Jason Moser

You look at Netflix, around 300 million subscribers there.

With HBO Max and all of this, that's a little bit less than half of that.

They're going to add some subscribers.

There's clearly some overlap there, but they're going to bring some new subscribers into the mix there.

More so, they will have just a ton of additional content that comes with it.

I think the one thing, I'm not as excited about the deal.

I understand why they're doing it.

But it also makes me a little nervous from what we were talking about earlier, the Disney perspective.

What I mean by that is, you think about this, Disney has a market capitalization today around $186 billion.

That's on $94.5 billion in revenue and $12.3 billion in net income.

Netflix, on the other hand, has around $435 billion market capital and just over $43 billion in revenue and $10.5 billion in net income.

I think one of the things that's really held Disney back over the last several years, one of a few, I think they relate to this

streaming game, better late than never.

But right, that Fox acquisition, I think, set them back a little bit because it was such a large commitment.

I just worry about this from Netflix's perspective in that it is such a large commitment.

It could take some time to really flow through the financials and make as much sense.

But generally speaking, I do understand the move.

If there's a company that's going to be able to execute this, I think it's Netflix, so I get why they're doing it.

I think that makes perfect sense, too.

The other thing to think about, too, is because of all of these assets they're bringing in, and this could go one of two ways, but there's a distinct possibility we will see more levels for subscriptions coming from Netflix.