20 Episode results for "Warner media"
Tue. 04/21 Sonos Radio
"Welcome to the technique ride home for Tuesday April Twenty First Twenty twenty. I'm Brian McCullough today. Sonos launches its own streaming radio service. Huge trove of facebook accounts has been purchased on the dark web. Google goes with free to compete with Amazon and product. Search kickstarter is seeing a huge drop in project launches and we finally have a date for the HBO Max Launch. Here's what you missed today. In the world of tech so knows has launched its own streaming radio product called appropriately. Enough SODAS RADIO. It comes preloaded now on the SONOS APP with more than sixty thousand stations from multiple partners alongside original programming in his free to use and it should show up in a software UPDATE ROLLING OUT TODAY. Quoting the verge. Sono says radio playback accounts for nearly half of all the time that customers spend listening to its products quote complementing the one hundred plus streaming options available on Sonos. The new service introduces a holistic and cohesive way to explore radio bringing together more than sixty thousand stations from multiple streaming partners alongside original programming from Sonos. The company said in its press release. These partners include tune in and iheartradio too obvious goto picks for this category in the local radio section of radio. You'll be able to easily pull up your local. Npr Station Sports Talk News shows or other favorites or listen to something from across the globe. If you choose you won't get every feature of tune in or iheartradio as part of Sony's Radio but the partnerships off the core function of streaming live radio sonal says more partners including radio DOT com in the US and global in the UK are coming soon but the second more interesting pillar of Sonos. Radio is original programming found under the SONOS presents section and this is headlined by an Ad Free Station called sonos sound system. Think of it like apples beats one. The company converted the basement of. It's currently closed. Flagship retail store in Soho into a recording and production facility and quote. There are also artists. Curated stations the first of which comes from radio heads Thom Yorke and also sonos stations which are genre based stations. That do have ads on them. I'm currently testing all of this out. As I write these very words a cyber security firm says it has bought a database on the dark web that contained the personal information of more than two hundred sixty seven million facebook users including full names and phone numbers. The researchers paid five hundred British pounds or about six hundred and twenty three dollars for this treasure trove. This is from bleeping computer quote. Last month security researcher Bob de Chaco discovered an open elastic search database that contained a little over two hundred sixty seven million facebook records with most being users from the United States. For many of these records they contained a user's full name their phone number and a unique facebook. Id The ISP hosting the database eventually took the server off line after being contacted by Janko soon after a second server containing the same data plus an additional forty. Two million records was brought online but was quickly attacked by unknown threat actors. Who left a message telling the owners to secure their servers of new data sixteen point eight million records included more information such as facebook users email address birthdate and gender. It was not discovered who these service belonged to but the Chanko believed that it was owned by a criminal organization who stole the data using the facebook. Api before it was locked down or via scraping public records and quote the researchers told bleeping computer that they purchase the database so they could add the data to the M. I. Breached Dot Com breach notification service. So I guess look for yourself on their soon note as well that the data does not contain passwords but since it does contain email addresses and phone numbers this could obviously be used for spearfishing campaigns or even SMS. Text messages pretending to be from facebook. I think I said this last time but I had assumed that the APP store was pretty much everywhere. It could be by now so I continue to be wrong about that. Because apple just announce it has launched the APP store. I Cloud Apple Arcade and apple podcasts. In twenty two countries I knew this one was still rolling out though they also announced that apple music has expanded to fifty two new countries so since I seem to be behind the eight ball on this coating tech crunch for the official tally quote. App store is now available in one hundred and seventy five countries and regions whereas apple music has reached one hundred sixty seven markets in comparison music streaming service. Giant spotify is available in fewer than one hundred nations. We're delighted to bring many of Apple's most beloved services to users in more countries than ever before said Oliver Schuster apple's vice president of Apple Music and international content in a statement. We hope our customers discover their new favorite. Apps games music and PODCASTS. As we continue to celebrate the world's best creators artists and developers he added and quote in an effort to combat. Amazon's dominance in product search. Google is now leading merchants list their products for free in the Google shopping search results quoting search engine land. This is an evolution. We've been watching closely and in many ways is a back to the future moment for Google product. Search which used to be free. Remember Frugal before. It shifted to a purely paid product in two thousand twelve. Two things have changed since that time. Data Quality Amazon before going entirely paid Google's product search suffered from a quality problem with listings that often lead to out of stock or entirely different items altogether Google's ability to ensure that the information in a product feed matches. The data on the site has advanced significantly since then. Then there's Amazon. Google has seen the ECOMMERCE. Giant continued to gain share in product search advertising limiting the universe products available in Google shopping results to those retailers. Who are willing to pay has put Google's search power at a disadvantage opening up to all merchants will enhance Google's offering and its appeal to both sellers and consumers and as on Amazon merchants that went to ensure prominent visibility in the search results. Now more competitive with more products eligible to show will continue to pay for ads for e commerce marketers. Seo's the move adds a new layer to organic products search optimization efforts and quote the main Google Search Page will not change and those carousel of ads for product listings. That you sometimes see will remain at only. It's in the Google shopping hub. Where you'll start to see these free listings. Which will be generated by product? Data feeds uploaded to the Google Merchant. Center sellers have to opt in to surface their products across Google for these listings to be visible. Facebook has controversially removed some events pages that called for protests of stay at home orders saying quote events that defy government guidance on social distancing aren't allowed and quote quoting from NBC News. Facebook has removed post promoting events in a handful of states. Planning protests against stay at home measures meant to stop the spread of the Krona Virus. The events which were planned in California Nebraska and New Jersey violated protective measures imposed by governors. Facebook said quote unless government prohibits the event during this time. We allow it to be organized on facebook. Facebook spokesperson said in a statement for the same reason. Events THAT DEFY GOVERNMENT GUIDANCE. On social distancing aren't allowed on facebook quote more than one hundred state specific facebook groups made up of more than nine hundred thousand members have been created in the last two weeks to protest these stay at home orders according to an unpublished analysis by. I draft a disinformation research organization. The pages have organized at least forty nine different events and quote the tech main. Ride home this week is sponsored by tiny capital tiny starts buys and invest in wonderful Internet and technology businesses. Tiny is not your typical buyer. Because they won't try to flip your business in three to five years. They won't mess with your team or your culture. They will not lock you into golden handcuffs or push complex veal terms. They won't renegotiate and grind you on terms. Tiny keeps things dead simple. They'll make an offer in seven days and closed in thirty. The founders of tiny capital started tiny because they wanted to be the sort of buyer they wished existed when they were selling a company. So if you have a bootstrapped company maybe a company the doing great but will probably never ten x a company that's generating serious revenue and cash flow. But you just want a new adventure whether you're interested in selling your business sharing a tip or you just want to talk shop checkout tiny tiny capital Dot Com. And when you get in touch tell them Brian sent you if you haven't heard about Rhone Ih really missing out. Roan is a men's performance lifestyle and premium active wear brand that is engineered for unparalleled quality and comfort. Wherever you're active lifestyle takes you run. Makes something perfect for the occasion? In addition to Ron's top-rated training gear day engineer elevated clothing that blends Corner Office class with sweatpants comfort and now roane has just released. Their amazing new commuter collection runs collection is the Superhero version of your everyday work. Wear offering everything from pants and dress shirts. Polos inves- Roan is obsessive about clothing. That lightweight comfortable and wrinkle free. The commuter collection is made to make. Monday's feel like Fridays with its carefree maintenance total comfort effortless style go to Roan Dot com slash. Ride home today and use the Promo Code ride home to get twenty percent off your first purchase. That's R. H. O. N. E. DOT COM slash. Ride Home Promo Code. Right home for twenty percent off Roane dot com slash ride home Promo code ride home. DuNno what to make of this but Google's head of quantum computing hardware John. Martinez has resigned from his position. Reportedly after disagreements with hermit Nevin Google's quantum. Ai Director. You might recall that. Google touted late last year that it had reached quantum supremacy something it likened to the Wright brothers first airplane flight and yet the head of one of the teams responsible for that achievement is now gone. This comes from wired. Martinez resigned from Google earlier. This month. Quote since my professional goal is for someone to build a quantum computer. I think my resignation is the best course of action for everyone he wrote. A Google spokesman did not dispute this account and says that the company is grateful for Martinez contribution and that Nevin continues to head. The company's Quantum Project Parent Company alphabet has a second smaller quantum computing group at its ex labs research unit. Martinis retains his position as a professor at the UC Santa Barbara which he held throughout his tenure at Google and says he will continue to work on quantum computing whose quantum computing project was founded by Evan who pioneered Google image search technology in two thousand six and initially focused on software to start the small group accessed quantum hardware from Canadian startup D wave systems including in collaboration with NASA. The project took on greater scale and ambition when Martinez joined in two thousand fourteen to establish Google's quantum hardware lab in Santa Barbara bringing along several members of his university research group his nearby lab at UC Santa Barbara had produced some of the most prominent work in the field over the past twenty years helping to demonstrate the potential of using superconducting circuits to build cubits the building blocks of quantum computers and quote. This is an arena. That's quite a bit out of the circles that I personally travel in. So let me just quote. Brian Romolo on twitter. Who suggests this might be a philosophical disagreement on how to move forward with the tech quote. We'll see more of these types of situations in quantum computing. There are rather large debates on the direction of the technologies and how to achieve it. Google just lost a brilliant leader with John Martinez leaving and quote to which Philip Heads tweeted quote guests. Those two couldn't agree or disagree. Perhaps they should have superimposed their quantum states and quote we officially have the launch date for one of the biggest entrance into the streaming video workers. Hbo Max Will Launch. On May twenty seventh for fifteen dollars a month and featuring ten thousand hours of programming including the likes of friends and big. Bang theory just months ago we were wondering if Hbo Max Might Be launching a bit late into the streaming Scrim Disney plus an apple plus launched months ago. Feels like years ago at this point. But maybe now is the optimum time to launch we shall see quoting the Hollywood reporter amid the competitive Landscape Warner media top brass were hoping to use a buzzed about reunions special featuring the cast of friends to draw attention to HBO. Max which will be the exclusive home to all two hundred and thirty six episodes of the Sitcom classic but the chronic virus shutdown prevented these special from being filmed in time for launch. Instead Warner media will rely on a handful of originals including scripted comedy Love Life Starring Anna Kendrick documentary on the record ballroom dance competition series legendary and sesame workshop late night entry the not too late show with elmo tiller subscribers other originals set to debut later in the year include thriller the flight attendant starring killing cocoa documentary expecting amy about comedian. Amy Schumer is life on tour during a difficult pregnancy. And J G Quinn tells. Adult animated comedy close enough. Tbs Comedy Search Party will also move to HBO. Max where it will return with a new season quote. Our number one goal is having extraordinary content for everyone in the family and the HBO Max Programming Mix. We are so excited to unveil on. May Twenty seventh will bear that out Warner media entertainment and direct to consumer chairman. Robert Greene Blatt said in a statement even in the midst of this unprecedented pandemic the All star teams behind every aspect of HBO Maxwell deliver a platform and a robust slate of content that is varied of the highest quality. And second to none. I'm knocked out by the breadth and depth of our new offering from the Max originals. Are Warner Brothers? Library and acquisition channels from around the world and of course the entirety of HBO and Quote Warner Media is consolidating its library of Ip under one umbrella with HBO. Max The service will feature all current and former H. B. O. shows including the Sopranos. The wire and game of thrones as well as current and classic. Wb movies like crazy. Rich Asians a star is born. Joker Casablanca the wizard of Oz and citizen Kane and quote. But actually I missed something quoting Bloomberg Com cast streaming entrant peacock had a subdued debut last week with the service only available to some of the companies owned cable subscribers. A much bigger promotion which was to coincide with the sense postpone. Olympic Games and summer film releases has been pushed into next year and quote indeed that launch was so subdued that it completely missed my radar but then only specific people have a chance to check it out. Apparently so maybe we'll be hearing more about this in the near future and finally today from my file of layoffs and also from the corners of the tech world affected by the that. Maybe you wouldn't have thought of the verge saw an internal memo from kickstarter which says it will likely lay off employees and restructure. Its entire business because it is seeing. Projects launched on kickstarter down by around thirty five percent year over year. Quoting the verge. Ceo As these Assan writes that the crowdfunding company has already seen a significant drop in crowdfunding projects being listed on the site. Which is how kickstarter makes its money. Projects are down about thirty five percent. The memo states with quote no clear sign of rebound and quote. Conversations are now. Starting with kickstarter union organizers about potential layoffs sixty percent of kickstarter one hundred and forty employees are union members and they successfully voted to unionize in February this year making them the first major technology company to do so. Assan writes that the company brought in one point. Two seven million dollars in after-tax profit last year and that money has already been reinvested. Back into the business. He's now looking for more significant cost. Cutting including reducing senior leader salaries including his own not automatically hiring back open roles and cutting the budget. Wherever we can still layoffs are likely imminent quote. We must look more. Broadly at ways to restructure the business including potential layoffs across teams and at all levels of staff. The memo states assange says kickstarter isn't talks with the Office of Professional Employees International Union or OPEC IU which represents kick Starters Union the O. P. E. U. Says it has begun discussions with kickstarter management. But it's still too early in the process to comment. Further kickstarter has tried to encourage creators to keep posting projects during the pandemic. It launched a program that solicits small-scale projects that can be worked on from home at the same time it started moderating cove in nineteen projects to weed out any that pushed misinformation or phone solutions while still promoting other projects that use the pandemic for good like social distancing achievement stickers and quote. Nothing for you today. Kind of a bit slammed actually. So I'll talk to you tomorrow.
Markets Rise as Some Investors Bet on More Economic Stimulus
"This election absolute is reminding every American to prioritize voting over everything else. Yes. Even drinking alcohol. So whatever you do vote I drink second remember your vote has the power to shake or stir the election may count. Absolute drink responsibly vote responsibly. Here's your morning brief for Friday October. Ninth I'm Keith Collins for the Wall Street Journal Asian markets finished mostly higher and European stocks were mixed in opening trading this after a Wall Street rally there's some investor optimism that there could be a deal in Washington for another pandemic stimulus bill but there were no early signs of breakthroughs after bipartisan talks resumed yesterday. Were exclusively reporting Warner is planning thousands of job cuts in an effort to slash costs by as much as twenty percent the at and T. owned companies expected to start layoffs in the coming weeks across Warner Brothers, studios, and cable networks, including HBO and TBS a Warner Media spokesman said the company will restructure in a way that means investment in some areas and cutbacks and others. The newest winner of the Nobel Peace Prize is the UN's world. Food Program. This morning's announcement cited its efforts to combat hunger saying food security is important part of keeping peace for more details please head to our website wsj.com or the WSJ APP. This election absolute is reminding every American to prioritize voting over everything else yes. Even drinking alcohol. So whatever you do vote I drink second remember your vote has the power to shake or stir the election make it count. Absolute drink responsibly, vote responsibly.
Download 107: Embankment for the Unbanked
"Really this is download recorded Thursday June the twentieth. Twenty nineteen MRs episode one hundred and seven in Bank meant for the unbagged. Welcome download where we cover the most interesting technology stories the week. I am Jason Snell, and I am joined by Mr. Stephen packet. I stephen. Hey jason. How are you? I'm doing pretty good. How are you? I'm good a little under the weather. So forgive me if I sound gross. Okay. I'm under the weather, too. It's up there. It's foggy. It's. Emme J, O eil. I'm sorry to hear that then aren't we all ended the what the very really weather under us? But anyway. Let's talk about something weird. Facebook cares about the weather. Jason written seven episodes in of talking about weird things. Facebook has done Facebook said, hey, everybody, wouldn't it be great if we started at crypto currency, and, and our own Bank, and basically controlled in addition to all social relationships on planet earth. We also controlled all all transactions of a financial nature, one day because that's what seems to be their big idea coming in twenty twenty it is libra a digital currency and Kelly bre, a Facebook subsidiary to provide financial services for the libra crypto currency. Well, didn't didn't see that one coming. It's been rumored for a little while. I think there is some nuance. Here we are all totally right to look at this through skeptical is because Facebook doesn't have the best track record of really anything anymore. But there is some severe that I think is interesting. So why they are the company behind the technology in the beginning. It will be run by an association where this Khalib this Facebook subsidiary is just one vote of twenty nine member board. So it's not like I mean, yes, so he's book, it is their thing. But they are going to cede control of it to this, this larger group. And if you look at the companies already on. Sort of on board for this. I it seems like it's going to be there are some companies here. I don't like Uber is in this right pay pal MasterCard, right? Like there's still reason to be skeptical, but they aren't saying this is going to be the, the Facebook, bitcoin, right? They are behind it, but they are going to be only one one company in the driver's seat. Which does make me feel better about it after reading this, that they're not going to have complete control, which I think is good. And the one of the ways that they're pitching, this is this idea of, sort of, like freedom for people in places that don't have access to banking, which they refer to as the une banked, which Neil Patel from the verge went off on that phrase. And I wanted him for doing that. Don't love that the unbanned like, oh, no, the unclean people who don't have a Bank account. They are the they are the like, I don't know. There's some whole process you have to go through where you get an embankment, I guess which is. When you are ushered into the Bank and given your first banking, and I don't know that it's really weird. But the point is that they want to tell a happy story about how access to a Bank story money is empowering. They talk about, like micro transactions and, and micro loans, and things like that. And especially like the context of efforts to give a women more ability start businesses, especially in places like Africa. And it's all very powerful, and that's great. There is a part of me that also thinks this is everybody in the banking establishments. Yes, yes, let's find a way to get everybody else in the world into a banking system. But at the same time, it is our global currency system. And like I, I see both sides of it. I just wish honestly it's just like, but as Facebook like I, I don't like that part of it. I appreciate that. They realized that they apparently need to kind of like wash this thing. In other companies to make the stink of Facebook come off a little bit. But definitely I dunno. I dunno cryptocurrency, maybe also, by the way, they, they say that this will not be a horrendous energy use to make this crypto currency yet. That's a real bitcoin. Right. That's a real problem with bitcoin is that as it has gone on it takes more, and more computational power to, to mind bitcoin. That means more more electrobi- more heat generated, and as soon as they have some ideas to keep this from running away, like bitcoin, did, I? Well, we'll watch it. Maybe crypto currency, which we've been kind of a threat about this, actually that said that this was originally the vision for pay pal and pay pal turn into something else. But the idea that that was Peter Thiel with Elon Musk. Right. The that what you see is every few years. Somebody says, I've got an idea for a. Currency related thing and what they're really doing is putting down a bet that says, if I'm the person sitting in the chair, when the music stops I get to take a percentage of all global transactions, and I'm the richest personal live, and it hasn't happened yet, and it may never happen. But that's not going to stop people from trying. Because if you hit that one even a portion of a portion of a portion of share of whatever that cut is will be more money than anybody in the world has ever seen. So sure. So this is Facebook shot at it. I guess we'll say I story that I wanted to mention that came out of wired called choosing the wrong lane in the in the race to five G, and I it's a technical tech story, but it also is a social tech story. And it says something about the priorities of American. Wireless coverage that I think is worth mentioning, which is why I picked it for for the show. That's about picking headlines in five G rollout everybody talking about five G rollouts all over the world. But in the US, what the what we're doing is we're making choices to emphasize, some call millimeter wave, which is a portion of the spectrum that's really great for, like, fast. Transactions. And this is the way it's been sold in the US, especially it's like super fast, wireless connections. But they the range is bad. So there's a huge infrastructure cost and it really is for fairly dense areas or limited zone. So you could put it in a hospital or you can put it in a city. But what it doesn't do is use the bandwidth that's more in the mid range of bandwidth, which has not as much speed, but much greater coverage, right? And other countries are making different decisions, China, for example, which is a country in this way quite similar to the US that has wide swaths of rural areas has decided to do mid band five G and the US is not is just like zero mid band spectrum is available at auction for five G. And what hit me about this is I grew up in a rural area and I saw some friends who. Live there and they don't have LT. In fact, I'm not entirely sure if they even have good three G they do have three G took them a long time to get it. They were on edge networks for very long time, but those have all been retired now so, but like I don't even know if they have LT in most of that space their networking is terrible. And this is why it's choices like this. I know it's hard to cover rural areas wide swaths of land. But you see here, an example of the US prioritizing cities, prioritizing, you know, these larger groups of areas where there's already a lot of connectivity to get more connectivity, and kind of shirking its responsibility to all the people who live out in the hinterlands who, who already may have a hard time, getting a fast internet connection via a wired connection, right? Because a lot of rural areas, you can't get a fast cable or. Like heaven forbid fiber, kind of connection. And I know a lot of people who live in rural areas in California who are on incredibly slow late or highlight, and see satellite internet is the same here. So I look at this and it's like okay so you're just piling on. You're making it. So they can't get cable and they so they're stuck with satellite, and they can't get fast cellular either. And our priorities just seem kind of out of whack to me. Yeah, this problem sued this article does it really go into them. But there's problems with the bandwidth that is going to be user five G in the US potentially interfering with things like weather satellites. The I don't know if the trade offer higher speed is was the right decision, and it seems like honestly, it's kind of too late at least for this. Initial roll out of five G, if you look at cell companies, they're in big cities with five G and some cities, only in very specific areas. Like you said the infrastructure needed is a little mind blowing. I mean instead of an area where you would have maybe three cellphone towers for LT. You can have many, many more smaller five G towers takes time and money, and I'm just not sure that, that was the right decision but we may be stuck with it for a long time. Yeah. The by the way, the satellite thing is fascinating. Because it's not actually the band with us to transmit. It's the bandwidth of the sensors looking at things like water evaporation and things that, that are at the same bandwidth, same frequency as. As these networks. So the ideas that networks are just going to swamp that signal. And we're no longer gonna be able to measure certain things in from space, which is just. Yeah. Also bad. Yeah. It's bad. It's bad is what I'm saying. Story that made me laugh is about Google being a bunch of cheaters and this is the genius the lyrics website. They've got lyrics for various songs, and you can look them up in their annotated and all of that. They were convinced that Google was stealing their lyrics. And so they decided to do this thing, where they put alternating smart, smart, apostrophes, basically, and straight apostrophes in lyrics in a pattern that actually was Morse code. And just waited and watched and the most code was for the fray phrase red handed. It turns out that, that indeed, Google lyrics started to have these alternating straight, and curved apostrophes showing that Google's source for song lyrics was ultimately the genius song lyrics now, Google claims and this is not a very good defense that they have partners that they use as data sources for Google song lyrics, so they're basically saying, oh, I guess, our partners, still your lyrics, but it wasn't us. We just show them to everyone and our competitor. And now when people search for lyrics instead of going to your site, which supports your business. They just read the lyrics on the Google search results page, and never visit you, they didn't say that out loud. So yet to be seen quite quite what happens here and it's funny because it's like you know, it's not like genius owns these these lyrics either. But there is absolutely like the way that they have done this and put this together somebody else's just lifting now. I wrote. A piece about how apple shows lyrics in its apps that very clearly like they've got sources that are some of these crowdsource databases that they license and put together they're not official sources. I don't know why there isn't one, and I can tell and genius could have done this to I suppose by by having bad transcriptions words phrases lines that are just misheard and for me, it's very clear that they just got this wrong. But it propagates somewhere. So this is kind of a messy business, but I think it is fascinating that, that genius put in some work to quite rightly catch Google red-handed that Google sources are just lifting the work of genius. And because it's Google. They're bypassing, as I said, earlier, the, they're really suppressing people's opportunity to see genius pages because they're prompt preempting them with Google lyric sheet, Google's answer this like you said it was not good. And I think. I think they've made announcement as well that they're going to do better in crediting, where come from. But you're right. Anytime a data source gets pulled into the search results. So song lyrics used to search you go website now very often you to see it on the results page. If you're that company, it's a problem for you. And so I love that geniuses way to track this. I think it was really, really clever, but it's real danger. Anytime Google at something directly to search results that you could be Sherlock. Yeah, it's not. It's not great. I mean I just did a search for a hit song in in Google. It just shows the lyrics also say now source music match down at the bottom. So that's them just saying. It's not us. It's them. We didn't do it. We're just showing it to you here. But the end result is the same. Right. Which is that you've got this giant box with all the lyrics in it, and then some videos. And then the genius link. Whereas if I searched on duck duck go, I get geniuses the second and third actually. Source as ealier dot com is the first source for this. But regardless you're going to click through, and it's so it's Google intercepting, a sites traffic while lifting its content. It's just infuriating so yeah. Yeah. Cheaters Morse code found you out I do this occasionally. By the way, I'll just reveal something here. When I do my transcripts of apple financial calls every quarter, I will often put a very weird interpretation of affray somewhere and I literally I do that. So that if somebody just rips off my transcript, I've got a sign that they did it little secret. So don't do that. Don't rip off my transcript is what I'm saying. One more story, which is about apple. Hedging its bets in terms of production in China with trade tensions rising. There's a Wall Street Journal report that says that apple is asking it suppliers to consider whether they could shift the final assembly of some of those products out of China. They're looking mostly in southeast Asia. So it wouldn't go far because so much of the supply chain is in East Asia. But this is apple saying, you know, I think the number they say is something like about a third of what they're doing, could possibly move like the MAC, the iphone would actually be the hardest to, to shift, but they could shift assembly of some of their other products other places and it's not a question of them actually doing it as much as trying to be looks like prudent about, like, what if it becomes financially impossible for us to assemble these products in China because of an escalating trade war, whether that means that China does something to? Make it hard for apple to be in the country as a way to threaten the US or whether the US raises tariffs on those products making it financially untenable for apple to import them from China. This is one of the stories are just I'm really glad this isn't my industry to worry about supply Jane for building the iphone, right, building killing the ipad. I think you're right. I don't know how far they can go apple has experimented with this in the past with the twenty thirteen MAC pro. They assembled them in Texas, a lot of the parts came from overseas. And there was a story. Maybe we could dig it up for the show notes, where they there was an issue with some of the screws, they needed for the construction the machine, and they couldn't find a manufacturer screws in the United States. So they came from from overseas and anytime you're talking about supply chain, and the construction of these devices. It's so complex. I think about a three thousand five thousand dollar. Twenty thirteen MAC pro I don't think about where does the screws come from right? Like just not something that enters, my mind, but it is absolutely make or break when it comes to moving or changing anything. So I could see apple wanting to do this. I could see winning them political points in our current climate, but. I hope they don't do that at the expense of. You know, having trouble being demand in their popular products or name to pass cost onto us as consumers, nothing like being caught between two enormous economies and political systems that are having a spat. And you're, you know you're in the middle. So your, your tool for either of them to use all the Stephen, you know, who has made his entire career at dealing with things like extended supply chains in the tech industry, Tim cook literally been his entire career. You know, so now he's apple CEO, but he was always the supply chain guy in the operations manager. So if there's somebody qualified to navigate apple through this. It's Tim cook and good luck to him because I'm with you. Boy that, that's a tough business to be an especially right now. And there's a lot of reward there. But, you know, in the end, you know, there's only so much even a big company like apple can do gay. Given whatever the opinions of, of what is it? Donald Trump and seizing paying one. You know what they wanna do, like when they wanna fight Apple's not going to be able to stop them. Probably they maybe like try to get in between them and go boys, boys. But you know in the end it's, it's tough position to be in. But there's anybody who could handle it. It's Tim cook, I think because it's his this is his bag. This is what he does. All right. Well, those are the stories we're going to take a break for a sponsor and then we will be back with the story. You might have missed and our special guest for this episode, but first, let me tell you about for sponsor, it is direct mail an easy to use Email marketing up, designed exclusively for the MAC to help you create, and send great looking Email newsletters, Email marketing still incredibly cost effective. Turns out people read Email, great way to reach your customers, great way to grow your business. And for the past fifteen years Machias around the world, have trusted, the direct mail app to handle all their Email marketing needs. It's designed just for the MAC, which means it's fast and easy to use and works great with all the other absence services, you all. Already us with direct mail, you can grow your mailing list by creating Email sign up forms that you can add to your website or Facebook page, you can save time by integrating with over a thousand other apps and services on your MAC, and the web, and you can have Email campaign sent automatically without you lifting a finger. 