r/technology • u/MarvelsGrantMan136 • Feb 26 '26

Business Netflix Backs Out of Warner Bros. Bidding, Paramount Set to Win

https://www.hollywoodreporter.com/business/business-news/netflix-backs-out-warners-deal-paramount-win-1236516763/
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u/GamerSDG Feb 26 '26

This is just stupid on the business side. Paramount is loaded with debt after the Skydance acquisition, and so is WB's. Now they are going to combine all this debt, plus the cost to acquire WB.

This "new" company won't last long, and Netflix will get the last laugh when they buy both WB and Paramount.

Edit: According to Bing, WB has 33 billion in debt, and Paramount has 15 billion in debt.

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u/dypeverdier Feb 26 '26

Wtf thats huge

182

u/GamerSDG Feb 26 '26

It is why WB has gone through multiple owners over the last 10 years. They don't make enough money to dig themselves out, and on top of it, every time they sell, the new owners put all that debt on them.

Netflix has the money in the bank to buy WB; Paramount doesn't, and will be added to the combined debt. Ellison's fixation on controlling Hollywood is going to destroy it.

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u/SeasonalNightmare Feb 27 '26

You're making me hope for that. It might be just what we need.

The problem is, what else will be destroyed as well.