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Study Hall: Media's Future: Is It Game Over for Streaming Services? · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Let's talk about Charlemagne the God HM shout out Charlomagne
• 1:07
  Speaker 3: the God Show. So it's what do you think of
• 1:11
  Speaker 3: Charlemagne's prediction that media companies are dying in this era
• 1:18
  Speaker 3: and there will eventually only be two main streaming companies
• 1:24
  Speaker 3: that will remain after the collapse.
• 1:27
  Speaker 4: Yeah, this is something him.
• 1:28
  Speaker 5: And show has talked about on Brilliant Idiots, and I
• 1:31
  Speaker 5: posted it this past weekend. Going back to the actors strike,
• 1:35
  Speaker 5: I think one of the things that is not talked
• 1:38
  Speaker 5: about enough and that they brought up is that the
• 1:43
  Speaker 5: profitability is not there how everyone thinks. I know Joe,
• 1:46
  Speaker 5: when he was in the spotiations, he asked a brilliant
• 1:49
  Speaker 5: question that never got answered, which was what is the
• 1:52
  Speaker 5: value of a stream? And Spotify never gave that answer
• 1:57
  Speaker 5: for a multitude of reasons. I think a lot of
• 1:59
  Speaker 5: these companies are in a bad position because they are
• 2:03
  Speaker 5: not as profitable and they just spend too much money
• 2:06
  Speaker 5: on content, Like it's a horrible model to make a
• 2:09
  Speaker 5: show for one hundred million dollars and expected to make
• 2:12
  Speaker 5: the money back fourteen dollars or nine dollars at a time.
• 2:15
  Speaker 4: I don't know if there will be two.
• 2:18
  Speaker 5: Players only, but I think there will be a big four,
• 2:20
  Speaker 5: as there is in most businesses. I think it'll eventually
• 2:23
  Speaker 5: just be Apple, Netflix, Hulu and maybe one player.
• 2:28
  Speaker 4: But like this proliferation of a whole bunch of streaming apps.
• 2:32
  Speaker 5: The margins are not there, and we see it as
• 2:34
  Speaker 5: reflective in Disney wanting to get rid of ESPN that're
• 2:38
  Speaker 5: making Leus Star Wars content. They want to get rid
• 2:41
  Speaker 5: of Marvel. So if you're telling me that the best
• 2:45
  Speaker 5: media brand in American history is selling off arguably one
• 2:49
  Speaker 5: of the best sports brands, the best cartoon brand, and
• 2:53
  Speaker 5: the best sci fi brand, you can't tell me the
• 2:56
  Speaker 5: Spotify is fucking crushing it.
• 2:58
  Speaker 4: It's impossible.
• 3:00
  Speaker 5: And it's a conversation that, like we've had before, and
• 3:04
  Speaker 5: I always ask the question if I was given one
• 3:06
  Speaker 5: point two billion dollars to build a podcast division and
• 3:10
  Speaker 5: the only hit I got out of it was Joe
• 3:12
  Speaker 5: Rogan and Will Smith did twelve episodes and Megan and
• 3:16
  Speaker 5: Harry did fifteen episodes and then they just walked off.
• 3:20
  Speaker 5: How Rick Ross did on eighty five South, what would
• 3:23
  Speaker 5: I be called? And it was just some kind of
• 3:27
  Speaker 5: blunder for Daniel at Spotify. And I don't have any
• 3:29
  Speaker 5: issue with day. I think he's an amazing CEO. But
• 3:32
  Speaker 5: I think the truth is going to be told and
• 3:34
  Speaker 5: maybe a year or two about the majority of these
• 3:36
  Speaker 5: media companies, and I keep saying that. I ask you guys,
• 3:39
  Speaker 5: as Charlotte Maine, that's Joe shows how many people may
• 3:43
  Speaker 5: are making a million.
• 3:44
  Speaker 4: Dollars more from podcasting or media. Not many.
• 3:48
  Speaker 5: If the numbers were so insane that a talent was
• 3:53
  Speaker 5: drawn in forty and fifty million dollars a year from
• 3:55
  Speaker 5: that show, it'll be easy to pay him a million dollars.
• 3:58
  Speaker 5: The reason why there aren't a lot of making a
• 4:00
  Speaker 5: million dollars plus in the space.
