#warnerdiscovery — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #warnerdiscovery, aggregated by home.social.
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Just imagine being a creatively bankrupt CEO who destroys US$9.1 billion by trying to turn one of the world's largest media conglomerates into Netflix...
(Source on that US$9.1 billion figure: https://variety.com/2024/tv/news/warner-bros-discovery-9-billion-charge-tv-network-value-max-subscribers-q2-earnings-1236097338/)
...And getting paid a US$50 million salary to do it.
Because CEOs get paid based on merit. Apparently.
#Warner #Zaslav #CEO #WarnerBros #WarnerDiscovery #film #movies #tv #entertainment #business #news #capitalism
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So WarnerDiscovery now wants to merge with Paramount Global.
Because apparently what the world needs now is even more media consolidation.
This is more than just a merger between two big Hollywood studios. It's a merger between two conglomerates that themselves were created through the merger of big media conglomerates.
Paramount Global came about through the merger of CBS and Viacom.
Along with Paramount Pictures, it also owns CBS in the US, Channel Ten in Australia, and Channel Five in the UK.
Oh, and also MTV, BET, Nickelodeon, VH1, Showtime, Comedy Central, Miramax Films, United International Pictures, Pop TV, and CMT, among many other assets.
WarnerDiscovery was formed from the merger of Discovery Inc with WarnerMedia, which itself was formed by merging Time Inc with Warner Communications, and then Turner Broadcasting.
Along with Warner Brothers, it owns CNN, DC Comics, The Oprah Winfrey Network, HBO, Cartoon Network, TBS, TNT, Discovery Channel, Animal Planet, New Line Cinema, Castle Rock Entertainment, and a lot more.
And all that will be owned by one mega-corp if this deal goes through.
Now whose interest would such a deal serve?
Consumers? Creatives? Employees?
Or just Wall Street...
#media #business #finance #WarnerMedia #WarnerDiscovery #capitalism #politics
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CW: Long thread/3
*Fables* is a #DCComics title; DC is division of the massive entertainment conglomerate #Warners, which is, in turn, part of the #WarnerDiscovery empire, a rapacious corporate behemoth whose screenwriters have been on strike for 137 days (and counting). DC is part of a comics duopoly; its rival, #Marvel, is a division of the #DisneyFox juggernaut, whose writers are *also* on strike.
3/
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The Secret Babylon 5: A New Movie for 2023!
Last week, Babylon 5 creator J. Michael Straczynski told us to "watch the skies" for ‘something wonderful,’ and here it is.
https://scifi.radio/2023/05/04/the-secret-babylon-5-a-new-movie-for-2023/
#Movies/Video/Theater #ScienceFiction/Fantasy #babylon5 #BruceBoxleitner #ClaudiaChristian #J.MichaelStraczynski #JerryDoyle #MiraFurlan #WarnerBros. #WarnerDiscovery #WritersGuildofAmerica
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Fuuuck this merger. BUT, I dont think #CartoonNetworkStudios is --dead--. But we might, MIGHT, be looking at a shadow of its former self. In a few years.
But even then, we still have a chance for it to be doing ~some~ of what it does now. We have to believe in the people inside (that are left) to keep the spirit of the studio alive.
#CartoonNetwork #cartoons #WarnerDiscovery