WarnerDiscovery Has $252M Loss For Q4 When Everyone Wanted It – HBO Max Gains 3.5M New Subs, Bringing Total Of 131.6M Global Streaming Subscribers, On Track For 150M Target (Ad Revenue Drop 9% With Loss Of NBA Rights, Network Revenue Decrease 12%, Studio Revenue Fell 13% Due To Lower Content Sales)
by lowell2017
3 Comments
so netfix, wb, and paramount are all bleeding money but they’re all cannibalizing each other because they either want to buy or be bought
https://i.redd.it/ahdnn3jf0ulg1.gif
If paramount does buy WB, I really fear it’s gonna be the end of two major studios. Yes, Netflix very easily could kill WB, but they at least have the money and freedom to actually run it, and turn it around. Paramount is dying, WB is dying, I just don’t see how getting more into debt to combine two failing streaming services will save both
No surprise, really. If Netflix’s smart they let Paramount waste $100B+ on this. The value is simply not there and it’s only gonna be worse.