Ed Ludlow

Now, if you combine Netflix and HBO Max and if you combine Paramount Plus and HBO Max, they are still significantly smaller than YouTube, which is currently about a third bigger than Netflix in the U.S.

So either way, there is still a lot of competition out there depending on which industry you're pitting against, Warner.

another.

Let's talk about good old cable television, because that is where many would say there is perhaps value.

And it depends on which side of the equation you think.

At the moment, it feels as though Warner Brothers Discovery thought there was more value in spinning off that part of the business than the $30 coming from Paramount Skydance.

How do you look at those valuations?

Well, let's stick with the famous Warner Brothers property friends.

Ross was a famous paleontologist in the show, which means he loved fossils, which means he would love the cable network assets.

They are rapidly declining.

They are shrinking every day.

And while they still spit out a decent amount of free cash flow, Wall Street sees them as an albatross, an anchor.

So they all these companies want to position themselves for long leashes from shareholders and Wall Street.

And the cable nets just aren't part of that strategy.

Niche analogy, but we're here for it.

The most important question

seriously was posed by Bloomberg tech producer, Paul Zaveri.

Just take this at face value seriously.

Let's say either deal goes through and we don't know if it will, there's antitrust.

Does that mean that we stop paying for multiple subscriptions and we can just pay for one subscription where all of our platforms are in one?