But oneWall Streetmedia veteran thinks its premature to say the worst is behind the company.

They may not be able to address it.

Thats certainly a negative from a credit standpoint.

Paramount-Skydance deal

Paramount and SkydanceGetty Images

Longer-term, I think the jurys still out.

Well have to see how the deal closes, what the strategy looks like.

Asked to compare and contrast Paramounts situation with that faced by Warner Bros.

Tom Cruise in ‘Top Gun: Maverick’; Paramount Studios

Discovery, Sarma said the companies share many similarities in terms of their asset bases.