starz is making money.dio, you can see, we publicly filed it, we had a form ten that we filed, we projected through '25, we talked about how much money we're going to make post-e1. this transaction is a 10.7 multiple of fiscal '25, which starts on april 1st, so, we think we're pricing the first part of this transaction well. we just finished a pipe. bunch of blue chip investors. so, we feel when we do the rest of the transaction at the end of march, it's going to go pretty well. and if we set the mark and the floor for the studio, and then obviously when you do that, you set a mark for starz, we think one and one is going to be a lot more than two and going to prove that to the marketplace. >> so, just on the spac structure, so, you have the pipe. do you have enough cash that you need that even if you see big redemptions -- >> there are always big redemptions. >> so, you have to be -- >> if you do the math, it's a harry sloan spac. one of the original investors of draft kings earlier. only 23% of the $750 m

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i mean, there was there was certainly people at the time like albrecht kirby, who went to starz, who was extremely reluctant to talk licensing shows for two to netflix, precisely for that reason. and, you know, jeff bewkes, who was head of hbo and warner brothers, famously remarked that called streamers, they are granny and army not to be afraid of them. they weren't going to go anywhere. they didn't amount to anything. so there was a lot of dismiss, a dismissive attitude towards the streamers when they started. and i think people really understood. in fact, one of the things that amazed me was that there was a planet one point for hbo to find netflix and bewkes due because never for i think, $2 billion, something like that. and bewkes never did it for a variety of reasons. but at one point, reed hastings, who who founded netflix, was asked whether he would have sold it to hbo for that amount of money and he said, yes. so you might have had a universe where hbo and that owned netflix never, never happened. so it's interesting to explore that sort of what ifs. yeah, the alternate univ

and unlike eric, i remember watergate when it happening and i'm finding great gaslit on showtime or starz or whatever that was on was about martha mitchell. you know, there's this kind of attempt to look back and so will we see for instance, as time passes, some nostalgia for the eighties period. and are we going to see more reagan series or something along those lines? i don't know. house of cards is and in keeping with our theme for lunch, house of cards was much better a british miniseries than it was an american one. i'll just throw that out. discuss. right. we'll they jump in very quickly. i, i, i do think there's a twofold. there's a tension. so because on the one hand, as we all have shown by nodding our heads, someone mentions a show we all watch this stuff and there's a market for it right. on the other hand, as eric can probably to in these white houses these days, social media professionals are so good at what they do that that space between us as an audience and the white house as a distant object is collapsing and you can be inside the press room if you want to write just on