Screencap of YouTube video.

Paramount is one of the oldest studios in Hollywood, and also one of the biggest. Chatter is starting to grow about the possibility of them leaving the state of California over the non-stop efforts of the left to block their merger deal with Warner Brothers.

Lots of companies have already left California over high taxes and red tape, but if Paramount leaves the state, it will be a nuclear event.

This would be like the Boston Red Sox leaving the city of Boston. It’s unthinkable.

This would hurt Governor Gavin Newsom more than any other company leaving California.

The FOX Business Network has details:

Paramount advisers push for California exit as state sues to block Warner Bros Discovery merger: report

Paramount CEO David Ellison is reportedly being pressured to move his business out of California as the state tries to interfere with a planned takeover of Warner Bros. Discovery.

Ellison’s Paramount is seeking to acquire Warner Bros. Discovery in a $111 billion deal expected to close during the third quarter of this year. But the mega-merger has irked critics who fear combining two major Hollywood studios would hurt the industry while giving too much power to Ellison.

California Attorney General Rob Bonta on Monday led a group of 12 attorneys general in filing a lawsuit challenging the merger, claiming it would “lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the U.S.”

As a result, “Ellison’s friends and advisers have been pushing the media executive to consider shifting his business out of the state,” according to Semafor.

“Ellison’s confidantes have pushed him to consider moving its corporate headquarters and reallocating much of its $30 billion in planned spending outside the state if California Attorney General Rob Bonta were to sue to stop the merger,” Semafor reported, citing “people familiar with the discussions.”

This would be such a black eye for Hollywood.

Hollywood is already struggling to create jobs. If the major studios start leaving town, it’s over folks.

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