Matt Belloni

He loves the spotlight.

He wants to stay at this company so badly.

He loves that he gets to have dinner with Charlize Theron and a bunch of people at his house.

He wants to stay there.

And Netflix, from my reporting and others, they're saying, yeah, you can stay at Warner Brothers.

If he splits this company as he wants to and turns down Paramount and splits it and then sells off the studio separately, he gets to stay in that chair longer.

And there are other incentives involved that Paramount is referencing, and I'm writing about in my Puck newsletter, that suggest he is doing this to keep himself at the company.

Not saying that's true, but that's the suggestion at least.

And if that's the case, that may not be in the best interest of the shareholders.

Yeah, they have March Madness.

They would have some baseball.

They'd have the Savannah Bananas that we all love.

They do not have NBA.

They do not have football.

So the big two are not coming with this deal.

But Netflix is already getting some football.

They are.

Yeah, or some problem that we don't know about, that growth is lagging or they're seeing engagement on their existing content or they feel like there's a cap on how big they can grow with the current assets they have.

I don't see that one.

I know, I know.