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Skydance to require 30+ theatrical releases yearly after merger

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Story summary
  • Paramount Skydance and Warner Bros. Discovery will become Skydance after the $110 billion merger closes on Oct. 6.
  • The consent decree requires at least thirty theatrical releases a year for two years then thirty-two thereafter.
  • Skydance must add $300 million annually to U.S. film production and cannot sell studio lots for five years.
  • David Ellison stays CEO while Ynon Kreiz becomes co-CEO to lead daily integration.
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