Caroline Hyde

So it's so so so buckle up and stay tuned.

And maybe at the end of the day, you know, what WBD ends up with is the five billion kill value of this deal.

We'll have to see.

I mean, that's an extraordinary, of course, unwind value that they're offering, saying if this doesn't get through the regulators, we will hand you five billion Warner Brothers discovery more than.

But, John, I want to go back to how Netflix is already trying to front run this.

They're already saying these are complementary strengths and assets.

They're already saying there's going to be more choice, greater value.

for the consumer because you're going to get bundling and maybe a cheaper offering.

They're saying this is a stronger entertainment industry because they're actually going to be leaning into theatrical releases.

Do you buy any of that?

Oh, I buy some of it.

We just don't know how much more consumers are going to have to pay for this new and improved, bigger, better than ever, one big, beautiful streaming company.

And so we'll have to see that.

But bottom line, there are going to be fewer buyers for creative product.

Also left begging in this, though, and I think it's really worth talking about, especially on a tech-focused show, Netflix's biggest problem is not market share versus Amazon or Disney Plus or what have you.

The bigger problem is YouTube.

YouTube commands far more viewing time, almost double the viewing time.

that Netflix does right now.

And Netflix has been busy trying to poach YouTube creators.

But what's really happening in the entertainment industry as a whole is this flood of creator content.