Paramount Leaving California Will Devastate Los Angeles Economy, Leaked Report Finds
The report, commissioned by Paramount, says a California exit could cost the state up to $21.2 billion a year and erase century-old studio infrastructure.
6 Articles
6 Articles
Paramount Leaving California Could Mean Up to $21 Billion in Lost Annual Economic Output, Leaked Study Finds
If Paramount moves out of California, as CEO David Ellison has said he might do, it would devastate the state economically with lost income and jobs
Paramount Leaving California Will Devastate Los Angeles Economy, Leaked Report Finds
A leaked report from the Los Angeles Economic Development Corporation outlines devastating aftershocks that would follow if David Ellison pulled Paramount Skydance out of California. A copy of the report published by Politico reads, “At a minimum, relocating Paramount’s headquarters and other operations out of California would result in losses of 2,750 and 5,550 job-years in California across all industries and losses of between $1.01 billion a…
The $21.2 Billion Paramount Exit Estimate Measures California, Not PSKY
A preliminary economic study says California could lose between $10.6 billion and $21.2 billion of annual output if Paramount Skydance moves operations out of the state. That is a striking regional estimate, but it is not a forecast of lost Paramount revenue, cash flow or equity value—and investors should not subtract it from PSKY’s valuation.…
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