California's Silver Screen Sabotage: A Ticking Time Bomb for the Golden State A leaked report from the Los Angeles Economic Development Corporation paints a grim picture of what would happen if Paramount Pictures leaves California due to its merger with Skydance Warner Bros.
Discovery being blocked on antitrust grounds. The numbers are staggering, with up to 58,000 jobs lost and $21 billion in annual losses.
The film industry has long been a ticking time bomb in California, with studios and production companies constantly threatening to relocate unless their demands are met.