6 votes

Warner Bros Discovery weighs sale of music library to pare debt

3 comments

  1. [3]
    vord
    Link
    This seems....ill concieved. Selling off an asset that is in high demand (because you get virtually permanant exclusivity) seems a very shortsighted move rather than trying to better capitalize...

    This seems....ill concieved.

    Selling off an asset that is in high demand (because you get virtually permanant exclusivity) seems a very shortsighted move rather than trying to better capitalize that library.

    4 votes
    1. [2]
      rish
      Link Parent
      It is exactly for short-term cash generation. I think at present Warner management's priority is to clear the 50 billion debt carried forward from previous leadership. They are doing everything to...

      It is exactly for short-term cash generation. I think at present Warner management's priority is to clear the 50 billion debt carried forward from previous leadership. They are doing everything to look good to shareholders. Cost cutting anywhere they can. As per their plans HBO will be killed merged with Discovery. Nothing is safe from axe imo.

      At least they are trusting the DC brand to recover from the shit-show in last 10 years.

      3 votes
      1. vord
        Link Parent
        Yes, but unloading $1B+ worth of music seems especially shortsighted. It's like selling the clothes off your back to pay rent. Sure it'll get you through this month, but you'll probably lose your...

        Yes, but unloading $1B+ worth of music seems especially shortsighted.

        It's like selling the clothes off your back to pay rent. Sure it'll get you through this month, but you'll probably lose your job when you show up naked and have double the trouble paying rent next month.

        4 votes