This is how Tennessee tries to woo Paramount and other companies away from California

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Set us as preferred 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 They fled L.A.for cheaper living in Austin, Nashville and beyond.

For many, the math did not work out.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.

Hollywood Inc.Winning a restraining order will be a crucial test for California Atty.

Gen.Rob Bonta and his group.

Some observers see the states’ efforts as an uphill climb because the U.S.Justice Department last month approved the merger.“As Paramount Skydance writes its next chapter, Tennessee offers a compelling proposition: a...