Paramount's Relocation to Result in Reduced Economic Output for CA
California would lose between $10.6 billion and $21.2 billion in annual economic output if Paramount Skydance decided to move its headquarters completely out of the state, according to a preliminary report.
TL;DR
- California faces potential annual economic losses of $10.6 billion to $21.2 billion if Paramount Skydance relocates.
- These losses depend on a negotiated settlement with California and 11 other states by October 1st.
- A coalition of Democratic state attorneys general is suing to block Paramount's merger with Warner Bros. Discovery.
- The antitrust lawsuit is the only remaining obstacle for the $111 billion deal.