Ed Ludlow

What is your position at this time, and what is your research into the competing bids?

Let me jump in real quick on the money side.

We will get to Hollywood, particularly technology, because Netflix's competency is the algorithm to an extent, and the library and the content.

But I just want to go back and back to basics of what you said, $12 with...

Warner Brothers Discovery.

You're not the first person to make this point, Laura, but just explain the basics to our audience, please.

People do feel that the value of what either entity ends up getting may not be at $27.75 for the studio streaming or $30 for the whole enchilada, as I keep saying.

I think there's a lot of value in that answer because the next question is, of course, about antitrust and what the combined entities would look like in either case.

You said you believe or you're more sanguine about Paramount Skydance combined with Warner Brothers Discovery.

Why?

Laura, we have less than a minute.

Netflix would argue, and I am simplifying that, you know, it would simplify it for the consumer.

You know, having HBO Max, Netflix, people have multiple subscriptions.

But it sounds like you don't think that that argument will make traction.

Laura Martin of Needham, it's great to have you back on Bloomberg Tech.

I suspect we'll be talking about this deal for quite a long time to come.

Thank you.

Sticking with entertainment M&A, Disney co-chairman Dana Wallman sat down last month with Bloomberg's Emily Chang for an episode of The Circuit to discuss broadly the M&A landscape and what she thinks of the competition coming out of a potential merger.

Listen to this.

That was Disney co-chairman Dana Wallman along with Bloomberg's Emily Chang again, recorded last month.