Paramount is reportedly exploring relocating its headquarters as California and other states prepare a lawsuit to block its $111 billion merger with Warner Bros

California is among the states suing to block Paramount from buying Warner Bros. Discovery in a Hollywood mega-merger that would unite some of the nation's largest movie studios…

David Ellison's confidants are said to be urging him to relocate his corporate headquarters out of the state.

California and eleven states are suing to block Paramount's acquisition of Warner Bros. Discovery. They allege the deal would lessen competition in film distribution and cable…