00:00 Brooke
when you think about just the market share that they have right now, both of these entities, and you size it up against Netflix or even Alphabet’s YouTube, Google’s YouTube, you think about that and the sheer market share that those two players have within the system, it certainly does make it a direct competitor. However, as you mentioned, I mean, this is definitely getting some pushback. We heard from 12 states who are essentially saying that they are are not going to approve of this deal. They’re putting up against it. There’s $110 billion mergings merger saying that this would cause higher prices, lower quality, less content. And now you also have the Writers Guild of America saying that this would ultimately impact writers, saying that writers would be paid less and have fewer employment opportunities. And so, yes, on one side is the size of this going to help it be a better position within the competition right now. But on the flip side, will this ultimately impact writers? Will this impact consumers at the end of the day and just how much they’re going to then pay for this super-sized streaming service?
01:27 Speaker B
Patrick, what’s the best way if one is is so intrigued at getting into media, I mean, the whole space is being upended uh as you can imagine, is it trying to get in on the ground floor of a combined company like a Paramount and Warner Brothers or is it a Netflix you’re buying? I think the stock is down 40% over the past year. Uh do you go that way or do you lean into a company like Alphabet uh that has of course Gemini and everything it’s doing on AI, but real to real, like uh the real growth juggernaut for them is YouTube, like Brooke mentioned.
02:00 Patrick
We wouldn’t buy any company based on streaming alone. Out of that mix, we would definitely go towards Alphabet because of all all the other levers you can pull, such as search, AI. Um, streaming’s been a very competitive business for a long time. There hasn’t been a very clear winner as of yet. Netflix has done extremely well in the space. Um, we are excited about sports within streaming. That’s for sure. So the the NFL is now coming to Netflix. It’s been on Amazon for a while. We would rather own pieces of the NFL or the NBA and all the content outright rather than any one streaming service.
