David Samson

opportunity when you are a netflix subscriber and what you're going to come to expect but again dan i don't think anyone signed up for netflix because they wanted to see an adam sandler movie or a kevin hart movie i think it's just part of what they get when they're already a subscriber but i believe that youtube is what the people view as their their atmosphere of content

is youtube they get the opportunity to see things that are pushed to them that they may not otherwise see that they may not otherwise have heard of they get the opportunity to participate in ways that netflix showing video does not offer an audience

Well, they had that right, but you're asking a question of what Bill Simmons wanted, and I can't speak to his frame of mind when the Netflix deal was done, only to his frame of mind when the Spotify deal was done, because that's a deal ago.

And it's the same thing when MetalArk Media does a deal with DraftKings.

I can know your state of mind, but what DraftKings then does with your show, that really, in theory, we don't have to talk about that specific deal, but you do not necessarily have control over that.

Bill Simmons would not have control over how that show is being monetized so Spotify can get a return on its investment in Simmons and in his other shows.

And so when you sell, you are giving up control definitionally.

Think about when you sell your little studio, the movie studio, to one of the big giants.

You are giving up control in order to take money off the table, in order to diversify your holdings, not have your net worth just in your media company.

That's why little companies sell to big companies who spread risk over a bunch of different things.

Some work, some don't, and you move on.

When you own it, you want the payday, and the strategy is when do you take it?

And Bill Simmons took it.

The Netflix deal was not the specific payday for Bill.

It was the Spotify deal.

It's shameful.

You better not make fun of me because of the age of this, but I watched a movie on Netflix, a documentary called Miracle, The Boys of 80.

And you're going to say, no one was alive in 1980.

No one remembers that.

It's the greatest sports story.