{"id":5141,"date":"2026-08-12T05:36:07","date_gmt":"2026-08-12T05:36:07","guid":{"rendered":"https:\/\/uspropertymoves.com\/?p=5141"},"modified":"2026-08-12T05:36:07","modified_gmt":"2026-08-12T05:36:07","slug":"paramount-has-spent-100-years-in-hollywood-david-ellison-loved-that-until-he-didnt","status":"publish","type":"post","link":"https:\/\/uspropertymoves.com\/?p=5141","title":{"rendered":"Paramount Has Spent 100 Years in Hollywood. David Ellison Loved That. Until He Didn\u2019t"},"content":{"rendered":"
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\n\t\u201cParamount has deep roots in Southern California. My vision is to stay true to our roots,\u201d wrote David Ellison in a letter to lawmakers representing the state in February.<\/p>\n

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\n\tWhat a difference a few months makes. Now the mogul is locked in a protracted legal battle with the attorneys general of California and 11 other states as he attempts to consummate a $111 billion mega-merger with Warner Bros. Discovery. And he\u2019s in a race against time before a ticking fee penalty of $7 million a day kicks in at the start of October if the deal isn\u2019t done.<\/p>\n

\n\tAnd each week, it seems, there\u2019s a new leak suggesting the Paramount CEO may be exploring other options to move his company\u2019s headquarters \u2014 and taking the idea seriously. <\/p>\n

\n\tOn Monday, it was Puck that kicked off another cycle when reporting that Ellison told staffers in a senior leadership meeting he plans to move the company headquarters out of state if the antitrust suit isn\u2019t settled by Oct. 1, when that penalty fee begins. This leak underscores that urgent timetable and could be seen as both a negotiating tactic and a real consideration to pull up anchor for new shores. <\/p>\n

\n\tAs The Hollywood Reporter<\/em> reported in July, Tennessee has been one of the states courting Paramount. Now add Texas, Georgia or another state to the list. The insinuation is that even if<\/em> the merger eventually goes through, the two historic Hollywood studios could (theoretically) be moving out of their historic homes.<\/p>\n

\n\tSo the notion that Ellison would abandon Paramount\u2019s historic place in Hollywood (literally: Paramount\u2019s 65-acre lot, parts of it a century old, is the only big studio in the neighborhood, after all) to finalize his mega-merger isn\u2019t a new one. But this narrative also represents a notable change in tune from Ellison, a California native himself and the product of two California universities, who not long ago was courting state politicians to win their approval for his mega-transaction. In the same letter where he laid out his vision for Paramount staying \u201ctrue to our roots,\u201d he pointed out that it was his regime that relocated the company\u2019s headquarters from New York to the Paramount studio lot in L.A. Paramount also made a commitment to produce more movies for theatrical release, \u201call of which means more activity in Hollywood and local jobs,\u201d he claimed.<\/p>\n

\n\tThe letter was sent to lawmakers Sen. Adam Schiff and Rep. Laura Friedman in response to their concerns about what the merger would mean for jobs in the state. \u201cOur pledge to continue to license Paramount and Warner Bros. film and shows means there will be additional opportunities available for creative talent in Los Angeles,\u201d Ellison continued. \u201cOur pledge to continue to be active buyers of content from third-party studios and independent producers also means more good-paying jobs in Los Angeles.\u201d<\/p>\n

\n\tFor the politicians who received that February letter, the threat to leave the state is prompting a bit of whiplash. \u201cThe reason Paramount has been an entertainment powerhouse for over a century is the crews, the writers, the artists, and the local businesses in my district. They are the best in the world at what they do,\u201d said Friedman in a statement to THR<\/em>. \u201cIt would be a massive mistake for Paramount to leave them behind, and it\u2019s wrong to treat the workforce that built Paramount as a bargaining chip in a legal matter.\u201d<\/p>\n

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\n\tIn his own statement, Schiff said his \u201cnorth star\u201d was to \u201cprotect the jobs of the hardworking Californians\u201d in entertainment. \u201cI hope that Paramount will stick to their commitments to build a stronger Hollywood and keep production here,\u201d he added.<\/p>\n

\n\tAnd Ellison isn\u2019t the only one at Paramount to have paid lip service to the virtues of working in California. Two of Paramount+\u2019s major upcoming new shows, the Clueless<\/em> sequel starring Alicia Silverstone and the original series Ascent<\/em> starring Viola Davis, are filming in L.A. They\u2019re joining other series under the Paramount corporate umbrella, like Matlock<\/em>, Tracker<\/em> and NCIS: Origins<\/em>, that already shoot in the state. As a result, Paramount landed more than $37 million in the last round of California film and television tax credits.<\/p>\n

\n\t\u201cWe\u2019re proud to continue investing in the local creative community and production talent who bring our stories to life,\u201d said CBS Studios president David Stapf in a statement on Monday, before the latest reports of Paramount\u2019s roving eyes emerged.<\/p>\n

\n\tHow real is the threat to flee the state, then, or is this a laughable pressure tactic? As THR<\/em> has previously reported, it\u2019s not impossible to imagine Ellison relocating the company headquarters, but the rubber would meet the road on attempting to persuade executives to move their studio work to, say, Nashville or Austin or Atlanta. All told, about 17 percent of the Paramount\u2019s workforce is based in L.A. alone, according to from CVL Economics, while 13 percent of Warner Bros. Discovery is based in the area. Good luck to those Paramount execs trying to meet an up-and-coming writer-creator for a casual coffee on Music Row or convincing anyone major other than Taylor Sheridan (who is soon to bid goodbye to the studio anyway) to briefly pop by for a meeting in Texas.<\/p>\n

\n\tThat\u2019s not to mention the significant ill will that would be produced by kicking a local industry while it\u2019s down, all while Ellison\u2019s representatives have been presenting him for some time as the savior of Hollywood and its jobs, if only his deal goes through. (\u201cWe will continue to fight against any attempt to derail a deal that plainly benefits consumers, creators, and the industry as a whole,\u201d a Paramount spokesperson said in response to a town hall where Hollywood workers aired concerns about job loss as a result of the mega-merger.) <\/p>\n

\n\tThe production downturn in California has been so severe that it\u2019s created a grassroots movement to improve production conditions and become a major campaign narrative for L.A.\u2019s mayoral candidates. \u201cParamount has been an iconic part of Los Angeles for more than a century, and we will work to ensure that Paramount remains rooted in Los Angeles, continues to invest in our city, and continues to support good-paying jobs for Angelenos,\u201d Mayor Karen Bass, who is running for re-election, said in a statement to THR <\/em>about the company\u2019s latest rattle of the chains. It\u2019s become a marketing tactic for television series and films to flaunt that they were made locally, rather than in, say, Romania or Australia.<\/p>\n

\n\tFor now, Ellison is attempting to ward off a trial with a stick, rather than a carrot, but the message keeps shifting. Maybe we should take his word for it that he means business on leaving California. But he said the opposite not too long ago.<\/p>\n

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\nAug. 11, 8:48 p.m. <\/strong>Added a statement from L.A. Mayor Karen Bass.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

David Ellison says he's considering moving his studio Paramount out of California.<\/p>\n","protected":false},"author":1,"featured_media":5140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[114],"class_list":["post-5141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting","tag-david-ellison"],"yoast_head":"\nParamount Has Spent 100 Years in Hollywood. David Ellison Loved That. Until He Didn\u2019t - US Property Moves<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uspropertymoves.com\/?p=5141\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paramount Has Spent 100 Years in Hollywood. David Ellison Loved That. 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