Ted Sarandos

I mean, people forget that people die on these productions all the time.

And so these kind of things are making the business a lot more efficient with something.

And again, I don't think it's meant to replace any creativity.

I don't think it's designed for that.

And on its best day, it won't do that.

And if somebody says, well, what about if you need a script?

You don't need a script that's surprising.

You've seen these, you know, these Hallmark movies and these kind of things.

They want them to be predictable.

Well, the cost of the script for those movies, about 1% of the budget.

So it's not a gigantic savings for anyone to do that or pursue that.

So I'm actually much more excited about the upside and the potential of the technology than I'm worried about it's going to displace creatives.

I'm glad the joke portion is out of the way.

I was just hearing all about GLP-3s now, which is very L.A.

that we want the next thing.

Hairline away is all.

Exactly, exactly.

We looked at Warner Brothers as an asset, kind of a once-in-a-generation asset, a pretty big section of every movie ever made in that library, a really great production company that does television production.

We're one of their biggest buyers in that space, and a wealth of IP that we could develop into.

I'm very proud of the team, and I'm very proud of what Netflix does, but we've been doing it for about a decade, and they've been doing it for 100 years.