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They did something interesting this week. They somebody stole a bunch of mini discs. Remember, many this Steven too young to remember many there in the matrix in the matrix. They have a cool thing where it's like I got data on a mini disc and you're like, oh, thank. Thanks for an amount of high school was convinced it was the future, and it was basically. She basically ripped off CD's onto many because like dude really doing so all remind him of that, I told you that was a bad idea. And. Anyway. So, so what happened is Tom York of Radiohead had a mini archive with a bunch of recordings than they were making their recordings onto many disk. And they were they were recording. Okay, computer, which is their most critically acclaimed album, by the way, the bins is better. Ooh. Uh-huh. Head takes, here's AAC. Anyway, somebody stole it and said that they wanted to one hundred fifty thousand dollars. They would release it on the internet radio heads response. And if you followed Radiohead at all, of course released their in rainbows on the internet announced and said, you could pay whatever you wanted to download it. That's among the things they've done. I think they proven to be actually pretty clever, and in curious about how to use the internet. So what did they do? You guessed it. They took those eighteen hours of many disc recordings and just posted them on band camp and said pay us eighteen pounds or whatever you like above that. And we will donate all of this money to charity, climate change at the advocacy group called extinction rebellion. So, basically, don't blackmail us. We'll just give that stuff away. Now there are now a bunch of articles about what you should listen to on it, because quite honestly, it's eighteen hours of band outtakes and stuff. Right. And I like. Radiohead a lot. But I am not interested in listening to eighteen hours of Ramle band mini-disc audio so although the fact that it comes from many disc, very exciting. So thank you to the people that Rolling Stone had one article about it, that I saw which is like, here's what you should listen to on the eighteen hours of many things like that, I like curated gimme a curated list of the rarities on here that might be interesting outtakes and alternate versions. And that sounds cool. But I just love that radio heads response to being blackmailed, essentially what we'll just put it online. We don't care eighteen hours of our stuff and from a historical standpoint. This is their critically acclaimed. Everybody loves it. One of the greatest albums of all time kind of thing. So to see to have that out there in the public is, it's kind of fun, even though it wasn't intentionally done so good for them for turning it back. And instead, turning on the on the person who was trying to blackmail them. And instead, making some money for charity. That's awesome. I love the story so much. It's great. It's great. It's great. So congratulations. Radiohead. All right. Here's what's going to happen. Stevens going to step away, and we're going to bring in our special guest Natalie Jarvi from the Hollywood reporter in a magical thing that's going to happen now. Will there be a sound effect? I don't know. But I have to say goodbye to Stephen now. Stephen goodbye budgets. And now that Stephen is gone. We are joined by because it's very tight tight room today that only room for one person other than me at a time. And now Steven has been replaced by Natalie Jarvi reporter at the Hollywood reporter, you probably are like a tech editor or something there. Now what's your title? Let's get it right. I'm our digital media digital media editor and basically, you are writing about what I think is one of the more interesting intersections of two industries, which is how technology and the entertainment industry are colliding in all sorts of ways, and we've had you on a bunch of times, and I thought I would get you want, again, because there's a lot of stuff there's always a lot of stuff going on when it comes to digital media, and, and how the tech industry and the payment astray are like buying each other or competing with each other. I don't even know what there's so much going on. Seems like there's something new every week. You know this job changes like every six. Months like an entirely new company doing something in this world that didn't exist before. So I managed to come up with a bunch of stories for the last week and I thought we were just sort of step through and, and talk about interesting stuff I wanted to start with Jj Abrams. So one of the things that we've been following, for a while now is this idea that Jj Abrams, who people know, he's directing the Star Wars movie. He's a big director. Also big TV producer and has produced under his production company, bad robot, a whole bunch of TV shows a whole bunch of different places. He's had deals in the past for film and TV and he was sort of like coming up as a free agent who could be put under a new contract by somebody in the question was, like, who was going to do it? That apple was rumored to be one of the companies bidding for his services, and it sounds like we may have found a winner here, which is Warner media, which is owned by AT and T. And they're launching new new street. Service. They own HBO. They own a bunch of stuff, but they are perceived as being kind of behind on the streaming side. And it sounds like the report suggests they're going to be spending half a billion dollars to sign up Jj Abrams. What do you think about this? Yeah, we'll shout out to my wonderful colleague Lesley Goldberg who first broke this story on Monday that it was nearing an end this race for JJ. Listen, it makes a lot of sense that Warner media needs content for this new platform, and, you know, they, they need to lock in talent. You know, the proliferation of all these new platforms means that talent has never been more into manned. And if you don't lock them in, in these big overall deals, you, you lose out on getting them onto your platform. And, and when you're spending a lot of money and hiring a bunch of exact to launch the service and a few months, you gotta have. You know, big names producing shows for you. So, you know, it made a lot of sense that they were willing to shell how a lot of money for someone like Jj Abrams, snow, a when I talked to your colleague, Tim Goodman, TV critic the Hollywood reward TV critic he has this theory, and he's written about it, that, you know, there's a little bit of danger in getting behind a big creative giving big creative person a bunch of money, because you you're spending money on tried and true talent. But what we are they in their career? Are you going to be missing the money that you could be spending on finding the next Jj Abrams, or great Berlanti, who's getting paid four hundred million to produce shows for Warner Brothers TV as another example, or Ryan Murphy, your shonda rhimes, these kind of big name producers, one of the things that strikes me Abrahams though? And I know his previous TV deal was with Warner Brothers so they ended up of like going back to Warner, but he has a movie deal at paramount that's ending. And apparently, that's gonna get moved over to be part of the Warner media thing is people don't realize. Just how many TV shows Jj Abrams has percolating. They're not all written. In fact, most of them are not written or created by Jj Abrams. But the bad robot is involved sort of deeply involved in it. And so you're not just getting somebody who will create and write a TV show in direct a movie here and there, you're also getting somebody who has built this company that is a really productive. Westworld is a good example like Jj Abrams. His name is on Westworld is he is he a writer creator? No. But his his company produces it and there are a whole lot more like that. So Warren media's not just getting an tour here, the right. They're getting a whole production company, that's been like incredibly prolific and successfully. Yeah. I mean, you are paying for the privilege using that Jj Abrams or bad robot name in the opening credits or closing credits of your TV show. You know that's really what a lot of this is, although it's worth noting that he is working on his first series. He's created. Alias called them ammonia. And that's four H B O. So he does still put his stamp on certain projects and yet, but to your point, it is it is a question, right? That these companies have to dress, how much do they want to spend big to lock down the marquee, talent versus finding and kind of building up new talent at argue that a good pot, former or media company would would do a little bit of both. You know, you're seeing that with, like HBO kind of helped find and, and move ISA Ray from the digital world to television. And now they've gotten overall deal with her, and she's doing a lot more for them. So insect says, you know, you can kind of do do both and help make someone into that next Jj Abrams or shonda rhimes, or, you know, the next kind of big show runner. But, you know, the other the other question, we're still waiting to hear a lot of details because this deal as much as we've reported the Warner's the final final bitter here. I don't think it's it's fully done on, you know, win when JJ was paramount. He didn't actually do a whole lot for paramount because he was busy directing stars. So, you know, if Warners smart and able to they will, you know, have a part of their, you know, part of pain him five hundred million dollars will be for that exclusively and really making sure that he's coming on board to direct movies for one of others. I'm sure paramount. Feels like they wish they had gotten a little more of his attention on the Star Trek franchise, right? Whereas, you know, instead he sort of stepped away and, and made a couple of Star Wars movies. I do want. I mean there's still a place. Also, just as as you should, as you were saying, sort of be cultivating talent, while also like new talent. While also using big names. There's also some talent who doesn't want to be pinned down. I've definitely seen interviews in the Hollywood reporter and elsewhere, where people creators say they really kind of like the idea that they're free agents and that they can they can guide their projects to destinations where it's more appropriate. And I guess that's the risk. If you are Jj Abrams is getting a lot of money, which is great, but you your stuff needs to fit into the. At forms that Warner media has. And if you've got a project idea that doesn't really fit, maybe maybe you'll lose out, but what you get is guaranteed money, but I can also see why somebody might want to be a free agent and take the end of this project over here in this project over there, because something might be a better fit for Netflix, something might be a better fit for a more niche, streaming service or cable channel. I mean, that's the same argument for why in, in some cases, it can be good to be Sony. You know a, a company a studio that doesn't have a network that they have to sell into they can kind of play the field. I would also argue that, that's you know, if you had looked at JJ deal before the AT and T acquisition of Warner Brothers, maybe it wouldn't have been as appealing. But now that they're this kind of, you know, multi-pronged company with all these different distribution opportunities, including this upcoming streaming service that starts to be a lot more. Compelling to creative like a Jj Abrams because, yes, you're more limited. But you're also you know, you've got a pretty big playing field to work with within one company. It's a big pond that the big fish swimming in because of all of this, what is your take while we're on this subject about sort of where Warner media is in general? I know you wrote a piece about a week ago about, you know, a bunch of new hires that they're making over there. They hired the person who is running Puhl figues production company, and she's now going to be a Warner media executive. There have been a bunch of other hires. Recently in original comedy, and animated and nonfiction and kids, where are they because obviously it's all happening underneath the surface there. But what is your read on sort of like how AT and T is getting this all together and getting toward the point where they're going to they're going to get because it's obviously going to be a lot different from what it's been with their assorted cable, and, and other outlets. They took an interesting approach. Right. They came out last year and said, we're doing the streaming service, and here's how we're envisioning it and they give away a lot of information about the plan. You know, it was going to be this, tiered structure different price points for different kinds of consumers who want different things. And whereas like an apple has been really, really secretive about what their vision for the services. Warner media's executives have been much more forthcoming. Then there was a lot of shakeup. Right. You know, they brought in Bob Greene, Blat, who's now overseeing portfolio of TV network. That includes HBO Richard pup ler. The longtime leader of HBO left on Kevin Souder HARA was ousted from Warner Brothers. There's been a lot of kind of executive shake up at the top. And so I do think that they're still kind of figuring things out. I mean that's behind the rash of headlines. You've seen over the last couple of weeks about different possible. Pricing, names and strategies you know, they're kind of weighing all of those different decisions right now and you, it's easy to say, oh, sure we're going to make a bunch of shows and put them up on a service. But then you also have to figure out, okay? Well, are we going to release them in, like the binge model like Netflix? Are we gonna do weekly? What's the cadence how often do we want to have new programming? And are we going to do something every Friday? They like that flex every once a month like these are all decisions that everyone of these streaming services has to grapple with and figure out and you know, so that's kind of what they're going through right now. And in a long the way they're still hiring up a bunch of executives. I mean, everything we've heard is that the initial launch here in Q, four of twenty nineteen will become the beta product. It'll be the basic service and then in twenty twenty we'll start to get some of this regional programming. And that's because they're still hiring those executives and still putting into place a lot of their plans for that original programming. So there's a lot we still need to see. Plus, we've also kind of started to hear John, stinky, the CEO Warner media has come out and said, well, maybe three tiers structure, doesn't make much sense. Maybe we're going to do something different. So, you know, there's there's benefits to being more open about your plans early, but there's also downsides, which is that if you shift gears people are gonna write about it and talk about being consistent, even though it's. Probably a better thing like Disney Disney, plus, and they put that low price on it. And everybody looks at Warner media and says, will you wanna have multi tears, and you want to include HBO, but you're already charging fifteen dollars a month for HBO? So how do you charge less for a streaming service and include HBO and their answer was, we'll get back to you on that? And, you know, if I were them, I would probably start to say, well, maybe do we do HBO is a premium add onto our existing service. So we can price the other service low because otherwise if they cut the price of be oh, they're going to turn away, an enormous amount of revenue, and they're gonna make their cable partners angry and all of these things. And it's all because Disney came out and, you know, they played they played that card of having the what is at six seven dollar a month opening price for Disney. Plus, yeah. I think that Disney's pricing of Disney plus was much more significant for Warner media and for whatever NBC ends up doing than it was for apple or for Netflix really. You know, maybe it was significant for apple to they hadn't priced yet. But, you know, the, the narrative around Disney plus pricing was, oh, you know, they're undercutting Netflix. And I was like, well, you know, no, they're undercutting. All these other streaming services that have yet to price have yet to launch, and making it really challenging for those companies to figure out how to, you know position their services. Speaking of Disney, plus, there was another story. I'm gonna linked to a lot of Hollywood reporter this week, which is just just fine. It's just ready to do that. It was a survey by a research group that was shown, exclusively to the Hollywood reporter about customer awareness of Disney, plus and it's pretty amazing because what it found is that a twenty two percent of the thousand people surveyed where likely or highly likely to subscribe to dizzy, plus and in the key demographics of eighteen to twenty four year olds in households with children. It was even more thirty four percent of eighteen to twenty four year old. So they. Intend to subscribe thirty six percent of households with children agreed with that this is an there's not a lot of crossover between those demographic. So, basically, the story here is the people who you'd expect to sign up for Disney plus are aware of it, and excited about it, and that, you know, the service hasn't even launched yet, and it starts to feel like maybe our instincts, that it was going to be huge are right. Do you think so? Absolutely. I mean, and then that was followed up by a note from Morgan Stanley where they estimated that Disney could have more than one hundred mil one hundred thirty million subscribers by twenty twenty four for all of its different products. So Hulu and use and Disney plus on which is very in line with what Disney's been saying, but for a third party to agree with them and say, oh, yeah, this is going to be big really quickly sent the stock up on. So of course, I mean listen, Disney has the best branding of all of these. Companies and they've been really smart about how they, you know how they brand over the years. I mean film Star Wars Pixar marvel these are brands that consumers have a deep affinity with and know what they're getting and they know that their Disney brands and, you know, I have long said, I think the biggest challenge for these other services, whether a Warner media, or an NBC universal is that the average consumer isn't necessarily paying attention to the fact that a show like friends, which is now considered a Netflix show originally aired on NBC but was produced by Warner Brothers. You know, and that's complicated. And so if friends pops up on the Warner Bros Warner media, streaming service, eventually, that may take people awhile to kind of recognize friends as a as a Warner media show. That's not going to be the problem for Disney. They're never going to have that issue. And that autumn gives them a leg up in this race now. I mean, the counterpoint is that you. A person without children, whose, maybe not that into Star Wars might not be the target demo for this may not be interested in this. But, but Disney's making the, the bet that there are enough people out there with an affinity to their brands that they'll get a lot of people signed up really quickly. Sounds good. I look forward to that service will be really interesting to see what happens when it launches we got a lot more to talk about. But I, I want to take a quick break, and tell everybody about our second sponsor episode of download is brought to you by express VPN, sometime cybercrime seems like something out of the movies. It's hard to imagine someone trying to get hold of your information that hacker. Like, ooh, I've got you now, ha ha. Guess what? People do steal data on the internet and public wifi is a great place to do it because the data's on encrypted. 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Now, of course, no one can verify this. It's just Netflix saying stuff, but what was your? Action to this. Like is fascinating to see the things the claims that Netflix bothers making about its content. You know, it's interesting because you say they rarely released these numbers, but they're starting to more and more, and it's very selective right? It's bird box. It's, you know, it's Adam Sandler like you know, they're choosing win to release these numbers, and I do think it's going to start oppose a bit of a problem for them because, you know, if your create or, and you don't get that kind of disclosure, then you're probably sitting there going, oh, man, will was my movie, not successful net flicks. Not happy with it. You know. And, and I, I am curious to see if it starts to kind of I dunno get written into contracts, like you've gotta, you know, disclose the viewership of my movie, if it's over certain amount or, you know, if it reaches a certain threshold. And so it will be interesting to continue to track kind of win. And how Netflix is releasing these numbers. Anyway. Adam Sandler apparently is doing doing great. And also the power of like not promoting. I didn't know this thing existed until I opened net flicks and saw it. And my thought is that a Netflix original. I mean it's Adam Sandler, it probably is. But I didn't. Really? No. And that's the power of Netflix. Right. You open Netflix in it. And they're promoting this thing, and people watch it, which pretty amazing. They do such a good job with that. And same thing with Roma. I don't know about you, but we here in Los Angeles, a lot of people when they turned on their net. Flicks is they got a kind of a Roma backdrop for you would click on your account, you know, that's super powerful. And again, it goes back to like networks can really move the levers on these different shows and movies and what works and what doesn't. And so that's why I think you have to careful about reading into these numbers because. Yeah, if you make murder mystery the first thing that everyone sees when they turn on that flex, of course, people are going to check it out. You know. But what about that movie or TV show that didn't get that kind of promotion? That's, that's an interesting dynamics. Go figure obviously having success there. Mention another player here. So Sony has been long considered a possible. You mentioned them earlier because they're independent. They they're just a studio. They don't have much in the way of streaming service. I stay own crackle. Is that right? That's what they've got. But they, they recently sold it. Crackle chicken soup for the soul entertainment. Yeah. Which is they're going to know jointly operated as joint venture between these two companies, what is Sony business? Going forward. Obviously, they've got the whole electronics business and they've got this entertainment, business and Sony Pictures and a bunch of studios under that. So there was a story this week about how a an activist investor is kind of trying to egged on the idea of Sony splitting into and sort of like sectioning off its tech business from its entertainment business. And I've definitely talked to people who've said they think this is sort of a transparent, attempt to get the entertainment business off in a place where it can be then sold off to somebody, which people have talked about that. But it's always this complication of, like. Oh, yeah. But they also make TV's and PlayStations and things like that. And the answer would be, well, what if they didn't then you could just sell it off to one of the giants and investors could make money? I don't know. If there's anything really happening here other than speculation, but it is interesting that people keep bringing up, Sony, as one of these companies, that sort of, like, does it fit in a world where there are so many of these giant media companies that are trying to compete with one another. Yeah. I mean, it is amazing how quickly landscape has shifted around a Sony as these mergers have happened, and you're right. You know, this is long been kind of the chatter that, oh, should the studio get spun out and sold and anytime. There's talk of will attack player by studio. You know, we'll Netflix will apple will Google, whoever, you know, by a studio Sony is often one of those that suggested because they are an intern. An independent player and yeah, this seems kind of the latest attempt to kind of start setting something like that up. So whether it happens who knows again. This has been long talked about, but it is interesting because under Sony's new CEO. It does seem like the been attempts to have a lot more cross pollination between all of those different divisions. We recently reported about the launch of a studio that's going to start adopting the video game properties, PlayStation properties for film and television. You know. So it there's there is a lot of interesting opportunity for, for all those units to come together and be kind of as some total bigger thing than they are, you know, as individual parts that hasn't always necessarily worked well in the past. So we'll see if this new person can this news chief can kind of, you know, maybe do that more effectively in a way that stops this kind of chatter fascinating. Something I didn't even have shown it's but I definitely seen some rumblings out there about the ongoing soap opera between CBS Viacom, which are these kind of cousin companies that were once one and then got split apart and may be coming back together and so much of the speculation about that is not like, well, what would that mean rented as one company, but has been well, who would that get? So who'd by that who would sell like everybody seems to be looking at everything now in saying one of these giants is going to eat up all the smaller companies. I don't know if that's actually going to bear out, but it is funny, that, that is so much of the conversation, these or who would they buy right in some relation around stars, and the whole lines GM. That's another one of these small players that could get swept up into something larger. Yeah. Absolutely. I mean, the interesting thing is that in all the chatter around these different mergers. It's not could this happen? It's win will it happen because it's become so clear that in order to compete. I guns to Disney FOX against Warner media against these big tech giants, you have to have that kind of scale, and there's only way you can do that by joining forces. So, you know, it makes so much sense for CBS, Viacom to come together that at this point, you know, almost an inevitabilities that it will happen if they can figure out the deal terms and, you know, make it make it make sense. Stories I wanted to touch on really quickly with you. One of them is a story you wrote about we've, we've talked a lot about how streaming services and especially like more like social media and social services getting into original content of not had a lot of luck. Youtube is definitely struggle with that. Facebook has struggled with that. And you wrote a piece about how Snapchat is actually having success with original content, and these are short vertical videos that are being viewed on Snapchat, and that they're actually doing pretty well. And I hadn't even heard about this because I am an old person who doesn't use nap chat. But I thought this was really interesting that maybe this is something about this as making it more successful than some of these other attempts to do original content on these streaming sort of social services. I think that the ways that has approached original programming from the get-go has been different, you know, they've always been a closed platform. Discover is there kind of media platform where you can read stories and interactive content. Watch shows. That is not something that anyone can just be part of you have to be approved and kind of welcomed into that section of Snapchat, which means that they can treat content differently than a YouTube or Facebook and or Twitter or any of these other places that are, you know, quote unquote, free platforms user generated and have to be very careful about that, because they don't want to suddenly be labeled a media company and have to deal with the issues that come with that. So, you know from the starts J has approached programming differently. They also got into it a lot earlier. I mean they've been experimenting for a long time. I watched a show a couple years ago created by the daughter of Steven Spielberg that was short lived, and kind of fun and interesting. You know, it was kind of test for Snapchat will scripted comedy work for them on, and then they'd kind of dabbled and other areas. And now they've kind of come back to this ID of, of scripted programming. And so the other thing that they're doing that. I think is really smart is really leaning into the platform. So they're not trying to get you to watch a half an hour show on your phone. They're getting you to watch these kind of three to five seven minute shows and often times they're very dynamic in the way that, you know, you hold your phone, so it's, it's vertical video. Oftentimes shots are kind of stacked up upon each other because you, you don't have the wide shot, you can't do the wide shot in the same way. And they play with the fact that you're holding your phone. So maybe, you know in the stories, someone's also holding a phone and text messages, are appearing or you know different things. And so it just seems that they've been a little bit smarter about it than others and it's still really early. I mean these numbers are promising but again, you know selective data so you can't read too much into them. But, you know all the talk right now about the return of short form with the launch of Qube next year, Jeffrey Katzenberg's new service. I think it's interesting to look at, you know, Snapchat and kind of where they've fallen, you know, instead of doing what Qube is doing, which is, you know, let's take a sensually, what would be a movie and chop it up into ten minute chunks, and release them as installments chapters. I think they're calling them, Snapchat is leaning into the idea of. Let's create story that's really meant to be told and five minute bits and meant to be told on your phone. I think that's always going to be more successful. Right. Not trying to stick the last medium into the next medium. But fair, that's like the classic example is when TV started in their like we'll put plays on televisions like that. Nope. That's not TV is not a play and Snapchat is not a movie theater. And, you know, I think they're going to have more success trying to actually appeal to the medium that they're, they're on. That's these things take time rate. You know, TV didn't become TV until you know, many years into its existence. Can you have to learn what the medium is meant for works best in that medium and adapt to it? And right now, Snapchat seems to be doing most of that. So it'll be interesting to, to watch and see if this can really truly become a success for them. I mean hard to argue that any of these things that they've done are true breakouts because they haven't quite reached and of math pop culture awareness yet, but, but they're certainly making strides there and, and being really smart about how they're approaching contents. All right. Speaking of different mediums. Before we go. One last story dimension that you wrote, which is about the Obamas making a deal with Spotify to do podcasts. Already made a deal with Netflix to do video on Netflix. But they've also made this deal with Spotify for podcasts. And I just think this is really interesting as everything I thought about Netflix goes here, too, which is like what's the content is going to be take your medicine. Is it going to be entertaining? How do you. Due for a former president to have these kinds of brand extensions. It's just kind of fascinating that they are diving in and saying, okay, that's new media world and we're going to we're going to produce podcast and we're gonna produce Netflix shows and just kinda fascinating. This was the Netflix deal. I was not surprised by this one I was a little more surprised by that. They would make a podcast deal but Spotify obviously has the checkbook out right now. So seems like a good time. Yeah. I mean this is truly uncharted territory right? Like such a young president coming out of that time and seeking kind of a new platform, and new way to reach people, and we don't know what this is all going to look like yet now, the, the slate that they've announced of projects they're doing for net flicks is really encouraging that, you know, they are going to try to make this entertainment. Interesting, though, it might all be a little kind of feel good, or kind of relate to the world view that they have. So, you know, it makes me hopeful for what they can do in the podcasting space, too. And one interesting thing is, is that spot was was particular to know in the press release that they will lend their voices, so you can kind of extrapolate what that means. Maybe we will get a show hosted by one of the Obamas. Probably not everything. We'll have them in front of the microphone. But that's really interesting idea that you could really kind of hear from them, more than just have, you know, kind of their creative auspices all over the project. So. But more than that, this is just a huge deal for for Spotify. Right. You know, they bought a couple of podcasts companies, they've signaled, that this is a focus for them. No better way to really show that they're serious about it than to go. Do a deal with the most intimate end. You know, people out there at the Obamas. So I, I think perked up a lot of people's ears and made a lot of people kind of take notice of Spotify in a way that maybe they hadn't even with the with just the acquisitions that they're doing. And now the question is, who who follows? Right. We've not seen apple really get into the original podcasting space. I wonder how long they can sit back and watch others do that. And when they decide they also need to start on going out and seeking these kinds of big splashy deals. Right now. They have the most popular podcast app, but they have decided to sort of take a very hands off approach to podcasting. And not I'm surprised to that. They haven't done original audio programming either through apple music, or directly in their podcast app. But with her attention to services and services revenue, it's kinda hard to believe that they wouldn't look under that rock to as they're searching for new sources of ways to get people in their ecosystem. Yeah I mean listen podcasting is still a really small industry and, and so for apple. It's probably, you know, just maybe not meaningful enough yet for them to feel like they need to play in that space. But apple is really good at being the second or third to fourth to enter space and then dominating it. So you know, certainly can't count count them out. Plus they got the, the added benefit of just immediately being on so many people's phones. Whereas Spotify, you know, while it has a huge install base doesn't. Necessarily have that same advantage. So for them, it may be a little bit more imperative to strike. These exclusive deals off the bat fun right about apple having talked to people inside apple apples, apples, share of mine of mind in podcasting is enormous there an enormous player but inside apple. Podcasting is a very small part of what they do. And it's funny kind of disparity between how huge they are the podcast market. But what's it's just such a small part of Apple's business? It's almost nothing. And that's a it's fascinating to see that. So on the inside they may not. They not be may not be that, that interested, but we'll watch it. We got former presidents making podcast content deal. So anything could happen up. Thank you so much for coming back on. Download has been great to talk to you about all these different subjects. There's so much going on every week and I guess people how people how do they find you and the stuff that you're writing about on. Basis. Yeah. Everything I write goes on the Hollywood reporter dot com. And I tweet most of it at, at NAT jars. Excellent excellent. Well, thank you so much for being on download this week. Thank you. Oh, that sound means Stephen Hackett has turned that was really jarring. What did you do to me? Look this box is not big enough for you and me and a guest, so you had to go. Yeah. Well, I feel fuzzy everywhere. Oh, no. A fuzzy puppy because it's fuzzy puppy update. This came to us from listener, Sarah. Thank you listeners. Sarah, this is a story from New Zealand where I know this going to sound scary, but it all is good. A there was a badly injured woman. She got in a car, crash, her car tumbled, forty five meters down a steep gully, and she was stuck in the car. But who was with her her five year old border collie cross named Pat? She dragged herself out of the driver's side window and sheltered under a Bush. She was there for three nights, but her dog kept her warm, log like late on her and kept her warm in the nights and barked when people came near and that's how they found her at the bottom of the gully was that they heard the dog and her friends credit, the not only the strong will of the woman, but the devotion of her dog who made sure that she was okay and took care of her, and made the noise that led to her rescue. And that's pretty awesome. So good job border. Collie cross, Pat. Good job. That's that's amazing really is. Yeah. I like it. So see turned around there is often the fuzzy puppy updates do they start out with something bad. But then it warms your heart by the end. All right. Well, that ends this episode of download I'm. Glad that I've released Steven from his prison. Thank you for being here. Please don't do it again. I can't take another another phase change, but we will be back with another episode of down next week and until then we will keep watching the headlines, so you don't have to go by everybody.
Will HBO Max work and will consumers pay?
"I'm Kim Masters and this is the Hollywood breakdown joining me as bounty of the Hollywood reporter and Matt. We've known that this industry is disrupted and Warner brothers and Warner media. Its parent are sort of the ultimate case study. You're right now of what is going on. Warner Brothers was the premier studio in this industry for so many years and being the chairman of Warner Brothers was the biggest deal imaginable and they have now announced that an Sarnoff who who comes from the B._B._C. America America and has really good experience and is very well regarded but is completely almost completely unknown in Hollywood is going to be the chairman of Warner brothers and at the same time the Warner media is announcing in the launch of this H._B._O.. Oh Max which is the streaming service that they have been building toward and they are pulling programming from all over the place to service this thing. This is a huge priority. So first of all your people were going to have to look at that they do. I need this will this H._B._O.. Max Idea Work and at the same time within the industry. There's a question of well gee. What does this mean for Warner Brothers? I mean is Warner. Brothers now going to be subservient to the streaming service and does being chairman of Warner Brothers really have any kind of clout and prestige or are you just going to be taking orders effectively from Bob Greene Blah who runs the streaming service as well as these other cable channels and H._B._O.. He reports to <hes> John Stanky the. Head of Warner media as does and Sarnoff but it's not so clear what it all means in terms of who has power this really does represent a sign of the Times entertainment because when A._T.. And T. bought the Time Warner assets it was very clear that the crown on jewel was not warner brothers. It was H._B._O.. Because they could leverage H._B._O.. To create a global streaming service that will hopefully in their words compete with net flix and that's what every conglomerate is trying to do right now. They're trying to leverage with their assets are create new stuff and go head to head with Netflix so you're seeing warner media pullback a lot of the content that was out there most notably friends which has been streaming on Netflix is now going. Going to switch over to this new H._B._O.. Max they're gonNA start doing with a bunch of other shows on the C._W.. On Turner on the Turner Networks Like T._N._T.. And T._B._S. Some C._N._N.. Content this is all going to be funneled into this H._B._O.. Bill mack streaming service will be pitched as an add on to H._B._O.. Or as its own thing a little bit more expensive than the traditional H._B._O.. Costs currently and that's where we're at right now because comcast is doing the same thing with the N._B._C.. Universal shows like the office just pulling it away from net flicks doing their own thing. Disney is launching their own thing. We're going to get into a very stratified ecosystem where the streaming services are tops and the contents suppliers are going to be the studios that they own and. Hopefully others they think I mean has made a Fortune Selling T._v.. Shows the T._v.. Division has been lead you know Big Bang theory two and a half men all of these shows in different networks very profitably and enjoying all of the reaping all of the rewards that followed followed and they just sold a huge project to Netflix Sandman so they're still looking to get that cash coming in the door obviously the I don't even know how you sort it out and I think more importantly people in the industry. I don't know how you sort it out if I'm making a T._v.. Show and Warner Brothers is making that show at what goes to H._B._O.. Max what goes somewhere else. What do I sell to C._B._S.? A._B._C. or or Hulu or whatever so I think it's it's almost like this dizzying situation within the industry of figuring. Bring out who is going to emerge victorious and how these things are going to be sorted and that's that's a potential big change for Warner Brothers which as you mentioned has been this people say there are the arms dealer of Hollywood in the sense that they have sold everybody but if you look at what Disney is doing Disney is very purposefully holding back a lot of their stuff and they are trying to create an ecosystem around this new Disney plus streaming service that will be the one stop shop for Disney. Now Disney has a very strong consumer rebrand and people know Disney and they want Disney oriented content. It's not quite the same for Warner Brothers. They don't have that brand name they just you wouldn't the average person on the street wouldn't even know that one brothers produced two and a half men yet. It's probably the biggest revenue generator that the company has so I just I think it'd be very interesting to see how warner's approaches this ecosystem and who they sell to and who they don't and from the consumer standpoint of course the question is how much does this cost they said it will.
Midday Brief for Monday, March 5th
"Get exclusive insider access to Milan style and design with WSJ magazine and into Garay make private visits to galleries top restaurants and shops late coamo and much more book this once in a lifetime trip at Indy. Gory dot com slash WSJ magazine or call six four six seven eight zero eight three eight three. I'm Jay are Waylon and the newsroom at the Wall Street Journal in New York rescue teams in southeast Alabama are searching for victims after a deadly tornado tore through the area on Sunday, killing at least twenty three people, including children the tornado was part of a larger storm system that also struck parts of Florida Georgia and South Carolina, AT and T has started reorganizing its Warner media unit by combining its numerous networks and entertainment businesses. NBC entertainment, chairman, Robert Greene, Blat has been tapped to be chairman of a newly created unit called Warner Entertainment, which combines HBO and Turner's entertainment operations and Turner's sports division will be overseen by CNN chief Jeff Zucker who now becomes chairman of Warner media news and sports and president of CNN and China and the US are in the final stage of completing a trade deal Beijing's offering to lower tariffs and other restrictions on American farm. Chemical auto and other products in Washington. In considering removing most if not all sanctions levied against Chinese products since last year for more on these and other stories of the day, go to wsJcom or the WSJ app.
Apple, Disney Enter Streaming Market
"This message comes from NPR sponsor xfinity some things are slow like simple easy awesome more at xfinity dot com restrictions apply it is not about us I assure you so this joins almost a half dozen new high profile streaming great sitcom out of sticking a camera in your offices this is like a competitor Netflix or what well you know in a way I mean big outfits like Disney and Warner media built their own streaming platforms and apples joined in own and it offers original commercial free shows to draw consumers deeper into about us how does the pay that's called the morning show on his new service Emily Dickinson and The Best Apple TV pilot I've seen is this anthology it for the two point overs just give it some time Yeah okay so in less than two weeks November out there that are going to try to serve all most of your TV needs and it feels like Disney pluses that seven dollars a month for about seventy dollars a year I mean I think sometimes it's tough for critics like me Well can you give any advice about what to do here I mean we've all Amax this year from or this week for more media they're promising like ten thousand hours of content diary to see what you actually watch a be aware of what's out there they're streaming platforms when the season is over and and go somewhere else and the combined costs could easily be less than like you're getting a cut loose at an awesome library or mazing grocery store and just enjoy.
