<2>Paramount Skydance and Warner Bros. Discovery < class="link" href="https://ir.paramount.com/news-releases/news-release-details/paramount-acquire-warner-bros-discovery-form-next-generation" target="_blank">are officially merging in a deal that values Warner Bros. Discovery at $31 per share. The studio < class="link" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001065280/43564764-9083-42d9-bcfc-084b656fced5.pdf" target="_blank">paid Netflix the $2.8 billion termination fee it was owed for breaking its original deal to buy Warner Bros. earlier today, and the historic film studio has now formally accepted Paramount’s offer.
<>Along with the deal, which includes a guarantee that the new company will produce 30 theatrical films annually, that theatrical releases will have a minimum 45-day window in theaters before they’re brought to video on demand, and that deal itself will close by Q3 2026, Paramount is making several commitments to assuage the fears of regulators and the entertainment community.
<>This turnaround in Paramount’s fortunes