Episode 65: The Paramount-WBD Debt Trap
A detailed financial autopsy of the proposed Paramount–Warner Bros. Discovery merger, based on analysis from veteran producer and M&A specialist Joseph Singer. The combined entity would carry $79 billion in debt against $3 billion in annual free cash flow — leverage of approximately 6.5x EBITDA at close. Singer's models project debt could rise to $90 billion within three years, with 10,000+ direct job cuts and tens of thousands more in the broader production ecosystem. For agents, showrunners, producers, and studio executives, this episode breaks down what the deal actually means for buyers…
The skinny
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