You are 100% right: I'm just saying their their business and distribution model is based on cable subscription. And that we don't know whether their math (and c

You are 100% right: I'm just saying their their business and distribution model is based on cable subscription. And that we don't know whether their math (and content they produce) will work if they switch to different distribution model. My assumption is that with changing distribution model they also need to change what kind of content they are producing. Anyway, I'm concern that death of cable will also mean death of HBO and their great content: as revenue from cable subscription start drying down, the revenue from other distribution channels will be too weak to replace it and then the death spiral starts....