Submitted by flowerhoney10 t3_117qy67 in television
Dregenfox t1_j9dwx24 wrote
Reply to comment by DrRexMorman in Paramount’s $1.5 Billion Write-Down Is the Bill for Peak TV Coming Due | Analysis by flowerhoney10
Half of the $1.5 billion write down is folding Showtime into Paramount. So it looks like they've have a couple hundred million in programming, but the majority of the savings seems to be coming from integrating staff and budgets from Showtime.
Not sure about Disney but I'd guess some of that number might be from an anticipated combination of Hulu and Disney as well.
DrRexMorman t1_j9dy7et wrote
Disney can’t combine Hulu into Disney+ without resolving Comcast’s stake.
LZR0 t1_j9e3nsr wrote
Which could cost Disney around 9 billion dollars to buy Comcast’s third part of Hulu, even the CEO hinted they might look to sell it instead and just move their content over to Disney+ or perhaps Star+ as it’s already known for outside the US.
Jolly_Diamond7592 t1_j9eoxcn wrote
I think that's Disney's ace card. They will just tell Comcast (that pulled all their content from Hulu last fall) that they can have it- unless they offer it to Hulu at an excellent price. If neither blink, Disney'll sell it to the highest bidder, pull their content from Hulu, and wish the new owners well with the remnants.
The new leadership at Disney seems averse to paying out the nose for Hulu and Comcast being an a$$ and pulling its content last fall can't be helping. On the bright side, maybe getting Hulu sold off to a neutral third party would help it become a relevant content aggregator in the future.
LZR0 t1_j9fjx8d wrote
Yeah but I wonder who would buy Hulu, Comcast is the obvious choice but with the rumors of them buying WBD next year I don’t think they’re interested in Hulu, other than Comcast every other media company has already a streaming service and given their losses I seriously doubt they’ll dump almost 30 billion into a service that includes no content so it’s really impossible to predict right now, everything could happen.
TraptNSuit t1_j9fqypm wrote
Sony has nothing on that scale. But it would be kinda strange still.
LZR0 t1_j9frnd7 wrote
You’re right but I don’t think Sony would be able to dump 30 billion in Hulu, I think the biggest buyout they’ve ever done is Bungie for 3.5 billion, so almost ten times that for a platform with no content I don’t think it’s worth it.
TraptNSuit t1_j9fup77 wrote
Yeah, the ship has sailed on new entries to the streaming wars. Some could argue Sony won by staying out of it. Hard to say.
pathofdumbasses t1_j9hypea wrote
Sony is worth ~100 billion. Total.
There is a 0% chance that Sony thinks that the name and platform of hulu with 0 content is worth 1/3 of their company.
progress10 t1_j9h1a3i wrote
The FTC would block any Comcast WBD merger. No way would that be allowed.
LZR0 t1_j9h4mzv wrote
Well they already approved the Fox and Disney merger so it’s not out of question, however there would have to be some or several structural remedies such as getting rid of CNN as they already own NBC.
progress10 t1_j9h5c3s wrote
The Fox Disney deal was approved under a Republican FTC, this would be going before a Democratic FTC, Democrats would be pounding the table to block this. In an election year Biden might also be. No way does it get approved.
LZR0 t1_j9hirps wrote
You’re absolutely right, perhaps they’ll just wait and see what happens in the election before making a deal with WBD, only time will tell.
progress10 t1_j9hjka6 wrote
I just don't see it happening becouse it would never get approved. Even the Republicans might be turned against it, Comcast would probably be forced to sell almost all of WBD off only to end up with the cable channels minus CNN which they probably don't want. Better chance Comcast buys Netflix or something.
Radulno t1_j9hhx5c wrote
No one really. Especially if Disney leave, Hulu has nothing it would be a service with users but no content.
Radulno t1_j9hhrwv wrote
Yeah I don't see why they would buy Hulu. It's not worth much, they don't own stuff themselves (even Hulu Originals are owned by Disney or Universal). I guess the user base is nice but that can be converted on Disney+
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