Paramount signs massive production deals
Paramount has therefore reached an agreement with the twelve US states that were attempting to block its $110 billion merger with Warner Bros. Discovery. David Ellison announced this to his staff. But what exactly does this agreement entail? The group has promised to increase its investment in US productions and… to significantly boost the number of releases, in return for commitments that resemble political safeguards more than a transformation of the business model. These guarantees will last for just five years. 30 films a year The compromise provides for at least an additional $300 million to be injected into US productions. It also imposes a high release rate: a minimum of 30 films per year following the merger. During the first two years, the new entity will have to release…