Buy or Die

In the final episode of the year, Josh Brown and Michael Batnick host Bill Cohan to discuss the potential merger between Netflix and Warner Bros. Discovery (WBD). Cohan, drawing on his M&A background, shares insights on the deal's complexities, the motivations of key players like Zazz, and the potential regulatory hurdles. The conversation explores the financial implications for Netflix, Paramount's possible counter-strategies, and the broader impact on the entertainment industry, including the future of movie theaters and content creation. They also touch on the influence of figures like Larry Ellison and the potential role of Middle Eastern investors, as well as the regulatory environment for large banks. The discussion concludes with speculation on the likelihood of the merger and its potential effects on Netflix's stock.