{"id":12170,"date":"2026-08-14T03:42:25","date_gmt":"2026-08-14T03:42:25","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=12170"},"modified":"2026-08-14T03:42:25","modified_gmt":"2026-08-14T03:42:25","slug":"upset-paramount-may-leave-california-company-says-it-has-duty-towards-shareholders-and-that-ultimately-you-go-to-the-place-where-you","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=12170","title":{"rendered":"Upset Paramount may leave California; company says it has duty towards shareholders, and that ultimately, you go to the place where you &#8230;"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-133227423,imgsize-26612,width-400,height-225,resizemode-4\/ceo-of-paramount-skydance-david-ellison.jpg\" alt=\"Upset Paramount may leave California; company says it has duty towards shareholders, and that ultimately, you go to the place where you ...\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Paramount Skydance\u2019s chief legal officer Makan Delrahim has suggested that the company could leave California as it faces mounting antitrust scrutiny from the state government.<!-- --> According to a report by The Hill, speaking at Politico\u2019s The The California Agenda: Sacramento Summit, Delrahim said CEO David Ellison remains committed to California but emphasized there is a point where the company has a fiduciary duty to shareholders. \u201cYou have to take a look at the business environment and look to see what\u2019s best for not only the community and the business. And ultimately, you know, go to the place where you\u2019re wanted,\u201d he said.<span class=\"id-r-component br\" data-pos=\"5\"\/><\/p>\n<p><h2>Paramount Skydance and Warner Bros. <keyword id=\"27559284\" type=\"Denny\" weightage=\"20\" keywordseo=\"merger\" source=\"keywords\">merger<\/keyword> under fire<\/h2>\n<\/p>\n<p><span class=\"id-r-component br\" data-pos=\"7\"\/>Paramount, based in Los Angeles, agreed last month to pause its multibillion-dollar acquisition of Warner Bros. Discovery after litigation was filed by California\u2019s attorney general and 11 other states. The lawsuit argues the deal would give Paramount excessive power in news, entertainment, and sports media, harming competition. A trial is scheduled for next spring.<span class=\"id-r-component br\" data-pos=\"9\"\/>The merger has drawn criticism from Democrats and media watchdogs, who worry that Warner Bros. Discovery\u2019s CNN could fall under the influence of Ellison, an ally of President Trump and son of Oracle founder Larry Ellison. Ellison defended the deal in a New York Times op-ed, writing: \u201cI do not aspire to lead these companies to bend their newsrooms to my views.\u201d<span class=\"id-r-component br\" data-pos=\"14\"\/><\/p>\n<p><h2>Jobs and economy<\/h2>\n<\/p>\n<p><span class=\"id-r-component br\" data-pos=\"16\"\/>Delrahim argued the lawsuit is harming employment, saying: \u201cThis merger is actually going to be good \u2014 not only for California \u2014 it\u2019ll be good for America.\u201d <!-- -->Paramount maintains that its duty to shareholders may ultimately force it to relocate if California continues to oppose the merger.<span class=\"id-r-component br\" data-pos=\"20\"\/><\/p>\n<p><h2>Paramount Skydance reported mixed earnings results<\/h2>\n<\/p>\n<p><span class=\"id-r-component br\" data-pos=\"22\"\/>Recently, Paramount Skydance reported mixed second-quarter results, with revenue rising 1% year-over-year to $6.91 billion, beating estimates, while profit fell short at $41 million. Streaming revenue grew 9% to nearly $2.5 billion, driven by subscriber gains from Paramount+ content including UFC Freedom 250 and the FIFA World Cup. Studio revenue reached $1.3 billion, though theatrical performance lagged compared to last year\u2019s Mission: Impossible \u2014 The Final Reckoning.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/technology\/tech-news\/upset-paramount-may-leave-california-company-says-it-has-duty-towards-shareholders-and-that-ultimately-you-go-to-the-place-where-you-\/articleshow\/133227417.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paramount Skydance\u2019s chief legal officer Makan Delrahim has suggested that the company could leave California as it faces mounting antitrust scrutiny from the state government. According to a report by The Hill, speaking at Politico\u2019s The The California Agenda: Sacramento Summit, Delrahim said CEO David Ellison remains committed to California but emphasized there is a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-12170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Paramount Skydance\u2019s chief legal officer Makan Delrahim has suggested that the company could leave California as it faces mounting antitrust scrutiny from the state government. According to a report by The Hill, speaking at Politico\u2019s The The California Agenda: Sacramento Summit, Delrahim said CEO David Ellison remains committed to California but emphasized there is a [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/ceo-of-paramount-skydance-david-ellison.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/12170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12170"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/12170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/9697"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}