The thing they want

submitted by xoenix from files.catbox.moe

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[–]Rah 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

The people involved will stay in the sector and ruin other franchises. The companies will rebrand. Its too much of a gold mine to be left alone, the banks incentivize it too much.

[–]NastyWetSmear 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

You keep saying this, but I keep pointing out that it isn't correct: There isn't a gold mine. There's no gold in this practice. Those franchises lose money, the companies lose money and even the largest ones are starting to suffer as a result, as we can see with Disney being called out for lying about their profits on these franchises at their earnings call, having battles over board positions and closing down whole sections of their parks that cost billions to create.

I understand that ESG ratings impact loans, but, one again, I point out that a loan option is no good if your company is gone. With this in mind: Why crash a company over this?

[–]Rah 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

The company is never gone. You dont seem to realize the scheme is deeper. There are thousands of zombie companies out there surviving on loans with little profit. They exist solely to secure a niche in the market. What makes you think the banks dont want to control the gaming industry by zombifying triple-A companies into making products they want? Stop being so naive.

[–]NastyWetSmear 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

You sure said a lot of things there without actually saying anything. "Secure a niche in the market" is some of the most meaningless buzz language I think I've ever heard, as if owning a company that makes towels means there's no room for other companies to make towels, even though your towel company is bleeding money.

Look, I get it, you don't have a good answer to my question. That's totally cool. I don't either, that's why I asked it. Getting all "Don't be naïve" doesn't help. If your point is they are "True Believers", that's fine. That was one the original points I offered up.