Caroline Hyde

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.

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.