Zaslav’s not going to be able to get the debt down to zero.The Zaslav's plan is to get Warner Media's debt down to zero and then sell the company to Universal, at least that's what it's looking to be now.
I didn't think that Comcast/NBCUniversal was big enough to buy WB, but if this happens (assuming that the FCC doesn't block such a move), then that would mean Looney Tunes, Woody Woodpecker and Felix the Cat would all be under one umbrella!
The suitor who buys WarnerDiscovery will have to take care of the remaining amount of debt that Zaslav can’t pay off.
Jeff Bewkes actually doomed WarnerMedia from the beginning by not growing it with acquisitions, not allowing synergies between WB, Turner, and HBO, and only focusing on guaranteeing his golden parachute exit payment after selling the company to AT&T.It's too bad that Warner Bros. isn't financially strong enough to stand on its own. I'd like to see WB owned by some company that would treat its properties well.
Technically, Big Six at this point since Netflix, by paying $12 million annually as a membership fee to the MPAA, now fills 20th Century Fox's spot in the Big Six studios.Authorities already permitted one merger of two Big Six studios.
They won't permit another (which is why Sony can't buy Paramount Global)
Amazon is better because there is much sentiment for reuniting the MGM libraries, as well as the ability to build a WB theme park.
If Amazon pays for the annual MPAA membership, it becomes the Big Seven.
Amazon buying WarnerDiscovery would make it the Big Six again.
If Sony and Paramount eventually got together, you would still get the Big Five studios.
As long as it ends up being that there are multiple competitors, it’s pretty much like it is now.
I would say that nothing can actually be absolute at this point because the landscape continues to evolve enough to the point when something actually happens, it’s because of the changes over the years.