Paramount Skydance formally defended its $110 billion bid for Warner Bros. studio in a May 7 letter to California’s Attorney General. The state office is currently investigating the proposed takeover.
Chief Legal Officer Makan Delrahim addressed growing opposition from Hollywood creators. Critics fear the merger will lead to job cuts and a reduced focus on theatrical releases.
Paramount pledged to release at least 30 films annually if the acquisition is approved. The company committed to a minimum 45-day exclusive theatrical window for these titles.
Delrahim argued this strategy is essential for competing in the current entertainment landscape.