Most unexpected was Paramount stock’s jump. Wall Street almost always disdains giant acquisitions on the theory that buyers get too excited about big deals and overpay—and indeed, that’s usually what happens. When the deal gets sealed, the buyer’s stock usually drops, but in this case it rose almost 30%. That’s probably because analysts were pleasantly surprised: They had figured Paramount would need to raise its offer from $30 to $32–$34 a share to vanquish Netflix; instead, Paramount offered just $31 and prevailed.
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❯ ls /usr/etc/motd
DRM, as an industry institution, has an almost comically bad track record when it comes to actually protecting content. Denuvo which is perhaps the most sophisticated game DRM ever deployed commercially has been cracked for virtually every major game it’s protected, usually within weeks of release. Every DVD ever made is trivially rippable. Every Blu-ray. Every streaming service has been ripped by someone, somewhere.