don't worry, there's only like 50 years of hard data, much of which involves this very company, showing that these megadeals are pointlessly disastrous for labor, consumers, markets, and product quality
They are underestimating their problems because both CEOs only mention legacy studios. It's Big Tech that is the biggest threat to both studios, not the rest of Burbank.
in their heads they think they're also going to become a top tech company
but when traditional media and telecom giants make this pivot they always fall on their face (see: AT&T)
I also think that what should frighten them is that Amazon doesn't really need to make money with Prime Video. I'm seeing Prime Video and Netflix in a turf war in Latin America, with all legacy players being squeezed.
Big Tech(Not Big Tech failsons) has avoided buying big studios because of Sony-Columbia, that never really made money and became a huge distraction for Sony when MP3 became popular.
David can't act
World's about to find out that David can't lead a company through challenging marketplace plus investor skittishness.
David can't. That's the sentence..