For the part that Netflix excluded from the deal, the plan is to get that spun off into a separate entity, Discovery Global. It will be loaded in debt which amounts to $20 billion as Netflix takes up $10-$15 billion from its buyout of Warner Bros.
Discovery Global is expected to generate a lot of cash flow but with immense cord cutting as seen with that of Canal+'s DStv. The revenue will continue to plummet and channels like Cartoon Network and Cartoonito (or. Boomerang) aren't immune.
Netflix had stated that if it's buyout of Warner Bros. succeeded that the company would continue to operate independently. Licensing agreements with Canal+, Sky and even Discovery Global would be retained.
These means shows like Tiny Toons Looniversity and Teen Titans GO! would continue to be seen on Cartoon Network. But then there's lingering fears from various consumers about the viability of the brand under Discovery Global.
Bloomberg did it's piece on Cartoon Network last year where it was reported that the network makes between 15% to 20% of what it had in 2014. And also that Warner Bros. Discovery only relies on the brand for its older catalogue.
The fear for some here again is that Discovery Global will slash the tires of Cartoon Network or possible keep only the international variant. Think of Universal Kids, it's predecessors are Sky Kids in the UK and DreamWorks Channel everywhere else.
Discovery Global could lean more toward existing partnerships with Hasbro for Discovery Family and WeTV for MeTV Toons.
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