YouSaid · the spoken record

Peter Kafka

lines on the record: 52
first: 2026-07-09
most recent: 2026-07-09
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“in some form, but I do think they get gutted quite a bit, right? It just makes it harder and harder if you are a giant Hollywood studio to justify the way you've been spending money, knowing that your competitors are now people who are spending next to nothing.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“I don't know about the end of Hollywood stuff. I know about, you know, we like to write narratives. That's a very exciting narrative. People who have a reason to pitch that narrative have a reason to pitch that narrative and obsessions and backrooms and isn't this exciting. People are also going to see the Odyssey from NBC Universal this summer. And that's a giant epic movie, right? There's going to be a new Spider-Man movie from Sony. That's a giant epic movie. Could you, in theory, finance that thing yourself and do it without making a study? Sure, I guess. But the record labels still exist, right? So there is something that some combination of capital and talent still allows these companies to create that the individual creator cannot. It seems like consumers want both of those things, not either or. So I would assume they exist.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“I mean, it's funny, Sony was supposed to be a synergy company, too, right? Because they had this electronics company. And, of course, there was never any synergy between Sony, the company that brought you the Walkman and Sony that brought you Adam Sandler movies. Just none. They just happened to be owned by the same conglomerate. Hey, they used to.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“It by selling it to different TV providers around the world and had buildings full of accountants running audits on how many times the video was played on NBC 5 in Chicago. That's all over. Like those economics are over and maybe this just needs to be a clean break. Is there a way out? Is this split the way out? Or is this we're all just shuffling deck shares?”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“The end of the day, Comcast was the company that best executed this strategy, that you would have a big Think it's coming apart because of internet platforms at large, right? Meta exists, Instagram exists, YouTube exists, people are spending their time in different ways that have nothing to do with the economics of Hollywood. I was just at Cannes. Everyone is talking about creators at Cannes. They were just invented yesterday because they're the future of marketing in some huge way. They're the future of audiences in some way. I spent more time listening to creators at Can talk about how they're spending more money making video than ever before. And I thought, oh, we're just doing Hollywood again, right? But it's because the ad dollars are there to be directly integrated into content they're putting on YouTube. Is this party just over for Hollywood? There's a part of me that says there's a whole generation of creators and creatives who came up in a different economic model. That model is ascendant and it is the only model that works. And Sony, being a company that made huge IP and then monetized”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Definitely something I thought about. I think that is a lot of bending. I think there are easier ways to make Donald Trump happy other than splitting your company up. If there's something you really want to get accomplished, I have thought about that, whether or not this makes it cleaner and easier for the Roberts family to maneuver if they don't have to worry about what Donald Trump says because they no longer own MSNBC or they no longer own NBC. What are the things he cares about? MSNB, he thinks about things that are on broadcast television and cable television. So there's maybe there, but I wonder if we're just doing 5D chats.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“That is always a possibility. And that is, again, a debate internally for them for a long time. And before all these companies went to do create their own distribution, to build their own Disney, they were very happy to be Netflix suppliers. They thought it was a great business because they were selling all their stuff at huge barkups. And Netflix were a bunch of dummies for buying it. And they realized what they had created.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“To buy those Big argument for all the big studios has long been whether they will be a supplier to platforms like Netflix or build their own distribution. Thus far, all the big studios have taken a run at building their own distribution. Paramount Plus Disney built Disney Plus. NBCU alone did not build NBCU. They built something called Peacock. Peacock is not as big as the others. As you said, they haven't invested in it as much as the others. There's a chance they just give up and they become a supplier to the Netflixes of the world?”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“I don't know what you'd buy. I don't really know what you'd buy. There's a bunch of cable networks available. No one wants to buy those. Do they go do transformational things? Do they do little tuck-in businesses? Again, if you talk diversant about how they're going to build their business, they talk about their online golf stuff where you can buy tea times, which, but they've been talking about that for literally a decade. So I'm not sure what these businesses you can tack on to the media business would be.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“There's already some noise about this. This is a different episode, but the Green Bay Packers are the center of this noise, the economics of the Green Bay Packers are. Tied up in sports rights in the way that you're talking about. Could NBCU be a buyer? Could they buy a bunch of other stuff that's available? That's what they're saying. Could they get bigger”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, the NFL is obviously religion in politics all wrapped up in one. And so I don't know how you ever get to a place where the United States government allows all of football to be only in one place. I think they want it distributed.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“My prediction, by the way, is that eventually YouTube just pays the money to have it all, right? They already pay for Sunday ticket. They're already the big NFL partner. At some point, they're just going to say, look, it's all on YouTube. The whole thing. We're just going to take the whole thing. And then the NFL will have to reckon with the fact that there's nothing next to YouTube that can compete the way that CBS can compete with Fox, can compete with ABC.