Shares of Warner Bros Discovery and Paramount Skydance rose sharply as Paramount entered advanced settlement talks with California's Attorney General over its $110 billion acquisition of Warner Bros Discovery. The deal faces antitrust lawsuits from 12 states and the Writers Guild of America. A proposed settlement includes financial penalties if the combined company fails to release 30 films annually and potential forced sale of a Miramax stake. Opposition to the settlement has grown due to concerns over control of CNN and merger impacts. Paramount warns it may leave Hollywood if the dispute isn't resolved, adding pressure on regulators. The merger, approved by shareholders in April, remains under negotiation amid these legal challenges.
Warner Bros Discovery and Paramount Skydance shares are the story's subject. For readers following the media sector, here is Pluang's market snapshot as of Sep 21, 2026 22:02 WIB: Of 42 priced US media stocks, 29 rose and 13 fell. Notable gainers include SNAP at USD 5.76 (+3.97%), ANGI at USD 5.47 (+3.21%), and MANU at USD 20.32 (+3.20%).
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