Paramount’s settlement with 12 state AGs includes keeping California studio lots, a $300 billion (or $300 million) boost to U. film production, 30 annual releases, and a news editorial board for CNN/CBS.
The consent decree between Paramount and 12 state attorneys general requires the merged Paramount‑Warner Bros. entity to retain its California production lots and not sell either the Paramount or Warner Bros. studios. The agreement also obligates the company to release at least 30 movies per year and to increase U.S. film production spending, described in the filing as an additional $300 billion annually and, elsewhere, as at least $300 million more than in 2025.
Further provisions cover separate basic‑cable negotiations for the combined company’s channels for five years, preservation of collective‑bargaining agreements, and funding for workforce training. A “News Editorial Independence Board” will oversee CNN and CBS News operations, while an internal compliance monitor, an independent monitoring trustee, and a five‑state committee will enforce the terms. Failure to meet the commitments could trigger penalties, including possible divestiture of assets.