To follow unique Credit Union model!
Dateline - Los Angeles: In a surprise move, Warner Brothers/HBO has announced plans to merge, rejecting competitive offers from Netflix and Paramount which valued the film studio at up to $108 billion dollars.
Warner's properties include: The Exorcist, Blazing Saddles, Lethal Weapon, Superman, The Matrix, Harry Potter, The Dukes of Hazzard, Murphy Brown, Friends, Roots, and Looney Tunes/Merrie Melodies.
In a statement released Friday, a Warner Brothers spokesman said; "We recently discovered a different merger model - used only by credit unions - right here in California, which avoids all the difficulties of transferring the value of our company directly to our shareholders."
"The new proposal eliminates any distribution of cash, while enabling our stockholders to become minority owners. Senior executives and board members will receive extended contracts, retention/change of control protection, and "retire-like-a-movie star" severance packages."
"Further details will be released shortly, but that's all for now folks. If you have questions, please contact our investor relations department: [direct link] https://youtu.be/b9434BoGkNQ "
It is rumored that the merger partner is a high-flying Washington State vulture capitalist.
