withat roger mcnamee elevation partners. there are many different times to build investment vehicles around entertainment and around building the content products in movies but the cost structure of movies is so broken, it's very difficult to see how that's a profitable venture. to get that. i understand the movie industry is broken. that does not turn into a justification for creating a movie investment vehicle. >> i am interested in the future of video -- it seems like no one has been able to crack the real value of video. it's difficult to organize and you cannot look at it quickly. is there something to be said for them putting investment there? >> i think youtube has done a good job of making money off of video and so has netflix. >> sure content is the key. -- you doeither that short content or the netflix model where you aggregate the tv which affects the age of today. no one wants to watch a two-hour movie but you can watch two or three episodes of television in a row. i think that's where the opportunity is for some