When Hollywood’s Major Studios Threatened to Leave California — For Florida In recent weeks, Paramount CEO David Ellison has been making headlines for threatening to relocate his studio out of California unless the state attorney general drops a lawsuit challenging the merger between Paramount and Warner Bros.
The prospect of 60,000 jobs being lost is dire, but it's not the first time Hollywood has faced such a threat.
A similar crisis emerged in 1934 when Upton Sinclair, a socialist candidate for governor, proposed an audacious plan to take control of California's economy under state auspices.