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Paramount weighs Musk as equity investor amid $80B debt load

The Hollywood Reporter reports Paramount executives are exploring an Elon Musk investment as part of a syndicate backing the Warner Bros deal, per a Semafor report citing unnamed sources describing preliminary talks with no confirmed investment size.

Why it matters. Bringing on Musk as an equity holder in a company that owns CBS News and CNN intensifies scrutiny of editorial interference in an already politically charged deal.

Signal from hollywoodreporter.com · Carly Thomas · read the original.

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California AG drops opposition to Paramount-Warner deal

TVREV’s Alan Wolk reports that California AG Rob Bonta backed off his antitrust challenge to the Paramount-Warner merger after unions, theater chains and state political figures sided with the deal over fears of losing 30,000 jobs to another state.

The CW is becoming Nexstar’s affiliate insurance policy

TVREV’s Tim Hanlon reports that Nexstar has pushed its CW ownership stake past 81 percent and swapped CBS affiliations for CW ones in four markets, while citing the network’s contribution to distribution revenue growth in SEC filings.

Disney+ ad tier expands to Austria and Poland

Advanced Television’s Nik Roseveare reports that Disney+ will launch its Standard with Ads plan in Austria and Poland in November, alongside existing Standard and Premium tiers.