• 4:01
  Speaker 4: Is because they don't draw that much value.
• 4:03
  Speaker 5: And I think we're seeing it as scale as we
• 4:06
  Speaker 5: are in a recession that they will not announce the
• 4:09
  Speaker 5: most media properties are not doing as well as we think.
• 4:13
  Speaker 2: Uh Man, that was well said. That was well said.
• 4:17
  Speaker 6: He's onto something and he's pretty accurate when when I
• 4:20
  Speaker 6: looked at it from in terms of it's like the
• 4:23
  Speaker 6: jay Z line, less is more right. So when we
• 4:26
  Speaker 6: watched Bob Iger speak, if you read it between the lines,
• 4:30
  Speaker 6: he's telling you the same thing. Less is morse when
• 4:32
  Speaker 6: he's saying like, yes, Pixar, we've missed. If we're gonna
• 4:36
  Speaker 6: be honest, we've missed on a bunch of movies. We're
• 4:38
  Speaker 6: gonna cut back on making those movies. Right, we had
• 4:42
  Speaker 6: Star Wars and you know, Lucas Films put out the
• 4:45
  Speaker 6: Knee Jones movie.
• 4:47
  Speaker 2: It didn't hit like we thought.
• 4:48
  Speaker 4: I didn't even know it came out.
• 4:51
  Speaker 2: It didn't hit like they thought it would. All right,
• 4:53
  Speaker 2: well we've got to scale back.
• 4:54
  Speaker 6: But I think the Marvel thing is the biggest one
• 4:56
  Speaker 6: because it was like, Okay, the movies did so well,
• 4:59
  Speaker 6: and that was leading up to the pandemic. But then
• 5:02
  Speaker 6: they started putting out shows that nobody watched. So we
• 5:05
  Speaker 6: have to cut back. The problem is that Disney's won.
• 5:09
  Speaker 6: But I mean all these streaming services Netflix, even to
• 5:12
  Speaker 6: a certain extent, they're they're accumulating debt with no real
• 5:17
  Speaker 6: concrete strategy of how to accumulate more revenue.
• 5:21
  Speaker 2: And that's that's the real issue, right.
• 5:22
  Speaker 6: So like when when Ires talking about, hey, yeah we
• 5:25
  Speaker 6: have ESPN, but you know these contracts that we have
• 5:28
  Speaker 6: with these leagues, they cost billions. How are we going
• 5:31
  Speaker 6: to pay for it? How do we keep them and
• 5:33
  Speaker 6: paid for it? And so reading between that is like, now,
• 5:36
  Speaker 6: who is the company that is going to partner to
• 5:39
  Speaker 6: purchase ESPN to have those rights, because I'm sure they'll
• 5:42
  Speaker 6: I'm sure Disney will want to stay involved in it somehow,
• 5:45
  Speaker 6: right because they own ABC and they caick and broadcast nationally.
• 5:49
  Speaker 6: So who becomes that Does it become an apple to say, okay,
• 5:53
  Speaker 6: we'll partner, we'll we'll take the sports division, we'll take
• 5:55
  Speaker 6: ESPN and we'll figure this out. Or and this was
• 5:58
  Speaker 6: an interesting one and I didn't even think of it.
• 6:01
  Speaker 6: What if a company like Fanatics decides that we are
• 6:06
  Speaker 6: now your sports partner. They already have the merchandising, yes,
• 6:10
  Speaker 6: but they don't have the network to do TV.
• 6:13
  Speaker 2: But what if you can bomb both of them?
• 6:16
  Speaker 6: Now it becomes interesting. And so we talked about Michael
• 6:18
  Speaker 6: Woman all the time. We've watched the networth of his
• 6:20
  Speaker 6: company grow. We watched a girl from two billion to
• 6:23
  Speaker 6: six billion. Now I think it's evaluated like twenty eight billion.
• 6:26
  Speaker 6: What if they now decide to partner because they already
• 6:29
  Speaker 6: have licensing deals with all the leagues for the merchandising. Now,
• 6:33
  Speaker 6: what if we package the lyrigandizing with the TV rights?
• 6:36
  Speaker 2: That becomes super interesting.
