I wonder what would happen if— and hear me out on this one— if these major companies allocated just a quarter of the resources and energy they devote to mergers and acquisitions toward developing original TV concepts and movies? Could Hollywood have already rebounded from the significant financial setbacks it faced due to the pandemic and strikes? What if investing less in existing intellectual property and more in creativity led to breakout successes? Could this transform Hollywood's reputation and, in turn, prove more profitable? I understand the concept of market consolidation and the significance of strong leadership. I also understand the allure of the high-stakes games played by Wall Street. However, I don't understand the logic in the perceived lower risk in pursuing mergers and acquisitions, which often lead to debt and layoffs, over scaling more original/creative project ideas. It often seems as though these executives and CEOs derive more enjoyment from discussions about building monopolies than they do from fostering creativity and storytelling.
David Ellison's Skydance remains in pole position to gain control of Paramount Global, with Sony and Apollo waiting in the wings.
Optioned Screenwriter 21,000+connections
7moTrue words