Jennifer Huddleston

Thank you so much for having me.

And you're right.

One of the things we're going to see in this conversation is how do these 2023 guidelines potentially play out in this case?

And what does that mean if such ends up in court, as well as what does that mean for any challenges?

One of the interesting things is going to really be around this question of market definition.

What is the market that these two platforms are potentially competing in?

And what does that mean for the actual average consumer?

Is this online streaming subscription services?

Is this some kind of bigger attention economy issue?

Or is this something specific about the amount of time individuals spend on any type of entertainment as it goes about?

I mean, we can certainly hope so.

U.S.

antitrust law is supposed to be based in the consumer welfare standard, which means what regulators should really be looking at is will this merger or acquisition harm consumers in some way?

Will it negatively impact prices?

Will it negatively impact the ability to have products?

to have a certain quality or certain other elements that really should be based on sound economic factors.

This shouldn't be about a subjective idea of how many players should be in the streaming market.

It should really be focused on this question of are consumers going to be harmed?

Are consumers going to be worse off if they have this combined company as opposed to two separate companies?

I mean, that's certainly going to be a question depending on the nature of any particular transaction.