Despite all that ails Warner Bros.
But his analysis resonates far beyond one company.
The semi-reclusive mogul is probably the closest thing the media business has to an oracle.
Warner Bros. DiscoveryAleksander Kalka/NurPhoto via Getty Images
Malone said WBDs balance sheet is bulletproof due to deep-pocketed backers like himself through Liberty Media.
Its investment grade, Moffett quoted the billionaire as saying of WBD.
Theyre not going to run out of cash anytime soon.
So they dont have to do anything while they sit and watch this consolidation in the industry move forward.
No one should rush to judgement regarding WBDs trajectory, Moffett wrote, summing up Malones overall sentiment.
They probably have the best studio and the best library in the industry, in [Malones] view.
The mogul added theyve got the most energetic CEO, certainly more energetic than anybody Ive ever met.
Early renewal of a carriage deal with Charterthis month was considered a good sign.
So then you go back to being an arms merchant.
While he gave an affirmative view of WBD, he did offer his take thatstreamingis a terrible business.
He also noted the increasing threat posed by Big Tech.
I would take that tool away from big tech, because talk about a giveaway.
whos going to be able to outbid them for sports content?
Somehow, you have to break out of that.
The old world used to be you cant take over another guys business by cross-subsidy.
That seems to be totally forgotten.
