The Abundance Paradox
Sequoia 10 months ago 40
Netflix agreed to buy Warner Bros. for more than $82B in enterprise value, including major film and TV intellectual property. The deal is for over $82B announced on December 9, 2025. The article argues that AI-driven near-zero content costs will shift value from new, undifferentiated content to scarce human attention, boosting the price and importance of already-familiar IP—especially authentic nostalgic franchises.