IT’S HAPPENING: TMZ Report Indicates Paramount is Leaving California
For months now, there has been wild speculation that Paramount Studios would leave the state of California, a move that would be utterly devastating to not only the entertainment industry, but the state. The post IT’S HAPPENING: TMZ Report Indicates Paramount is Leaving California appeared first on The Gateway Pundit.
TL;DR
- Paramount Studios is reportedly preparing to leave California.
- The move is expected to be devastating to the state's entertainment industry and economy.
- Internal discussions in the Los Angeles Mayor’s Office and the California Attorney General’s Office indicated an impending announcement of the studio's departure.
- The departure is linked to an anti-trust lawsuit filed by the California Attorney General against Paramount regarding a merger.
- Paramount CEO David Ellison had threatened to move the studio to Texas, Tennessee, or Georgia if the lawsuit was not settled.
- Settlement negotiations reportedly failed to reach a deal by the October 1st deadline.
- The TV show 'American Idol' is also moving production from California to Georgia.