Market News / Story
Skydance shares extend decline as debt, streaming challenges weigh
Seeking Alpha ·
Seeking Alpha reports: Shares of the newly merged Paramount Skydance and Warner Bros. Discovery have shaved an additional 8% during its second day of trading as concerns over a sizable debt load, the logistics of integrating two major movie studios, and ambitious production targets have investors staying on the sidelines. Skydance was created on October 6 with a centuries-old content library, 4 streaming channels, sports rights to the NFL, MLB, and NASCAR, and a news division with few…