WBD in talks to merge with Paramount (1 Viewer)

[GrandAdmiral]

yeah, it is surreal to see where he is now. When I see his name, I read it as "Byrooonnnn Alllennnnn" b/c he had a tv show in.. late 80s(?) where he would interview celebrities, and he would announce his name like that.

Yeah, he came a long way from being a standup comedian. Only comedian worth more than him is Seinfeld.

 

[Doug B]

Only comedian worth more than him is Seinfeld.

That surprises me -- Allen is a legit multi-billionaire. So Seinfeld is, too? Must've been shrewd with the rights to his material & performances over the years.

EDIT: I must've had it wrong ... although net worth is hard to determine online. But quick Googling yields multiple sites that put Allen at $735 million and Seinfeld at $925 million.

EDIT2: And I presume that's personal net worth. Not sure about Seinfeld, but Byron Allen has control over one or more incorporations, doesn't he?

 

[GrandAdmiral]

That surprises me -- Allen is a legit multi-billionaire. So Seinfeld is, too? Must've been shrewd with the rights to his material & performances over the years.

EDIT: I must've had it wrong ... although net worth is hard to determine online. But quick Googling yields multiple sites that put Allen at $735 million and Seinfeld at $925 million.

EDIT2: And I presume that's personal net worth. Not sure about Seinfeld, but Byron Allen has control over one or more incorporations, doesn't he?

Yeah. I'm speaking of personal net worth.

 

[Zztop]

latest rumor

Now Peacock and Paramount Plus are discussing a merger, too

Paramount Plus and Peacock could be the next bundled streaming services.

www.theverge.com

 

[GrandAdmiral]

And another one...

Paramount Global Stock Surges As Skydance Looks To Seal Deal In Exclusive Negotiating Window – Update

Paramount Global and Skydance Media have set an exclusive negotiating period to discuss the possible acquisition of the former by the latter.

deadline.com

 

[Zztop]

https://www.cnbc.com/2024/04/25/paramount-skydance-inch-closer-to-a-merger-agreement.html

 

[Andrus]

Also, I recently learned of a new term: Enshittification

Enshittification - Wikipedia

en.wikipedia.org

Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die. I call this enshittification, and it is a seemingly inevitable consequence arising from the combination of the ease of changing how a platform allocates value, combined with the nature of a "two sided market", where a platform sits between buyers and sellers, hold each hostage to the other, raking off an ever-larger share of the value that passes between them

Well... before Paramount + goes belly up I need them to get the 2nd season of 1923 done.

 

[Zztop]

wow, I thought skydance had it all but locked up... but I read skydance only offered 5 billion... I guess I can see why Shari Redstone (who owns like 77% of paramount) would find +20 billion more appealing

Paramount Starts Official Talks With Sony For a $26 Billion Offer to Buy The Company | Cord Cutters News

Recently, the Wall Street Journal reported that Sony Picture Entertainment and Apollo Global Management have made a $26 billion all-cash offer to buy Paramount. This comes as Skydance has reportedly offered about $5 billion for a merger offer with Paramount. Now, the New York Times has reported...

cordcuttersnews.com

 

[guidomerkinsrules]

wow, I thought skydance had it all but locked up... but I read skydance only offered 5 billion... I guess I can see why Shari Redstone (who owns like 77% of paramount) would find +20 billion more appealing

Paramount Starts Official Talks With Sony For a $26 Billion Offer to Buy The Company | Cord Cutters News

Recently, the Wall Street Journal reported that Sony Picture Entertainment and Apollo Global Management have made a $26 billion all-cash offer to buy Paramount. This comes as Skydance has reportedly offered about $5 billion for a merger offer with Paramount. Now, the New York Times has reported...

cordcuttersnews.com

I don’t know money but $26b seems a lot more than 5b

 

[DaveXA]

I don’t know money but $26b seems a lot more than 5b

Like really! I'd be all over that one, lol.

 

[GrandAdmiral]

Netflix and gang want to do their own thing...

 

[DaveXA]

Netflix and hang want to do their own thing...

Interesting. I'll definitely be keeping an eye out on this.

I have Verizon rather than Comcast tho.

 

[St. Widge]

Seems odd that they would do something like this through a Cable/Internet provider like Comcast when not everyone uses Comcast.

 

[DaveXA]

Seems odd that they would do something like this through a Cable/Internet provider like Comcast when not everyone uses Comcast.

Sure, but agreements between cable providers have all kinds of agreements with streamers. I'm not sure that this would be an exclusive agreement, but maybe it is, idk. I figure streamers are going to want to be able to make agreements with multiple companies to keep their viewing audience as broad as possible.

 

[St. Widge]

Sure, but agreements between cable providers have all kinds of agreements with streamers. I'm not sure that this would be an exclusive agreement, but maybe it is, idk. I figure streamers are going to want to be able to make agreements with multiple companies to keep their viewing audience as broad as possible.

Yeah, that's what I was thinking. I recall Verizon offering a deal on Disney+, but that wasn't a bundle it was just a year of Disney+ for free. Seems like if you are going to bundle you would want to get as many people as possible.

But, honestly, I don't see the real advantage for Netflix or AppleTV+. Seems they are doing okay as it is, but Peacock has to be really struggling. All they really have is Premier League streaming.