They don't have to vertically integrate for the indie studios. What they do instead is create daughter companies that hang out at sundance and cannes and look for potential hits.
This is their model now, yes. But what I'm suggesting is that the economics of the business 10-20 years out might not even support Searchlight-level movies. They might not support any studio economics. We may well see a world, at the low end, where individuals or small production houses sell their wares directly to the Netflixes and iTuneses of the world and have no need of theatrical distribution or DVD distribution. We're not living in that world yet, but there is no reason why we can't or won't.