David Ellison Says Paramount Headquarters Won’t Leave LA: ‘We Aren’t Going Anywhere’
The executive assures in a follow-up statement to Monday's settlement news that he's "eager to get to work building a stronger Hollywood" The post David Ellison Says Paramount Headquarters Won’t Leave LA: ‘We Aren’t Going Anywhere’ appeared first on TheWrap .
Paramount CEO David Ellison has confirmed that the headquarters of the newly merged company, following the $110 billion acquisition of Warner Bros. Discovery, will remain in Los Angeles. Speaking on Monday, Ellison expressed his eagerness to build a stronger Hollywood, emphasizing that the merged entity will continue to operate out of their established base in the city.
While it was not explicitly stipulated in the terms of the settlement between Paramount and the 12 state AGs, the agreement did require the preservation of both companies' studio operations. This determination alleviated concerns that had been raised when the Los Angeles-based studio had hinted at relocating and potentially abandoning its LA facilities.
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