Paramount takeover of Warner Bros. Discovery clears legal hurdle

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 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.