Paramount’s California Exit Could Cost the State 57,980 Jobs and $21.2 Billion, Leaked Study Finds

Rob Bonta’s Paramount Fight Could Backfire Spectacularly as California Risks 58,000 Jobs, $21 Billion Annually

Paramount Skydance has threatened to pull its operations out of California amid an ongoing legal battle over its proposed $111 billion acquisition of Warner Bros. Discovery, and a leaked economic report suggests the consequences for the state could be catastrophic. According to a new report from Variety, an analysis from the Los Angeles County Economic Development Corporation examined what could happen if David Ellison follows through on relocat…

Paramount Threatens California Exit That Could Cost State Billions

Paramount Threatens California Exit That Could Cost State Billions Paramount could pull nearly 58,000 jobs and $21 billion in annual economic activity out of California if the company follows through on a threat to relocate its headquarters and operations amid an antitrust fight over its acquisition of Warner Bros. Discovery, according to a preliminary economic analysis from the Los Angeles County Economic Development Corp.'s (LAEDC) Institute f…

Paramount’s threat to flee California could cost state nearly 58K jobs, $21B a year: leaked report

California could lose as many as 58,000 jobs and more than $21 billion annually if Paramount moves its headquarters and operations out of the state.

Paramount’s California Exit Could Cost the State 57,980 Jobs and $21.2 Billion, Leaked Study Finds

Paramount’s California exit is raising bigger questions about the future of Hollywood, with a new study putting the stakes into sharper focus.

Paramount exit could cost California up to 58,000 jobs

The stakes around the proposed $110 billion Paramount Skydance–Warner Bros. Discovery merger are rising. A newly leaked economic report commissioned by Paramount estimates that California could lose as many as 57,980 full-time job-years and up to $21.2 billion in annual economic output if the studio follows through on threats to significantly reduce or relocate its operations outside the state. The report, prepared by the Los Angeles County Econ…

Paramount Leaving California Could Mean Up To $21B In Lost Annual Economic Output: Study

A leaked economic impact report also states that if Paramount leaves the state, as many as 57,980 full-time jobs would be lost.