Jason Moser

Do you think there's going to be a Netflix Plus?

Netflix Max.

Let's get a little bit more creative.

You're catching my drift there.

Think about Netflix in the day, one of its keys to success was simplicity.

It just was easy.

As time grows, as the competitive jockeying heated up in the space, they had to start offering some more levels of subscriptions to be able to attract various consumers and exercise that pricing power incrementally along the way.

It wasn't

shock me at all to see them offering some more levels of subscriptions with this acquisition, which could be good for consumers, but it also means it's going to be a little bit more convoluted or difficult to figure out exactly which level you really want.

But that might give them the opportunity to flex that pricing power a little bit more under the radar, so to speak.

I think you're right there.

To Lou's point, I wonder if this thing actually does make it past the regulatory side.

It is really a big deal where the strong only gets stronger.

We're looking at, pretty much, the incumbents in this space at this point are Disney and Netflix, and then there's everybody else.

It's very fragmented with all of those different streaming properties.

It makes it very, very difficult for them to operate

They can keep on doing what they're doing, but that doesn't mean it's going to be attractive from an investing perspective, and they're not going to ever really be able to exercise the same level of pricing power unless they have some kind of differentiation.

A time ago, I would have said maybe that was live sports with Peacock, but we're already seeing

I mean, you've got Disney, you've got now Netflix really trying to enter that live sports space.

Let's not forget about Amazon and their streaming business as well.