Paramount Global is considering shifting more operations and spending outside California if state regulators move to block its proposed $110 billion acquisition of Warner Bros. Discovery, Semafor reported. Advisers and allies of CEO David Ellison have urged evaluating a headquarters relocation and redirecting portions of the planned $30 billion annual content spending should Attorney General Rob Bonta file a lawsuit to stop the merger. No decision has been made, and the discussions may partly aim to increase pressure on regulators. Paramount has been lobbying California officials with commitments on film production, theatrical releases, and continued operation of major studio facilities, arguing the merger would sustain jobs and investment. The company already leases substantial studio space in New Jersey and could expand there if needed.
Paramount Skydance Corporation Class B Common StockParamount is considering leaving California if regulators block its Warner Bros. Discovery deal, but no decision has been made.
Warner Bros Discovery IncWarner Bros. Discovery is the target of Paramount's proposed acquisition, which faces potential regulatory opposition.