24 Burst results for "Barry Diller"
"barry diller" Discussed on Rush Limbaugh Morning Update
"Here's barry diller audio sound. Bite number fifty in fox business channel. They were maria bartram romo. He got expedia and digital media group. Chairman barry diller. What are you seeing in new york. Barry what's your take on recovery post pandemic the protesting the looting that we saw earlier this year in new york city. We opened our offices actually labor day. We said please come if you can. And truthfully no one comes. There's so much of the city idol. It is not amiable drive anywhere walk anywhere and you see logo destruction. We gotta get used to the risks. And we've gotta take some risks particularly people who are not vulnerable and get back to full light. Work from home is not productive. The concept of work from home does not work full stop. Oh wow is not. They're not very many people say ignace. He's a he's a lone voice. A lot of people particularly running corporations. That are like tim. Cook says he's ecstatic with the work. Apple employees are doing from home for example But here he is working from. Home is not productive full. Stop it doesn't work. They open their offices on labor day and nobody showed up. New york ain't coming back trump's in past couple of weeks. New york's not coming back. Not as currently being run combination de blasio and cuomo. But it was i el rushbo who Offered that opinion months ago. You just handwriting's on the wall. You can't can't shut down a city like this and you can't. You can't teach people that. Hey you know you don't have to live in new york anymore. You don't have to go into the city to work anymore. You can't teach people that and then expect them to just ignore it..
Barry Diller Says Apple 'Overcharged in a Disgusting Manner' on App Store
"And barry diller blasted apple earlier today over. Its app store fears fees. Here's what he said on squawk box overcharged in disgusting manner. I mean if you go through. Let's call it. The equivalent of an app store credit card The transmission cost is about two percent here. Up apple says oh no thirty percent thirty percent. I mean it's criminal. Well let me ask you. This though will be criminal
"barry diller" Discussed on Squawk Pod
"Can <Speech_Music_Male> <Advertisement> <Speech_Male> <SpeakerChange> <Music> <Silence> <Speech_Male> <Advertisement> you. Can you walk <SpeakerChange> around here. <Speech_Male> <Advertisement> you think i <Speech_Music_Male> <Advertisement> would lie. Look <Speech_Music_Male> <Advertisement> i loved being. <Speech_Music_Male> <Advertisement> I mean listen <Speech_Music_Male> <Advertisement> to you. Imagine what it's like <Speech_Music_Male> <Advertisement> after. <Speech_Music_Male> I know it's time to actually <Speech_Music_Male> <Advertisement> see people. <Speech_Music_Male> <Advertisement> Humans <Speech_Music_Male> <Advertisement> enjoying <Speech_Music_Male> <Advertisement> themselves here. But i want <Speech_Music_Male> <Advertisement> them to enjoy them so i don't want <Speech_Music_Male> <Advertisement> them to think they have some obligation <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> to say thank you <Speech_Music_Male> because by the way their <Speech_Music_Male> faces are thank <Speech_Music_Male> you. Well <Speech_Music_Male> let me thank you <Speech_Music_Male> on. Behalf <Speech_Music_Male> <Advertisement> of all new yorkers <Speech_Music_Male> and everybody <Speech_Music_Male> has an opportunity <Speech_Music_Male> <Advertisement> to get <Speech_Music_Male> <Advertisement> here <Speech_Music_Male> <Advertisement> Not just this <Speech_Music_Male> <Advertisement> year but perhaps over <Speech_Music_Male> <Advertisement> the next <Speech_Music_Male> <Advertisement> century. We talked about <Speech_Music_Male> <Advertisement> how these things happen. They <Speech_Music_Male> <Advertisement> happen because people like <Speech_Music_Male> <Advertisement> you and we appreciate <SpeakerChange> you being <Speech_Music_Male> <Advertisement> here this morning. Graduation <Music> <Advertisement> cue thank you. <Music> <Advertisement> Thank you <Music> <Advertisement> <Music> <Advertisement> <Silence> <Advertisement> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Speech_Music_Male> everyone. Karl antony <Speech_Music_Male> a here thanks for listening <Speech_Music_Male> here at cnbc. <Speech_Music_Male> We'd like to know <Speech_Music_Male> more about you. <Speech_Music_Male> Including which topics <Speech_Music_Male> you'd be interested <Speech_Music_Male> in hearing about as <Speech_Music_Male> we think about launching new <Speech_Music_Male> podcasts in <Speech_Music_Male> the future <Speech_Music_Male> <Advertisement> text podcast <Speech_Music_Male> to six <Speech_Music_Male> six eight six <Speech_Music_Male> six. <Speech_Music_Male> We'll text you link to <Speech_Music_Male> a short survey again <Speech_Music_Male> text. The word <Speech_Music_Male> podcast <Speech_Music_Male> two six six <Speech_Music_Male> eight six six <Speech_Music_Male> <Advertisement> standard text <Speech_Music_Male> <Advertisement> messaging rates apply <Speech_Music_Male> <Advertisement> and we look forward <Speech_Music_Male> <Advertisement> to hearing <SpeakerChange> from you <Music> <Advertisement> <Speech_Music_Female> <Advertisement> <Speech_Female> <Advertisement> that <Speech_Music_Female> <Advertisement> squawk pod <Speech_Music_Female> <Advertisement> for today and for <Speech_Music_Female> <Advertisement> the week. Thanks for listening. <Speech_Female> It's friday <Speech_Female> <Advertisement> the world is <Speech_Music_Female> <Advertisement> opening up. Take <Speech_Music_Female> <Advertisement> a break this weekend. <Speech_Music_Female> <Advertisement> Squawk box is hosted <Speech_Music_Female> <Advertisement> by joe. Kernan <Speech_Music_Female> <Advertisement> becky quick and <Speech_Music_Female> <Advertisement> andrew. Ross sorkin <Speech_Music_Female> <Advertisement> tune in weekday <Speech_Music_Female> <Advertisement> mornings on. Cnbc <Speech_Female> <Advertisement> at six eastern. <Speech_Female> <Advertisement> This podcast is <Speech_Music_Female> <Advertisement> produced by me. Katie <Speech_Music_Female> <Advertisement> kramer cameron <Speech_Music_Female> <Advertisement> kosta and caroline. <Speech_Music_Female> <Advertisement> O'brien special <Speech_Music_Female> <Advertisement> thanks to andrew <Speech_Music_Female> <Advertisement> and producer. Jackie <Speech_Female> chorba for <Speech_Female> <Advertisement> heading out to the little <Speech_Music_Female> <Advertisement> island new york <Speech_Music_Female> early this morning. <Speech_Music_Female> We'll be right
Little Island Park Is Open to the Public in New York City
"Ross. Sorkin is live from the little island. Off the west side of manhattan. This is a new park. That's opening to the public today andrew. How's your commute. It was great. it was easy We are at the little island This is an island. That was created by barry diller donation of two hundred sixty million dollars effectively from himself and devi f- It is one of the great gifts to new york. It opens today literally at six. Am as we speak. This park is opening to the public for the very very first time. It has been more than a decade in the making. You might recall that. There was a massive fight over the pier which was used to be called pier fifty four Turned into this remarkable over two acres. has all sorts of Different component parts one hundred and thirty two almost cement tulips That have lifted up this platform. And it's a jewel box right here in new york city Barry diller point walked away from the project after there was a lot of consternation and battling by folks right here on the west side For all sorts of reasons Andrew cuomo Governor andrew cuomo ended up Renegotiating a delivery came back to the table. Put up the money and here. We are his dream realized. And we're going to spend some time with barry diller media mogul and benefactor of The little island so much to talk about In terms of the creation of really one of the the the newest parks you don't a generation Moments in this city and of course we're gonna talk about the media deal of the week Between warner and discovery and how it's changed the landscape and so much more and that's what we're doing here this morning.
