Matt Belloni

If they're real about this, if they are not just going through the motions to raise the price, if they think that they need this, then there's something going on at Netflix that we don't know about.

If they think they need this, because all signs point to a lot of growth potential.

Margins are great.

You know, they have good shows, good content.

Like what's going on there?

They feel like they need the HBO library this badly.

I've been a little more forgiving on that one.

I think that it's a little underrated what they did get.

And we talk about Disney in a little bit of a different light since they did buy Fox.

They would have scale problems and they would perhaps be in more of a Comcast situation if they did not have all of that content from the FX networks.

They wouldn't have Avatar for their theatrical slate.

They wouldn't have the X-Men and all of those Fox Marvel properties that they're going to exploit for the next decade.

There's a lot of stuff that they got from Fox content-wise.

Now, did they probably overpay?

And did it load them up with debt that may have made them unable to do other things that they should have done, like buy a video game company or do some of these other things?

Maybe that's a better argument.

But on a pure content play, they did get a lot of stuff from that.

Could have bought electronic arts.

They could have bought a number of other things that would have been potentially additive to their business long-term.

Well, this is the opening shot of potential litigation.