“This Could KILL CNN” - Paramount-Warner Merger Creates 200M Subscriber Streaming GIANT
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What is the potential impact of the Paramount-Warner merger?
So Paramount merger could create streaming behemoth with 200 million subscribers. And if they combine HBO Max, Paramount to challenge Netflix, which would be the plan. Rob, is this the update of the news? Yes, sir.
Go for it. Paramount Skydance announcing plans to combine Paramount Plus and HBO Max. Just three days ago, HBO's parent company, Warner Bros.
Can the new streaming giant challenge Netflix?
Discovery, agreed to be acquired by Paramount. CEO David Ellison says the combination will boost their subscriber base to 200 million. Federal regulators still need to approve that merger.
That's a real number right there while this is taking place. And Paramount, debt to its $79 billion after Warner Bros. deal, no plan to sell cable assets. And Warner Brothers, Discovery CEO Zaslav calls Paramount pivot whiplashy as $110 billion deal takes shape. So which clip is this, Rob? This is about the $79 billion debt. That's okay.
What challenges does Paramount face with its existing debt?
So, Tom, as we're going through this next phase, do you think there's going to be anything that's going to prevent this from happening? Or it's pretty much Paramount's property, that's it? Well, if you listen to Netflix and Ted Sarandos, well, I didn't end up meeting at the White House, and I think the president had his thumb on the scale. Come on, Ted. You know, that's loser talk. You didn't get the deal. You didn't get it done. Ted said that? Yeah. He didn't say thumb on the scale. He said they had favor with the White House. They're meeting with the White House. I don't know what you want me to do. We were always had our our our number. This is what we had to do. But Ted is exactly you look at his quotes and tell me, does that sound like a guy who is a little bitter and maybe lost a deal?
Yes, it does. I haven't seen it to make a real judgment on it. Can you see he did a clip or an article? It was articles. Just look at Ted's quote. Look at Ted Sarandos' quotes in the last 96 hours. He didn't meet with the president.
How might the merger affect CNN and its future?
He actually went to the president and was told, I'm sorry, sir, your meeting has been canceled. Really? That's correct. So the president canceled the meeting last minute? Interesting. He's got a few other bigger things on shortly after arriving at the White House that his meeting was canceled. He's in the waiting room. I'm sorry, sir. Would you like a coffee? Yeah, you can go. Trump's in the war room. Sorry. And so things like this, he was saying, was I ever going to meet with Trump? No, he had a you know who they had set him up with? Susie Wiles and Pam Bondi. Well, why don't you talk about your concerns in the Federal Trade Commission with the attorney general and Susie Wiles? That's what they told them. And he wasn't going to get the meeting with the president.
And all the media was saying, he's going to the White House. What does this say, though? What does this say to you, Tom? It says that Trump had no desire to really listen, give ear to Netflix. You can talk about desires and intentions later. But the president was busy with Iran and planning. And no, I'm not giving you my ear. Mark, where are you at with this?
Yeah, I mean, I would agree with that. I mean, Trump made it pretty apparent that he didn't want to be involved in this deal. You know, it's easy. I love what you said. That's loser talk. You know, you want to make excuses for why you didn't get the deal, right? You're always trying to find the blame. And so I think that's really what it comes down to, you know, from a... An interesting lens, Jeff Park put out this paper, and he called it The Death of the Value Investor and the Rise of the Ideological Investor. And he talked about how the Benjamin Graham world, the Warren Buffett world is gone. Nobody invests on value anymore. They invest on their ideology. So Bud Light puts Dylan McGee, stock price goes down, and Cracker Barrel, right?
Yeah, pro crap. Jeff Park's amazing. And so he talked about, like, Sidney talks about great genes, and then American Eagle goes up. Well, he has stocks. And so when I look at this, I like some of the shows on Paramount. I don't like what Netflix has done. So from an ideological side, to me, you know, it's like, wow, I'm kind of glad that deal happened.
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Chapters
8 chapters
1
What is the potential impact of the Paramount-Warner merger?
0:00–0:25
2
Can the new streaming giant challenge Netflix?
0:25–0:59
3
What challenges does Paramount face with its existing debt?
0:59–1:51
4
How might the merger affect CNN and its future?
1:51–4:13
5
What insights do insiders provide about the mood at CNN?
4:13–5:11
6
What restructuring might occur within CNN post-merger?
5:11–8:30
7
How does the merger reflect changes in the media landscape?
8:30–11:08
8
What does the future hold for news networks in a digital age?
11:08–15:40
Speakers
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