Paramount makes concessions to salvage $111 billion Warner Bros. Discovery deal

Paramount's owners have made concessions to 12 Democratic state attorneys general to settle a lawsuit that endangered the media company's bid for its larger Hollywood rival, Warner Bros. Discovery.

<img src='https://npr.brightspotcdn.com/dims3/default/strip/false/crop/8256x5184+0+0/resize/8256x5184!/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2Ff2%2F48%2F5f4d27b34d65a4c995aa5f63c616%2Fgettyimages-2272991569.jpg' alt='David Ellison, Chairman & CEO, Paramount Skydance speaks on stage during New York Upfront Partnership Event 2026 at Storied NYC on April 22, 2026 in New York City.'/><p>Paramount's owners have made concessions to 12 Democratic state attorneys general to settle a lawsuit that endangered the media company's bid for its larger Hollywood rival, Warner Bros. Discovery.</p><p>(Image credit: Noam Galai/Getty Images for Paramount)</p><img src='https://media.npr.org/include/images/tracking/npr-rss-pixel.png?story=nx-s1-5974909' />