Paramount got away with highway robbery. After 5 years practically all the terms the states enforced disappear.
The states had the leverage and threw it away for crumbs…pathetic
The proposed Paramount/Warner Bros. settlement agreement has been filed in federal court, pending a judge's approval.
Here are the key takeaways:
• 30 theatrical releases a year for 2 years, then 32 a year for 3 years.
• 20 wide releases, 4 indie films, and 20% must be $50M+ tentpoles/blockbusters.
• 45 day theatrical windows, and 90 days before anything hits SVODs.
• $30M penalty for every film that falls short of the target paid into union and industry funds.
• $300M more a year on U.S. production, a $1.5B total raising U.S. production from 5% to 20%.
• $5M a year indie fund + $9.5M a year for workforce training.
• Both lots MUST NOT BE SOLD OR CLOSED through 2031. AKA, stay in operation in California.
• Development deals already signed within the 12 states MUST be honored.
• Editorial independence board for CNN and CBS News.
In addition, there are two contingent divestitures IF Paramount fails the following and it's not remedied within 6 months:
• Miss the annual film target: Miramax MUST BE SOLD.
• Violate ANY cable commitments: BET, Comedy Central, VH1, Smithsonian, etc. MUST BE SOLD.
Read the proposed settlement here: https://t.co/3flbfTXjIt
🚨 BREAKING: Paramount has reportedly settled with California and other states seeking to block its Warner Bros. merger.
Terms include:
• Independent editorial boards for CBS & CNN
• 30 theatrical films a year
• $30M penalty for each film that falls short
• Possible forced sale of its Miramax stake if it misses the target
A formal announcement is expected today.
(Via: Bloomberg)
Paramount has agreed to some commitments for the Warner Bros merger as part of the settlement.
• Operations in California will stay - cannot sell the Paramount or Warner Bros. studio lots
• Invest an additional $300M annually in U.S. film production
• Obligated to release at least 30 movies theatrically every year
• Establishing a third-party, independent board to oversee CNN and CBS News in order to maintain the news outlets’ editorial independence
(Source: https://t.co/Ujsxngs8kx)
For those wondering why the WGA caved in, they didn’t….they still think the merger is harmful but lost their partners funding them.
Not specifically Big bank take little bank but same idea unfortunately.
Paramount has reached a settlement on the lawsuit with the 12 U.S. states and can move forward with the Warner Bros merger.
An official announcement will happen later today.
(Source: https://t.co/47kPxdcyJd)
Been binging this dudes vids about the situation like it’s a Netflix show. If you don’t support the movement he seems to be leading your anti creator. Plain and Simple
My Channel, and many more, will be deleted today/this week
Share this to spread the word
Here’s what YouTube and the Copyright Striker said to me:
https://t.co/oEnK8v9E54
Not being on social media can really put you in a bubble. Been stressing this past month with every video I edit getting a strike thinking I’m fucking up then I come in here and see it’s LITERALLY been happening to EVERY reaction channel bc of some random dude in his basement?
Why are we having bts issues with a C tier character😭 just forget about him and focus on the important characters like….idk ANYONE IN THE JUSTICE LEAGUE
Mahershala Ali has called out Marvel for ‘BLADE’ never happening.
“You had me under contract, they have billions of dollars, if they wanted to do the movie, we would've done the movie... I feel ready to move on from the Blade questions. Those questions are for them.”
(Source: https://t.co/jqpwJggi4e)
Aniplex you money hungry fucks there’s a reason your top anime has a DEAD fan base and it’s not because the mangas over. Let the fans enjoy the product….
The first trailer for ‘AVATAR: SEVEN HAVENS’ has been released.
The series follows Earthbending twins after a world-shattering disaster where one discovers she’s the new Avatar after Korra.
Releasing October 9 on Paramount+
First trailer for 'Avatar: Seven Havens'
Follows the next Avatar after Korra in a post-apocalyptic world
All 26 episodes are releasing on Paramount+ October 29
https://t.co/xRq1FK9ax2
It’s interesting because if I were to actually explain what paramount argument will be I think most people would actually agree with it. It’s still fuck paramount tho…
This is a small win but the fight is far from over
The August 3rd hearing will actually reveal everyone’s cards on the table
If the preliminary injunction is granted they still have until March 4th 2027 to push for the merger with a more than likely extension to June 4th 2027
The merger is NOT blocked, it’s is only on a temp 2 week hold
The other states have not had their arguments examined and Paramount has not given their counter arguments
The hold is because once the merger actually happens it becomes virtually impossible to separate them