Joe Flint

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

Then once they got all the talent, of course, then they started the belt tightening.

Suddenly it's like, yeah, no, we're not making it rain anymore.

So that's always a challenge for the creators, writers, producers, actors, just fewer people to play off one another.

There is so much uncertainty about where the audience is going and how best to capture that audience and advertisers and the people who run these big companies naturally feel that they need to be bigger to compete.

A wizard and a thumping goodnight wager.

The Wall Street Journal's previously reported Paramount has made offers for Warner Brothers Discovery, and they have now made two offers, both of which have been rebuffed.

Warner Brothers Discovery issued a statement this morning saying they have received interest from multiple suitors for some or all of the company.

They're not disclosing who the suitors are.

There's a round up the usual suspects list going around the industry.

The others are very likely more interested in the Warner Brothers studio, library, and

The chairman of the company issued a statement this morning saying the split is still the preferred option of the company.