Precisely. The name of the game is generate growth and revenue quicker than they need to dilute. 2011 vs today is night and day in terms of demand for IP content. To discount what the company owns, and that I.P. content is in an astronomical bubble fueled by insatiable demand in a changing/streaming world, is nuts to me. The nay sayers are focused entirely on the dilution/supply side, which is obviously a key part of the formula, but then ignoring that the demand side for the I.P. has gone through the roof.
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