Ben Silverman - Ececutive Producer of The Office
"How did you discover the uk version of the office. I was at my friend. Henrietta conrad's house. I was not an agent. I had left being an agent where i had found everything from who wants to be a millionaire to cracker queer as folk and had translated them into america as the packaging agent and i laughed. Backed by barry diller to start my own company called rally and i had just begun reveling in win over to london for a work trip and was staying at my friend. Henrietta conrad's house and we were watching television. And i was literally flipping the channels and i came on to the office. This is episode one or two okay of the uk season one office. Wow and i was watching it. I wondering if it was for comedy or for real than quickly recognized what it was doing single camera no laugh track faux documentary with people who felt real and i kept watching and started laughing. And it's really hard to make me laugh. And i was falling in love with the show in that moment and then i started thinking about it the next day in the morning and i asked henrietta if she knew ricky gervais as and she said no but her friend dan. Mazer did and we organized and had dinner with dan that night. Which are twenty four hours after you after you see it for the first time on television. You're having dinner with someone who could get you to ricky. Yes and additionally. I also wanted to be with dan. Dan was sasha baron. Cohen's partner allergy was on television. Was allie ardor your then no in the uk okay. But i'm with dan mazer yep. Dan is lovely brilliant in his own. Right and i start peppering questions about the office. And he gives me ricky cell phone number and so the next day. I call ricky around eleven o'clock in the morning and introduce myself on the phone and say i'd love to meet you. Are you in town. He goes actually. Yes me in soho at the starbucks this afternoon and i coordinate a meeting and i spent an hour with ricky talking about the office and very quickly we got along because we both love television and he truly was making me laugh even in those moment right over over the coffee at starbucks and so he clearly had chosen the location of the starbucks because he then says to me oh good news. My agent is right around the corner. Let's go meet with them so it was almost like he met me confirmed. I was okay roy. Conversation was interesting and then we walked over and met with dunkin' as his agent. And then duncan and i began a three month process to secure the rights. And it wasn't until dunkin. Help me unlock it. All that i realized. Both the bbc and ricky controlled the rights. I needed ricky and stephen merchant to actually get it done and agitate to get it done otherwise. It was never going to get done. Got it so you you deal with the bbc. And you deal with ricky steven. You have this partnership in place and where do you go into the united states. I immediately start making phone calls and saying. Are you aware of the show the office. Do you know what it is. Do you think it would interest you. And this is probably now a month after are so run. The show has started to gain buzz. It's aired its cycle in the uk. Its initial six episodes and so it has an awareness. Now it's a thing right not a big thing but to anyone in england it in the television industry. You're aware so. I'm i'm back at the states reaching out to people one of the incredible things about hollywood which was a huge advantage for me to do. Well was that people in hollywood are pretty insular and don't like to travel. They think you need a passport to get from burbank to beverly hills. That is travel and so many people at this time in american television had no clue connection about anything beyond la. Right and only one exac at the time knew what i was talking about was a guy named nick grad. Who worked at fx and he knew what the show was and he loved the show. Kevin riley was running fx. At the time. I'd gone to less mooned us he passed. I went to gail berman. She passed immediately. Didn't get it. Hbo said we'll never do a remake. They clearly have altered that thinking that that time they were like. We won't do a format and showtime wasn't doing shows like this right. I didn't go to abc. 'cause i just knew it wasn't abc. Right and i was starting to tease. Nbc with it and kevin than got named the head of nbc. And i bring it up to him. And i say would you wanna do it here and kevin says absolutely little. Did he know he was actually my only buyer that time. He was the only one right who wanted everyone else. All of television everyone else had passed. Now are you in kevin's like let's do it. Like let's let's make it. You know i'll give you a pilot movement and then kevin's boss though. Who is very involved in his life. Jeff zucker didn't really like it that much because it was his single camera. Nola back injury. I got it like it was a hard pill for them to swallow. I was also like they didn't want the game show back in prime time when i brought millionaire. Everyone thought that was cheesy. Daytime like no no. This will change. Tv know you gotta look at it from how to push the genre and pushed the envelope. So that you can expand versus always play for defense right and i was like this is another level and this is potentially transformative of television and with that can come great great
"barry diller" Discussed on KindredCast: Insights From Dealmakers & Thought Leaders
"And if you're gonna make this investment the next year it's going to reduce your earnings and all of the you to be able to defend it in the public market and you ought to be judged for the public market all by itself on its own and that said to me well. I can't do that inside. This big conglomerates. You only way i can do. It is to make it really independent and so that was like a bulb that went off in my head and quickly. Thereafter wasn't ticketmaster ticketmaster. Gave me the flashlight it was expedient was the first big thing we spun off and then we spun off tripadvisor from expedia anyway on and on and on. Yeah since then i just keep getting reinforced on this project. Well it's the concept is consistent. you're after the truth you're after. The optimization of the truth and the truth is verified by the outside capital markets in an optimal way. Go get it as an independent if it has to be depended on the ac- holding company for a while until it seasoned than that's fine but that's not right to be independent. Basically you're kind of raising children until the right to be worn out into the It's totally true. And by the way at a certain point keeping those children at home has their time is very unproductive and anti-social bad things come of that and saw nothing in this concept of ours that does not reinforce every time we do it for good and for bed companies. We've spun out. I've done less well. For a period that forced them to reorganize themselves and improve etc is still retain the option of bringing back home. Wherever you want. I've had the pleasure as have you closer than me of working with some exceptional executives and founders on the business drama loan. I asked john about the the quality that best describes barry diller uniquely and he said that barry is intuitive in the way he approaches opportunities and constantly in motion inning. His brain is always working in finding new opportunities in white. Frankly the very light respectful way costlier looking at new things. But he said he's scribes you as intuit's so i made a list of four executives that you know what l. and i wanna ask you if you described them with an adjective starting with john malone how describe john. Oh my god honestly the only way. I can scrape john deeply. Brilliant and with such self-confidence based on that brilliance that he is profound risk taker and by the way his thinking is contrary unique etc etc. But that's what i'd say about job again. Next one brian roberts superb executive being given a roll. Your family is chancey and odds aren't great. Brian unique relationship with unique man..
"barry diller" Discussed on KindredCast: Insights From Dealmakers & Thought Leaders
"That you've really got to be in a collegial sometimes collegial but in the stimulating environment next to your colleagues in and around them passing them in hallways et cetera. So i think that that will very much returned to what it has been. So do you think that summer fall without holding you to specific date back to normal also means a return to life in the city as being a hub will city's comeback. Yes absolutely agree with that. I mean i. I say with absoluteness but i really do believe it's absolutely i think. Yes the habits of people may be if this went on for a generation. Literally you'd have people rewired degree. This is an aberration as horrible as been for us in the moment. It's about a year. Our wiring is not going to change so yes cities off at sarah. Will there be some more flexibility. I suppose so. I think actually there will be less than a lot of people predict and also. There's a difference between working from home and working from anywhere. I think people like you. And i working from anywhere for a long time right working from everywhere because we have certain hub like the officers. But you're comfortable working from anywhere for business. Travel has all the go excetera and that will sustain completely so that we sat here a year ago. We all talked about predictable. Business patterns life is unpredictable. That's what we've learned over and over again not just because of the pandemic but abbas all the time and people tend to right in front of you and make these kind of normal predictive decisions but a year ago. We were sitting here today. Known what predicted what happened in twenty twenty but now we're in twenty twenty one at the very beginning of the year and you know we can sort of make judgment calls what could happen. But they're certainly going to be a lot of things that were not going to expect so these black swan events as you look to twenty twenty one would are the things that you think could surprise us. That people are not expected today. Well i think they'll surprise me so i haven't a clue what they are. One thing i do think and i said this yesterday but yesterday its time flies yesterday on the twentieth. We all thought. Oh my god let twenty be over on so many levels. What possible year but it did not end with new year's eve twenty one it ended yesterday and i think of january twentieth twenty one as the beginning of the year and islands at because so much of this is the change in administrations one of the things that i hope for course is that we will have a certainly a calmer time of beast to be all of the noise of this last year basically because of this administration it's four years but it seems like one hundred years but last year was particularly tumultuous phobia calmer foundational level to live on the media to do business. Yeah i talk about not being pressing i think. In whatever time period you had summer fall whatever. I would have thought that joe biden is going to be the president but i also would have thought that the market expecting that would drop precipitously..
"barry diller" Discussed on KindredCast: Insights From Dealmakers & Thought Leaders
"Dean's council the new york university school of the arts the board of county off now. Ra care enough. Okay enough okay. Fine suffice it to say you have some great stories now so how are you doing and what is your biggest takeaway from being in a pandemic. What are you gonna take with you. And what do you want to leave behind off. God will i take with me. Well want to leave behind. And soon. I think we all will be able to leave it behind. It is snatched life away from us for the last almost year and that is to me the most unfortunate thing certainly older you are. It's taken a year out of your life basically. That shouldn't happen to you if you're younger school holidays in school experiences etc everything basically has been in one form or another suspended animation altogether in addition to the lives lost dishes. The people being sick. It isn't entirely weird situation. Those of us who live in cities new york los angeles big cities for sure the alteration of life as we knew it almost complete. I think that's very sad. There are things that have come out of it. That are good for sure like anything can snatch good from ads stuff. Particularly i think for people being able to spend more time with their families about willingly a lot of times but beneficially. I don't know some people say well life will never be the same. I don't believe that at all. I think yes technology. Basically what we're doing this soon life As altered some things. But i really believed that we're going to be going back to normal as quickly as normal is allowed to come back which i think is sometime probably sometime around the summer fall. I think we'll be back to normal life. I very much believed by the way that works from home does not work. And i'm not an advocate of it. I think that yes. They're probably be some more flexibility in working firemen's but in the main..
