Paramount Acquires Warner Bros. Discovery and TVN Amid Major Hollywood Restructuring
Paramount Skydance is set to finalize its approximately 110 mld dolarów acquisition of Warner Bros. Discovery on October 6, following a federal court’s approval of a settlement negotiated with U.S. states including California, Next Gazeta.pl reported. The transaction brings together major film studios, streaming platforms, and broadcast networks under a single corporate umbrella.
Court Approval and Financial Guarantees Under the Settlement Agreement
U.S. District Judge Araceli Martinez-Olguin approved the settlement on September 30, removing the final legal barrier to the merger hours before a contractual penalty fee was set to trigger. Next Gazeta.pl reported that under the merger terms, Paramount had agreed to pay 25 cents per share in quarterly delay fees to Warner Bros. Discovery shareholders, amounting to roughly 600 million dollars if the deal remained stalled. The court-approved settlement forces the combined media giant to release at least 30 films annually. According to Bloomberg reporting cited by Next Gazeta.pl, negotiators considered enforcing a 30 million dollar penalty for each film that falls short of that annual target, with potential forced sales of Miramax studio stakes as an additional penalty mechanism.
Corporate Restructuring and Leadership Changes at Warner Bros.
David Ellison, the primary shareholder and chief executive of Paramount Skydance, announced that Ynon Kreiz, the former head of Mattel, will join the company as co-president on October 5. Amid these struggles, Ryan Coogler’s “Grzesznizers” stood out as their greatest success, grossing over 371 milionów dolarów worldwide and winning multiple awards, including four Oscars, though other studio projects failed to find financial success. Paul Thomas Anderson’s “Jedna bitwa po drugiej” won six Oscars, including best picture, director, adapted screenplay, and supporting actor for Sean Penn, but failed to turn a profit, while “Furiosa: Saga Mad Max,” “Mickey 17,” and “Koniec ulicy Dębowej” were better received critically but also failed to become financial hits. Josh Greenstein and Dana Goldberg from Paramount are slated to step into these leadership roles, pivoting the studio’s production strategy toward established commercial intellectual property.
Regulatory Oversight and Structural Safeguards for News Operations
The merged entity will control Paramount Pictures, Warner Bros., HBO Max, Paramount+, MTV, Comedy Central, Cartoon Network, and news networks including CNN and CBS News. OKO.press reported that explicit guarantees protecting the operational independence of CNN and CBS in Poland do not apply locally, while Next Gazeta.pl noted that a newly appointed editorial board will oversee those networks. The settlement also mandates that Paramount invest heavily toward American film production and workforce training programs. While California Attorney General Rob Bonta stated that the agreement resolves foundational antitrust concerns by protecting industry jobs, critics represented by the Block the Merger coalition argued in court filings that the remedies fail to ensure fair competition.
New Owner Will Change TVN Name
Money.pl reported that the new owner of TVN will change the name. The acquisition places TVN alongside international networks under the consolidated Paramount-Skydance corporate structure, integrating regional broadcast assets into a global media portfolio.

Larry Ellison Backs Deal Amid Hollywood Opposition
The transaction is financially backed by the CEO's father, Larry Ellison, a close ally of President Donald Trump. Meanwhile, opposition from within Hollywood has been vocal, with actor Mark Ruffalo stating that the merger will stifle creativity, weaken free speech, and cost people jobs, as Paramount targets over 6 mld dolarów in integration savings. Dean Devlin—co-writer and producer of "Stargate," "Independence Day," and "Godzilla," which collectively grossed significant sums worldwide—also discussed the consolidation while appearing at Comic-Con in Malaga on the invitation of the SciFi channel to present the third season of "The Ark" and the second season of "The Librarians: The Next Chapter." Devlin defended David Ellison's background in filmmaking, noting he is uniquely qualified among media executives, though industry critics like the Block the Merger coalition continue to push back against the consolidation.