Leaked Report Details Fallout if Paramount Follows Through on California Exit Threat
10 Articles
10 Articles
The cost of Rob Bonta’s fight against Paramount deal
The costs are clear: Losing Paramount Pictures could cost California $21 billion and nearly 58,000 jobs. That’s the tally from the experts at the LA County Economic Development Corporation’s Institute for Applied Economics. They say that if Paramount follows through on a threat to leave California, which it has says it will do if Attorney...
California Faces Economic Disaster As Massive Business Threatens To Leave Over Ridiculous Regulation, AG Probe - The American Tribune.com
California could suffer a devastating economic blow if Paramount carries out its threat to leave the state amid California Attorney General Rob Bonta’s challenge to its planned Warner Bros. Discovery acquisition. New projections warn that the fallout could include nearly 58,000 lost jobs and more than $21 billion in lost annual economic output. The same [...]
Paramount’s California Exit Threat Is Not a Hypothetical and Will Cause Real Economic Woes
California is about to find out what it costs to pick a fight with one of the last major studios still planted in the dirt of Los Angeles while then acting shocked when the studio looks at Georgia, Tennessee, and Texas and starts packing. Paramount Skydance’s $110 billion bid for Warner Bros. Discovery is still tangled in Attorney General Rob Bonta’s multistate antitrust lawsuit. The deal’s “ticking fee” starts October 1: $7 million a day, every…
David Ellison's threat is to pack, as California together with other states has gone against the great fusion in the film industry. For companies it is a very high risk, given the precedents. But for the Golden State, the fourth world economy, the damage would be enormous: in terms of image, but also in terms of revenue and the loss of thousands of jobs (up to 28 thousand)
Paramount Exodus Would Devastate California Economy, Projections Say
Projections indicate that a Paramount exodus would severely hurt California's economy to the tune of billions of dollars and tens of thousands of jobs if movie studio head David Ellison made good on his threat to relocate AG Bonta's lawsuit halts the Warner Bros. acquisition.
California's war on Paramount continues the state's self-sabotage
California is in the midst of an ideologically driven economic suicide, and the state’s treatment of Paramount is on the verge of being another brutal blow against the state’s economy. California is one of several Democrat-run states holding Paramount hostage, attempting to block a merger with Warner Bros. Discovery. The impetus behind the Democratic antitrust […]
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