Paramount insists it's serious about leaving California

The corporation has reportedly put some deposits down on moving trucks.

Paramount insists it's serious about leaving California

In a merger that seems to get nastier by the day, Paramount is again upping the ante and insisting that it’s making plans to uproot and leave California. This is per Deadline, which reported yesterday that Paramount stakeholders have been informed that the company is “deadly serious” about pulling the company out of Hollywood for the redder pastures of a state like Tennessee, Texas, or Georgia. The Hollywood Reporter also reported yesterday that Texas was actively courting Paramount and the Ellisons, while Tennessee has been thought to be the top candidate and has been actively courting the company for a while. As if to drive the point home, Paramount has reportedly put deposits down on moving trucks. 

California Attorney General Rob Bonta, who has been leading the antitrust charge against Paramount for the last few months, has characterized this as “blackmail” and a “threat.” In a new statement to Deadline, he said, “It’s no secret that Paramount has been making this threat, despite its alleged commitment to California and Hollywood. What Paramount decides to do is Paramount’s choice alone. We’ll continue to apply the law without fear or favor and continue to be open to coming to the table for good faith discussions.” As Deadline points out, the corporation’s decision to move would have little bearing on the antitrust suit, though, optically, it’s certainly unlikely to make David Ellison any new friends or allies in Hollywood. 

 
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