business π¬ WGA blasts Ellison over California exit threat
The Writers Guild of America criticized Paramount Skydance CEO David Ellison for threatening to pull Paramount from California. This action occurred after California AG Rob Bonta declined to settle the antitrust suit against the studio's acquisition of Warner Bros. The WGA and Bonta's coalition are suing to block the $110 billion merger, which is scheduled for a trial on March 2, 2027. The guild argues this behavior shows Paramount's dangerous industry power, supporting the block on the merger. If no settlement happens, Paramount faces over $1 billion in fees to WBD shareholders. π