Joe Flint
๐ค SpeakerAppearances Over Time
Podcast Appearances
Paramount has promised 30 movies a year, 15 from Warner, 15 from Paramount, theatrical movies.
Those are expensive.
And Paramount's going to have, you know, $79 billion of debt here.
And they've said that, you know, none of this will affect production.
But a lot of folks in Hollywood are wondering how, how can that be?
How, you know, you're taking on so much debt.
How is that?
How are you going to be able to sustain making 30 movies a year, marketing them?
All of that.
And also, you know, running all these cable networks.
And it just seems like they've bit off an awful lot.
It's going to be a real challenge to bring all that to fruition at the same time having to whack away at this heavy debt load.
For writers and producers and actors, these deals are always a little nerve-wracking.
You know, you've got two major companies that own two major studios, major cable and streaming service networks.
So if you're writers and producers, the leverage keeps shifting to the big media companies.
So that's nothing that anyone in town likes who's on the creative side of the business or below the line because...
You just are losing more and more leverage to negotiate.
Well, the Allison family will be very powerful after this deal closes.
I mean, obviously they already were, but the idea that one family is controlling or has stakes in assets as wide-ranging as CBS and CNN and HBO and Warner movies and Paramount movies and TikTok,
That's an awful lot.