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Story summary
- Paramount Global, Warner Bros. Discovery, and twelve state attorneys general defended their antitrust settlement against Senator Cory Booker’s objections.
- The five-year consent decree guarantees a yearly pipeline of new theatrical releases to address output-reduction concerns.
- Booker warned the five-year limit provides no protection against output cuts after the sixth year.
- Judge Araceli Martinez-Olguin has not signed the decree and will issue a ruling in due course.
- Paramount sought a $1.88 billion bond to cover extraordinary losses while awaiting a March 2027 trial.