Netflix's Smoke and Mirrors

The number that advertisers care about is how many people are watching. How many people have subscriptions? If you have one account and 10 people are watching, that's great. That's 20 eyeballs. And so we're going to talk, I mean, they said this in the rock fronts, we're kind of speaking in terms of speak to advertisers. Netflix would really actually love for people to go there, even if it's cannibalized,. Even if they lose a subscriber on the ad-free tier, then it works out in their favor. We don't really care whether Peacock or Paramount+ will remain ad-free because we often use them all together.