Ted Sarandos

That's why they set the offer up this way.

That's why when we were bidding, we bid for the assets that were for sale.

No, as you know, the linear broadcast business is not something that we're interested in, but others are.

And I think when I look at the business, particularly those European networks, are not in decline the way they are in the U.S.

So it is not of our interest, but it's I'm sure of interest of many buyers.

Look, I have spoke to the president about the state of the entertainment industry.

We've had multiple conversations about how do we protect American jobs?

How do we keep the entertainment industry healthy?

What are those headwinds?

What are those things that we're working on to try to keep production up in the United States?

We are investing a billion dollars into a new state-of-the-art production facility at the old Fort Monmouth military base in New Jersey.

Obviously, the president is very keenly interested in entertainment, and he's very interested in American industry and American jobs.

So those are the conversations that we've had.

I don't know why the Ellisons intimate that they have some direct line to the Department of Justice for a faster path of clearance.

But I doubt that they do.

This is a process that is being run by the Department of Justice.

The president has been very clear on that.

We've been very clear on that.

The Department of Justice published in 2023 the guidelines for mergers that they're following right now.

So that's what's happening here.