"barry diller" Discussed on KindredCast: Insights From Dealmakers & Thought Leaders
"Hi everyone i'm either. Ramadi and welcome back to another episode kindred cast unfiltered conversations with the business and cultural leaders who shaped the world. We live in. Kindred cast is a production of kindred media powered by line. Sri kindred media is an advisory in production company focused on the intersection of media tech in business for more insightful content search for kindred media wherever you're listening today we hear from a media legend the senior executive and chairman of n. Expedia barry diller. Listen now mr diller catches up with line tree. ceo borakove on all things. Media the shifting political landscape heightened calls for regulation of tech platforms and icees resiliency throughout an ongoing global pandemic. hi everyone. I'm ari a workout and honored to be joined today. By the legendary. Barry diller a dear friend and also the chairman and a senior executive icy and expedia barry. Thank you for sitting down with me. Been looking forward to hosting you on our kendra tasks podcasts for some time and several years of all took was the pandemic today. Have some time on your hands. So thanks for being here. Appear to be with you. Allow me minutes to properly introduce you because many of our listeners. In the median renault. You but we have a abroad viewership in broad listenership that to fully comprehend the vast of your career and your leadership different rolls around the media and technology consumer brands not to mention those yours. Dan's incredible philanthropic.
Google may ban IAC's Chrome extensions over 'deceptive' practices
"We report that. Google is deciding whether to impose penalties on interactive corp. Over what the search giant concluded were deceptive marketing practices by the online conglomerate. That's according to documents reviewed by the wall street journal and people familiar with matter. Google's concerned with centers on browser extensions. Those are external applications that run inside. Google's chrome browser google investigators found that extensions often promised functions. They don't deliver and steer users towards extra ads. Google's report recommended the immediate removal and the activation of icees browser extensions. Ac under chairman. Barry diller is pushing back. A spokeswoman disputed the findings and i said that removing the extensions would devastate a critical part of its business as of yet. Google hasn't acted on the internal recommendation. People familiar with the matter. Say that's in part. Because google and compete in some categories and executives are concerned but any penalties could be viewed as anticompetitive competitive. You might remember. Federal prosecutors sued google earlier. This year for allegedly operating monopoly in search and state officials are wrapping up their own investigations. Google has said it would contest any allegations in court.
"barry diller" Discussed on Squawk Pod
"For some perspective carlyle group co founder and co executive chairman. David rubenstein. here's becky david. It's great to see you here. So what do you think first. Let's start with the way. The markets are trading. Right now we had seen hundreds of points to the upside hundreds of points to the downside now relatively flat that tell you markets love certainty and we don't have certainty right now so i think the markets are going to tread water until they hear what's going to happen. Markets are can deal with almost anything if you tell them exactly what's going on but right now there's uncertainty and until we have certainty which may be another couple of days or so. I don't think the markets are gonna go up or down all that much when you kind of look at what's happening with the electoral college again. You know washington so well you served in the carter. White house back in the seventies. What do you think as this is playing out. In the last century We tended to have elections that were pretty clear cut in this century. Virtually all of the presidential elections have not been that clear cut. Except you could say obama's first. Victory was pretty clear. Cut but since that time we've had pretty close elections which shows you the country's pretty well divided which is reflected in the congress so it's clear now that whoever becomes president will not have such a mandate to jam something through congress over the objections of the other party. It's also clear that the senate is not going to be democratic if it's democratic at all as was projected so the polling profession while it has a lot of great attributes to it still needs to do some work. I would point out that ever happens. We're going to have a new feature. I think typically when you have a president losing an incumbent president jimmy carter gerald ford and george herbert walker bush. They went back to their hometown and more or less stayed out of politics. If president trump loses. And i don't know that he will. I don't expect that he will stay out of politics. He'll be a force in politics because it's clear. He has very strong support throughout the country. So whether or not he's technically an office. I don't think you should discount him. As being a political force that may be different at biden loses the election and trump is up and in trump is elected by. I don't think we'll be a force going forward. But it's too early to say and i think we'll have to just wait two or three more days before we know exactly where the results are going to be. But i do think that those people who thought were going to have tax changes or regulatory changes are probably wrong. Because there's not going to be enough support up to jam. Those kind of things through congress. Do think that you're going to have very cautionary action by congress on the tax and regulatory front. Yeah i agree with that assessment. Just the idea that hate to be cynical about these things but wall street tends to like a lack of action. We had been talking in the weeks leading up to this market people. Were looking at this and thinking. Oh blue wave would be good. You'd see a big stimulus number. That came through. But it's the changes that would happen over the after that in the longer term that Plenty of people worried about. Just tell me what the rules are. The people say i'll with them. I'll figure them out even if i don't really like them right now. We don't know who the president is going to be really. We don't know exactly. The unconsciously can be configured so right now there's uncertainty once they're certainly the markets will reflect that much better. I think the markets will come back once. They're certainly you. Regardless of who's the president there will be certainty in the markets will respond favorably. That again. I don't think you're gonna see a lot of legislative changes significant certainly not in the lame duck and probably not early days of the next administration. Your theory about donald trump. Still being a big force in this whether he wins or loses. What what does that mean. Play that out in terms of what it means for the business world in terms of what it means for the markets usually when a president loses he goes back to his own town. And does you know civic things and other kinds of non-political things as a general rule of thumb and those three examples. I just cited but donald trump up because if he lost it'll be a narrow loss he would say one. I can run again. He would be able to run in four years. It'd be the same age as joe. Biden is now so he would say maybe run again secondly he has a reservoir of support in the country. Which while it may mystify some people. It clearly doesn't miss the other people who support him and so e- clearly has a big of support. And why would eat. Squander that by just saying i'm gonna go back the mar-a-lago and not talk about politics again. I think you'll have a big impact on the republicans going forward. I think i have a big impact on foreign policy. Because he can say a lot of things that people will listen to. It's not as if he's gone if he loses. It's not as if he's lost by a large amount. People won't pay attention to them again. He could run again. It's legally possible for him to run again. He wouldn't be that much. Older than biden is now. That hadn't occurred to me. David you know for the last six months longer. There has been a big raging debate about taxes in america taxing the wealthiest among us at higher rates. I wonder whether you think where we are. And we don't know. Obviously what the ultimate decision is going to be both about the presidency and the senate but but given how split things are whether you think that debate is actually a very different debate in whether perhaps the democrats have overplayed their hand on that. It's clear they're not going to be at a jam. Something i use the word jam inappropriately. I should push something through congress that republicans really are against the congress is going to be fairly well. Divided and your point is well taken. It's not likely that you're going to have a big increase on taxes on the high very wealthy and i also think you're not gonna have gigantic changes in healthcare legislation. We already have. it's clear. congress is going to move very very slowly. And i say if the republicans control the senate and the democrats control the white house. That's not a terrible thing for the markets who go back and look the markets. Do better honestly. When there's divided government go back over the last say twenty. Thirty forty years when country is divided with one party controls. The white house party controls one of the senate or the house actually markets do pretty well so the by the government doesn't necessarily mean a bad thing for the economy on your point though. I don't think you're gonna see the kind of things that democrats really wanted to have in their their in their onto streams that's not gonna happen in the senate and it's certainly not going to happen anytime soon whether biden is president or whether trump is president. Hey david just in terms of what that means sector wise i mean. Does it change anything that private equity is going to be looking at. Does it change anything. I hadn't seen earlier this morning. There were some big down decliners for like the solar stocks and things. But does this change anything you might look at. Is that create an opportunity. It's too early for anybody to say exactly what's to happen again. You don't know what the new president's specific agendas going to be what are also getting that through the congress. It's not easy on as we all know. Tax legislation really isn't written in the white house or even at the treasury. It's really written in the ways and means committee in the senate finance committee. Oh it's gonna be a long time before. We really see a significant changes. I what congress is gonna do most late. It's lame duck is deal with the stimulus issue. And if a stimulus isn't passed the lame duck. I do think it's going to have some impact on the economy that won't be favorable. Markets have anticipated a stimulus bill. We can debate the size of it. But i think of a stimulus. Bill isn't in the lame duck and or early in the next administration. I think the economy's going to have some real problems because it's hard to sustain the economy. We have long as there's no vaccine out there and vaccines probably going to take some. Wow before were fairly distributed around the country so even when the vaccine is available so i do think that you're gonna need a stimulus and that's going to be the first order of business in the lame duck in my view or in the next administration but i mean the lame duck will be clear. We have to get a stimulus through. Hey david i just the testing a little bit of a bouncing your step in terms of i mean i know you're in the carter administration. I know how you lean a lot of times. You almost sound relieved that some of the the most progressive policies are are off the table. Now and i'm wondering if the democrat whether you you think that wing of the party was too far left. And and i don't know whether it has to do it. Maybe it's a carried interest stuff. You feeling better because i know.
