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[BUSINESS] · United States, United Kingdom, EU · 22 sources

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Paramount Skydance offers theater contracts to support Warner Bros. merger

Paramount Skydance is attempting to secure support for its proposed $111 billion acquisition of Warner Bros. Discovery by offering legally binding contracts to major theater chains. CEO David Ellison has pledged to guarantee at least 30 theatrical releases per year for three years. These agreements, offered to industry leaders AMC Entertainment and Regal Cinemas, include a minimum 45-day exclusive theatrical window and a 90-day moratorium on streaming distribution. Failure to meet these obligations would reportedly result in financial penalties for Paramount.

While the UK Competition and Markets Authority (CMA) has approved the merger, the deal faces significant legal hurdles in the United States. A coalition of 12 state attorneys general, led by California's Rob Bonta, has filed an antitrust lawsuit to block the transaction, citing concerns over market competition and potential impacts on jobs and film output. Due to this legal pressure, Paramount has agreed to delay the completion of the merger until at least June 1, 2027, or until the litigation is resolved. A trial regarding the legality of the merger is currently scheduled for March 2027.

Entities

AMC Entertainment · David Ellison · Paramount · Paramount Skydance · Regal Cinemas · Warner Bros. Discovery

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