> and we'll see meaningful copyright reform

Are you betting on the content conglomerate bidding tens of billions, or the nepo baby LBO shop wearing the corpse of a movie studio as a salmon hat to spur copyright reform?

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observationist 12 hours ago | parent | next [-]

I'm hoping that they're sufficiently absurd in their mere existence to spur questions among the electorate. "Hey, that looks weird, and not right. Maybe we should fix that!"

Yeah, I know, way too optimistic.

	▲	dboreham 7 hours ago \| parent [-]
		We're more likely to get government by "honest AI" than for that to happen.

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awongh 19 hours ago | parent | prev [-]

Paramount is dead?

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JumpCrisscross 18 hours ago | parent [-]

> Paramount is dead?

Paramount broke its tradition of barely treading water [1] in 2023 by booking multibillion cable losses [2] before being acquired in a de facto LBO [3] at half the price it traded at in 2005 [4]. (90% off its 2021 peak, though that may have been meme-y.)

Paramount Skydance–the one bidding for Warner–has $15bn of debt on $600mm operating cash flow supporting $15bn of equity trading above book value while still posting losses [5].

It's not dead. But it's at least necrotic.

[1] https://tradingeconomics.com/cbs:us:net-income

[2] https://www.filmtake.com/distribution/paramounts-financial-t...

[3] https://en.wikipedia.org/wiki/Paramount_Skydance

[4] https://stockanalysis.com/stocks/para/history/

[5] https://finance.yahoo.com/quote/PSKY/key-statistics/

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bnjms 14 hours ago | parent [-]

How does one learn to think about companies buying each other. It’s counterintuitive to me for an entity with stock to buy stock in another entity which could itself own stock in the first.

The way you write it I can’t see why WB would be allowed to sell itself when it makes the most sense for Patamount to go bankrupt some time from now and be split up amongst US media; Netflix/HBO/Disney/Peacock

	▲	vel0city 14 hours ago \| parent \| next [-]
		You're missing the key part. The Paramount deal includes billions in Saudi money funneled through the President's son in law.
	▲	s1artibartfast 11 hours ago \| parent \| prev [-]
		What matters is if paramount can pony up enough money to buy. Stores don't reject your cash even if you are debt.