courting

Tennessee propositioned Paramount Skydance, hoping to tempt it to become the next company to leave California.

As California Atty. Gen. Rob Bonta gathered a coalition of 12 state attorneys general to try to block Paramount’s $111-billion takeover of Warner Bros. Discovery, Tennessee slid into Paramount’s DMs, suggesting it would be better treated in the southern state.

Corporate flight from the Golden State has increased in recent years, with many California-based companies fleeing for lower taxes and more lax business regulations. For the first time this year, California was not the state with the most Fortune 500 companies, after Texas dethroned it in June.

California companies packing up their people and headquarters to move to Texas has been a well-traveled road for those looking for options. Now Tennessee wants to be in the running as a prime destination as well.

Here is what you need to know about its efforts:

What happened with Paramount?

In a July 2 letter to Paramount Chief Executive David Ellison, Tennessee Deputy Gov. Stuart McWhorter pitched a relocation of the studio’s Hollywood headquarters to the Volunteer State. In the middle of a brutal legal battle with California regarding the proposed Warner Bros. merger, Tennessee may appear more appealing to Ellison. Paramount relocated its headquarters from New York to Los Angeles in August of last year.

“As Paramount Skydance writes its next chapter, Tennessee offers a compelling proposition: a state where creativity and technology converge, where talent is developed intentionally, and where innovation is embraced,” said McWhorter in the letter viewed by The Times. “We would welcome the opportunity to share our vision for how Tennessee could help shape the future of Paramount Skydance and its talented team.”

Though many in Hollywood have giggled at the idea of a major studio moving to the South, it isn’t totally ridiculous.

Ellison has backing from his father, tech billionaire and Oracle co-founder Larry Ellison. Oracle, once a California-based company, is now moving its headquarters to Nashville.

In December of 2020, the software tech company left California, where it was founded in 1977, to relocate to Texas. In April 2024, it chose Nashville as the home for Oracle’s “world headquarters,” which began construction in February.

Have other companies moved to Tennessee?

Oracle isn’t the first company to set up in Tennessee. Nissan, which had operated its U.S. headquarters out of Gardena since 1960, left the state in 2005 for Franklin. Nissan chose Tennessee for its drastically lower operational costs.

Mitsubishi Motors also moved its headquarters to Franklin from Cypress in 2019. Mitsubishi moved for lower operational costs and to be in a state with less-strict business regulations than California‘s.

Two beloved California burger chains moved to Tennessee.

In 2018, CKE, the parent company of Los Angeles-founded Carl’s Jr., also left California for Tennessee. CKE consolidated Carl’s Jr. and its St. Louis chain, Hardee’s, under its headquarters in Franklin.

In-N-Out — arguably California’s most iconic burger spot known for its animal fries and double doubles— began a transition out of California in 2023. It established a corporate office in Franklin, and last summer, owner and Chief Executive Lynsi Snyder announced her own move to Tennessee.

Last year, Snyder said pandemic-era restrictions and California policy motivated her decision to leave, but she has no plans for In-N-Out to expand farther East. The majority of In-N-Out locations are still in California.

“There’s a lot of great things about California, but raising a family is not easy here. Doing business is not easy here,” Snyder said.

What is so special about Tennessee?

The southern state’s highly business-friendly tax incentives make it an extremely desirable location. Businesses and billionaires are drawn to Tennessee by its lack of state income and property taxes. Instead, the state relies on a 7% sales tax as its main source of tax revenue. Tennessee also offers a number of tax credits and grants for businesses, including many designed to support newly relocated businesses, cover costs of training new employees, and construction.

Tennessee’s central location and well-connected infrastructure support supply chain logistics. Seven interstate highways run through Tennessee, and six of the United States’ class 1 rail lines operate there, allowing companies to cut transportation costs dramatically. Memphis is also home to the busiest cargo airport in the country.

The Tennessee Department of Economic and Community Development says the state has one of the best business incentive programs in the country and has been ranked the third best state for doing business by Chief Executive magazine.

