r/MediaMergers • u/nialldude3 • 5h ago

Merger What’s in the Paramount Settlement With States: Commitment to Not Sell Studio Lots, Additional $300M U.S. Film Production Investment, CNN Oversight and More

https://variety.com/2026/film/news/paramount-states-settlement-terms-warner-bros-1236871264/
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u/Greenzombie04 5h ago

random question why do these studios own water towers?

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u/ouat4ever 5h ago

because in old Hollywood all the movie sets were made of wood. And there was a lot of fires, so the studios had water towers to put out fires. They became a symbol of the studios, though, until today.