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Now Streaming: Paramount says it satisfied regulatory approvals for Warner deal

Now Streaming: Paramount says it satisfied regulatory approvals for Warner deal

<p>"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.</p><p><b>PLAYING THIS WEEKEND: </b>This weekend's most notable streaming content is the fifth and final season of Netflix <a href="/NFLX">(NFLX)</a> mystery teen drama "Outer Banks." Meanwhile, Hulu <a href="/DIS">(DIS)</a> subscribers can catch the first episode of the new season of comedy series "It's Always Sunny in Philadelphia," while HBO Max <a href="/WBD">(WBD)</a> users can stream psychological drama film "Mother Mary," starring Anne Hathaway and Michaela Coel. </p><p><b>PARAMOUNT/WARNER BROS.:</b> Last Friday, Paramount Skydance <a href="/PSKY">(PSKY)</a> said it has satisfied all regulatory clearances required under the merger agreement to close its proposed acquisition of Warner Bros. Discovery. The company said, "The eight-month review process has spanned 68 countries worldwide, including the European Union, UK, Australia, Canada, Brazil, China, COMESA, the U.S. Department of Justice and, most recently, Mexico, which announced its clearance today. These independent regulators from across the globe applied the law and market definitions that reflect how audiences consume entertainment and how media companies compete today - and have consistently found no basis to prevent the transaction from moving forward. Paramount and WBD could and would close today and begin delivering the benefits recognized by regulators around the world, theater owners and others across the industry but for the actions of just 12 state attorneys general." Paramount urges the 12 state attorney generals who brough litigation to "engage with us in good faith, as we have repeatedly sought to do, to resolve this litigation and clear the way to bring these two companies together."</p><p>Meanwhile, Reuters' David Shepardson reported this week that Paramount has asked a U.S. judge to require states challenging the acquisition of Warner Bros. to post a $1.88B bond to address the costs caused by the delays. The company must pay $7M a day if the $110B merger does not close by September 30. Paramount noted trials with the states is scheduled for March and final legal briefs are in April, which would result in Paramount Skydance paying Warner Bros $1.3B in "ticking fees."</p><p>Additionally, while a dozen state attorneys general argue the takeover of Warner Bros. Discovery would hurt movie theaters, chains controlling 60% of the U.S. market now argue the opposite, Brooks Barnes of The New York Times reported. Cinemark <a href="/CNK">(CNK)</a> is the latest movie theater owner to support CEO David Ellison's deal, pointing to Ellison's "firm" commitment for at least 30 movies in theaters each year, waiting at least 45 days before making them available on streaming, and 90 days before being put on subscription streaming services. AMC Entertainment <a href="/AMC">(AMC)</a> endorsed the transaction in April after similar assurances from Ellison. Regal similarly followed suit this month. </p><p><b>PEACOCK PRICE: </b>Effective August 18, the prices of Peacock <a href="/CMCSA">(CMCSA)</a> subscription plans have changed. A Peacock Select monthly subscription is now $8.99/month up from $7.99. A Peacock Premium monthly subscription is now $12.99/month up from $10.99. A Peacock Premium Plus monthly subscription is now $19.99/month up from $16.99. A Peacock Select annual subscription is now $89.99/year up from $79.99. A Peacock Premium annual subscription is now $129.99/year up from $109.99. A Peacock Premium Plus annual subscription is now $199.99/year up from $169.99. The company said, "These price changes allow Peacock to continue to create the best experience for its viewers, remain competitive in the marketplace, and deliver unique content across all genres. Current annual subscribers, or any users on active promotional offers, will continue at their current prices until those plans or offers expire. Subscriptions will then renew at the new price."</p><p><b>DISNEY/FCC: </b>Disney's ABC is suing the FCC, arguing that its efforts to challenge ABC's broadcast licenses and regulate The View are unconstitutional attempts to suppress speech, The Wall Street Journal's Joe Flint reported. ABC's current fight with the FCC stems from a broader dispute that began with Brendan Carr's investigation into Disney's DEI practices, while ABC executives viewed the probe as connected to criticism from programs including Jimmy Kimmel Live! and The View, Flint said. The FCC maintains the DEI review is focused on potential discrimination violations and is separate from programming, while ABC argues the investigations have become a means of pressuring the network over its speech.</p><p><b>YOUTUBE/NETFLIX:</b> YouTube <a href="/GOOGL">(GOOGL)</a> is offering millions of dollars to popular channels on its platform if they upload videos exclusively to the site for a period of time, Lucas Shaw of Bloomberg reported, citing people familiar with the matter. YouTube is hoping to halve Netflix's pursuit of its top stars. The company has not yet finalized any deals with creators but is close to an agreement with several partners, the sources added.</p><p><b>STOCK PLAYS:</b> Other publicly traded companies in the streaming space include Apple <a href="/AAPL">(AAPL)</a>, Roku <a href="/ROKU">(ROKU)</a>, Fox <a href="/FOXA">(FOXA)</a>, Amazon <a href="/AMZN">(AMZN)</a>, AMC Global Media <a href="/AMCX">(AMCX)</a>, and Fubo <a href="/FUBO">(FUBO)</a>.</p>

Aug 21, 2026 08:05 AM https://thefly.com
Paramount Skydance Corporation Announces Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers

Paramount Skydance Corporation Announces Extension of Expiration Dates of Previously Announced Exchange Offers and Tender Offers

LOS ANGELES and NEW YORK, Aug. 17, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the "Tender Offers" and each, a "Tender Offer") for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the "Offer to Purchase"), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), as applicable, and (ii) offers to exchange (the "Exchange Offers" and each, an "Exchange Offer" and, together with the Tender Offers, the "Offers" and each, an "Offer"), upon the terms and subject to the conditions set forth in the related exchange offer memorandum (the "Offering Memorandum"), any and all of the identified notes in each series of the Existing Exchange Offer Notes (defined by reference to the table set forth below) (together with the Existing Tender Offer Notes, the "Offer Notes") issued by the applicable WBD Issuer for notes to be newly issued by Paramount. The Expiration Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) have been extended to 5:00 p.m.

Aug 17, 2026 05:00 AM prnewswire.com
Paramount Seeks Settlement With 12 States Blocking Its Merger With Warner Bros.

Paramount Seeks Settlement With 12 States Blocking Its Merger With Warner Bros.

“While we remain confident that the law and the facts are on our side, we have offered commitments and concessions and remain open to working constructively with the State AGs to find a path forward in the interest of our employees and the creative community in California and across the world – just as we have with the regulators in 68 countries worldwide,” Paramount CEO David Ellison said in the statement.

Aug 14, 2026 01:55 PM forbes.com

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