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The podcast discusses the future plans and predictions for major entertainment companies in 2024, including mergers and joint ventures. It explores Netflix's challenges in terms of password sharing and competition from local players. The rivalry between Netflix and Apple is explored, along with the disappointment and tension in CAA Equity. Predictions are made for the domestic box office, discussing its decline and the challenges of comparing profitability between theaters and streaming platforms.
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Quick takeaways
- Paramount's struggle lies in its dependence on outdated cable channels, causing challenges in finding a buyer and potentially leading to discounts on selling.
- Warner Brothers Discovery may explore or announce potential deals in 2024 to create a larger and more powerful media entity, as the Reverse Morris Trust rules expire in April.
Deep dives
Paramount's Struggles and Potential Sale
Paramount is struggling and facing the need for change. Sherry Redstone, the head of Paramount, may need to accept that she can't run the company like her father, and the world has changed. Paramount's dependence on cable channels that are no longer relevant is a major issue. Finding a buyer has been challenging due to the company's decline, leading to potential discounts on selling. The question is whether Sherry Redstone will take a lower offer just to get the deal done.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode