Skydance: has the look, build, feel of a zombie corporation living off the detritus of capitalism💀

nepo baby really wanted his own company

Maybe Netflix won't have to wait as long as they thought to pick up the pieces

❤ this is the equivalent of buying a expensive dog and not taking care of it 😭

Praying Netflix buys everything for Pennie’s on the dollar! 😌

Skydebt

This so stupid, why was this merger allowed.

This feels like a Gary Oldman's character in Book of Eli situation.

So basically, if sky dance is following the 30 movies a year bet, they be competing with themselves, it's only gonna get worse

30 million in additional debt is crazy in two days

I’m terrified the new sky dance is going to go the way of Pan Aam

This makes me so happy, i bet in 1-3 years they will sell off WB/HBOMax and other assets of the new company, which then Netflix can pick what they want for pennies on the dollar.

I glad to hear this. Could not happen to a better family.

They'll have to issue new shares as part of their plan to deleverage; that's one reason I wouldn't want to invest. Also, where's the organic growth going to come from? Just because you spend money on more movies, that doesn't mean more in net profit.

LMAO. As if the BB credit rating wasn't bad enough. 😂 Makes Netflix's decision to not purchase all of WB Discovery at the price Ellison did look all the more wiser.

The two studios barely made 30 movies this year, and we’re supposed to believe that by firing half of them, the remaining half is supposed to make 30 movies a year on its own??? The math is not mathIng

This is the situation David Ellison has put Paramount and WB into. They need to make 30 films a year, but they're also going to gut basically every division which makes creating anything even harder. Where does money for making movies and TV shows come from? Investors. Well now their credit is destroyed so finding those investors will be harder and those that do invest will demand much higher interest rates. Paramount/WB have no money, so if that project the investor invested in isn't successful, Paramount/WB will probably have to borrow money from someone else to pay off that original investor. They could sell off some stock, but that stock is losing value daily, a trend which likely won't stop any time soon. Not until the market gains confidence in the companies. So two of the biggest entertainment companies on Earth are now literally living pay check to pay check while robbing Peter to pay Paul, while also being in crippling debt to such an extent that it's killed multiple other giant companies. Even if they do release 30 films a year and every single one of them is a billion dollar film, it would still take almost a decade to pay off the debt (that's if they put every penny towards the debt, interest continuing to pile up, and partners like theaters taking 30-40% of revenue). These companies are FUCKEDDDDDD. My prediction is bankruptcy by 2030, but it could happen as early as 2029. All it will take is a few very expensive movies to flop and the stock will plummet even worse, their credit rating will decrease even more, and they will be unable to even pay the interest on their debt anymore.

This will be the cautionary tale of all cautionary tales.

what was WB stock when it was sold to discovery to compare it

Ive said it before...Pride always comes before the fall.