Delrahim: Paramount’s California exit threat on merger was ‘not a bluff’
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.
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 · Lucas Manfredi · read the original.
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