• 6:38
  Speaker 5: Great, you got a crystal ball. Great minds thinking like
• 6:40
  Speaker 5: you know, when they had that party. The first thing
• 6:42
  Speaker 5: I thought, this looks like the title rollout from ten
• 6:45
  Speaker 5: years ago. How do you get jay z lebron meek,
• 6:49
  Speaker 5: little baby getting hug from behind Paul's right to get
• 6:53
  Speaker 5: all those people in the same room at the same time.
• 6:56
  Speaker 5: You think they was there just to drink do s.
• 7:00
  Speaker 5: I'm like, damn, this looks like the title rollout but better.
• 7:03
  Speaker 5: And Jay's already infiltrated and took over sports. Robinson could
• 7:08
  Speaker 5: know you come up with me, he told y'all ten
• 7:10
  Speaker 5: years ago. Good put out the book A hole and say, Okay,
• 7:14
  Speaker 5: what would be best? Find a way for your talent
• 7:17
  Speaker 5: to be on TV that you own or network that
• 7:19
  Speaker 5: you own all the time.
• 7:20
  Speaker 4: I think it would be the next evolution.
• 7:22
  Speaker 5: So I definitely agree while everything is in recession, and
• 7:25
  Speaker 5: the other issue we don't have enough people that want
• 7:28
  Speaker 5: to be consumers when everybody wants to be a star.
• 7:33
  Speaker 3: Well, I think that also, it's a new age of media.
• 7:36
  Speaker 3: I think, like, who's really watching movies at a fast
• 7:39
  Speaker 3: paced these days? Like people? I know some people are
• 7:42
  Speaker 3: still to watch movies, but the vast majority I'm I'm
• 7:44
  Speaker 3: on my phone, I'm not really watching movies. So many
• 7:47
  Speaker 3: movies come out on Netflix that I've never seen, or
• 7:50
  Speaker 3: they come out on these weird streaming services to tube
• 7:55
  Speaker 3: not ain't even to be But I mean, let's just
• 7:57
  Speaker 3: be honest. Have you ever watched anything on Apple Plus?
• 8:00
  Speaker 3: Shot to Steph Curry's documentary just came up? But I
• 8:02
  Speaker 3: have to know it just is what it is.
• 8:05
  Speaker 4: I watched one interview with Oprah on there.
• 8:07
  Speaker 3: I've never watched one thing on Apple Plus. I probably
• 8:10
  Speaker 3: watched two things on Hulu.
• 8:12
  Speaker 4: Is on Apple Plus or No?
• 8:14
  Speaker 2: You know you said you don't consume TV.
• 8:15
  Speaker 3: Though, but I'm just saying I don't know anybody. I'm
• 8:17
  Speaker 3: still I'm in the loop. Nobody's watching Apple Plus.
• 8:20
  Speaker 2: People are watching Apple Plus. You don't consume it.
• 8:23
  Speaker 3: But we're gonna be honest. So we're just gonna be people.
• 8:25
  Speaker 6: I'm gonna tell you no, honest, honestly our people is
• 8:30
  Speaker 6: it Netflix?
• 8:31
  Speaker 4: No?
• 8:31
  Speaker 3: But people are consuming the contest. Do you know anybody
• 8:34
  Speaker 3: that watches Apple Plus on a regular you know me?
• 8:37
  Speaker 6: No, that's not that's not a fair assessment. I know you,
• 8:39
  Speaker 6: you know me, I've watched content on that.
• 8:42
  Speaker 4: Everybody is fudging the numbers and streaming.
• 8:45
  Speaker 2: That's true too.
• 8:47
  Speaker 3: It's not passing the eye text.
• 8:48
  Speaker 2: Both things are not passing it. Both things are true.
