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Ellison Threatens California Move Without Merger Settlement

By Drooid · Sep 14, 2026, 11:00 PM UTC · How we work

Summary

Story summary

Paramount Pictures CEO David Ellison threatens moving the headquarters out of California without a settlement.
A Los Angeles Economic Development Corporation study estimates relocation would eliminate 28,990-57,980 full-time jobs statewide.
The same study projects annual economic output loss of $10.6 billion-$21.2 billion and tax revenue drop of $585 million-$1.17 billion.
Attorney General Rob Bonta heads a 12-state antitrust lawsuit to block the merger.

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Story summary

Paramount Pictures CEO David Ellison threatens moving the headquarters out of California without a settlement.
A Los Angeles Economic Development Corporation study estimates relocation would eliminate 28,990-57,980 full-time jobs statewide.
The same study projects annual economic output loss of $10.6 billion-$21.2 billion and tax revenue drop of $585 million-$1.17 billion.
Attorney General Rob Bonta heads a 12-state antitrust lawsuit to block the merger.