Paramount makes concessions to salvage $111 billion Warner Bros. Discovery deal

Sep 21, 2026 · David Folkenflik

Originally published by NPR News Read the original

Paramount makes concessions to salvage $111 billion Warner Bros. Discovery deal

David Ellison, Chairman & CEO, Paramount Skydance speaks on stage during New York Upfront Partnership Event 2026 at Storied NYC on April 22, 2026 in New York City.

Paramount's owners have made concessions to 12 Democratic state attorneys general to settle a lawsuit that endangered the media company's bid for its larger Hollywood rival, Warner Bros. Discovery.

(Image credit: Noam Galai/Getty Images for Paramount)