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The cost of Rob Bonta’s fight against Paramount deal

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The costs are clear: Losing Paramount Pictures could cost California $21 billion and nearly 58,000 jobs. 

That’s the tally from the experts at the LA County Economic Development Corporation’s Institute for Applied Economics.

They say that if Paramount follows through on a threat to leave California, which it has says it will do if Attorney General Rob Bonta and other attorneys general do not drop their antitrust lawsuit to block Paramount Skydance’s merger with Warner Bros. Discovery.

The broader impact could be even more devastating. Already, Hollywood has lost over 40,000 jobs — 30% of its peak — in just the last few years alone.

The departure of another major studio would send a terrible signal that LA is no longer the capital of the world’s entertainment industry.

The city would lose investment — and hope.

Bonta says he is helping consumers by protecting competition.

That’s also........

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