Paramount Skydance aims to buy Warner Bros. Discovery

[_lost_username_]

I think I'm going to be sick:

Quote

Paramount Skydance PSKY 15.55%increase; green up pointing triangle is preparing a majority cash bid for Warner Bros. Discovery WBD 28.95%increase; green up pointing triangle that is backed by the Ellison family, according to people familiar with the situation.

The bid will be for the entire company, including its cable networks and movie studio, the people said. Warner said late last year it planned to restructure into two operating divisions, one focused on the legacy cable-television business and the other on streaming and studios.

Such a deal would be a big swing. Warner Bros.’s nearly $33 billion market capitalization is more than double that of Paramount Skydance. A bid hasn’t yet been submitted and the plans could still fall apart.

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Fuck you peons. Consume more reality TV motherfuckers! 

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery - WSJ

[Raptorpat]

shouldn't there be like some sort of cooldown between one megamerger and the next

[MasqueradeOverture]

They're gonna buy fucking Six Flags at this rate

[_lost_username_]

We're getting closer to Mickey Mouse and Bugs Bunny existing in the same universe!

[scoobdog]

28 minutes ago, _lost_username_ said:

We're getting closer to Mickey Mouse and Bugs Bunny existing in the same universe!

Besides Who Framed Roger Rabbit? of course.

[discolé monade]

so this isn't monopolizing? 

wasn't that a thing back during the days of 'ma bell'? too big for it's own good and all that jazz.

it's weird how all the rules just get chucked. 

[_lost_username_]

19 minutes ago, discolé monade said:

so this isn't monopolizing? 

wasn't that a thing back during the days of 'ma bell'? too big for it's own good and all that jazz.

it's weird how all the rules just get chucked. 

I remember a performer saying that before streaming, they got a $5,000 check from DVD royalties every quarter. With the advent of streaming, those checks are now $250. That's vertical integration for you.

Happening in broadcast too. Look at Nexstar and Sinclair. They own hundreds of TV stations and are now looking at getting rid of more regulations. Nexstar wants to do away with a lot of local news and move to newshubs. They also own multiple stations in single markets because of shell companies. I think it was the Telecommunications Act of 1994 that opened the door for that and also destroyed radio.