[Horizon]

Wormfood in the sense, that the Big Tech want to be the Hollywood players. Whether they buy the legacy companies or oubid them for rights, who can know for sure, but the tech cos have shown their hand with all this bidding for sports rights. They can't all win, can they?

On reduction of companies, yes. If Sky and WBD merge, that brings the number down of the legacy companies from the original Big Six hollywood companies to the Big Four, but then on top of that there is Apple, Amazon, Google and Mirosoft. I really don't think that eight global streamers can exist and all be profitable, but we'll see.

On MGM, that's early days yet. We'll have to wait for the first "Amazon" James Bond film, to see how that all pans out.