Underneath the narrative, the main plotline is the end of Hollywood’s already ailing business model built around scarcity and cable economics. That’s why the big winner of this deal, no matter who ends up owning the asset, is David Zaslav, the consummate Deal Guy. Netflix owning Warner Bros would be a fitting end, as streaming upended the reliable bulwark of Hollywood’s business model and firmly put tech in control.

Plus: The social stigma of AI-generated content, Kalshi’s uninspiring mission to financialize everything, Marco Rubio’s war on woke fonts, Shopify’s agentic commerce play, a new Scorsese documentary, and sad SaaS-vertising invading the NYC subway.