American film and TV producer/distributor owned by beIN Media Group and Paramount Skydance
Paramount Skydance faces antitrust litigation blocking its merger with Warner Bros. Discovery. A California-led legal challenge threatens to push Paramount’s headquarters and thousands of jobs out of California, triggering a potential $10.6–$21.2 billion hit to state output and hundreds of millions in tax losses. The LAEDC warns the move could reshape Hollywood’s economic center.
Harvey Weinstein has been sentenced to 23 years in prison after a long legal saga that includes a 2020 conviction overturned on appeal, a 2025 retrial conviction related to Miriam Haley, and ongoing litigation in California. Haley delivered a victim impact statement, while prosecutors praised her courage. Weinstein maintains innocence and faces a California resentencing after the New York judgment.
Twelve state attorneys general have reached a settlement with Paramount Skydance that has cleared the way for its merger with Warner Bros. The deal has required independent editorial boards for CNN and CBS, a commitment to release at least 30 theatrical films a year and a $30m penalty if that output target is missed. Critics and media advocates have condemned the concessions.
David Ellison has closed the roughly $110 billion merger that combines Paramount and Warner Bros. into a single company rebranded Skydance. The deal has folded HBO Max and Paramount+ together under one owner, brought CBS and CNN into the same corporate roof, and left the new firm carrying heavy debt while promising film release minimums and editorial safeguards.