Paramount CEO may remove operations from California over stalled merger
- Paramount CEO David Ellison may pull his operations out of California if the state does not end its attempt to block the company’s merger with Warner Bros Discovery and agree to settlement talks as soon as October.
- The rumours were first reported by the publication Variety on Tuesday.
- They signal Ellison may be willing to leverage economic pressure on California’s ailing film industry in order to push through the merger.
Unverified
- Paramount CEO David Ellison may pull his operations out of California if the state does not end its attempt to block the company’s merger with Warner Bros Discovery and agree to settlement talks as soon as October.
- The rumours were first reported by the publication Variety on Tuesday.
- They signal Ellison may be willing to leverage economic pressure on California’s ailing film industry in order to push through the merger.
Sources: Al Jazeera