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Paramount Leaving California Will Devastate Los Angeles Economy, Leaked Report Finds

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CitrixNews Staff
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Paramount Leaving California Will Devastate Los Angeles Economy, Leaked Report Finds
Sep 12, 2026 4:41pm PT Paramount Leaving California Will Devastate Los Angeles Economy, Leaked Report Finds

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Jack Dunn

See All Paramount, a Skydance Corporation Press Conference at 1515 Broadway on August 7, 2025. Pictured (L-R): David Ellison, Chief Executive Officer. Photo: Mary Kouw/Paramount Courtesy of Paramount

A leaked report from the Los Angeles Economic Development Corporation outlines devastating aftershocks that would follow if David Ellison pulled Paramount Skydance out of California.

A copy of the report published by Politico reads, “At a minimum, relocating Paramount’s headquarters and other operations out of California would result in losses of 2,750 and 5,550 job-years in California across all industries and losses of between $1.01 billion and $2.03 billion in economic output between October 1, 2026, and September 30, 2031.”

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