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# Delrahim: Paramount’s California exit threat on merger was ‘not a bluff’
- URL: https://www.medianexis.com/delrahim-paramounts-california-exit-threat-on-merger-was-not-a-bluff/
- Published: 2026-10-01T16:05:52.000Z
- Updated: 2026-10-01T16:05:53.000Z
- Description: TheWrap’s Lucas Manfredi reports that Paramount’s Makan Delrahim told TheGrill conference David Ellison’s threat to move the studio out of California absent a settlement was “not a bluff,” though he downplayed its role in the outcome, crediting a weak antitrust case instead.
- Author: The Signals Desk
- Tags: Streaming, Lucas Manfredi, The states’ antitrust fight over Paramount-WBD

**Why it matters.** State AGs now face a template defense in future media merger challenges, since Paramount argued market-share definitions excluding streamers and indies would never survive judicial scrutiny.

*Signal from* [*thewrap.com*](https://thewrap.com/?ref=medianexis.com) *·* [*Lucas Manfredi*](https://www.medianexis.com/tag/by-lucas-manfredi/) *·* [*read the original*](https://www.thewrap.com/industry-news/deals-ma/paramount-makan-delrahim-warner-bros-merger-settlement-interview/?ref=medianexis.com)*.*