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17.09.26 - 12:54
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Paramount Eyes California Exit, Hunts Nashville Offices As "Insane Communist Wackos" Ruin State (ZeroHedge)
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Paramount Eyes California Exit, Hunts Nashville Offices As "Insane Communist Wackos" Ruin State
Paramount Skydance Chairman and CEO David Ellison is exploring a potential California exit as the studio battles a multistate challenge to its $111 billion acquisition of Warner Bros. Discovery.
Politico reported late Wednesday that the studio is seeking roughly 400,000 square feet of office space in Nashville, signaling that its relocation is in the works. We have reported in the last few days and last month of Paramount's plan to exit the left-wing state (read here & here).
The studio could move at least some operations to the Tennessee capital within two to three years, according to the report. No relocation has been announced, but the search raises the risk that California could lose a major Hollywood studio headquarters. Such a loss would deepen concerns about the state's ability to retain businesses as its entertainment industry struggles and the exodus of businesses and resident...
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11.09.26 - 21:30
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Paramount Told to Begin Lawsuit Settlement Talks in Late October (Bloomberg)
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Paramount Skydance Corp. and a group of state attorneys general challenging its $110 billion takeover of Warner Bros. Discovery Inc. were ordered to find dates to meet in late October to negotiate a possible settlement to the state's lawsuit, according to a brief court order on Friday afternoon....
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