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“One day it has to snap. One day it will reach a point where an NBC or an ABC or one of them will cry uncle and say, we can't do this. I mean, you already saw Warner Brothers pass on basketball, which is a much, much smaller sport. And it'll be a big fucking deal when one of those companies bows out one way or the other. And that will be a giant, giant, giant shift But we keep saying that and it does not happen.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Also, Fox paid almost nothing, maybe like $500 billion for the World Cup deal of the century for them, especially with the extra water breaks. That sports is the one thing that is immune to this. But even that's not really true because young people don't watch sports If you find a Zoomer and ask them to sit and watch a two hour game or a three hour football game, no fucking way. So this is one of those things where we keep saying the economics for all of us is not sustainable. It has to collapse. It has to have a reset. Year after year, we say this and year after year the rights for sports go up and up and up.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Well put, I don't know that they have an answer every time I hear them talk about it. It's the wrong answer. It is things like, well, if we make this in a format that works for phones, then people would pay for it, right? I mean, Quibby, but a million other things like that, right? And it's, no, it's not that no one can watch something on their phone. It's that no one wants to pay for the stuff that you have on their phone. They don't want to pay for most things. They can get most things for free. But that is why sports remains sports.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“And I thought the economics of this make no sense to me, right? You need to reach the young consumer on this platform for free. And who knows how you're monetizing this, or you're going to make the old people pay to watch it on TVs and your app, which they don't know how to download. And they have to go through some auth flow that is horrible. How does any of that work? Does that ever get reconciled? The kids are all going to watch TikTok for free. A big thesis on the show is we all have to reckon with the fact that there's an army of teenagers making content for free on Instagram and TikTok every single day and every media business has to just ignore it. Just ignore the elephant in the room that destroys their cost structure.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“It's funny, as I was watching the World Cup on Fox One yesterday, which is their big streaming app. They're very proud of it, streaming platform. You have to either pay for it or log into it with a kid.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“And really, the NFL, right? Like, I mean, CBS and Fox in particular kind of only exist are their primary reason to exist is to distribute football. Like Fox basically doesn't have any other programming. They have some reality shows and then they have football. That's what they do now”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, it's a thing. It's the sports piece that makes broadcast valuable. NFL is the big one. It's the World Cup right now. And the idea that you need big free distribution of sports that you control seems ascendant.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Same kind of money that their rivals have. I don't know what becomes of that. And the broadcast, man, broadcast is hot again, what you keep hearing from the Paramount folks is that, yes, they bought all those cable TV assets. They know that's not their future either. They're going to try to milk money out of them just like Versint is. But they really think that broadcast TV is a special thing. I think that mostly comes down to broadcast TV as a thing you can show football on. And that's super valuable. But they seem to think that is a very valuable asset. And again, there are only a handful of broadcast TV networks. They own one of them. Another way of putting it is there are only a handful of places where you can distribute NFL programming to all of America and they own one of them. Yeah, it's a thing.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“I mean, everyone I talked to Adverson has a good face, has a good game face that this is, we can invest in our own future and we don't have to worry about feeding the parent company. They all have the same hymn book. I don't know how much they believe it. I think you can make a pretty strong case that NBCU is a standalone company. Is interesting again, either as a standalone company or as an asset to be acquired by somebody else, you can't replicate that theme park business, can't really understand how big a deal that is, especially in a world where AI is going to be their future and people are going to want tactile experiences. Like that is a great thing to own. Studio is super valuable. Peacock is not really worked for them and they've been reluctant sort of throw.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“This is the down Welcome back. I'm talking with channels host Peter Kafka about the media half of Comcast's business empire We've talked about the broadband company quite a lot. Let's talk on the media company for one second. NBCU is a player. It has a sparkling brand name. It has the minions. It has the parks, as you've mentioned”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“So, that's like an interesting business school case study, right? How do you know this thing is happening? What can you do? How can you extract value out of it? Will this thing be a standalone company for X number of years or will it then get combined to something else? Will some version of bending spoons buy it for the digital glue factory that is bending spoons? The Comcast part of it is pretty interesting because for several years now”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Verset needs to be in a versatile you're buying a package of MS now and CNBC and the golf channel from us in five years right they know that I mean they might still have a segment of that just like AOL still had a dial-up business for years when I worked at A”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“I'm focused on the fact that this one company that had sort of intertwined economics Is splitting itself into three, and the economics are still intertwined. And I don't see how the pay TV business ever recovers. And if the pay TV business never recovers, the cable business adversant can't ever recover. And so everyone has to pivot away from their core businesses.