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Paramount Global and WB Discovery in merger talks
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<blockquote data-quote="Henadic Theologian" data-source="post: 9225916" data-attributes="member: 7030526"><p>Grey products that still out do alot of new stuff and still make money. Don't underestimate the power of memberries, even among young folks.</p><p></p><p>Anyways this story was actually first brought to my attention about a month ago by Sci Trek, but I couldn't find any other sources at the time, just kind of sat on it.</p><p></p><p> But now Sci Trek's source has told them that this deal has been in the works for six months and is mostly about cutting costs and selling redundant assets, to reduce what will be a combined debt of 60 billion. The savings on streaming alone will be about 1.5 billion per year. They will also reduced their debt by selling off redundant assets like LA studio space,using that to reduce their debt.</p><p></p><p> The part in all this that really sucks is that there will be job cuts, that sucks. Not happy about regular folks paying the price for bad choices by the rich and powerful.</p><p></p><p> Also they may hire Netflix to run the servers and tech side of their streaming apps, but not merge with Netflix.</p><p></p><p> CBS could end up sold off too eventually.</p><p></p><p> The channel is a nice channel, it's worth subscribing to and watching.</p><p></p><p>[MEDIA=youtube]AsYs3JYSzBg[/MEDIA]</p></blockquote><p></p>
[QUOTE="Henadic Theologian, post: 9225916, member: 7030526"] Grey products that still out do alot of new stuff and still make money. Don't underestimate the power of memberries, even among young folks. Anyways this story was actually first brought to my attention about a month ago by Sci Trek, but I couldn't find any other sources at the time, just kind of sat on it. But now Sci Trek's source has told them that this deal has been in the works for six months and is mostly about cutting costs and selling redundant assets, to reduce what will be a combined debt of 60 billion. The savings on streaming alone will be about 1.5 billion per year. They will also reduced their debt by selling off redundant assets like LA studio space,using that to reduce their debt. The part in all this that really sucks is that there will be job cuts, that sucks. Not happy about regular folks paying the price for bad choices by the rich and powerful. Also they may hire Netflix to run the servers and tech side of their streaming apps, but not merge with Netflix. CBS could end up sold off too eventually. The channel is a nice channel, it's worth subscribing to and watching. [MEDIA=youtube]AsYs3JYSzBg[/MEDIA] [/QUOTE]
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