Paramount wants to flee California
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By David Shepardson WASHINGTON, July 14 (Reuters) - The top Democrat on the House Judiciary Committee on Tuesday asked Paramount CEO David Ellison if he or the company were pressuring CBS News to air content sought by President Donald Trump.
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood.
Paramount Skydance will pull out of United International Pictures, its international distribution joint venture with Universal, to allay antitrust concerns voiced by European cinema operators.
Paramount will exit its United International Pictures distribution joint venture with Universal as a condition for EU approval of its $111 billion takeover of Warner Bros. Discovery. The move is in response to a request for Paramount to exit the venture made by the European Commission's anti-trust watchdog last week.