"barry diller" Discussed on Squawk Pod
"Amount of I mean conference space MGM s four, hundred, sixty restaurants. They have hundreds of venues brainer taming from two, thousand, sixteen, thousand to smaller venues the the the the very idea of Las Vegas built over the last I don't know hundred years or so or seventy five years. that. Dot Place where where there is so much pound for pound entertainment ch, and by the way at all levels from the very highest level to middle to transient to leisure it is a place that you that again. I don't think you're going to build a anywhere in the world certainly not in Saudi. Arabia and they're talk of this kind of Neum neom city or whatever it's called glut. Las Vegas is without question when it safe. We'll come. Back. Without probably bigger just in the early period just because of people's explosion of people wanting to get back to life. I think the same is true travel of course, and but you can't get travel back until you get. Planes and and regulations. Air Regulations. Territorial. Into a place where people can without worry go they WANNA go? The thing is flying in a plane is safer than about any place other than Probably being on a beach with the wind blowing a against you the. Air's refreshed every three or four minutes. It's utterly safe. So. Managed to taxpay- taxpayers be continuing to support the airlines. Well. Yeah. 'cause if you if you actually lose the look the thing about Las Vegas. That infrastructure is GONNA stand. There's you can't take away I mean. Take, the away people will come back. The place was still be going the lights will be on the problem with planes is air. Airlines's if you actually because there is just no business to sustain it. If, you can't rebuild. These things is going to be really difficult very just listening to what you're saying about airlines being very safe places because they circulate the air I mean there have been documented cases. I was just reading another one a couple of days ago about cases where people picked it up on the plane, not not even just in coach, but also in first, class? where You think you have a little more space. These were early on in the pandemic. So I don't think people were wearing masks in the same way that they are on airlines. Now general when you're talking about this, when you say you keep moving out the date, it's because we'll watch the hell going around. Do you have experts that you're talking to when you're trying to figure out you're. Preparing for how this works when you get it. Until there is a vaccine. Nothing you can't you can't be certain about anything it's. To me been I think it's absolutely true that work from home does not work I mean it can work in little bits and pieces does not work. How do you get the right? Now some of our offices are open. And, we said to. PEOPLE IN OUR COMPANIES COM. It's safe here we're all the protocols all that we won't demand you come. If you don't feel safe and guess what no one comes. That's the experience of I think almost everybody in a in any of the earliest openings of opposite. So you're this day by day I. Mean I said that for instance with Expedia on November? Fifteenth Me Is the last day. You could say to people. Okay. Plan to come back to work in January. Because people have to make their plans and do all of that stuff. I was really hopeful that that when you got get to that day that you could say, okay, come back January first. I don't believe that's probably true now. Because again, the the daily thing you you don't have to go far to learn that everybody is telling you it's still not safe. So until you can get the demarcation line again I think it's probably Realistically, if you could ever used that word in this craziness, it's probably June of next year before you can say by the way. Employers are going to have to say you are coming back to work. Out unless you have some reason absolute reason that you can't but you're coming back to work. Until you say that nothing is going to start again. And by the way in New York City. Safest Place, there is probably right now. Can't go to school I the idea you. The precursor to all of this is getting schools open. And were. United States has done about the worst job of anybody in that regard. Barry. Let me ask you about the implications of this time on, which is obviously a longer time than I. Anticipated earlier and a lot of people had anticipated earlier. But what are the implications as an investor? And as a businessman who's thinking about what the world looks like if in fact, the world is is shutdown or at least slow down between now and next summer effectively. Does that mean there's going to be trying to keep a lot of cash on the sidelines because you think there's going to be more and more opportunities because certain companies won't be able to make it through how are you thinking about all of that? Both personally and professionally every nickel you can keep it in whatever bank who whoever it's banked You just I just think now is the time I mean look we made a significant investment. A billion dollars in. MGM during. This period. And this the crisis allowed us to do what we thought was. Extremely, money good meaning. We.
"barry diller" Discussed on Squawk Pod
"Dr Scott Gottlieb, we are seeing pretty sharp take care of the United States now whether or not that's opposed Labor Day bound sports the beginning of an uptrend heading into the fall. It's unclear right now deal or no deal media mogul expedia and ICY Chairman Barry diller on the TIKTOK. Oracle. Bite. Dan's government situation Komo deal. So I don't know that it means much of anything at the moment. The whole thing is a crock and lucky for joe another spiked seltzer for him to try Coca Cola aims to release its first hard seltzer in the first half of twenty. Twenty one. They're light and I like all flavors. It's Tuesday September Twenty Second Twenty Twenty squad pad begins right now. Good morning everybody welcome the Squawk box here on CNBC I'm becky quick along with Joe Kernan Andrew Ross Sorkin, and we're GONNA start with the markets this morning after yesterday's Big selloff on wall. Street the Dow was down by almost a thousand points at one point during the session but close the day down by just five hundred, ten points. That's the good news is a decline of about one point eight percent. The S. also fell by more than one percent. It made a recovery as well, and then if you were watching the Nasdaq that was a bit of a miracle comeback, it closed down by just A tenth of a percent after a late day rally guys, this has been pretty interesting watching the course of what's happened over the last month we are talking about down month potentially for the markets as we get deeper into this month, we have looked at four sessions in a row that we've been down for both the SNP and the Nasdaq, that's the longest losing streak we've seen since all the way back to March. But again, if you're looking at some of these numbers, you're just talking about the lowest levels for the Dow since August and the lowest levels for the SNP and the Nasdaq since late July. We had month after month. Context month after. Month I think we had April May June July August all up. Aren't they or close to it yesterday stocks only go up they only go up not in September September's important month but always kind of typically week month. But in an election year with an incumbent it, it can take on added significance yesterday the Nasdaq I looked at it. It almost came back three hundred points I'll quiet when I find look almost two hundred, the Nasdaq can. Move Man I mean that that can move that can be you know we can see it down four or five hundred points, and then it's down you know fifteen points and like what I bet that the Nasdaq closed higher today I have no idea it's up now and that's a pretty good moo seventy points compared to the others but that could you could look at it mid morning and it could be totally different and then the rest of the. It's not the tail at this point seems I get kind of the of the dog you know Anyway. Especially, because those big tech stocks makeup such a huge percentage of the overall. SNP. Market. Cap Caplis of. These things in the leadership two moves. Yeah. For All of these things. Made a pretty impressive comeback rally yesterday too crazy risk off yesterday though a gold that's supposed to go what Bitcoin is supposed to go up on things like that happen and it it's weird I it just seems like that's where you'd start. We're thinking about it's just money you know what I mean it's just Zero percent and I I was digging into the Dow yesterday because the Dow was so weak at one point I started looking through Dow components to see which ones were the weakest at any given point Dow the Dow Component Dow was under significant pressure. It was down by more than six percent but then he saw declines of more than five percent for for stocks like Caterpillar you know it was the industrial names that were really getting punished Chevron and and and that could be traced back to this idea of if there is a second lockdown the. That, maybe that's something that people start worrying about. Those were the ones that are expected to be recovery stocks as the economy continues to improve, and those were the ones that really faced a lot of pressure yesterday at least among the Dow stocks. Coca Cola CEO, James Quincy Tells CNBC that the company plans to release its first hard seltzer in the United States in the first half of next year. This is the first update on the product since it was first announced back in July. Here's what Quincy told. Kramer last night on mad money. We're GONNA follow the. Consumer. y'All days people much more regimented about the category, State, stadium, and there wasn't so much lowering up by consumers of mixing matching categories and think these innovations we've seen including hot Celta are trained to the consumer looking for new things. Coca. Cola plans to release the hard seltzer the to- Chico brand that had acquired back in two thousand seventeen. It will be the first time. The Coke has had a presence in the US alcoholic beverage market since it sold its wind business in the early nineteen eighties and guys I have yet to try any of these hard seltzer. Taking, people taking these storms I know you're into Joe love him yeah. I really have enough. Liked their light and I. Like all flavors I decided I've been. Mostly, White Cli- Andrew, you can get a little variety twelve pack. You can get a comes with the brass. I'm. Do. You guys remember Zima do you remember Zima? That's a beer. That's a better filling beer this. Look here's even sit Lewis Clear. It doesn't matter. It was heavy and fill it tasted like a big Karbi beer. This is no this is I haven't tried any of this. Does it taste like Bartelson, James? No God no. I wouldn't be caught dead with wine cooler. Becky. Here's what it tastes like. Okay. You Go from drinking soda and then you say, wow, this artificial sweetener might kill me quicker than sugar. So you're saying I'm not GONNA do that. Okay. So then you start drinking the the Poland springs lime or the raspberry lime or the And then that you get used to that and it's great just add a little bit of our gateway go up. It's like a it's like a Poland Springs Seltzer. Lime Seltzer with just a little alcoholic perfect. You can have a couple of for movie was your gateway. Gateway drug for this. Yes. That was my gateway and actually that's true about Andrew. Because we remember we ask them as one vice and he goes well, I don't WanNa really admit to it on national TV but I do during sparkling water that was your Vice Sarkin that was remember but then he's actually been drinking Dick De. Is Bad for your teeth. Is. It went t thirteen on. With a Straw. Drinking with a straw if you care about your teeth a paper Straw to in your. Environment. Your teeth of the. Metal. Straw then I guess this is reusable Straw. This was a big culture shift because you know the beer beer is just it's just too heavy. You know. Those first six go down. So smooth you know what I mean and Why laughing. Coming up on Squawk pod. The U. K. is working to ward off a second wave and America is heading into flu season I. think that there is a real risk that we're GONNA see rising cases towards the end of this year. Now, that said, I do not believe that we're going to reach back to certainly a national stay at home order Dr Scott Gottlieb when we get back. Takes conviction to see beyond the turmoil in today's markets. That's PG the investment management business of Prudential with a legacy of risk management discipline and investment experience through thirty market cycles. PJ is prepared for today's challenges. P Jim Brings long-term perspective and deep expertise across public and private markets globally outlast today's uncertainty with PG find out more at PGE DOT com. That's PG I am DOT com..
