Ellison Targets 2-Week Close for Paramount-Skydance WBD Merger After 12 AGs Settle
Updated
Updated · Variety · Sep 21
Ellison Targets 2-Week Close for Paramount-Skydance WBD Merger After 12 AGs Settle
3 articles · Updated · Variety · Sep 21
Summary
About two weeks is the target for closing the Paramount Skydance-Warner Bros. Discovery merger, David Ellison told staff after saying the deal now has complete clearance.
A settlement announced by California Attorney General Rob Bonta on behalf of 11 other state attorneys general, plus a separate Writers Guild of America deal, removed the lawsuit and labor obstacles that had been blocking it.
The agreements include commitments to release more than 30 films annually and expand U.S. film production, terms Ellison framed as supporting jobs, crews and domestic industry activity.
Ellison cautioned that closing is only the starting line, telling employees many integration questions about roles, teams and day-to-day operations remain unresolved as the two media groups combine.