Tide turns in Paramount-Warner Bros. legal battle as California AG faces increased pressure to settle

While many Hollywood staffers remain opposed to the Paramount-Warner Bros. deal, an increasing number are growing wary at the prospect of a lengthy legal battle that would effectively freeze a major studio for almost a year.

David Zaslav, president and CEO of Warner Bros. Discovery, has now sold over $195 million worth of the company’s stock since it clinched a deal to be acquired by David Ellison’s Paramount Skydance. Zaslav’s latest sale of 773,173 shares of WBD stock, for an aggregate market value of $21,655,292, was handled on his beha

Two of the biggest Hollywood unions, the Director's Guild and IATSE, urged Rob Bonta to settle his lawsuit against Paramount.

Crew union IATSE and the Directors Guild wrote a detailed letter to attorney general Rob Bonta to reach an agreement with David Ellison rather than drag out a fight to a court room next year.

Two of Hollywood’s most powerful unions have a message for California Attorney General Rob Bonta and Paramount Skydance CEO David Ellison: Work it out ASAP, whether in court or otherwise. The DGA and IATSE sent a joint letter to the pair on Wednesday to “raise concerns about the potential for a prolonged timetable for

Paramount’s legal officer hints at CNN sale as 12 states, led by California, file lawsuit to block merger with WBD.

Paramount says CNN sale 'on the table' to resolve California suit over Warner Bros deal  Reuters

Xavier Becerra, the Democratic gubernatorial candidate in California, urged the state attorney general to settle its antitrust lawsuit with Paramount Skydance and Warner Bros. Discovery before the case is set to go to trial next year. His plea comes after California Attorney General Rob Bonta suggested he does not want

David Ellison threatens to move Paramount out of California if AG Rob Bonta doesn't negotiate to settle his antitrust lawsuit against the Warner Bros. merger.