Regulators require Paramount to divest Miramax if the merged company fails to release 30+ films per year.
According to Deadline, one settled term in Paramount’s union with Warner Bros requires that if the combined merger doesn’t yield a 30-plus films per year commitment, they may have to divest Miramax, Par sister label. Such a divestiture would be required if Paramount fails to make up for the shortfall.
Key facts
- 01Gang of Four AGs negotiated term in Paramount’s union with Warner Bros
- 02Annual film commitment set at 30-plus films per year
- 03Divestiture would occur if Paramount cannot make up the shortfall
- 04Miramax is identified as the Par sister label to be potentially divested
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