Nikesh Arora

The Mandalorian costs $265 million all in, and it's made 247 million right now.

So it's like, it's super hard to make a big blockbuster movie like that.

And, you know, even Markiplier making something like he made independently for under $5 million, you know, is pretty incredible.

I think animation will be the other space outside of horror and it's already happening.

The Amazing Digital Circus is a great example from an animation studio called Glitch.

You know, their first few episodes crossed half a billion views of Amazing Digital Circus.

They didn't know that was going to happen, but it did and a community, you know, gathered around them.

I think horror and animation and anything video game adjacent works really well on YouTube.

Yeah.

I think some of the other stuff is harder.

I think that stuff may emerge more on like Instagram and TikTok and whether it can be adapted into feature length stuff, I think will be up for debate.

But I do think both things will happen.

I think YouTube will be looked at now as a real incubator of IP and a real incubator of talent.

And I think that's always been like a concept, but it was never like, like, I think when you meet with Hollywood execs, they're like, yeah, but we can't make any money off of it.

Like, yeah, they can make money through brand deals and a couple million bucks here and there, but we can't make real money.

These movies have proved you can make real money.

And so I think that's where both things will be true.

I think creators who upload to the platform and incubate IP

Backrooms was found by a 27-year-old, basically, staffer who was just poking around and seeing what was going on on YouTube and Reddit.

I think that will be... Everybody will have a young person just perusing Reddit and YouTube to go, what's catching?