California Ag Bonta Addresses Paramount Settlemen
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“CALIFORNIA AG BONTA ADDRESSES PARAMOUNT SETTLEMEN”
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Paramount is the only major studio still in Hollywood proper!
Paramount's Melrose Ave lot has called Hollywood home since 1926. Disney, Warner Bros., Universal & Sony all operate from Burbank, Universal City, or Culver City — miles outside Hollywood.
CA settlement locks Paramount into $300M/yr in local film production.
The $300M/yr production floor is a key condition of CA AG Bonta's antitrust settlement on the ~$8B Skydance-Paramount merger — designed to keep film jobs and production from leaving California.
Topic poll · all networksWhat was the total value of the Skydance-Paramount merger deal?
- ~$4 billion
- ~$8 billion
- ~$15 billion
- ~$28 billion
Guess, then reveal the answer
~$8 billion
Viacom bought CBS for $37.4B in 2000; Paramount sold for ~$8B in 2024!
Paramount's parent commanded a $37.4B valuation at its 1999 CBS merger peak. The Skydance deal 25 years later came in at ~$8B — an 80% collapse for one of Hollywood's oldest studios.
Warner Bros. was forced to sell its theaters by the 1948 Paramount Decree.
The landmark antitrust ruling banned the 'Big Five' studios from owning theaters. The DOJ vacated the Paramount Decree in 2020 — just years before today's mega-mergers began reshaping Hollywood.