Tennessee Gov. Bill Lee attributes the success to the state’s competitive tax policy, workforce, and quality of life.

“Companies choose Tennessee because they recognize the strength of our workforce, our strategic location and our ability to support long-term growth,” Lee said in an emailed statement. “Tennessee’s success comes from our commitment to helping businesses thrive.”

A panel on the Brazilian Supreme Court has voted to convict Eduardo Bolsonaro of lobbying the United States to interfere in the trial of his father, former right-wing President Jair Bolsonaro.

On Tuesday, three of the four justices on the panel voted in favour of conviction, with one remaining justice yet to vote.

They determined that Eduardo Bolsonaro’s actions amounted to coercion against Brazil’s justice system and sentenced him to four years and two months in prison.

“It wasn’t merely an expression of opinion or a political stance, but rather conduct that clearly threatened Brazilian authorities and Brazilian citizens themselves,” Justice Cristiano Zanin said, calling Eduardo Bolsonaro’s actions “illegitimate and criminal”.

The conviction is the latest legal setback for the Bolsonaro family, which remains a dominant force on Brazil’s political right.

Jair Bolsonaro is serving a 27-year prison sentence for his efforts to remain in power after losing the country’s 2022 election.

Prosecutors described his actions as an attempted coup. Bolsonaro and his family have portrayed the trial as a political witch-hunt.

The ex-president’s third son and a member of Brazil’s Chamber of Deputies, Eduardo Bolsonaro has been active in his father’s defence.

In March 2025, he pledged that he would move to the US full time to “focus 100 percent” of his energy on “a single cause”: freeing his father.

Prosecutors accused him of mounting an illegal campaign to court US President Donald Trump and use foreign influence to pressure Brazilian officials to drop the case against Jair Bolsonaro.

Trump, an ally of Bolsonaro, had likewise tried to remain in office despite his loss in the 2020 election and has accused Brazilian officials of persecuting right-wing voices like Bolsonaro.

In July 2025, Trump issued a letter announcing 50 percent tariffs on certain Brazilian products, citing Jair Bolsonaro’s trial, specifically, as a reason.

“This Trial should not be taking place,” Trump wrote at the time. “It is a Witch Hunt that should end IMMEDIATELY.”

Trump also issued an executive order sanctioning one of the Brazilian Supreme Court justices involved in the Bolsonaro case, Alexandre de Moraes, on the basis that he worked to “target political opponents” and “suppress dissent”.

He called de Moraes a “threat” to the US, and his administration later expanded the sanctions to include the justice’s family members, as well as other Brazilian judicial officials.

Brazil’s current president, Luiz Inacio Lula da Silva, has denounced those actions as an attempt to interfere in Brazil’s domestic affairs.

As relations with Lula grew more cordial, the Trump administration relaxed its tariffs against Brazil. In December, it also repealed the sanctions against de Moraes and his family.

Lula, meanwhile, visited the White House in May and praised what he described as a productive meeting with his US counterpart.

But it remains unclear what role Trump may seek to play in Brazil’s upcoming presidential elections.

The left-wing Lula is campaigning for a fourth term, and he is likely to face his stiffest competition from Jair Bolsonaro’s eldest son, Senator Flavio Bolsonaro.

A CNT/MDA poll released on Tuesday projected that Lula would receive 49.3 percent of the vote in a run-off election against the senator’s 40.2 percent.

Flavio Bolsonaro has faced his own legal trouble in recent months, with police opening a probe in April into whether he defamed Lula. His connections to a disgraced banker have also raised media scrutiny.

Jair Bolsonaro, meanwhile, faced questions this week about the presence of a firearm in his home in Brasilia, where he is serving three months of his sentence on medical grounds.

Justice de Moraes likewise asked the elder Bolsonaro’s legal team to explain the presence of the weapon, which police discovered during a routine inspection on Monday.

A security guard for Bolsonaro initially said the 9mm Glock pistol was his own, but it was later revealed to be the ex-president’s.

De Moraes gave Bolsonaro’s legal team 24 hours to explain why “the convicted man kept a firearm at home”.