Amid Paramount’s merger plans for Warner Bros, David Ellison swears he won’t abandon LA real estate
The studio owners were anxious to know: Would a coalition of 12 attorneys general led by California’s Rob Bonta settle its antitrust case with David Ellison’s Paramount and keep the behemoth in Hollywood? The decision revolved around Paramount’s bid to take over Warner Bros. Discovery. At stake was whether the two could form a megacompany, or, if blocked, if Ellison would decamp to Nashville, as he was threatening. Either way, the deal would have major repercussions for Los Angeles’ soundstages, a multi-billion-dollar, 8-million-square-foot anchor of the region’s real estate. On Monday, the answer trickled out, first as a leak and […]This article originally appeared on The Real Deal. Click here to read the full story.
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