John Stankey, President and COO at AT&T as well as CEO at WarnerMedia, joins Influencers with Andy Serwer
"John Stinky is at the center of a fight over the future of TV with hundreds of billions of dollars at stake stinky runs warner media brand that features big name properties like Hbo Turner and Warner Brothers. He also sits in the C. Suite at parent company and telecom giant. At and T. where he's the president and Coo he's here to talk about Hbo's New Streaming Service. How to compete with the likes of Netflix and Disney plus and what show will be the next game of thrones influencers with Andy. Serwer is brought to you by Verizon. Welcome to influencers. I'm Andy Serwer and welcome to our guest John. Stinky who is the president and CEO of at and T. and also the CEO of that Companies Warner Media. Business John Great to see it's good to be here. Thanks for having me so full disclosure. I worked for Yahoo which is owned by Verizon which I guess is spared that you knew that coming in so I guess it's fair to say an arch-rival of eighteenth lease when it comes to the Telco business so maybe we should start there because I wanted to ask you John About The T. Mobile Sprint. Deal that a federal judge approved last week. What is your take on that particular transaction and how it will reshape the business? I mean the judicial process was a bit surprising and I think it just adds to the list of the number of surprising judicial activities. We've SEEN OVER THE LAST COUPLE YEARS. Not Not only in our industry but elsewhere and I think probably if I step back from that as a broader issue in business I get a little concern is getting harder and harder to predict what outcomes are and if you read the judge's decision on that he kind of looked at a bunch of long standing antitrust law and said I'm not sure I can make sense of a lot of this anymore and we need to think differently about how we look at these types of transactions and that kind of uncertainties tougher business. It's tough for making long-term investment decisions and I step back from that and I worry about that at the macro level more than anything else relative to what it means within the industry. Look we're GONNA keep running our game and doing what we plan on doing. We've sit in a really good position. In the industry are spectrum. Position is in great shape Certainly one of the motivations at T. mobile sprint transaction was to improve there's The they will have an opportunity to do that. They now have a lot of execution around that to make that a reality. We've been executing on the spectrum that we have in place for many months and feel really good about our transition into five G. earlier ship there and we're GONNA continue to push on that dynamic and feel like we're going to be a really good position as we run our plays execute moving forward combination of our network strategy and how he started bringing content in entertainment into the offering for consumers. Want to dig into that a little bit more but first one more question about T. Mobile Sprint. What about from the consumer perspective? There's concern there's not enough choice once you have the big three. What about that? Well certainly the finding from the court was it. Isn't the Big Three. The finding from the court was Hinged on the dynamic that there will be a fourth new entrant Charlie Ergen however Charlie chooses to go to market and using the divest assets of those companies that are part of the transaction. I don't expect that I'm GonNa see any drop off and competitive intensity in the wireless industry to intensely competitive market today. I think it will continue to be that way. I think we have multi modal competition that shaping up where we shouldn't just look at wireless the wireless industry. We should understand that. Broadband US and connectivity is now starting to move between fixed networks and wireless networks really any network and as a result of that. I don't expect we're going to see any drop off right. Let's let's get back to the strategy that you were just touching on before what is. At and T.'s. North Star. And how do you expect to get their? What's a good question? So our North Star. I think effectively as we want to provide incredibly reliable and competitive connectivity to our customers and I believe our viewpoint of what is occurring in the industry that as connectivity becoming more ubiquitous and has customers have a more difficult time about telling the difference between provider air provider be You need to differentiate on top of that and our approach to differentiation will be what we can do to provide a great customer experience. That connectivity is global and wherever they go into as they can do things like entertain themselves on top of that. Now we're not gonNA see that. Light switch turn overnight. That isn't a tomorrow kind of thing. But if you think about the trends that have been occurring industry over time how important coverage maps were speed was maybe three years ago or five years ago. I would tell you that that dynamic and customer choice is probably a little less significant than it was today in three years from now it'll be less significant and so we need to make sure we have the right kind of opportunities for customers to do multiple things on our platforms to have an emotional attachment to the company. And that's why the push and entertainment is part of that. So that customers think about us more than just a connectivity provider that they can rely on us for that but they also have other things that they can do that are important to them so how will five. G. Change the content business. And how are you guys playing that? Well Gee I think initially will probably do less about the content business. My personal view is early on it will very much be an enterprise play We're already seen those kind of use cases pop up in the medical industry and manufacturing And I think you're going to see dynamics that occur for example on Thomas Vehicles and what starts to happen from an enabling perspective on that land replacement is another dynamic that I think we'll see in the enterprise space. Where moving from what used to be fixed and and wired lands into wireless Lans and how that opens up opportunities for firms then comes the consumer applications and on the consumer side look Augmented reality and virtual reality will be enabled by five G. And when you think about that mix with entertainment content and interactivity. That's a big change so start thinking about somebody who's a sporting arena enjoying a game and there's augmented reality and opportunities to involve themselves in the game maybe through wagering Maybe THROUGH AUGMENTED STATS. Experience at the local venue operator provides for that particular sporting event. When you start thinking about gaming in how content might move into gaming bring in social dynamics around at five G. and allowing it to be untethered as you're consuming that content anywhere I think brings in a interesting possibilities so I think what we're going to see is probably the entertainment dynamic follow. Maybe some of the enterprise stuff does a little bit of a shift from maybe the last ten years where we saw consumer start delete a lot of technical innovation and business follow. We're kind of back into that historic trend of maybe business lead in this case and consumer following. Now that's interesting. You have a broad portfolio here. At and T. And you have a pretty broad purview as the COO and then also head of the media business. I like to ask you about a few of the companies Direct TV. You guys have lost millions of subscribers there. How is that business looking in? How are you going to turn that around or pointed forward? I don't know if you've ever quote turn it around. I think direct TV operates in a space. It's a fairly mature product. Which is the packaged pay-tv business? And I would say as we expected when we acquired it and we talked about that that was kind of the peak of subscribership and we were going to see a decline over time our intent when we did that was to make sure that we could offer products and services that those customers would migrate into. Hbo Max and what we're going to do around streaming would be an example of how we take a very attractive customer base and move them into a product that has runway for the next ten years. So I don't think our objective with direct. Tv is to quote. Turn it around. I don't think Reverend AC- growth in the traditional pay TV package. The goal would be to get that customer base and move them into other products and services that are the forward leaning products and services. It's still continue to have that entertainment based emotional relationship with customers for the reasons I talked about just a few seconds ago Now in terms of how business is performing right now. I'd like to see it perform better. I think the management team would like to see it performed better. I think we should be in a situation where that business given. Its track record. And History performs consistent with the balance of the industry and we clearly have seen some losses over the last year to that have probably been slow than what has been occurring in the industry customer losses. And the kind of activities that were underway with right. Now is to make sure that that's more in line with what we see. Generally in the industry and last quarter team did a really nice job of starting to get the churn numbers back into context of what we would expect in the industry. In general we had a big launch coming up on our new software driven product which is a more modern user interface better features that dynamic will improve the customer experience and their their relationship with the product moving forward which will further help us not only manage churn but also Dr New Gross adds into the business that we wouldn't get otherwise for maybe a customer that said you know. I'm not really enamored with a satellite only product. So good things coming to do that. But let's face it that businesses not going to be a growth business moving forward you mentioned. Hbo Max I want to ask about that a little bit more and streaming of course. Which is you know something that you obviously are. Keenly focused on is cable dead. John Are you more worried about say Netflix now than you were traditional cable. And how does? Hbo Max Fit into all. That cable. Certainly isn't dead. I mean let's say connectivity isn't dead right it's it's becoming more and more relevant every day. Think about all the aspects of our life is. We talked about that. Whether it's wireless connectivity or fixed connectivity that your foundation of what you're doing at any given moment of the day is attached to having some ability to communicate or run a data session network so. I think it's actually becoming more important and having good high-quality connectivity is more and that's fundamentally underpinning Y at&T of US investment in that space whether it be five G. or fiber is still critical to our future is the bundled. Paytv package run. Its course Yeah it's run. Its course in terms of peak and it will. It will have a decline like many mature products that have been around for decades Experience and go through and so I expect that will be the case and customers in terms of their consumption of general entertainment content of founded better way to do that. Which is I want to watch what I WANNA watch when I WANNA watch it and also known as streaming and it's important that we position ourselves to be in that space That doesn't mean that we won't still have news. Sports maybe unscripted content that has social characteristics to things that are time and place specific like people want to sit down on a Tuesday night. Watch the bachelor Because it has some social relevance in some momentary unveiling that make it relevant. I think the traditional pay TV products still has a space for that and we'll continue to be viable for a long period of time as a result of that's the most efficient way for people to see that kind of content and programming. We Wanna be in both spaces and we WANNA product ultimately merged together. And I think we're incredibly well positioned to do that. Some people have questioned the HBO Max Strategy. And that it conflicts with other strategies internally. I think there was an article in the Hollywood reporter about too many cooks the kitchen kind of thing. Can you respond to that? I thought that article in the Hollywood reporter was frankly of really bad piece. And I don't think it was based in any reality I don't think anybody who runs around this business things. We have too many cooks in the kitchen. I think what we have were focused on ensuring that were migrating our business to have the right platforms in the right way to engage with customers moving forward and if somebody isn't stepping back and asking. Gosh you know is the distribution changing is general entertainment content distribution changing and asking what we should be doing to adjust our models and shift our behaviors shift. How businesses are focusing. Then they're asleep at the switch and the fact that our businesses doing that responding to these changes I think is a positive thing not a difficult thing and I believe if you were to talk to employees inside Warner Media and say did they feel like it's necessary for us to look for other distribution options than the pay TV package and that maybe we shouldn't entirely index all of our theatrical development on releases into theaters. They probably say based on how consumers are choosing to do things. That'd be a wise thing if you're running a business and I feel very comfortable with our addressing those things and frankly I'm proud of the management team and what they've been able to do to adjust their approaches to things and make as many changes as they have over the last year to start thinking about these evolving distribution models. I want to ask you about the integration of. At and T. And Warner and how? That's going it's been a while now and then also ask you. Do you think John that. President trump through the Justice Department tried to block the deal. I really don't know what went on behind the scenes. I know firsthand information running like that As I said at the opening of our discussion here the fact that it was challenged was a bit of a surprise to me based on historic judicial review Precedent and how people looked at that. I wouldn't have guessed that would have been the case the day we announced the transaction given what we've seen over decades of antitrust law so certainly it was a data point as I mentioned earlier around our standards of all are things changing. And how do we predict what is going to be challenged? What isn't going to be a challenge? What will be approved? And what's the process around two years for a a sprint team? Oh Transaction Review and approval ultimate challenges. A long long time. It's tougher business so I was a bit surprised by it but I have no idea what you know. The foundation of was and you know. Fortunately we have great institutions in this country and I think in this case the facts and the data were put out there and I. I'm comfortable having watched the entire judicial process. That justice was done in the facts were put on the table and further. I would say if you look at what's happened in the years since the approval or a little over a year and a half now. The markets have developed exactly the way that. At and T. And Time Warner represented. They would in the in the trial and many of the things that were being challenged by the government at that time. In fact or irrelevant and dropping in significant. So I I really don't know the foundation of it in terms of how the integration is going really pleased about it. We've already indicated that you know we're well on track to achieve the expense synergies that we laid out for the business and You know now. This year is about seeing some of the advertising synergies that we expected to show up but more importantly about using the combined capabilities of. At and T. And Warner media to be able to offer new products and services you know the innovation and the customer choice that will come with. Hbo Max and the Foundation of that as a platform to allow us to not only have a subscription service but an advertising service. I think it would be great for the industry. It's going to be great for the consumer and so this transaction really is about that new choice and looking to that Corinne in the market. You guys have Stopped allowing net flicks to distribute some of your content right and some suggested. Well that's what the government was concerned about. Is that an issue. The government wasn't concerned about that. The government was concerned about whether or not there would be A restriction of offerings in the pay. Tv Bundle to other distributors. Which you know couldn't be further from the choice we Further from the fact we continue to be very aggressive maintaining our distribution relationships. And in fact I would tell you. It's probably been the opposite where we've gone out. Oftentimes offered distributors very competitive packages. Attractive options to do that. Maybe they've made a choice not to distribute Because the markets are changing and evolving. Maybe they don't need to have the traditional content that we've offered within the pay. Tv Bundle because customer choices shifting. And that's exactly what we said would occur in those are distributors making choices to do that not us restricting them from doing that I in no way shape or form. Think that there's any way that you could say that if somebody chooses not to license a particular content to a competing service but it's widely available for folks to go and get somewhere else that that's a bad thing for a consumer in fact you know we see customer choice with Disney plus and apple apple plus and Hbo Max Netflix flicks. That's a good thing. Customers are getting choice. They're out there making decisions as to what fits for them. I think that's exactly what we want. Markets to do and we continue to license some of our content as we said. We're not an all or nothing proposition around here. The studio continues to provide content to third parties. We continue to do development for third parties. We think that's a healthy media business when we're serving the entire ecosystem and we'll continue to do that so John Urine old telco. I shouldn't say you grew up until you grew up in the Telco business so stipulated. Okay how do you? How did you get up to speed with all this content and all these different brands? And it's it's it's a totally different world from the the way you sort of learn the business isn't it? It's invigorating right. I mean it's I I'm in a very I think enviable and unique position to be at this point my career and be stimulated by having something. It's very different from how I grew up. And what I worked on I find it incredibly interesting. And it's not hard to have the energy to get involved and try to understand and work through these things I will tell you. I think if we go back to what we just talked about in terms of. How the industry's changing not not just median telecommunications but virtually every industry direct customers. You've got a challenging business moving forward. I think that's what we know about. This hyper connected platform centric Internet era and when you think about the expertise that I bring in from my maybe I thirty four years of working in industry. I understand how to manage customer life cycles. I understand technology and platforms. I know how to manage a customer acquisition funnel and deal with things like churn dynamics What I probably have really no foundation and has had it worked creative side of content development. But when you think about what's necessary moving forward you you really need distribution you need technology and you need the content together and so you know my job is to get all the people who have expertise in those areas working together to move forward and I think I'm reasonably well equipped to do that in this changing environment. Either you've got to come from a content background and learn technology and distribution or you gotta know technology and distribution and figure out how you bring content folks in and that's the reality that I think. Many in this industry are coming to grips with so many different brands and CNN. I think we've got it right. There is one of them has been in the president's crosshairs and that's a positive and the negative in the sense that there's a tremendous amount of viewership that has accrued to CNN. How is CNN doing right now? Cnn's doing great. Jeff Team are doing a wonderful job. I I wouldn't say that. Cnn per se is exclusively in the president's crosshairs. Actually say that media the doesn't subscribe to the the president's narrative is in the president's crosshairs and You Know Look. I think our point of view is CNN and any other media should be in the role of telling the truth and reporting the facts. And I think we do a darn good job of that each and every day and it's tough environment it's a tough environment ascertaining. What in fact are the facts and I would say. It's far more complicated than it ever has been ten years ago and I'm proud of the way the CNN team works through that on a daily basis. The complicated environment were end. Makes it more difficult to be accurate? Each and every day there are new ways. You have to validate that. In fact you're bringing the right facts out to those that are consuming it and do we make mistakes sure when innate the mistakes. I think we acknowledge that we make mistakes but by and large. I think we do a better job than anybody else. Out there of ensuring the facts are reported and reported in the right way and I think that's necessary for a functioning democracy. I think it's a key element of what keeps our systems that I talked about earlier working properly and I'm really proud of the role that CNN and the team plays in doing that kind of adjacent to that. John facebook Google social media twitter. Are you concerned that those platforms have too much power? I'm really concerned about the concentration of economic power. That's occurring in some of the new tech companies and of course then what occurs in terms of their practices around how they think about those platforms influence in society. And I you know I heard some comments. The other day that Mark Zuckerberg made it said. He's thinks he's somewhere between a a distribution company like telephone company and Media Company and therefore they should be handled differently. And I kind of Said you know why did aditorial integrity show up in media companies? You know what came first will editorial integrity and editors arrived because people needed to make sure that their source of information was in fact doing that ethical and fair reporting that we just talked about and so. I don't think you can sit here and say well. Just because I'm not a media company I shouldn't need editors because if that's where people are consuming facts and information and if you're aggregating and producing that to move out then you probably need to think about what the editorial integrity of your platform is. I think we're going to be into Some interesting times in the coming months and years around how that evolves and I do think it's an area that we need to have a broader social and civic discussion on around what we want as a society and let's productive for US maybe more regulation. I think it's inevitable that there's going to be some more regulation on some of the tech platforms based on what we're learning. And what we're seeing in terms of how they're operating their businesses another interesting company in the news right now is wall way and I'm curious to hear what you think about. While away technology quip being used in the United States and in Europe will look. I think You know I've been in the network business for large portion of my career and I've kind of gone through this this evolution of the hyper connected environment and I think we're always going to have security threats And they change The the the reality is it's a little bit like playing whack a mole. Something is identified. You learn how to deal with it. You beat it down and then you know very creative people come up with something else and I think Wa wa in the dynamics of where equipment sourced from is today's story of probably what will be another chapter in a book three years from now with something else that we're all dealing with and it may not be it may be some other dynamic that we're dealing with. Do I believe a healthy environment for those of us who deploy infrastructure for communications is that there are multiple suppliers an innovation occurring in multiple places? In that we are able to ascertain that the integrity of the supply chain is in place. Yes I do Do I think we're in a situation right now? Where if you look at the concentration that's occurring in a particular type of communications equipment in this case. Mobile is getting too focused on a particular company in one where the supply chain is a little bit opaque. I think there is some risk of that. Right now Do we need to take steps to adjust to that risk to any other security threat that we've identified over the last decade and tried to respond to. I think we do in my confident that through a variety of good management techniques and policy that that can be done and we can assure that there's multiple providers of equipment that can sustain itself on a global basis. And bring good services to consumers that we can rely on. I think we can do that. but there are some tweaks need to occur right now to ensure that that's the case as we move down the road for the next five years you had an activist investor. Elliott management rattling. Your cage a bit Where does that stand right now? And if you made peace with those guys I think we have clearly are of like mind. And what we're doing to manage the business moving forward and if that's using your term making peace and yes we've made peace. I think most important for this management team is we have to deliver on. Our commitments are We have part of that activity with Elliott was to be clearer and communicate out to our investor base. What our intentions were. And it wasn't that we had differences of direction I think Eliot was right and maybe pushing us to be a little clearer and what some of our direction was and how we intended to approach capital allocation and the strategy of the business moving forward And we were articulate and doing that and now our job is to make sure that the management team actually delivers on what we have communicated in terms of what our three year plan is and how we're going to allocate capital and offer Competitive Returns to our shareholders and In that regard. I think we're all good. And our job is of course to make sure we deliver on that and and bring the Bacon home so that not only Elliott but more importantly our broader basis shareholders feels like their trust in. At and T. Was well rewarded reducing debt. Part of that. We've done a great job on that and I would tell you. I think we're in a very comfortable position right now. We've talked about that extensively over this past year. We made a commitment that we would be a two and a half times EBA by the time we exited. Two Thousand Nineteen we. We hit that on the mark We've given some guidance. We'll continue to do some debt reduction as we move forward over the next three years. But more importantly we issued a lot of shares to acquire Time Warner as well not just dad and Retiring those incremental shares that we issued Is another key important aspect of how we're going to work on capital allocation over the next couple of years and when we have the debt structured in the way we do it's ladder out in the fashion that it is and we've done a really nice job of stretching out when you're looking at The kind of infrastructure. That's in place when you look at the difference between interest expense in our dividend yields It's you know it's a prudent thing to maybe be a little bit more focused on managing equity issues right now not turning away from debt but balancing that out. How do you in Randal Stevenson? Ceo worked together The same way we have for probably the last fifteen years we. We work really well together. I think we've had a productive and and What I would call agile relationship? I think that's probably one of the things that makes it work well as I know him well enough that I have an idea of how he thinks about things and I think he knows me well enough that he has an idea of how I think about things and that shorthand helps in a business. It's moving quickly. And we need to Jill dougherty and we check in on the right things that we need to check in and keep each other informed of and at the same time there's a degree of trust that I can infer what direction he'd like to go and they trust me to make those decisions by enlarge on most things day to day. That aren't you know significant that require us to check in from a governance perspective so it's a very fluid and productive relationship and one that I think is built on a foundation of mutual trust and knowledge of how the other behaves and how they think and John. Finally programs called influencers. And so I'm curious as to how you see you using your influence on the world you know. That's that's a good question and he. I have to be honest with you that If I were to maybe critique one of my weaknesses as an individual is I tend to come in everyday thinking about what I need to do within our company and around the people I work with everyday to run the business better. We got a big job a big job. There's a lot going on any given day. And that's you know what I get a lot of energy out of and that's what I get a lot of satisfaction out of sometimes. Maybe underestimate what that means in terms of the influence and cycle outside of. At and T. or outside of the areas that I'm directly responsible for Is I think today about where I would really like to make a market. You know things we're working on internally spent a Lotta time talking about diversity and inclusion not only within our workforce but in the content that we're creating that moves out into our customer base I think there's a lot of work to be done there. And I think we're leading in many respects but we still have a long road to go to get ourselves into a structure. An approach that makes sense for society and the markets that we serve so. I think there's some influence that that will ultimately drive over time. Look I think the fact that we run very connected business and we CONNEC society and the dynamics around what our technology can do to manage things like global warming and the environment and how we can enable changes in work models that make transportation more effective. I think that's really important stuff right now with. What's in front of us and I don't underestimate just doing our job every day. Well to provide this ubiquitous connectivity that allows commerce and innovation spawn as being a really significant thing that I do every day and the team around me does John Stanky. Coo OF AT and T. CEO Warner media. Thanks so much for your time. Thanks for spending time with appreciate it. You've been watching influencers. I'm Andy Serwer. We'll see you next time.
Hydrofarm CEO, Generac CEO & Revisiting The Stormy Cloud Stocks
"You gotta take a listen to list. It's squawk pod that's right. Cnbc's flagship business. New show is a podcast squawk pot this control to is not just the show. Folks might be even better. Because it's only audio join me. Katie kramer as i take you inside the squawk box control room and beyond the headlines of tv broadcast with joe kernan becky. Quick and andrew. Ross sorkin every weekday. Subscribe to squawk pod on apple podcasts. Spotify stitcher or wherever you get your podcasts. Why mission is simple to make you money. I'm here to level the playing field for all investors. there's always a bulwark at summer. And i promise to help you find it mad. Money starts now Kramer walk money book. Look america be one in france who's trying to make some money mike jobs entertainment educate and teach so call me at one eight hundred seventy three. Cbc or tweet me. Jim cramer big story. Today wasn't the tepid action dow dipping fifty four points backsliding. Five percent nasdaq points. It was the tragic comedy that is eighteen this morning. And what many of them being your blockbuster me deal. Eighty told us that it's spinning off. Its time warner media. Ashes merging them with discovery and creating entertainment colossus company. Forty three billion and cheryl's seventy one percent of the media. Pisses are almost all the commentary about. The deal was positive. Like it's a terrific outcome for all involved. I honestly couldn't believe my ears. It's not a transformational deal for sake. It's the final act and one of the dumbest mergers in recent history. That's right eight hundred eighty five billion dollar acquisition of time where you close less than three years ago. It's impossible for me to talk about this trees actually the straight face. Really if you look back at the reasons they acquired time warner in the first place it was pure idiocy from the beginning go read the headlines. Go into stories like i did today. There's lots of gobbledygook. How to strengthen distribution and knowledge of customers could we city josh with creative talent time water. Atc you at the time reynolds. Stevenson said many times. He said we're going to bring a fresh approach to how the media and entertainment is. She works for consumer content creators and advertisers. Why the heck would have phone company by media. Business good question. Stevenson repeatedly talked about how most media companies don't have a direct relationship with their viewers terse up that's because there's no point in having today's move is a major nonsense at all this talk of synergies monetize. An eight thousand close relationship with his customers was totally. I've seen new. Ceo's coming from outside dismantling operation when they take over but the spin of tom worn away from an insider who would run the division some unprecedent there must have been nothing special at all to the acquisition to begin with except the huge amount of debt. Att took warned by the darn thing that they couldn't afford if they were going to build out five g and keep the dividend. Oh yeah that's right. Keep the dividend one thing that most of the shareholders of att wanted. Now if you read the fine print you'll find that the dividend has been cut in half. Of course she didn't say that that'd be too brutal at all. They said quote. Ed the close as close in subject to board approval. Att expects annual dividend payout ratio forty or forty three percent or anticipated free cash flow twenty billion dollars plus woo but sounds good right. I mean maybe it's different. Boost your math. It's a fifty percent dividend. Cut transformational another word for disgraceful. To me this was a tremendous destruction. Evalu- was really nothing to all that direct relationship. Nonsense they use to justify the time warner acquisition. I read a lot of talk today. About how the entertainment landscape changes so fast they continue to do something to keep up and this was it spare me. It's up to the entertainment business. Change deal never made sense in the first place. There's no synergy a wireless provider owning. Hbo the truth is eighteen. Boneheaded decision now painful but in corporate america no one really pays for those those other minute no one can emit quote. This is one that i would put it. In the press release my predecessor may be one heck of a moronic move paying eighty five billion dollars for time warner just a couple of years ago money. We didn't have claiming are wireless subscriber base with somehow augment the media business but it turns out. We're just a heavily indebted cell phone company with no important consumer relationship at all because that will heal well compensated. Bozo paid so much for no reason whatsoever. I have to dump this thing for about half of what we paid. And also cut the dividend half. Even though. I know the only reason why showers. At and t. was a source of income period. End quote there were given that quote. That's good right. I mean. I envision few us at honest but it can't admission at least screwed up would have been so much better than all the garbage heard today. So what does this story really mean for. You shareholder well. I hear similar lessons in corporate america and he goes no one's going to stick up for you. The existing shoulder got sucked into owning. This one because. At and t. Told a fantastical story about how the you from the deal with. Support their dividend. No-one apologize soviet waste even though they effectively billions of dollars on fire right up the chimney. No-one is the guy who put the whole stupid deal together. Even mentions the now dubious rationale when reynolds teams since stepped down last year. What did he got sixty four million dollar time in package. Thanks for nothing. Here's your hat. what's your hurry. Don't the door way out. Then you have to wonder what really went wrong here. You could say it's the bogus concept but that's only part of it. The other part this is what happens when you run the most heavily indebted company in america. I can tolerate this blundering by apple or alphabet facebook. They never do something stupid. But at least they're sitting on msa cash so they can afford to make mistakes but at and t. already had billions upon billions debt cleaned by the way forty eight point five billion from another oh faded acquisition spun off tv seven years ago given the state of the balance sheet. This time warner deal was completely. Ill advised him. Boy oh boy am i. Putting employees second its equivalent to learn. Why should never reach for you because most of the time when you have the stock six point six percent yield and this low interest rate environment. It means there's something very wrong. Otherwise the stock would be higher in. You'll be lower. I sink great only because if you bought eighteen within the last few months sally possibly being hurt learning this lesson if you dumped it today when i send you should when it was still up it deservedly ended down two point seven percent to close a three one dollars and thirty seven cents. I got to make mistake and may not be done going far. The only sports. There's no referees in this business there's nobody to say no. You can't do this against the rules in theory. The board of directors could play that role. But i don't think. At's board played that role. It's fortunate that so. Many american companies have very little debt in a very less far less desperate than att when it comes to direction discipline. There are three companies for instance with good ballots. He's trying to make acquisitions right now. All three make a ton of said so. Let me show you how you can do it. All right see you got salesforce trying to buy slack for twenty seven billion and video trying to arm holdings for forty billion and advance. Goodbye says close. He owns silence for thirty five salesforcecom slack to compete with microsoft slots terrific product and ceo. Mark benny offices tremendous acquire. Who's appealing proven wrong. With these acquisitions now invade he wants to own the device business and arm holdings has has the best shift from mobile devices. The combination could be so unbeatable. That maybe the deal might not happen. Governments may not work. The british government's. Against it andy. With the weakest balance sheet of the lot needs zeilinger. Diversify away from pc's and servers reawaken intel silence chips from very different markets including cars aerospace in healthcare. These deals make sense. This is what do it's not all acquisitions. These are the kinds of actions with the rationale so clear that it's not even arguable. There's no alchemy plus each of these. Ceo's has earned the benefit of the doubt when it comes to big strategic decisions. The bottom line att should never have bought time warner for eighty five billion. To begin with there is only one winner. Here fell obama. Jeff mucus the man who sold warner to att and made a fortune for shareholders. He's the one who should be celebrated as for everyone involved in eighteen. The whole thing is just a non transformational clown show. James james julia. Jimmy chill first time longtime welded show in the house although not really for this first one. What's going on. We'll take you for taking my call and you're sixteen years of education entertainment and enthusiasm every day. I try to bring us what's up. Jim revenue the eighth largest pharmacy company in the world. Santa fe yeah with their diabetes treatment. Asthma control the joint venture with glaxosmithkline. Covert nineteen vaccination and satisfy t being nine sizes twenty merck twenty eight navarre's twenty five is a growth and income. Santa fi is it. I've had paul hudson on the show. And i think it's a very good company. It's got a three and a half percent yield. it's very good. His historically i would have expected more from the vaccine the drug that they have on covert but they're good company. I think you've got something good there and thank you for the kind comments. Let's go to henry in colorado. Henry how are you. I am good. How are you. I'm doing well. Thank you Couple of months ago you had a A recommended some several dividend stocks One of them being being g food ticker be wondering if it is a inflationary environment Do you still recommend it at a good quarter. Didn't give good guidance. I mean what what happens with a lot of the companies but it does yield six and a half. They never cut the dividend during the bad days. But it is leaderless right now. Let the guy come on. I think the new ceo should come on. We've got a volving door there. It's unappealing to me. That would change things guy would come here and explain to us what happened the last last. Ceo all right now. I'd like to know what's power that. At and t. Never should have bought time warner for eighty five billion big ones the only winner here. Jeff ducasse whose sole teamwork. At and t. And didn't celebrate. Everyone's so busy forming overrode. Well whatever. Don't get me started tonight. Whether outlets are forecasting an above average hurricane season this year and combined with an aging electrical grid wives play potential for widespread power outages have some homeowners on high alert as they should be so. I'm going to be talking to health health. Then what's next for the high growth software stocks. I'll tell you if the group is finally put a bottom and an under the radar way to play cannabis legalization. Of course the us so stay with. Kramer don't miss a second of mad money. Follow ask. Jim cramer on twitter. I have a question tweet. Gramer hashtag mad tweets send jim email to mad money at cnbc dot com or give us a call at one eight hundred seven. Four three cnbc. Miss something ed to mad money dot. Cnbc dot com. I everyone carl came to a here. Thanks for listening here at cnbc. We'd like to know more about you. Including which topics you'd be interested in hearing about as we think about launching new podcasts in the future text podcast two six six eight six six and we'll text you a link to a short survey again the word podcast two six six eight six six standard text messaging rates apply. And we look forward to hearing from you. The last few months slashers biggest winners been hammered. even as many of them keep delivering his amish. Inner take gen. Iraq is best known for its in-home power generators best in show by the way. Although in recent years they made a series of acquisitions and restorers distributed energy technology that lets people sell their own power back to the electric grid generous been building a whole new ecosystem here and they've been phenomenally successful especially