California AG says Paramount's Netflix defense misses the point

Rob Bonta is leading California and 11 other states in a lawsuit against David Ellison's Paramount Skydance. Sarah Reingewirtz/MediaNews Group/Los Angeles Daily News via Getty Images; Patrick T. Fallon/AFP via Getty Images California Attorney General Rob Bonta is suing Paramount to block its acquisition of WBD. He says the rise of Netflix and other streaming services doesn't matter to his antitrust case. His suit focuses on market concentration in three areas, including blockbuster films and…