A federal judge on Wednesday approved a settlement clearing Paramount’s takeover of Warner Bros. Discovery after 12 US states challenged the deal on antitrust grounds. The agreement includes safeguards for CNN’s editorial independence and requires the merged studio to release at least 30 films a year for its first two years.
A federal judge on Wednesday approved a settlement between Paramount and a group of US states that clears the way for its takeover of Warner Bros. Discovery, creating a Hollywood empire spanning television, news and cinema.