Riley Griffin

And some people didn't like how much cash the company was burning, but they've really turned that credit profile around now.

So now the company's rated investment grade that allows Netflix to tap into a deeper market, more

investors here, and they have to raise a lot of debt to finance this acquisition of Warner Brothers.

Bloomberg Intelligence estimates that right now they have about $15 billion of debt.

That's going to about $75 billion, given the current terms here.

But what we're hearing from a lot of different credit analysts is that Netflix has the balance sheet to fund this.

So it's a turnaround story here.

They are debt flicks.

It's a fun term.

I wish I could take credit for coming up with it, but I did not.

But again, here it's investment grade debt and it's debt that most analysts are confident Netflix can actually still keep that investment grade rating.

And it can actually even potentially raise more debt if need be to top that hostile takeover bid because that balance sheet is so strong, Ed.

So that's why we created The Big Take from Bloomberg Podcasts, to give you the context you need to make sense of it all.

You'll hear from Bloomberg journalists like Matt Levine.

Amanda Mull, who writes our Business Week Buying Power column.

Very few companies who go viral are like totally prepared for what that means.

And Zoe Tillman, senior legal reporter.

Courts are not supposed to decide elections.

Courts are not really supposed to play a big role in choosing our elected leaders.

It's for the voters to decide.