Thanks for sharing your fascinating insights into the difficulty of preventing disruption at Time Warner.

The trajectory of YouTube in the final graph is intriguing. YouTube attempted to directly create original high-quality scripted content, as you know. Their main success was Cobra Kai, but they abandoned the strategy in 2018 and Cobra Kai moved to Netflix.

When independent creators succeed on YouTube they sometimes attempt to achieve autonomy. For example, a group of YouTube creators set up their own streaming platform called Nebula which is linked to Curiosity Stream. So it may be difficult for YouTube to gain leverage via independent creators.