Let's go into this Netflix Warner Brothers situation.

What's your thoughts?

I think it's really fascinating, going back to the debt conversation.

I don't know what the parameters were, but my first thought was as an executive,

is I'm happy, I would be happy to not have to service a $90 billion debt bill.

Like, just hypothetically, if the debt was 2%, what does that payment look like?

There's a lot of conversation about if Netflix should have forced their way into a bid,

but sometimes the best investment is the one that costs so much

that is going to be a burden or headed to you. And also, too, I know Larry personally guaranteed

the debt, but I want to ask you guys being the media moguls that you are, is this investment

in linear TV worth it? I get the the swath of companies

being bundled together this reminds me at a big short when you're having credit default swaps

put together in a bucket it's like a media index fund they put together but in linear television

is that worth what they pay for it so i i think it's a

win for netflix but i want to get you guys perspective on the media side should they have paid this

much and was netflix smart to stay out of this deal um a couple things i think what was that wednesday shot he tried he came over to my house

i said look i typed up this this piece you know about netflix and warner brothers i think

they might walk away from the deal today i was just like i just the way things were looking

the the four days you know david Ellison being at the State of the Union, Ted Serenos being at the White House the next day. I'm just like.

Yeah, threatening Susan Rice, if you guys get the deal.

It just felt like all those things were happening. And then, you know, it reminded me of the conversation we've been having all 2025 about Larry Ellison

and the fact that he is one of the wealthiest people in the world that doesn't have a quote-unquote form of media.

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