Paramount Preps California Exit Amid State AGs' Warner Bros. Merger Battle

Paramount has informed the offices of Los Angeles Mayor Karen Bass and California Attorney General Rob Bonta that it plans to formally announce that it is leaving the state amid a legal battle over its $110 billion merger with Warner Bros. Discovery. A Paramount spokesperson had no comment, while a spokesperson for Bass told TheWrap she is "focused on protecting and fighting for jobs in LA, including critical jobs in the entertainment industry that have been a vital part of Los Angeles' economy." "She's been engaged on this issue and will continue to fight to make sure LA is home to . . .