Paramount-Warner Bros Penalty If Merger Fails To Release 30 Pics A Year: Divest Miramax
News Source
β’Mon, 21 Sep 2026 19:15:34 +0000
π° What Happened
The Paramount-Warner Bros. Discovery settlement includes a penalty if the merged company misses its film targets. It must release 30 or more films a year.
If it falls short, it gets six months to catch up. If it still fails, it must sell Miramax, Paramount's sister studio label. It must also pay $30 million for each missed film.
California's attorney general, Rob Bonta, confirmed the terms at a press conference. He called the Miramax sale a "structural" penalty.
π The Backstory
The merged company must also release at least four independent films a year. At least 20 per cent of its films must be big blockbusters with budgets over $50 million.
Miramax is a small part of Paramount's empire. Paramount owns 49 per cent of it, with Qatar's beIN Media Group holding the rest. Paramount paid $150 million for its share in 2020.
Miramax has had recent hits. Scary Movie took $231.9 million worldwide, and its series The Gentlemen was the number one show on Netflix worldwide.
π― Why It Matters
The rule is meant to stop the merger from cutting film output. Fewer films would mean less work for actors, crews and writers.
The Paramount-Warner Bros. Discovery settlement includes a penalty if the merged company misses its film targets. It must release 30 or more films a year.
If it falls short, it gets six months to catch up. If it still fails, it must sell Miramax, Paramount's sister studio label. It must also pay $30 million for each missed film.
California's attorney general, Rob Bonta, confirmed the terms at a press conference. He called the Miramax sale a "structural" penalty.
The merged company must also release at least four independent films a year. At least 20 per cent of its films must be big blockbusters with budgets over $50 million.
Miramax is a small part of Paramount's empire. Paramount owns 49 per cent of it, with Qatar's beIN Media Group holding the rest. Paramount paid $150 million for its share in 2020.
Miramax has had recent hits. Scary Movie took $231.9 million worldwide, and its series The Gentlemen was the number one show on Netflix worldwide.
The rule is meant to stop the merger from cutting film output. Fewer films would mean less work for actors, crews and writers.