CNN is mostly a lost cause, though I do agree with your statement.

The real problem with that one, though, is it would utterly destroy the American movie industry, which is a crucial part of our economy and culture.

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Terr_ a day ago | parent | next [-]

> it would utterly destroy the American movie industry

I don't understand, if Oracle etc. has financial problems, why would movie-making bits be destroyed as opposed to sold to new owners?

If the American movie industry got "destroyed", what would that look like, and how would it lead to long-term malaise? Offhand, I can't imagine the same kind of supply-chain/infrastructure rot-problem as, say, the "destruction" of the automotive industry.

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CPLX a day ago | parent | next [-]

It's the merger. That's the problem.

Consolidation into one company with a huge amount of market power ruins the market, destroys innovation, and destroys infrastructure and capacity within the vertical.

	▲	Terr_ a day ago \| parent [-]
		Oh, I see, I thought you were saying that Oracle's financial woes would have a ripple-effect that's negative for everyone else, as opposed to the mergers being a bad thing regardless of Oracle's financial situation. Yeah, America is way overdue for some trust-busting.

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dcrazy a day ago | parent | prev [-]

Because David Ellison’s explicit plan is to run Warner Bros. Discovery (owners of CNN) and Paramount (owners of CBS) as two divisions within Skydance Media. He committed to keeping a 20-odd film slate at WBD as part of antitrust negotiations with the U.S. and other countries. So he has to keep the studio running while figuring out how to pay off the investors with depreciating Oracle assets.

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Helloworldboy a day ago | parent | prev [-]

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