• 8:50
  Speaker 3: It's not passing, Like you said, just get cost money
• 8:53
  Speaker 3: to produce these things. There's movies, these documentaries. He shows
• 8:56
  Speaker 3: it costs money to produce. It's going on on these
• 8:59
  Speaker 3: these streamings services that's behind a paywall. At least on
• 9:02
  Speaker 3: YouTube you can see numbers. They might be inflated, but
• 9:04
  Speaker 3: at least you can see the numbers. Like Revolt. I'm
• 9:06
  Speaker 3: not sure how many people actually watch Revault on TV,
• 9:09
  Speaker 3: but you can see the numbers on YouTube. Drink Champs,
• 9:11
  Speaker 3: Tony Yayo's just three million views in three days, like
• 9:14
  Speaker 3: shout out to Revolt. As so Reliability Season three comes
• 9:16
  Speaker 3: out shameless pluck. But all I'm saying is that I
• 9:21
  Speaker 3: think it's just a new age of media and I
• 9:26
  Speaker 3: think low costing content. This is why you know, high quality,
• 9:32
  Speaker 3: this is why, this is why the podcast scene has
• 9:33
  Speaker 3: really taken off. It's low costing content. It's easy to produce,
• 9:38
  Speaker 3: it's easy to put out. And I think that you know,
• 9:40
  Speaker 3: content has become like music. Before music meant a lot,
• 9:44
  Speaker 3: and you had an album and you would sit with
• 9:46
  Speaker 3: that album for six months. Now Gunna comes out with
• 9:50
  Speaker 3: a song and then Takashi six nine comes out with
• 9:52
  Speaker 3: a song with Kodak Black three days later. It's just
• 9:55
  Speaker 3: this is so disposable. It's so disposable. That's how content is.
• 9:58
  Speaker 3: Content is like Drake doesn't interview in bed with the
• 10:01
  Speaker 3: TikTok girl, and then Elliott Wilson he's going back and
• 10:04
  Speaker 3: forth with Drake the next week. It's just like it's
• 10:07
  Speaker 3: just like you got it. It's so disposable, like the
• 10:09
  Speaker 3: content and Dames Dame dash warned does shout the Dane
• 10:13
  Speaker 3: when Dame on the Breakfast Club ten years ago, and
• 10:16
  Speaker 3: he was very insightful conversation that he had and that's
• 10:20
  Speaker 3: when he was he was telling Mvy then like yo,
• 10:22
  Speaker 3: you don't own this, and then MVY was like, I
• 10:24
  Speaker 3: own I own a stock in the company. I don't
• 10:26
  Speaker 3: even think the company's publicly trade. I'm not sure he
• 10:28
  Speaker 3: owned stocks. Yeah, it was that was difficult. That's difficult
• 10:33
  Speaker 3: for him to do. But it was just a difficult thing.
• 10:39
  Speaker 3: But the thing about it is that the thing about
• 10:42
  Speaker 3: it is that you have to you have to read
• 10:49
  Speaker 3: the tea leaves.
• 10:50
  Speaker 2: This is true.
• 10:50
  Speaker 3: You have to read the tea leaves. And Charlemagne was
• 10:53
  Speaker 3: smart enough to read the tea leaves. He started not
• 10:56
  Speaker 3: only his podcast, that he's done, but he starts to black.
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• 12:51
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 12:54
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 12:58
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 13:03
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 13:07
  Speaker 1: some of the heinous migrant criminals caught because of President
• 13:10
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 13:14
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 13:19
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 13:22
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 13:26
  Speaker 1: are here illegally, your next you will be fine nearly
• 13:30
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 13:34
  Speaker 1: never return. But if you register using our CBP home
• 13:37
  Speaker 1: app and leave now, you could be allowed to return legally.
• 13:41
  Speaker 1: Do what's right, leave now. Under President Trump America's laws,
• 13:46
  Speaker 1: border and families will be protected.
• 13:49
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 13:51
  Speaker 3: So that podcast network, right, this makes sense because now
• 13:55
  Speaker 3: you go into the lane of where media is headed.
• 13:58
  Speaker 3: So it'll be interesting to see where where media plays
• 14:00
  Speaker 3: over the next ten years. But I just feel like
• 14:03
  Speaker 3: a lot of peoples wasting a lot of money these
• 14:05
  Speaker 3: streaming services. Nobody's watching them. And yeah, it's just it's
• 14:09
  Speaker 3: not a good business model.
• 14:10
  Speaker 6: So you agreeing with what all you're saying, He's saying
• 14:13
  Speaker 6: the same exact thing. Less, it's more like, we messed
• 14:16
  Speaker 6: this up. How are we going to fix this? Here's
• 14:18
  Speaker 6: how we've got to stop doing this.
• 14:20
  Speaker 2: This isn't making any money. We overshot this.
