Overview
- In a letter to Sen. Adam Schiff and Rep. Laura Friedman, David Ellison pledged to operate Paramount and Warner Bros. separately, target a combined 30 theatrical releases a year, and maintain at least a 45‑day theatrical window with continued third‑party licensing.
- Ellison said HBO would continue to operate independently and signaled an intention to adopt 60‑ to 90‑day or longer VOD windows for successful films after theatrical runs.
- He told lawmakers he has met with guild and union leaders and committed to bargaining in good faith, while urging Congress to reinstate Section 181 and create a federal film tax incentive to keep production in the U.S.
- At a Burbank hearing, lawmakers and industry figures raised alarms over potential job cuts and editorial independence at CNN and CBS News, with the session occurring the same day CBS News enacted new layoffs and ended its radio network.
- The $31‑per‑share transaction values Warner Bros. Discovery at roughly $110–111 billion and seeks about $6 billion in cost savings, drawing union opposition and entering intensive antitrust review, with Paramount indicating it aims to close by September.