S.B.F.’s Reckoning, Crypto Winter, A Media Meltdown

Welcome back to The Daily Courant, presenting the latest best work at Puck.

First up today, Matt Belloni deciphers Ted Sarandos’s controversial decision to pass on the sequel to Netflix’s own Oscar-winning film—raising questions about the company’s evolving political sensitivities as its financial picture has darkened.

Plus, below the fold: Bill Cohan considers whether there’s a Producers-esque anti-strategy at work at Twitter, and also what fresh hell awaits Sam Bankman-Fried in bankruptcy court. Teddy Schleifer and Eriq Gardner debate whether S.B.F. is going to jail. Then Jon Kelly joins Peter Hamby to discuss the wind-down of The Recount, John Heilemann’s political digital media startup that missed the moment.

MATTHEW BELLONI

Icarus was a landmark, award-winning, zeitgeist-shifting film for Netflix. But even the genre obsessive Ted Sarandos has evolved his thinking as the financial picture has darkened.

WILLIAM D. COHAN

News and notes on Wall Street’s favorite mop-topped obsession, plus Elon’s latest gambit at Twitter.

TEDDY SCHLEIFER & ERIQ GARDNER

A conversation surrounding the litigation minefield, financial casualties, and political backlash after the FTX supernova: Who’s getting sued? How will Washington crack down? Can crypto investors recover? And will Sam Bankman-Fried go to jail?

PETER HAMBY & JON KELLY

Jon Kelly joins Peter to discuss the wind-down of The Recount, John Heilemann’s political digital media startup that missed the moment. Then they break the fourth wall to discuss The New Yorker’s profile of Puck.