• 14:23
  Speaker 6: There's nobody's watching she hok, no disrespect, but nobody's watching it. Right,
• 14:28
  Speaker 6: You can put out there, nobody's watching it.
• 14:29
  Speaker 3: Right.
• 14:30
  Speaker 2: It used to be like, hey, if we create these characters.
• 14:32
  Speaker 6: Then they do well in the endgame and then we
• 14:34
  Speaker 6: can give them their own individual series.
• 14:37
  Speaker 2: And that might have.
• 14:38
  Speaker 6: Worked for one or two, but some of these characters
• 14:41
  Speaker 6: there's no investment in them.
• 14:43
  Speaker 2: Right then they put it It.
• 14:44
  Speaker 6: Didn't work on the streaming, so they put it on
• 14:46
  Speaker 6: ABC and start you started seeing Agent Shield on.
• 14:50
  Speaker 2: What is that it's going?
• 14:51
  Speaker 6: Because nobody there's no investment there, so they overdid it
• 14:55
  Speaker 6: so less it's more.
• 14:56
  Speaker 4: And of course when you didn't watch the Agent Child, No,
• 15:00
  Speaker 4: absolutely no, this show is terrible, shout who's on the show.
• 15:04
  Speaker 5: But but like when you are not having it's too
• 15:07
  Speaker 5: many suits in the creative business that is not looking
• 15:11
  Speaker 5: to make great creative and of course, like you have
• 15:14
  Speaker 5: to judge a business like how can it thrive? And
• 15:17
  Speaker 5: and an economy when people don't have a surplus of money.
• 15:20
  Speaker 5: In twenty eighteen, twenty nineteen, twenty twenty, up until March,
• 15:23
  Speaker 5: everyone thought everything was fine. Always calibrate to see, okay, great,
• 15:27
  Speaker 5: how well will things do if the market drives up
• 15:31
  Speaker 5: and people don't have as much money?
• 15:32
  Speaker 4: Number two?
• 15:33
  Speaker 5: Once again, like Rashata said, the costs for these shows
• 15:35
  Speaker 5: with you damn high, so like you have to find
• 15:39
  Speaker 5: everything is a hedge fund business. Like as soon as
• 15:41
  Speaker 5: I saw Pat McAfee get brought over the ESPN, I'm like,
• 15:46
  Speaker 5: I wonder how much the betting will go up because
• 15:49
  Speaker 5: he's a player that can call things on the fly
• 15:52
  Speaker 5: in real time, that can make people money. As soon
• 15:55
  Speaker 5: as I saw Romo say hey, this is the play
• 15:57
  Speaker 5: they're going to run and people start betting on it,
• 15:59
  Speaker 5: that's the head truck business.
• 16:01
  Speaker 4: It's all about risk to reward.
• 16:03
  Speaker 5: Like if I paid ten dollars for content, can I
• 16:06
  Speaker 5: get one hundred dollars out of it? It's really hard
• 16:08
  Speaker 5: to make up a three hundred million dollar movie fifteen
• 16:12
  Speaker 5: dollars or seven dollars at a time.
• 16:13
  Speaker 4: It's stamn near impossible to do. So.
• 16:16
  Speaker 3: Hollywood is a place where there is a tremendous amount
• 16:20
  Speaker 3: of waste. It's a bad business model. They waste money.
• 16:23
  Speaker 3: There's too many people with their hands in the pot,
• 16:26
  Speaker 3: they take too long, there's too many gatekeepers, and that's
• 16:31
  Speaker 3: what they don't strike now. Like technology is going to
• 16:34
  Speaker 3: replace job no matter how, no matter what they try
• 16:36
  Speaker 3: to do with the strike and try to put the
• 16:37
  Speaker 3: language in. You can't. You can't erase AI. It's here
• 16:40
  Speaker 3: to stay. So the whole idea of Hollywood is fading away.
• 16:46
  Speaker 3: It's actually it's a bad business model that's dying. And
• 16:51
  Speaker 3: the student they realize that the better off they'll be,
• 16:54
  Speaker 3: they're trying to save. They're trying to save the golden
• 16:56
  Speaker 3: age of Hollywood. It's over Lea through a weapon.
• 17:02
  Speaker 2: Movie.
• 17:02
  Speaker 3: It's no, I'm saying that that's never gonna happen like
• 17:05
  Speaker 3: those are.
