John Skipper

We will not be paying a middle company to –

take our games, we'll take them all, we'll get all the ad money, and we'll get the subscription money, and we'll be in charge of our own destiny.

It's still, David, it's a fun conversation to have.

It still would require extraordinary execution.

to get that done.

And I'm not positive you would have ended up in a better place.

You make a credible argument that that asset could have changed the trajectory of the league.

But it's not certain.

Bob was pretty good at executing.

But leagues are good at governing.

They're good at managing certain things.

It's a hard thing to manage an organization that has that many, that has 32 players

board members, or 30 or 28 board members, who actually do show up to the board meetings, do argue with the executive.

We were laughing before about what is the board saying at WBD?

The board at WBD is mostly going, David, what do you think we should do?

I've been in lots of board meetings.

I don't know who has a board that really holds their feet to the fire.

Europe, you have it much more than the United States.

The United States, the governance of public companies is pretty woeful.

And for the most part, they're controlled by the CEO until somebody gets unhappy with them and they'd run them out and hire another CEO who then stacks the board with their buddies and friends.