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Paramount-Warner Bros Discovery $110 billion merger gains momentum as lawsuit settled

Paramount has reached a settlement with 12 U.S. states that sued to block its acquisition of Warner Bros Discovery, easing a key legal obstacle to the $110 billion merger. The deal includes commitments to maintain theatrical releases for five years and raise U.S. film production spending. It also sets penalties for non-compliance, creates a worker support fund and imposes conditions on cable channel contracts, Pluto TV and news independence.