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Paramount pays Trump $16 million to settle Harris lawsuit
Paramount pays Trump $16 million to settle Harris lawsuit

Paramount has agreed to pay $16 million to settle its lawsuit with Donald Trump filed during the 2020 presidential campaign, according toThe Washington Post. The deal is controversial as legal experts said Paramount had a strong chance of prevailing in court and may have settled to smooth the path for its $2.4 billion Skydance merger. 
Paramount said the $16 million would be allocated to Trump's future presidential library and not paid to him "directly or indirectly." In addition, it "does not include a statement of apology or regret," according to the media company. 
Trump filed the lawsuit over a CBS interview with Kamala Harris that aired in October, initially demanding $10 billion and an apology. The network said it edited one of her answers for time (about Israel's prime minister Benjamin Netanhau), but Trump's attorney alleged that CBS intended to "confuse, deceive and mislead the public" by leaving out her full comments. Several legal experts called the lawsuit "frivolous and dangerous," as CBS didn't report any factual inaccuracies and the First Amendment gives media companies wide leeway in presenting information. 
The Federal Communications Commission (FCC) reviewing the Skydance merger has said that its approval wasn't linked to Trump's lawsuit. However, some Paramount executives saw the complaint as an obstacle to completing the deal, according to The New York Times, and the settlement was championed by Paramount's board chair, Shari Redstone. Inside CBS's newsroom, it was seen by some employees as a low point for a network with a storied history in news and investigative reporting. 
Paramount has struggled financially after investing billions into its streaming service, Paramount+, which has yet to turn a profit. Under Skydance owner and new CEO David Ellison, the company plans to rebuild its streaming technology while reducing costs and improving efficiency. That won't happen until the merger is final, though, and the delay is reportedly also holding back the development of key franchises like Star Trek.This article originally appeared on Engadget at https://www.engadget.com/entertainment/paramount-pays-trump-16-million-to-settle-harris-lawsuit-124505902.html?src=rss

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FCC approves Skydance's $8 billion Paramount acquisition
FCC approves Skydance's $8 billion Paramount acquisition

<p>Regulators won&#39;t stand in the way of Skydance&#39;s <a data-i13n="cpos:1;pos:1" href="https://www.engadget.com/entertainment/paramount-pays-trump-16-million-to-s [...]

Match Score: 185.68

X will pay ‘about $10 million’ to settle lawsuit over Donald Trump’s Twitter suspension
X will pay ‘about $10 million’ to settle lawsuit over Donald Trump’s

<p>X has reached a settlement with President Donald Trump in a lawsuit over the president’s 2021 suspension from Twitter. <em>The Wall Street Journal </em><a data-i13n="elm [...]

Match Score: 144.54

Paramount reportedly wants to acquire Warner Bros. Discovery, antitrust law be damned
Paramount reportedly wants to acquire Warner Bros. Discovery, antitrust law

<p>Paramount Skydance, apparently now in a state of permanent merger, plans to make a bid to acquire Warner Bros. Discovery, <a data-i13n="elm:affiliate_link;sellerN:The Wall Street Jour [...]

Match Score: 123.41

Call of Duty is getting the movie treatment, courtesy of Paramount
Call of Duty is getting the movie treatment, courtesy of Paramount

<p>Paramount has just signed a deal with Microsoft and Activision to make a movie based on the iconic Call of Duty franchise. The valuation of the deal hasn&#39;t been revealed, <a data-i [...]

Match Score: 120.15

Meta will pay $25 million to settle a lawsuit with Donald Trump over his 2021 Facebook suspension
Meta will pay $25 million to settle a lawsuit with Donald Trump over his 20

<p>Meta has agreed to pay President Donald Trump $25 million to settle a <a data-i13n="elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1" class="no-affiliate-link" href=&q [...]

Match Score: 108.97

Trump drops his appeal in legal battle over 2021 Twitter ban
Trump drops his appeal in legal battle over 2021 Twitter ban

<p>Trump and the company formerly known as Twitter appear to have ended their <a data-i13n="elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1" class="no-affiliate-link" hr [...]

Match Score: 91.06

Apple agrees to settle a 2019 Siri privacy lawsuit for $95 million
Apple agrees to settle a 2019 Siri privacy lawsuit for $95 million

<p>Apple has moved to <a data-i13n="elm:context_link;elmt:doNotAffiliate;cpos:1;pos:1" class="no-affiliate-link" href="https://storage.courtlistener.com/recap/gov.usc [...]

Match Score: 90.03

Apple has agreed to pay $20 million to settle a class action lawsuit over Apple Watch battery swelling
Apple has agreed to pay $20 million to settle a class action lawsuit over A

<p>Owners of some early Apple Watch models may be eligible for payment from a $20 million class action settlement. Apple recently <a data-i13n="elm:context_link;elmt:doNotAffiliate;cpos: [...]

Match Score: 79.78

Google ordered to pay $425 million in app data collection lawsuit
Google ordered to pay $425 million in app data collection lawsuit

<p>Google <a data-i13n="cpos:1;pos:1" href="https://www.courthousenews.com/jury-slams-google-over-app-data-collection-to-tune-of-425-million/">must pay $425 million< [...]

Match Score: 73.69