"barry diller" Discussed on Masters of Scale with Reid Hoffman
"Rupert Murdoch borrowed. A billion and a half dollars. We bought the METROMEDIA television stations and eighteen months. Later, we started Fox broadcasting. So they make a billion and a half dollar bet on a new network, Fox? An incidentally Fox was not known for any political viewpoint in those days it was a brand new TV network that had no founding vision other than it wasn't ABC NBC or CBS. It would be the alternative network which raises the question for Barry. What is alternative actually mean as bear was thinking about this idea of being alternative a project hits his desk that brought this idea completely in a focus. Once again, the words serendipity comes to mind one day. A project comes into Fox. And it's called not the cosby's at that time. Bill Cosby is the biggest star. Yeah, the most successful program on television. Bill Cosby who think of otherwise yes. He was the number one show on NBC. This was a series about a family as against this huxtable family of perfect nece. This would save really Rodney. Noisy. Unpleasant family which became married with children. So here's where the process begins. He finds a counterpoint to conventional wisdom. Let the other networks have their sweet smug families shows he'll make married with children, and now he wants to bring more of those at reverend noisy shows than the market and it was as alternative. As you couldn't be more alternative and our first big success that was the vein and I've always believed when you find a vein. Thicken it any way you can this of course is where the simpsons came in. And you might think that after green-lighting the symptoms. Green, light any show he'd like on the contrary he fights he fights he fights he fights he fights to create a signature style that no other network can imitate an infinite learner will never look at a competitor and say, let's hedge our bets and copy that though breakdown what worked the warm family come and take a hard turn in a new direction, the rotten noisy irreverent family sitcom, and with each hit they create the taste by which they're relished and anything short of that in opinion isn't worth trying the principal to me is you can't cheat that you know everybody tries. I think in that there are no short cuts and I think that also that the principle it is tied to that is. Exhaustion is when creativity starts if you put people in a room, you take them past their endurance level. And that can come in the third hour the Twenty four hour fifteen or whatever, but it does come. Fat. Moment which is what I think is breaking again at down and down and down. Is. The beginning of something that's value and I? Think, it's very important to recognize to be can't relax in it because it's frustrating time is very frustrating but. To, at least have some equanimity about about that and it took us a while to find out something that seems so obvious. A fourth network so obvious and given the average household can now flip through a hundred ninety channels. It was rather long overdue idea when you think about it. There's just one problem for Berry. Once an idea seems rather obviously good. Guess what he gets bored again, only this time he wasn't just bored of his job. He was bored the entire business of storytelling I decide after eight years at Fox. That now been running movie companies for eighteen years television companies. and. If I never saw another script, I would be happy person think about what barriers saying here, and if there's one thing he knows at this point in his career, it's how to spot a good script. He can scale a whole media empire from that finally hone instinct, and yet here he is at the highest career saying he never wants to see another script again, I know a lot. Of serial entrepreneurs who seek fresh challenges, but usually within an adjacent industry if you look at the arc of my career from building online dating site to pay pal to linked in, you'll see a particular fascination with network affects. How can I create an online network for dating payments or jobs that adds value with the addition of each individual user networking in the digital age? Is Just my thing. Berry on the other hand is ready to take a leap in a wildly new field, which means he will also have to tackle a new learning curve that very few entrepreneurs survive for the first time. A user interacting with a screen, not just passively viewing content but engaging with content shaping the content he is transfixed. Can you imagine how exciting it is to go from understanding a screen and being? Probably I mean. A lot of other people understand narrative and screens, but God knows I did. Go into. yes. Well, it's the blank page, right? Absolutely. A new blank pages. So. What was this incredible user experience that would force Berry to question everything? He's learned and Kenny really fill this blanket the blank pages with a sensible plan. He's an infinite learner he has no choice but to try. Reed Offman. Thank you for listening. And now a final word from our sponsor capital one business. It has become so clear to me that it's not going back to normal and I've got to create a new model. That's GONNA. Work if back to normal never happens. We're back with Brett rettig of Dallas's grit fitness, her new normal a hybrid of in person and virtual classes. I was going to open two more studios next year at that plan is probably a little different. Now, I'M GONNA to learn a lot more about selling digital content virtual is growing quick, and we want to capture a big market and we can't make a mistake honestly a lot of fitness studios made in the beginning and they didn't put any virtual content out until two or three weeks after the shutdown. By. Leaning into Digital Brit can extend the grip brand with its focus on connection and empowerment beyond Dallas. I had all these virtual members who are not even in Dallas they. Oh, my God please don't stop the virtual when y'all reopened because this is what's keeping me sane. There's so many women I've realized who are yearning for connection and we can't reach them if we're just in Dallas and so now know there's just this need to be more courageous so that we can achieve our new goal, which is to be a global leader of women's empowerment. It's a tall order but Brit believes grip can rise to the challenge. I am truly truly truly believed that it's a privilege to be an entrepreneur doing a crisis I have to take this challenge on because my company is called Grit. Grit is about the hard work you do actor the hard work you've already done. It's about passion and perseverance for the long term. I can't quit. Jen Gorbachev Commensurate for leading with vision courage and yes grit..
"barry diller" Discussed on Masters of Scale with Reid Hoffman
"Your host. I believe that no one can truly claim to be a master of scale. The most successful sailors are actually just infinite learners. This may sound rich coming from the host of master scale. It's right there in the title and in the past episodes, I've called facebook's Sheryl Sandberg a masterful leader and Google's Eric Schmidt a Master of innovation. I stand by those assessments, but I would add one caveat. None of us actually reaches a steady state of mastery. We're all constantly learning on the job if Cheryl Whatever said, I've mastered this whole leadership thing that I would argue that's the moment her stellar trajectory would turn south infinite learning as a job requirement for scale entrepreneurs, and that's because almost every scalable idea forces you to grapple with emerging phenomena everything around you is changing your business, your market, your team, and you can't turn to one expert for help because there are no experts and depending on your personality, you may find that exhilarating or terrifying. Some people have a fear of. The blank page. Berry has precisely the opposite problem. He's repelled by the faintest mark on the page by anything that's preordained I. Think the best thing that you can have a clean piece of paper you know see your clean piece of paper and in the truest sense of clean meaning nothing is sacred. You get to just start I wanted to talk to Barry diller about this because he embodies the idea of an infinite learner, you probably know him as a media type, but you might just be surprised by how many media conventions he created. He reinvented television networks and then movie studios. He revolutionized home shopping. Then he bought up a startling number of Internet properties today as chairman and senior executive of Interactive Corporal, he owned stakes, and travel services, dating APPS, and new media sites ever heard of Expedia. That's is Ditto for tinder and okay Cuban also niche dating sites like plenty of fish and black people meet. Those are diller specials the daily beast video, college. Humor his his his you can hardly use the Internet these days without encountering one of diller's properties. So how did bury make the leap from media mogul to interim mogul? That's a big question that gets the very heart of infinite learning and we're GONNA see how Berry made that leap over the course of two episodes, which also happened to follow the arc of modern media. Berry's career started in the mail room at the William Morris Agency you may think you've heard this Hollywood legend before he works hard. He stands out he gets him bigwigs attention but that's not quite how it played out. I thought I would just soak it up in the hallways. But what I discovered while all of the people in the mail room were basically sucking up to agent so that they could get to be on their desk and then. Fastest track possible to be agent. Barry on the other hand had no interest in becoming a talent agent and this is where his story diverges from the other fabled Hollywood execs. Buried ignored the people at William Morris and focus instead on the neglected little file room roughly thirty by fifty feet across there was this room and it was the file room. Days. There were five rooms with file cabinets and paper. And it literally covered the history of the entertainment.
