After almost a year in the trenches pulling together his historic combination of Paramount Skydance and Warner Bros. Discovery, David Ellison has finally emerged victorious. On Monday, the Silicon Valley heir confirmed he’d reached a settlement with a group of state attorneys general, who sued to block the merger over antitrust concerns.
\n\nThe proposed merger was met with heated opposition by activist groups, top talent like Mark Ruffalo and whispers by Ellison’s legacy media competitors. But groups like the Hollywood labor guilds are celebrating the settlement news, as the staring contest between Ellison and the AGs caused paralysis in development and spending seemingly across the board at both companies.
\n\nHere are the cheers, jeers and looming fears of the players involved in “ParaBros”: WGAThe outspoken union acknowledged that their own active litigation against the ParaBros. merger could no longer continue once the state AG’s settled, largely over the cost of duking it out in court.
\n\n“We continue to believe the merger will cause damage to writers and the industry at large. Now that the Attorneys General have settled with Paramount, however, as a nonprofit, the WGA must contend with the reality of forging ahead alone, with no backing from government…
Original source: https://variety.com/