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Paramount Skydance Clears Its Biggest Hurdle: Inside the $110 Billion Warner Bros. Discovery Settlement

Paramount Skydance's September 21 settlement with 12 states and the Writers Guild removes the main legal barrier to its $110 billion Warner Bros. Discovery takeover — but the five-year consent decree imposes film quotas, $30 million penalties, and $1.5 billion in US production spending.