Originally posted by hyeduk
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Comments Thread For: Showtime Start Legal War Over Mayweather-McGregor 'Streams'
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Originally posted by genrick View PostEspinoza 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.
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Originally posted by iamboxing View PostThe only reason people pirate stuff is because subscription TV is overpriced. Only way to combat piracy is to do what Netflix did, offer reasonable prices.
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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