If Paramount Leaves California, It Might Cut Costs but Wouldn’t Save on State Taxes

By Gene Maddaus

Gene Maddaus

Senior Media Writer

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• If Paramount Leaves California, It Might Cut Costs but Wouldn’t Save on State Taxes 4 minutes ago
• California Bill to Subsidize Post-Production Advances as Commercials Bill Dies 2 hours ago
• DGA and IATSE Push Rob Bonta to Allow Paramount-Warner Bros. Merger With Conditions 2 days ago

Paramount is threatening to leave California if it cannot reach a deal with Attorney General Rob Bonta to allow it to acquire Warner Bros. Discovery.

Puck reported the threat on Tuesday, following a similar report in Semafor last month, and adding that Paramount CEO David Ellison believes the move would save the company $500 million a year in taxes. The figure is meant to make the play both more credible and more threatening, quantifying both what Paramount stands to gain and what California stands to lose.

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