Paramount To Keep Headquarters In Los Angeles Post-Merger: “We Aren’t Going Anywhere”
Paramount is not leaving California — at least not anytime soon. The settlement of the anti-trust lawsuit filed by 12 state attorneys general calls for the company, which is set to acquire WBD shortly, to keep both the Paramount lot on Melrose and the Warner Bros. lot in Burbank for the next five years. “We […]
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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