Tim Beyers

You're listening to Motley Fool Money.

All right, Fools, by now we've all seen the news that Netflix has agreed to buy Warner Brothers Discovery, ticker WBD, Netflix's ticker NFLX, in a cash and stock deal worth $72 billion, while also taking on a bit more than $10 billion.

in Warner Bros.

debt.

In light of the genre in which this deal exists, we're talking about big-screen entertainment here, we're going to play the role of critics and give a thumbs-up or thumbs-down on what we've seen so far.

No promises, but we will try to be a bit more Siskel and Ebert than Statler and Waldorf.

But you know what, Rick?

If you want to yell from the rafters that this is terrible, I am not going to stop you.

So, why don't we start with you on what we've seen so far, and then we'll update folks on what we saw from Paramount this morning.

If the deal goes through, sorry.

Well, that's a big one.

We're going to get to that in a minute here.

But on the basis of what we know so far, Sandmeet, I mean, Rick's giving it two thumbs up.

Where are you on this?

And remember, it's a $72 billion deal.

It's a cash and stock deal.

So, Netflix may be taking on up to $50 billion in debt to do this deal.

There's going to be a complicated spinoff.

If this deal goes through, they're going to spin off what they are calling Discovery Global, which will be some of the legacy media assets of Warner Brothers.

What do you think here?