Paramount, Warner Bros Formally Merge, Form Giant Mountain of Disastrous Debt
4 hours ago
- The $110 billion merger of Paramount and Warner Bros creates Skydance with $82 billion in debt, leading to expected mass layoffs, higher prices, and lower-quality content.
- The deal faced weak opposition from Democrats and state attorneys general despite clear antitrust concerns, while Republicans supported it.
- History of Warner Bros mergers (AOL, AT&T, Discovery) always resulted in layoffs and worse products, suggesting this will repeat.
- The Ellison family, overextended in AI, must manage debt while adapting to a struggling traditional media landscape.
- Predictions include thousands of layoffs, project cancellations, rising streaming prices, and CNN becoming more pro-corporate and right-wing.