(FILES) CEO of Paramount Skydance David Ellison speaks on stage during the Paramount Pictures presentation at CinemaCon at The Colosseum at Caesars Palace on April 16, 2026 in Las Vegas, Nevada. California and 11 other US states on July 13, 2026, sued to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, calling the largest merger in Hollywood history a threat to competition in film and television. The lawsuit, filed in federal court in northern California, marks a dramatic turn in the regulatory battle over the deal -- and a direct challenge to the Trump administration's Justice Department, which approved the merger last month. (Photo by VALERIE MACON / AFP via Getty Images)