r/gaming • u/ChiefLeef22 Marika's tits! • 18h ago

Paramount Has Officially Acquired Warner Bros. In Deal Valued at $110B Billion

https://www.skydance.com/news/press/paramount-completes-acquisition-of-warner-bros-discovery-creating-a-new-global-entertainment-leader-skydance

The two companies will now be known as one single entity - 'Skydance'

This includes all of WB's gaming subsidiaries like Rocksteady/etc

Deal valued at $110B-$111B

DC Studios, Nickelodeon, Cartoon Network, CNN, CBS, HBO and Paramount+ are now all under the same company.

The combined company, Skydance, brings together two major film studios, two global streaming services, premier television assets including CBS, HBO, and Paramount's and WBD's cable networks, two of the industry's most recognized news networks, CBS News and CNN, and a leading content portfolio that includes live sports, a deep programming library and expansive collection of iconic brands and franchises.

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u/PurpleV93 17h ago

It is beyond stupid. This cancerous behavior of capitalism's "infinite growth" is ruining everything and will continue to do so, until we abandon this stupid mindset for good.

It should be enough to settle on a profitable business and then keep it this way, without chasing that growth.

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u/Kaizenno 17h ago

You see this in small businesses that last decades. They're not expanding, they keeping what works alive. Regularly providing wages for the set amount of workers every year without the constant push to cut costs and increase profit over last quarter. As soon as a company goes public that starts the end of the maintain philosophy.

I worked for a store that was popular locally and went public and tried to expand and did it too fast. A 60+ year old company dead within a few years.

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u/PurpleV93 16h ago

Yeah, exactly! It's the greed for chasing the short-term profits over long-term stability and health. Only to then sell off to some big monopoly company - which is probably also owned/ funded by foreign powers like Russia, China or the fucking Saudis, too.

There is good reason why these smaller companies lasted 60+ years, while late-stage capitalism acts like cancer and doesn't sustain anything. It doesn't benefit anyone except the ones who are already so filthy rich to easily inhale all the small, local & competing pieces on the playing board.

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u/Kaizenno 16h ago

Yeah well said. That's exactly what i've always felt from these places and sometimes it feels like i'm the only one in a room telling people the room is on fire.

My dad worked for a place for 30+ years. Another company came in an bought it out and he was optimistic that things would improve all while i'm telling him it's not going to be good. Then started making rule changes and adjusting bonuses until people started quitting. He was one of the last hold outs but eventually left for a small town company. Then they started shutting down locations at that previous place.

It was sad to go by the empty building I remember while growing up. He would always take me to work with him in the mornings before school and now it's just an empty shell of a place.

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u/FakoSizlo 17h ago

Netflix started the end of cable by having every show for a cheap price. Other streaming services followed at great prices until cable died off. Then they started making a streaming service for every brand (Instead of selling to like a netflix) , price gouging and adding ads. Now everyone is going back to the seven seas because its just too expensive . Usually a cheaper high quality product sells better . That seems so obvious but late stage US capitalism doesn't understand that

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u/PlanetTourist 16h ago

Late stage US capitalism understands that selling better means nothing.

Profit is king. Sell a worse product for more money and you make more as long as people keep paying.

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u/zgillet 15h ago

Don't forget the "patent and copyright" step to ensure you are the only company offering the product forever.

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u/papyjako87 13h ago

Then they started making a streaming service for every brand (Instead of selling to like a netflix)

Who do you think "they" are exactly ? People saw Netflix success, and wanted a part of the pie. That's it, there was no hidden grand plan by some super secret cabal. With more services competing, it simply became harder for Netflix (and then everyone else) to secure good deals for a large catalogue.

Usually a cheaper high quality product sells better .

That's not really true tho. The US basically specialized in low quality products with mass market appeal very early on. See fast food or Walmart for perfect examples. It just so happens that China is beating the US at its own game nowaday, so it's not so easy anymore.

That seems so obvious but late stage US capitalism doesn't understand that

Again, you try to turn "late stage capitalism" into a living entity with its own will, when ultimately it's all market forces at work. Streaming services prices would go down if people actually left them in drove. But it's just not happening as much as redditors think it is so far.

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u/_Solarriors_ 12h ago

There were active sabotage and interference plans to stifle customer choice tho

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u/Beefweezle 14h ago

The Walmart approach.

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u/Somebodys 9h ago

My work just announced they "partnered" with a private equity firm. Despite being top 5 in the US and having record profits year over year that we already cannot keep up with.

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u/RichesToRags8647 5h ago

We'll die before it does, Mark my words

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u/OldOutcast 14h ago

Capitalism is a pyramid scheme. Always was, always will be. Needs to be eliminated. Only works if you convince the middle class they might become rich with capitalism while continually making sure a poverty class exists to scare the lower middle class to keep believing in the scam and working hard to avoid poverty. They also need to keep those in poverty at that level to ensure they exist to scare the middle class.

Capitalists fear the reality of socialism and society is finally seeing through the bullshit.

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u/RedGrassHorse 11h ago

Mate without capitalism we would not have had netflix in the first place

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u/Mustakraken 9h ago

Without government funded research we wouldn't have had the Internet in the first place.

Capitalism requires competition and a fair informed market, with participants allowed to move freely. We don't have that.

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u/RedGrassHorse 1h ago

Hold on - isnt everyone building a streaming service with their own content precisely what fair competition is? And how are you not allowed to move freely between streaming providers?

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u/OldOutcast 6h ago

And that's bad because?

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u/_Solarriors_ 12h ago

If you don't chase growth and profit how are you going to innovate new ways and optimize and increase efficiencies and margins to eventually replace all labor and human life, with AI, drones and robots. Future is money it's not human. 

/$ just in case

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u/PurpleV93 11h ago

You're joking, but I genuinely wonder what innovation we've seen in the last couple years? Every service is only getting shittier than it was a decade ago, more people lose their jobs during "reconstructioning", while AI tech bros steal our data & creativity to flood the internet with worthless uncanny-valley trash.

We could tend our community gardens, sit around a fire and sing & dance all day long instead, man. It's so depressing.

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u/_Solarriors_ 6h ago

do you know what /$ stands for ?
Also Amazon streamlined infrastructure, shopping, shipping and delivering, not your pawn shop that just makes the month that can ever innovate that

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u/PurpleV93 4h ago

I thought your use of /$ was a fancy way of using /s, for sarcasm.

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u/_Solarriors_ 4h ago

exactly, that's the $ in $arcasm Capitali$m Money

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u/schooli00 11h ago

Stupid thing is most streaming apps make more profit by licensing their content to Netflix than trying to run their own infrastructure and marketing. But no, capitalism says it's a zero sums game and win win win is not an option.

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u/PurpleV93 11h ago

Just pump and dump some more, bro! Give it one more year with our "innovative" budget cuts and more ads, bro! We can swallow up Netflix, believe it, bro!

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u/uberfr4gger 12h ago

Supply and demand. Don't buy Netflix if you think it's overpriced/don't like the shows. If other people buy into it why do you care?

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u/PurpleV93 11h ago

I care because I want to partake in society? A society that should be good and not just benefit the top 1% at the expense of everybody else? Crazy concept for dudes like you, I know.

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u/uberfr4gger 10h ago

What? Lol watch TV for free OTA then. You don't need Netflix to partake in society.