if a covert hit me home energy of much higher priority. I with spoke with fourteen months ago. Just for this new venture with getting started stock because one hundred sixteen is now at two hundred ninety three do triple. And that's after pulling back seventy bucks from its highs and look. The fundamentals are fantastic in late april Reported yet another blog. Quarter managements some stays invasion forecast yet jumpy six percent responses stocks. They'll falling thirteen percent. Hey you get an quarter for free. I say enough enough right here right now. This story is enticing to ignore slesinger close local. aaron young felt. He's the chairman. Ceo of general. Get a clearer picture. Big mr ya. Welcome back to me and money. Thanks for having me back. Jim and we got a great opportunity here. You seem to be the only person who recognizes that superstorm. Yuri was a game changing venue quote. One of the five major algae's ever. I like you to use yuri as prison to tell talk to people but how important jan rockies well tell you i think something like your e pointed out that the grid is going through some massive changes and there's a problem with keeping things imbalance between supply and demand so you have on the supply side a lot of change going on with more renewables be mandated. Now we're trying to decarbonise our power production and in doing that That creates some unique challenges around the volatility of those renewable sources and then on the demand. Side we're electrifying. Everything right. So everything from our heating and our cooling to our transportation is being electrified. So you've got some big changes in the grid and what's happening with that is it. Creates some some strange stresses when you get weather events like very you know. Severe heat or severe cold is really bringing to bear. You have this out in california. Last summer heatwaves had rolling blackouts. You had jury here in february and what it's brought to bear as the importance of power security especially with everybody working from home learning from home doing everything home right now. I think that your phrase home as a shanked. A sanctuary is so important at this time. And if your home is a sanctuary you need rack absolutely. I mean we need our power. Look think of everything in our lives today right. We take power granted. You take for granted until you lose it and then you think about everything in your home if things become very primitive very very quickly and everything we depend on for again being able to work from home or learn from home entertainment home shop from home. We're exercising from everything we have is. This home is a sanctuary focus on the home and power is critical to making all of that work. And you're basically creating a virtual power plant absolutely so what we're doing is providing people everything they need in their are snow to basically create their own small micro personal great if you will whether it's solar on the rooftop or a battery cabinet that's paired with the solar stores from power or generator to charge the battery or to us when you have extended outages. Basically we give you your own power company in your own home so aaron. I did some checking. A lot of people are narrative everything eli says they hang on every word but your battery capacity is far superior to tesla's correct it is. We offer bigger batteries. Because what we wanna do is want to provide people our for when there are outages. What tesla's batteries do. And what other people's batteries do in the clean energy space is. They tend to play the arbitrage. The stores power off the rooftop. Sell it back to the power company when it's favorable most of our batteries are built around really longevity for long duration outage. So it's it's what we heard from people. It's why we offer the product that we offer but really believe it's a better solution so you think that our previous president wasn't really big to say climate control but what i felt when i read through all the different inches neat win generic meets is needed that we just had to. Let's just say whether you're for or against trump there are weather events that occur that didn't use to occur. I mean i don't know in. The greed is older name when we were younger. It is i mean you look at what and again climate change. We're not meteorologists here but storms are getting more intense right so we see hurricanes that are causing more damage. We see the storms like winter storm. Yuri these events that used to happen every hundred years are happening every ten years every five years and our grid is old and it's above ground. It's it's not protected and susceptible to these types of events and it's under a lot of stress again the supply side the demand side is changing. And where we come out. We come out without power power. Outages are on the rise and have been for the last couple of decades. They're happening more frequently and they're lasting longer and again. I think people are just tired of it. And that's why our products have been such high we since the time you've been one i did not know about the five g play and i think it's important. This is still one more reason. Why people owning your stock so it's another huge part of infrastructure right. I mean everything is wireless today. Us world tethered to our devices and with the with the shift to the next generation technology. You're going to see some really high functioning new technologies coming out of that from driverless vehicles to drone delivery to robotic surgery. It's all going to be on the backbone of that five g network but none of it works without a continuous source of power and what the telecom companies are going to have to do is a really gonna have to up their game in terms of reliability and that's where we come in where the number one provider of backup power to all of the major providers in the wireless telecom space. And we've been doing that for over thirty years and we think that's a space that is going to grow tremendously over the next five years a one last one. She mentioned the aging population. The demo on our country impact your sales absolutely. I mean think about it today especially with the pandemic somebody. People want to stay in their home as long as possible right. They don't want to move to an assisted living facility. They want to care for themselves. They want to be independent. And that's exactly. What a general generator or generator. Power cell gene gift for them. It can be independent and they don't have to worry about if they lose power because that's a serious thing when when you're younger and you lose power you can manage things right but when you get older it becomes a lot more difficult to manage. The temperature managed just generally getting around your home. Things get very dangerous inside your own home especially if you have medical devices or medications that need to be refrigerated so as the population continues to age again another tremendous setup for us at least as we see it from a macro makro seen. I shouldn't say this. But i agree with you more. Thanks to harry. Egg chairman president. Ceo of generic. Remember this triple sensors last. I think it's about to have another major move. Aaron great to see you could see. Thanks this is the stock for this moment and it came down to them. I think it's pretty tracked. Their money's back in coming up for cloud conscious home. Gamers forty percents to freedom could be the only chance they have to make good. Even when the markets back kramer crunches the numbers on a need to know metric net fire. Everyone karl antony here. Thanks for listening here. Abc we'd like to know more about you including which topics you'd be interested in hearing about as we think about launching new podcasts in the future text podcast to six eight six six and we'll text you a link to a short survey again text. The word podcast two six six eight six six standard text messaging rates apply. And we look forward to hearing from you. To last week's roller coaster action is only time to revisit. The expensive cloud base offer stocks. These companies keep putting up some really great numbers but because we've got a booming economy. Money measures been falling all over themselves to dump the software as a service names. That's the power of this nation when the economy's growing like crazy wall street swaps out of consistently excellent companies like the cloud plays and swaps into boom and bust cycles. That can put incredible right now. Plus a booming economy tends to bruce inflation which makes us pay less for gross stocks because they trade based on future earnings many years down the road and high inflation. Well what does that mean. High inflation means future earnings have less purchasing power. Now though the inflationary of is fully important to some that we which is why all things tech master rebound heart through lows later this week. Meanwhile the red hot so for stocks have put back substantially from their highs last week. Jp morgan sterling. He's one of the best software. And also i fall pointed out siphon. The dot com collapse. The biggest software selloff typically takes you down to twenty five to twenty seven percent from the highs from february eleventh through may thirteenth. Get this he knows to solve first dachshund. He had covers already down nearly nineteen percent on average. Maybe there's a real chance. Most of the pain is already it. Of course it's possible. That could have even more downside. Given how much. The softwares of service cohort rally last year. And i'm certainly trying. I'm trying to look to call bottom here. Maybe silly right. And i'm not gonna do that but i do. Think this is a good time to assess the damage and think about which cloud names are worth buying on weakness especially since we head into what's known as the off cycle earning season when we get results from so few so many of these techniques. But it's very important to know this. Okay we're gonna show you that even though these companies have great numbers. It hasn't been enough for this talks to rally their two out of favor. The wall street fashion show. You're going to look at these will. Why shouldn't he just say bye. Bye bye it's too dangerous. These could be a source of opportunity because the best the stocks to actually get cheaper to go lower. But i'm wondering right now. I am not saying by these. I am saying look at this i. Through the damage assessment. We put together a list of seventy five high flying tech stocks. Mostly cloudy sofer names real sales no sacks allowed and man these things have been put through the meat grinder as fight close on average. These talks down. Thirty seven percent from there is out of the seventy five total names. Twenty six of them down more than forty percent more than fifteen percent the value destruction. This group has been mets when these seventy five high flying stocks peaked. They were trading at nearly twenty seven times sales on average. That's very expensive. If all the corners there now trading to seventeen point five times sales decline use the word just before that is a little duplicitous because the custom make them so. They're not expensive. There are different categories. Here you've got the highest flyers that used to trade more than forty times sales snowflake kupa software lemonade firm while they've come down dramatically from their highs. These things are still pricing. For example snowflake still trades at fifty five times sales. Die love snowflake the companies i. It's terrific data warehouse and business but in this market only something was such an elevated valuation has been very difficult. I was hoping to see lots of these stocks. Come down were reasonable. But only seven of the tech high flyers going from having price to sales mobile's to single digit double digit to single digit price earnings multiples. And that's not enough and unfortunately there. I'm started prices sales cheese. And unfortunately they're not necessarily the most compelling needs sprung for instance sells for seven point five times sales now. I liked that one. But it's in the midst of a very big transition to a subscription based business model. That can be painful for the stock in the near term. Even if it's only good the business etzion ourselves from nine times sales but when they reported their guidance was pretty discouraging and you could argue that still too expensive for retail platform. Now when you look at the fundamentals of the cloud socks for the most part. They're still very impressive. Remember we use something called the rule of forty. This is important. I bring up periodically the rule of forty. He had a general sense of software as a service companies. That's where you take the revenue growth rate then add the operating margin or ebitda margin and if the sum is greater than forty. The company passes the ideas that you can get away with rapid revenue growth and profitability or slower growth and high profitability to waste win. When you run the rule forty screen on the seventy five high flying tech stocks. Forty out of seventy five passed the test. Even though the markets totally turned against his court because the great reopening rotation businesses to which brings us to the big question that you've been waiting for our any of these tech stocks that pass the rule of forty tests and also traded less than ten times sales. Were by the answer's yes but they come with a master's quinn base passenger flying colors but the stock is joining the bitcoin and holy cow because it's been volatile every time he says something critical about crypto it gets hammered like today plus quinn base has spent to have a down year two thousand twenty two which is not great. The stock was awful today again after that they're square which i liked very much but it's only cheap on a price of sales basis because it is real earnings and it looks less of a steel on an earnings basis square as crypto kicker to which has gone from a positive to a negative. At least for the moment you've also got some high tech retailers that fit the bill white carven kupang but retails generally gets lower valuations because wall street has a preference for recurring revenue and retails all one off. The only true cloud play the passes the rule of forty and trades for less than ten times sales of all things salesforce. You know. I love salesforce mitch albatross owns it. But it's more of a senior growth name now. It hasn't been a ridiculously expensive high flyer along time. Plus the stock has been stuck in a holding pattern ever since they announced that acquisition of slack last year again wa believers salesforce. And i think he can bite here for the long haul. There's a good chance you can get an even cheaper is long as the economy keeps humming now fused next year sales estimates rather than this one negative few more candidates. Okay there see limited. A lot of people have been asking me about that one. Tell the doc okay. That's a kathy would name bumble. They just reported of outlook was naked. Endure dash which. I like very much. There are a lot like the previous group though in that. They're not really cloud so for place so they may deserve lower valuations the socks that pass through a forty tests and traded a little more than ten times sales on next year's numbers. Fifteen which i like wait. -til think roadblocks which i really really like and think is terrific even today service now which i like very much a firm. We heard them last week ringcentral. We heard last week. I can put on a small position here but leave room to buy more at lower levels. Because i wouldn't be surprised if there's if there wasn't moore paint store put together though and i've gotta tell you when you run the numbers. Okay on the high flying cloud stocks. The results are bit disappointing. I was hoping to see more clouds at reasonable valuations if that steep sell off over the last few months. unfortunately just. Aren't there yet. To many of these are still very expensive. So the bottom line at the recent beatdown is still too early to try to call bottom of cloud. Space there's been a lot of damage done but given how much the stocks have run going to the sell off of them could still experience a lot more downside before they start looking enticing without a major decline in interest rates. I think the cloud court will continue to struggle. And there's no heard any buying until we get to lower levels for most if not all of these stocks. Dennis in michigan dennis. Hey in action alert number here. Thank you for taking my call. Oh i appreciate clasping talk. I thought we we sure did try hard enough fantastic. Thank you like that so position. In interest a few months back. I wake the growth and the growth opportunity and potential but since his last report the stock has knows full back. I don't need the capital anytime soon. So i'm wondering if i should cost average myself down or sell them. Put the money to work elsewhere. I think he's just hold it. I think you can get a bump up rates down a little bit. It's a good company to get to be too high as people microsoft skin by it. I think the growers pay takeover ruben pictures again. I don't wanna sell. And then you get your saying to go. let's go to vanni in connecticut. Buja jim i'm a young investor in college and i watch her show regularly. I was wondering if you told me a little bit more about the performance of docu side. You still think it's a good bye. Despite its recen- dip Docu sign in zoom or both companies that are uniquely considered to be Closing of america's stocks. I think docu signs here to stay. Pajama understand that. Dr sign is very out of favor right now. If you're willing to hold it for a long time. I think it's gonna go back up but you have to hold for a long time. Because a lot of people need to be able to see how well it does with the pandemic running its course. Without the client and interest rates this cloud cohort that so expensive is likely to struggle much more money including my exclusive with hydro perform. Could the company offered under the radar way to make some rena canvas space. I've got the ceo. Them what powers right to be stubborn about inflation and all your calls rapid parts. Tonight's the lightning rounds. So stay with kramer. Estate legalizes marijuana. There's a lot of money meat. It's basically a gold rush but just like the actual goal burst on prospectors. You went bet on the company supplying them with picks and shovels which brings me to hydro farm holdings newly public copy. It makes hydroponics supplies and equipment. You use hydroponics go. All sorts of things endorse but right. Now there's tremendous demand from aspiring marijuana farmers now hydro from kim public at twenty bucks in december for hours closing the first day and then all the way to ninety five dollars in speaking february system though it's crushed by the rotation out of turbo charge stocks tumbling to fifty seven s today at these levels. I think you're getting boring. Hydro from puerto magnificent quarter last thursday. Measure reason for your forecast. Dramatically they've been guided for twenty twenty-five percent revenue growth talking thirty to forty percent that is spectacular yet. The stock barely budged the response. I think this one could be too good to door but don't take it from me. Let's check in with bill. Toler is the chairman and ceo hydrophone. Police get a better sense with quarters coverage pawsox kristall. Welcome and money. Thanks jim great to be here all right so bill. This is your first time on the show and when we do that we always give the floor to the ceo. So you can tell us exactly what you be thinking high-performing you give us a little background. The company sure glad to and thank you for having me first of all go birds. That's the most important thing right being a philly guy like you is a forty four year old company. We own brands. We distribute products. You know like you said you don't have to bet on grower in this industry bet on the company that owns us supplies the brands at the growers us. And that's what we do sell equipment. We sell lighting. We sell soil grow media we sell. We sell nutrients all these. Are the key products at growers. Need whether it's a home user of social user and we primarily sell jim through the retail channels we sell through the grow generations of the world the green coast of the world all those twelve hundred beautiful independent hydroponic retailers. That are out there. That's what we primarily work with and of course on the other side we also work with the commercial rose multi-state operate we consult with them. We advise them and we work through our retailers and our other third party partners to get product to them and really help them improve their yields lower. Their costs overall greater equality in parts. that grow. Bill morgan says the price of your pockets. It's pretty inelastic. what are they. What does that mean because you gotta get going. I think we have a great thing going. Jim it really comes down to the fact that at the end of the day. When you're in user your grower in sell the product that they're growing fifteen hundred to two thousand dollars a pound. They're gonna make sure that once they get the formula right a stick with those ingredients they wanna have the formulas right and when you use the products they know that were the ones who get the better yields a better quality the more consistency all that really adds up to a wonderful business model that allows everybody to make money along the way all right so you buy a company called heavy sixteen and it says that must be some important brand name people go crazy for. Oh it's fantastic. Heavy sixteen is a primarily a regional business today at a los angeles very strong pockets of demand and in michigan and oklahoma and so every other large controlled environment agriculture and candidate states. We hope to roll this out beyond those key for states and really take it across the country. They're great partners in great friends in gaza. We think we can build a really nice business with and it's very profitable for them very profitable for us. It really helps me. Remix are l. Every time we add in one of these companies are philadelphians. Pennsylvania may pass. This suit. And i was thinking okay. What happens if you form well bill. Why wouldn't someone steal your crop cop so valuable. They're very valuable. And that's one of the reasons that we believe. Most canvas will be grown indoors in the short run and over the long run first of all indoors you get four or five crops a year you get to control quality consistency environment. nutrient feeds lighting. Everything so yeah. You're going to be growing indoors because that's where the vast majority of the best way to protect your crop to get the maximum amount of quality and consistency in the crop. And that's really how this industry is going to evolve going forward so if you're a former this and you buy a hydro farm stuff you're gonna have really good yield. What are you. do you sell it to cooperative. How do you take. How do you make money. Well we make money because we have brands jim. We have a former make money. I know you make money saying like like let's say the former this explosive prop by using your stuff. What do they do. They sell it into the dispensary network. They sell it into the whole overall network it gets in to the ultimate consumer dispensary. And that's where they make money. That's a beautiful part of this whole value chain in each step of the value chain. Everybody has a chance to do well well to me. This seems like you have a controlled environment. You can do it pretty much your basement if you want to. If if you hook up with with a with a generation using high front parts at a certain point. Everyone's going to be doing this. Well i think so. I think it's a people love to farm. People love to grow their own. People love to have their own indoor especially in the last twelve months people have been growing more than they ever have all kinds of crops. And yeah. that's exactly what they do. And we've seen growth very very broadly. This is not just in the new legalized states. This is really an almost every state. In every mature markets new markets emerging markets markets. They haven't passed yet. All of that speaks to this incredible opportunity of just why broad based growth one last question. How much of your businesses cannabis versus other products like a indoor tomatoes. which i'm thinking about growing. yeah. I mean probably. We don't get great numbers on this because there's not a niece nielsen. Or ira like there was my last world. You we probably seventy five. Eighty percent of this cannabis. Okay one thing in forget. Jim is sixty percent of adults in the. Us still don't have access to legal cannabis country and that's a real shame. I was the ceo of hostess. And if i told you that twinkies couldn't be bought by sixty percent of the us you realize there's a lot more growth in that business your business very much. Bill toler chair hydro farm guys this businesses just on five monies back coming up next. What's make money together. What are we guide. Cramer's bringing the thunder and answering your burning questions in today's edition of the lightning round talking and then the like. Are you ready. Steve guy nick illinois mac jimmy kill. What's up so i'm calling today about. Anthony thicker a in em. I've been long since february and was wondering what you think of the combined with by more of it. That's so much like throwing. Unh you man. I'm giving you a three. Let's go to mike and new jersey. Mike jail from an old eleven world war guy right well mccilgan and the fragile egan's convoy to my diet brown and the team of a viable on doing reinfected expansion in europe china and you still a variety of more affordable available helping a product a look at the repetitive one year. Chart the cultural. Over it the auto. Call me a believer. I gotta tell you. I think that this one is a winner longer term short term. Obviously loser on diving idiot. Let's go to joe jersey joe. Aluminum supremo long-term view. Cl- what's going on partner. Listen you know not so long ago. This was over four hundred dollars pants. Friday morning i see that a hundred and eighty eight hundred eighty nine. I couldn't help myself. So how. Press the bible. And i went against what all the fucking head for fame not to buy a mega tax anyway. Since friday morning it went up. Four over fourteen percents. What do i do with this great company. Snowflakes start hold snowflake. Okay i want you to hold snowflake franks loop and runs that company. I know it sells and fifty five times sales. But i will tell you this. He will make money for you. Because that's what he does is make money so please. Don't dump it okay. Please do not dumb snowflake matinee alabama matt jimmy. Hey i got a quick question. I got about a spac. Has manufacturing facilities on three continent is vertically integrated and last week they just announced. Rnd facility in florida for commercial. Ev battery powered say top holdings gym man yvette. Or he'd be free down tonight. We got canoe. There wasn't good fisker. there wasn't good xl. I don't know you got to take some pain there as long as you wanna take some pain you'll be taken to pay. Let's cut a protein in texas league. Greetings from austin texas power. You go and how will you. I'm good thanks my question guts to kickers affleck coming not great. Not that kind of a homer all right got a whole homer. Then that's all really is. Let's go to robert marilyn robert hus- going man. You're fired up. i'm good how about you pretty good. Look thank you and all your team. You guys work hard. I just wanna say things yeah. Our team is terrific. I thank you for saying that. I do love these people. I love the team. It's excitement here. What's up off the look. Good feel about pro pro. I think he just dumped me per labs is one that just pass where head just kind of like. I don't know it. I'll have to do some work. Let's cut a market florida mark. jim. I hope you're well i am doing well. Thank you very asking what's going on. Well i don't wanna thank you for the advice on rob blocks. That's an excellent. That's such a good one Next up to kramer. I need your prescription united microelectronics by at this level. I think so. I i think so. It's just doing really well. I mean the charters warm stock is doing well. I'm okay with. I really am. Let's go to sherwin florida. Cheryl hi kramer. Today i'm good. How are you. i'm doing great. Thank you shared all that. You do to keep us informed. Did talk about a stock a few months ago. Emergent as an up and coming stock and obviously with the j. and j. issue thing it changed. Jimmy chill jimmy hard pressed to be chill now. That's a disaster. And i'm being really really nice. Okay i feel bad for. Jj did they ever signed a contract with them and that pledged conclusion of the the lightning round is sponsored by td ameritrade coming up quinton stubborn save investors from themselves. Kramer couldn't be happier to see. Jay powell dig in his heels. Find out why next. Let's say jay pal gives so many commentators money matters what they really want by. Raising his trip was in i. I wanna make it clear that i don't think he'll crack under pressure. Pals committed to holding rates low in order to put more people to work right now. We have six percent unemployment that got down to three and a half percent without any inflation back in twenty nineteen meaning. We're nowhere near full employment. We know he could cut minority unemployment in half. He knows there's a huge human cost to raising interest rates and eradicating inflation isn't always worth the trade off a lot of people you hear from everyday seemed to believe that inflation is unacceptable but mass unemployment is a necessary evil. Fortunately pow disagrees. But let's say changes his mind decides tape. The first thing happens the same people who've been hectoring him to raise interest rates will keep during them. That's what they do in the lobby. Second thing that happens long term interest rates go down while he raises the short rates because demand will go lower than third. we'll get an inverted yield curve. Waco below the short rates never good sign. The fourteen happens once the rate hikes start. They keep coming and at that point. We'll be likely be predicting a recession. Keep that in mind whenever you hear anyone. Preach about how the fini's titan they may be pushing for recession often because not always but often because they want to keep their labor costs down. Fifth pal starts tightening here. The unemployment rates headed back to seven or eight percent at that point. We congress's stepped in with more stimulus. But i think as way to paralyze bipartisanship pass anything meaningful. Six and finally the cycle starts over again once the fed rate hikes cause them recession all lots of certain cutting rates in order saving kadhamy. What's the alternative to the cycle of pain. Let me give you the truth. you simple. We let the inflation play out transitory. Maybe it's not either way i'd rather take an inflationary hit than recessionary hit. That said a lot of this. Inflation sure seems transitory. Look at what's driving i. There's mineral inflation right now. We're running out of copper. But it's some point. Gold mines will start. Boosting production and coppers main byproduct meanwhile junk picks will start paying waste management for copper scrap. China will slow it's ordering the biggest buyers and their economies already cooling according to numbers. We got just this weekend second. We've got inflation but a lot of that's because of some candy lover over you can do is trump the tariffs and the price will come down and that s seems the works third. Plastic prices have skyrocketed because winter storm. Yuri shut down so many plastic plants along the gulf coast. This is something that's rarely talked about but once facilities come back home and they should have come back online already. Plastic prices plummet fourth. We've got surging crop prices. But we've seen this movie before. Farmers will buy lots of new start planning like mad which causes prices to come back down. There's been three cycles like that. In the last decade fifth oils jump to sixty six dollars a barrel but every time the price of oil. we bounced these levels drillers in the permian basin. Add lots of new capacity. That's for all oils. Really fun these incremental. Well we have so crude. Oil comes back then. Six big chipmakers. Taiwan swim semi we. Don't they'll do. They'll switch from producing de rams of flash memory. Prices are rolling over because the age of remote work is coming to an end they can start supplying auto chips at prices until the automakers can catch up to the demand for the product hopefully annex. Pi starts making more than seven. We've got housing inflation suburbs. Because kobe has allowed so many people to work remotely as the world goes back to normal. That will come to an end because your boss is going to make you go back to the office. Eighth steel mill start adding you capacity which prices that pushes prices down plus icepick the biden administration. It'd be a lot less aggressive about cracking down on chinese dumping usually through through mexico then his predecessor for better or worse. There's no peter navarro in this administration ninth homebuilding slow so we'll demand from to appliances. We're products that. Creates a glut and clots lower prices tenth and finally technology continues to be a powerful driver of deflation as disrupt technology space expensive goods and services. There's more downward pressure on the price level. So let's put it all together. Most of the inflation we have right now is driven by shortages and shortages tend to be self correcting prices. Go up so companies. Have more supply than prices. Normalize problem solved to everyone calling for the fed to tighten. Maybe a little more faith in the free market. Would you if we let this process play out. We'll have a soft landing and j. pouch look like a genius and a hero of our tot alexei is always more market summer now palm shot and finding just for you right here mad money. I'm jim cramer. Seen law everyone here. Thanks for listening here at cnbc. More about you. Including which topics you'd be interested in hearing about as we think about launching new podcasts in the future text podcast two six six eight six six. We'll text you a link to a short survey again. Text the word podcast to six eight six six standard text messaging rates apply. And we look forward to hearing from you.
Why Sam Sanders Is Binging 'Friends'
"N. P. R. Hello Sanders Hello Stacy Vanik Smith and Sam you are the host of the wonderful. NPR News and culture show. It's been a minute but that is not why we were having you on the show today. We're having you on the indicator today because of this current obsession that you have. What an obsession it is? You've been on like an ultra marathon watching the TV show friends on net flix. Yeah it's really sad what's going on. Why would what prompted this? This like ultra marathon. So I'm thirty five now. I have to admit in my youth. I never watched a single episode of friends the commercial and it'd be like those on my friends but for the last several months Netflix. On netflix home screen kept telling me to watch friends like shows. You might like France France France for months and finally finally I began to watch it. I'm currently six seasons in really you love it. You're watching friends besides is loving and hating the show friends at the same time. I love the way that friends as a streaming phenomenon on Netflix. Right now tell so much of the story of the the streaming wars part of the reason that Netflix just kept pushing me to watch friends. This year is because they're gonNA lose friends very soon. Yes they're losing friends ends. And Warner media is like reclaiming it so that it can offer friends on its new streaming site. Hbo Max that it is rolling out next year Warner Media Radio owns HBO and this kind of thing. Taking back of shows and launching streaming sites is happening all over the place right now. This is the indicator from planet money. I'm Stacey Mac Smith and I'm Sam Sanders Today on the show the streaming wars apple Netflix. Hbo Hulu Amazon Prime NBC. They are all jumping into the afraid fighting for subscribers yes and tomorrow Disney plus launches it service and this one is beginning a ton of attention. It's supposed to be epic. It of course involve Golf Star Wars. which yeah it's a lot a lot so today on the show we're GONNA look at some of the big players in streaming what they're doing and what that means for people like me Who just want to watch the shows? They love support for. NPR comes from national car rental. Who wants you to know that with a membership in our complimentary Emerald Club you can skip the counselor and choose any car in the aisle at participating national locations you can even select an upgrade without paying extra learn more at national car dot com slash? NPR for today's indicator is nine hundred and seventy million that is the estimated number of video streaming subscriptions that are expected to exist in the next x five years And most people in the US they account for one or two of those. Yes at least right now most people in the US say they're willing to spend around twenty bucks per month on streaming which is like no it's a two streaming services maybe three and so these services are in this really tight competition with each other over those dollars. So Sam let's profile some of the League warriors and the streaming war. Oh Yeah let's start with the big one net flicks. It has almost one hundred and sixty million subscribers shocking. That's a lot. I didn't know that much. That is why they charge about nine bucks a month. A lot of folks say that it could be in trouble because net flicks is losing all these big shows like friends and the office to these other new streaming services and the thing about net flicks. Is that friends in. The office. Are Their two biggest shows. Most Watch on Netflix. In terms of minutes watched the old shows do so much better better than all of Netflix original content. Yeah and like I. It's it's much more economical than original content. Because you know people are going to love it you know it's going to be a hit and if you make your own content like queer eye and ozarks. They've definitely made some hits. But you just don't misses a lot of them. Are Mrs so now. Let's just lost all of these. These shows that that have been. It's like it's cash cows. It's losing its main business. So they're in trouble so the second big gun is Amazon. Prime Amazon prime has about one hundred million Liam subscribers they own a bunch of shows and make original shows like the Marvelous Mrs Mazel and the man in the high castle but they have a secret superpower which is that Amazon prime streaming comes with Amazon prime shipping so they can probably afford to be a bit lazy on content. Currently it's about thirteen dollars a month. The streaming almost almost feels like secondary. Yeah it's like the the side dish to getting things shipped to you really fix exactly. And then there is Hulu with twenty eight million subscribers. which is the home of handmaid's tale and now love island solution? Start at six dollars. But who has the service where you can pay to subscribe to just streaming TV so a lot of people. Use It to watch the Olympics. And Sam didn't you signed up to watch the World Cup. I did so. I signed up for the live TV streaming on Hulu to watch the World Cup. But I gotta say Stacy wasn't the best experience because the screen froze a lot. It was no boundary. Maddie buffering. Yo It's back and then on top of I forgot to move the live streaming service or whatever from my Hulu subscription So now that I think about it talking to you I'm still paying forty bucks a month for Hulu really. Ah Stacey there's more Yeah next up is apple. TV plus they have the splashing new show which everyone's been seen gene ad for that TV news. Show with Jennifer Aniston and Steve Carell and Reese Witherspoon. They also have Oprah's book club. I Would Watch Oprah's book the heck out out of that five dollars a month five dollars a month I might do that. That is like super. I mean who knows if it will stay at that price but five dollars a month is good. Then there's HBO Max which is coming next year from Warner Media and SAM. This is where you will now have to find friends and other. Hbo Shows like succession. And Am also sesame street especially street and succession are going to be seen full service. I know it's a little. Oh more expensive. It's fifty packs and then stacey there is more probably what will soon become the big Kahuna Disney. Plus tomorrow it's supposed to be the monster Mr of online streaming. Not only will Disney have all the you know Disney movies. It'll have all the marvel comic stuff and all the Pixar stuff and all the national geographic stuff and star wars star wars could probably have its own streaming site and he's just fine and in fact like the shows that Disney is developing for the streaming. Service has caused all this excitement. That's according to Jessica Reef Erlich. She's an analyst at Bank of America Merrill Lynch and she was actually at an analyst meeting at Disney when they introduced Disney anyplace there were audible gasping room when they started talking about mandatory him. Give it to what of their original shows. It is a star wars. Spin off and Jessica Jessica says there was a second gasp and then the second one time was when they announced the which was shocking. Love seven dollars a month. That's pretty good. So if you add all all that up so far it's fifty five dollars a month for all those streaming packages. Yes and there are a whole bunch of other streaming services cropping up there's ESPN plus food network plus Youtube Streaming Channel Peacock is getting launched by NBC and that will have the office and Battle Star Galactica and saved by the bell and cheers and thirty rock. I've even mincing ads for B. E. T. plus O'Grady's upcoming streaming service and they're boasting about being able to offer the entirety of Tyler. Perry media pack cattle does zipping catalog. This formidable it's all just so much like it's too many services it's all annoying expensive in confusing you don't know want brothers created friends or that. NBC You on the Office you. It comes very difficult to find the shows that you're looking for. They won't all be in one place anymore. So Jessica look at things that most of these services will not survive. They won't get enough subscribers. I also think that like as this stuff becomes more cluttered and confusing. I'll just use all the services less when it stops becoming easy to figure out. What watching her so Jessica thanks to survive? The streaming services will end up looking a lot like the old cable packages so the big streaming packages But with a twist. The crazy twist is like these. Bundles aren't just going to be other streaming sites bundling together. It's going to include all kinds of things including like physical hardware. Apple's GONNA use Apple. TV Plus it's new streaming service as kind of a bonus apparently to get people to buy you know the newest phone or or special computers or a TV Disney snia Portland with verizon. So if you get an unlimited verizon wireless plan you will get the Disney streaming service for free and you'll get a deal if you sign a three year contract contract. It's a lot three year contracts with no cable package. NFL phone contract and an annoying apple equipment upgrade all in one. Do you know what it feels like. Sam What does it feel likes. They sort of feels like consumers are always stuck in second gear. It's like it has been our day or month or Stacey When the rain starts to fall today's episode of the indicator was produced by Jared Marcel backcheck checked by Nadia Lewis? Our editor is Paddy Hirsch and the indicator is a production of N._p._R..
