Earlier this week, Paramount CEO David Ellison threatened to move the studio out of state beginning on October 1 (about six weeks!) if California Attorney General Rob Bonta does not come to the table to settle his merger with Warner Bros. Discovery (WBD).
On Tuesday, Xavier Becerra, the Democrat nominee to replace sitting Gov. Gavin Newsom (D), blinked and called for the attorney general to work out a settlement.
Becerra likely knows Ellison is not bluffing, and that if Bonta continues to block the deal by refusing to talk, Ellison will move Paramount out of California. Then, if the merger is eventually approved, Ellison will probably take WBD with him...
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