What to know about Paramount antitrust settlement

Movie studio Paramount has agreed to settle an antitrust lawsuit filed by 12 states, the last big obstacle blocking the company’s $81 billion acquisition of Warner Bros. Discovery in a deal that would transform the movie industry landscape. In the settlement, which still needs to be signed off on by a judge, Paramount agreed to terms including a five-year movie production plan and to invest $1.5 billion in domestic movies.

State attorneys general say the settlement guarantees investment in domestic movie production and provides worker protection. But analysts say the deal is still likely to lead to less competition in the industry — and higher prices for consumers.

Read the original report at Apnews.