Netflix Will ‘Scale Up' as Needed With Warner: Gallagher

I was taking a look at Bloomberg Intelligence, their report out. They crunched the numbers and basically this deal, it's 24 5.2% times forward. If you think about recent studio M&A, it's closer to a range of 15.2% or 15 to 22 times.So you could make the case that this looks expensive and I wonder where you fall. I think everyone needs to keep in mind that Warner's value inside Netflix is exponentially larger than what it might be on a standalone basis. People are valuing the Warner asset as it is today, not ...