Is David Ellison considering a nuclear option of relocating Paramount's headquarters from California -- and potentially diverting billions of production dollars from the Golden State -- if California Attorney General Rob Bonta files his expected challenge to the Paramount-Warner Bros. Discovery deal?

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.