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Holland ran Paramount's direct-to-consumer business for 418 days. Casey Bloys has run HBO's programming for roughly 3,800, which is longer than Paramount+ has existed. A judge cleared the merger on Wednesday.
Paramount Skydance will distribute about 470 million warrants with a floor exercise price of $12.00. Its shares closed at $10.28 on Monday. The same filing says the timing of the Warner Bros. Discovery merger, 'if any', is not yet certain.
The consent decree obliges the merged Paramount-Warner to release four independent films a year and attaches $5m a year to buy them. Missing a single studio release costs $30m, six times as much.
Paramount Skydance closed at $10.18 on Thursday. The equity syndicate funding the Warner Bros. Discovery takeover pays no less than $12.00, a gap of about $7.1bn across the full $46.95bn commitment. Elon Musk is one of the names discussed for it.
Warner Bros. released 11 films in 2025 and Paramount eight. The commitment being written into a settlement with California and 11 other states is 30 a year for three years, which is 33 films more than the current rate produces.
The Looney Tunes film Warner buried for a tax break opened in second place and held third over Labor Day. The numbers are ordinary, which is exactly the embarrassing part.
Everyone covered the price Paramount Skydance is paying for Warner Bros. Discovery. Almost nobody covered the ticking fee that starts accruing in twenty days.