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Netflix boss Ted Sarandos says Paramount's acquisition of Warner Bros, including it's storied gaming division, will result in "cuts in excess of $16 billion" within "18 months or so" (www.gamesindustry.biz)

submitted 6 hours ago by Yuritopiaposadism@hexbear.net to c/games@hexbear.net

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"We were in the books of Warner Bros., and the biggest cost centers are people in productions," he said in an interview. "There’ll be cuts in excess of $16 billion. They are telling people who lend them the money that’s going to happen in 18 months or so."

This suggests that the company's games division will be under scrutiny for cost-saving along with the firm's film, TV and other assets. Warner Bros. is the home of Rocksteady, TT Games, Avalanche Software and mobile studios.

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[–] Flyberius@hexbear.net 9 points 6 hours ago (1 children)

How are there any media companies left in the US? Have they not already blobbed together?

[–] Des@hexbear.net 9 points 5 hours ago

the U.S. will build an official state media once they are all merged together and co-owned by the Oracle guy and at least 2 Trumpsons