2023-11-10 07:01:17
Published on Nov. 10, 2023 at 8:00 a.m. Updated on Nov. 10, 2023 at 8:01 a.m.
The end of the strikes in Hollywood is a real relief for the studios, but this good news may not be enough to make them smile again. The audiovisual giants are head-on experiencing the almost inevitable decline in traditional revenues ( or cable) from their channels and which streaming does not compensate for.
All of this makes the need to reduce debt pressing for Paramount, Warner Bros. Discovery, Comcast and even Disney, especially since American interest rates are at their highest in at least twenty years. On Wednesday, the reminder was brutal: Warner Bros. Discovery – the owner of CNN, HBO and Eurosport – dropped 19% of its valuation on the New York Stock Exchange after warning that its leverage ratio (the level of debt compared to Ebitda) would probably not meet its target trajectory in 2024, barring an unexpected rebound in the television market in the United States.
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