Paramount Skydance, WBD settle states’ antitrust suit over merger with consent decree approved by judge

• Federal judge entered a multistate consent decree on Sept. 30, 2026, resolving a Clayton Act lawsuit seeking to block the WBD merger.
• Order modified an existing no-close order, clearing the way for the transaction to close.
• Decree imposes five-year theatrical release commitments, including minimum annual film counts and 45-day windows before streaming availability.
• Missing annual release targets can trigger Miramax divestiture, or a USD 30 million contribution per film shortfall.
• Separate basic-cable carriage negotiations required; an uncured material breach could force divestiture of several cable networks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paramount Skydance Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-112347), on September 30, 2026, and is solely responsible for the information contained therein.