Matt Belloni

But Elon wants to make everybody a Starlink customer instead of broadband.

But remember, Universal has the theme parks.

So that would be synergistic with the Warner IP if they were to get it.

Now, Warner IP is tied up at Six Flags.

If you go to your local Six Flags, there's like a Superman coaster, things like that.

But presumably there would be IP plays that Universal could use in the parks and ultimately transition all those heroes over to the Universal parks, which is a big business and growing for them.

Yeah, but there is a lot of overlap in those customers.

I mean, most people who have HBO also have Netflix, right?

Oh, of course.

I mean, HBO is still the best brand in television because it stands for something.

Netflix stands for many different things to many different people, and it's dependent on the algorithm, and it just means television, which is great for Netflix because it's allowed them to grow to more than 300 million subscribers, but it doesn't mean what HBO means.

You and I both give a show a chance on HBO because it's HBO.

When we would not give that same show a chance if it was on CBS...

Or if it was on even Netflix.

But perfect example is The Pit.

Did you watch The Pit?

But The Pit won the Emmy this year for Outstanding Drama Series.

The Pit is a fairly conventional, extremely well done, fairly conventional medical doctor show.

If that aired on CBS, no way it wins the Emmy.

No way it even is nominated for the top Emmy.