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Paramount Skydance demands $1.88B bond amid Warner Bros. merger legal battle
Paramount Skydance has filed a motion in federal court demanding that the Writers Guild of America (WGA) and 12 state attorneys general post a $1.88 billion bond. The company argues this bond is necessary to cover potential damages and financing costs resulting from the legal delays to its $111 billion acquisition of Warner Bros. Discovery.
The merger is currently stalled by antitrust litigation led by California Attorney General Rob Bonta. Because the deal has not closed, Paramount faces a daily “ticking fee” of approximately $7 million payable to Warner Bros. Discovery shareholders, a cost that begins accruing on October 1. Paramount contends that if the plaintiffs successfully pause the transaction but ultimately lose the antitrust challenge at trial, the plaintiffs should be responsible for the resulting financial injuries.
In response, the states argue that Paramount voluntarily agreed to the merger deadline and the associated ticking fees. Paramount is also reportedly considering selling cable and real estate assets to reach a settlement. A hearing on the bond motion is scheduled for September 24, while the full antitrust trial is set to begin on March 2, 2027.
Entities
Araceli Martinez-Olguin · New Line Cinema · Paramount · Paramount Skydance · Rob Bonta · Skydance Corp. · Warner Bros. Discovery · Writers Guild of America
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Paramount Skydance is demanding a $1.88 billion bond from the WGA and 12 states. www.mediaplaynews.com · cosmicbook.news · www.europesays.com · www.it-boltwise.de · mynewsla.com · +2 more
- [● 5 SOURCES] The California Attorney General's office argues that Paramount voluntarily opted for the merger deadline and the ticking fee. www.mediaplaynews.com · cosmicbook.news · mynewsla.com · kyma.com · variety.com
- [● 10 SOURCES] The proposed merger between Paramount Skydance and Warner Bros. Discovery is valued at approximately $111 billion. www.mediaplaynews.com · cosmicbook.news · www.europesays.com · www.it-boltwise.de · labusinessjournal.com · +5 more
- [● 6 SOURCES] The antitrust trial is scheduled to begin on March 2, 2027. www.mediaplaynews.com · cosmicbook.news · mynewsla.com · www.shockya.com · kyma.com · +1 more
- [● 6 SOURCES] A hearing regarding the $1.88 billion bond request is scheduled for September 24. www.mediaplaynews.com · cosmicbook.news · www.it-boltwise.de · mynewsla.com · kyma.com · +1 more
- [○ 1 SOURCE] Paramount is considering selling cable and real estate assets to settle the antitrust lawsuit. labusinessjournal.com
- [● 9 SOURCES] The company faces a daily ticking fee of approximately $7 million to Warner Bros. Discovery shareholders starting October 1. www.mediaplaynews.com · cosmicbook.news · www.europesays.com · labusinessjournal.com · mynewsla.com · +4 more
- [○ 1 SOURCE] The Supreme Court ordered state attorneys general to respond to challenges from Iowa and Montana by September 25, 2026. deadline.com