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“There is any way out of that beyond just cutting bait because it feels like Comcast splitting off its access to vision, its broadband and pay TV division is a sign that that business is going away somehow or getting smaller somehow. And then Verson is tied to the economics of the pay TV business unless it can reinvent itself. All the cable channels are tied to the economics of the pay TV business.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“The podcast for each other this morning. Listeners should know that Peter and I share a lot of history covering these companies if it's not obvious by now. This is the greatest business model history. You get paid no matter what just because people subscribe to a subscription bundle of cable channels. That business is not just in decline for Versant. It's in decline overall, and you can see it because Comcast pay TV business is essentially in freefall. This is what's called cord cutting and it is just happening. Every single month it massive rates. I think they're at maybe 50% of their peak in 2008. They're like under 10 million pay TV subs. There's a lot of reporting. It's just YouTube TV is now bigger, which is wild considering how expensive YouTube TV is.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“In order to go invest in the new money that you might make on the new platforms. Versent makes a lot of money because people have cable packages and they get paid for CNBC and NSNow and whatever else regardless of what you are.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“That's granola.ai slash decoder to get your time back. Get three free months at granola.ai slash decoder. With business insiders Peter Kafka discussing the unbundling of Comcast. The reason I ask that is usually. Foot in each snow.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“There, the existing business we have is over here. We have to keep running that business, or we can't get to the new thing, and they usually get screwed. They usually can't figure out how to go to the new place while staying in the old place. That would require some kind of time travel, right? Or a foot in each canoe is the easier metaphor. So that is what Verson is trying to do. We have this existing declining, but profitable business. What can we turn that into? That's the pitch.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Like ATT did with Warner Brothers, which then prevented Warner Brothers from ever doing anything else after that. And we have not done that. That is true. If they really wanted to like really just make that a garbage disposal of a company, they could have done that. And then I had Mark Lazarus, the CEO of Ursinon. He is aware that his cable assets are declining and his goal is to build them up with something else, to take things that are declining, but they still throw off a lot of money. throw off less money each year. But the idea is while that stuff is still making money, can we go and find other things that will generate more revenue for us? You and I have been covering Comcast forever. The main thing I've done forever is watch old media companies try to struggle with new technology. And even when they can see the future, because some of them can't see the future, but eventually they all can sort of see the future. Okay, we know the future is...”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“What it seems like to me and anyone else from the outside, they go if you bought the stuff was valuable, you would have kept it. Comcast has two responses to that. One is, hey, if we really thought this was a piece of shit, we would have loaded it up with a bunch of debt.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“This is the reason they didn't spend any money on it. CNBC did a little bit better. They kept the NBC in the name because that's just a household brand that might be the biggest piece of that puzzle is that CNBC is still doing well. What is the future of Verson? If all the cable channels that were distributed on Comcast Network are declining, all of Paramount's cable channels are declining. It feels like that company has only one direction to go in unless it radically reconfigures itself for the internet.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Idea was they were spl How about Versent for one second? That was the first thing that split off. You can see that they were just trying to cut costs there. Maybe most definitively in the rebranding of MSNOW upon which they spent approximately zero dollars. The graphics package from that is straight out of Microsoft Paint. Like zero effort was put towards rebranding MS now. This thing is just going to take your word.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Feels like an obvious next step. So, first of all, like you said, the Comcast folks have been asked about this and said, absolutely not. We're not selling. We're not selling. We're not selling, which can be absolutely what they mean. And it can be absolutely what they mean up until the day they decide to sell one of those assets. There's tax implications that make it difficult for them to go and turn something around right away. So they might end up holding these things for some period of time before they decide to sell them. I think it's worth noting that if you're a Comcast shareholder, you're going to own 20% of this spun out company.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Kind of brings us to the immediate question you're going to turn Comcast from one big company into two smaller companies is this designed to create value by having those smaller companies get bought themselves further split up it seems like all the executives are saying that is absolutely not the plan but it feels like an obvious next step”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and they bought it cheap, right? They bought it cheap from GE, again, conglomerates, love media coins. And why did GE own a media company? What did they have to do with GE Finance or any of the industrial? Nothing. They just wanted to own a media company. And they concluded that wasn't helping them either. So they spun it off at a fairly cheap price. And again, Comcast can say that deal has worked out well for us on our P&L. It just has not rewarded. The shareholders have not rewarded us for it.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“You and I stayed in business, but it is funny that ATT telecom company is more like a tech company on its face than a media company. And they chased a tech company evaluation by investing in media. And it feels like maybe Comcast wanted that same thing and they actually got the benefit of running a media company people liked.