David Ellison Threatens To Move Paramount Out of California Over Antitrust Lawsuit

SummaryParamount Skydance CEO David Ellison informed executives that the company will begin relocating operations out of California on October 1 unless an antitrust suit is settledCalifornia Attorney General Rob Bonta criticized the relocation threat as an attempt to blackmail the state into approving the Warner Bros. Discovery mergerThe proposed move aims to offset ticking fees of $7 million USD per day payable to WBD shareholders starting in October if the deal remains stalledParamount executi...