The biggest merger in modern Hollywood history once looked like a done deal. It’s suddenly facing a serious legal challenge from a group of state attorneys general.The Paramount Pictures water tower in Los Angeles.Jae C. Hong / AP fileJuly 23, 2026, 11:55 AM EDTDavid Ellison, the 43-year-old mogul who sits atop the Paramount Skydance media conglomerate, appeared to be on a glide path to expanding his empire.Just a moment.We are getting your experience ready.