Can Skydance Escape Its $80 Billion Debt Burden? | HappeningNow.news

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Can Skydance Escape Its $80 Billion Debt Burden?

Experts who spoke to TheWrap are skeptical the David Ellison-led media giant can hit its financial targets without additional action, such as more cost cuts, raising equity or asset sales Skydance CEO David Ellison is ready to go…

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Experts who spoke to TheWrap are skeptical the David Ellison-led media giant can hit its financial targets without additional action, such as more cost cuts, raising equity or asset sales Skydance CEO David Ellison is ready to go toe-to-toe with Netflix, Disney and the rest of Hollywood after closing the Paramount-Warner Bros. Discovery merger. But his greatest foe isn’t CEOs Ted Sarandos or Josh D’Amaro – it’s the nearly $80 billion in net debt that he will need to chip away at as soon as possible.

Read original at TheWrap

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