Julia Alexander

They're obviously committed to the television side of the equation, and they produce a lot of really great TV.

No one's ever doubted that.

At the same time, when they first came in and they were the disruptors and they were disrupting the theatrical model and kind of how writers and actors are getting paid on the TV side of the equation, it was scary because people don't like change and Hollywood is especially antiquated in its approach to things.

And so they especially don't like change.

And then at the same time, you know, Netflix hit 10 years, 11 years of producing original content proved itself.

At the same time that Sam Altman came in and was like, we're going to take people's likeness and we're just going to let people do what they want.

And the next Star Wars movie is going to come out of Sora 2 or whatever.

And Neil Mohan is going out and saying, by the way, television is YouTube.

We're premium content.

Our creators make premium content.

We make up the vast majority of engagement on TV sets.

We know that 10 years ago, less than that, you were worried about anti-Semitic content on our platform, and now we're the future of TV partnered with the NFL and the Oscars.

But I think when you look at that deep concern about Silicon Valley's encroaching impact on the traditional media business, you have a lot of traditional media players who say, okay, well, who's our best bet?

Who's our best guy?

And the best guy at this point is Netflix and Disney.

And so if the fight is like, well, we'd rather Netflix...

have Warner Brothers Discovery, and that creates enough engagement to continue supporting the artistic community so it's not just Mark Rober and Mr. Beast on Netflix and Amazon, then we're going to support that versus the guy who we don't know can get this through.

I think it's whatever Bob Iger also thinks about AI.

And I think, well, maybe not, because I think Bob Iger looks at OpenAI and says, man, imagine if we didn't sue Google and YouTube in 2007, and instead we just asked for a stake in that business and what that would have become, kind of like AOL, Yahoo, and Google.

I mean, I would love to know what David Ellison thinks about AI.