@PhillipsRelic Have to think Burns is saying Sony, Comcast and Netflix. It's hard to picture Apollo paying 'full price'. Maybe they can take 3arts and TV for the value of the debt. I would guess Sony would pay a fortune for the library unencumbered.
@PhillipsRelic When do you think we will get a definitive agreement, if one is coming? Do you think there is a bidder that will get close enough for Rachesky to say yes?
@PhillipsRelic Public valuation seriously underestimating how much corporate fat will be cut after sale. The underlying cash flow is there. The annuity value of the library is masked.