On Monday, September 21, Paramount Skydance reached a settlement with California and 11 other states that sued to block its merger with Warner Bros. Discovery, clearing a major legal hurdle. The

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.

Investment in domestic production, quiet mediation from Gov. Gavin Newsom and the threat of relocating helped Paramount forge a settlement with state attorneys general.

With Paramount and Warner Bros. under his control, Mr. Ellison will be “the Hollywood equivalent of Superman, Caesar and Midas combined.” But challenges remain.

EXCLUSIVE: As Hollywood prepares to celebrate Yom Kippur at sundown tonight, a framework for a settlement of the antitrust suit hampering Paramount’s $111 billion acquisition of Warner Bros Discovery has hit some political potholes on the way to what some hoped would be a quick deal.

As the company continues to battle California over its proposed merger with Warner Bros., the CEO is reportedly looking to other states.

The “Last Week Tonight” host slyly snarked on his forthcoming “business daddy” David Ellison — even though it could get Oliver kicked off the air as well.

Whatever the true state of settlement talks this weekend between Paramount, a coalition of state Attorneys General and the Writers Guild of America to end the antitrust action over the $111 billion Warner Bros Discovery merger are,

David Ellison’s Paramount-WBD deal brings CBS, CNN, HBO, Warner Bros. and more together, while Larry Ellison’s Oracle has a 15% TikTok stake.

The settlement ends a fractious two-month legal battle.