Ex-Hulu CEO Jason Kilar named chief of WarnerMedia
"I'm Kim Masters and this is the Hollywood breakdown joining me. Of course from his home is felony of the Hollywood reporter and Matt. Despite the the lockdown we do have news warner media. At and T. The owner of Warner media made a big move hiring Jason Pilar. He had been the first head of Hulu he'd been gone from there for several years. Not doing anything of great notes since then but he was. He made quite a splash as head of Hulu and they have put him in charge of everything. I mean this is. He has never run a company of this magnitude. This is like a radical move. He's in charge of the. Hbo Streaming Service. He's in charge of CNN. He's in charge of the Warner Brothers Film and TV Studio Hbo. I mean this is quite an astonishing thing Hollywood is trying to figure out what to make of it. It's a bit of a controversial choice. Only because of his history Hulu now when he ran Hulu. It was the early days and it was owned by several different studios at once but he was known as kind of a gadfly and he published missives about the future of the business and he basically took down the linear streaming business in a memo that he famously wrote and predicted the future of on demand video which is largely. Come true but it was seen at the time as kind of an insubordinate thing to do and here he is now in charge of all of these media properties and reporting to John Stinky at. At and T. He was formerly Warner media. He's now been elevated to the president job at. At and T. and at and T. is not atypical. Hollywood companies so you could see both clashes developing upward at his company and downward with all these divisions at now. Report him yeah. There were clashes upward in the past. I mean he had owners like Fox and Disney which were separate companies. In the day you know this was early. Early Days Net flicks was establishing itself starting to and he would tell them. Basically your old school media my bosses and you don't know what you're doing and they ultimately did get rid of him but so he did look like he was right. In retrospect but when you look at a company like at and T. Up and down as you say I mean Bob Greene Blat is is supposed to be in charge of content for. Hbo Max and Hbo and all of that. You gotta wonder what he thinks of helping this guy. Suddenly being his boss and one of my sources said something in an admittedly. This is a one of their competitors. So you know. Take that into account but he said like why are they have to do this right now? Like this guy is supposed to start at the beginning of May. He can't even meet face to face with the people that he is the boss of and getting to know because he not a familiar guy to people in the old school. You know the Toby Emirates Runs Warner Film Studio. He's not a guy who has necessarily known in that kind of circle and he has. This person pointed out not only hasn't done anything this big but can't actually meet with his own people kind of striking. Yeah but I think that's kind of the point. They wanted someone who is GonNa come in here and have that streaming background because everything that. At and T. has done with the Warner Properties since they purchase them has been pointed towards the streaming future and HBO. Max is the biggest example of that. But they've also created a film studio at Warner Brothers specifically for streaming and they're looking at. How TAKE THOSE LINEAR? Tv brands like Turner TBS TNT and turn them into Digital Branson. I think that this is if you look at it closely. This is the perfect hire for that strategy because you have a digital streaming video pioneer. Who understands or at least has been familiar with the content business but is not of that business and I think that's the thinking. At and T. Yeah I mean it's an experiment and old school Hollywood which you can dismiss if you want to but has made content that people like to watch for a long time old school. Hollywood is like I'm not so sure and I say skeptical of everything that I am. I wonder what they saw that they were already quite top heavy and disorganized with management in terms of who is doing what at the streaming service and the film studio that set aside of service the streaming the whole thing just was kind of crazy confusing and you think you. I I kind of wonder well. What did you guys see? That made you feel like we have to do this. We have to do it right now. And time will tell. It is a kind of wild experiment. Thank you matt thank you. That's felony editorial director of the Hollywood reporter. He joins me this Monday at one. Thirty on the business. I'm Kim Masters and this is the Hollywood breakdown.
iHeartMedia and Warner sign co-pro deal for HBO Max
"The latest from news dot net with member full the easiest way to create a members only podcast feed. This is the united. States verses Dorey. See Andrew Gardner. Council, are you ready to proceed? A clip from search party new show on HBO Max. IHEARTMEDIA and Warner Media Entertainment have signed a deal co produce a slate of companion podcasts to promote a maximum upcoming catalog of original and legacy shows wandering has launched its own podcast APP now you can't be included in. It is just for best of bio s only for now android coming later. It's free quite pretty. The goal is to upsell to the. The plus subscription service of four nine, thousand nine a month, spotify stopped ingesting new podcast episodes for awhile yesterday, delays of over five hours were seen for some new episodes. spotify told us that everything is being addressed, and we expect everything back to normal shortly. The company is also releasing an exclusive show with Vice. News Painkiller America's Fenton Hill crisis next week. We also hear more exclusive announcements are on the way. Big numbers from chaser. They've just surpassed six million podcast credit swell. We hear that great British podcasts. The weekly podcast recommendations newsletter from the British podcast. Has just signed up its one hundred thousand subscriber. STITCHER has launched a new system to get your podcast featured by the platform. You can pay to do that. They're especially looking for podcasts about hobbies and podcasts to take to bed if you fit there. If you need an intro to your podcast, a company called build bubbles have produced a free podcast intro generator. They use speech to text and here's one that we Austin Paul. Your daily news briefing. This is hard news for. With James Cridland choice. And if you work in audio in the US enough of that, and if you work in audio in the UK the UK audio network is doing some work about audio pay transparency. There's a survey to fill in. You'll find it in our show. Notes and newsletter today to help them anonymously collect salary information about the UK audio sector. Cost News. Court TV has really since I realized. PODCAST series called murder and the Menendez Brothers Court TV mystery. SPCA in Australia's launch season. Two of their humane food podcast we want the public to be able to make more informed choices about what they consume. They say and also new today African folktales tells diverse traditional stories from Africa, a podcast black audiences with black voices. Someday from Paul News with help from member full, you cannot use men before to build sustainable recurring revenue by selling access to a members only podcast. Find out more at member full. Don't come, and that's the latest newsletter called news.
New publishers make it to Podtrac's top 20
"The latest from on useless at poured news dot net portray has published March Twenty. Twenty top podcast publishers. There are a number of new publishers. Participating in tracks. List Warner media is new at number ten Fox News. Radio and slate also joins the list. Sixteen of the talk twenty up all flat for March over February in regards to downloads says the release could mention. That March has seven percent more days in February so Dan Lewis should be up following our story on Friday. Spotify toll pod news. They're not automatically removing episodes just for mentioning the words Corona virus or Kobe nineteen some shows mainly with titles around prevention or treatment were manually removed following violations of spotify's terms of service spotify also has a corona virus section. By the way spotify owned podcast host anchor has quietly rolled out to more improvements to their service. Three a one redirect now available directly from your dashboard as well as a method of claiming your podcast stats from Apple. Podcasts connect to all be on is a new audio recording APP for android devices. It offers noise reduction compression limiting dynamic queue and other effects in early access on the platform. Tom Webster from Edison Research took US inside the infinite. Dial the company's media research a weapon are late last week. The recording is now available. And if your audio is only serve using. H. T. T. P. Perhaps you south host. It can no longer be played on. Https websites as of now if your listeners. Use Google chrome one example from IRA's notes and newsletter. Today the good news is our podcast page now. Catches the era and at least offers an alternative way to listen one way round. This of course is to use specifies embedded player in your own website and cost news podcast. Coaching with Christine has a special guest in her latest episode. It's me talking about how podcasting is being affected by the stupid virus and the trailer has been posted for Warner media's the plots thickens documentary pass from Turner Classic Movies. The first season is about Peter Bogdanovich. Young sinophile quickly rose to become one of Hollywood's top directors but soon found himself a victim of genesee hubris public scorn and a devastating crime and the spending more. No that ain't seen unused subscribe at Parties. Me and stuff.
Newest contenders in the streaming wars: Apple, Disney and more
"Talking tech is brought to you by wicks dot com. Create and publish a stunning website all from one powerful platform, go to wicks dot com to create your very own professional website today. That's w I x dot com in stay tuned after the show to hear you can take advantage of special offer for talking tech listeners all aboard away wrong podcast. This is the talking tech pod. Hi, I'm Brett Molina. Hi, I'm Kelly Lawler. We're ho co-hosts of the mothership podcast your favorite USA today network podcast about the culture, if you like technology that I'm guessing you probably have Star Wars in avengers. And all that fun stuff. That's all we talk about on this pod. So if you wanna listen in just find us on itunes or Stitcher or pretty much anywhere. You can find a podcast like this lovely one were hosting right now. Talking tech. We're filling in Frankel, Jeff. Yes. Hi, Jeff hope you're enjoying your time off. So. Yeah, right now, we're gonna talk about streaming services because we have another one on the list Disney. Plus, it is among eight thousand give or take a couple hundred streaming services that are out there. The big six. Or what we calling the ones that are either already available that are dominant and the three new ones that are due this year that we think will be dominant. So that's Netflix Amazon Hulu, apple plus Disney. Plus, and whatever Warner media calls it their service, which will have like, friends and some other stuff. I don't know they're weird. But it's the AT and T Time Warner merger streaming service. Let's feng. Let's just hope they don't use pause on the title. We'll see what God now, so Disney. Plus, they announced all the shows and movies and all the stuff they're going to have on there and the price. It's going to be I believe six ninety nine per month or roughly seventy dollars for the year. What's your take on Disney postal may take on Disney? Plus is that their way better at this than apple is? And that's probably because they've been in the entertainment industry for many decades and apple thinks that they can just reinvent the wheel with a black and white video of famous people talking about the importance of art. And not give out any details or show any clips and Disney knows that they need to wet fans. Appetites the price is insane. The price is going to be a big deal because I don't think apple can afford to make the price that low and Warner media certainly can't it's way lower than that flicks right now, they're most popular package is twelve ninety nine a month. And the family angle is not to be trifled with, you know, Disney's been family for many decades, and they've survived better that a lot of the Oji Hollywood studios. Well, I mean for Disney the big advantages, they own all the content, and you know, at least with Netflix, and Hulu what they've done is. They've gotten the rights to a lot of shows and movies, and then they've kind of backed in with their own original shows. Disney has a ton of stuff already. They have their own Disney properties. They have marvel they have Star Wars apples at a at a bit of a disadvantage because they have none of the properties right now. It's going to be all originals. It's going to be a lot of originals at once more originals than any other service has yet to debut with. So that's a new strategy. I don't think it will work as well. And I think Disney has low key been preparing for this for decades because they had that whole Disney volt thing which ends up being in their favor. Because like it's not like we own a lot of those things on DVD or we're used to seeing them a lot earlier. So the idea that like I watch Bambi whatever I want now is very appealing because I couldn't when I was a kid, and they're going to have a lot of the marvel movies out first and foremost on their service same Star Wars. So there's a lot of incentive to get involved between this and the price. I think that I mean, I think it's going to be very competitive. And I think you're gonna see a lot of people jump on it early on. And. Yeah, family friendly. I don't think they're any kind of adult are level type movies TV shows or anything it's mostly very much. Surrounding kids and family stuff. So it's going to be a very interesting niche. The streaming wars have begun that Tatan Bumba Obam that'll do it for talking tech today. Thanks so much for listening. Don't forget we are co-host of the mothership podcast, and you can find us on itunes, or Stitcher or soundcloud or any app has podcast were therefore, you're sometimes having a great idea is the easy part getting people to hear about your idea. Not always so simple. But now there's wicks at wicks dot com. You can start and publish your website for free wicks as artifice design intelligence. Creates a stunning website for you in just a few minutes. 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John Stankeys plan for HBO, HBO Max and WarnerMedia
"This episode is brought to you by Dell X. P. S. thirteen two and one laptop. This is the laptop for all your streaming binging holiday movie watching. It needs the four K.. Plus infinity edge display. Del Cinema. Color provides crisp vivid visuals from the deepest blacks to the most dazzling brights and the DEL cinema. Sound he sickly. It'll knock your socks off the newly remastered X. P. S. thirteen to one from Dell With del cinema color sound the end stream powered by ten John Intel core processors. It offers unparalleled performance. Find out more at eight hundred. Buy Dell this. PODCAST is supported. Boarded by S-O-F-I. You know you should be investing but are you so find best makes it easy to start. Is the first platform to offer stocks. Automated investing in Crypto. Tayo all in one and with Sophie Stock Bits you can buy a piece of your favorite brands stocked with his little as a dollar. See how easy it is at S-O-F-I DOT com slash box and listeners. Who Fund their account with Promo Lincoln Vio X. will receive a twenty five dollars in mystery stock Yup free stock just for signing up that's SOS dot com slash box so fight lending corp CFL number six zero five four six one two? This is recode media with me. Peter Kafka OFFC. This is a special bonus. Episode of recode media comes to you from our code media conference. This is a conversation I had with John. Stanky he's the COO of at not in the CEO of Warner media who focused mostly on the Warner media part Obviously as you know were media's launching. Hbo Max as Entry Into Streaming wars next spring we talked about the strategy for that launch strategy for Warner media general criticism. At and T.. Has Gotten about its media business It's it's a pretty wide ranging conversation. I think you will enjoy it. You want to put on a conference that people want to attend. You have me come up. I that seems like a mistake. I think it's GonNa work out fine little. It's good I want. We're GONNA spend a lot of time talking about your company but I wanna talk about someone who's not your company. Disney launched last last week. Disney plus ten million sign up. Subscribers are not quite sure what the right metric is as someone who is launching your own streaming service next spring what that ten million number mean to you. They did a good job. Good for them. A good start Obviously we started starting a little different position with a little different product and our our point of view would be. We'd like very much to see as many of our HBO subscribers migrated into the new products as possible. That gives us a nice base to work from. I think the bigger trick here in most of these streaming services how many the ten million are still there six months from now right. It's it's managing churn and the the life cycle that customer. That's one of the big challenges. A lot of these streaming services are giving away for free or discounted got Disney plus for free. Because I'm a verizon customer for a year her at what point do you think you'll be able to sure I'm going to end up paying At what point do you think you can really assess the health of all the services that are launching this chair next year. How long before we sort of see? WHO's actually winning? Look I think my point of view in the next two to three years this is a race to get scale on platforms. And so obviously you don't WanNa do anything. It's reckless economically. But let's be cognizant of the fact fact. The goal here is to build a platform that has a scaled customer base on it and in my case I view that as you know you'd like entree to two thirds of the US households and then behind the borders of the US. So we think three years out is a good time to go all right. We'll see how this shaking out Su Su who's in the foot races kind of build on that scale so so let's talk about your strategy. I I went to your investor presentation. I think I understand it. I think some people might be confused about it. That's I think a lot of comments about how clear it up row expensive. HBO Now HBO. Max's fifteen dollars. But you said you want to migrate the existing. HBO SUBS TO HBO Max. That's step one very much. Would I'd like to I think as I said I think used the term investor conference. It's a bit of an IQ tests to get twice as much content for the same price. Why wouldn't you WANNA do it? See this is why I like having you on stage it's Q.. Test which you can flip that around go anyone who doesn't get. Hbo Max's Stupid Right. No not at all okay. But so the ideas you've got the existing. Hbo Product that remains the same. Please renew watchmen. It's amazing and then you're going to have. Hbo Max which is HBO. Plus plus other stuff. It's correct and the ideas. You're GonNa take everyone who's got. Hbo In theory and Make Them Hbo Mac subscribers for the same price. We're not gonNA make him do anything the hopefully by choice. They're going to look at and say it's a great product and then something that they want to do and they choose to opt in and take advantage of that and we as we talked about the the investor day some of those customers are customers of other distributors distributor ultimately will have to agree to sign into some kind of a distribution agreement with HBO. Max which robbed a mystic that'll occur. What's your pitch to comcast or an apple for that matter who signed up an HBO subscriber and say Look? We want you to move moved into this new thing. It's not a lot different than choosing a distributor. Hbo One you get to participate in the economics every month associated with that customer former. That's probably better than what happens. When you choose to put a icon on your set top box to steer somebody over to net flix because you know get that monthly awfully residual to all that data that's generated gets put over into our databanks within ZANDER? Then gets not an as an aggregated you can look at nationwide basis of customer information that helps you and as we move down the path to the side of things to monetize sizes and Tori in that fashion. That's very attractive and three look. This is a product that is of the genre of what we've done traditionally adding on the pay TV and we understand how to sport that ecosystem. Hbo An earlier incarnation on Time Warner washed. HP are now expected had to get comcast and the other distributors to get behind it. And they didn't what makes you think it'll be different this time around. In what regard do you think they didn't get behind it. They weren't happy about about it. They were they weren't going out of the way to market it. A lot of pushback still have you know. HBO Subscribers out there. And I don't drink selling standalone now isn't how I would necessarily mark their commitment to the product it's selling HBO. That's their commitment to the product. It's the same product the HBO go allows the same feature functionality distributor that HBO now does so. I think they've been supportive of it if the economics are right they'll do that going forward so I am an HBO subscriber now there's an Iq test. I'm going to pass it I'm going to get HBO mask. Because there's other stuff even if I don't WanNA watch it. It will cost the same amount of money if you haven't been subscribing to. Hbo What is the proposition. That's GonNa make you an HBO Max Subscriber so generally speaking if you haven't been subscribing to HBO. You know it's possible we haven't done a good enough job putting the product out in front of you more than likely it's because the content and how it's engineer doesn't hit your particular demo and it isn't relevant to you and I mean there's a lot out of data and information that we have that suggest we do a pretty good job of penetrating the demos which we create the content for Max opens the aperture that a demo. It's intended to get to customers that look at HBO and say well. I really just don't see enough there that resonates with me each feels great content. Great brands done a remarkable markle job. Not suggest any way shape or form. We want to change that value proposition or that brand but it does have a specific demo at attracts Max allows us to start opening that aperture so somebody looks at and says yeah there were couple of HBO shows. I was interested in. But now there's four or five new ones ones that I'm really interested in that gets me over the Hump to movement. I think I understand what Netflix has pitches. We have a ton of stuff that Disney plus plus pitches pretty straightforward. We have Disney Marvel Lucasfilm if I'm trying to convince someone who hasn't paid fifteen bucks for. Hbo To Fifteen Bucks for HBO. Max What is the thing. It's going to bring them over. What is the show? What is the brand? What is the idea as we said it's quality of the curation and that we think we talked a lot about this at the investor? Day The paradox of choice is actually driving a lot of frustration in the customer experience. We think we've done a nice job. HBO where a person WHO's attached to that brand knows they can go find content. That's going to resonate with them. That they like our job is to do the same thing with Max which is for that demo that moves beyond the traditional. Hbo Demo We know we can go to HBO. Max and find something that's going to be at the quality and caliber that will relate to and we like we can get there and find it quickly and have a great experience around it. So it's a combination of enough depth that we get engaged on a daily basis from a household but at the same time time we keep the quality factor up. And you're able to convince the folks who work at. HBO Now and customers of HBO out here. That the stuff that I've been used to seeing. Hbo Isn't going to change in a significant way. If I if I have an understanding what. HBO Programming Is. That's not going to change. I think it's important understand. Just how we're approaching this are. Hbo Programming Team is still the HBO programming team. It's very same group of people that were here the day we we closed a transaction they continue to be funded budgeted and supported in a standalone fashion. They continue to see the funnel of opportunities and projects. The same way they do today today about all this changes a little more collaboration that occurs with that team and another group of individuals that are working on expanding that aperture sometimes one and team will hear a pitch. They'll say you know this isn't really quite right on brand for us but maybe it works over here. Let me channel you down the hall over to this group over here to take a look. That's not an. HBO show that's an HBO match. Maybe a better match show. It may hit a particular demo that we're trying to work there or have the right tone and tenor but nothing has changed in terms of what we WANNA GONNA do to curate. Hbo In terms of the number of hours were investing in continue to ramp up and stay at that increased level that we initiated in charter. The time we closed a transaction you made a reference to the folks at. Hbo Is Still Being there. You brought that up at the investor relations as well. Richard Poplar obviously has gone and a lot of other folks have left. Hbo Your contending that the people who do the programing part of it are there for the most part Casey boys and his team have done remarkable job running the program and invest in picking the right shows for an extended period time role. Still there so I think last March ended up writing a headline that said all the people who used to run time. Time Warner have now left this Jeff Beauprez pleasure David Levy Kevin Sahara left for different reasons. When you guys bought the company did you expect you? We did see that brain drain that quickly. I wouldn't characterize it that there's been a brain drain first of all a lot of very capable leaders. We had as I've said publicly many times terms. This was not one company. It was a collection of literally four companies. If you think about it in each of those four companies had its own leadership and its own overhead for payroll systems for different holidays that each of the organizations take believe it or not and so part of what this was is about ensuring that when we put things together we can take the best of everything and get ourselves down to a scaled media company instead of three or four subscale media companies. We started that process so in that process of moving from three to one yes there are some individuals as we started reengineer jobs and change. How things get done that look at it and say Gosh? That's not the job I was hired into. I wanted to be the CEO of this sandbox. This is doing these things and now now you're asking me to maybe do a different job and somebody says that's not my Gig. It's not where I am in my career right now. That's your play. No I'm just talking in general and somebody steps away from it we've had others folks like Gerhard Zeiler and Sucker That have said you know. I like this this new construct and I'm committed to where it's going and they stay with it You Know Kevin unfortunately had a little bit of mishap and stepped away but You Know Kevin was somebody was going to carry forward when life gives you. I'm an make lemonade. We got a great individual and Sarnoff. Who came in behind Kevin? WHO's off to to a fabulous start very capable and professional individual? We hire Bob Greene Bladder. and Bob is a great individual working in the creative side of things. This added a tremendous amount of value. And our business and broaden the aperture on the kind of content that we can build so I don't feel like there's any brain drain whatsoever. I think we're in great shape. Your longtime eighteen t guy. This is a new world for you. Relatively Obviously had some idea what you're getting into. What has surprised you about running this company and media business in general and I think I had an idea what I was getting into? I think maybe I shared this with you. I think one time when you and I spoke. Maybe the one thing that I didn't fully holy process which is a bit ironic. Given that I I'm byproduct of Eight. Major emanate transactions in my career. This wasn't one emanate transaction. It was three because it was three very distinct businesses while I knew that and I knew that they ran very autonomously in independently fully function. That said that you know all those decisions you make. After an emanate transaction. You're going to have to make them three times that particular piece probably put a few more cycles in than I would have expected and made things a little bit choppier than I would have liked but other than that I expected it was going to be a challenge. I expected it was going to be different and it hasn't disappointed in that regard. We were talking backstage. I was looking at the comments. You made summer of two thousand eighteen eighteen plus player in big internal audience. And you said a lot of what you said is what you have done right. You've you've strategy laid out for. Hbo Is Widening the aperture. I think he used that exact phrase. I think he probably expected more or less folks to say like you said there was an activist shareholder signed came in a few months ago. A whole series of complaints about the way. At and T.. Was Run and one of them was said. You should not be running warner media. What's that like when someone buys three billion dollars stock and says we've like this guy to have that job or it's not something you aspire to when you wake up in the morning yes did you? And I'm presumably. I'm assuming you are end up talking to the folks at Elliot about that critique. Do you have to explain to them why you are good at this job while you should have this job I have now met the folks said Elliott. Since they made those comments. I had not met them before. Apparently they had an opinion they had formed prior to meeting me. I sense that maybe as some of the narrative I don't know if it was on the media or what they were characterizing as the for some reason I'm trying to hang onto this job irresponsibly because I like doing the things that come with it. I will tell you y very much like what I do the reason that I'm continuing to have a role we'll at warner media. In addition my other responsibilities is I would I would consider to be intelligent management decisions around as you bring people in have new leaders come in and settle them into jobs. Is You restructure and organization pivot that organization do a new product launch a new position. There's a right time in a wrong time to transition leadership and I think we're trying to be very deliberate around when that right time is I've said publicly. I don't expect that I will function in the head of warm media in forever that there will be a change. It will come. mm-hmm we narrow that timeframe from forever to something closer sure sometime between now and less than forever and frankly you guys looking for a replacement placement for you. I started looking for talent the day I showed up in the job. And so you know. I think that's one reason why we are in a position to do. Some things like at Bob come in and Always looking for good town and always looking for an opportunity to ensure that the teams a better and stronger team But there's clearly a desire on our part worked to ensure that we have a leader there over the long haul when the time is right. Hey this is Peter. I'm going to pause this conversation so we can hear from sponsor. We'll be right back this. This is paid content for our sponsor over there Meghan. Hey I'm Megan sweatpants Angelique Rochet and this is streaming history. Strong straight talk brought brought to you by the Del X. P. S. thirteen to one laptop the laptop that's tailor made for the binge watcher in all of us. That was amazing every year. The holidays as you know my number one tradition is just going back home and watch my grandparents watch television. What's your like holiday time tradition? Watch wise yeah. Well I really do love subversive movies like die hard gremlins to like the non. Traditional movies are my tradition. But if we want talk about tradition like every single year I watched a doctor who holiday special. Yeah I have a little bit of tradition myself that I just got into the past few years. It's you do like a you. Watch a bad Santa and then it's a wonderful life. It's like a salty sweet combination. I can just go into grandma's sewing room. You know. Lay down on that leaking air mattress with my laptop. It's pretty much like watching television. But not surrounded by your young cousin farting on demand or whatever. No one's asking me what I'm going to get married real talk man that cut to the bone escape into your favorite Robert Holiday movie with Dell's newly remastered. XPS Thirteen to in one with tension Intel core processors with incredibly smooth streaming. Your holiday lettie movie moments will be truly magical find out more at eight hundred. Buy Dell this podcast broadcasting supported by S-o-f-i if you're like most millennials you know you should be investing but you're not sure where to start getting your money right doesn't have to be hard so find best makes it easy. It's the first investing platform to offer stocks. Automated investing in Crypto. All in one can't with suffice. Stock bit you could buy a piece of your favorite brands Dr. After this little as a dollar see how easy it is at S-o-f-i dot com slash box listeners. Who Fund their account with Malinche box will receive twenty five dollars a mystery stock doc yup restock vesper citing. Here's how it works. I go to s-o-f-i dot com slash box and creedon account. Then choose to either do it yourself. Or let's so Bai's automated investing build your portfolio. You stock bits two. By fractional shares of your favorite stocks get started with US little as one dollar again listeners. Who on their account with Promo Lincoln? B O x will receive twenty five dollars a mystery stock just for signing up that's so affi- dot Com Slash Fox so finding CORP CFL on number six zero five four six one now back to a conversation from Code Media Jeff Mucus who had effectively your job prior to leaving Famously said synergies bullshit the idea of getting warner brothers to work with. HBO and work with Turner doesn't make any sense. These things should be run as silent Operations have now that you've been in this job for a while. Do you have a better idea of what he was getting at. So I think I have a good sense of where Jeff was and I don't WanNA speak on his behalf but it's not like I haven't had conversations about the business in his point of view and digest credit. He'd had a remarkable run at Time Warner when you look at what he did for return to shareholders what he inherited how prune the portfolio made decisions. Did really really good job to his credit. What he had at the end was a collection of assets and Jeff? I think pretty early in his tenure nuit his endgame was and I think you rightfully saw that media was going to consolidate. I think you rightfully saw that. It was going to be a scaled business. I think you rightfully saw that. At some point in time a media company was also going to have to have distribution and that that was going to take some scale to get there just strategy in my view and I believe informed by conversations with them keeping those assets. Independent gave him. I'm the absolute most flexibility optionality. In getting through that end game I don't think he knew exactly how it was going to end or who might be there for a particular asset keeping them separate having their own payroll systems and their own accounting practices. Gave you optionality optionality around what to do with those assets in the event you couldn't sell them as a whole I think Jeffrey's selloff music you sell off. AOL Etcetera as you. And if you get down to the end game the networks have to be maybe different from the studio and not knowing how that was going to end. He gave himself choice and flexibility. I think jeff the fact that he sold is an acknowledgement at that time that he believed the business was at a crossroads or something else needed to be done. The models needed to change scale was important data distribution were important in lo and behold we show up why does media and distribution have to be tethered together. We've gone back and forth. What model works Time Warner used to Time Warner Cable Net flicks the company that you and Disney and everyone else who chasing has no distribution? They're an APP. They've got one hundred sixty million users answers. Why why does a Telco need to have meteorite is a media need to have a telco company? Well I think first before we talk about physical distribution versus Vertical Integration Asian. The question is does. The Media Company needs to be vertically integrated. Let's use your example that flexes vertically integrated why because it adds adds a bit better product at the end user customer because the margin buying their own shows making their own shows and then they have control the product and the delivery of the user interface. Jason the experience of the customer has and because they collapsed parts of the value chain. The customer gets a better cost value proposition than what they yeah. Yeah I think that's an important thing. That's what's changing the face of media. Now what does a media company needs to get to scale for vertical integration. It needs data and it needs distribution cloud to be able to get a bunch of customers at the end to pay for all that content that has to be vertically integrated. I wouldn't confused. News distribution per se with physical infrastructure. Although there's a benefit to it but having real customers that buy things and pay subscriptions every month that you talk to every month certainly can help you get penetration in a game. That's going to be a scaled game overtime. Couldn't you just say look time-warner whatever we're going to call the media has lots of great assets. They could take on Netflix by themselves. They don't need to be owned by Telco. What does the Telco combining with the media companies do for them? They couldn't do on their game. I don't WANNA put words into Jeff's mouth adding just decision was he didn't feel. He had the flexibility to to do that. In fact let's go look at the reality of history. If you recall. There was an activist that came into Time Warner at one point we also had a a somewhat unwelcome takeover. The came in during that period of time Jeff didn't think that was the right place for the business to be in. The Management Team did some very overt things to try to fend off. Unwelcome Entree and to also keep the activists obey so I would say that. He felt like like he didn't have the flexibility in the latitude to be able to do that here. We are fast forward today. I think we're trying to take the long haul. And the view value creation him for our shareholders and one could suggest that right now a little bit of the activity. That's been going on in our stock that there may be some folks that are testing that supposition supposition. As to whether that's the right thing to do and we're having to make that case we do have a lot of folks that have come kind of distribution physical weatherwise getting into media net neutrality. Could who'd welby on its way out. It's going to be tested in the courts if we ended up really removing the net neutrality. Rules that we've had in place for a few years. You are a smaller player. Should I be worried about the prospect of an. At and T.. which has physical pipes actual wires and distribution having so much content and then an apple an Amazon and really these sort of a handful of very big companies controlling distribution and content boy? You know you'd be hard pressed wrest point to an instance of anybody's behavior. That would suggest that there is any kind of discrimination favouritism ism or anything else going on and how people get the content on the Internet over a broadband connection. It's a problem that's nonexistent absolutely absolutely nothing. That's occurring in practice. I be far more concerned over the spending against the logic far more concerned over the scale of what's occurring in terms terms of distribution platforms on mobile os in terms and conditions associated with new product development on that what that does to squash innovation. Then anything to do with how traffic over the Internet is being treated today. So don't blame. The cable guys guys pointed Google nothing to blame. There's nothing going on right but there are rules that prevent venue from discriminating and at some point there may not be and before there were rules. It was wide-scale abuse occurring but this is the argument they bring up. It could happen before there were rules. There were wide so there was wide-scale sidescale abuse occurring now. That's a rhetorical question. There was nothing it's not happened. We all want a good broadband connection that people can use to get wherever they WANNA get At the AD business or got a couple of minutes left you guys are in the business. You're going to add a advertising supported version of Hbo Max at some point but if I look at Net flicks folks at Free Disney plus ad free which was ad for each the first version of. Hbo Max is Ad Free. Are we moving towards a world where lots of people are not going to be seeing ads by choice paying for and then what does that mean for the rest of the advertising business so this right or wrong. If you asked me to prognosticate kate out a couple of years. I'm I would make a call that says. Two sided monetization models will be necessary to satisfy customer demand. Dan Why do I believe that if you think about how much content is available to customers today especially that would just bring tonnage. Vast majority of it was developed developed on add supported models. It's just been re purposed for the second run into subscription. I think what we know about customers. is they like a broad selection election of content the broadest selection of content that will be available to the customers if both subscription and advertising support the development and investment in content Onta. WE'RE GONNA burn through that Library of ad-supported development that occurred over decades soon after people watch friends as for the nineteenth time. They'll eventually burn out on it and they're going to say well what's next and what's next is there aren't going to be a whole lot of shows that have three hundred episodes that have been created as we've kind of moved away from long running broadcast contracts for scripted TV. So Oh I do believe that. If a customer wants a broad selection at the most affordable price point and the most optionality that we're going to see both subscription and add supported models be other. That's my two cents so I'm going to choose to pay for. Hbo Pay for Netflix. Pay For Disney. And then I'll also watch stuff for free. They have some choice. If you WanNa go and see something else and you have some content that interests you that maybe outside of that particular eco-system and you want to pay per drink basis or you want something that looks like a lower entry price point. You don't WanNa quite shell out as much but still get some content. Yeah you may endure some advertising so you don't think we're looking at a generation a consumer is that has been trained not to have as well resisted at all times. We're looking at a generation of consumers would like everything for free. There's no question about that. But I think think that's more of an artifact of disposable income than the individual. I think our job is to create an opportunity for people to work BA- gainfully employed or living have disposable income and that's a broader societal. Issue that we kind of need to get through one last question. We'll open up to the audience. And there are microphones down here and up there. So you guys you can move to the now if you want sports. We've got a lot of folks coming on stage today and tomorrow that are in the sports business you guys are through Turner Sunday ticket on DIRECTTV. We keep hearing this sports rights have to stop going up the keep going up at what point does. At and T.. We don't WanNa