Paramount HQ Relocation Persists as Ellison Targets Texas Amid California Suit

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Source: The Hollywood Reporter
Paramount HQ Relocation Persists as Ellison Targets Texas Amid California Suit
Photo: The Hollywood Reporter
TL;DR Summary

With an Oct. 1 ticking-fee deadline tied to California-led lawsuits, Paramount CEO David Ellison has been meeting state officials as Texas emerges as a leading bidder to relocate Paramount Pictures’ headquarters. Texas officials, including Lt. Gov. Dan Patrick, and the Texas Film Commission have engaged in talks that could hinge on incentives like the Texas Enterprise Fund and expanded Hollywood subsidies—now up to about $1.5 billion through 2035. The move could imperil roughly 2,500 Los Angeles-area jobs and billions in regional economic value, though Paramount has not commented publicly and other states (notably Tennessee) are also courting. The outcome depends on a relocation package amid ongoing settlement discussions with California and the Writers Guild.

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