney, Warner Bros. Discovery, Paramount Skydance, Sony & Amazon control an enormous share of U.S. media. Their combined market value is roughly $3.2 trillion. “90%” is a shorthand estimate. Democracy needs diverse voices-concentrated media power can shape what the public sees.
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Politico and many new digital media organizations are funded by Saudi Aramco too
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This was a bad compromise. CNN will lose all credibility just as CBS did. Oh well
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I will never vote for Gavin for any office and I’ll be canceling my HBO max
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All the real journalists should just pack up and form a new network (arent there a number of CBS journalists doing this?)
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This should not be happening. They already came for Kimmel. Our freedom is just a word now.
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We need some serious trust busting up in here. Take all of those companies that own all the other companies, like GE, TimeWarner, Nestle, Pepsico, and their ilk and chop them into mince meat. Just stop allowing companies to own companies entirely. Force every company to compete in the open market.
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Americans need to remember the press is considered the "Fourth Estate" for a reason. When we cut out history and civics classes from schools we stop teaching the importance of guardrails designed to provide additional checks to maintain our freedom and a watchdog against corruption!
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Newsom also doesn’t support the billionaire tax on November’s election. It should be totally obvious he’s just another wolf in sheep’s clothing.
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Stop voting for Republicans and all our problems will disappear.
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Fuck Newsom. Everyone remember this and never vote for him. Ever again.
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I doubt it, its terrible quality. Not much use to make a real film, its only good at creating deepfakes and goofy slop But it is diverting a lot of funding from real production (and is hurting the economy) so it is hurting hollywood that way
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Okay Corporate Media, you’ve shown that you care about each other. Now show us that you care about the American People.
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Please cancel your HBO subscription. I don’t have any suggestions I’m afraid, because I dropped HULU last year as part of a boycott and haven’t picked up anything since. I use Tubi which is free but I heard they’re owned by the Koch brothers so 🤪
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From your lips to Gavin Newsom and Rob Bonta’s ears.
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As a lonely screenwriter in the middle of nowhere, this is bad enough; to an entire industry and the American economy, never mind free speech and creativity, this is an absolute disaster.
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Now, I want to get rid of my HBO account and find something else that has no connection to Paramount+. Suggestions?
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The terms they settled for are ridiculous. Everything made will be maga shit
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