$PSKY's taking a hit today. The catalyst? Netflix just sealed a massive $72 billion deal to acquire Warner Bros. Discovery—that figure includes their debt load. Traditional media consolidation waves are clearly rippling through crypto-related entertainment tokens. Markets don't wait for explanations.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
HodlAndChillvip
· 12-06 09:40
Nah, this time it's really traditional media profiting from the crypto circle. $PSKY is indeed having a rough time with this one.
View OriginalReply0
RegenRestorervip
· 12-05 18:03
Honestly, the impact of this wave of Netflix acquisitions was really unexpected... Can PSKY still hold on?
View OriginalReply0
WhaleWatchervip
· 12-05 18:02
Oh no, $PSKY dropped again. This time the stir caused by Netflix is really huge... $7.2 billion to swallow Warner Bros. This wave of consolidation in traditional media has completely overturned entertainment tokens, and the market doesn’t care how you try to explain it.
View OriginalReply0
Layer2Observervip
· 12-05 18:02
Let me take a look at this data. Why would a $7.2 billion acquisition directly impact entertainment tokens... From an engineering perspective, the logic behind this is worth examining.
View OriginalReply0
Blockchainiacvip
· 12-05 17:59
No, this amount of money is enough for Netflix to buy ten more crypto projects... That's the gap.
View OriginalReply0
ConsensusDissentervip
· 12-05 17:58
As soon as traditional media makes a move, we start panic selling over here. So funny.
View OriginalReply0
SorryRugPulledvip
· 12-05 17:49
Oh man, there's really no injustice in getting rekt this time. As soon as a traditional giant makes a move, the token price plummets. The Web3 entertainment sector is just too fragile.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)