This Week’s Potential Buyer Of Paramount: Sony
Competition is good, and necessary for a healthy society. If the consumer has fewer options, there is less innovation, higher prices and a lower quality product. Monopolies or oligopolies have never worked out well. So all that being said, don’t shoot the messenger — this news is out of my control. The owners of Paramount really want to sell it. They’re in a bind that is definitely their own fault yet they’d never admit it; the level of Paramount’s debt is surprisingly WORSE than WB’s. They’d love it if someone could take that debt off their hands, and have been looking for buyers for about a year now. WB Discovery was reported as being interested at one point, but seems to have backed off. Thank goodness; reducing the number of movie studios yet again would be terrible. No, wait…this new potential buyer, Sony ALSO owns a studio already, darrrrrrn! Sony is a bit of a curveball, because up to now they’ve kept out of the whole “spend trillions of dollars