Paramount and Warner Bros. Merge, Burdened with $82 Billion in Debt
Paramount, Warner Bros Formally Merge, Form Giant Mountain of Disastrous Debt
Larry Ellison has merged Paramount and Warner Bros. into a $110 billion company now called Skydance, carrying $82 billion in debt. The deal is expected to bring mass layoffs, higher prices, lower-quality content, and a CNN more friendly to corporate and right-wing interests. History shows such mega-mergers—AOL Time Warner, AT&T's Warner Bros., Discovery's Warner Bros.—always end badly, yet weak opposition from Democrats and state AGs let it proceed.
Every single major deal involving this company, from 2000’s superunion with AOL to AT&T’s 2016 acquisition of Warner Bros to Discovery’s 2022 acquisition of Warner Bros, resulted in mass layoffs and shittier overall product.