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“The merger would give Paramount 27 percent of the market share for theatrical releases, leaving 73 percent to its competitors.”

“That pressure built up for weeks as Paramount CEO David Ellison and his troops made it clear to all involved that the company was dead serious about leaving LA for Nashville, Tenn., or Austin, Tex.”

“…d that the WGA has also separately settled its suit against Paramount trying to block the merger.) The settlement includes a pledge by David Ellison to hold onto both the Paramount and Warner Bros. studio lots and keep them active, after the billionaire exec…”

“The end result may be Paramount leaving the state for the more business-friendly environs of Nashville, Tennessee.”

“Gavin Newsom and his likely successor Xavier Becerra are both worried about the prospect of Paramount leaving the state.”