David Ellison confirms merged Paramount and Warner Bros Discovery will stay in Los Angeles
David Ellison stated that his newly merged company will keep its headquarters in Los Angeles following a settlement with California.
Settlement resolves legal dispute
Paramount and Warner Bros Discovery reached a settlement with California attorney general Rob Bonta. The agreement involved minor concessions according to reports from the Hollywood Reporter. Ellison announced that the merged entity will immediately begin work on strengthening Hollywood.
Headquarters location remains fixed
The mogul declared that the company is not moving its base of operations. He emphasized that their history and future are built in Los Angeles. This position aligns with promises made to politicians earlier this year regarding local production.
Rumors of relocation dismissed
Speculation had suggested the family might move the business to Tennessee or Texas. Officials in those states have expressed interest in hosting corporate headquarters due to lower taxes. Ellison rejected these hints and confirmed the company will not pull up stakes.
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