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Live @ NYSE, Netflix to Acquire Warner Bros. | Keith Rabois, Emily Sundberg, Adam Faze

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Dec 5, 2025
Keith Rabois, a veteran Silicon Valley investor, dives into the future of venture capital and the potential of AI to reshape industries. Emily Sundberg, a writer and director, shares insights on growing her successful newsletter into podcasting, expanding into California coverage. Film producer Adam Faze discusses the strategic implications of Netflix's acquisition of Warner Bros., highlighting the importance of IP and theatrical experiences. Lynn Martin sheds light on the NYSE's upcoming visibility events and market trends, forecasting a busy 2026 for IPOs.
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Regulatory Risk Is Front And Center

  • Critics argue the Netflix–Warner deal will face regulatory scrutiny and may not add many new subscribers.
  • The transaction could be judged on competition effects in content and distribution rather than pure market share.

IP Valued Line-Item By Bankers

  • Adam Faze noted the merchandising and licensing upside of Warner's animated IP like Looney Tunes.
  • He joked bankers have spreadsheets valuing characters such as Foghorn Leghorn and Porky Pig individually.

Starlink Is Key To Any SpaceX IPO

  • Keith recalled SpaceX valuations and Starlink's role when discussing late-stage IPOs.
  • He noted Starlink's integration is a major value driver if SpaceX goes public.
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