Julia Alexander

And even that is like a huge question.

That is like, is this even part of it?

It becomes further unclear as to why this is the deal to make.

And I remember thinking about this.

I was talking to an analyst.

And I was like, you know, if I had $110 billion in cash and I do not, if I had that, I would be looking at Epic Games.

I'd be looking at Roblox.

I'd be looking at other areas where there seems to be deep levels of engagement and deep level of young kind of consumers.

Let's say they're emerging kind of.

15, 16 plus consumer base, where you've got a lot of brands like FIFA who want to partner, Disney who wants to partner with Fortnite.

I don't know why I would be spending all my efforts on Warner Brothers Discovery unless I was...

Unless I deeply love my son and this is what my son really wanted.

He wanted to do this.

And if that's the basis for why Paramount is upping their bid and kind of acting so dramatically in public about it, that should be far more concerning to shareholders than anything else.

I think the Netflix deal includes some kind of optimism for the future of what that could look like.

And I think the Paramount deal is a last ditch effort to cling to relevancy.

I think shareholders know that, especially shareholders who have been, by the way, with WBD this long.

There was a lot of exit points that they could have taken and just said, like, I'm going to get rid of this.

I'm like, I'm not going to be here.

Obviously, many of them hoping for, like, a big sale in this kind of moment.