Posted on 09/14/2026 7:05:30 PM PDT by Schatze
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, indirect and induced jobs, capturing the ripple effects through Paramount’s supply chains in California as well as the economic activity of household spending,” the study said. “Consequently, the job losses pertain to all California industries rather than solely to motion picture and television production.”
The study also found that Paramount could potentially create a total of between 1,020 and 2,760 jobs in California across all industries and between $377.7 million and $1.01 billion if it acquired Warner Bros. and followed through on its pledge to release 30 films in theaters per year, per TheWrap:
(Excerpt) Read more at breitbart.com ...
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California doesnt cate. Theyd rather rule on top of the rubble.
Bonta is an evil bastard. Every decision he has made as AG has been wrong, but that is his world view and his modus operandi.
I guess Musk was correct -
and Buck knives
and ...... (insert long list here)
If the deal doesn’t go through Paramount and Warner will collapse anyway.
“...Could Cost State 57,980 Jobs, $21.2 Billion...”
Not enough.
30 films a year. I wonder how many of them will be sequels?
15 if they hustle
To them keeping the death grip the left has on every part of media is more important than any amount of money. The rat goal remains make the WB deal so costly Paramount will give it up so the leftist scumbags at Netflix can get it.
Look on the bright side: Their carbon footprint will be smaller...........
About a year into the first Trump administration I went to the movies at a theatre for the last time. I’d stopped watching any network tv a bit earlier. Since then the entertainment business has been a flatline for me. I spent a good amount of time and money watching it all for a lifetime. It surprises me that I don’t miss any of it but that is the case. The left wing political nature of entertainment was a big factor but the fact that the product was now mostly crap sealed the deal. Hollywood essentially died for me 8 years ago now.
So the liberals that helped destroy California are bailing out because they can’t make it in their created utopia.
I got you beat. Besides “The Passion of the Christ,” the last movie I went to see was “Top Gun” around 1988.
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