AMERICANALMANAC (Alan Benson) - Paramount threatens to leave California after a century, as state attorneys general move to block $110 billion merger
Paramount executives have told Los Angeles officials the studio is "deadly serious" about abandoning California, its home for more than 100 years, unless the state drops its antitrust challenge to the company's pending merger with Warner Bros. Discovery. CEO David Ellison's company put the threat in sharper terms this week, telling L.A. Mayor Karen Bass […] The post Paramount threatens to leave California after a century, as state attorneys general move to block $110 billion merger appeared first on American Almanac .
Paramount executives have told Los Angeles officials the studio is "deadly serious" about abandoning California, its home for more than 100 years, unless the state drops its antitrust challenge to the company's pending merger with Warner Bros. Discovery. CEO David Ellison's company put the threat in sharper terms this week, telling L.A. Mayor Karen Bass that a deposit has been placed on "moving trucks" and identifying Georgia, Tennessee, and Texas as potential new homes. The escalation comes less than two weeks before an October 1 deadline that will trigger a ticking fee of roughly $7.2 million per day, money Paramount must pay directly to Warner Bros. Discovery shareholders for every day the deal remains stalled. Over a full quarter, that…Open