And if you — the chances if they’re going to have that are higher on Netflix than anywhere in the world going through the thing you said about earlier about having so many great choices to make. But Ted's got big plans to spend future billions in our movies, in series, in animation. We've definitely got a good start, but the opportunity across the next decade is just amazing for us. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. And then I guess looking at pricing, which is also slightly linked to the distribution discussion to some extent. I mean Ted’s got some increased external stature, and he could put bigger deals together for us and that’s really cool. Number one is obviously capex.

Okay. Now some of that is temporary in nature. And the way we think about it is actually that we have to make almost every aspect of that experience better. And so we've got to sort through all of that in order to figure out what to watch. So maybe, Spencer, a couple of questions in terms of the guidance and the financials. So it just depends on what you’re in the mood for. If you wish to go to ZacksTrade, click OK. Our big webinar sale is here: Get 2 months of IBD Digital for $12 or get 2 weeks of IBD Live free!

We hope they stay for 50 years. So when you think about this mix, is it fair to think about reality shows or maybe documentary programming as being slightly better return and, therefore, the mix is shifting slightly more in favor of that?

And we’re definitely focused on creating franchises, and maybe Ted in your co-CEO role, if you can wrap us out here with final comments and about building franchises? And then we all obviously back it up with the metrics, too, right? And when we are sustaining cash flow positive, we expect to be a much bigger and more profitable business. And you don't disappoint them. Things seem to be — seem to be opening up, but now looks like things might go back again a little bit.

Netflix, Inc. (NASDAQ:NFLX) Q2 2020 Earnings Conference Call July 16, 2020 6:00 PM ET Company Participants. You want me to take that one? OK. Got it. Last year, we had barely dabbled in competition and reality programming. Yes. Sure. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. And then I guess looking at pricing, which is also slightly linked to the distribution discussion to some extent, but when you think about the pricing algorithm we've come to expect, it's been in that mid-single-digit growth range over time for Netflix. So — and not surprisingly, this membership base, both new and older, loves film and TV content, as we said and they look pretty similar.