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“They had so many great deals. Did that friends reunion with poor Matt Perry all drugged up? And sorry, that's actually kind of grim story. We shouldn't get into that. They generated a lot of entertainment for us, so that was good. So give them credit for that”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Two things there. One, it's funny because Netflix is fundamentally valued like a tech company, not a media company. So everyone feels very confused about that just from the jump. And second, AT&T might have been more responsible fundamentally the thing they did was they gave Zack Snyder millions upon millions of dollars to make a grayscale version of Justice League in 4-3, which is just one of the all-time funniest telecom company investments in history, I think.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Wall Street, we don't value this asset, you want it all? We don't care about this giant media company you own. We only care about your broadband company. They finally said, okay, we will take you at your word, Wall Street. We'll split it up. And it's that simple. And why they stuck it out for 15 years? I mean, we do make fun of AT&T buying Warner Media and ditching it a couple years later. At least with AT&T, you can say they looked around and said We thought we'd get rewarded by Wall Street for this deal. The real, you know, they had this synergy plan for the AT&T Warner Brothers Discovery, but the real answer was we thought if we owned a media company, we would get valued like Netflix is valued. And Wall Street, again, did not value, did not reward AT&T at all for that deal. And they turned around and said, all right, let's just get out of here. And so you could argue that AT&T behaved more responsibly than Comcast did. And Comcast would argue.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Great question. Comcast is a publicly owned company, but it's really a family owned company. It's the Roberts family. Like a lot of these big media and now tech companies, they are essentially family-run companies, even if they're publicly traded, as the New York Times. That used to be Viacom. It is now paramount. We can keep going down the list. Wall Street Journal, the Murdoch, again, publicly traded, controlled by one family. So it can be as simple as Brian Roberts saying, no, this is going to work. And mind you, they were still trying to expand their media business as recently as a few months ago. They were bidding for part of Warner Bros. discovery. They were the third bidder in that deal. They didn't try that aggressively, but they were in theory willing to spend billions of dollars to expand that media company. I think it is probably as simple as after years and years and years of being told by”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Don't know about that argument, honestly. It never worked in terms of there is a synergy between owning the pipes that distribute content and owning the content. Comcast did own some cable and stuff before they went and bought NBCU, so that made sense to fold into NBCU. You can argue that NBCU performed well as an asset under Comcaste business is a real business. They've invested a lot in that. Studio has ups and downs, but it's still a thing that exists and is valuable. But I don't think they've ever proven that there is some benefit from adding the content company to the distribution company, which is what a lot of people thought was going to happen when they merged. It freaked out a lot of people. Oh, what happens if this big cable distributor now owns these cable networks? And in fact, that was a real concern for the Department of Justice. They had all kinds of kinds of kind”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, they were like, well, this failed instantly. And ATT would make crazy arguments about why it would work that they were going to load clips of Game of Thrones on mid-range Android phones, and that would make people pick AT&T. And then we're going to have”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Rewind just a little bit. Comcast buying NBC Universal was a big deal at the time. And a lot of people made the argument that Comcast NBC was the only company of its kind that actually worked, that every other company that had tried to smash together content and pipes kind of failed from the jump. AT&T Time Warner, I think, is maybe the classic example of this.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Every time anyone says that to me, I'm like, why did I quit being a lawyer to be a journalist? I could have been getting paid on every one of these deals. Let's start at the very start. I jumped way into the weeds because it is true you and I have covered Comcast together and around each other for so long. But let's just start at the start here. Comcast announced they're splitting itself up at a high level what's happening here.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“This is a classic cliche media bundles and rebundles were in the unbundling part of the pendulum shift. I'm sure at some point we'll move back to, hey, wouldn't it be great if we bundled? But yeah, I mean, the great thing is the bankers and lawyers remain undefeated because they get paid no matter what for every, you do a transaction and it makes no sense. You get paid to undo the transaction.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, everyone had to go to Netflix because Netflix had built enough audience. And I think that's where you can begin this conversation. It might be where you can end it, right? The Comcast is going to break itself up into a content arm and a broadband arm. And maybe those two companies will work together and maybe they won't, but there's just a moment that I think you can point to and say, oh, this was inevitable. It was inevitable that the dream of the giant multinational conglomerate would have to unbundle itself. And I feel like we're in a time of great unbundling right now.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“But yeah, you've nailed it. I mean, we'll get into it, but I think Netflix is the great example of why this convergence dream that Comcast, among many others, chased is not material for 2026 and they're finally acknowledging that.”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, it's funny because I always think of that as a classic, oh, nerds or people who care about this thing that we said we cared about, that's fine. We've just moved on because there was a huge part of the internet or internet culture that was just despondent about the fact that Netflix had been their sword carrier for this stuff and that they were done caring swords. Shield carrier, shield?”
2026-07-09 · Decoder with Nilay Patel · Why did Comcast ever buy NBC? · IDENTIFIED FROM THE TRANSCRIPT