"barry diller" Discussed on Masters of Scale with Reid Hoffman
"With a legendary Barry diller from two thousand seventeen his insights on being an infinite learner are more relevant now than ever before and I love his insight that you're actually your best when you know nothing. This is part one of our interview with Barry and if you enjoy this first part you're encouraged to go far in part to in our library. And now on with the show, every executive in every entrepreneur will face moments of truth. Moments when their skill is judged when they're worth is determined. When the powers that be cast votes and determine if your project or company lives or dies. Berry. Dealer was facing one of these moments. The Media Titan was in screening room presenting a new alternative Sitcom to a group of executives. Not going well. But when you're watching something with a group of people and you're involved in it and they're seeing it for the first time. Is You laugh a lot. Partly out of pride and partly. Because you're almost like daring everybody else not to laugh apart from Berry and the creator of the show nobody was laughing the only to let people laughing of like. Ten people the tension in the room was palpable. Berry had already ordered thirteen episodes and everybody agreed it was a mistake. Well, is there any way to get out of this? Is there? Anyway, this is a disaster we can't even put this on the air. Berry was the CEO of the newly founded Fox television network back. Then it was the gutsy alternative network, a challenger to the establishment. Well, we were the fourth network so we had. Not Be like the other three. The only thing we should do is be an alternative to the three networks. Berry wanted to write his own rules he wanted to be alternative. What was this alternative show that Barry was? So convinced would be a hit. Probably. The most successful series and history of television the simpsons. Very Dillard Greenland. What is now the longest running? Sitcom in the history of television he brought US homer March Bart, Lisa and Maggie, and of course, itchy scratchy. And I would argue that various reaction to this challenge to the way he almost revels in his ignorance is a hallmark of his career. He thrives at the bottom of a steep learning curve ball my life the only things that interest me are things that hadn't been done. I learned really early that you know you are best. When you know nothing. I mean. You have your life experience or who you are and all of that. But your best often situations where there are no markers. Many of the iconic entrepreneurs that I've met start out in the same position at a point supreme immigrants what sets them apart is not their mastery of any given field but the speed at which zip up learning curve, they have no baggage habits they're naive and therefore nimble, and if you can turn your naievety into an asset I'd are.
"barry diller" Discussed on NewsRadio KFBK
"Dot U. S. all right this cannot go on fox it it cannot go on even Barry Diller now is calling this cataclysmic and it is cataclysmic and we've done it to ourselves and it's time we stop we're at a point now where no matter how many people die from corona virus if if it's it's not gonna work quite to the damage done to the U. S. economy twenty two million people have lost their jobs stop and think of this is not some academic number this is a number it's affecting everybody the twenty two million who are without work the rest of us who are without what they do we are without the the job the production the the service whatever those twenty two million people do we don't have it is hurting all of us and it's scary that there are still people who want to maintain this and have it get even worse literally scary but this is as I have been saying I've been over using the word this isn't sustainable and hasn't been sustainable for a month it has to change we have to get serious about some things and we have to admit some things to ourselves and we have to adapt which is what we human beings are great at doing we adapt to what ever we find this is why the the apocalyptic nature climate change is ridiculous will adapt whatever happens your climate is always changing the argument over whether man's do it we adapt human beings always have all others are in in the in the life chain other animals adapter they don't make it F. as some people call an application evolution I want to stay away from the word the point is we're gonna have to adapt and by that I mean we're gonna have to adapt and accept that people will continue to die after we re open the economy we have to remember that people die every day in America before the corona virus came along we have to remember I love the flow comparison that I gave yesterday that's a stunning and by the way the modeler who hasn't yet been right was on TV again today saying he's breathlessly going to have new data this afternoon and the new data is going to project even fewer deaths than the current sixty one thousand deaths that his model is projecting by August in two thousand and eighteen in that year's flu season eight hundred and ten thousand people were hospitalized and it did not put any pressure on the American hospital system you don't even remember it nobody was even complaining about it because we've accepted the a number of flu deaths because we've got a vaccine people think there something we can do about it the number of hospitalizations and covert nineteen doesn't even approach one hundred thousand we have not stressed the hospital system we've had one area of the country which has received the bulk of this it's New York and the media has tried to portray New York as a four runner who what was gonna happen the rest of the country just as they did in the eighties when they tried to tell everybody that age was going to jump the chain and become a heterosexual the spread disease and we were all dead that never happened the same thing here projecting what's happening in New York New York the four runner New York's the cutting edge get ready in New York is coming.
"barry diller" Discussed on 106.1 FM WTKK
"U. S. all right this cannot go on fox it it cannot go on even Barry Diller now is calling this cataclysmic and it is cataclysmic and we've done it to ourselves and it's time we stop we're at a point now where no matter how many people die from corona virus if if it's it's not gonna work quite to the damage done to the U. S. economy twenty two million people have lost their jobs stop and think of this is not some academic number this is a number it's affecting everybody the twenty two million who are without work the rest of us who are without what they do we are without the the job the production the the service whatever those twenty two million people do we don't have it is hurting all of us and it's scary that there are still people who want to maintain this and have it get even worse literally scary but this is as I have been saying I've been over using the word this isn't sustainable and hasn't been sustainable for a month it has to change we have to get serious about some things and we have to admit some things to ourselves and we have to adapt which is what we human beings are great at doing we adapt to whatever we find this is why the the apocalyptic nature climate change is ridiculous will adapt whatever happens your climate is always changing the argument over whether man's don't we adapt human beings always have others all right in in the in the life chain other animals adapter they don't make it F. as some people call an application evolution I wanna stay away from the word the point is we're gonna have to adapt and by that I mean we're gonna have to adapt and accept that people will continue to die after we re open the economy we have to remember that people die every day in America before the corona virus came along we have to remember I love the flow comparison that I gave yesterday that's a stunning and by the way the modeler who hasn't yet been right was on TV again today saying he's breathlessly going to have new data this afternoon and the new data is going to project even fewer deaths than the current sixty one thousand deaths that his model is projecting by August in two thousand eighteen in that year's flu season eight hundred and ten thousand people were hospitalized and it did not put any pressure on the American hospital system you don't even remember it nobody was even complaining about it because we've accepted the a number of flu deaths because we've got a vaccine people think there's something we can do about it the number of hospitalizations and covert nineteen doesn't even approach one hundred thousand we have not stressed to the hospital system we've had one area of the country which has received the bulk of this it's New York and the media has tried to portray New York has a four runner who what was gonna happen the rest of the country just as they did in the eighties when I try to tell everybody that age was going to jump the chain and become a heterosexual the spread disease and we were all dead that never happened the same thing here projecting what's happening in New York New York the four runner New York's the cutting edge get ready in New York is coming.
