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The remaining movie studios are underwater in debt already, stemming from a string of mergers back to 1989. This merger will leave 4 giant companies left, all drowning in debt and servicing huge interest payments.

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submitted 6 days ago* (last edited 6 days ago) by teyrnon@sh.itjust.works to c/business@lemmy.world

The remaining movie studios are underwater in debt already, stemming from a string of mergers back to 1989. This merger will leave 4 giant companies left, all drowning in debt and servicing huge interest payments.

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