Paramount Leaving California Could Mean Up to $21 Billion in Lost Annual Economic Output, Leaked Study Finds

If Paramount makes good on its threat to relocate out of California, the results would be devastating for the state and the entertainment industry, a leaked economic impact study finds. According to a study conducted by the Los Angeles County Economic Development Corporation dated Sept. 10 (and leaked by Politico), once Paramount completed the entire relocation out of state, California would experience the permanent loss of approximately 28,990 to 57,980 full-time jobs statewide across all industries, and losses of between $10.6 billion and $21.2 billion annually in economic output. At . . .