scarlet: joining us for more on disney as chris palmeri.team leader for media and entertainment. let's start with parks because that is what hugh johnston was talking about. parks has become a much bigger part of disney that it had been before. how much of this is by design? does this say more about the parks growth or does it say more about the other businesses weaknesses? >> the second part. they certainly want to grow the parks. they have been doing a great job in recent years. raising prices. expanding. the other business, the traditional tv channels have been really weak. the streaming business has not made up profit wise. that is why you are seeing the outsized dependence on the parks. where it has been a star in recent years, it is starting to sputter at the time when things seem to be improving in streaming. scarlet: when we say that parks missed sales and etf estimates, how much of this is because of difficult comparisons versus true softness in demand from a challenged consumer? >> attendance they said was flat. at a time when inf

chris palmeri joins us with the details. the sirius xm deal, it's the antithesis, kind of a podcast. why is the number so high? chris: it's an amazing thing about the podcast industry. retrenchment was the story last year. canceling shows, companies getting sold, people getting laid off after a few boom years where people were just throwing money at podcasts. 2024 is an entirely different story and we are seeing the winners being paid exorbitant sums. alice cooper, joe rogan, all of these people who renewed their contracts at fat prices. so, these are all the big media companies and in some cases they are changing who is distributing the show and they are paying up for the top talent. ed: i'm a listener of new heights. i'm sure that travis and jason listen to the bloomberg technology podcast. the detail is interesting. wondery is going to do a lot for distribution. there is an advertising component. chris: and not just on the traditional stuff, like you mentioned. ad sales. it's merchandise, it's a wraparound deal, which, giv