Lou Whiteman

In 2013, Netflix co-CEO Ted Sarandos said, the goal is to become HBO faster than HBO can become us.

Spoiler alert, or what is this?

Is this a surprise ending or something?

They are going to become HBO in a weird way.

The first reaction is, wow!

I think it makes sense.

I can't help but make the stupid joke about 25 years ago, there was a market-defining deal where the target had Warner in the name and it marked the top.

I think this is different though, because I do think that AOL might have been coming from a place of desperation.

Netflix sees an opportunity here.

Netflix sees, I think, an amazing opportunity to get a great content library in a world where it's getting harder for them to license because everybody has a competing product.

Nobody wants to give Netflix their content anymore.

Yes, it's a lot of debt.

Yes, it's a lot of risk.

Yes, we'll see what regulators have to say.

But this makes sense.

And I think as a consumer, I probably like this outcome too.

So there's a lot of wow here, but I think a lot to like.

Definitely true.

I would say, though, it matters what you buy.

I see more logic here.