Clearing way for a Paramount-Warner Bros. merger
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The terms and timing of Paramount Skydance's settlement with state attorneys general were the byproduct of clever maneuvering by CEO David Ellison, who identified a unique point of leverage over the plaintiffs' ringleader California Attorney General Rob Bonta.
1don MSN
Paramount Deal Terms Laid Out By CA AG Rob Bonta, Who Says It Is "Not A Blessing" Of WBD Merger
California Attorney General Rob Bonta has revealed terms of a settlement with Paramount allowing it to acquired Warner Bros. Discovery, but stressed that the agreement is “not a blessing” of the mega-merger.
Tennessee officials pitched Paramount on relocating to the Volunteer State this summer. Now, Deadline reports the company will keep its major California studio lots for at least five years.
Paramount declined to comment on reports it may leave California, prompting responses from state officials as the company battles a lawsuit over its Warner Bros. Discovery deal.
California Attorney General Rob Bonta details the timeline for settlement of the antitrust lawsuit against Paramount regarding the Warner Bros merger deal.
Sept 20 (Reuters) - Paramount and California's attorney general have discussed a range of concessions as part of advanced settlement negotiations, including a $1.5 billion investment in production in the state, the Wall Street Journal reported on Sunday, citing people familiar with the talks.
California gubernatorial candidate Steve Hilton is blasting state leaders for driving Hollywood jobs out of California — as Paramount threatens to become the latest entertainment giant to flee the Golden State.