California at Risk: Leaked Study Details Job, Revenue Loss If Paramount Leaves

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Source: The Hollywood Reporter
California at Risk: Leaked Study Details Job, Revenue Loss If Paramount Leaves
Photo: The Hollywood Reporter
TL;DR Summary

A leaked report from the Los Angeles Economic Development Corporation, commissioned by Paramount, estimates California could suffer as many as 58,000 lost full‑time job‑years and up to $21 billion in yearly economic output if Paramount exits California amid the Paramount–Skydance–Warner Bros. Discovery merger lawsuit. The analysis also outlines potential permanent infrastructure losses if Warner Bros. soundstages are repurposed, notes that Paramount has threatened to relocate to Georgia, Tennessee or Texas, and highlights an Oct. 1 deadline with a $7 million‑a‑day “ticking fee” if the merger isn’t closed. A Sept. 24 bond hearing and a March 2027 trial are on the docket, and the studio’s pledge to produce 30 feature films a year for three years could generate 1,020–2,760 California job‑years and $378 million–$1.01 billion in state output during that period.”

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