Thread regarding DreamWorks Animation SKG Inc. layoffs

Chef Fazal is getting ready to cook

Anyone who cares about DreamWorks should listen to the "restructuring" call taken with analysts and the press.

Listen closely to Chef Fazal squirm and equivocate when asked questions about the studios ability to deal with the $290 million layoff cost and future negative events. DWA already managed to unload $300 million of ass-wipe notes to pay down its last string of losses and to try to shore up its line of credit. (Ann got 4 million of those dollars!) This $400 million "revolver" already has $200 million tapped out of it. But don't worry! Fazal tells us it has a $50 million accordion that can be drawn on if times gets tough. There is also $100 million in unencumbered assets (this means the pretty campus) which can be leveraged out. Fazal is going to need an accordion and a little monkey with a tin cup which will come in handy as he plays it on Hollywood Blvd. begging for cash. No one has liked what he has been cooking so far, with all previous suitors dumping their trays in the commissary after tasting the books. Maybe half a billion in additional debt is just the special seasoning that is needed?

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Post ID: @OP+zRib1jt

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The cold hard truth is it wasn't a good business when the business was good. Now add in $600 million in debt, no DVD sales, massive expenses for phantom (overseas) "dirt-cheap" studios, and the inability to remove dead-wood executives; oh, and close the non-union place that made ALL your technology and generated higher revs-per-film than Glendale... good luck with all that.

Post ID: @7Nzr+zRib1jt

Ive heard JK speak during very stressful times... Each time he felt pinched, his tone got cocky, and defensive. He sounds cocky and defensive in this call. Uh oh..

Post ID: @UfE+zRib1jt

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