Comments Thread For: Showtime Start Legal War Over Mayweather-McGregor 'Streams'
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Espinoza is worried. CBS probably spent millions of dollars on promotion plus the guarantee for both fighters. They may end up with a negative balance sheet again. Bulk of the money all went inside Floyd's pockets. This will become obvious when Showtime can't produce meaningful fights for the rest of the year.Comment
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https://seekingalpha.com/article/406...olvency-issues
"When considering the off-balance sheet commitments for content, the company's total liabilities are more like $20 billion rather than $11 billion shown on its U.S. GAAP balance sheet. Even scarier, the company's current liabilities balloon from around $4.5 billion to over $6.6 billion. As shown in the partial balance sheet below, Netflix only has about $1.7 billion in cash and short-term investments to meet the $6.6 billion in obligations in the coming year."
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