California Accuses Paramount Of 'A Lack Of Good Faith;' Calls Off Settlement Talks

The California Attorney General canceled a scheduled meeting on Monday, claiming that Paramount had disclosed details of prior conversations. This action resulted in a 2% decline in Paramount Skydance stock, while Warner Bros. Discovery saw a 1% increase. The state of California accused Paramount of acting in "a lack of good faith" and as a result, they halted settlement negotiations.