I think that's probably overstating the case Musk contributed $1 billion to a company $80 billion in debt from the CBS and Warner acquisitions that is run by people who have no idea what they're doing
53 reposts191 likes
I think that's probably overstating the case Musk contributed $1 billion to a company $80 billion in debt from the CBS and Warner acquisitions that is run by people who have no idea what they're doing
53 reposts191 likes
Even investors normally thrilled by "growth for growth's sake" consolidation are so worried about all that debt that the new skydance is already worth less than half of what it Warner Bros and Paramount were previously this thing is going to be a flailing money pit staffed by goons
Larry, Elon, Rupert and John (Malone) have too much invested in the top-down, command-and-control media environment they’ve spent years creating to let SkyDance just go toes up. Thinking more: the mother of all debt workouts. Only the entertainment industry at large will suffer.