Saturday, October 19
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Warner Bros. Discovery Lays Off Almost 1,000 Employees And It’s Looking Worse


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Warner Bros Discovery isn’t the only company struggling with debt. Paramount Global is also having financial issues of its own, with the company recently signing a preliminary agreement with Skydance Media, according to which the latter would acquire Paramount’s parent company, National Amusement. As per the agreement, Skydance will merge with Paramount to create a “New Paramount,” but the transaction isn’t expected to close until September 2025.

As a result of its financial struggles, it’s not outside the realm of possibility for Warner Bros Discovery to split in half. The break-up approach seems to be the strongest option, and WBD could opt to sell some of its poor performers. Of course, this is only a speculation on our part.

Source: Deadline



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