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Puck’s Dylan Byers believes California AG Rob Bonta has a weak case for blocking the $111 billion Paramount-Warner Bros. Discovery merger. Byers says the suit relies on an “archaic” definition of the media market focused on theatrical and cable distribution, rather than the digital platforms actually dominating attention: “David...

17,314 просмотров • 16 дней назад •via X (Twitter)

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The Ellisons are now the most powerful family in the world. Paramount just acquired Warner Bros Discovery for $111 billion. Everyone's covering the Hollywood drama. The bidding war. The streaming wars... But what actually happened goes MUCH deeper: One family now controls CBS, CNN, HBO, Paramount, TikTok, and the cloud infrastructure that runs the US government. In less than 12 months. The Ellison family isn't a media company. They're a data company that just bought media as a front end. Larry Ellison co-founded Oracle. Worth $245 billion. Third richest person alive. Oracle runs the digital backbone of the US government. Department of Defense. Department of Energy. Air Force classified networks. They signed a $300 BILLION deal with OpenAI to build AI data centers. Their contracted future revenue jumped 438% to $523 billion. Oracle is quietly becoming the infrastructure layer for American AI. So why would the guy running all of that suddenly want to own CNN, HBO, and TikTok? Because AI needs data. Not server data. BEHAVIORAL data. What people watch. When they pause. What makes them click, scroll, and binge. Streaming platforms generate the most intimate behavioral data on Earth. TikTok is even worse. It knows what grabs your attention before you do (and guess who owns TikTok in the US?) Oracle's AI push creates a thirst for insight into how people consume content and what they buy. Streaming and social media deliver that at a scale nothing else can. This deal was never just about content. The financial engineering is insane: $47 billion in equity from the Ellison family. $57.5 billion in debt from Bank of America, Citigroup, and Apollo. A mix of investment-grade AND junk bonds, which is basically unheard of. Both Paramount and Warner Bros are losing hundreds of millions per quarter. Linear TV is dying. And they're duct-taping two sinking ships together with $57.5 billion in borrowed money. The political angle makes this even more interesting: David Ellison attended Trump's State of the Union two days before the deal closed. Larry Ellison sat next to Rupert Murdoch in the Oval Office with Trump. Trump endorsed them on camera: "Larry Ellison is great and his son David is great. They're friends of mine." The DOJ opened antitrust scrutiny on Netflix's bid. Not Paramount's. Paramount's press release said they have "confidence in the speed and certainty of regulatory approval." A company that's never done a deal this size is publicly guaranteeing regulatory clearance. And Netflix saw all of this. Sarandos flew to DC, met with AG Pam Bondi, and within hours walked away. Called it "no longer financially attractive." Corporate speak for "we can't compete with political access." In 12 months, one family now controls: - Oracle's government cloud - TikTok US - Paramount - CBS News - And now Warner Bros, HBO, CNN, and every cable channel from MTV to Cartoon Network The funny part is that Netflix stock jumped 10% when they quit. Wall Street is telling you Netflix dodged a bullet. Because here's what the market already figured out: The combined company will be CRUSHED under debt. Both studios are bleeding. And David Ellison, who has never run a profitable media company, is now in charge of the whole thing. The smart bet is this collapses within 3-5 years. And when it does, Netflix will be waiting with $2.8 billion in breakup fees already collected, ready to scoop up the pieces at a discount. But collapse or not, the Ellisons will already have what they came for... Years of behavioral data from hundreds of millions of users across streaming, social media, and news. Fed directly into Oracle's AI infrastructure. While everyone debates whether Batman and Harry Potter will be on the same app, the real play already happened. The guy who runs the government's cloud just bought the screen people stare at for 6 hours a day. The Ellisons are on a generational run.

Ricardo

55,968 просмотров • 5 месяцев назад

Netflix just KILLED Hollywood... By pulling off the most INSANE power move of 2025. $82.7 billion for Warner Bros, HBO, and HBO Max. The streaming wars are officially over. But nobody understands what actually just happened... For YEARS, Ted Sarandos said: "We're builders, not buyers. We don't need a library." Then three weeks ago he pulled a complete 180. And the bidding war was brutal. Paramount thought they had it locked. David Ellison's dad is Larry Ellison, Oracle founder, one of the richest men alive. Paramount made THREE bids in September. All rejected. Too low. But Ellison kept pushing. He wanted the ENTIRE company including CNN, Discovery Channel, all the cable networks nobody else wanted. His pitch was simple: "We have White House relationships. Regulatory approval will be easy." For weeks, everyone thought Paramount would win. Then Netflix entered the chat... $27.75 per share. Mix of cash and stock. $82.7 billion total. Paramount countered with $30 per share, all cash, backed by three Middle Eastern sovereign wealth funds. Higher bid. More cash. Should've won. But Netflix included something nobody saw coming: A $5.8 BILLION breakup fee. If Netflix walks away from this deal, they pay Warner Bros $5.8B. Nobody puts up breakup fees that big. Ever. It's Netflix saying "we're so confident we can fight regulators and win, we'll bet $5.8B on it." Paramount lost their minds. Thursday morning, Paramount's lawyers sent a 4,000-word letter to Warner Bros CEO David Zaslav. The letter accused Warner Bros of rigging the process. Said Zaslav had "personal interests in post-transaction roles." Translation: Zaslav wants a job at Netflix after the deal closes, so he's giving them preferential treatment. They're literally calling it corruption. But Netflix just sat on that $5.8B breakup fee and waited. In the end, Warner Bros picked Netflix. And here's the thing... This isn't about streaming. It's about OWNING the IP before AI makes production costs zero. Warner Bros owns: - Batman, Superman, Wonder Woman (entire DC Universe) - Harry Potter (full franchise rights) - Game of Thrones, The Sopranos, The Wire - Friends, The Big Bang Theory When AI video generation hits in 2-3 years, Netflix bets on "whoever owns the IP wins." They hope to generate infinite Batman movies and Harry Potter spinoffs using AI at near-zero marginal cost. The genius move though: Paramount wanted ALL of Warner Bros Discovery. Including dying cable networks (CNN, TNT, TBS). Netflix said: "We only want the studio and streaming." They're letting Warner Bros spin off the garbage cable channels. Then buying ONLY the profitable parts. Buy the assets. Leave the liabilities. This deal "kills three birds with one stone" according to Bank of America: Bird #1: Warner Bros Discovery ceases to exist as a competitor Bird #2: HBO Max (#3 streaming platform) merges with Netflix (#1) Bird #3: Every other studio is now officially screwed Netflix now has: - World's largest subscriber base (260M+) - Second-largest content library - The IP for infinite AI content - HBO's prestige brand - Warner Bros' theatrical distribution Game over. Anonymous Hollywood producers literally sent letters to Congress BEGGING them to block the deal. They didn't even sign their names. Too scared of Netflix retaliation. Senator Warren called it an "anti-monopoly nightmare." But none of it will matter. Deal's getting approved. What happens next? 2026: Discovery Global spins off (cable networks) 2026: Netflix acquisition closes 2027: HBO integration begins 2028: AI video generation launches 2029: AI-generated Batman and Harry Potter content By 2030, Netflix IS Hollywood. My take? Thid is smart SHORT TERM. Destroys competition. Locks in IP. But LONG TERM? When AI video hits, content libraries won't matter. Speed of generation will. Netflix just spent $82.7B on the past instead of the future. The next 3 years will tell us which one it is.

Ricardo

1,790,861 просмотров • 7 месяцев назад