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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.

Summary by Variety
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…

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WND broke the news in Washington, United States on Friday, September 11, 2026.
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