WBD Warner Bros Discovery Inc

$WBD One clause worth knowing on $WBD: the Ellison guarantee is a guarantee of payment, not of collection. If Paramount doesn't pay, WBD can go straight to Larry Ellison and his trust instead of chasing Paramount first, and it also covers the $7B regulatory termination fee.

$WBD flooding a library with cheap ai content does not create a subscriber with a spare ten dollars. seems like people pay for hits they talk about, not volume they scroll past and forget

$WBD At the Oct 6 closing, the Paramount side funded the deal with $41.4B of senior secured notes ($30.0B first lien, $11.4B second lien) plus $8.5B and EUR 850M of seven-year term B loans. The $49.00B bridge commitment was cut to $0 and terminated.

$WBD a library is worth less when anyone can generate a passable copy in an afternoon. seems like flooding the catalog does not save the streamer, it just reprices every show in it

$WBD When holders voted on the Paramount merger in April it passed easily, about 1.74B votes for and 16M against. Same meeting, they voted down the advisory vote on the executives' deal-related pay.

Semafor reported that Elon Musk invested $1 billion in David Ellison’s Skydance, potentially making the billionaire an investor in the newly merged entertainment group. Semafor was the only outlet to report the investment, and no additional coverage confirming the deal was cited. The reported investment comes just over two weeks after Skydance completed its acquisition of Warner Bros. Discovery on October 6, creating a major entertainment company spanning film studios, streaming, broadcast television and news networks. Skydance plans to achieve more than $6 billion in annualized cost savings within three years through technology integration, staffing, marketing and real estate consolidation. It also targets reducing net leverage to 3.0x by year-end 2029. Musk has longstanding ties to the Ellison family. Oracle co-founder Larry Ellison, David Ellison’s father, invested in Musk’s 2022 Twitter acquisition and previously served on Tesla’s board. $WBD $SKYD