THE STREAMING CROWN IS UP FOR GRABS
Paramount may be threatening to leave California, but I donât think California should respond with fear.
Yes, losing Paramount jobs and tax revenue would hurt. Workers shouldnât be treated as collateral damage in corporate battles. But there is another way to look at this moment: an opportunity to build something new.
The Writers Guild of America has pushed back against Paramount Skydance CEO David Ellisonâs threat to leave California, arguing that Paramountâs enormous influence over the entertainment industry is precisely why its proposed merger deserves scrutiny.
And thatâs the bigger issue.
For generations, companies like Paramount and The Washington Post became more than businesses. They became cultural institutions. But as ownership changed and media became increasingly concentrated in the hands of billionaires and massive corporations, many people have begun questioning whether these institutions still represent the legacy they once built.
You canât buy public trust simply by buying the company that once had it.
So maybe California needs to stop asking, âHow do we save Paramount?â
âWho will become the next Paramount?â
Paramount was once a new company. Every legendary media institution was once an idea that hadnât yet proven itself.
California still has the writers, filmmakers, actors, journalists, engineers, artists and creators capable of building the next generation of media.
Letâs give them the opportunity.
Letâs invest in new studios.
Letâs support independent media.
Letâs build new streaming companies.
Letâs create new institutions capable of earning the trust that legacy companies are losing.
Paramount leaving California could be a loss.
But it could also create space.
The future of Hollywood doesnât have to belong to yesterdayâs giants.
The streaming crown is up for grabs.
Bye-bye, Paramount. Hello, whoâs next?