Nick Martell

All the movies and all the movie tickets Americans buy was only $9 billion last year.

And the NFL's $10 billion is almost equal to the $11 billion we spend on music streaming, vinyl records, and music downloads.

Now, we don't pay the NFL's TV prices directly.

The five TV networks do.

Oh, but Jack, we do pay them ultimately, don't we?

Because the biggest expense of a media company these days isn't their wages, their rent, their equipment, or their AI.

It's their sports media rights.

Hey, you remember Netflix's latest price hike?

What do you think about that one, Jack?

It was probably to pay for the latest NFL deal.

You see, besties, the NFL is making so much money right now, it might lose its free pass on antitrust law.

It might lose its monopoly exception.

Because Americans now pay more to watch the NFL than we pay for movies.

Jack, can you whip up the takeaways for us to kick off the week?

An investigative journalist is 99.5% sure that Satoshi Nakamoto is a British cryptologist.

But knowing who invented Bitcoin could actually be the worst thing for Bitcoin.

For our second story, Unilever acquired Groon's Vitamin Gummies to boost their new wellness division.

Because instead of R&D, big CPG does M&A.

And our third and final story is the NFL.

They're being investigated by the Department of Justice for allegedly abusing their antitrust exemption.