---
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"
generated_at: "2026-10-12T14:06:28.069080+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Court enters 12-state consent decree clearing Paramount-WBD merger; 5-year film release quotas imposed

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-112347
- JSON: https://secwatch.observer/filing/0001104659-26-112347.json
- Plain text: https://secwatch.observer/filing/0001104659-26-112347.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.