Leaked Report Details Fallout if Paramount Follows Through on California Exit Threat

A leaked report from the Los Angeles Economic Development Corporation warns that Paramount leaving California could devastate the local economy. If David Ellison moves Paramount Skydance out of the state, the fallout may include nearly 58,000 jobs and $21 billion in annual losses. Specifically, relocating headquarters and other operations would result in losses of 2,750 to 5,550 job-years. These risks emerge as the October 1 merger deadline approaches, threatening significant economic aftershocks for Los Angeles.