Paramount is cooked! They wrote off $6 billion ahead of the Skydance merger, and like Warner Bros., it’s due to their WORTHLESS television series. Now they’re selling everything that’s not nailed down, including ComicBook.com. Uh oh…
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Paramount is facing financial challenges, including a $6 billion write-down and selling off assets, as linear TV declines and streaming takes over.
00:00 Paramount faces $6 billion write down, sells off comicbook.com and popculture.com, as linear TV declines and streaming takes over.
03:03 Paramount writes down $6 billion, Comic Book dotcom sold off, Paramount and Warner Brothers facing financial challenges.
04:24 Paramount writes down $6 billion and lays off 15% of staff, while preparing to merge with Sky Dan and take charge of animation for Netflix.
06:03 Paramount, Disney, and Warner Brothers facing financial challenges, looking to merge with other companies to survive; Paramount and CNN laying off staff and taking write downs.
07:22 Big entertainment companies like Paramount and Warner Brothers are selling off assets and merging to avoid debt, while individuals are expected to be responsible with money.
10:08 Paramount writes down $6 billion, comicbook.com sold off, Chinese investors bankrolling, Sears and Kmart team up to prevent layoffs and leadership changes.
12:54 Paramount wrote down $6 billion, sold off Comic Book and Pop Culture, with CBR now focusing on movie, game, and general nerd news.
14:39 Paramount writes down $6 billion and Comic Book dotcom is sold off.
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