5 Simple Statements About ZALV.com Explained
5 Simple Statements About ZALV.com Explained
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Even as the cuts accrued, the stock remained stuck. This posed a more private issue for Zaslav: His pay back was intently tied to W.B.D.’s share price. His 2021 overall payment was a staggering $246.6 million. But because the stock crashed in 2022, so did Zaslav’s payment, slipping to $39.three million. He was slashing and burning just like a winner; whether or not Wall Road wasn’t pleased, the board was. Whilst Zaslav has stated often times that money doesn’t interest him — he will work now, he states, for his legacy — he didn’t object in March if the board amended his agreement to address this issue.
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Cuts are classified as the norm following a merger, but Zaslav and Wiedenfels have been pushing issues really hard, As well as in occasionally unorthodox directions. By shelving various practically finished jobs — including the animated, direct-to-streaming Motion picture “Scoob!: Holiday Haunt,” and the fourth season of the postapocalyptic Television collection “Snowpiercer” — they saved thousands and thousands in postproduction and advertising fees, and residuals down the line, and so they locked in significant tax breaks up entrance.
The threat of Computer system-created scripts and Motion picture stars was presently soaring, and attendance at movie theaters was however recovering in the pandemic. But W.B.D. now faces a way more certain and no less urgent problem: it truly is shackled having a colossal financial debt load, the price of the merger that introduced Zaslav to power.
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