Matt Belloni

Yeah, they don't look up.

Had Leo and Jennifer Lawrence, similar type situation.

It was an Oscar movie that had two big stars that they could put on the tile, and that movie did really well for Netflix.

But then again, Maestro didn't do great for Netflix, and that had Bradley Cooper.

So they've had star-driven movies.

And I think that's how the analogy of, you know, thinking you can do no wrong.

The analogy for Spotify there would be,

Let's just buy up a bunch of podcast studios and pay a bunch of stars to do podcasts because we're freaking Spotify and we're making so much money.

We don't know what to do with it.

And look at that.

The ringer worked.

And then what else?

How dare you speak of the Royals that way?

No, they absolutely put a flag down in the podcast space.

Yeah, my point is they overspent on an area that they were confident enough to go into because of all the success they had.

It did, absolutely.

But then the Netflix situation right now is, are they doing the same?

Are they about to drop $60, $70 billion on a theatrical-oriented studio and a streamer that is overlapping with what they already have?

Yeah, about 85% cash, we are told.

and then the rest didn't stop.