Derek Thompson

And as a result, something's going to have to be done.

Some jobs are going to have to be cut.

And that absolutely sucks.

And I certainly don't think that Zaslav should be paid $900 million for...

executing a deal that exactly for managing the roman decline like there's a reason why we don't talk about the roman emperors and the backside um of of you know pax romana we as as being great like they didn't necessarily do a great job they just they were just there as the roller coaster was rolling down the hill but i i do think it's important to say just a matter of like understanding the big picture here that like hollywood is in trouble

And the reason why you have these distressed assets being passed around is that Netflix and TikTok and YouTube are eating everybody's lunch.

And we didn't even mention the fact that I believe the debt...

receipt right now.

I think it's $79 billion in debt that this company is holding.

The Saudis, the Emiratis, and the Qataris, tying us back to the original.

And the rough thing for the folks working in this industry is it's really, really hard to pay off that debt given the future sort of earnings of this company without cutting a lot of jobs.

And so essentially the debt's going to be serviced on the backs of a lot of people who work in Hollywood.

It all really, really sucks.

Super early to offer a grade, but I'm really, really glad you pointed this out.

I think in my first column for my substack,

It was about an idea that I called the poster politician divide, where I said that if all you do is pay attention to the debate about abundance on the Internet, we're just poster versus poster.

It's going to look like the left versus the center left absolutely hates each other and that you can either be an economic populist or believe in some abundance principles like making it easier for people to build housing.

That's an illusion.

It's an illusion of Twitter.

It's an illusion of posting.