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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.”

July 3 (UPI) — A man, identified by Tibetan exile media as a Tibetan activist, died Thursday evening after setting himself on fire outside the United Nations’ headquarters in Manhattan, authorities said.

Video of the incident posted online shows the man dressed in robes and holding a Tibetan flag, which he places on a pole that keeps it erect, before he is seen flicking an apparent fire starter and becoming engulfed in flames.

Responders arrived with extinguishers more than a minute later and putting out the fire. The man had crumpled to the ground.

Voice of Tibet, a Tibetan exile media outlet, identified the man as Tibetan activist Lobga Rangzen who self-immolated after “a live appeal for Tibetan independence and unity.”

Gonpo Dhundup, a Tibetan exile parliamentarian, said in an online statement that the man made “the ultimate sacrifice through self-immolation to protest China’s occupation of Tibet and its repression of the Tibetan people.”

Rangzen was taken to Bellevue Hospital, where he was pronounced dead, according to police, the New York Post reported.

UPI has contacted the New York Police Department for comment.

China has controlled Tibet since 1951 and views the region as having been an integral part of Chinese territory since ancient times. The Chinese Communist Party considers the Tibetan independence movement to be one of the so-called Five Poisons that threaten its territorial claims, along with Taiwanese independence and Chinese democracy movement.

The International Campaign for Tibet, a Washington, D.C.-based human rights group, called Rangzen “a tireless advocate for Tibet who devoted himself to peacefully raising awareness of the human crisis in Tibet.”

The organization said in a statement that Rangzen had in his final statement warned that “China’s policies threaten the very survival of Tibetan identity, language and culture, and called on all Tibetans to be united in their fight for the cause of the Tibetan struggle.”

Self-immolation is not an unprecedented form of Tibetan protest.

According to the International Campaign for Tibet, a Washington, D.C.-based human rights group, 159 Tibetans have self-immolated in Tibet, China and in exile since 2009.

This is a developing story.

Violence erupted after Turkish police stormed the headquarters of the main opposition CHP party in Ankara following a court ruling that removed leader Ozgur Ozel and reinstated former chairman Kemal Kilicdaroglu.
Officers fired tear gas and smashed through barricades, removing Ozel from the building.