Paramount’s California Exit Could Cost the State 57,980 Jobs and $21.2 Billion, Leaked Study Finds

Paramount’s threat to flee California could cost state nearly 58K jobs, $21B a year: leaked report

California could lose as many as 58,000 jobs and more than $21 billion annually if Paramount moves its headquarters and operations out of the state.

Paramount’s California Exit Could Cost the State 57,980 Jobs and $21.2 Billion, Leaked Study Finds

Paramount’s California exit is raising bigger questions about the future of Hollywood, with a new study putting the stakes into sharper focus.

Paramount exit could cost California up to 58,000 jobs

The stakes around the proposed $110 billion Paramount Skydance–Warner Bros. Discovery merger are rising. A newly leaked economic report commissioned by Paramount estimates that California could lose as many as 57,980 full-time job-years and up to $21.2 billion in annual economic output if the studio follows through on threats to significantly reduce or relocate its operations outside the state. The report, prepared by the Los Angeles County Econ…

Paramount Leaving California Could Mean Up To $21B In Lost Annual Economic Output: Study

A leaked economic impact report also states that if Paramount leaves the state, as many as 57,980 full-time jobs would be lost.

Leaked report: Paramount leaving California "would result in losses of 2,750 and 5,550 job-years", and economic losses between $1.01B-$2.03B for the state (Jack Dunn/Variety)

Jack Dunn / Variety: Leaked report: Paramount leaving California “would result in losses of 2,750 and 5,550 job-years”, and economic losses between $1.01B-$2.03B for the state  —  A leaked report from the Los Angeles Economic Development Corporation outlines devastating aftershocks that would follow …