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THR: Warner Bros could be sold off in the near future, possibly to Comcast
Posted on 9/16/22 at 11:01 am
Posted on 9/16/22 at 11:01 am
Good read
LINK
ETA: more from THR
LINK
quote:
All these issues pale next to the biggest question hovering over any top job at WBD: How long will this gig last? The company is grappling with that heavy debt load and skeptical investors. One former Zaslav exec recently received a letter from a due-diligence firm on behalf of an unspecified client, asking for his evaluation of Zaslav’s leadership style, strategic plans and likelihood of success. That could suggest various possibilities — a potential acquirer digging around, a dissident shareholder sniffing for weakness, a hedge fund trying to place a bet. So much uncertainty.
Given the company’s daunting challenges, it has become accepted wisdom at the highest levels of the industry that another deal waits in the wings for Warner Bros. Discovery. For reasons related to the complicated structure of that merger, no negotiations can happen until April 2024. But at that point, many industry observers believe that Comcast’s Brian Roberts will make a long-awaited move, looking to combine NBCUniversal and Warner Bros. Discovery.
That deal would face some interesting antitrust issues but would give his company scale and a viable streaming service. “Obviously Peacock sucks,” says one exec with knowledge of both companies. “There are some good synergies. I’m sure [Roberts] is licking his chops because the [WBD] stock is so low. And I think that’s Zaslav’s endgame. Get the place sold.” (Roberts and NBCU CEO Jeff Shell met with Zaslav and board member John Malone during the Allen & Co. gathering in Sun Valley last July, but given the rules against plotting any combination, that was no doubt just a friendly get-together.) A?WBD spokesperson responds: “We are building Warner Bros. Discovery for the long term.”
Many top industry execs are so convinced a deal will happen that some are pre-mourning an event that may never happen. “People feel like it’s Comcast for sure,” says the head of one company. “It’s going to be so depressing to lose another major studio [after Disney bought Fox]. And Warners was the Tiffany studio.”
LINK
ETA: more from THR
quote:
David Zaslav’s Strategy Shift: Licensing Out Warners’ IP Treasure
The mogul’s "open for business" mantra has led Warner Bros. Discovery to aggressively pursue rights deals — even for its core brands.
LINK
This post was edited on 9/16/22 at 2:47 pm
Posted on 9/16/22 at 11:51 am to RLDSC FAN
In all of WB’s various machinations - AOL Time Warner, AT&T, now WBD - has any actual value been created beyond fees for lawyers and I-bankers?
Posted on 9/16/22 at 12:40 pm to NWHoustonTiger
There goes any hope of a decent DCEU ever becoming a reality. As soon as some conglomerate like NBC/Comcast or Disney gets a hold of a studio, it goes to absolute dogshit.
There was actually a ray of light for WB with Zaslov at the helm, but losing out on his hand-picked DC guy, was probably the nail in the coffin for the studio.
There was actually a ray of light for WB with Zaslov at the helm, but losing out on his hand-picked DC guy, was probably the nail in the coffin for the studio.
Posted on 9/16/22 at 12:56 pm to RLDSC FAN
quote:
For reasons related to the complicated structure of that merger, no negotiations can happen until April 2024.
Sometime in 2023 Disney is expected to buy Comcast out of their stake in Hulu. So they would have a bunch of cash from that deal to help buy WBD, and then all of a sudden Comcast's streaming service goes from back of the bus to head of the class.
Posted on 9/16/22 at 1:04 pm to TigerinATL
quote:
Sometime in 2023 Disney is expected to buy Comcast out of their stake in Hulu. So they would have a bunch of cash from that deal to help buy WBD, and then all of a sudden Comcast's streaming service goes from back of the bus to head of the class.
That's a good point
Posted on 9/16/22 at 1:10 pm to Jack Ruby
quote:
There goes any hope of a decent DCEU ever becoming a reality. As soon as some conglomerate like NBC/Comcast or Disney gets a hold of a studio, it goes to absolute dogshit.
What? DCEU is dogshit now and compare the content Marvel was putting out before Disney purchased the company.
Posted on 9/16/22 at 2:48 pm to Mickey Goldmill
quote:
David Zaslav’s Strategy Shift: Licensing Out Warners’ IP Treasure
The mogul’s "open for business" mantra has led Warner Bros. Discovery to aggressively pursue rights deals — even for its core brands.
LINK
Posted on 9/16/22 at 3:56 pm to RLDSC FAN
God damn it. Disney is going to get them aren’t they?
Bet they can’t wait to reboot Harry Potter
Bet they can’t wait to reboot Harry Potter
Posted on 9/16/22 at 5:06 pm to RLDSC FAN
Sure didn't take Zaslav long to screw up a good thing.
Posted on 9/16/22 at 5:40 pm to RLDSC FAN
Undoubtedly fabricated tension created over the company actions to move programming away from the far left and more to the middle.
Posted on 9/16/22 at 6:50 pm to Mickey Goldmill
quote:
DCEU is dogshit now
The animated side is pretty good, plus a couple good series of live action on HBOMAX.
Posted on 9/16/22 at 7:32 pm to gizmothepug
quote:
The animated side is pretty good, plus a couple good series of live action on HBOMAX.
You may be right about that. I’ve only seen the movies.
Posted on 9/16/22 at 8:36 pm to RLDSC FAN
WB has spent 30+ years with its own catalog plus partial or whole catalogs from New Line, MGM, United Artists, Paramount (licensed), etc.
Now they are about to be chop shopped.
Maybe they should have clawed back streaming rights to a lot of their stuff instead of packaging it to Amazon, Hulu, Netflix, etc
Now they are about to be chop shopped.
Maybe they should have clawed back streaming rights to a lot of their stuff instead of packaging it to Amazon, Hulu, Netflix, etc
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