continue to escalate escalate sports rights. We're going to step out of this border. That's why he's the case by case basis. I mean I. I honestly don't think that we are going to see a slowing of the escalation in sports costs in the near term for what I would consider to be more mark here premium leagues. I think they're valuable. They're valuable in in terms of maintaining the part of the network business. That is out there. And as a result of that that scarce real estate is going to continue to accrue value in terms of when you say enough is enough I you know I think it depends on each particular transaction. You're involved in you look at what you're bidding and you ask what the size of the audiences and what the combination of advertising and subscription supported. Here's dual sided models pay for very expensive content both subscription and advertising supporting sports. You'll make that decision on a case by case basis. You Got Sunday ticket DIRECTTV. You're going to keep keep it their direct. TV is shrinking. The Sunday ticket presumably will get more expensive. Is that a question. That is a question. Yeah you're GONNA keep it. TV Right now. The product is licensed is to be sold on a satellite service. And there's other things we'd like to do with it but it's a two party transaction and the NFL every year evaluates what they WanNa do with their licensing listen rights and you'd like to be able to bundle in the digital rights and other rights to that satellite rights as well. I think just generally speaking if we were doing what we wanted to do to meet customers where they'd like to be we. He likes and flexibility. To move you on satellite to distribute it so if anyone here knows anywhere at the NFL you can pass that message along. We have questions for John the NFL probably heard that I think they probably have as well on the HBO. Max said things you mentioned in working with the comcast charter is one of the values to them would be able to monetize the inventory. Does that mean comcast would be able to sell inventory within the Atrium X.. ad-supported here and if so what would the relationship unshipped guardrails be between comcast and ZANDER. Because I imagine they would have competitive concerns sure. This is a good question so yes we fully expect back once the Aviad environment goes up that it's not just going to be our content an RV sales and inventory. That's in that environment. So we very much would love this platform form over time to receive content from others as well as inventory from others to go with that content. That's where that value proposition comes. Back through ZANDER. SANDR- with Sandra operates today continues to have firewalls sitter setup internally just like any other wholesale business would have to ensure that it's it's done on a level playing field Whether I don't want to prognosticate on behalf comcast is whether or not they'll be comfortable with that but there certainly are others out there beyond on comcast who can bring inventory in content in May find it to be an acceptable arrangement. Clearly comcast has been invested in the Ad Tech Stack of their own Expect they're going to continue to try to push that business forward and that's why when we started and we talked about this being a foot race over the next couple years to gain scale on a platform. It's one example apple of why I think it's so important. So non wonder media media companies would be able to have their content their shows or movies distributed within and with all the expect that the platform at some point in time is a platform that we allow others to bring content into. I don't think from my point of view. We're ever going to have a walk or a monopoly on creativity. And I think there's been a number of articles actually written the last couple of weeks about the frustration. The fragmentation of the bundle of what's going to happen we're basically unbundle into rebuttal. At some point there will be platforms at re aggregate and re Bundle and we'd liked platform ultimately to be a place where we aggregation occurs. And that doesn't just in our content question. I'm here so I hear a lot from the media. Companies about originals regionals creatives. There's a war coming you're entering the streaming war with a major player. I'd like you to talk about how your technically preparing for modern warfare at a streaming battle title where tech and data are clearly game changers for the counterpart down the street from me with net flicks. I'd love to hear how you're preparing your company for Tech Battle Streaming Horse. Yeah so I think everybody starts this race with a you know. There's the simplest form there's three things you need. You need. Great content need a great tech platform. And you need to have have exceptional distribution and ability to run like customer life cycle. You have all three of those things and you can be in the business. Thank everybody starts this race on those three dynamics dynamex in a different place. I don't lose any sleep whatsoever about our ability to build content at scale where world class in that regard in terms of the number of hours we turn turn out. I'm confident we'll continue to do that through a combination of Warner Media and at and T.. I think we're in decent shape on the tech side but look look we've got some muscles to build their we're going to. We're going to ramp probably a little bit slower there than we do on the content side and we've gone through growing pains already just in last year. What happened at Disney last week where they stumbled on the first day? Did that give you pause or that make you go. Let's make sure we're ready for this. No it doesn't give me pause because we we do enough scale distribution of content. Today we have enough products out there that we've had our own moments like that. We've we've run. Game of thrones on Sunday with four million simultaneous streams. And know what it's like when everybody hits it at eight. PM Those kinds of things happen in this space. And I'm not going to suggest were immune to it but we know that those moments occur Do I think we're world-class unpack yet. No Do I think we have the right to get there. If we continue to invest and we're persistent and that we can put a value proposition out in front of the technical committee community. That people say that's a project I want to work on. That's something I'm passionate for. Yes I think we can be competitive in that regard two quick questions one from rich. You've talked a lot about scale and the importance scale and you've talked about net net flicks and talked about Disney plus and all these guys. But how much do you think about Google and facebook ultimately. It's about consumers attention and time right and then when you're strategically looking at what you're trying to build an accomplish. How much does that way? Those two companies that have been incredibly aggressive and every every time something new POPs up on the horizon people spend a bunch of time on they acquire it. How much does that weigh into high? You think about the future ways incredibly heavily on every single day in every single decision. And it's not you've missed Amazon in your calculus and not only ways in terms of of competing for attention engagement but it's also the dynamic of Howe's monetization ways anybody ever going to pay for a piece of content again again in its own right or we'll all be subsidized by some other transaction hardware transaction a marketplace transaction. Something right. Those things are really important issues right now and so you know look in this grand scheme of everything that's going on. We're just a little company trying to eke out an hour of customer Diamond Day and we're up against truth relative you look at the numbers and it's exactly the truth and in that context. It's not easy work right but it is the work for survival. It's what we need to accomplish. Donna get the last question for John. Sankey the underdog. Hey John so win. The media tend to focus a lot on Netflix debt. Load as it tries to expand continues to take on debt. At and T.. Is Sort of the king of media at this moment. You've got around a hundred and fifty billion dollars in debt on the books. How do you embark on this costly content war war at the same time as you're building out a five G. Network which is also estimated? What one hundred billion dollars infrastructure costs over time? How can you balance? Those things can really afford to do this. It's Kim Yeah. We can't first of all we generate a lot of cash right. This is yes. We have a lot of debt. We're a big business that generates a lot of cast and has very profitable and and an fantastic franchises that we can continue to manage and I would also tell you you if you think back about when those investments have been made some of that debt and what we've done is to invest in the spectrum of the last decade that dad is what enables that move into five G. to have that transition and the best way to get into that business is to already have an advantage and attractive spectrum position so so we gave some pretty detailed guidance earlier this month Thir- late last month. I guess it was now and walk through how we're going to allocate allocate that capital over the next three years what portion of. It's going to pay down debt what we're using for a share buyback and what we're investing back at our business instill investing over for twenty billion dollars a year and the infrastructure. That's necessary we think we've got the right equation the right balancing equation and I think to the extent that were successful in the market will do just funny John. Thank you for your time. Thank you sir. Hey everyone this is Shaun. Rama's firm on the host of Fox's Daily News podcast day explained on Wednesday night. The Democrats had their fifth debate. And if you're watching carefully you might have noticed that mayor. Buddha judge no longer seemed to be on the offensive. He wasn't attacking taking Senator Elizabeth Warren. He was on the defensive people were attacking him and he was defending his position. Sort of an interesting shift for Mayor Peach each and we explore it in greater detail on our latest episode. We spent the first half recapping the debate and the bigger moments. There wasn't a lot of robust conversation on policy but the world a lot of moments where we learned more about these candidates from more superficial conversations on policy and the second half of the show. I talked to Matthew Yglesias. The host of the weeds podcast from vox. It's all about the rise of mayor. Pete whether means anything is just a bump. Will we forget about it next week. Listen to the show to find out today. Explain the episode. What is that now? It's called the DEM's went down to Georgia thank you.
"KCRW sponsors include net flicks from kademi award nominated filmmaker tamra Jenkins private life is the funny yet moving story of a couple trying to maintain their marriage while dealing with infertility private life streaming. Now, only on Netflix, I'm Kim masters and this is the Hollywood breakdown joining me Matt Bellamy of the Hollywood reporter and Matt. The new head of what is called now Warner media which used to be Time Warner, which includes HBO and Turner, which is like TNT and TBS and other properties Warner Brothers. For example, the movie studio and TV studio. The new head of that is John stinky in the post AT and t. acquisition world. And he has now announced that they will start their own streaming service. This will be a fourth quarter, two thousand nineteen launch. This comes obviously as Disney is swallowing FOX, and we're finding out how that's going to be played out in terms of who's in charge of what. And we're just basically now looking at streaming wars. Yeah, and it's about to get. Really, really active. And the question is, how much will the public absorb of these streaming services? Because a lot of people pay for Netflix, they may pay for Hulu. They get Amazon prime video with their subscription Amazon, and there's going to be by the end of twenty nineteen to additional major streaming services from dizzying. Now from Warners that is going to have a lot of compelling content on it. And as we shift from a cable Centric world to a digital Centric world, the consumers are going to be forced to sensually to subscribe to these services if they want to get the premium content. Yes. So this is, you know, I think it's going to be a tough problem for net Netflix in that Warner. For example, a lot of kids think that friends is a Netflix show because it was licensed to net flicks by word is none like show it was produced by Warner Brothers and aired on NBC and you know, they're going to take programming like that and put it on their own streaming service and Disney will do. Do the same. So a lot of content that drives Netflix subscribers. You know, a lot of that old licensed programming that stuff will now be going back to the homes from whence they came. I'm told that the, despite all the headlines about all the Netflix original series and the coverage they get for that, the vast majority of viewership on Netflix is licensed content. And that means movie libraries and shows like friends and shows like west wing and madman in these things that younger viewers associated with Netflix, but actually aired on traditional linear channels bag back win ten years ago. So this is going to be a problem for Netflix, and that's why they are spending what they're spending to create their original content. Because in two, three years, the offering on Netflix is going to get slimmer and slimmer from these traditional studios because they're all are going to have their own thing. I think Netflix a bunch of smart people and they probably saw this day coming. And so of course they're ramping up the originals, but it feel like the spend is so str-. Liking eight billion dollars that year. Right? This point that you say, can they get there before the the famine of other studios materials arrives? And I don't know. I mean, I'm addicted to Netflix original, so I would stay with Netflix. I would have to choose several of these and try to figure out how to make it not cost me too much money. And you will when you mentioned the other companies Disney and, and so on. You didn't mention that apple and Amazon which has been in the space is really going to ramp up. So the competition is just going to get to be very intense. And at some point, this all may end up in a different bundle Alah cable? Yes. Once again, we'll be paying more than we want, but at least I won't have to have ESPN. Thank you, Matt. That's Matt Bellamy, editorial director of the Hollywood reporter. He joins me this Monday at two o'clock on the business. I'm Kim masters and this is the Hollywood breakdown.
Disney+, X-Men, The Mandalorian, JJ Abrams, Jurassic World, Dark Army & More
"Hello everyone and welcome slash on daily for Thursday September twelfth. Two Thousand Nineteen on today's episode weren't talking about the latest film TV news. This is slash forum editor in chief. Peter Surata joining me anticipate Kansas Slash home weekend editor Brennaman. Hey let me in senior writer Ben Pearson. Hey what's going on out. There's a lot of news a lot of Disney plus news because at Disney owns everything so I guess let's let's dive into that. I Disney Plaza is available. If you're in a certain country fred out what have we learned for this I guess test released Beta release. Yeah so basically the Netherlands is being treated to a two month free trial soft pilots opening kind of thing for Disney plus I if you live in the Netherlands you can download the APP you can sign up for it and you can enjoy it on your TV apple TV ipad computer. What have you and get a taste for what the experience will be like. It doesn't have any of the original programming in place things like the man delorean or lady and the tramp ramp or the world according to the Jeff Goldblum or anything like that because those won't debut until service actually arrives on November twelfth and the United States and other replaces and then a week later and some other international territories but it does have the rest of Disney's library programming in place for people to try out. There's there's there's a lot of people at home listening to this being like what do I care. I don't live in the Netherlands. Brad told me something I care about like wh why should this matter to me well. This gives us a good idea of the kind of content that Disney is going to be putting within this streaming service so obviously we know a a lot of things that are already a big deal that are going to be in there are marvel movies and star wars and Pixar and that kind of thing but there's some other or lower key things that we didn't certainly specifically hear about are no coming. for Example Sends Disney now owns Twentieth Century Fox one of the cool editions in the library. is X. men in the animated series series from the nineties which is a favourite among comic fans kids who grew up in the ninety s and that's available at at least at least at launch with this version of the APP over in the Orlands and then along on the Disney side of things other things that are included include a series of classic Mickey Mouse Shorts. We're talking about old stuff from from decades ago that hasn't made easily available anywhere else on any other streaming services and also includes the pixar shorts which you could see the you know on individual home video releases. Pixar movies or in the collected shorts that come in their own packages but in here on Disney plus they're all listed individually so you can just go and watch them by themselves and not have to you know go through an entire volume or which one you WanNa Watch it while we also get a sense for the library of Four K. and hd our content. There's a whole section dedicated to what is available in that high definition format format you can't search for this content by typing like four K. or ultra. Hd into the search bar but it just has a specific section that lists all the titles that are available will in that high resolution format right now Y for the soft pilot launch anyway. They're seventeen titles in that section. Most of them are marvel and star wars movies which makes sense and keep in mind this high resolution stuff along with dolby. Atma sound is something that is being included with Disney plus without any extra up chart so if you're paying the standard monthly fee then you have access to whatever movies and TV shows they have in the library that are available in forecast for hd or HDR yet interestingly. You can't search for Four K. hd are but you can search for character so you could like search like if I want scrooge mcduck and it would come up with every single single thing that scrooge mcduck has been in from ducktail so old cartoons to you know whatever yeah exactly and for me. I think I think really the most exciting thing here's here's the all the classic and sometimes I use the word classic loosely but old stuff that has kind of been forgotten or if some kind of home video format and a lot of that stuff is animated series from the ninety stuff like the mighty ducks animated series and the Little Mermaid animated animated series the original dark wing duck and chip and Dale Rescue Rangers so I'll I'll. It's it's cool to see a lot of this stuff available in you know in a easy streaming service. It's interesting to the sections like there's like five or six. Different sections can be narrow down into smaller sections you there's like a section for the muppet so you get like all the muppet stuff that includes even the old TV show which has been hard to find. I think on digital so that's kind of exciting adding one thing I was interested like I was watching some people searching. We have a video like if you go to get in the show notes. There's a couple of videos of people like exploring worrying. The menus in you can kind of see what that experience is like I know someone on Reddit asked if dinosaurs told old Jim Henson TV show is on there is not but the but the animated movie dinosaurs on there so it's weird what is isn't on there. There isn't anything Fox Fox on there yet. Is that just because it's a Beta test. I I'm not sure if it's because it's a Beta test or if because there's probably deals at Fox had add with other streaming outlets and channels and things like that that are probably still in place that won't expire until a certain time because didn't he talked about you know oh their plans for franchise museum in home alone and so surely those movies will end up being on Disney plus at some point but very much likely we'll have wait until the deals for those movies end up wrapping up before they end up over there because they got the TV's too because like I said even though X. men is on there. It seems like that's the only Fox oriented show that is available underneath plus because on the simpsons isn't available on there yet and the entire series run of that is supposed to be available Disney plus at some point and so yeah Do you have any first impressions from all the video you watch. I think my only downside from from watching the video I I why did is that I thought you know Netflix has so much content like they're just like adding like five things a day to Netflix library and it's hard to find any of it and I was thinking. Disney's library is is going to be a little bit less like it's big stuff but it's not gonna be like you know. They're adding five things today so it'd be easier to find the stuff but I'm actually Kinda surprised at how many sub-minis you have to go down to get to some of these things like it's not you know it. Almost it seems like those five six sections is like almost two little I mean I don't know maybe it's but at the same time this is. I'm sure it's something that Oh probably evolve as time goes on because they don't have such a huge selection. Yeah I was at Disney has a big library but it's not netflix sized yet and so it's I think it's something that will will become better as time goes on. I mean even when Netflix started their instant stuff. It wasn't nearly sophisticated as it is now so I think we just gotTa give them. Some time signed to figure out how to present things yeah. I know X. Men and spider man the animated cartoons were kind of a big surprise for people. I was a big fan of the X. c'mon in the one thousand nine hundred bed. Brad did either of you watched the series. Oh yeah man I love to both of those and and yeah the Spiderman show from the mid nineties is on there as well while I'm really excited about that somebody on twitter sort of ran down some of the pre two thousand marvel shows that are on Disney plus in the Netherlands right now that includes Spiderwoman spider-man from nineteen eighty one spider man and his amazing friends at X. men iron man fantastic four incredible hulk silver surfer and Spiderman Spiderman unlimited but as Brad mentioned just this one X. Men Show is the only one available like x men evolution. Orem Wolverine and the X men are currently not available l. bear yet and as you mentioned too like you know we're not one hundred percent certain that these shows are going to be available in the United States when Disney plus launches here on November twelve because there could be international rights deals that mean that some of these shows are only available in certain countries but yeah somebody who grew up loving you know the the a big truck factor for me was excellent mandate series spider in an writing series and Batman the animated series and those three shows like I spent so much of my childhood absorbing all of that and it really like those shows helped shape my love of of those kinds of characters you know well before I I picked up a comic book So yeah they were. They were hugely usually influential for me. Personally I would actually say the X. Men Animated Series is better than the movies have been but maybe that's just my opinion I I I will l. mid something embarrassing here. when x fence started. I you know I I was there from the first episode watching it and I I was so invested vested in this character any more I think could morph into the different characters and I think by the second episode and I was like why isn't he in the opening like you know the opening innovated sequence but I think like the second episode he dies now. I cried. It was really sad man. I wrote in the a piece. I still remember wolverines like really pained reaction to losing more and that was like the two part pilot episode of Morph Dies in the second part of that that so yeah you you had a very small amount of time to get invested in theater but doesn't more come back at some point and he's a bad guy. I think he does yeah but I don't remember if there was like some sort of you know it was actually some other shape shifter character the whole time or something like that. I I don't recall exactly yeah. I remember I used to like back in the day I used to buy action figures and I would like I don't know what they call it. Brad and you might know the name of it where you'd actually take pieces from different action figures put them together and then like paint them like Frankenstein an action figure and I I actually built my own more action figure because they didn't have one at the time so so yeah. I don't even know what that that. Actually is sounds often though yeah. I know there's word for it anyways. These people are gonNA email us Let's talk about one other Disney plus. The mandatory in people are wondering what parts of legends are going to be is going to be in the series Brad we now we don't have any specifics on that yet but it is very enticing that Jon favreau did tease the idea that elements of the Star Wars legend stories could be incorporated into the man delorean for those that may not know Star Wars. Legends are any of the stories books comic books. What have you that originated in between the time that the original trilogy concluded and throughout the prequels and basically before Lucasfilm was bought by Disney and Lucasfilm was bought by Disney all those stories were thrust into the legends category because they didn't want those to be Canon anymore in order to make things less confusing for star wars fans for general audiences and they re situated it so that there was a whole Lucasfilm story group that approved anything that was written within the Star Wars Universe was considered Canon but since then there have been the way it was it was funny at the time a lot of star wars fans freaked out like they kind of like a lot of the stuff that they loved over the years had been discounted and they were kind of upset over it. Yeah and there were a lot of cool things that came out of you know those stories the the character of Mara Jade was something that a lot of people and Grand Admiral Thron but that ladder character is someone that has come into Star Wars Canon because the they've been pushed into stories from Star Wars rebels and now has their own book series in his popped up in comics so they're starting to use pieces of legends that fans really liked and just incorporating them into star wars canon in a new way and Fabra was asked about whether or not we might see someone like grand admiral thrown or Mar Jade appear in the mandatory at some point and this is what he said he's a quote. I don't WanNa talk about anything. That might be fun for people to discover we do you have conversations part of what's fun to see is if we could merge the world of the original trilogy the prequels sequels clone wars and what's been considered. Canon up to this point and what's been what's can spit out. What's been considered part of legends. I think this show offers an opportunity to bring all of those elements so no matter what what your flavor of Star Wars ice cream you like there will be something to enjoy but you're asking the right questions so the fact that he says that there at the end means that there's probably some stuff within the Mandalay Laurean that brings certain elements of Star Wars legends stories into Star Wars Canon what that might be. He's not willing to say which means it's probably something that has minta surprise fans immediately. What I'm thinking of is maybe something tied Boba Fett. We brought into this because even though Jon favreau has has already said Boba Fett will not appear here in this first season of the man delorean that doesn't preclude the possibility of there being teases or some kind of hint that Boba Fett is still alive which is something that was a big part of star wars legends the fact that he survived falling into the pit and went on to have his own adventures after return of the Jedi so there's I think there's a lot of possibilities. Ask bility's here so many stories from legends could be used for any of these star shows and I'm definitely excited to see what what they bring into the fray with the man delorean. Yes Ah let's move on from John. Ever who's directing a star wars live action TV series next season to the current director of the Star Wars skywalker Psagot got j.j Abrams who you know for a while there it's been all these studios have been coordinating according him because he's been a gonNa take bad robot which had been at paramount and find a new home for two and it looks like he has found the new. Home Ben who is yeah. It's Warner media so Disney apple and Warner media were reportedly the top contenders who were really vying to lockdown Abrahams on his bad robot productions but today we found out that the warner media deal with those entities has been signed. You know it's done and it's actually effective immediately. the financial details were not revealed specifically but the deal has been valued at. AROU- around five hundred million dollars and actually some people insiders told variety that it could be worth even more or if certain performance related targets are reached so this is a huge deal. It's supposed to last like I said it starts immediately and it will initially run through twenty twenty twenty four so it's a five year deal that could potentially be extended in the years to come if everybody is happy with the way that everything's going Abrams is going to you write produce and direct content for Warner media and that includes film stuff includes TV stuff that includes video game stuff bad robot has a TV or A. I'm sorry video game division. They launched last year called bad robot games. They're going to be made making indie games and like triple A. Like major titles for consoles and mobile. PC So yeah this is just like the peak TV sort of streaming boom that we're in right now has been a really the profitable era for a lot of huge a-list creators because you know these studios and streaming services in places like that are looking for name recognition and they are banking on these people to produce quality stuff. That's GONNA be like water cooler related discussions or that's going to generate those kinds of of of discussion so people like Shonda rhimes Greg Berlanti and Ryan Murphy and Jonathan Nolan at least a joy and the game of thrones creators. All of them have locked down. Huge huge deals over the past year or so and now Abrahams is the latest one to do the same thing and I think paramount was kind of upset that j.j Abrams. was you know had to deal with them but was is you know. His focus was elsewhere. You know he was being star. Wars movies you know he did make some TV shows but he wasn't like hands on in though so I it's I'm betting he's going to be way more hands on the stuff like you're saying he's going to direct some of it. I'm curious what's going to be. There's been already some rumors that he could get his hands in the in the DC universe because there's that superman script that he wrote you know longtime ago fly by that got a lot of buzz online so it's I'm interested to see what bad robot what kind of impact bad robot has it Warner media because I feel like if you look back like five ten years ago bad robot was like I felt like it was going to be such a huge force in aside from the star wars stuff has not really had that huge impact on Hollywood Do you agree or disagree. Yeah I think so. I think you know about ten years ago. One of brothers as a studio seemed very well positioned to be at the top of the the pile basically and they have sort of dropped off dramatically as Disney has scooped up. Everything and I feel like this is a good match because like he said there's just seems to be a lot of potential there for these two entities to team up and produce a Lotta stuff that we care about you know for places like HBO and Hbo Mac the upcoming Streaming Dreaming Service like Abrahams is launching a new show called Demi Monday which is the first thing that he's written since fringe and the first show that he's solely created since alias. Oh yes I think so yeah. It seems like he has all the creative juices flowing and now he has a home for all that stuff. I'm excited okay. Let's move from the current Director of Star Wars up to nine to the former director of starts tonight. Call Intra Varo who has a Jurassic world short film. What's going to be heading the television television this weekend Brad. What do we know yes before we even get a first look at whatever drastic world three will be. There's going to be a short film that debuts this weekend on. FX after showing of Jurassic World on that very channel. It's called battle at Big Rock. it was just announced out of nowhere this week and it's ours. Andre Holland of Selma Natalie Martinez from end of Watch and a couple of child actors named Melody Not Heard and Pearson Salvador and it takes place a year after the events fallen kingdom after dinosaurs were released into the wild and we'll follow this family as they haven't encounter with a couple of at least a couple of dinosaurs in the redwood forest of a national park in northern California. It's a short runs about eight minutes long. It'll be available online immediately after it debuts on FX but for people on the east coast it'll be a little bit late probably probably closer to midnight actually one. Am Eastern time twelve am central time because it will be available online around ten PM Pacific time after airs on FX on the West Coast there's a couple of I look photos none with dinosaurs for those who are interested in seeing them but we do know that there will be a couple of new dinosaurs that we haven't yet seen in the movie before there is a an a pseudo ceratops which travolta described as a beautiful herbivores that feels like Texas longhorn and we're going to see a GROWNUP allosaurus who we've seen species in the franchise before but only the baby and and now in by the time the short long it'll be full grown over call the the interesting thing here well first of all. There's a couple of interesting things because is I don't think there has ever been a movie franchise on the level of like Jurassic world that has had like a short film err on TV in between the the episodes. I mean I guess maybe Star Wars the holiday special which had that Boba Fett short film in it but it's you a have you have you thought of any. Is there any no no. I couldn't think of anything as far as like an actual short film like this I I guess you could technically quickly say the animatrix but that wasn't really exactly the same thing because I was like a whole collection of shorts so yeah I that's pretty much it as as far as I think the closest thing I could think of was like those shorts that they made for like Blade Runner Twenty Forty Nine and Alien Covenant that sort of some of those gaps but those those were just released online they weren't on TV so yeah. I think this is a this is new territory. Apparently that someone posts online that there were rumors of a drastic world short being being attached to Hobson Shaw but they got squashed pretty quickly by universal and so maybe this was intended to be like a special so you know in theaters thing but then they decided to push it back once word started to get out. I I don't know yeah the the the other interesting thing here I think is that we're seeing a one year time. Crime jump which I think is GonNa be indicative of Jurassic World. Three right like if we're jumping a year into the future then dress three is probably going to take place after that and we're we're. GonNa see you know I I. I guess this is a chance for the short film to explore what dinosaurs roaming free on our earth. I mean spoiler alert for World Falling Kingdom but I'm guessing that's the reason to have the short film. Yeah I mean if anything I think Ben. You're you're the one you mentioned this in slack th this probably means that they're not gonNa have much time in drastic world three to deal with the outside ramifications of what it's like to have dinosaurs sores in the wild and this'll be something that say sheets fans desire to see what that might be like because whatever the plot of three years it'll probably be primarily focused on whatever Chris Pratt and bryce Dallas Howard characters are doing with regards to dinosaurs so that it's not going to be all about Oh man dinosaurs unleashed and since is this does take place a year after fallen kingdom which did come out essentially a year ago. I wouldn't be surprised if by the time world three comes out they they probably have a real time passage of time within the the narrative structure of Jurassic World Good points okay let's move on from from a big franchise moved to Hollywood's return to the mid budget dramas. It seems like this new. There's a new financing deal for the Goldfinch. That could the template for that then what we know yeah so the Goldfinch is a new movie from John Crawley the director of Brooklyn. It's a forty million dollar adaptation of a really popular the novel the Film Stars Nicole Kidman and who's the lead in that movie. It's the name is escaping Ram Al Gore yes of course. How can I forget ansel. Yes thank you for the assist so yeah. That's that's the Goldfinch and this movie. There's an interesting story in vulture about about how this movie got made and I hadn't heard of anything like this happening before so basically what happened is Warner. Brothers has teamed up with Amazon to co-finance this movie and Warner Brothers. One other is going to be distributing the movie theatrically worldwide and then passing it off to Amazon studios who has the video on demand man's streaming rights for it for the Amazon prime video platform so normally when a movie like this made these studios own their their own streaming services or their own outlets to continue the the downstream pushing this product and potentially make more money for themselves themselves in the long run but this because I was gonna say we we all concentrate on the box office and how much the box office but for years you know there was the home the video market which DVD's in Blu rays were huge pusher of like how how successful a film could be and then you know all about the library having that library for the long term terme but now that could be changing yeah so basically the the agent for John. Crawley proposed this sort of Unorthodox Solution Russian when budget talks were breaking down between the production company in the producers and the studio and this agent was just like what if Warner brothers teamed up with Amazon to raise the money to make the movie and that kind of thing is not something that I would have expected for any of the studios to actually accept but tell me Toby America who is the chairman of the one others pictures group. Actually he's quoted as saying this could be a game changer for our business model. This is a great model for us. It create create the model that potentially allows warner brothers to make dramas or urban skewing or domestic skewing films for a higher budget through a partnership with Amazon so you know the the interesting thing here is as I mentioned about that downstream thing Warner Brothers is owned by Warner Media Warner media also owns. Hbo So you would think that typically if a movie is made by one brothers. That's the outlet that you would see it. you know sort of end up at This goldfinch deal was made before. Hbo Max was announced so it seems like there aren't going to be you know any new deals like this between warner brothers and Amazon because Warner Brothers wants to keep stuff for their new librarian and their new streaming service but you know even though Disney has Disney plus in universal student soon going to be having a the untitled NBC Universal Reversal Streaming Service. There are still places studios out there lionsgate focus paramount. Sony that don't really have their own viable streaming services yet that could theoretically make deals like this in the future with a company like Amazon and that could could be like you're saying Peter Soda the return to the sort of mid budget type of movie that we have all been decrying. You know that we haven't been seen very much. you know in the past twenty years unfortunately only it doesn't look like the Goldfinch is any guide it premiered at what Toronto I think Y- film festivals and I think it currently has twenty nine percent on the tomato meter which is just when you when you get a score that low you. It's almost has to be like very bad think well. The good thing is it doesn't matter if the gold finches any good for this business model to existing thanks. Oh Yeah Yeah. I'm just wondering like because this movie was bad. We'll to studios not come together again. Stink on it just because because of the quality of the product Yeah Yeah. I don't know okay we have one last year. This one broke right before we started recording in that is that Paul is I guess entering the dark universe or the the the world of Universal Monsters Brad. What do we know yeah even though the dark universe there's is basically dead after the mummy totally shit the bed unintentional rhyme if Paul is doing something involved with universal monsters with a a project called dark army. Unfortunately there's very little to glean from this. movie is supposed to be about figues going to write and direct the movie be and it said to include characters from universal's classic Classic Monster Library and original characters created by feed so it sounds to me like we're going to see more universal monsters but with a more original spin than just redoing the origin than trying to create a new franchise franchise of horror movies involving those classic monsters and maybe it's just me you know putting into a corner but I I wonder if maybe he's going to do something akin to what universal used to do with Abbott and Costello and the universal monsters because there's a whole series of films following the comedy did you Abbott and Costello as they meet the various universal monsters and I doubt it'll be something as simple as having just characters run into those monsters but that would be a fun premise to explore i. I don't know if I ever mentioned on this. PODCAST are mentioned in slacker an article or something but after dark universe I failed. I thought it would be kind of a cool yet to do something. Along the lines of this is the end with people like Seth Rogan and Jonah Hill or they end up encountering you know some of the universal monsters so I don't know if that's what fee has in mind here it's not necessarily guarantee that this will even be a comedic approach just recently he went to a little bit more of a twisted twisted place with that thriller simple favor and he does do some more things that aren't so comedic in the ghostbusters reboot in as as much as there is slapstick comedy and stuff like that in that movie some of the ghosts and stuff actually did have a pretty you know gruesome supernatural tariff to them so there there is a possibility that he could do something that leans more into horror unless out of comedy but again you know comedy and horror kind of dip their toes into the same arenas every now and then you know when you get scared sometimes you feel like laughing and so it's it'll be interesting to see what he can do with uh something like universal monsters yeah. I mean I love to see like his version of the monster squad. I feel like that could be interesting ankle. It's weird that they're calling this dark army when they just called off the dark universe because I feel like they wanna get rid of the word dark but I don't know I guess what keep an eye on this as we learn more for you could read that story and all the stories we've talked about on today's podcast winked and show notes on on slash dot com this podcast. Ashland daily is published every weekday itunes Google overcast spotify all the popular podcast APPS. Please feel free to send your feedback questions. Comments concerns to at Peter at Social Dot com and and please read visas podcast on itunes. Tell your friends for the word. It will see you tomorrow.
