The more money you’re trusted with, the stupider you’re allowed to be.
winelover08816 on
Eliminating whole swaths of the media and bringing these entities in line with the regime’s belief system is worth 100 times that price.
MurkDiesel on
*”this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price.”*
Paramount was already leaking money, they might as well leak some more
LuinAelin on
Hope everything fails now for paramount
zenlume on
I wish I could make almost 3 billion doing nothing, sounds nice.
gamersecret2 on
Netflix basically got paid for showing up, and Paramount just ate the bill to win the bid.
If you ever needed proof that streaming consolidation money is unreal, this is it.
the_djd on
They made out pretty nice. Got 2.8B for doing nothing, then in 5 years will probably be able to get WB and Paramount for less than they were going to get WB for.
SMOKE2JJ on
Looks like Paramount was willing to win at any price.. really wish Netflix had bid them up higher before giving up.
primal_slayer on
Imaging being billions in debt but paying 3 billion to win a property that will put you further in debt while all the board members still get paid millions
SnooPineapples6424 on
Ellison is going to mismanage this acquisition/business. Selling off one or both movie studios within 2 years. Netflix will be fine, may acquire another studio or be acquired (Apple?). Just a thought.
Captain_Aware4503 on
Anyone who says the US has a capitalist system is lying or undeducated. It is all about building a monopoly or oligopoly (just a few that control the whole market).
Politican91 on
#CancelParamount… but only if you had that shit service to begin with
AsterArtworks on
This is so sad especially knowing Larry Ellison is such a Zionist.
He gutted tik tok of activism and I can only imagine what will happen to Superman.
rgumai on
Netflix laughing all the way to the bank while Zaslav got the last laugh at Paramount’s initial hostile takeover lowball.
We all still lose in the end, but at least those two parties have got to be happy.
cregs on
How often does something like this happen? I know we’re living in different times but almost 3 BILLION is some sort of cancellation fee!?
TriggerHydrant on
netflix: aight imma head out
Grizzlei on
More money than all of us combined will ever earn and work with just thrown away. That’s fucking rich.
osunightfall on
Speedrunning being bought themselves after massive losses.
Micksar on
A masterstroke by Netflix to make a cool 2.8 billy.
uCry__iLoL on
Sounds like Netflix made Paramount look like a bitch lol
c200sc on
I wonder if they will send an e-mail to all subscribers again.
howdidigetoverhere on
i need a flow chart just to keep up with all the developments.
TomTomXD1234 on
Paramount got baited hard lol. Netflix is the only winner here
HighOverlordXenu on
There’s no way this purchase makes financial sense, not at that price with the contract fee on top of it.
This has to be about bending the media landscape to an ideology.
Quigleythegreat on
Cool, now stop cancelling good shows!
MarvelousVanGlorious on
Netflix pulling the ol’ switcheroo on a declining, money losing asset is pretty genius of them actually.
HDTokyo on
Is that like a record breaking fee amount??
MrrrrNiceGuy on
Welp, will not be supporting any WB movie or show if this goes through.
Goodbye DC, Game of Thrones, etc.
rAin_nul on
What happens if the shareholders don’t accept it and vote against the Paramount’s deal? They would go back to Netflix?
db7112 on
Somehow Netflix always ends up on top. Mark my words. From the moment I started receiving my three DVDs a month in the mail with no penalty or late fees, I realized I was dealing with a kind of magical company that was rewriting the rules of business.
Ma7nards on
Just gimme 0.1% of that fee and I’ll never complain again about nothin
32 Comments
The more money you’re trusted with, the stupider you’re allowed to be.
Eliminating whole swaths of the media and bringing these entities in line with the regime’s belief system is worth 100 times that price.
*”this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price.”*
Paramount was already leaking money, they might as well leak some more
Hope everything fails now for paramount
I wish I could make almost 3 billion doing nothing, sounds nice.
Netflix basically got paid for showing up, and Paramount just ate the bill to win the bid.
If you ever needed proof that streaming consolidation money is unreal, this is it.
They made out pretty nice. Got 2.8B for doing nothing, then in 5 years will probably be able to get WB and Paramount for less than they were going to get WB for.
Looks like Paramount was willing to win at any price.. really wish Netflix had bid them up higher before giving up.
Imaging being billions in debt but paying 3 billion to win a property that will put you further in debt while all the board members still get paid millions
Ellison is going to mismanage this acquisition/business. Selling off one or both movie studios within 2 years. Netflix will be fine, may acquire another studio or be acquired (Apple?). Just a thought.
Anyone who says the US has a capitalist system is lying or undeducated. It is all about building a monopoly or oligopoly (just a few that control the whole market).
#CancelParamount… but only if you had that shit service to begin with
This is so sad especially knowing Larry Ellison is such a Zionist.
He gutted tik tok of activism and I can only imagine what will happen to Superman.
Netflix laughing all the way to the bank while Zaslav got the last laugh at Paramount’s initial hostile takeover lowball.
We all still lose in the end, but at least those two parties have got to be happy.
How often does something like this happen? I know we’re living in different times but almost 3 BILLION is some sort of cancellation fee!?
netflix: aight imma head out
More money than all of us combined will ever earn and work with just thrown away. That’s fucking rich.
Speedrunning being bought themselves after massive losses.
A masterstroke by Netflix to make a cool 2.8 billy.
Sounds like Netflix made Paramount look like a bitch lol
I wonder if they will send an e-mail to all subscribers again.
i need a flow chart just to keep up with all the developments.
Paramount got baited hard lol. Netflix is the only winner here
There’s no way this purchase makes financial sense, not at that price with the contract fee on top of it.
This has to be about bending the media landscape to an ideology.
Cool, now stop cancelling good shows!
Netflix pulling the ol’ switcheroo on a declining, money losing asset is pretty genius of them actually.
Is that like a record breaking fee amount??
Welp, will not be supporting any WB movie or show if this goes through.
Goodbye DC, Game of Thrones, etc.
What happens if the shareholders don’t accept it and vote against the Paramount’s deal? They would go back to Netflix?
Somehow Netflix always ends up on top. Mark my words. From the moment I started receiving my three DVDs a month in the mail with no penalty or late fees, I realized I was dealing with a kind of magical company that was rewriting the rules of business.
Just gimme 0.1% of that fee and I’ll never complain again about nothin
Ah, so that’s why the stock jumped.