Lou Whiteman

They've done a pretty good job transitioning from a world where everyone was desperate to sell them their content because it was added revenue to nobody wants to sell them their content because everybody's got a streaming service.

They've done a good job adjusting to that, going to Korea, going elsewhere to find content, but that's hard.

I trust this management team.

It's the smartest management team in the business.

I don't think they would be doing this for empire building, doing it willy-nilly.

They know, yes, this is going to change our profile.

But I think, as a shareholder, or I'm not a shareholder, but if I was a shareholder, I would trust this management team

to set the course.

And they are saying, this is something we really need to make our lives easier, to make the company better, versus this would be fun to own.

I mean, there is risk here.

I think if you're a long-term investor, though, I do think Netflix, like I said, they have the best management team.

They have a huge, huge customer base.

I think if you've got a long enough time horizon and you're willing to ride out the volatility, I don't know when it isn't a no-brainer.

So I think if you're interested in buying, then yeah, I do think whatever happens in the next six months, a year, I like the chances of them making it work in the long run.

I'm going to focus on the shareholders.

If you're a customer, you either have it or don't.

But think about it this way, you very rarely see a company trade $8,000 upfront for $8,000 over, what, six and a half years or so, which is $99 a month.

You don't do this because you want to.

You do this right after Nvidia, at the Consumer Electronics Conference, came out with basically what looks to me like Android for autonomy, where instead of this closed system and everybody has to develop their own iOS, you suddenly have just a system that anyone can take on.

That changes the costs of the economics for everybody in the industry.