Paramount Shifting Its Corporate Headquarters To L.A., Keeping Skydance Base In Santa Monica

Paramount , A Skydance Corporation, will now be Paramount, an L.A.-based operation.

After the $8.4 billion closing of the merger of Paramount and Skydance formally closed on Thursday, company leaders visited New York for a press conference. One details to emerge from that 90-minute gathering was the fact that Paramount, whose corporate predecessors, Paramount Global, Viacom and CBS Corp., were all strongly identified with New York, will now be headquartered in L.A.

Plans call for the company’s official base to be on the fabled Melrose lot, executives said, though the press conference was held mere hours after the deal’s close, meaning plenty of decisions are still at a formative stage. As it sets up shop in that century-old Hollywood redoubt, Paramount will also preserve Skydance Me