California SUES Paramount As CEO THREATENS 30,000 Jobs Over $110 Billion Merger
Paramount THREATENS to FLEE California as $110 Billion Warner Bros merger gets FROZEN over 30,000 jobs. California SUES to block the deal.David Ellison's $110 billion bid for Warner Bros Discovery would control nearly a third of America's movies and cable
— Titanic, The Godfather, The Matrix, Harry Potter — and now a federal judge in Oakland has frozen it. California Attorney General Rob Bonta leads 12 states suing to stop the 49 paramount warner bros merger , calling Paramount's threat to move 30,000 California jobs out of state by October 1st "blackmail" over a $7 million-a-day ticking fee.Today on California Reports, we break down the leaked $21.2 billion economic report, the $1.88 billion bond fight, why Gavin Newsom, Karen Bass and Xavier Becerra are pressuring Bonta to settle, and what the March 2, 2027 trial means for Hollywood jobs, from Los Angeles to Sacramento.
This is an independent breakdown of the 51 warner bros discovery merger , the 55 rob bonta paramount lawsuit, 55 david ellison and 61 larry ellison 's Oracle-backed takeover, and the fight over California Hollywood jobs.
CHAPTERS
00:00 $110B Merger Frozen, 30,000 Jobs Threatened
02:15 12 States Sue, Bonta Alleges Blackmail
04:30 $7 Million-A-Day Clock Starts Oct 1
06:45 The $500M Move That Wouldn't Save Taxes
09:10 Newsom, Bass Split From BontaAll persons are presumed innocent until proven guilty in a court of law.
This video is commentary and criticism under Fair Use, based on public court filings and news reporting
.#California #Paramount #WarnerBros
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