Mike Schur

Every time they would release a statement that said, like, we turned a profit of $400 million last year, they would also announce, and we're investing $12 billion in content.

And then they would be like, this year we made $1.2 billion.

We're investing $20 billion.

And, like, they just had ambition that was far beyond anything that anyone could understand.

They were satisfied only when they are the only company.

And so this acquisition...

of the library of warner brothers and all of the ip that it controls and all of the movies they release and all the tv shows and all the franchises harry potter and the flintstones and batman and everything else that is part of this that is the latest move in their quest to essentially be the only entertainment company that exists in the world and that's cool

Okay, so this is my next point, and I'm sorry to ramble so much, but this is top of mind for me and pretty much everyone else out here.

This is the thing that everyone needs to understand, and this is true whether the winner of this is eventually Paramount Skydance or Netflix or anything else.

When companies at this level in this industry merge, it is bad for everyone.

And I literally mean everyone.

It is bad for writers and actors and directors and crew members who work on shows and movies.

It is bad for the executives who work in these companies because many of them are about to lose their jobs one way or the other.

Like these are the right-sizing, efficiency, redundancy kind of buzzwords that you always hear.

There's a person who's the executive VP of development at Warner Brothers.

There's an equivalent person at Netflix or Skydance Paramount.

And when the companies merge, someone gets fired.

It is also, and this is really key to understand, it is terrible for consumers.

People who just like to watch things, people who watch TV shows and movies, it is terrible for you because A, less stuff will get made.

And B, the stuff that does get made will be the same as all the other stuff.