Joe Adalian

uh at the level of disney plus hulu there is some win for consumer in that you know you will be able to more easily access the shows you want you might be able to get track keep track of them and maybe in the short term you might even pay a little bit less depending upon what you already subscribe to other winners you know in the short term

Oddly enough, Netflix, even though Netflix lost this deal, in a way, they've won because as part of losing the deal, David Ellison has paid Netflix almost $3 billion, sort of as a consolation prize.

And they've also gotten a look inside Warner Brothers books.

They've sort of gotten a better sense of how Warner Brothers businesses worked.

It's certainly an ego loss for them.

But in terms of long term, investors like the fact that they didn't get burdened by future debt and this big company.

And, you know, they can sort of also be there if the merger fails in five years.

Maybe they pick up Warner Brothers for cheaper.

No, it's not.

I mean, you know, it's doubtful the Trump administration is going to throw up many roadblocks at this, unless they think of some new ways to sort of extort something out of the Ellison family.

You know, but they're pretty close.

But there are scenarios where the California attorney general and other attorneys general team up and...

file lawsuit against this, which they would possibly lose, maybe win.

But even if they lose, they could call for some changes to the deal or some guarantees.

We don't know.

So again, likely to close?

Yes.

Guaranteed?

Not at all.

Where are we going?