So after this brief merger they are already splitting again? But this time Discovery gets loaded up with the declining linear television parts and I assume also the huge pile of debt?
Obviously share ownership adjusted accordingly, but I guess there would have been no other way to transfer the debt and declining business parts directly to discovery or someone else. Because no one would take that deal even for free.
I might actually see this as a win for movie/television fans as I doubt there’d been a faster way for warner/HBO to become separated from the debt and cable stuff.
The re-rebranding back to HBOmax makes more sense now.
It’ll be interesting to see how this changes CEO pay. Does Zaslav take a pay cut since he now manages a much smaller company? I doubt it. I bet he gets another performance bonus and on the other side the former CFO now CEO of the new company will also be paid handsomely to handle the crappy parts. Leading to overall even more management salary.
So after this brief merger they are already splitting again? But this time Discovery gets loaded up with the declining linear television parts and I assume also the huge pile of debt?
Obviously share ownership adjusted accordingly, but I guess there would have been no other way to transfer the debt and declining business parts directly to discovery or someone else. Because no one would take that deal even for free.
I might actually see this as a win for movie/television fans as I doubt there’d been a faster way for warner/HBO to become separated from the debt and cable stuff.
The re-rebranding back to HBOmax makes more sense now.
It’ll be interesting to see how this changes CEO pay. Does Zaslav take a pay cut since he now manages a much smaller company? I doubt it. I bet he gets another performance bonus and on the other side the former CFO now CEO of the new company will also be paid handsomely to handle the crappy parts. Leading to overall even more management salary.