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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 2 days 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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[–] Damarcusart@hexbear.net 6 points 2 days ago

I look forward to the entertainment media monopoly where nothing new is ever being made and the singular streaming services charges $200 a month(with ads) and has like 3 movies on it that constantly change, despite DisneyParamountComcastFox owning the IP rights to every film ever made, because the CEO decided it would be better to do a "trickle out" strategy so that people can't watch everything at once and then cancel their service.

I know like, one couple who still uses any of these streaming services, everyone else I know can no longer afford these bullshit streaming services and just pirates.