If you feel like this is a rare asset, that also means that an asset like this may not come up again anytime soon, right?
Possibly. Or if you look at the history of Warner Bros….
Ftheyankeei on
If I had to guess, it’s that Paramount and WB are walking into such an uncertain future in a receding industry that Sarandos thinks it’ll all end up on the auction block in 5 years
MooseMouse12 on
TLDR:
They had a price ceiling and stuck with it because they wanted WB but didn’t want to overpay for something they didn’t need. They were also confident that they would clear regulatory hurdles and claimed political factors didn’t affect their decision.
Sarandos also noted that the amount of debt PSKY will take on if the deal goes through will be so enormous they will be eventually pressured to sell content to Netflix.
Edit: Also interesting section on movie theaters.
“**The movie theater issue cropped up again and again. Now that you aren’t buying Warner Bros., does the strategy go back to what it was? Or are you still planning to put more Netflix movies in theaters?**
Everything I talked about would require us buying that theatrical distribution entity. **But one thing that’s been great about it is getting to know and have open dialogue with the theater owners. I really didn’t have much reason to before.**
We’ve figured out some really creative things to do together like you saw with Stranger Things and KPop Demon Hunters. We have One Piece in theaters next week in the US and Japan. I think we’re gonna find a bunch of cool things to do together going forward. **I could see us doing things that we haven’t done before.**”
DenyNothing1989 on
This is interesting, looks like investigating this deal has changed his mind somewhat on the value of theatrical…
“The movie theater issue cropped up again and again. Now that you aren’t buying Warner Bros., does the strategy go back to what it was? Or are you still planning to put more Netflix movies in theaters?
Everything I talked about would require us buying that theatrical distribution entity. But one thing that’s been great about it is getting to know and have open dialogue with the theater owners. I really didn’t have much reason to before.
We’ve figured out some really creative things to do together like you saw with Stranger Things and KPop Demon Hunters. We have One Piece in theaters next week in the US and Japan. I think we’re gonna find a bunch of cool things to do together going forward. I could see us doing things that we haven’t done before.”
KingMario05 on
TL;DR: Too expensive. Netflix is disclipined.
So he quit…. *for now.*
I dunno. Remember: he said he wouldn’t bid, and then he bid. So I just can’t see him going all this way and then giving up at the finish line.
My guess? He’s trying to phone a friend to get to $35 a share with a revised offer. Less of a burden on Netflix, higher price for WBD, ParaSky fucks off. Partner takes Discovery and possibly HBO Max, depending on antitrust concerns.
Who? Dunno. Comcast and Nexstar come to mind. Disney as well, at least to nab CNN and the Turner Sports stuff (for, naturally, ESPN).
Maybe it’s cope, maybe it’s fanfic. But Ted Sarandos has come this far. No way he just stops – especially as pressure now mounts on the Eldest Boy and *his* shareholder base.
Accomplished_Store77 on
I have to give the guy credit.
He made a single offer. Stuck to it. And the moment it was challenged by even a dollar per share he bowed out.
You can sat what you want about their creative side but Netflix knows how to do Business.
Never-Give-Up100 on
Honestly, at the end of the day it just feels like it wasn’t worth the fight. It was clear the Ellisons weren’t going to stop until they got it. Also, They would have to be fighting against various groups trying to put a stop to the merger, ironically including Republicans (as now it’s Democrats that are fighting to stop the Paramount merger).
And it’s like Netflix said, WB would have been nice to have, but not essential. It was kind of just a passing interest to them.
Dry-Performance7006 on
If I had to guess; paramount made a massive overpay.
8 Comments
If you feel like this is a rare asset, that also means that an asset like this may not come up again anytime soon, right?
Possibly. Or if you look at the history of Warner Bros….
If I had to guess, it’s that Paramount and WB are walking into such an uncertain future in a receding industry that Sarandos thinks it’ll all end up on the auction block in 5 years
TLDR:
They had a price ceiling and stuck with it because they wanted WB but didn’t want to overpay for something they didn’t need. They were also confident that they would clear regulatory hurdles and claimed political factors didn’t affect their decision.
Sarandos also noted that the amount of debt PSKY will take on if the deal goes through will be so enormous they will be eventually pressured to sell content to Netflix.
Edit: Also interesting section on movie theaters.
“**The movie theater issue cropped up again and again. Now that you aren’t buying Warner Bros., does the strategy go back to what it was? Or are you still planning to put more Netflix movies in theaters?**
Everything I talked about would require us buying that theatrical distribution entity. **But one thing that’s been great about it is getting to know and have open dialogue with the theater owners. I really didn’t have much reason to before.**
We’ve figured out some really creative things to do together like you saw with Stranger Things and KPop Demon Hunters. We have One Piece in theaters next week in the US and Japan. I think we’re gonna find a bunch of cool things to do together going forward. **I could see us doing things that we haven’t done before.**”
This is interesting, looks like investigating this deal has changed his mind somewhat on the value of theatrical…
“The movie theater issue cropped up again and again. Now that you aren’t buying Warner Bros., does the strategy go back to what it was? Or are you still planning to put more Netflix movies in theaters?
Everything I talked about would require us buying that theatrical distribution entity. But one thing that’s been great about it is getting to know and have open dialogue with the theater owners. I really didn’t have much reason to before.
We’ve figured out some really creative things to do together like you saw with Stranger Things and KPop Demon Hunters. We have One Piece in theaters next week in the US and Japan. I think we’re gonna find a bunch of cool things to do together going forward. I could see us doing things that we haven’t done before.”
TL;DR: Too expensive. Netflix is disclipined.
So he quit…. *for now.*
I dunno. Remember: he said he wouldn’t bid, and then he bid. So I just can’t see him going all this way and then giving up at the finish line.
My guess? He’s trying to phone a friend to get to $35 a share with a revised offer. Less of a burden on Netflix, higher price for WBD, ParaSky fucks off. Partner takes Discovery and possibly HBO Max, depending on antitrust concerns.
Who? Dunno. Comcast and Nexstar come to mind. Disney as well, at least to nab CNN and the Turner Sports stuff (for, naturally, ESPN).
Maybe it’s cope, maybe it’s fanfic. But Ted Sarandos has come this far. No way he just stops – especially as pressure now mounts on the Eldest Boy and *his* shareholder base.
I have to give the guy credit.
He made a single offer. Stuck to it. And the moment it was challenged by even a dollar per share he bowed out.
You can sat what you want about their creative side but Netflix knows how to do Business.
Honestly, at the end of the day it just feels like it wasn’t worth the fight. It was clear the Ellisons weren’t going to stop until they got it. Also, They would have to be fighting against various groups trying to put a stop to the merger, ironically including Republicans (as now it’s Democrats that are fighting to stop the Paramount merger).
And it’s like Netflix said, WB would have been nice to have, but not essential. It was kind of just a passing interest to them.
If I had to guess; paramount made a massive overpay.