As we approach the mid-term elections, it might be a good idea to take a look at the consequences of some of the ideas that the Democrat party is espousing. Those consequences are visible in blue states such as California, Minnesota, New York, and others. Many blue states are losing population as businesses and residents leave those states to go to states with better economic conditions and fewer regulations.<\/p>\n
On Friday, American Greatness<\/a> posted an article about another major company talking about leaving California because of the actions of California’s Attorney General.<\/p>\n The article reports:<\/p>\n An antitrust battle over a proposed merger of Paramount Skydance with Warner Brothers has Paramount\u2019s CEO David Ellison threatening to move the studio out of the state of California.<\/strong><\/p>\n The Daily Caller reports<\/a> the Hollywood giant is weighing moving its operations out of California while the state\u2019s Democratic attorney general leads a lawsuit seeking to block its acquisition of Warner Bros. Discovery.<\/strong><\/p>\n The California Attorney General Rob Bonta<\/span><\/span><\/u>, backed by 11 other state attorneys general and the Writers Guild of America, filed a lawsuit to block the deal on antitrust grounds, according to The Wrap.<\/strong><\/p>\n According to TMZ<\/a>, officials within the Los Angeles Mayor\u2019s office and California Attorney General\u2019s office say Paramount has threatened to leave California and move its operation to another state, if the matter isn\u2019t settled by Oct 1.<\/strong><\/p>\n …A leaked internal report warns that if Paramount follows through on the move, the impact on California\u2019s economy could include the loss of up to 58,000 jobs, a $21 billion hit to economic output, and a reduction of up to $1.17 billion in annual state tax revenue, according to Yahoo Finance<\/a>.<\/strong><\/p>\n The Daily Caller reports that Paramount\u2019s departure would be another blow to the state\u2019s already shrinking entertainment industry.<\/strong><\/p>\n According to the Los Angeles Times<\/a>, the region shed roughly 57,000 entertainment jobs over the past four years, while more than 80 film and television production service businesses have closed since 2022.<\/strong><\/p>\n The article concludes:<\/p>\n The threatened move underscores how California\u2019s current regulatory climate is becoming intolerable despite Governor Newsom\u2019s claims that the state would continue to be the entertainment capital of the world for decades to come.<\/strong><\/p>\n UPDATE: Sept 22<\/p>\n From The Hollywood Reporter<\/a>:<\/p>\n After all of that sound and fury, that\u2019s it? \u201cI don\u2019t think these two companies should merge,\u201d said California attorney general Rob Bonta in unveiling a settlement with David Ellison to allow the mogul to do just that with Paramount<\/a> and Warner Bros. Discovery<\/a>.<\/strong><\/p>\n I wonder if Paramount will stay in California.<\/p>\n","protected":false},"excerpt":{"rendered":" As we approach the mid-term elections, it might be a good idea to take a look at the consequences of some of the ideas that the Democrat party is espousing. Those consequences are visible in blue states such as California, … Continue reading