Trump Admin Warned Netflix Its Warner Bid Was Going Nowhere, John Malone Says
The merger between Paramount Skydance and Warner Bros. Discovery was approved recently. One media mogul has new allegations about the politics of the deal.
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Skydance Corp (NYSE:SKYD) shares are trending Thursday following a report that Elon Musk invested about $1 billion in the company.
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The merger between Paramount Skydance and Warner Bros. Discovery was approved recently. One media mogul has new allegations about the politics of the deal.
After acquiring Warner Bros. Discovery, Skydance trades at roughly one-eighth Netflix's valuation. However, the discount appears justified given Skydance's $78.9 billion net debt (more than double its market cap), single-digit operating margins, and shrinking cable networks, compared to Netflix's clean balance sheet, powerful cash generation, and 33.4% operating margins.