Thomas Tull

Then comes a proposed exchange of up to $6.5 billion.

With whom? Its own parent, TWG Global, led by Mark Walter and Thomas Tull.

The reclassified private credit goes to TWG.

An equal amount of non-affiliated investments comes back.

leadership experience and strategy and innovation.

And I went to school on social media, okay? I dove into it, right? When Thomas Tull asked me to join, uh, Legendary Entertainment, I said, "Come on, Thomas, I don't know anything about creating, producing, or distributing movies." And he said, "I know.

I'm hiring you for this other reason." I immersed myself in how did Hollywood work, why did most of them lose money or not make very much money, and we ended up, we ended up creating an incredible array of award-winning movies, and we ended up making a lot more money than the industry 'cause we had a totally different business and financial model.

But the point I'm trying to make is if I'm gonna work on a park, I'm gonna learn as much as I possibly can about what makes a park really go.

But teach me a little bit about what's going on.

So what is A24 doing that you think is maybe smart or interesting or what their approach was, why they seem to be having a different result? I've seen also, like Thomas Tull, I feel like came into the industry as kind of an outsider and-

Mm-hmm

... did some interesting things.

The announcement names the specific producers steering the project.

You have Thomas Tull and Gillian Share representing Teton Ridge Entertainment.

You have John Jashni.

Right.

Okay, let's hear the case for film first.

Let's build the economic and strategic case for a theatrical film first.

If you look at the public quote from Thomas Tull, one of the lead producers at Teton Ridge, he states that the work perfectly embodies the enduring spirit of the American West and specifically praises its timeless themes.

Right.