Study: Paramount Leaving California Could Cost State 57,980 Jobs, $21.2 Billion

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.Conducted by the Los Angeles County Economic Development Corporation, the study found that California would lose roughly 28,990 to 57,980 full-time jobs statewide across various industries if Paramount relocated to a state like Tennessee, with revenue losses estimated between $10.6 billion and $21.2 billion annually. “It should be emphasized that these estimated job losses include direct,...