Nick Chirls

Yeah, I don't think they're going anywhere. I think they're probably in too big to fail territory.

I think there's always another LP to replace those folks, even if they go away. I think they are big enough brands. There's enough money globally. Maybe a couple of them will go away, right? Lehman and Bear Stearns went bankrupt or got swallowed up by the others. But the big folks, the Goldman equivalents, Morgan Stanley equivalents, I won't name specific names.

I think there's always another LP to replace those folks, even if they go away. I think they are big enough brands. There's enough money globally. Maybe a couple of them will go away, right? Lehman and Bear Stearns went bankrupt or got swallowed up by the others. But the big folks, the Goldman equivalents, Morgan Stanley equivalents, I won't name specific names.

I think there's always another LP to replace those folks, even if they go away. I think they are big enough brands. There's enough money globally. Maybe a couple of them will go away, right? Lehman and Bear Stearns went bankrupt or got swallowed up by the others. But the big folks, the Goldman equivalents, Morgan Stanley equivalents, I won't name specific names.

There'll always be another dollar for them. So I don't think they're going anywhere. And I think this is our new reality. Now, I also think they provide an incredible opportunity for funds. Asylum would not exist without the big banks. Okay, so like the best comp that I often use, and we've talked about this, Harry, but I think the best comp is A24.

There'll always be another dollar for them. So I don't think they're going anywhere. And I think this is our new reality. Now, I also think they provide an incredible opportunity for funds. Asylum would not exist without the big banks. Okay, so like the best comp that I often use, and we've talked about this, Harry, but I think the best comp is A24.

There'll always be another dollar for them. So I don't think they're going anywhere. And I think this is our new reality. Now, I also think they provide an incredible opportunity for funds. Asylum would not exist without the big banks. Okay, so like the best comp that I often use, and we've talked about this, Harry, but I think the best comp is A24.

A24 could not exist without the rise of the massive Hollywood movie studios. They were built in reality.

A24 could not exist without the rise of the massive Hollywood movie studios. They were built in reality.

A24 could not exist without the rise of the massive Hollywood movie studios. They were built in reality.

reaction to that they were built as an alternative to that for creatives and artists and they did a few things right they gave artists full creative control they had a very clear sense of taste and they treated the artist like a actual human in stark contrast to the big hollywood movie studios they crushed it i think a24 has been the most successful studio in many decades

reaction to that they were built as an alternative to that for creatives and artists and they did a few things right they gave artists full creative control they had a very clear sense of taste and they treated the artist like a actual human in stark contrast to the big hollywood movie studios they crushed it i think a24 has been the most successful studio in many decades

reaction to that they were built as an alternative to that for creatives and artists and they did a few things right they gave artists full creative control they had a very clear sense of taste and they treated the artist like a actual human in stark contrast to the big hollywood movie studios they crushed it i think a24 has been the most successful studio in many decades

I'm actually grateful for the big banks in venture. I actually don't want them to go away because they actually provide our opportunity. They provide us an opportunity to provide an alternative to founders to that system. So artists have full control.

I'm actually grateful for the big banks in venture. I actually don't want them to go away because they actually provide our opportunity. They provide us an opportunity to provide an alternative to founders to that system. So artists have full control.

I'm actually grateful for the big banks in venture. I actually don't want them to go away because they actually provide our opportunity. They provide us an opportunity to provide an alternative to founders to that system. So artists have full control.

I don't think that's a problem.

I don't think that's a problem.

I don't think that's a problem.

I disagree. I've actually been thinking about this. We have not done this yet, but I've been strongly thinking through like whether or not we should just be buying common shares rather than preferred, like the vast majority of investors in the market. My view is that, as you know, there's a few that really matter.