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Paramount Skydance reportedly settles states’ challenge to Warner Bros. Discovery takeover

A post describing the settlement says Paramount Skydance would have to maintain Pluto TV, or another free ad-supported streaming television service, for five years.

Logan CarterLC
ThiccQuidityTH
2 Sources, 18d ago, first seen 18d ago

TLDR

A September 22, 2026, post says Paramount Skydance settled with states challenging its proposed Warner Bros. Discovery takeover, citing reports that the agreement removes a major legal obstacle.

Another post that day lists pledges of at least $1.5 billion more in U.S. film production over five years, a journalist-run board for CNN and CBS News editorial independence, and keeping both Los Angeles studio lots for five years. It says no media-asset divestitures are required and attributes a tentative closing timeline of about two weeks to CEO David Ellison, pending court approval.

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2 Sources, first seen 18d ago

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2 Sources, first seen 18d ago

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2 Sources

Logan Carter@LoganCarter962$WBD — Warner Bros. Discovery Moves Closer to a Major Corporate Transaction $WBD is once again at the center of the media M&A conversation. The latest development is significant: Paramount Skydance has reached a settlement with a group of states that had challenged its proposed takeover of Warner Bros. Discovery. Reports say the settlement removes a major legal obstacle to the proposed transaction. For WBD shareholders, the story is therefore increasingly about transaction execution rather than simply quarterly streaming numbers. Another important detail is Pluto TV. Under the settlement, Paramount Skydance would be required to maintain Pluto TV, or another free ad-supported streaming television service, for five years. That matters because the traditional media business is changing rapidly. Streaming subscriptions remain important, but advertising-supported streaming, sports rights, premium content and free ad-supported platforms are becoming increasingly important pieces of the industry. The next phase for $WBD will depend on regulatory, shareholder and transaction-related milestones, while investors will continue assessing what the combined media business could ultimately look like. This is no longer just a content story. It is a restructuring, streaming and M&A story happening simultaneously. #WarnerBrosDiscovery #MediaStocks #StreamingStocks #Paramount #HBO #EntertainmentStocks #MediaMergers18d
ThiccQuidity@ThiccQuidityThe $WBD and $PSKY merger is BACK on. Paramount pledged at least $1.5B more in U.S. film production over five years, a journalist-run board for CNN and CBS News editorial independence, and to keep both LA studio lots for five years. No media-asset divestitures required. CEO David Ellison says close is tentatively about two weeks out, pending court approval.18d
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    Paramount PicturesDavid Ellison

    2 Sources

    Logan Carter@LoganCarter962$WBD — Warner Bros. Discovery Moves Closer to a Major Corporate Transaction $WBD is once again at the center of the media M&A conversation. The latest development is significant: Paramount Skydance has reached a settlement with a group of states that had challenged its proposed takeover of Warner Bros. Discovery. Reports say the settlement removes a major legal obstacle to the proposed transaction. For WBD shareholders, the story is therefore increasingly about transaction execution rather than simply quarterly streaming numbers. Another important detail is Pluto TV. Under the settlement, Paramount Skydance would be required to maintain Pluto TV, or another free ad-supported streaming television service, for five years. That matters because the traditional media business is changing rapidly. Streaming subscriptions remain important, but advertising-supported streaming, sports rights, premium content and free ad-supported platforms are becoming increasingly important pieces of the industry. The next phase for $WBD will depend on regulatory, shareholder and transaction-related milestones, while investors will continue assessing what the combined media business could ultimately look like. This is no longer just a content story. It is a restructuring, streaming and M&A story happening simultaneously. #WarnerBrosDiscovery #MediaStocks #StreamingStocks #Paramount #HBO #EntertainmentStocks #MediaMergers18d
    ThiccQuidity@ThiccQuidityThe $WBD and $PSKY merger is BACK on. Paramount pledged at least $1.5B more in U.S. film production over five years, a journalist-run board for CNN and CBS News editorial independence, and to keep both LA studio lots for five years. No media-asset divestitures required. CEO David Ellison says close is tentatively about two weeks out, pending court approval.18d
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