The Information's 411 Eventbrite Horizon
"Happy friday everybody. It's the information's foreign one your our weekly look at the stories we published during the week and other items that we find interesting and want to spend our time talking about my name. Is tom tan. I am one of the reporters at the information. Here's the we've got today. First off. I'm talking to matt drain. Who wrote a investigative piece about event bright the online ticketing company they went public and it's been a rough road good for them and matt took a look at some of the problems they've been having internally specifically around acquisition that is not worked out the way that they had intended and then i'm talking to jessica catoon goal who wrote a story with me earlier this week about warner media and the issues that they are having. It's an issue base podcast. The problems of wondering media has had had in their streaming service and why their decision to name their new streaming service h._b._o. Max ended up causing some problems for them and some internal debate all that kind of good stuff but anyway that's the show i've got in the studio here now. Matt thank you so much for joining. Thanks for having me so let's talk. Let's go right into event bright. I imagine most of of our listeners probably know what the company is does but for the few that don't want it to give a fairly brief rundown on what event bright does sure so event bright is they are a century the dominant player in what is called the mid market of online ticketing <hes> which you can think of essentially is everything below ticketmaster and live nation in terms of concerts conferences art shows. <hes> you know open houses coffee events any kind of event that like your a friend might invite you to on a weekend or thursday night <hes> they sell tickets for right and it's a for the client it's fairly cheap. It's an easy to use interface ace and they've basically they've been around for a while and they seem to have just one that market of the small to medium type event and smaller client. They've been on for thirteen in years <hes> very well known in that space and that gets very <hes> low hurdle to set up your an event. You know you don't have to be an i._t. Wizard do it <hes> and the fees are relatively oh to be low so they take about three percent cut of ticket sales right if you're doing it yourself if you want to come in and help manage the event and give you onsite help and things like that they're additional fees on top of that but for just a mom and pop let's say a coffee shop throwing an event and writes reducing a new bean or something like that very very low cost and and what's interesting with them is and i've called them a little bit because i have a in the past interviewed their ceo julia hartz there've been competitors that have come and gone every so often you see see like a a new startup raise money and say that we're going to own this area of the event worlds and some of them do okay but by large event bright has remained the dominant player in in this particular segment of the of the dating world yeah so that's fair yeah okay so so the company like you say been around for thirteen years something of a darling in the valley. There's always been a lot of goodwill towards them. People liked the co founder and former ceo kevin hearts they certainly like the heisman julia husband of julia and and she took took over when she took over in two thousand sixteen yet right around the time that i actually interviewed her at at one of our <hes> information summits so the company goes public last year and it was of the i._p._o. That happened. It wasn't one of the ones that seem like the heralded i._p._o. We've all been waiting for. It seemed like something was pushing them. I'm to go public or they felt for. Whatever reason that now is the time for them to go public and you know. It seems like it hasn't gone that well stock price wise. They've they've really sucked since the i._p._o. Right uh-huh they have it went well initially. I think it's worth pointing out you know <hes> at one point last september eleven months ago the company worth three billion dollars right. I mean the stock pop <hes> about thirty eight dollars a share the week after the i._p._o. So there are some initial enthusiasm and i think momentum <hes> but since then as you mentioned has tapered off quite a bit and right now it's trading at about about sixteen seventeen dollars a share which is what they were worth their last private round of financing in two thousand seven. Jake's in two years. They've they've not gained any. I'm not sure so no no good for the shareholders at that price right so let's get into the specifics of your story then i mean what did you find when you sort of took took the temperature of the company and and saw what the sentiment was internally so sentiment internally is pretty low right now <hes> morale <hes> particularly in the san san francisco office is very low <hes>. There've been a number of rounds of layoffs just in the past three months. <hes> you know i think a lot of folks internally feel like the management team hasn't really communicated indicated the issues or the the reasoning for those decisions of late <hes> and you know i think a lot of it has to do with the stock price that we mentioned a minute ago. You know a lot of these employees got particularly the ones who came in and joined the company in the last two to three years their equities shares are under water right now or just a about their so. That's part of it. It is well you know. There is a lot of excitement obviously around the i._p._o. Internally everyone was very excited for that is as you would probably have any company <hes> but since then you know no early this year there was a big decision a big announcement to expand internationally <hes> which is a key part of their plan for twenty nineteen and that has really been put on the backburner to to address some of these issues with the integration of this other company called ticket five right okay so let's talk about that ticket. Fly is another ticketing company that they acquired edberg acquired ticket fi in two thousand seventeen okay okay so before the and so this has been a long integration process. They've had a period of time in which they could fit this business into yeah. There's <hes> why why has to get fly been such a thorn in the side of their strategy and growth yes so for a few reasons but i wanna point out ticket you could file actually acquired by pandora before as we wrote about corey wrote about last year <hes> sort of about that chapter and episode of ticket prices is actually the second company that has struggled to integrate ticket fly yeah so initially event bright told investors that they would be completely typify would be completely integrated by the end of two thousand eighteen that came and went. They said more recently that it'll be complete by october first <hes> by the end of q. three this year and they're struggling for a few reasons number one. It's been fundamentally a culture clash internally as we say in the story you know event bright was built on. This idea of the platform is for anyone anyone can use. It doesn't matter what what kind of event you're doing. You know the platform strip down. It's simple. It's easy to use take advice on the other hand was really built to cater to one type of customer which is a music venue new music organizer right doing a concert that isn't quite at the scale of a ticket master right so i'm not selling out oracle but maybe you're selling out you know the fox fox the greek theater right something small. Maybe you know or even like your local like something okay but a lot of those venues have very specific needs and demands you. The music business is is very relationship based. It's all who you know and it's a completely different ballgame from event bright and so on one level you know you have this company that it was built ticket fly on the back of traditional sales team right closing deals meeting new people sort of very old school music business exactly old school covered by right billboard magazine right yeah and then you have event bright which is really sees itself as a company right <hes> and so there's some challenges with that <hes> they're also just challenges inherently on the software end of of integrating some of those custom features at ticket fly had into event bright <hes> and then there's also just the seasonality the built in challenge of you know you can't migrate over a big ticket flight client. If they're big concert is in a month right that would totally throw everything off so in the summertime. There's a lot of big festivals and music invents things like that so that's also played a role as well that is really out of their control right and the thinking on event apart and maybe pandora's as well was ticket. Fly gets us entry way to the music world something that we just didn't have access to before. We've got small and medium events. We've got all these one offs and venue base things. We don't have the music industry industry which is really the ballgame in many respects when it comes to tours right is that right had some exposure into that before ticket five but not a ton but that that is the fundamental tension right now yes how much how much of the business should be oriented towards ticket fly in that kind of client and how much should be oriented towards the smaller kind of conferences that really got to where they are today owned that market amid market yeah so you mentioned the culture clashes between the two kind of old school meet music the company and an an tech company how has management sort of tried to smooth that over. What have they done to help. Make this integration. That's supposed to be crucial work so that's a great question. I mean a lot of what i found. My reporting is how it didn't work for a lot of reasons and most of those <hes> reasons were management decisions right. It's really been kind of a carousel of of mid level managers at the company you know as we say in this story at least eleven high profile alexander have departed since the i._p._o. So a lot of what they've tried to do just hasn't worked you know one. One of the ticket fico founders skied in andhra skin. Just just left the company and is no longer going to be on the board. <hes> there is some tension <hes> around his role and sort of again that typify culture not necessarily being in line with event rights. You know they've they've really tried to do it as quickly as possible but the feedback that heard from folks who were working i had worked there internally was that it was unrealistic to try and do this by the end of last year right so the kind of tragedy if this really is a tragedy and you know you don't want to write the book on them. Yeah eh clearly you know. They're not going bankrupt. They're just going through a tough. Time is the fact that event rights business was growing at the time that it went public and maybe up through through the integration you said before recording. It was still growing like thirty percent a year. Yeah that's right so i think it's really important to take sort of a wide view angle of event bright so on the one hand if you look at it just in terms of since they went public right things haven't gone very well. The the stock has has really fallen pretty substantially but if you go back and you look even further if you look prior to the event rights core business that what they call s._s._i. Which is self sign on right which is very low touch. <hes> you know it doesn't i is really not a lot of resources on event bright part to make this part of the business round that area of the business the core business was growing thirty plus percent year over year for the two or three years prior to acquiring typify very strong in line with a you know a tech company since then it has not gone very well so if you look now if you look at the they just released their earnings on wednesday wednesday they they made a point to say hey the self sign of business growing at twenty one and a half percent. It's like sure on the one hand in isolation that sounds great but if you actually should look back compared to two years ago that's not so great right and so that's i think kind of historical context that people who maybe haven't followed of pride don't know them now or only know them now. As as a publicly betrayed company might be missing. Is that part of the business. A lot of people feel has really been neglected bright right and i mean ticket fly. The integration has been problematic. I mean are they hopeful that when it happens that things will will suddenly click into place and you know that area of the business will suddenly become the growth engine that they are expecting it to be yeah. Yeah i think that is more or less. The hope i mean they told <hes> analysts on the call on wednesday that this integration will be complete in october at that point. It's going to be okay then what <hes> <hes> and how many of those ticket fly customers actually do migrate over and how many don't <hes> which will impact revenue significantly they said on the call that a lot of the bigger clients a ticket i had are the ones that are still trying to get over to the new platform yeah so it's gonna be i think q. three or four pride is a critical time for them. It's kind of they're kind of a crossroads if they can complete the typify integration. I think a lot of people will be looking for okay. Let's talk about the international growth strategy that they laid eight out internally at the beginning of the year and the sign business people will be looking to those areas to see all right now that music is sort of figured out to a degree you know what what we do with the rest of the business us yeah and last thing here so it's kind of an interesting backstory as to how you came to investigate what's going on inside event bright by no means a company that you cover so why don't you sort of give us that backstory sure so <hes> really the event bright story started as a tip someone who's very familiar with the company and who felt like <hes> the director who is concerned about the direction they were heading <hes> and i got a just a phone call one day out of the blue so yeah which is how a lot of these stories you can start by people who have step in wanna share it and at the information. We have a bunch of different ways you can do that. We have our information dot com. There's a tips page. You can go to email mel you can text you can call us via signal. If you want to do it in an encrypted way so yeah there are a lot of different options for that yeah so let that be a pitch out to all those listening. Yeah this podcast and we're obviously interested in what's going on. Either your company or companies that you follow very closely and there are ways to connect to us through our website so please leeza avail yourself of those tools absolutely all right matt. Thank you so much for joining interesting story a bunch of check it out and <hes> have you back soon. Thanks <music>. It took also <hes> we in the media team been spending quite quite a bit of time looking into all the different challenges that the big media companies have had in their transition to the streaming era and so i guess now it's warner media time. I'm in the hot seat as we look at their significant move from their decision to build their own streaming service which they decided to call h._b._o. Co max and that decision itself is kind of the center of the story that that you did earlier this week so before we even get into all all the ins and outs of of h._b._o. Max and the problems with that name what is warner medias strategy here. What are they trying to pull off here in their. You're in their foray into streaming. It's a really good question. I think if you think about it from a._t. And t.'s perspective they have all of these devices. They have direct t._v. They have all these satellites like they think that they have all these distribution points and they think that if they launched they think they're hoping that by launching streaming service they can sell this offering to all of the customers right right so it makes a phone plan more valuable basically yeah okay so by time warner rename at warner media and they get to the point where they have to finally put the service together and then can give it a name something. That's gonna stand out in a very crowded marketplace and they subtle on h._b._o. Max what's <hes>. What's the story with that so. I think everyone pretty much. Many people wanted h._b._o. To be part of the name it was the best brand. Everyone knows h._b._o. The best brand and it stands for something but the problem is it does stand for something and that also because it stood for something that needed source of rake debate like you have the former head of h._b._o. Richard cler saying we're gonna call it h._b._o. Let's make sure it's somewhat trudeau h._b._o. Right let's tab h._b._o. Like programming on it and we can put cinemax programming. You wanna call it h._b._o. Max <hes> so that was one part of the debate. The other part of the debate was if you're going to broaden out the service beyond what is h._b._o. Doesn't make sense to center around the h._b._o. Brown right and the argument that those people have is that h._b._o. Is somewhat stagnant in its growth it obviously a tremendous brand stands for some of the best shows ever made but it's not like this thing has been growing in gangbusters for the last five ten years actually slowed down substantially during that period and this is supposed to be a very broadly you know this is an audience is supposed to reach a broad. Ah product was a reach abroad audience right. It's supposed to have kids programming. It's you know it's not programming all kinds of different kinds of shows and to societas associated with h._b._o. With an idea people's had so it is a tough call. I mean there's the separate issue which <hes> the former head of distribution bernadette alexia brought up to the former head of distribution for h._b._o. Is that by calling in h._b._o. You're essentially saying to the cable satellite outswingers. Hey we're going to launch a competing service that you've been marketing for the past. Whatever many years i hope you're okay with matt right right. This is a service that ultimately will encourage people to not pay for cable anymore right. This is about the streaming shift exactly exactly yeah so the other side of that though is what i mean certainly there's a risk in doing that but the other side of it is basically people saying we have to do something and no matter what we do. We're going to piss people off so let's put her foot forward. Basically it's the best brands that they have so. Let's use the best brand as the launching point for this new service. So i mean i can argue it both ways. I don't know what you know. We've seen so many companies. Try to come up with a new name for something bad nothing to do with what it was before and like oath and completely you know fail right right yeah exactly yeah qube. We shouldn't say that kubis failing but like yes you can you can make up the name trump shor short but better example jesus <hes> so i mean we have to say at this point. A lot of this stuff is kind of a <hes> well. Where are we in the process of them having to deal with these kinds of issues are they already at the point where you know there's going to be a <hes> difficult back and forth with the distributors over you know how they're going to go forward given that they're pushing out a competitive product so i think their thinking around the service of all right so i think when they were first coming up with the name h._b._o. Max which also i should just add that the max part of it was also a a point of contention bradley liked max from maxim milan from gladiator brad. Bradley was the executive tasked. It's to oversee this this fertile right so randomly was basically like the mantra get this thing going and he liked the <unk> or named maximus to represent at this roman gladiator short people that if you are cashing you know warner media on cinemax which has its own service like if you are it people are going to be confused. I was confused when i first saw the name i i assume so max's part of it right and people assumed it was h._b._o. Cinemax much together with that was thinking behind it but <hes> so i think initially when they came up with the h._b._o. Max name the brand bentley again he was talking about. We're you can have a wholesale product. We're not going to rely on other people to distribute this. We're going to be our own direct to consumer offering. We're going to sell the straight to our customers. I think from what i understand recently. The conversations are more now around. How could we bundle this with a broadband offering and and things like that because i think they're realizing that to go straight up against the distributors is a recipe for disaster right. That's still the business. That's still where they make make their money. The majority of the profits i'm spending finance out exactly yeah and so <hes> bentley by the way okay who you mentioned he was he was removed from from his position a couple of months ago and now they've brought in a whole other team of people from different arm arm in the company <hes> to oversee the product side of things <hes> from what you gathered during the reporting here. How are things going. Are things going a bit a better. No i do believe things are going better. <hes> i mean i think some people didn't love <hes> brad bentley's management style <hes> so i think that was a source of contention and i think he ultimately did not get along without bring black. He was the n._b._c. executive who's been tapped to head up content for romania the media but <hes> so i do think things are going better. I mean there is a question of like i get the sense that they still don't know ultimately what this the product is going to look like. I think that keeps coming up like even just a couple of weeks ago. At a._t.'s earnings randal stevenson announced that lives lives sports news would be part of the offering <hes>. I can tell you that that was news to engineers who've been working on the product so <hes> you know i thank they make these decisions and i'm not sure that they always understand the implications of roy and it's interesting. You know to compare it to say disney. Which has its own problems. Let's let's not say that this thing is not rife with political challenges and technical challenges and eh everything you can imagine that would go into media company building something like this but they're offering is very clear in my opinion th they've said from the outset. This is about showcasing acing disney's intellectual property showcasing pixar marvel star wars on down. It just seems to me that in comparison warner media media hasn't really figured out exactly what the pitches you think that's right yeah. I mean look to be totally fair a._t. And t. is doing i think what they're doing. Is it's harder than what disease that right disney fox business. It knows the bad hollywood in hollywood and is launching a streaming service like yes that is difficult for all events that that's not an easy thing but a._t. And t. bought a business it doesn't know it is taking this company which formerly time warner was very silo trying to create a new company out of it. Bring all be silos to different businesses together an launch a streaming service so you now. I think that a yes they don't know what they don't know to some extent but be like it is harder what they're doing then disney. I make that argument yet gotten a lot a lot of plates spinning going on here anyway. I got to say as a reporter. All the stuff is fascinating fascinating to watch <hes> so many mini dramas playing out at once and aww even the ones on streaming service so <hes> good work jessica <hes> pleasure working on the story with you and i'm sure we'll have a lot more on the stomach. Thanks ah <music> <music> uh.
Apple is ready for its Hollywood closeup
"Talking tech is brought to you by wicks dot com. Create and publish a stunning website all from one powerful platform, go to wicks dot com to create your very own professional website today. That's w I x dot com in stay tuned after the show to hear you can take advantage of special offer for talking tech listeners Jefferson Graham with the weekend edition talking tech. I m getting ready to pack bags and head off to California where apple once again has some in the media to hear the latest about what's next and sure you know, that would be an entertainment service to take net flicks. And a news subscription service. Who's ready to spend more money? The entertainment service is going to have programs from the like of Steven Spielberg, Oprah Winfrey and breezy Larson. The place to find the service is expected to be on the apple TV app, which is available for the setup box and on devices like the iphone and ipad reporters are eager to hear. How apple plans on expanding its base to? Fees and other setup boxes like Roku and an Amazon fire TV stick now beyond the net. Flicks of magazines that's gonna have publications like the Wall Street Journal and people available for ten dollars monthly really most of the attention will be focused on the big Hollywood players. Apple is expected to fly out to its campus which stars will be there. That's the guessing game. Many of us are playing this weekend. It's also important to remember why apple is doing this. Even though it's more than fashionably late to the party. Netflix after all started in nineteen Ninety-seven and now dominates streaming followed by Amazon prime video, Hulu CBS all access and others Disney. And Warner media are launching new services in the coming months consumers as was pointed out this week by Deloitte can only handle so many subscriptions will apple consumers really stomach thirty dollars monthly for entertainment news in the pre existing apple music service. I don't think so I think they're going to have to come up. With another innovative way of pricing. Now, you know that apple doesn't sell as many iphones as it used to. And apple knows with that gravy train waning. It's time to broaden the strategy to collect more monthly recurring charges like Netflix, Amazon as it stands. Now. Apple sells more. I cloud storage plans, apple music subscriptions, and I tunes movie Reynolds than it does. I Pat smack computers apple watches were excess re's like the air pods services the division. That incorporates the monthly plans generated over ten billion dollars in the most recent quarter. It has a long ways to go to catch up to the iphone which in the quarter. Brought in just under fifty two billion dollars apple music, which is a Spotify. Clone was able to garner over fifty million subscriptions by targeting the one point four billion base of iphone users can apple get even bigger numbers with entertainment and get an iphone size. It. I doubt it. But I've got open the IRS open is that I look forward to hearing. What apple is. Gonna try to sell me on Monday. I'll be back at you on Monday with the latest to fill you in along with my analysis on Jefferson Graham with USA day, you've been listening to talking tech, please subscribe to the show where ever you listen online audio and look for me on Twitter where I'm at Jefferson Graham, thanks a lot for listening. See you tomorrow. Talking tech is brought to you by wicks dot com. Have a business idea. You're ready to grow or a story ready to share. But not quite sure how wicks can help with that wicks allows you to build a professional website any way you want start from scratch or choose from over five hundred sophisticated templates, and customization is a breeze. You can push the limits of web design without spending hours on coating easily. Personalize your site with hundreds of design features like galleries video backgrounds and custom forms wicks is the most technologically advanced website building platform available. No wonder over one hundred forty million people are already users build a website of your very own with wicks today for free. And if you go to wicks dot com and use the coupon code talking, you'll get ten percent off any premium plan with wicks premium plans, you get more storage, a free domain for a year and much much more. That's wicks dot com code talking for ten percent off any premium plan.
