BONUS EP: Paramount’s Looming Debt Bomb — With Analyst Robert Fishman

BONUS EP: Paramount’s Looming Debt Bomb — With Analyst Robert Fishman

David Ellison may be calling Paramount’s agreement to delay its $111 billion Warner Bros. Discovery acquisition a “significant win.” Wall Street appears less convinced. Paramount Skydance shares sank to a new low after the company agreed Friday not to close the deal until the antitrust lawsuits brought by 12 state attorneys general and the Writers Guild of America are resolved — or until next June, whichever comes first. The delay starts an expensive clock. Beginning in October, Paramount must pay WBD shareholders roughly $7 million a day, or about $650 million per quarter, while the acquisition remains unfinished. Even a resolution early next year could cost close to $1 billion. A fight stretching to June would push the bill toward $2 billion — on top of the nearly $80 billion in debt the combined company is already expected to carry. “The state AGs are clearly making a lot more noise than they probably were expecting,” MoffettNathanson senior analyst Robert Fishman tells Sean McNulty on a special bonus episode of Ankler Agenda. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(290)

Mike Schur: Paramount-WBD Is a ‘Nightmare Scenario’

Mike Schur: Paramount-WBD Is a ‘Nightmare Scenario’

Mike Schur calls Paramount’s acquisition of Warner Bros. a “nightmare scenario” for Hollywood — and now that David Ellison has cleared the biggest obstacle to getting the deal done, he’s even more ala...

24 Sep 38min

Emergency Pod! Paramount-WBD Chaos: The Settlement, the Layoffs, the Superstreamer

Emergency Pod! Paramount-WBD Chaos: The Settlement, the Layoffs, the Superstreamer

So after months of big talk about only settling for structural remedies, i.e., selling off assets, what did California Attorney General Rob Bonta and the 11 other state AGs suing Paramount Skydance wi...

22 Sep 40min

1,000 Sony Hacks at Once? Hollywood’s AI Doomsday

1,000 Sony Hacks at Once? Hollywood’s AI Doomsday

A dire warning from Anthropic and OpenAI that increasingly autonomous AI agents could launch cyberattacks – or worse – has an especially chilling implication for Hollywood, where studios and streamers...

17 Sep 37min

Who’ll Save the Film Industry? France Is Trying

Who’ll Save the Film Industry? France Is Trying

Inside President Macron’s summit, where Ted Sarandos, Dana Walden and Hollywood power players attended — very quietly French President Emmanuel Macron summoned some of the biggest names in global ent...

10 Sep 37min

Studios Ghost the Film Festivals; Trump's Hollywood Rescue Plan

Studios Ghost the Film Festivals; Trump's Hollywood Rescue Plan

It wasn’t long ago when studios took the biggest jewels of their fall slates — the Gravitys and Jokers and First Mans — to the Venice Film Festival to kick off awards season and put A-list talent on a...

3 Sep 34min

YouTube’s Netflix Death Match Levels Up

YouTube’s Netflix Death Match Levels Up

Hollywood’s newest talent war isn’t over movie stars. For years, YouTube was treated as a “farm league,” in Ted Sarandos‘ words — a place where talent dreamt of graduating to Hollywood. Now smaller pl...

27 Aug 31min

BONUS EP: ‘Sleep in the Bed They Made’: Bonta Fires Back as Paramount Talks Collapse

BONUS EP: ‘Sleep in the Bed They Made’: Bonta Fires Back as Paramount Talks Collapse

So much for détente. California Attorney General Rob Bonta canceled Monday’s planned meeting with Paramount after accusing the company of leaking — and misrepresenting — confidential settlement discus...

24 Aug 13min

Hayden Panettiere’s Child-Star Tragedy; Bonta on Paramount ‘Playing Cute’

Hayden Panettiere’s Child-Star Tragedy; Bonta on Paramount ‘Playing Cute’

Hayden Panettiere worked in Hollywood since she was 11 months old, and by the time Heroes made her a household name at 16, she was already navigating the darker side of child stardom. The Wall Street ...

20 Aug 33min

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