> There is zero reason to think that a tech company can create content better than anyone else — which is the only way anyone knows of to capture any future ad

> There is zero reason to think that a tech company can create content better than anyone else — which is the only way anyone knows of to capture any future ad growth. They have zero advantage over Disney. They are coming from a position of weakness — Disney already has significant TV ad revenue, and extensive experience in making content we love. totally agree. and, in November, we had this crazy agreement between Google and Disney for online digital ads: https://variety.com/2018/digital/news/disney-google-digital-advertising-deal-1203037372/ https://variety.com/2018/digital/news/disney-google-digital-... I gotta wonder what kind of terms Disney squeezed out of Google for this.