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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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[–] LeeeroooyJeeenkiiins@hexbear.net 5 points 3 hours ago (1 children)

that's nuts lol, our intrepid capitalist efficiency at work everyone
I think they have to pretend to be okay with it even if they're not because if their facade of being okay with it cracks their stock will lose more value

[–] jackmaoist@hexbear.net 4 points 3 hours ago (1 children)

Likely scenario is that the whale stakeholders will just let the stocks rise via portfolio managers investing money of plebs into it and then get a profitable exit while the poors are left holding the bag.

[–] LeeeroooyJeeenkiiins@hexbear.net 2 points 3 hours ago

yea I guess it really IS efficient! at stealing value