The bidding war for Warner Bros. Discovery is over…for now. Netflix shocked Hollywood by announcing a deal to acquire the storied studio and its crown jewel, HBO Max, beating out a massive $108 billion hostile bid from Paramount.

But in this episode, we argue that the $87 billion mega-deal is nothing more than a desperate move by Hollywood to consolidate power. David Zaslav’s WBD was a "fiasco," and the merger of "prestige" content like Succession with Netflix's data-driven content has the industry freaking out. The real threat to Hollywood isn't a rival studio, but Silicon Valley. We explain why Netflix and Paramount are fighting each other while the true watch time beast is YouTube and TikTok.