"barry diller" Discussed on Byers Market
"Hey it's still in buyers senior meteorologist her for NBC News. You're listening to buyers market along. Barry diller is a titan a media mogul a Hollywood legend. The Guy who's yacht you probably want to be on. But more importantly he's a thinker. He's a man of ideas he has opinions and he shares them because after almost sixty years in this business. He's entitled to them and he's not beholden to anyone berry. Got His start. In the William Morris mailroom three weeks after dropping out of UCLA. He went on to become the chairman and CEO of paramount then Fox where he launched the Fox network and then USA networks after that Berry launched his current act IC- Interactive Corps where he has a portfolio of companies that span media technology news online dating. Oh and by the way he's also got expedia one of the leading travel websites in the world but one doesn't seek out. Berry to talk about the past one six at buried to talk about the future because he's got a really keen eye for where all of this Hollywood silicon valley media technology. Where all of this is going in this conversation with. Berry we discussed the soon to be launched mobile streaming service qube a disclosure NBC universal as a minority investor in Qube and NBC. News is producing a daily news show for the platform when I caught up with bury it was actually just a few days after the Oscars which he had a few thoughts on so without further ado. My conversation with Barry diller. The economy awards are often. They are either spot Makes THEM NOTHING? They are spot on or completely weird yes And most people thought nineteen seventeen was going to have it because it was kind of most revered film What was the thinking of the Kademi in rejecting it? Both for director and for film The Bong I I don't know in back of that or in front of it. I don't think anything matic do you? Don't you feel like it's long overdue? I mean I think about all the incredible non English language films. That probably could have won. Best picture any number of we but if you look at the film's who've won Best Picture. I'M NOT GONNA rip off on the ones. That are utterly ridiculous. In retrospect where you think they did that So I don't I don't think it's an indication certainly not an indication of Of Everlasting Excellence in film to me. The greatest the takeaway in the thing that my colleagues always WanNa talk about is the number that comes out the day after which is how many people watched and it seems to me like the amount of people. I think it's down to twenty three point. Six million that's lost. I think in a decade. It's something like forty seven percent. My guess is a guy who owns a nice portfolio of businesses is that if one of your portfolio companies came to you and said we we've had forty seven percent loss in subscribers over the last decade that you would probably offload that company as fast as possible do you worry about this sort of like waning interest in popular culture. Yeah well I don't think there is waning it. I think there's just so much of it now. We have to remember that the Academy Awards Motion Picture Business. Basically grew up a vote. Both pre radio than post radio with talking pictures in the thirties When that was it there was no television. Fifties come along. Television took a huge slice out of that movie business as never really recovered from that. But why would it when you know? Choice brings obviously options and those options chop up a previous majorities so the fact that every year it goes down means that to me. It is that they're not only many more options but also the motion picture. Business is no longer on it. It is no longer our cultural template And it yet this year in a surprise me In making movies that I've really come to believe there was no movie. Business left really an in the world. I understood it and the world's I understood at were was that movie company developed projects based upon. What interested them and they had anytime hundred to two hundred pictures in various stages of development then every year they'd make fifteen maybe eighteen pictures which was the kind of average there was no such thing as sequels templates Attend polls That night prequel. That's all that is that is only the last twenty or so years and that is totally changed the movie business. It is no longer. This business of development of books are ideas that you got interested in. It is much more marketing based and big big big picture. Bay I find that so disheartening. Should I think so because look what's replaced it as the creative basically template is streaming And cable replaced it basically. So you're seeing now so much work and really a lot of really interesting work in In in that arena. And you're seeing one off films being made directly for that not for theaters because the theater experience for sure a big three D. epic on a big screen find for theaters notice. That very few comedies are made. The comedies are what filled theaters because the communal experience laughing comedies feel strange kind of necessary. And when you're watching it all alone you don't you know you don't have a lot of advisors telling you when something is funny or just not telling you just by their actions joining with you in what's fun. So why are comedies harder to make now? It's just that there's less of an audience for them and also they're They're not thought of. There's no cutting edge. There's no Preston sturges Was a wonderful movie maker of the thirties forties. Probably that was the twenty year span and or Frank Capra right so There were some attempts at it but mostly mostly it's honeymoon in Vegas or You know Kinda gross comedy so I think the thing with the there is more. Obviously you can get movies. Tv shows all the continue on across more streaming services than ever. And if you want the big ten polls in the sequels and whatever you can go to the theater I think the thing I worry about. In the reason that I bring up to the issue of the waning interest and in the Oscars is. Maybe this isn't a bad thing but it seems to me like there is sort of a loss of a common a common narrative or shared narrative. And that perhaps when you were at paramount say you made a film at paramount in everybody sort of care or you first of all a kinda unlit norms amount of choices. You have now on all different areas gaming video Concerts now it used to be there. Weren't that many concert tours year now every week. There's something going on to go out and see so there's endless amount of choice and you could. How could you say it's a bad thing in a sense unless you want kind of one voice we had three networks than we had four through networks for fifty years And so the fact that you now have this amount of choice rather than everybody gathering around the whole concept of gathering around the television set on a Sunday night with your family. I mean not. Yeah and I do think there's this false sense of nostalgia that some people have for sort of more archaic time when there were fewer choices. But I will say this and maybe it's just because I cover the industry. I do sometimes feel overwhelmed by the vast amount of content. You know it's like Netflix is investing eighteen billion dollars original content and then there's Disney plus and there's Hbo Max and there's Apple TV. Plus which is Great. I just I don't know sometimes I go on and I just feel like you know you have to sift through this vast though. There's a vast amount with you watch. There's not a vast amount but there's a there's a norm ously greater amount. What do you like diversity and things to watch than ever before? Now they're still however a relatively small talent pool. Yeah so they're the expansion of that talent. Pull the pressure on the talent pool given the amount of dollars that are now flowing into it. The task productions of every stripe in color. You know it's not a surprise that that there's a lot of stuff but there's also a lot of really good. Thanks right. What do I watch you watch I watched a wonderful doctor. The other night Which one we've gotTA ME? War called American actress factory good superb and that was the Obama's first sort of foray and I didn't even know they had anything to do with it. I don't know what they had to do with it but it is really good work. Yeah and I What else have I cheer is fascinating Another doc yes you laugh because it's everybody smiles cheer. There's a new Harlan Cohen on Netflix. That I started watching. It's a little hard to get into little typically. Let's hide every fact so that you'll be stay tuned to get but we get to reveal some of them but I don't know It's it's all pretty good. Yeah the amazing thing is how I am. I think a great many people simply don't watch linear television anymore You know the idea. I don't think I've watched a broadcast network in year. Sly which I mean unless you want us as the thing is though you're live and stuff but the thing is is that some of the programs that they are doing are really good and yet he gets no attention to get no interest from almost anybody. They're Kinda here and gone Is that an argument. The last thing I watched was good wife which I thought was spectacular. Work is that is that. Is that a marketing failure. Is it a in growing intolerance for commercials? Is it just a sense that I think these broadcasts networks don't matter anymore except maybe for CBS? Cbs Because it's such a much smaller company but the other two are owned by very large companies very diversified assets and things. And I just think it's an attention So how much longer linear television get to like you know these things? Don't everybody says that there's this replacement there isn't a replacement what there is a segmentation. Which is they just go. Lower down in the mines in interests of mass people. They don't talk about them very much but But Broadcast Television Linear television cable television. I mean it's it's getting squeezed but it's an and its loses. Its numerical numbers. But they're still an awful lot of people actually watch it right And will probably continue to in some ways. I thought recently about broadcast television that increasingly because if you have resources you really don't want to watch commercials so you'll pay. What that means. Is that that. Broadcast Audience has basically advertising to people who can't afford their products so the end the per unit prices just keep rising to basically cover the Dennis audience. And how does this work somehow? Fewer and fewer people are watching. But you have to spend more and more as an advertiser. How does it work it? It seems to me. Like if I were an advertiser to certain point I would just be like you know what? Now what would advertiser doing? Obviously is they're increasing their amount of money that they spend on A. Let's call it non broadcast media. I it used to be for instance that if in just in the movie business is always always a big advertiser mean not as big as the car industry. Whatever but movie. Advertising a large segment of broadcast television the savvy people are movie advertising particularly companies like the group so good as a twenty-four Distributor. Ninety five percent of their advertising span goes into digital. They don't they. Don't buy spots anymore. That shift is gonNA continue to happen. Yeah just from the outside of feels like a suckers game but the thing I worry about what the you know. Let's say you're a company like Disney and you've got in the last quarter. They reported that. Espn for instance loss. Four point five per subscriber cable subscribers down by four point five percent. That's seems to me to be a pretty significant loss. There's a time when. Espn more than one hundred million subscribers. Now I think it's it's trending toward under eighty million. It's still by the way wildly profitable right but but I guess just that trend line even is offset muscles going to continue a look. The management of Disney got very angry with five years or so ago when at Sun Valley The Sun Valley conference thing. I was on stage babbling around and And I said why would six point eight percent of the actual viewing which is how much viewing takes place on. Espn pay a hundred percent of this.
