The high-stakes deal that came together this week resulted from months of back-and-forth among a constellation of power players with competing interests, including the president, the Larry Ellison family and mogul Shari Redstone.

Paramount told us that the settlement terms were proposed by a mediator and that it will pay $16 million, including plaintiffs' fees and costs. That amount, minus the fees and costs, will be allocated to Trump's future presidential library, Paramount said. Trump's complaint sought at least $20 billion in damages.

Paramount said it would pay $16 million to settle the lawsuit, with the money allocated to Donald Trump's future presidential library.