David Ellison Is Eyeing Tennessee as Paramount’s New Home. The Move Could Save the Media Giant $500 Million

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David Ellison Is Eyeing Tennessee as Paramount’s New Home. The Move Could Save the Media Giant 0 Million

As the company continues to battle California over its proposed merger with Warner Bros., the CEO is reportedly looking to other states.

David Ellison Is Eyeing Tennessee as Paramount's New Home. The Move Could Save the Media Giant $500 Million

As tension builds in California amid Paramount Skydance’s bid for Warner Bros. Discovery, Paramount CEO David Ellison is reportedly eyeing an exit to Tennessee.

Ellison has considered moving Paramount from California as early as October if a solution to a 12-state antitrust lawsuit stalling its Warner Bros. merger could not be reached, Variety reported earlier this month. Variety named Tennessee, Georgia, and Texas among relocation options. Tennessee has since emerged as the front runner,The Wall Street Journalreported Sunday.

Oracle, chaired by Ellison’s father, Larry Ellison, chose

Oracle, chaired by Ellison’s father, Larry Ellison, chose Nashville for the tech giant’s corporate offices in 2024, a decision giving further credence to the possibility of another Tennessee relocation for Paramount.

Such a move would be a significant loss for Hollywood, but a huge win for Tennessee, where leaders have long touted the state’s low taxes and a business-friendly environment as a successful draw for corporate locations.

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Nashville’s growing film industry gained national attention with ABC’s “Nashville” show, featuring Connie Britton and Hayden Panettiere. It has since landed “9-1-1 Nashville.”

The film industry contributed more than $8 billion

The film industry contributed more than $8 billion in economic impact to Tennessee in 2024 The state offers film incentives, including 25 percent grant rebates for large Tennessee projects and a production credit that can offset up to 50 percent in tax costs, according to the state’s film commission

The Tennessee Department of Economic and Community Development declined to comment on specifics but said in an emailed statement it “remains committed to working with companies across a wide range of industries that are exploring opportunities to invest and grow in Tennessee.”

Source: www.inc.com