Ellison's high-stakes bid to reshape Hollywood via Warner deal

Paramount Skydance chief David Ellison is pushing a $111 billion Warner Bros. Discovery merger but faces mounting antitrust challenges and regulatory hurdles. He has floated relocating Paramount's Hollywood headquarters and even selling major lots to fund the deal, while ticking-fee penalties and a March trial threaten to derail it, prompting a public-relations push and cautious optimism about a settlement with California's attorney general.