Netflix Opportunities and Anxieties, Merger Hurdles to Come, Hollywood’s Endgame and What Comes Next

Bullish:

• $GOOGL - YouTube has structural advantages over Netflix with zero-cost content model and dominance in TV viewing minutes, creating superior economics for Google

  • “YouTube is absolutely a competitor for Netflix and I'm willing to go to the mat fighting with you about this point... YouTube owns that supply... they get their content for free.”

    Ben·10:51

Bearish:

• $PARA - Paramount's hostile bid for Warner Brothers is irrational and destructive, representing a desperate move that will likely fail

  • “There's no rational world in which Paramount, a $15,000,000,000 company or whatever it is, making this purchase makes sense. Like this feels like everyone worried about time order. Is like a way to like light everything on fire and destroy things further.”

    Ben·45:09
• $TRADMEDIA - Traditional media faces permanent structural challenges with the destruction of mid-budget movie economics and fundamental changes to the Hollywood ecosystem

  • “The market for mid-budget movies has been more or less destroyed... the ecosystem in Hollywood looks completely different than it did even ten or fifteen years ago.”

    Andrew·18:42