Caroline Hyde

They expect that transaction will close in the next 12 to 18 months.

So let's say sometime in 27.

And then there will obviously be regulatory approval and all that, which could also drag on for some time.

Depends on when that enters the equation.

In terms of the value and all that, yes, Paramount offered $30 a share.

Netflix was just shy of $28.

But you have to remember that because Netflix is only buying two thirds of the company, there is a value that is being applied to the business that will be spun off that you add on top of the Netflix bid.

So a lot of whether the Netflix bid was more or less than paramount depends on the value you assign to those cable networks.

You know, people who are really skeptical and certainly folks I spoke with in the Paramount orbit are like those cable networks are worth nothing, maybe a dollar a share, maybe two.

You know, Warner Brothers may argue it's worth four or five dollars a share, in which case the Netflix offer is actually higher.

This is going to be a saga that plays out longer than Game of Thrones did.

Because, you know, not only do you have shareholder issues, your questions potentially, but you've already got the creative community in Hollywood rising up.

The Directors Guild wants to sit down with Netflix.

The theater owners are worried that Netflix is going to severely reduce movies released in theaters.

Overall, it reduces competition for producers and writers radically.

And then, of course, the biggest factor is going to be the political aspect.

Not only does

David Ellison's dad, Larry Ellison, who has funded the Paramount takeover, have a close relationship with Donald Trump, who I think had been licking his chops at the idea of combining CNN with CBS News, which is already trying to veer a little more to the right.

But you have you have that in play.

But then you've got Gavin Newsom, who's you know, the entertainment economy drives so much job growth revenue in California alone that I'm sure he's going to get involved in this as well.