Paramount's Makan Delrahim Says Threat to Move Out of California 'Was Not a Bluff'

As Paramount Skydance sought to quash an antitrust lawsuit from 12 state attorneys general, CEO David Ellison made a major threat: If the two sides couldn't reach a settlement clearing the path for the $110 billion deal by Oct. 1, he would move the Hollywood studio's operations out of California, impacting thousands of jobs and billions in annual economic output. When asked about it during TheWrap's 2026 TheGrill conference on Wednesday, Ellison's Chief Legal Officer Makan Delrahim told Sharon Waxman it was "not a bluff," but pushed back on calling it a threat and dismissed the . . .