Rob Bonta on Paramount’s Threat to Leave California
Digest more
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.
David Ellison's hopes of reaching a quick deal to green light his $111B WBD merger has hit a wall of four state AGs who aren't on board
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.
Paramount Skydance is nearing an agreement with California officials that could remove a major obstacle to its $111 billion acquisition of Warner Bros.
Per the Wall Street Journal, the two sides are in "advanced talks" to resolve the case. A spokesperson for California Attorney General Rob Bonta's office said the discussions are "confidential."
A plan that would hold Warner Bros. Discovery separate from Paramount Skydance through the end of potential litigation may be the key in ending a standoff between the Hollywood studio and California Attorney General Rob Bonta,
It appears Rob Bonta called David Ellison’s bluff this week when the CEO of Paramount Skydance reportedly backchannelled a threat that he’d officially announce Paramount’s move out of
Paramount says its “deadly serious” about leaving California as LA Mayor Karen Bass vows to fight to keep the entertainment jobs in Hollywood. Sources within the studio made the comments to Deadline on Wednesday after reports emerged that Paramount came within a whisker of announcing they were leaving Los Angeles.