Highly leveraged company hemorrhaging money buys struggling business also hemorrhaging…
Sounds like a great idea.
Sadly it primarily isn’t about money, but influence for paramount/larry ellison unlike the Netflix deal would have been.
buys struggling business also hemorrhaging
Imo over the long run WBD could have pulled themselves out of the debt hole they got sattled with after the At&t spin-off. Maybe just not fast enough for the taste of public markets. But i think fundamentally there was a market to support them and their products are good enough.
It is if you’re making deals with the rest of oligarchy to get fat subsidies to become the propaganda producer in chief.
Remember after 2001 when the Government went to Hollywood and said they need to make more patriotic films? Pepperidge Farms remembers…
Also the America’s Army video game?
Now the Army has an esports team.
Boycott American media.
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