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Consent DecreeLow RiskMultistate

Attorney General James Secures Critical Protections for Entertainment Industry Workers from Paramount and Warner Bros.

Paramount Skydance Corp. and Warner Bros. Discovery, Inc.September 21, 2026New York Attorney General

Summary

New York Attorney General Letitia James and a coalition of 11 other attorneys general secured enforceable commitments from Paramount Skydance Corp. and Warner Bros. Discovery, Inc. to protect entertainment industry workers during their merger. Paramount must release at least 30 films per year, invest $1.5 billion in domestic film production, and create an independent editorial board for CNN and CBS. The consent decree also requires Paramount to sell Miramax and pay penalties if it fails to meet production requirements.

Remedy

Paramount must release at least 30 films every year, including 20 wide-release films, with 20% being big-budget 'tentpole' films; invest $1.5 billion more in domestic film production over five years; negotiate cable channel licensing fees separately from Warner Bros.; and create an independent editorial board for CNN and CBS. If Paramount fails to meet production requirements, it must sell Miramax and pay $30 million per film shortfall. Paramount must also sell certain cable channels if it fails to abide by licensing commitments.

InjunctionConsent DecreeReporting Requirements

Contract Impact

In-house legal teams at entertainment companies should review their film production and distribution agreements to ensure compliance with minimum production and release commitments, including annual film output and wide-release obligations. They should also examine cable channel licensing agreements to ensure separate negotiation of fees for Warner Bros. channels, and review any agreements related to editorial oversight of news divisions to ensure independence. Additionally, contracts with tax credit recipients and unionized workers should be reviewed to align with the $1.5 billion domestic production investment commitment.

Contract Search Terms

film production agreementdistribution agreementcable channel licensingeditorial independencemerger commitmentsdomestic film productiontax creditsunion workers

Violation Types

Entity Details

Entity

Paramount Skydance Corp. and Warner Bros. Discovery, Inc.

Industry

Media & Entertainment

Multistate Coalition

Official Sources

Source Evidence

Event Date
"September 21, 2026"
Entity Name
"Paramount Skydance Corp. (Paramount) and Warner Bros. Discovery, Inc. (Warner Bros.)"
Is Multistate
"a coalition of 11 other attorneys general"
Remedy Summary
"Paramount will release at least 30 films every year"
Remedy Summary
"pay $30 million in penalties for every film that falls short"

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