A Hollywood happy ending for unnecessary Paramount – Latest News
The Paramount-Warner Bros. deal goes by — and that’s a good factor. We stated California Attorney General Rob Bonta ought to attain an settlement — and he did.
Left-wing activists are upset. “Gavin Newsom hands huge win to Trump and his billionaire cronies,” stated Hollywood actor Mark Ruffalo.
“Hate to say it but we all got played,” he added.
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The Paramount-Warner Bros. deal goes by — and that’s a good factor. We stated California Attorney General Rob Bonta ought to attain an settlement — and he did. Getty Images
David Ellison, CEO of Paramount Skydance, speaks during CinemaCon 2026 at The Dolby Colosseum at Caesars Palace, Thursday, April 16, 2026, in Las Vegas. Getty Images for CinemaCon
They did. Because this was all about politics for Bonta. It was by no means actually about consolidation.
The five-year deal is a no-brainer, from the angle of saving jobs and defending the US movie industry.
Hollywood stood to lose tens of 1000’s of jobs, and billions of {dollars} in financial exercise, if the deal fell by and Paramount left for Nashville. It was not simply a risk, however a actual chance.
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Gavin Newsom didn’t need that failure on his resume earlier than a presidential run. While the Paramount talks had been occurring he made sure to signal post-production tax credit into law — a message to Bonta, and Paramount.
Instead of shedding two studios, Hollywood will keep a bigger one — with some job cuts at first, however with prospects of future success, because the company retools for the streaming content material period.
It wasn’t a full cave for the California AG. Bonta can say that he secured a dedication from Paramount to provide $1.5 billion of home content material, plus 30 movies per yr, rising to 32 after the primary two years.
They did. Because this was all about politics for Bonta. It was by no means actually about consolidation. REUTERS
The AG says he’s nonetheless upset concerning the merger. But his actual objection — like that of most Democrats — was that the Ellison household stood to gain control of CNN, along with CBS News, which David Ellison’s Skydance purchased final yr.
Bari Weiss — a liberal who left the New York Times for being too “woke” — took over CBS News and commenced implementing actual editorial requirements. The left is terrified the identical may occur at CNN, which has been laughably left-wing in recent times.
Bonta secured an settlement that each CBS and CNN could have impartial editorial boards. But he couldn’t power Ellison to depart CNN out of the deal.
It’s ironic that the identical crowd that accuses President Donald Trump of making an attempt to control the media by pulling White House entry desires to control the media by controlling who owns what.
But cooler heads have prevailed, exhibiting California nonetheless has some common sense and good will, even when they take a whereas to show up.
