{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-112347","form_type":"8-K","ticker":"PSKY","cik":"0002041610","company_name":"Paramount Skydance Corp","filed_at":"2026-09-30T20:22:28+00:00","discovered_at":"2026-09-30T20:23:00.237197+00:00","generated_at":"2026-10-12T14:06:28.069080+00:00","sec_items":["8.01"],"event_type":"regulatory","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Court enters 12-state consent decree clearing Paramount-WBD merger; 5-year film release quotas imposed","bullets":["Court entered 12-state consent decree Sept 30, 2026, ending the Clayton Act suit (No. 4:26-cv-07116-AMO) and lifting the no-close order so the WBD merger can close.","Combined entity must release 30 films/year in years 1-2 and 32 in years 3-5, including 20-21 wide releases on 2,000+ screens and 4 independent films yearly, with 45-day theatrical windows.","Shortfalls trigger $30M per film (50% to industry health/retirement funds, 40% to MPTF, 10% to NAAG) or Miramax divestiture; US production spend must rise $300M/yr ($1.5B total).","WGA settlement: $17.5M to Writers' Guild-Industry Health Fund and up to $6.0M in WGA fees; CBS News WGA headcount held at baseline; no material impact seen on synergy targets.","Five-member News Editorial Independence Board for CBS News/CNN required within 180 days; Pluto TV must remain free ad-supported; state legal fees capped at $40M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-112347","json":"https://secwatch.observer/filing/0001104659-26-112347.json","markdown":"https://secwatch.observer/filing/0001104659-26-112347.md","text":"https://secwatch.observer/filing/0001104659-26-112347.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926112347/0001104659-26-112347-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2041610/000110465926112347/tm2626659d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:06:28.069080+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}