DOJ Downplays State AGs' Paramount-WBD Deal Terms — SkimNews

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- Stanley Woodward, the Justice Department's associate attorney general, said in a Tuesday statement that the only antitrust provisions in the states' settlement require Paramount to honor commitments to maintain and grow its movie and TV businesses that the company had already publicly stated.
- The DOJ approved the $111 billion Paramount-Warner Bros Discovery merger in June with no divestiture requirements, a review critics called insufficient amid Paramount's courting of the Trump administration.
- The state AG settlement announced Monday imposes five-year behavioral conditions: Paramount must release 30 films annually in years one and two, 32 films in years three through five, and maintain a theatrical release window of at least 45 days — figures Paramount CEO David Ellison had already committed to publicly.
- California Attorney General Rob Bonta, who led the 12-state lawsuit, called the settlement an 'enforceable commitment' at a Monday press conference, saying it will boost domestic production and require Paramount to spend $300 million more per year on U.S. film production.
- The consent decree includes an independent monitor and requires divestiture of Miramax and selected cable channels if Paramount breaches settlement terms — a structural backstop Bonta had previously said was the only remedy that would suffice.
- Just last week, the DOJ sided with Paramount in a motion requiring the state AGs to post a $1.88 billion bond as litigation continued, with a March trial date and a $7 million-per-day ticking fee to Warner Bros. Discovery looming after September 30.
Why it matters: The DOJ's public dismissal of the state settlement creates a credibility split with the 12 state AGs: Woodward says there's nothing new, while Bonta calls it an enforceable commitment worth $300 million annually in domestic production and backed by a Miramax divestiture trigger. The federal review produced zero concessions; the states produced a five-year behavioral decree.
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