Carol Masser

And this was the overhang.

Paramount's argument was that its bid was superior

because of the stock component that had been in Netflix's initial offer.

Bloomberg reported last week that this was going to happen, so it's confirmation.

That's where the names involved are trading.

There's still a lot more to come, of course.

Let's get the reaction and analysis to the new offer with Geetha Ranganathan from Bloomberg Intelligence.

And you write two things in your research.

The first, that this ramps up the pressure on Paramount, Geetha, but also it raises the stakes for Netflix.

Let's start with...

with why you think this ramps up the pressure on Paramount.

Keith, again, Netflix adjusting to an all cash offer in part because its own stock that was part of its initial offer has been under pressure since this all started.

We get earnings after the bell.

What are you expecting to hear from Netflix and what do investors need to hear to give them confidence that this is the right path forward?

Geetha Ranganathan, it's always great to get your take and your analysis, which is so instant when we have this breaking news.

We appreciate it from Bloomberg Intelligence.

Let's stay with the context of earnings, with where MAG7 names are, whether they're set, of course, to begin reporting next week as the big ones like Microsoft, Tesla, Meta kicking things off on Wednesday.

But of course, Netflix is tonight.

Tiffany Wade, Columbia Threadneedle, Senior Portfolio Manager, joins us as we are on the cusp of earnings and as geopolitical

headwinds seem to just shift the narrative entirely.