Paramount's L. A. Pledge: A Deal That May Be More Symbolic Than Substantial David Ellison's recent announcement that his combined Paramount and Warner Bros.
Discovery empire will remain in Los Angeles has raised more questions than answers about the mogul's true intentions and the future of Hollywood.
On the surface, the settlement between the 12 states and Team Ellison appears to be a victory for California's entertainment industry. By committing not to sell the Warner Bros. and Paramount lots in L. A.