Nicole Sperling

And what's interesting is Netflix has always admired HBO and thought it was the gold standard that they wanted to emulate.

So you could imagine that they will try and preserve it in the best way possible.

But then once they realize how expensive those development processes are that they engage in in order to get the kind of prestige content that seems to beat them every year at the Emmys.

They may not be as encouraged to spend that kind of money in order to make the few great shows that do win those prizes every year.

I mean, Netflix wants both.

They want volume and they want quality.

You know, it's very clear that they're still in the awards game.

The Golden Globe announcements were this morning and they were bested by Warner Brothers.

So, I mean, they have a big...

awards operation.

It's something they still believe in a lot, but they also want to make what's best for you.

What they've always said is they compete with sleep.

They want you there as often as possible.

So they will give you Wednesday.

They will give you the diplomat.

They will give you a variety of programming just as long as you stay on that service.

The problem with that scenario is that we have an unpredictable president who's inserted himself into this process.

Exactly.

So I don't know how we can use past as precedent right now because I just don't know what's going to happen.

I just think I'll hold and not bet on that either.