Comment by nebula8804
6 hours ago
If WB was any good, would they have been snatched up by Netflix?
All these studios fought the good fight against big tech over many years but the writing was on the wall.
Hopefully a future Progressive presidency reviews all these mergers and breaks up big tech big time.
> If WB was any good, would they have been snatched up by Netflix?
Yes because the situation of WB has nothing to do with their performance.
In 1990s they merged with TIME publishing right before the internet killed all magazines. In 2000s with AOL right before th dot com bubble. In 2010s with AT&T who realised they needed a shit ton of money to roll out 5G so they took a massive loan and charged it to Warner debt.
So WARNER keeps performing and the business side keeps adding debt from horrible decisions
Lol so this means Netflix/streaming is the next trend going down?
Honestly Warner would have been fine if they hadn't been saddled with the debt that AT&T used to buy them. It wasn't an issue of Warner's business performance.
AT&T was able offload a bunch of debt on to them, and cash out at about what they paid in 2016. Not shabby.
At this point why would you consider WB as an entity at all. Thry were just another IP bundle