J.P. Morgan, Allen & Company, and Evercore have successfully forced Paramount to strip away all structural execution risk by locking in unprecedented regulatory penalties and brilliant linear network protections that shield the target company from industry deterioration.
The primary risk going forward is whether Netflix chooses to utilize its unmatched market capitalization to trigger a four-day bidding war that a highly leveraged studio consortium simply cannot afford to win.
Ultimately this hostile intervention proves that tier-one intellectual property remains the most fiercely contested currency in the global economy as legacy studios fight aggressively to prevent technology platforms from achieving total absolute monopoly across the entertainment sector.
