Caroline Hyde

I bought it.

Yeah, I bought it recently because, you know, several of the people I know in Hollywood are extremely bullish on Ellison.

And so I bought it recently.

But when the deal started and it turned into a bidding war, Warner isn't worth even close to $30.

So everybody's overpaying for this asset right now.

because it's so rare.

But what I fear and why I immediately turned around and sold the stock is they're going to end up overpaying for this asset.

And Warner's been an albatross on every company that's ever owned it.

I've known Warner since the days from the early days.

Nobody's ever made money owning Warner.

So why do you think Netflix is just good buying the bits of it that it should?

Do you not like that?

What about Paramount, Skydance wanting the whole caboodle?

Is two to three dollars the right amount they should be forced to pay to inherit the cables as well?

Well, the cable assets, by keeping it, is really a power play because they want to take control of CNN.

So it's a way for the right to take control of CNN.

And it really has nothing to do with any value because cable assets are being spun off, for example, with Comcast.

And I think Disney needs to do the same thing because cable is a dying business and the numbers go down.

So when you think about why would they really want this, that's just politics.

And that's, I think, a big issue in this deal that people in Hollywood who are generally on the left, including Netflix, don't want the right to get a hold of these assets.