Joe Flint

That it needs to be looked in a more narrow fashion of subscription video service providers

Paramount kind of dismisses the idea that TikTok or Instagram can be seen as competitors in the streaming world.

David Ellison said, look, that's like Coke tries to buy Pepsi and the deal gets approved because Budweiser is seen as an alternative to Coca-Cola.

it's not and he said you know the next maker of game of thrones isn't going to go to instagram or tick tock to make their show they're gonna go to a hollywood powerhouse so that's going to be really what the thrust of the argument will be there will be other issues too about the consolidation of movie studios and what that could mean for the theatrical business what it means for creative talent

But those are issues both companies are going to have to answer.

So it really comes down to defining what the streaming marketplace is.

I think it's both those things.

I think some would argue in many ways Netflix has already taken over Hollywood or at least radically changed the landscape out here.

But Hollywood is always, even now, all these years later, a little distrustful of Netflix.

They're still seen as a disruptor.

So Netflix, in many ways, already is the big force out here, and that's why so many people are a little bit scared about them even getting bigger with Warner.

And that leads to the next question about the future of Hollywood and which way Hollywood will go.

Pretty much, yes.

Warner has 10 business days to respond to Paramount's offer.

So we have to see how all that goes.

plays out and that's kind of what we're waiting for next and also just in theory it netflix could try to come back with a bigger offer if if

warner were to suddenly change its mind conversely if netflix feels are getting into a bidding war that they don't want to be in or this is just too much of a public uh battle that's not necessarily their style maybe maybe they would walk i i don't know but that's you know those are the questions we'll all be waiting to see answered hopefully in the next few weeks

Well, eventually, I mean, if Netflix is successful, they will have an even bigger library of TV shows and movies.

And with Paramount, same sort of thing in terms of building up a library and a stronger streaming product.

any one of these deals takes one buyer out of the marketplace really even if they say well we're running it separately and everything no it's all part of the same company so that's always a concern just to have fewer places to shop your products to it gives someone more control to set pricing i mean one of the reasons netflix is sort of viewed still you know warily by hollywood is when they came in and started making original programming of course they threw money at everyone tons of money