Seth Schachner covers the latest on Netflix’s (NFLX) bid for Warner Bros. Discovery (WBD) as Paramount Skydance (PSKY) stays “incredibly aggressive” in its acquisition attempts. He thinks Netflix will ultimately win out, and he’s come around on the idea of their “reinvention.” Seth talks about how entertainment has broadened out, with social media or YouTube stars warring for attention with traditional Hollywood. A “real consideration” is job losses and less places to produce work, he adds.