Paramount is threatening to leave California within 48 hours as its proposed $111 billion merger with Warner Bros. Discovery faces an antitrust fight and a costly Oct. 1 deadline that could add roughly $7 million a day to the deal.

KFI's entertainment reporter Heather Brooker talks with economist Kevin Klowden, senior fellow at the Milken Institute and managing director of Melcene Advisory, about how serious Paramount’s threat is, what a move could mean for thousands of California entertainment jobs, and whether Hollywood’s massive production ecosystem can really be recreated somewhere else.