[TimJYoung]

Good conversation, thank you.

Of course, there is good, free content everywhere, but it is normally in the form of endeavors that don't take a lot of time or are hobbies. As soon as something starts to take more than X amount of hours per week, it has to either start bringing in revenue or it has to stop growing. In other words, there is no limit to the breadth of the content that can be available for free, but there are hard financial limits to the depth of the content that can be available for free.

Re: Netflix: I think Netflix is a good example of a distribution platform that is in a more symbiotic relationship with its content creators. The content creators get the eyeballs for their work and, more importantly, get paid, while Netflix takes their cut. However, this is also changing as Netflix becomes both content creator and distribution platform. As to being able to purchase Netflix content elsewhere, I think it all comes down to the extra revenue vs. possible loss of subscription revenue. For now I think the equation is tilted towards the latter, hence you won't see that content elsewhere. My understanding is that other content creators are getting more than a little nervous about the Netflix-branded content, so they might start playing hardball.