Paramount Preps California Exit Amid WBD Legal Battle

www.thewrap.com: Paramount has informed the offices of Los Angeles Mayor Karen Bass and California Attorney General Rob Bonta that it is preparing to leave the state amid a legal battle over its $110 billion merger with Warner Bros. Discovery. A Paramount spokesperson had no comment when asked about the plans, while a spokesperson for Bass told TheWrap she is “focused on protecting and fighting for jobs in L.A., including critical jobs in the entertainment industry that have been a vital part of Los Angeles’ economy.”