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even pseudo-growth obsessed Wall Street is like: this sucks

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)

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.