Expedia: 500 people in Seattle will lose their jobs
"Travel giant Expedia group is announcing massive layoffs including hundreds of jobs on the chopping block at their new Seattle headquarters couples Joe Marino reports on the impact of the far reaching cuts one of the biggest names in online travel is about to send thousands of workers packing Expedia is laying off some three thousand employees a whopping twelve percent of its its total total workforce workforce so so this this is is part part of of their their plan plan to to simplify simplify and and streamline streamline as as they they say say Taylor Taylor Soper Soper has has been been tracking tracking developments developments for for geekwire geekwire says says Expedia Expedia chairman chairman Barry Barry Diller spelled out the problems in a recent earnings call he would call the organization bloated organizations that we kind of lost our way Expedia says
Expedia Stock Jumps on Strong Earnings and Cost-Cutting Plan
"Brian. Here's the story while Expedia withheld its guidance. Due to the uncertainty around Corona Virus Expedient Chairman Barry diller expects double digit growth in twenty twenty. He's also targeting. A runway cost savings plan of three hundred to five hundred million dollars. Now remember this is expedient as I support car since the firing of CEO Mark ochre Strom and CFO Allen pickerel on December fourth. Both were forced to step down. By GE Chairman Barry Diller over differences in opinion over how the company should be run. Now on the call diller said for years we lost clarity and discipline. We're going to stop doing dumb things but expedia also warning that it's going to be a quote noisy year because of the corona virus outside the virus three key challenges the company's trying to tackle now in two thousand twenty one driving margin expansion to growing its marketshare in short term rentals. Airbnb readies its IPO and finding more strategic ways to compete with Google the stock as underperformed over the past one year. But you can see the stock shooting higher here in extended trait up ten point five
A Look At The Coming Streaming Wars
"First up today on this Wednesday podcast streaming wars we've been talking about the streaming wars for some time at and T. says it will launch its new streaming service in May and we'll do so at a much higher price point than rivals Disney and apple here's what's going on guys Hbo Max will cost fifteen dollars per month that by the way in the exact same price as a regular HBO Subscription Bud it is triple the cost of apple's new service more than double the cost of Disney plus. Hbo Max Offer Movies and shows from HBO as well as the Warner Library including friends and the Big Bang theory and DC Superhero movies will also also struck a deal to become the streaming home of South Park Service will also launch with a new ten episode game of Thrones Prequel called House of dragons it said three hundred years before the events of the Arisen you know game of thrones HBO also announcing it will pick up a separate prequel to game of thrones. That was going to be starring Watts it's an interesting decision the pricing fifteen dollars it is by the way as we said it's materially more the dizzy plus an apple having said that the amount of content on it is mature really more than what you're going to get on Disney and specifically apple because apple doesn't have the library at fifteen dollars what it does is it forces the issue for cable operators because we going to do is try to jam the mass component into it because there's not an increased price it's actually very hard for a cable operator whether to charter a comcast or whomever to say we're not gonNA take this right and I imagine the goal over time will be to actually collect as many people into this as possible and hope it it becomes a this or network flex but he is a big challenge for that too especially if you're a family with kids so the the question concerts to work out how many of these do you sign up for many years so I think if you're family you're probably going to the question is that the deal do a Disney I think every is going to do at least for a while and then is it in does it is it a net flicks versus Hbo Max is that how this is now gonna be we have peacock by the way that'll be free right it's a separate issue where does hassles I wonder whether who gets pushed out in all of this meeting if it's if if we're playing an either or game net flicks I understand a lot of people up it'd be with that because HBO that people already have it maybe they get Netflix Hbo but then it makes them so much harder for who the biggest issue is where the content is down the road because all of these decisions can be changed very quickly with net flicks you can turn it off any month if you don't WanNa see what's wrong with any of this but I think what's going to change in all this is the pricing right now you're right and we talked about this all the time you can turn right out on any given month but what's going to happen I imagine over time you're starting to see with Disney in terms of price trying to line up for a year careers I in for a year by in for three years and I think more and more they're gonNA offer discounted packages to stick which is also these introductory offers never last they wanted to get a couple of quarters under their belt and they're losing money or not making enough money I don't think netflix where gradually raise prices over I know a lot of people were lately saying prophets you don't necessarily want to maximize those but in general I think you want to try to get to that point of elasticity where right where the vote will keep it and you'll be able to at least have margins the real question to me is on. Hbo How many more people are gonNA get HBO simply because it has this bigger libraries Oh really gonna be what's going to get you to that next potentially I mean that seemed to be what was sticky for Netflix having all of these things having the library of content that they had aid for to keep in House that's what a lot of you know from as much as we know about Netflix worship that seemed to be what a lot of the viewership was around aside from these big releases every so often well but then you had people grit Greenfield come on and say you don't need any library all you need is a handful of great shows that people feel that they're addicted to nonetheless we're GonNa talk all about this and the streaming Moore's later in the program because we're GonNa be joined by the one and only media mogul Barry diller this news with the two game of thrones that was big news for my son that they did they ran out of the star wars and he said that people online are saying well it makes sense because they bailed out of the last season of game of thrones too stop stop people have seen it it's been out anyway he likes to watch
"barry diller" Discussed on Something to Wrestle with Bruce Prichard
"And we figured that we would revisit it down the road after you know, he got some age under him and let him go work in Calvary and just get some time underneath him. Well, so there you go. Do you think it ever happens? Do you think he I mean, has that passed in Bonao Audi, think I, I enjoy watching him on Emel w on being sports and know you're working with them down there and he's thirty eight. So it's while it is a little older. It's not. It's not exactly. I mean, a lot of guys, you know, have their best. Here's in their forties. What say you? Is there still a chance? He think there's always a chance you never say never in this business in you take into consideration, pedigree in his talent, you look at him. You never say, never. There could be a spot there. The teddy Hart today versus the teddy art, then they're two different people. And he's, you know, had a lot of living underneath him them. He's grown up a lot. So. Only time will tell, and that's that's really up to him to either make it happen or not. Let's talk a little bit about the television rivalry broadcast again, cable, which is an industry trade runs a huge story on the wrestling boom, and the story claims that the WWF is negotiating a network deal, but wouldn't say which network and the story is really focusing on how national advertising for both companies is booming, at least on the network. But there's a bunch of advertisers who still won't touch wrestling because of the violence. And some folks would even say because the bad language Bischoff would say out of desperation in order to get bigger numbers, they're going with gratuitous. TNA and women mouthing the f. word I have nothing against going for hardcore adult themes. If your network will allow you to do that. I think it's irresponsible in the long term and I think Vince McMahon shooting himself in the foot. Now, of course, Bischoff is saying that, yeah, the WB f. as using adult themes, but they're selling ads. As for children's products and you continue, I'd like Barry Diller. There's the head of the USA network, the justify how he sells super soaker, Eminem's and video games on a program that has half naked women saying, fuck you. And when questioned the man would say, adult see candy is well what they're trying to do, say that we are so easy that our advertisers are going to leave us, and that's not true advertisers are knocking down the door and trying to get into what we're doing. Our advertisers understand what we're doing. Chat me up here. What say you you were there? You were there when it was a lot more cartoonish in the eighties, and now it's very adult here. What was your take? Because I know a lot of people in the business would say, I wouldn't let my kids watch this, but a lot of the ads are still targeted to children. Obviously your kids or an old enough here. But let's say amber and Kane, where eleven would you have? Let them watch your show in nineteen ninety eight. I think I probably would have watched it with him and there's probably some things I wouldn't have let them watch. But I, there were a lot of shows that they wanted to watch growing up. Then I, I would watch with them and explain it to them. So yeah, I am that parent. I am that guy that if there was something they really wanted to see and they wanted to watch it. Okay. Let's see what this is is. I wanted to know what the hell they were looking at and you watch some of the stuff that's on MTV right now geared towards kids that kids are watching it and it scary. But I think it's incumbent on the parent to watch what their children, what their kids are watching monitor that. So that's my answer to that. I think that the advertisers were coming to us and the advertisers did want to advertise with us regardless what those advertisers were rabbis ING. It's ironic Eric Bischoff with talk about how we copied him and we did all these things that they were doing..
"barry diller" Discussed on The Information's 411
"That somehow you know dara was was actually benchmarks candidate to be honest we don't have all the facts yet be it doesn't matter but what we do know and have learned is that daniel act the ceo of spotify right all people had something to do with as line ah on our to throw another randall truth in a goes to be sun valley article gaza very nice guy and um you know both both the annual and dara um we're at sun valley this year together so presumably they talked a lot there but travis was also on a yacht owned by barry diller a few days after he resigned in the end of june berry dealer is you know the uh the former boss of of the new rossiya of dara and a yacht lover and he hot lover oliver of many things and he yeah so the he's friendly with with travis and you know who knows maybe the name came up there uh at some point so i think that it is really interesting after the fact it to see the different sides jockeying as to you know who who won but it is clear that uh you know the dara is there to stay right this is a this is a longterm job for him and when you say by the way you know jeffrey immelt was the travis pick in meg with the benchmark pick ultimately what that comes down to is whether or not there'd be deferential to travis and in a case of jeffrey immelt there seem to be some sort of unwritten plan that after two years he would have left than trappist would have kind of reascended to that position middle thinking maybe but it's all sort of academic now but york clearly clearly toward the end um that that kind of crumbled quickly and look at one point uh as as we in others reported peg was for all intents and purposes in the lead and there is a bit of we and everyone else reported that again that was the that was the store right and uh and you had a situation where.