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Representatives for Paramount Skydance and the California Attorney General’s office are expected to meet on Monday, according to Variety.
The topic of discussion? A potential settlement of the antitrust case brought about by a twelve-state coalition against Paramount and its $111 billion merger with Warner Bros. Discovery.
Little has actually changed in the past week or two as the deal is currently on hold pending a March trial in federal court in Oakland. The states still argue that it would illegally contract the marketplace for theatrical distribution and basic cable.
Paramount has upped its PR game recently as the DGA, IATSE, exhibitor trade group Cinema United, and Los Angeles Mayor Karen Bass have all spoken in favour of a settlement.
Attorney General Rob Bonta has said he is open to settlement negotiations, but has also indicated that Paramount has “thus far been unwilling to offer the kind of structural remedies that would be needed to satisfy the states’ concerns,” according to the trades.
Paramount has pledged to make thirty films a year for the next three years, and to keep them exclusively in theatres for at least 45 days, but the AG’s office argues such remedies are impossible to enforce.
The post Paramount & States To Meet & Talk Settlement appeared first on Dark Horizons.
