Michael Barbaro

And when you say clean in your pocket, it's not borrowed?

In other words, Paramount may be making an argument, who knows how compelling it will be, that what the world really needs is a bigger streaming rival to Netflix?

Got it.

And therefore, this is not anti-

Competitive.

Competitive.

So I'm curious, as a consumer, I think one of the curiosities we all have is which one of these companies, if they were to prevail, would make better stuff?

Netflix is now kind of famous for a formula in which you get lots of stuff, but some of it ain't so good.

Some of it is good.

Some of it's really good.

What happens if they win?

What happens if Paramount wins to the quotient of really, really good and garbage?

Right.

Right.

Game of Thrones does not come cheap.

That's just a reality.

So, Carl and Nicole, what you're both saying, I believe, is that if you're Netflix or Paramount, you have some incentive not to pay top dollar for prestige television anymore.

And that, of course, would be sad for those of us who grew up watching not just Game of Thrones, but Sex and the City, The Sopranos.

I'm on my seventh full series rewatch.

So that would be sad.