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Paramount CEO spotted in surprising location as he preps antitrust battle with California over Warner Bros. deal
Page Six • • business
Key Points:
- Paramount CEO David Ellison, amidst the paused $110 billion acquisition of Warner Bros. Discovery due to a federal judge's intervention, was spotted staying in Los Angeles and visiting Disneyland over the weekend.
- The acquisition faces a high-stakes antitrust lawsuit brought by a dozen state attorneys general and the Writers Guild of America, with Paramount pushing for a trial start date in November while prosecutors prefer April.
- The timing of the trial is critical, as Paramount faces $650 million in fees each quarter the deal does not close after September 30, amounting to roughly $7 million per day.
- Ellison is reportedly preparing for a significant week ahead with his team in LA, remaining focused on navigating the legal challenges despite the ongoing heatwave.
- Paramount has not commented on Ellison's Disneyland visit or the status of the acquisition amid the legal proceedings.
