States Prepare Lawsuit to Block Paramount’s Merger With Warner Bros.

State attorneys general are preparing to file a lawsuit this week to block the $111 billion merger between Paramount and Warner Bros. This legal action represents a major obstacle to the deal. Meanwhile, Paramount is weighing a potential exodus from California due to the state's opposition. However, Paramount has already committed to keeping both the Paramount and Warner Bros. studio lots operational if the merged company decides to remain within the state of California.