They done f’d up.
Bought a ton of studios but have little operating income to keep these studios open and projects running. Never rely on a deal that’s not finalized.
They made the biggest mistake that you can make by counting on that deal going through.
I tell my kids all the time especially my teenage daughter never rely on money that’s suppose to come in the future.
Make sure you have it before spending it. Make sure it won’t hurt you if you do spend it.
But they made such basic mistakes that companies should know not to make and they have hurt a lot of peoples lives that depended on these jobs. They could have let someone else acquire these studios that they are ruining. I’m sure they are trying to sell some of them but they are going to get fleeced if they do. Everyone knows they are in shitty position of weakness