The Information's 411 Xanny Do
"Everybody the intermissions Ford. One year weekly podcast brought to you by the reporting team at the information. This is Tom Dotan your regular host. We've got two parts of this episode today. I I'm talking to Jessica two-goal. She had a big feature today about Sander, the addressable advertising division inside AT and T. This is basically AT's gamble to take on the digital advertisers like Facebook and Google in using their data and television inventory to create a massive advertising powerhouse and Shaq. It's not going all that. Well, this is a strategy. That's been attempted several times by other non tech companies and always seems to run into a couple of snags. So Jessica profiled the latest ones happening over AT and T that I'm talking to Kevin McLaughlin about apple and Amazon and cloud storage. Apple has begun to move some of its business away from Amazon in a bid for at least a little self sufficiency. And it speaks a lot to the state of cloud. These days. And how some companies try to go it alone other companies or reliance on the public cloud and some people are somewhere in the middle. Or does the story talking about the Sepah sewed? Let's get on over to Jessica too. Richest one of the long-suffering strategies kind of in the mobile world is trying to use their data in order to be competitive with the digital companies like Facebook, and Google and AT and T is sort of the latest attempt or of this strategy and in the store that you publish today. It looks like it's really really struggling. So I mean before we get into the specifics of Zander and all the stuff that's gone on internally at AT and T and Warner media. Maybe if you could just explain from abroad level, what is the promise of targeted TV advertising. Okay, promise of targeted or addressable advertising, which but AT's ultimately going for is that you, and I could be watching the same show in our homes, but you would see an ad for one kind of car, and I might see at nother kind of car that I looking to buy its individual household. Liberty one on one advertising people have been trying to do this for years AT and T part of their argument for buying time. Warner was we're gonna have this rate premium contents and our eighteen data and the set top box data that we have through our direct TV satellites we're gonna be able to really do this and helped industry compete with Facebook and Google. So I mean as the go down the path to putting this together problem store to crop up almost almost immediately. I mean. Let's talk first about just the attempt to try to get other TV networks on board. I mean what what was the strategy there? And what happened as AT and T tried to do it? So there will they're still trying to do it. Right. They need TV networks onboard because TV networks of the ones that have the ad inventory. Right. So when you see watch show an hour long show. Two minutes of those ads are coming from your cable or satellite operator riots for me. It's spectrum the rest of it. The sixteen to eighteen minutes is owned by whatever channel network. The media company owns that network. Whatever it that comes from them. They are one selling it making money. Right. So most of the ads come from the TV networks, so it's crucial that AT gets deals with the TV networks, but thing is like AT and T doesn't wanna let the TV networks cellar, which is a huge sticking point. Because the TV networks. Have been selling ads since the beginning of TV ads. They don't wanna give up control. They wanna be able to do it. They don't wanna give up the relationship with the advertisers. So that is like a completely like non starter win every TV network. I've spoken to. The other part of it is to eighteen says, okay. You don't wanna do it with? They're trying to do. Now is basically pressure that heating at works to signed deals to give them some of their ads spots through their Parag associations. I'll remember direct as one of the biggest distributors of TV. You know, there's having very aggressive negotiations with the TV networks. Oh, saying if you want us to carry your channels on direct TV, you need to give us some of your Atta, Victoria. But even there they're not really having reut right in. I mean, the like you're saying they have the leverage. But I guess it's just not enough to be able to to push this across the line. So this is what I'll say, yes. I mean, not yet. So they just had to deal with Viacom, right? And that was very closely watched negotiation, the ams news leaks that by Viacom did sign a deal. And but as our store in my story shows, it's not there's no TV Dettori part of that deal right now Joe banner ad the Dory. So. TV networks are just not playing ball right now. Now that could change in aging tease hope is that they're doing some of this targeted advertising not address book targeted advertising with the former Turner. Now Warner media now so with the hope is that people are going to see them be so successful with that. If they are going to wanna play off. I mean, one of the elements of this that I find fascinating is that in following, you know, the rise of digital companies in the fall of TV networks and their ad rates. Intern is that they really see I think the United in their belief that Facebook and Google and all these kind of big digital media companies or an enemy of theirs. They really are pulling money from TV ad budgets to extent at least or they worry that it's going to happen. So you would think there would be a United front or they would need to be some sort of United front and there've been attempts in the past to do this. I mean, it sounds like your story touches on this. You know within the con-. Next of AT and T, but why isn't there better collaboration across other TV networks and TV companies to pull their inventory together use their data and try to say in a United front combat digital media companies. Is going on. So you have the cable companies Comcast is majority owner of MCC, which is with charter Cox. And that's like something like it believe it's forty five million households. So they're doing something. Then you have the TV programmers that are doing things with what's called open AP. The problem is any the TV programmers interests and the cable operators interests are not alive. You are things apply. Ration-? But this is only gonna work if everyone comes together, right, right? May just hasn't happened yet in the way that it probably needs to. All right. Let's go inside AT and T for a moment as they're trying to put this together. So the person that is the spear point or the tip of the spear for AT and T and trying to pull this off is this is this executive Brian lesser. What can you tell us about Brian? So Brian is he's a seasoned digital advertising executive. He was with that a team is on the board of open AP. He was wig group am, and you know, he understands digital advertising I think he understands buying advertising. He's not a TV guy. So when he was first tapped as to head up this Andhra business ramble Stevenson, hire them he reports. Randal Stevenson, some folks at Turner were like, that's interesting. He's not a TV guy. Then the first thing that they do after the deal closes the deal being after eighteen by Time Warner is they bought app nexus, which is a exchange to buy and sell ads, but it's primarily digital banner ads. Which is fine. But everyone was like, well, if you you're talking about creating this targeted addressable advertising machine, why is this the first thing you're buying? By the way, that they thought at nexus as technology and ability to crunch data was going to be transferable to television jenness, g things. One is banshee. She the engineering resources that they bought a team. I believe it's four hundred engineers that would comment build up the video and be able to, you know, do that rather than just starting from scratch and sure there's something definitely to be said for that. But it's you know, it's not an easy process. This is going to be it's really hard. The second thing is I think Brian let me my understanding stores Brian lesser had hoped that he was going to be able to do tack on after this happens after at nexus to help build up the video capabilities and given eighteen debt levels that was not the case notes with the story. Also in parts resembles the sort of frequent mean, we have in the tech world where you know, a old line company buys a digital company. And the integration process doesn't go. Very well. I mean within app nexus is that what you sort of happening too is just a clashing of of cultures and executives. After they bought up nexus bright o'kelly's the CEO about next. Brian was the job Ryan loss on the board up next those? You know, an AT plants is huge. Conference in Santa Barbara, the Ritz Carlton, we're gonna unveil Andrew at those and like within days before the conference brought in Brian Kelly. I think he was supposed to speak or it was on the agenda often is off the agenda was kind of wondering what happened to have. Apparently, he'd left kind of sort of bitter falling out with Brian lesser over things. Like retention bonus. Getting retention for him in for his staff severance, and then all the way to you know, disagreement about the name of Zander, which is named after Alexander Graham Bell who I guess has some ties he's evolved in some studies having to the affiliate him with xenophobia. So goes deep deficit, right? Exactly. So he left right away. They bought his banner ad. You know, the people are like what's going on no-one consulted? Anyone Shurmur before they bought app next? Says so you know, that caused a lot of you know, lot of tension. Sure. A as you mentioned in the story, the president of Turner, David Levy who very kind of old timey been around the TV ad world for a long time. Not a huge fan of that deal. Now, he was not a fan of app. Nexus trauma had actually decided to cut ties without nexus. Just a couple months before eighteen Tepa, but Apmac says because it wasn't it wasn't performing at the standard that wanted see perform. So Tara folks, including David Levy, I heard was most local about those were very surprised and dismayed at the position. No, it sounds like, you know, with the integration process. A lot of the stuff is historical. And it's really only been the last month or two that we've seen the integration process of Warner media happening inside AT and T they put some new executives in charge of the as business. I mean, how are things shaping up in in the most recent you know, couple of weeks. So I had you know, they have their up fronts in mid-may. So I do get the sense that things are going smooth are. I mean the way. It's going to be there. The to have these to the issues to add sales, forces rights Turner, hasn't ads sales floors still worm you had stores and Zander has an ad sales force both wanna market, and so that's complicated. Right. Because the they're they've different PNL's, and it's not clear as to how long that structures in Alaska. My guess is that they're doing that? Because quite frankly, the turnaround sales for a snake plus money and Zander doesn't yet. So that's an issue. I also have to say I'm not clear how the top dogs are all getting along. Like, obviously David lease that down. But I'm not sure how one or media head jumps danke and Brian lesser with that relationships like ROY. And like you said Bryan doesn't report to him. He reports into a different executive at at AT and T, you know, I remember talking to people about Zander a couple of months ago, this is people in the ad buying world. And there was a lot of folk behind it, or at least they saw them as a real threat to Facebook and Google as someone that could consolidate a lot of inventory, how the targeting technology can really make go at it. No like, I said, this is a couple of months ago. I mean, as you reporting the story and talking to people in the media buying world. I mean, what's the senses are still a belief that there's real potential for this or people kind of wary and release stepping back and saying let's see if they can get their shit together. That's a good point advertisers are goalless. They're bullish Zander. They love. Love I mean, because what the promises compared to what other promises of the made to them. It does seem like it's the most compelling, right? It's not a consortium which has prevent from the old days of the canoe, Sean, which was the first to try to dress the ball like, so they think okay. Will they won't have that kind of messy mess, and they have the mobile data on top of the TV data. So yeah, that's really interesting to us. It's just a matter of execution if they can get the TV networks onboard wrote wrote in a lot of that stuff is still up in the air. What are you looking for next, by the way? I mean, what do you think for people paying attention to this will we'll give a clear signal as to what direction this process is heading. You know? So they're having are up front mid may. I think it'll be really interesting to see what they announced what that announcement actually me. And I think people have to like kinda dig in. If they say the head deals with TV networks, what kind of inventory does that really include? I also interested to see what happens with some of these consortium like open, a P off launched a competing product competing marketplace yesterday, they announced it it's supposed to come out. I think in the fall, but Okinawa Ps members are all going to allow consolidation themselves. So interested to see what happens with that as well. You're for sure we'll lots of pay attention to Jessica thank you for taking the time and digging in the trenches of Zanny, and we will we'll be watching. We talk about the clash of giant tech companies one of the things that I myself really think about is kind of the clash between cloud services, especially when it comes to apple which we all know is huge consumer product and consumer facing brand, but has clearly a ton of needs in terms of cloud storage. And the story that you wrote with a mere Friday talked about the interplay between apple and Amazon and how much reliance apple has had historically on AWS and where that's going. So we can just get to the heart of the story here. So what did you an Amir find as you were looking at the kind of business that apple gives AWS every year? The key. Takeaway is that last year apple after many years of development and political battles internal turf wars was able to finally make some real progress in becoming self sufficient in the cloud. And what I mean by that is apple flip the switch on an internal storage system. That. Powers? I cloud and possibly other services. As a result. Apple was able to spend five hundred million dollars less on storage in two thousand eighteen then they spent on AWS storage in two thousand seventeen. Yeah. Yeah. And so this like you say was a years in the process project and something that apple had a mean assumingly wanted to do for awhile, right? Beat less be less reliant on the public cloud. Yes. And also more self sufficient in terms of you know, in some cases being able to use its own service to provide the best performance. That's the key thing with apple is that they want to have it served their services perform, well, no matter where users are in the world. Right. And so, but there's you know, there's another player in this picture here, which is Google and they've also been providing some sort of cloud infrastructure services for for Apple's. Well, right. Yes. For the past several years as well. Yeah. And one of the things that seem to have maybe, you know, spurred apple to become more self sufficient. Was a previous incident with Google and fire in their in their data center. Can you explain a bit about that? Yeah. Well, apple I think they had an agreement with apple sorry apple had an agreement with Google, and they expected their data to be stored in a certain way and later it emerged that Google was not storing data in the way that apple thought. And so that was one issue. And then the other issue was there was a data center. Fire and apple was lost some of its data temporarily for some of its users right was able to recover, but in the end there was some animosity between the two companies and apple kind of put its planned increase in spending on Google cloud on hold for awhile. Yes, sure. I can see why apple would be a bit frustrated by that. So the larger context though, is that there's been a lot of kind of dithering within the tech companies that are not explicitly cloud service companies or cloud storage companies. As to whether or not they wanna build versus lease. I know I write a lot about snap. And there was you know, years ago debate with when it was nap chat to bait about whether they should build up their own storage infrastructure or keep relying on Google cloud. And you know, the result for them was that they were going to stick with Google cloud. And now AWS, but there've been other companies that have taken a different tack. I mean from what you've seen. I mean, what's the kind of state of play right now with companies in terms of building your own infrastructure or or leasing it. Well, it was several years ago that dropbox became the first really high profile AWS customer to say, hey, you know, what we're gonna do it on our own. We're gonna pull our stuff out of AWS or most of it out of AWS and put it on our own cloud infrastructure, and at the time dropbox gained a lot of credibility and wore it sort of as a badge of honor in the industry that they were able to actually build their own cloud at scale, which is not easy to do. And it's also obviously expensive to do. Right. Right. And so. Apple seems like they've taken a middle tack. They're not like snap in which they're leasing their entirely relying on the public cloud. They haven't done the dropbox root of being completely self-sufficient. What's what's the thinking with an apple about their their stance? Well, right now, I it sounds like, you know, there was some camps that might have wanted to do it all themselves and other camps that felt that tapping into services from existing cloud providers would be the best way to go are understanding is right now apple isn't gonna go fully self sufficient. It's going to use cloud providers such as AWS and Google, which are the the ones we know it's using currently on an as needed basis in areas of the world where Apple's own service isn't the best option, and I mentioned this earlier, but it's all about storing the data as close as possible to users because of course, that would impact the speed of the service in your ability to, you know, do things more quickly, right, right? What does this mean for amp? Amazon though, I mean having apple as a less lucrative customer certainly affects the top line a bit. But are they worried at all? I mean is this something that they've you as a long-term concern? I don't think so I mean, it is a fairly sizable chunk of business that they are losing. But you know, this is storage. This is a very sort of undifferentiated part of the cloud infrastructure, stack as they call it. And it's also an area where Microsoft and Google are very able to kind of poach customers because you know, it doesn't take a ton of technical expertise, or or, you know, ability to move data around between clouds, I think this is why Amazon's more focused on things like database services, and of course, Google and Microsoft are as well, the real battle and cloud right now around database services. That's why you're seeing AWS going toe to toe with oracle with trash talking between the camps. So to answer your question. Yeah. I mean, it's not great that Apple's moving stuff out of AWS. But. Certainly, no great concern. I wouldn't think for them. So one of the things you were talking about before we started recording the podcast is that the apple story is in some ways of validation for Amazon in terms of how much of a head start that they had in the space. Could you explain that a bit? Yes, our understanding is that apple did build a lot of its own cloud, infrastructure storage, and sort of gains expertise there. But they also realize that it didn't make sense for them to recreate AWS. And that there were certain things that AWS will always do better than them. Right. Right. And and you know for for that reason alone. Apple will never probably be completely self-sufficient. All right. Kevin fascinating stuff. Thanks for joining. Thanks, tom.
Episode 524 - HBO Maximized - 10/31/19
"This episode of this is only a test is made solves the biggest wifi issues like buffering connection problems and can easily set up guests access and parental products not eligible for this promotion one per customer once again that's links US dot com the official podcast of tested dot com hello and welcome to and especially spooky are we can't be on the same podcasts at the same time we get to slacken of occasions late I say sounds great and assures US I'm not GonNa make it if this podcast tomorrow the journey was here I wouldn't be here Fred traces here so stepping up to Oh that's so awesome and favorite one thank you one person and thank you for joining us this week we're GonNa kick things off Oh my son is a fan of the game plants vs zombies add one decided that he was going to use different techniques vertically we use some sewing on the shirt metal hammering and at points he was like I don't know if I really want this both my poofy way got a big poofy wig styled it added color highlights mm-hmm yeah we got a family costume as well we are all going as ripley white come in time for Halloween last year so we had to do something somewhat comfortable not only for him but for us to hold right so we'll ask jumpsuit the jumpsuit when we'd found one online he's GonNa run and you can teach him to just like pose well Hewlett we're hoping he's grabbing US Trust Park we found a really great costing for him where he is h tops popping Henry Wu Henry will simple but you're going to be like still innocent so obvious we will consider the the she's GonNa it together so if by the time you listen Jason about you I don't have any Halloween plans to hand out candy just handing out go to the door in something we're going to be outside the whole time we're just going to hang out on her stairs twelve or thirteen my parents were like Halloween is for children you can hand out candy now or oh I don't WanNa give candy at the door too high schoolers all right redemption opportunity the chocolate base we've got snickers Milky Way's dark milky ways some form of Kit Kat yes some hats in there we haven't opened them the anthrax graphs or the candy corn we're not neurons because shore also anyone and with the full size candy bars the dentist because he's like investing in himself that Canada you're in Canada I went to Regina Saskatchewan well the favorite team the Calgary flames no one seemed to know there was an outdoor hockey outside because it's October yeah scheduling but whatever that is in Celsius we had a hockey helmet and they're all geared up and go hey we got some space in our cab you WanNa hoop so we go to the game we get to the game it starts snowing as we walk in they had fighter jets like buzz the stadium during the anthem which was just incredible extraordinary experience I got to hear the people in the row behind me the Canadians talk politics so is it was an interesting experience this on the locker was playing to yeah it's the one day of the year only it has happened I think twenty or your sports happen on that one day they call world series extended. There's an awesome experience but I love Canada of I know of secret project I wanNA give like to maybe five it it's going to be super awesome keep a follow trace on twitter and stuff is a baby he poops a lot yep he's doing all right we got the poop the out the apple new product that was stealth dropped no no no no soaring world of Streaming Services Warner Media at and T. The big for their big streaming over T. ot or they call it play and month so what do you get with it though yes so this is where there's I think is yes I think is inclusive of everything at least in the back the head is big event on the Warner Studios One there's a lot and they came out and they said Hbo there's seven dollars a month and heavy really aggressive there they got they got the avengers and they for the first year so that's that's pretty compelling already and prime of course you know people are already while there's an argument can be made that they don't want to be a race to the bottom they wanNA have oh you're buying it from them directly as h now or you have it as hbo go which is you only eight hundred DirectTV but also comcast and all the other your favorite shows the hate the wording on this because he wouldn't straight up say every HBO show this all your that they will have parody not only for the back catalogue on Timing for new releases it is they were going to do that they would say they would just say here's your only rate show HBO if you're not getting it then they need to obfuscate it then you get down build the hype a little services get or HBO now subscribers get best-case narrow it will be parody on the now just before the day before they had this event word came out that there was you like in the I don't know what era they called it it was green lit that's the one that got okay so what was it was a that's not going to series the Naomi wants was thousands and it's called House of Dragons House of the dragons it has the big target our Martin with no involvement from the show runners from the you big selling point for HP Max now question is this hbo you will get this too it's not going to HBO. Max exclusive there are are doing green lantern show that's interesting maybe originals ton of money very original name Yup Yup they're doing it's Ridley Scott Scott it's okay show Dan mini killing and there'll be some specials from Conan O'Brien in this for Morgan novel the Guy who did the documentary For Mister Rogers his uniform show breath lunch and dinner but to your point uh tried to Phoenix statement excitement back catalogue watching friends it's the same way I use the office on Netflix exactly and they're not going to get the office because that's NBC CBS which is a Turner thing which is interesting. Yeah that's interesting too Komo crunchy roles well this is the first time I think any US streaming ago so it's interesting that they're now not just makes me a little sad I thought I was going to get them they have now and that's going to eventually ps just as verse exclusive on Hbo Slash Back Catalogue It's not a good that's not a show you go back and watch anything lead change censorship would they don't age well goes back to yeah pick out you know pick a random one of the twenty x number seasons and pick it up so unless eh if someone's programming for you that's affects has done a great job with their Simpson's lineup where so many of those South Park I think it'd benefit that here the best carbon episodes sure it's play a playlist of in minutes scrolling through options Hbo Max's designed to cut through that one nine minutes is a flip into a channel you know you like and you just let the cable TV wash over you and I remember doing some research years ago and I couldn't find the source in my notes but so Netflix does a study where they found that you have about ninety seconds until you end up leaving what they call key art they're customized to the person who's watching them so dustin because I might identify with him in some way so they'll show me that because I might be more likely to ex could learn from other wonderful and kind of bring in to Ark of when you scroll over you I they will play and there's no trail they'll just literally start they hate is if I'm sitting icon seeing the same trailer trailers actually steam for Video Games has done the safe use algorithms to create we'll have to see the same thing over and over again and I think they could pets because they know parts of people have died and that's a great opportunity for them to make the menu you South Park big thing I still think there's ripe opportunity to and they're getting okay Max originals they're doing Tokyo vice which a gossip girl reboot and a a- As filler Big Bang theory is on there which I was surprised because maybe Warner distributed or something I don't know yeah I actually think that's the future can we fast forward to the important question are you going to get this well because of the strength of the HBO brand but HBO go does not go away table cable it the whole reason hbo exists is because it is the the all that at and T. and Time Warner has made with services where they get their cut and it gets access X. Alicarte service you pay fifteen bucks a month you get HBO now they're at all will be gladly option of just getting HBO Max instead or go to the HBO content is going to be saved Dane date in the entire back. Theo Max for the four fifteen dollars total yep yes I'll do is not because there isn't enough content here to like justify paying any extra running short episodes syndicated programming that you can keep people on the in which is now not how people consume HBO right but it's how if I were defending it to television kind of disappointed with h the performance of HBO even though it's a it's a very ambitious goal but it's essentially even though they're calling HBO crewmax shows but the way I think HBO is I don't necessarily need it to Elliot I'm GonNa Watch even shows I may not think I'm interested in succession and throughout the year I'm going to watch everything because it's all so good intersection city quality I mean in terms of it being worse than the city show it feels like TV nine. Hbo Oh as long as it really is the the parody with HBO now subscribers totally like you don't log into HBO GO HBO now however you experience it now acidic game of thrones that you really liked I have put it on as like I'm GonNa just it's like Netflix you'll go and browse forever and ever and try and find a thing also offer that really really Washerman so many times no no but that's a show greatest show ever made such the whitest person in the room I decide I Lucian of quality what are they gonNa say one of the biggest competitive advantage. I was appointment television in a way that Netflix Amazon prime rarely assist you get to appointment television on on streaming where people wide to wash I'm enjoying it and I know other people who are also doing like appointment television and writing about it and The News Extremely Service people made appointments for six PM Pacific Nine PM Eastern GonNa be again stuck in a menu while Netflix Netflix that's important coach let's star wars so we bought a bunch of us have a text message thread that specifically about opening nights in case we need it well how does that see what was the last seat in the theater top if you're front row being the loss people this is at the San Francisco Alamo Draft House you for a few days after release but I have thirteen tickets because my it really fun so after episode nine comes out it will be the end of the skywalker Saga and as Lucasfilm Fox of Star Wars we've had various degrees of success but on the horizon we had also coming out the next month or so and and then there x trilogy that we would see coming out in twenty twenty two wells announced this week thing you do not mess with Kathleen Kennedy that's she will knife you if introduced some more improvisation and like Lawrence like the story goes Lawrence Kasdan work with Kathleen Kennedy's approach I'm sure there's somewhere he's doing drastic world no I don't shed a tear for any of these people they're all really successful it was a twitter threat came out they were both at was this was not a highly publicized event but they did a panel and Film Festival Talking Jio context of what the questions were and how they answered it the twiddle to twiddle the twiddle you've allegiances and the Phantom cast the answer is were them saying that they really had no idea what they're doing they're really scared during the pitch acting and they address the concerns that they didn't have diversity in the writing staff back was this this big like with a grain of salt because as any person whose work on any film or any TV show and in known history time and prepared for that and to what they're gonNA do when they go into it so I think they were being a little bit being not the right people to do it now regardless of whether they were actually the right people to do it or not say that you can't you can't take the finale and the people's appointment with the we don't know if this directly correlated related but very shortly after this panel it was announced engine being a executive Lucas and reading the reaction not being aware of how anything they say eh airtight yeah he are yet and that's basically what this is this is really Komo multi-billion dollar trilogy two two guys who just admitted they don't know what they're doing with yeah like I don't know just not a good business move just then get five other people to fill your job you know it's just like there's always people who want to be around yeah well he's locked into that. Hbo Mass Right Unbreakable Deal I think Disney plus actually is a great place for them to cultivate talent emerging from that series that I would love to see if if this turns or Disney plus I go back to that last point made with HBO Amax with about Forty Television. I think the men Laurean we have the final trailer Fort Son Twitter I know said it everywhere I go furner herzog should just narrate all trailers costuming straight now does expensive as Western feel less of this the Polish imperial. Yeah this is this is this is out Aram this is spare-part smart to not probably light savers do blaster effects and it's all about keep him in helmet for a while is he or she it is on the cast he's not long for that show Brad or bing baking bread baking bread breaking bad the the grizzled comic relief's the veteran who could we wisecracking character is what is the comic relief in this we Kinda get snippets of that I think do not be more hyped about this and again November twelfth we didn't talk about last ah that subscription until after your free rising year is so event for the crisis of infinite earths this is all the cw Superhero DC shows day episode behind titans but I haven't seen any hints of it you have a that the already thinking post crisis and CW talk about a spinoff show Superman and Lois Lane Superman and Lois follow supervisor on the CW show there it they can't expect it to be earth one superman this is going to be the alternate else world's supergirl version of man for and Clark Kent also for Super Bowl Show and if they played they play a little more I think than the show has potential yeah if they don't take it too seriously we the whole show is a little bit doesn't take itself too seriously which I appreciate and they don't rely you see God what are the interesting stories that you maybe I've watched most of those shows like the Flash Ero all that kind of stuff I know Eros ending about the momentum with all these shows there's just too many of them yeah I really liked the flash for a while with the solutions are like instead of firing a set of arrows you run fast more than that but yes I rang formulaic loved Smallville I loved it so hey let's talk just a little bit because you on the show last week four here comes the twos out all I have no opinion tell me why am really irritated so is so over engineered and I feel like finding Damon Lindelof and just mation from you and intentionally withholding information from you slide spoiler Saris spoilers Oh you don't have this piece of information that I have I'm not going to tell they were talking to you the audience they're talking at you as the audience member infuriated events and they have not proven it all they can pay it off enjoyable is enjoyable in the stupid frame that it's like enjoy the pathway I can feel like Damon Lindelof just like pulling strings on me and I hate that and so if you feel like you're trying to figure out a conspiracy that's great but we're not watching a character right I do agree with that there's like the drama the character of will it literally ends with but the Jeremy what he does best being creepy level so of your fallen the Meta story excessive vans scrutinizing only the teasers for the next episodes but also frame by frame and some of those theories they already have anticipated and season two episode to I want to see it unfold that's an interesting losses an interesting comparison because then after feels the same way in the writer's room where they were like well we set up all these things that we never knew if we were going to pay off different in that they know they wrote this for one season and everything he's done after lost told the best thing they did was to say we're going to end after this final season in even the final season that's a plot point there you go you now you're now you're now you're now you're thinking with portals I I just I'm cynical that I'm going to get anything all right I'm GonNa try to convince Oh as vinyl I switch I've watched so pitch me here's something that's interesting yeah I was big on both and you've seen the movie and so why they were confused watching TV show because it is squid well psychic squid it's not a bomb okay that's okay put into episode to do you remember in comic was inside the world of watchmen that kid was reading but had parallels and it was the writer of the the watchman TV show is a TV show on TV show this thing called American hero story this of this TV show that's the people are watching as they're still directed by the same director who's working on the HBO Watchmen Show Range and I love all the connections to the comic that are showing will and complex so really like her connect the comic book I'm going to watch it right out and then then I'll Texas got so one of the big things in tech this week is apple had a a quiet now take a step back from airports came out your and a half ago now and was two years ago now new case that had a chief wireless charging contactless charging so announced the air pods pro slavery design form factor also the benefit they may not fall out they might not fall out that to be concerned and so there uh-huh condom ooh Zayn I air pods these long little stems stem itself the antenna is shorten place you can press the big feature though is they say it's improved quality most recently Sony has been very well if noise cancelling headphones but noise canceling them on the high end very high end for headphones seeing them the case and it comes in white only people is is that is the status symbol. You don't want to confuse it with your Amazon ear buds views and they say that the noise cancellation works they haven't even seen two hundred hertz so a lot of sampling adjusting canceling but also in other I guess tones that you would want to have passed I'm really interested in these I had my dad's an audio your pods which used to be wired another air pods right but the inner ones are the first one I wore out cables started to like breakdown so I ended up buying sounded so good that I'm really excited to hear these they're not perfectly fitted they also create a build up of pressure they have event system now to in your silicone buds but again it's already I think apple's charging four dollars to replace the chancellor's is good on on wireless like this I'm not convinced us right yeah and so you have to evaluate this against all they are still wireless ear buds out there don't get me wrong but there weren't nearly as many and good enough now you have choices and so I have a hard time if other the echo buds and those are one hundred thirty dollars and they do are a great as well the X. Sound Quality the only problem is that the charges over micro I think everyone wants to get on the ear buds because that's going to be the thing that people whoa I understand Amazon doing this because now you have integration with their assistant and Google same and that's only going to expand I mean if you if you fast forward to the ludicrous conclusion from that you saw even if you just like stick looking tomase in your ear I don't buy that product that's the real super that's the real life is a big concern in four and a half hours might sound like a lot and they might air awesome New York flight that's not long but if you have a case at charges them like I often do we talk about battery density energy density in battery heart what is your your pilots that this small and gives you essentially twenty four hours of usage lights I love Norman I have the same ones and I love them yeah the Sony Games and VR game specifically don't really like when you do Bluetooth can sorry there hammerhead true wireless ear buds one hundred Bucks and they say Bluetooth five interesting and it is an early narrow slice you're basically talking about people that are gaming on their phone or tablet much undercutting it doesn't doesn't have no skin noise cancelling and all the other features it's going to be The apple or the echo the Amazon if they go back and do the act of translation that they talked about with warmers in writing emails they'll say like Oh this is where we think you're going with this conversation then they can it can be faster and they can do that with conversation eventually or at least the hope is the I'm in the air pod is ninety three Mila Watts it's not very big so they last a few hours as Lurch Years Years Years Air Pods batteries deplete over years being battery constantly and then if if you look at fix it they tore them down and it doesn't get recycled which means every two years you buy new air pods we're looking at millions of tons every year this is the thing that people don't talk about what iphones in general yeah and even though Apple may talk people do with their old phones because not a significant number of people actually said those funds back to apple tation last year where like the former EPA director who now works for Apple was from what I remember but like I don't think they're easily recyclable and because they are people maybe keep track of them but eventually you're going to get new headphones and all of that needs to be new products all the time the problems capitalism is is driving apple store and the recycling for you even old phones but if you don't live near one you're next year we expect there will be a new iphone and the room early this rumor is everyone's Qualcomm Five G. Modem on I'd say I'm still I still don't think an next year it will still feel like early adoption for five tried to debunk a little bit of people's fear of it because millimeter waves sounds scary for some people but because you can only go what a few hundred meters from a small cell and then you lose five g four G. and the speeds of five chip would offer seven gigabits per second it's per second upload a lot of bandwidth potentially out there I'm playback speed settings and surprising that it's getting a bunch of flack from the artists themselves the makers of the content this it's not cinema at one just include this youtube includes it I watch all of my youtube video all youtube videos at least certain almost all the podcasts at listen to listen to axe accept a certain oh can you listen there so fast it's like it's not about that it's like I don't need to hear your every who stay with us it's just so slow and I still wanNA certain way great that's not how it works in life now podcast need talked about and I think people could use that lesson if they're mad about this is like you are going to accept a piece of art that you've made until it's out there the thing is once it's out there you don't haters frankly I think this is a good people enjoy the for sure you could just watch maybe better venture that's unlock it's like new game plus you reverse near I like it yeah and it is actually light enough that you don't need to forget FAA registration hey looks very very small of course hundred dollars when at five hundred four ninety five if you want the the big pack and what the when I was on airplanes this weekend as a lexus commercial playing is literally somebody flying drone into an open trunk was like what the Hell is so selling console of all time has sold one hundred and two the hat many that's crazy how it's been like out for four years it feels great benchmark for success of the platform they clearly had done you bent surprising news because behind the scenes they've been shopping the view service which is there terms of functionality in terms of what you get like what channels available income January this portends what next year is going to be about I mean consumers to scale back some of these services when they scale back some of these services editors were Youtube TV who obviously playing able and want and your big media content Ajit oh the purchaser like HBO. Max comes out or didn't have paying an extra fee but like I would cut cable we are but like we're not not like you can savage in January twenty second Oh nice and then Disney plus because he doesn't he plus I'm going to have bundled with spotify and is hard of Disney plus so that'll take care of that one I h. b. have it because my fiance and I met at working at a cable company Ah we're Youtube TV can you the same thing we're switching to Youtube TV once we move to pay for Youtube TV and all of the other services it's actually cheaper to just get cable the benefits of a new one is that Amazon fresh is now gonNa be crime delivery service I think you can I thought there was still old school here just spit it out man feel weird about grocery delivery I feel like it's still not I also the problem is the line the line is the worst if we could get like the rfid where you just I'm sure they'll get there but I'm with you it's creepy it's weird I don't like having somebody else do Waymo has announced that they're going to start offering writer only so go there specifically to try it what do you think you'd get away with doing inside with I mean there's got to be cameras inside of course there is being monitored you'll time I oh man yeah tell us your big secret in these googly part is trying to change where I'm going and see how it handles taxi that takes you around to the way like oh I've never been to this town can you show me like the cool site you've bookmark or if you've made like I've made a map of this town can you drive me to all these places optimized based off of how busy it is yeah yeah yeah all luft in lift had previously had success with their all access plan three once a day and commuting right so like thirty trips for three hundred bucks but they're getting rid of that so now it's called lift pink how much money would you have to spend in in rides for twenty dollars twenty dollars the sat questions I see no sat question ah or two hundred divided by fifteen one hundred thirty three dollars or okay it only be worth it in that you would break even yes you would spend oh no no exact you're in La if you're taking let's say the average rides ten dollars right that's only commute to work on lift very rarely like with shared one and there were other people who would do ah groups what are they I forget what the Lifts Scooter Company so I could see this work in certain markets all use that I like that Komo game it's coming out on ps four soon and next inscrutable it's the norm rebus it's amy and a baby coming out on November eight hours a week Gosh and then it's going to come out if games and they did control as well which was epic games exclusive hopefully it's on a could buy was any guesses two thousand eleven maybe rectified as e has announced a partnership with vow origin before you get to the first origin socks the before a pop up on CNN we have to pick which storefront and the cross play compatibility consoled consolidating and having just one store front of your heavily invested in steam because there's also be version of the all access but it won't be exactly This is with the apple plan will be in like a year or two from now and live payments across twenty four months so xbox one ax and kind of thing and now they're going to bring this back for Taylor bought this bundle from and you will get the fee you get upgraded to scarlet be hardware as a service look I hate it that's all I have to say two thousand eleven stopped working and Microsoft's website tries to push you into subscription three sixty long story short subscription services are stupid sometimes I just want the software I might need the update next year or all the updates from tomorrow to next year next year now they I use no adobe product if I can help it okay if I can help it which I can't schools cloud game console and we it's conversation one final update I didn't know about this and it sounds like it's mostly figured out by now they're shipping units of ship people have them it's heels it was a big update the two weeks ago were roster etching was much faster some people have been waiting since preorder which has been four years it's true it's true now in your your money back for that which a lot of people if you have a good solution for like reliance air filter should not be the only way for you to I mean some people there are some cases Donovan Latian you're missing out on beal mixed they have a unit right now for two thousand dollars and they said that the the one that will ship will very so hopefully I'll get mine in December and I'm GONNA use it for plastics voltaire's because they their consumables like the filter itself needs to be replacing materialism so if you're cutting something like particle board you're only going to get about ten it's not the plastic in your air filter gopher hundreds of hours it's also just