Caroline Hyde

And especially when it comes to this transaction, because in choosing Netflix as its partner here in this deal, Warner Brothers is jilting David Ellison.

And that really does prompt perhaps a whole new level of scrutiny and a perhaps full court press reaction.

with the Trump administration, with whom he is close, and also with perhaps the president himself.

So there will be a lot of jockeying behind the scenes, perhaps even more so than usual when it comes to a deal of this nature.

And one of the things we'll have to be watching is to what degree

The Netflix side is also trying to curry favor, in effect, with the Trump side.

Over the years, Netflix founder Reed Hastings has donated heavily to Democratic causes.

He contributed $7 million to Kamala Harris, $20 million to Democrats over the years.

But we also want to see how Ted Sarandos, the CEO of Netflix, is trying to do his part.

We know that in December...

He did have dinner with Donald Trump at Mar-a-Lago.

The men sat for several hours and talked in March.

Sarandos described the conversation as a good conversation, but we will need to see where that leads.

We've seen how Jensen Wong of NVIDIA has parlayed that kind of a close relationship with Donald Trump into actions by the government that work a little bit more in his company's favor.

So that sort of interpersonal diplomacy with the administration will be key here.

Yeah, co-CEOs, I'm sure, trying to work the phones.

And I'm sure many will be trying to remind everyone that YouTube's a pretty key player in all of this as well when it comes to the regulatory impact and competition.

Bloomberg's Mike Sheppard, thanks so much for joining us.

Let's pivot a little bit.

Let's take a look at what's happening in crypto.