David Sampson

You add those two together and see how that compares to someone who wants to buy the whole thing, which is Skydance.

And so what Skydance is saying is, hey, what's the actual value of what you're keeping?

How are you measuring that?

You haven't told anyone.

But we're not buying.

Okay.

John, so that letter, correct me if I'm wrong, Pablo, because I may have misunderstood.

That's a letter sent to WBD shareholders.

Correct.

The obligation is on the WBD board and Zasloff to tell me what the value is.

Netflix doesn't have to say a damn word.

Now we're talking, John, because that is a legitimate reason to vote for your shares to the Netflix deal, not the Skydance deal.

But again, then the offers aren't equal.

All what Skydance is suing for is, hey, disclose

tell us exactly what's happening within the deals.

And then if we decide that, you know, hitching our wagon to Netflix makes more sense, we will vote that way.

If we decide we want more current day cash and we sort of are okay with the mid and long-term implications of such decision, we'll vote that way.

Both of those results are legitimate.

No, I think you're exactly right.

What Netflix, it's very much the way you ran ESPN.