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Paramount CEO Threatens to Exit California Over Merger Lawsuit

Paramount CEO David Ellison has told the company's top executives that he will start moving the company out of California on Oct. 1 unless the state's attorney general agrees to negotiate a settlement in the antitrust lawsuit challenging Paramount's planned merger with Warner Bros. Discovery. Ellison made the remarks at a meeting last week, according to reports. The lawsuit, filed by 12 states, seeks to block the merger. Ellison is eager to reach a swift resolution in the case, and the threat to leave California appears aimed at gaining leverage in the dispute. Attorney General Rob Bonta has not yet responded publicly.

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