Oliver Darcy

That would be their film studios or their streamers or whatever.

But CNN is playing this outsized role because everyone wants control of CNN.

Donald Trump has an opinion, obviously, on who's going to get CNN.

Netflix doesn't want CNN.

David Ellison very much does want CNN, and I suspect

that that's an argument they're making to Donald Trump that he should not approve or do everything they can to block the Netflix deal because

They should want Paramount to own it because look how nice we've been to you with CBS News.

Just imagine if we own CNN.

And so it's interesting that CNN's future is at stake, obviously, but it's playing this huge role in this much larger bidding war for these legacy assets.

Well, they can and they can't.

I mean, they have a fiduciary responsibility to shareholders to get them the most value for these shares.

And so if someone is knocking with a really good offer, they have a responsibility legally to look at that offer and see whether it is really better than the other offer on the table.

They're arguing right now that the Netflix offer is actually a better deal for a few reasons.

One being they think that they're skeptical of whether David Ellison has the money for this deal.

He's gone to the Middle East, you remember, to Saudi Arabia and to the Emirates and to

The Qataris to fund a large part of his bid to take over Warner Brothers Discovery.

So they're questioning whether he has the financing.

They're questioning whether this deal could get done at the end of the day.

There's a bunch of factors that they take into consideration.

So the bottom line is if David Ellison has a offer on the table that's way better than Netflix, they have to take that offer because they have a responsibility to shareholders to get them the most value for the company.