Paramount CEO David Ellison Considers Nashville and Austin as Potential New Headquarters
Paramount Global is exploring potential new headquarters locations outside of Hollywood, with CEO David Ellison reportedly considering both Nashville and Austin. The company is seeking office space totaling around 400,000 square feet for occupancy within the next two to three years. While no suitable vacancy currently exists in Nashville's commercial real estate market, a built-to-suit option remains under consideration. In parallel, Paramount has shown interest in Bluebonnet Business Center in Austin, one of only two available spaces over 400,000 square feet in the city. The move echoes similar decisions made by David Ellison’s father, Larry Ellison, who relocated Oracle's headquarters from California to Austin and later announced plans for a Nashville campus. However, unlike software companies, moving a film studio out of Hollywood is more complex due to industry infrastructure considerations. Some speculate that Paramount's threats to leave California may be tied to the ongoing legal battle over its $111 billion merger with Warner Bros. Discovery.
Topics: Austin David Ellison HQ relocation Nashville Oracle Paramount