Texas Courts David Ellison As Paramount Relocation Race Heats Up
Paramount CEO David Ellison is exploring the relocation of the company's headquarters from California to Texas amid ongoing deal negotiations. The potential move is linked to financial pressures and a desire to avoid California's regulatory and tax environment.
Why it matters
This reflects a broader trend of major entertainment and corporate entities reconsidering their reliance on California's traditional infrastructure in favor of more business-friendly states.
With the clock ticking on his own deadline to move Paramount out of California, CEO David Ellison has been making the rounds to state officials as he fields bids on relocation packages.
A sit-down with Texas Lt. Gov. Dan Patrick last month was said to be on the books, per a public records request obtained by The Hollywood Reporter . In an Aug. 11 email to economic development officials, Red Sanders, chair of the Texas Media Production Alliance, said that Ellison met with Patrick about the move.
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