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Paramount boss David Ellison is threatening to pull the company out of California starting October 1. • Ellison will stay as long as the state’s attorney general, Rob Bonta, agrees to settlement talks in the antitrust case filed by 12 states seeking to block the Paramount-Warner Bros. Discovery merger. • Oct. 1 is when Paramount will begin accruing a “ticking fee” payable to Warner Bros. Discovery shareholders of $7 million per day. • Bonta has not publicly said what concessions from Paramount-WBD he would consider acceptable enough to take the lawsuit off the table. But the Democratic attorney general has said any remedies would need to be “structural” (i.e., divestments) rather than “behavioral” (e.g., imposing certain production quotas). https://t.co/WTwGmneK44