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can sell your stuff. does that worry you? >> there's a light governmental touch everywhere is positive for our business. any time there's regulation, it's a challenge and creates uncertainty. so the idea of a light touch. you've seen the media stocks move up. the reason why, there's a sense that a lot of the merges can go through where maybe before there was more of a question. never for sure. the fcc is -- >> the mergers don't hurt you? everyone needs proverbial content, right? >> consolidation in general is usually -- presents challenges and presents opportunities. the fact that at&t wants to buy time-warner reflects the fact that content is very, very important. for us, we own all of our content. we own it on al platforms and around the world. companies that are in the

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