Just when you thought the Hollywood consolidation was maybe over, we hit a new round of awful. We reported that, fresh off his blockbuster takeover of Paramount last month, Skydance's David Ellison is apparently just getting started. He wants Warner Bros Discovery, and HBO, CNN, Batman, and Barbie to come with it. But of course, he's not the only one. Netflix is also rumored to have stepped in to look at buying Warner. It has an insanely valuable library and ancillary components, one that the streamer would love to get its hands on. But is any of this fiscally reasonable? Let's dive in. Buying Warner Bros Is Not Going to Be Cheap Warner Bros. Discovery is drowning in over $35 billion in debt against a $41 billion valuation. Its CEO, David Zaslav, is in the middle of an aggressive plan to reorganize the company and find profitability. For Warner to sell now, the entire board would have to push aside the Zaslav strategy it agreed on and see greener pastures in selling the company. Adding to the complications is that the stock for Warner is going up under speculation of a sale. It would take a hefty cash offer to see WB absorbed, but the two richest places in town right now are Paramount, Skydance, and Netflix. And each of them has deep enough pockets and profitability to make a splash. Netflix Wants Everything Netflix is very powerful and very influential. Still, it doesn't have the prestige of a studio...
Published By: NoFilmSchool - Yesterday