Jason Moser

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.

I think you look at that trifecta with Disney, Amazon, and Netflix, and then there's everybody else.

I think the competitive landscape has just gotten a lot more difficult for everyone else.

Makes you wonder if those smaller competitors aren't behind the scenes knocking on the doors of Amazon, Disney, and Netflix and saying, hey, guys, you want to buy us, too?

How fun would that be?

Jason?

Lou, you stole my answer.

The smartest people in the room, I was going to say.

I think that, again, if there's any company that's going to be able to execute this type of an acquisition effectively, I think that Netflix is probably it.

They just clearly have a tremendous track record of success, some very smart people in the business.

Again, I think a brand that is just a bedrock of the home entertainment landscape.

I just don't see that going away.

Yeah.

I think Lou's right there.

It's a little bit of both.