SlimySnake
Flashless at the Golden Globes
lol werent they laying off people left and right from their gaming division? how can they afford to make an all cash offer like this?
shit like this should be blocked on those grounds alone.
shit like this should be blocked on those grounds alone.
HRK69
Gold Member
Truly embarrassing
Different departments, they're all under the same corporation but Sony Music, Sony Pictures and Sony Interactive are their own thing, same with the hardware departments.
Jinzo Prime
Member
That deal is more than Paramount is worth. She should take it.
midnightAI
Member
Sony Pictures has a gaming division?
(Sorry, being pedantic, but come on, you know how this stuff works)
Wastelander92
Member
Imagine paying that much for the shitty Halo show.
They would own Star Trek.
Dr.Morris79
Member
Yeah, about that..
Huge acquisitions like this can be very perilous and can just about kill a company if it goes wrong.
Does Sony even have $26 billion cash on hand? I imagine they don't and it'll be debt-financed or they'll raise cash by selling stock, hence the danger. I'd advise against it, it's way too risky for a company of Sony's modest size.
Does Sony even have $26 billion cash on hand? I imagine they don't and it'll be debt-financed or they'll raise cash by selling stock, hence the danger. I'd advise against it, it's way too risky for a company of Sony's modest size.
They'd own Star Trek, Nickelodeon (TMNT), South Park, MTV, CBS...
Paramount owns A LOT.
Jinzo Prime
Member
Apollo is a private equity firm that is providing some of the capital for this deal. So Sony does not need 26 billion on hand to make this happen.
If I had an idea what they WANTED these IPs and catalogue for I'd be better able to decide if I should be excited or not. Of course I thought Disney bought Marvel and Lucasarts to gain more attention from boys and we've seen how that went.
Nice to keep Star Trek away from Disney (not that I think they are likely to buy paramount anytime soon). I'm surprised Apple isn't doing this, they certainly have the $$$ for it and IMHO they have the least cachet in this space, buying Paramount could fix that.
But ultimately I dislike movie creators being owned by corporate entities like this, it stifles creativity and I think it limits risk taking on smaller projects and we end up getting big swings using IPs that have been focus grouped to death. We really shouldn't have just a few sources of media creation, production, and distribution all under the same roof.
Nice to keep Star Trek away from Disney (not that I think they are likely to buy paramount anytime soon). I'm surprised Apple isn't doing this, they certainly have the $$$ for it and IMHO they have the least cachet in this space, buying Paramount could fix that.
But ultimately I dislike movie creators being owned by corporate entities like this, it stifles creativity and I think it limits risk taking on smaller projects and we end up getting big swings using IPs that have been focus grouped to death. We really shouldn't have just a few sources of media creation, production, and distribution all under the same roof.
Dr.Morris79
Member
Well hopefully they can turn Ster Trek around, most of the new stuff is pure bunkum.
They just need to fire Kurtzman and replace him with Terry Matalas.
Kurtzman was never a Star Trek fan (Orci was the fan of the duo when they wrote the JJ Abrams movies).
Matalas started his career as a PA on Voyager and Enterprise. He watched the stage doors close on the final day of Enterprise.
ultrazilla
Gold Member
Better than Disney getting their rotten, filthy, greasy, smegma smelling hands on them.
Ass of Can Whooping
Gold Member
They're worth $10 billion you fucking retarded japanese dimbo company
Dirk Benedict
Gold Member
I don't know about that. They all seem shitty at this point, and with that said, once this goes through, the pool of who owns entertainment IP will shrink yet again.
ChorizoPicozo
Member
dats an entire division. this division is even more retarded
TransTrender
Gold Member
Agree.
They have about $15B in junk debt, and their last valuation was around $21B, so why would they pay over sticker price for this dead weight?
bitbydeath
Gold Member
Probably as a sweetner as they didn't accept Skydances offer and Apollo already tried buying them for 11B which also fell through.
Bitmap Frogs
Mr. Community
Given that Sony Pictures is small fish, I assume they want to protect themselves from buyout and maybe tap into that paramount subscription service.
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Ozzy Onya A2Z
Member
Going after Halo again, LOL
bitbydeath
Gold Member
Sony is part of the Big 5.
Soon to be Big 4.
Disney, Universal and Warner Bros make up the rest.
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GHG
Gold Member
Enterprise value.
Bitmap Frogs
Mr. Community
I know but of the big 5, Sony and Paramount are the smallest, the rest are integrated in very large media groups.
This has gotta be some sort of financial scam where Sony buys all of Paramounts massive debt and then someone buys Sony and in all the confusion that debt gets erased (passed to taxpayers I'm sure), a buncha suits get rich(er), and folks working at these studios get fucked. Disney's 66B or whatever buyout of Fox was ludicrous enough, 26B for paramount is even worse. Especially as streaming becomes a massive loss for the folks that now gotta pay royalties, having all that shit up and available at all times is crushing them. We are quickly heading right back to limited availability and commercials, syndication deals, etc
blastprocessor
The Amiga Brotherhood
Very interesting buy because Sony could offer their catalogue on the existing Paramount platform and create an enhanced offering for existing Paramount subscribers.
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I don't think Paramount has the money to pay for it, honestly. Subscription based streaming services don't really MAKE money like that, any content is cannabalizing the fixed subscriber fee amount, especially since these services are not adding new subscribers anymore and many current subscribers have subsidized plans or even "free" plans that were offered as an incentive for some other service. So paying Sony a billion a year or whatever it would take to offer their library for streaming is very different than a pay-per-view model with revenue sharing.
UltimaKilo
Gold Member
Who are the bozos running SNY nowadays? Is this a plot to increase the market cap and sell Sony? I don't get it.
That's how they can afford it.
bitbydeath
Gold Member
It's combined with Apollo who previously offered 11B, Sony likely added 15B from their cash piles.
bitbydeath
Gold Member
What they're offering includes all of Paramounts debt, and then they can merge everything, slashing unneeded positions that already exist in Sony and sell buildings making it a highly profitable business.
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Unknown?
Member
They don't. 95% of currency is digital now days.