Nilay Patel

I'm not sure.

Based on the industry, maybe no one does.

Do you have to be on Game Pass to get distribution?

Is all the money DLC?

Is it...

Are we just going to do prediction markets and video games?

How do these things make money over time in a way that's sustainable?

I want to wrap up by just talking about the relationship between these franchises, these brands, all this IP, and fandoms.

I have this joke in our newsroom right now that copyright law doesn't exist anymore.

It's just a framework for business negotiations.

But then you go out on the internet and it's just everything's all for grabs all day long.

And you can open Instagram and you can see literally any cartoon character punching any other cartoon character in the face.

And it's just like, I don't even know what's going on here anymore.

There's a part of that that maybe is bad for business, whatever.

There's a part of that that's great for individuals because you get to participate more.

And there's a part where the creators have totally lost control of their creations.

Where do you stand on this?

Do you feel like the fandoms have an appropriate amount of authority over your IP?

Do you think you need to take some more back?

Do you think OpenAI has just stolen it all from you?