Paramount plans to exit Hollywood amid merger dispute

Paramount is considering leaving Hollywood due to antitrust litigation related to its planned $111 billion merger with Warner Bros. Discovery, threatening to cut thousands of jobs and impact California's economy. The studio, which has been based in Los Angeles for over a century, reportedly almost exited but remains at the negotiation table amid efforts from city and state officials to keep it in the region. The future of Hollywood’s last major studio is now tied to ongoing legal challenges and negotiations.

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