CEO David Ellison's antitrust settlement eased some theatrical concerns, but questions remain about what happens once the five-year agreement expires.
A US judge reviewing the deal with California was told any settlement must not be the result of collusion.
Paramount Skydance has reached an agreement with twelve US states to end the proceedings challenging its acquisition of Warner Bros. Discovery, subject to the validation of a judge.
The agreement with US states includes a requirement tied to annual film production.
The company could avoid a $7 million daily fee if the merger closes by September 30.
The deal would resolve an antitrust lawsuit that had threatened to delay the acquisition until mid-2027, according to reports cited by CNBC.
A report from The Verge sets out the main available details, with claims kept attributed to their sources.
The $110 billion takeover can advance under commitments covering film production, jobs and editorial independence.
The agreement resolves a lawsuit brought by 12 states and a separate dispute involving the Writers Guild of America.
A settlement could help Paramount avoid paying millions of dollars in fees to Warner Bros. shareholders, according to a Reuters report.
The broadcaster has secured the advertising sales contract for Channel 5 owner Paramount, days after announcing 340 job cuts
Creators Matt Stone and Trey Parker say the name change for the show's 29th season is 'inspired' by tech companies that renamed geographic features at Donald Trump's request.
The Federal Communications Commission has cleared a deal allowing Paramount, the parent company of CBS, to sell a 49.5% equity stake to investors from Saudi Arabia, the United Arab Emirates and Qatar, according to a report by Ars Technica.