Linear tv dragging you down? 
Maybe you should get rid of it... but wait it gets worse! 

WBD not only had a massive $9.1B impairment charge on its cable unit, it also had a $2.1B write-down on its merger and that doesn't include loss in revenue from being outbid on NBA rights 

And for these wonderful results? Zaslav has a pay package of $50M - must be nice

HBO might be the only thing saving WBD at this point. But at what point will enough be enough for shareholders or for that matter creatives, because the hits keep coming. 

Creatives are going to feel this for a long, long time. 

But that means now is the perfect time to help onboard creatives onto crypto; they are hurting with massive creative talent. The kind of talent people love watching, looking at, listening to and reading

On the docket for tomorrow: DIS & PARA. Will it get worse?

https://finance.yahoo.com/news/warner-bros-discovery-sinks-after-taking-massive-91-billion-impairment-charge-on-its-cable-business-202022641.html

PARA (Paramount Global) earnings continue our journey of why streamers should offload linear tv into 1 entity... 

PARA took a $5.98B impairment charge on its offering - but hey at least their streaming division took $26M profit home ¯\_༼ ಥ ‿ ಥ ༽_/¯

Makes my happenstance conversation with a Paramount exec even stranger - old ways dragging down the dinosaur that refuse to look up. 

DIS, PARA & WBD will likely continue to struggle for the next few years, while Netflix consolidates (especially with a harder lean into gaming). I'd imagine we see one more big merger before the dust settles. Still wild to think 20 years ago these were all untouchable giants. 

Now extrapolating this out, it isn't just streamers that have to tighten their belts, but the talent agents, lawyers, accountants and even restaurants where they all sit at for luncheons. It is going to be a rough few years for LA too, not just the creatives, neither of which deserve to suffer because of the hubris of a few execs

For those interested in earnings breakdown:

For those interested in earnings breakdown: 
https://finance.yahoo.com/news/paramount-delivers-first-quarter-of-streaming-profitability-while-revenue-misses-expectations-200210494.html#