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even pseudo-growth obsessed Wall Street is like: this sucks

variety.comWall Street Skittish on Skydance as Stock Drops Further Post-MergerShares in the post-merger Skydance were down nearly 8% as of 10:40 ET on Wednesday, hovering at a share price of $8.84.

Karl Bode

@karlbode.com

don't worry, there's only like 50 years of hard data, much of which involves this very company, showing that these megadeals are pointlessly disastrous for labor, consumers, markets, and product quality

Andre Kenji de Sousa

@andkenbrbr.bsky.social

They are underestimating their problems because both CEOs only mention legacy studios. It's Big Tech that is the biggest threat to both studios, not the rest of Burbank.

Karl Bode

@karlbode.com

in their heads they think they're also going to become a top tech company but when traditional media and telecom giants make this pivot they always fall on their face (see: AT&T)

7/10/26, 4:12 pm0 reposts6 likes

Andre Kenji de Sousa

@andkenbrbr.bsky.social

I also think that what should frighten them is that Amazon doesn't really need to make money with Prime Video. I'm seeing Prime Video and Netflix in a turf war in Latin America, with all legacy players being squeezed.

Andre Kenji de Sousa

@andkenbrbr.bsky.social

Big Tech(Not Big Tech failsons) has avoided buying big studios because of Sony-Columbia, that never really made money and became a huge distraction for Sony when MP3 became popular.

Karl Bode

@karlbode.com

Like AT&T I think it's just hubris in that they think they can buy their way to market dominance but it's such a fickle and unstable segment and these kinds of execs aren't really innovative adaptation types, they're just cocksure bullies

Andre Kenji de Sousa

@andkenbrbr.bsky.social

They poached the CEO of Mattel, their stock is plunging in large part because they focused too much on their existing "franchises" and forgot to come up with new toys. They are going to try the same strategy with the studios.

Andre Kenji de Sousa

@andkenbrbr.bsky.social

I think that the caricature of the failson that has daddy's money and is filled with hubris is correct. The numbers for studios are brutal, just someone that has no experience or even any superficial reading of it would want to ever ENTER this line of business.