Schadenfreude. He bought dying assets of a dying industry, mass media. His own doing.
Skydance’s Market Value Is Currently Less Than Half What Warner Bros. Discovery and Paramount Combined Were Worth
https://variety.com/2026/film/news/skydance-market-cap-less-than-half-warner-bros-discovery-paramount-1236913334/
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It sounds like the people who knew made their money and are now getting out.
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@jeffjarvis I don't believe the Ellisons bought WB+Paramount to make a profit. I think they believe Oracle will continue to be their cash cow which will capitalize their fascist overhaul of entertainment and news media.
This is like GE CEO "Neutron Jack" Welch's acquisition of NBC for the purposes of pushing GE-friendly tax policy. Reduction in taxes were to offset the price of acquisition.
Long-term, it brought us The Apprentice -- Trump -- as payload.
Ellisons want even more fascist yield.
@jeffjarvis
I think market cap also reflects (a) an acknowledgement that American viewers will shun these channels (b) a debt load bound to overrun the interests of equity holders and (c) nepotism is a bad bet.