But consider the counter-example: Hulu's failed IPO. The idea that these assets are available for sale is an assumption, not a given. The uncertainty of this as

But consider the counter-example: Hulu's failed IPO. The idea that these assets are available for sale is an assumption, not a given. The uncertainty of this assumption killed any chance of a Hulu IPO. The TV/film assets are protected by <copyright as monopoly>; and if they can be monetized outside of apple, they will be. That is pretty much in line with the observable data to date.