Paramount threatens to leave California for blocking $110 billion merger with Warner Bros, state AG slams 'blackmail'
India, Aug. 12 -- According to reports, Hollywood giant Paramount has threatened to leave California if the state's top lawyer doesn't settle a lawsuit challenging the company's planned merger with Warner Bros. Reacting to it, California Attorney General Rob Bonta called it "blackmail' in a post on social media
Paramount's board has approved a possible move from California as early as October 1, Bloomberg reported, citing an insider familiar with the company's plans. Chief Executive Officer David Ellison told senior executives last week that the move would involve headquarters staff first, but that he's putting together a five-year plan to shift most of the film and TV studio's jobs to the new home.
This movie could also include the sal...
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