- cross-posted to:
- memes@sopuli.xyz
- cross-posted to:
- memes@sopuli.xyz
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Surely the free market will protect consumers and access to reliable information and integrity in broadcasting… With consolidated monopoly we can trust one or two billionaires. Surely. I’m sure.
You don’t become a billionaire by being a dick head so yea we can trust them
If everyone just followed their example we could all be billionaires.
But they will get it, as the paramount owner has sucked djtd
Trump seems like he’s waiting for the two companies to compete at lining his pockets before he makes a decision.
Very possible that Ellison’s near-trillionaire dollar parent company can win in a slugging fight. But that cuts into his position to corner the market on national media, just as his inflated Oracle valuation is running into slightly-more-skeptical-than-a-goldfish Wall Street investment.
Meanwhile, Netflix only has $400B in equity to throw around, but appears to demonstrate some real value-add in consolidating with the other non-Disney Streaming Service that actually makes money. This isn’t just a vanity project for them.
He gives excellent dome.
If people just don’t watch anything post merger… that’s it for them. It’s kinda hard to but it’s still a fantastic fantasy.
The way they want to inshitify it all, I’ve a feeling it’s not going to be that hard to say no all too soon.
I’m imagining a comically oversized credit card, like those giant novelty checks.
Found this interesting. MAGA really wants control over Warner Brothers.
Jared Kushner, the President’s Son-in-Law, Is Part of Paramount’s Bid for Warner Bros. Discovery
It almost seems like the big one they’re after is CNN.
they already got CNN
I didn’t think Netflix was going to get CNN. Either way, I say let them have CNN. It is untrustworthy anyway.
I don’t really think Netflix’s goal was CNN, it just happens to be owned by WB. Netflix is after WB/HBO’s library and production apparatus. I think Paramount’s, especially Ellison and Kushner, goal here is primarily control of CNN. Even though CNN is dogshit, it’s still one of the most watched news stations in the country, and control of that outlet would likely be very beneficial for Trump’s propaganda machine.
CNN is apparently the third watched news network after Fox and whatever MSNBC is calling themselves nowadays, according to this PBS article. Paramount wants CNN to be combined with CBS under Bari Weiss, a Zionist, anti-trans “left-leaning centrist” activist/“journalist”. John Oliver covered her a couple of months ago on Last Week tonight, if anyone is curious (youtube link), but basically the Paramount-CNN acquisition is meant to capture and reduce whatever “left wing” is media left in the US and make it controlled opposition.
edit: jesus christ I just realized we’re discussing this in the meme community, what has the world come to 😒
CNN acquisition is meant to capture and reduce whatever “left wing” is media left in the US and make it controlled opposition.
always was.
I mean ofc, but it’s always nice to see it laid out with sources. Some people in this thread are confused about the acquisition terms.
My googling said CNN was not a part of the deal.
Honestly, I think MAGA wants control of all media. No more woke Superman or antifa Peacemaker.
Netflix’s deal/offer is only for WB/HBO properties. CNN etc. would be spun off into its own company called Discovery Worldwide IIRC.
Paramount’s hostile takeover attempt is for the whole WB/Discovery enterprise.
Wonder who’d finance that? I can only see companies solely interested in stripping anything valuable from a pair of husks, or foreign investors looking to effectively own a great portion of the American cultural sphere.
Wonder who’d finance that?
Saudi Arabia
I can only see companies solely interested in stripping anything valuable from a pair of husks, or foreign investors looking to effectively own a great portion of the American cultural sphere.
Netflix is legitimately looking to consolidate streaming services into a functional monopoly. There’s a real value add in capturing all those HBO subscriptions and turning them into Netflix subscriptions. Plus, the benefit of adding the Netflix catalog to their own exclusive platform is self-apparent. Given the Netflix model for making movies - make one movie and reskin it a hundred times - this would be incredibly bleak for the HBO property set.
That said, Ellison has a ton of money coming in from his friends in Saudi Arabia and Softbank. And the Saudis really do seem to believe the future of their country is just a thousand data centers propping up a feudal style caliphate. Manipulating the world’s largest military through their idiot-boxes seems to be a winning formula for global hegemony, so there’s also plenty of value-add for The Kingdom.
So you’re probably right on both fronts.
PIF same as everything else
How is that even possible?
The assets of the acquired company are often used as collateral for the financing
This is so dumb.
“I want to buy That Car, can you give me money? I have… nothing.”
“But if you have nothing, how can we expect you to ever pay back That Car?”
“Well, after buying That Car, I will have a net worth of That Car, so paying you back obviously will be trivial using ownership of That Car.”
“Sounds like we have a deal!”
I mean, I also think leveraged buyouts are dumb and should at the least be a lot more regulated than they are if not made illegal, but your example here is bad because that’s exactly how car loans work.
Normal car loans have the title of the car go to the bank because the car itself is being used as collateral for the loan, just like a house is with a mortgage.
Which is why you need insurance if you buy That Car on a loan. So there’s somebody else who will pay back the loan if you fuck up That Car.
If That Car is worth a hundred billion dollars, suddenly that very important aspect just seems to vanish and you can just buy That Car with itself without any further securities.
Very true
Follow the money…
