David Ellison Threatens Paramount California Exit Over $7 Million Daily Merger Fee
Updated
Updated · Yahoo! Voices · Aug 16
David Ellison Threatens Paramount California Exit Over $7 Million Daily Merger Fee
3 articles · Updated · Yahoo! Voices · Aug 16
Summary
Noah Wyle said he hopes David Ellison is "saber rattling" about moving Paramount out of California, warning that taking Hollywood out of Hollywood would alienate the industry.
Ellison is prepared to begin relocating Paramount as soon as October unless the Paramount-Warner Bros. Discovery merger is resolved through a settlement with California Attorney General Rob Bonta.
The pressure point is a $7 million daily ticking fee tied to the stalled deal, while 12 states have filed an antitrust case seeking to block the merger.
Georgia, Texas and Tennessee are under consideration if Paramount leaves, a move that would hit a state Wyle says benefited from 600 jobs and $125 million from "The Pitt" alone.