David Sampson

Do you remember those conversations?

That's a personal decision.

That's not even shareholders.

It's not a personal decision, John.

It's your company money.

If you were offered five times to do the show, have the freedom you have.

So remember, everything's equal, which means you have the freedom, the editorial freedom.

You can cover anything you want.

Oh, by the way, it's five times the amount of money for you, your staff, and your budget.

Oh, sorry.

But that's different.

John, I agree.

If you're offered five times more money, but you have no editorial control and you're not allowed to do the show you want, you're not comparing apples to apples.

Well, what he's pointing out is all the different ways that the Netflix offer may be even less than what it is purported to be.

Because we haven't mentioned yet on this episode, what Skydance is offering is to buy all of WBD.

What Netflix is offering is to buy only one of the two companies that it's planning to be split into.

And so when you look at what's left, meaning the WBD shareholders would have money from Netflix and they'd still own an asset.

And the question is, what is that asset worth?

What's its value?

Because then you take the Netflix offer plus the value of what you still own.