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In response to
"it's like a ninth-order reason to keep Biden in the WH four more years but they really have been transformative in enforcing antitrust law -- (link)"
by
hollywood big shot
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...look no further than Warner Bros. Discovery, whose stock has lost more than 60 percent of its value since the merger was consummated.
Posted by
JD (aka Jason Dean)
Mar 14 '24, 09:08
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For signs that regulators may be saving the studio system from devouring itself, look no further than Warner Bros. Discovery, whose stock has lost more than 60 percent of its value since the merger was consummated. Cuts are the norm after a merger, but the way in which Zaslav pursued a plan to cut $3 billion in costs has drawn ire. By shelving nearly finished titles, including Batgirl, Scoob!: Holiday Haunt and Acme v. Coyote, the company saved millions of dollars that would have went to completing and the marketing the movies, on top of collecting hefty tax write-offs. In an industry that runs on relationships with talent, the decision from WBD execs, whose bonuses are tied to free cash flow and debt reduction, alienated some creators. The backlash has been sustained after each disclosure.
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