The sale of Warner Bros is proving more distressing than I initially thought. According to Bloomberg, everyone wants HBO and the studio, but no one wants the Cable Networks. The only person willing to buy WB without splitting it is Paramount. Paramount, however, is currently cutting jobs as they seek to cut $2 billion in costs after their merger with Skydance.
Surely, if Paramount has the money to buy WB, they can spare another $2 billion in the short term to allow for a slower adjustment rather than the mass firing that seems to be their strategy at the moment.
Netflix and Comcast are interested in separate WB assets, though, so they would prefer the company to be split up, which I understand. A split serves the WB owners better too, since they believe the streaming networks and the studios will fetch more money if they are sold as a separate entity from the undesirable cable networks.
I'm sure David Ellison would have loved to buy the whole thing because that way, he and his dad, by extension, like Elon Musk, will now control what is probably the loudest cable network in the world while making money on the rest of the entities. I also dread the idea of Netflix taking over DC and my other favorite WB franchises because Netflix will treat them like Disney has done with Star Wars
