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Rumors of Paramount going to Nashville swirl as California AG dismisses 'threat'
Fox Business • • business
Key Points:
- Paramount Studios is reportedly considering relocating some operations from Hollywood, Los Angeles, to Nashville, with other potential destinations including Texas and Georgia, amid escalating tensions with California officials.
- Los Angeles Mayor Karen Bass and California Attorney General Rob Bonta have been informed that Paramount's exit announcement is imminent, though no official statement has yet been made.
- California Attorney General Bonta emphasized that while Paramount's departure would be their choice, state officials remain open to negotiations and committed to enforcing the law without bias.
- The potential move comes amid an ongoing antitrust lawsuit filed by Bonta and other state attorneys general to block Paramount's proposed merger with Warner Bros. Discovery, citing concerns over reduced competition and negative impacts on workers and consumers.
- Paramount CEO David Ellison previously threatened to leave California if a settlement was not reached by October 1, and with talks stalling, a resolution now seems unlikely.
