Protesters at Paramount's gates say Bonta 'caved' on Warner Bros. merger deal

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Set us as preferred Dozens of protesters rallied outside Paramount Skydance’s Melrose Ave.gate Tuesday morning to criticize the settlement agreement the company reached with California Atty.

Gen.Rob Bonta, arguing that it does too little to protect Hollywood jobs from the company’s impending merger with the impending merger with Warner Bros.

Discovery.The protest, organized by the Block the Merger coalition, came a day after the two sides agreed to settle antitrust claims brought in July by Bonta and 11 other state attorneys general.The settlement clears the way for Paramount’s roughly $111-billion acquisition of Warner Bros.

Discovery.The settlement agreement requires the combined company to release 30 films in theaters each year, commit at least an additional $1.5 billion to domestic film production and set aside $47.5 million for workers affected by the merger.It also includes stipulations on how basic cable channel negotiations must proceed, creates a board to protect the editorial independence of CBS News and CNN, and bars Paramount from selling or closing its Melrose Ave.

lot or Warner Bros.’ Burbank lot while requiring it to operate them “in a manner consistent with past practices.” An independent monitor will oversee the settlement implementation.The agreement will be in effect for five years and must still be approved by a judge.Hollywood Inc.

Paramount’s settlement with California Atty.Gen.

Rob Bonta means the blockbuster merger with Warner Bros.Discovery can move ahead.

But the implications for California are still unclear.Nevertheless, protesters held fake gravestones reading “RIP local business,” “RIP crew call” and “RIP creativity.” Speakers criticized the potential job losses stemming from the combination of two major studios.They cited an August report commissioned by Los Angel...