The Paramount Paradox: Can a Tax Break Save Hollywood? Paramount CEO David Ellison's backing of a bipartisan federal film tax incentive has sparked debate about the long term health of Hollywood.
As the entertainment industry grapples with the challenges of streaming, Ellison's move may be an attempt to address immediate financial concerns rather than tackle deeper structural problems.
The irony is that just as Ellison seeks relief from taxpayers, his own deal making skills are under scrutiny due to a suit filed by state attorneys general alleging an anticompetitive merger between Paramount and Warner Bros.