Settlement includes 30+ films annually and expanded U.S. production commitments
1 Sep 21 · 5d ago · 2 articles · 1 source · development 1 of 1
Paramount CEO David Ellison stated the agreement memorializes commitments including 30+ films annually and expanded U.S. film production to help revitalize the industry. The settlement allows Paramount to avoid $7 million-per-day ticking fees set to begin October 1, with the deal expected to close within approximately 10 days.
“We're confident this agreement does exactly that, memorializing a series of commitments that include 30+ films annually and expanded U.S. film production.”
David EllisonDavid Ellison Paramount CEO
Rob Bonta California Attorney GeneralParamount Skydance Acquiring companyWarner Bros. Discovery Acquisition target
Writers Guild of America Labor opponent
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