Paramount Skydance CEO David Ellison was seen at Disneyland in Los Angeles over the weekend as the company prepares for a critical week in its bid to acquire Warner Bros. Discovery. The $110 billion deal has been paused by a federal judge and is facing an antitrust lawsuit spearheaded by California Attorney General Rob Bonta.
While other Hollywood figures were reportedly vacationing, Ellison remained in Los Angeles, attending breakfast at the Storytellers Cafe in the Grand Californian Hotel. This comes as Paramount is awaiting a judge's decision on the trial start date for the antitrust case. Paramount is pushing for a November trial, while prosecutors advocate for an April 2027 date. This timing is significant, as Paramount faces substantial financial penalties, approximately $7 million per day, for each quarter the transaction does not close after September 30.
The company had incorporated "ticking fees" into its bid for Warner Bros., signaling confidence that regulatory hurdles would be overcome. Ellison's team is reportedly focused on the legal proceedings, with one source stating he is "camping out here" in Los Angeles. Paramount has not issued a comment on the matter.
