They're going to go straight back to cash burn once production ramps back up. The only reason they were cash-flow positive last year was because of the production shutdowns.Well, Netflix just finally got out of borrowing money to becoming sustainable, and they are around 204 million subscribers I believe.
Q: Michael Nathanson: Whats the stats on Soul and Mulan? Hotstar churn?
A: Bob.. Soul -- huge hit, helped retention.
Mulan was successful since we're doing the same with Raya? (??) But no deets how it did financially. It helps with flexibility.
Q: Black Widow???
A: Bob.. we're staying flexible. We intend to be theatrical but, who knows? Flexible!!
A: Christine: Hotstar cricket... Hotstar has a lot of local content. Year subs were a bit of a loss leader.
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