• 17:07
  Speaker 2: It's over like they're trying to do it.
• 17:10
  Speaker 3: They trying to do. How much money they spent like something,
• 17:13
  Speaker 3: how much money they spend on Barbie? Huge that budget
• 17:16
  Speaker 3: is it's not passing the eye test? Did one fifty five?
• 17:19
  Speaker 3: They spent a billion. They spent a lot, a lot,
• 17:25
  Speaker 3: they spent a lot.
• 17:26
  Speaker 6: And if anybody's looking at Mattel, which owns Barbie, and
• 17:30
  Speaker 6: twenty percent of the revenue from Motel comes from Barbie's merchandising,
• 17:34
  Speaker 6: and may tease the stock just for you watch.
• 17:36
  Speaker 2: They spent a lot, they spend a lot.
• 17:38
  Speaker 3: I don't, I'm not.
• 17:40
  Speaker 4: I'm not.
• 17:40
  Speaker 3: I'm just a common sense person. I think they will.
• 17:45
  Speaker 5: Spend one fifty on marketing and they made one fifty
• 17:48
  Speaker 5: five first at least one fifty on marketing.
• 17:50
  Speaker 3: I think they spent more, but that's not that's not
• 17:52
  Speaker 3: even the actor. That's just domestic. That's just domestic. I
• 17:55
  Speaker 3: think they're losing money on it. That's my whole point.
• 17:57
  Speaker 3: We'll see, well, I don't know, I'm not one hundred.
• 17:59
  Speaker 6: But even if it as well, right, let's say it
• 18:01
  Speaker 6: does well, there's only been one billion dollar movie and
• 18:03
  Speaker 6: we can't even count that well, we can't count there's
• 18:05
  Speaker 6: only been one billion dollar movie.
• 18:07
  Speaker 2: This year for all the markets and all the movies.
• 18:09
  Speaker 2: You know what it is?
• 18:10
  Speaker 4: What's that?
• 18:11
  Speaker 2: You know?
• 18:12
  Speaker 3: Back the.
• 18:15
  Speaker 2: Mario Brothers.
• 18:16
  Speaker 6: Bro Mario Brothers is the only movie this year, but
• 18:19
  Speaker 6: they can count Avatar because it came out in December,
• 18:21
  Speaker 6: So Mary Brothers is the only one that's done a
• 18:23
  Speaker 6: billion dollars.
• 18:24
  Speaker 2: Even if this does, it doesn't. It's not a fair assessment.
• 18:28
  Speaker 6: Of what the movie situation looks like because it's one.
• 18:31
  Speaker 6: It's one out of how four or five movies comes
• 18:35
  Speaker 6: come out a week.
• 18:36
  Speaker 2: We don't go to see any of them. The model
• 18:38
  Speaker 2: is different.
• 18:39
  Speaker 6: Now they got thirty days to put it on, but
• 18:43
  Speaker 6: you brought up something with the Pat McAfee thing, because
• 18:46
  Speaker 6: Disney is losing money, right, and it's cost.
• 18:50
  Speaker 2: Him a lot of money.
• 18:51
  Speaker 6: There's a free agent out there that they keep saying
• 18:53
  Speaker 6: is coming to the network. Oh baby, what do you
• 18:56
  Speaker 6: think Shannon Sharper is worth.
• 18:59
  Speaker 4: The real number?
• 19:00
  Speaker 2: What's the what do you think the real number?
• 19:01
  Speaker 4: Right?
• 19:01
  Speaker 6: Because this toss Even Steve Mana says that, like, you know,
• 19:04
  Speaker 6: he wants to bring him to the show. If Pat
• 19:05
  Speaker 6: McAfee is five years eighty five million.
• 19:09
  Speaker 3: But Steven A. Smith got like twelve million, so under pay.
• 19:13
  Speaker 4: He's under paid.
• 19:14
  Speaker 2: Even he's under paid.
• 19:15
  Speaker 3: To work, like to work seven days a week, going
• 19:19
  Speaker 3: to Utah, going.
• 19:20
  Speaker 5: To for real, they got him do a little cross
• 19:23
  Speaker 5: games and shit, he's running around the running around the
• 19:26
  Speaker 5: globe for I am good Ya Jesus, somebody go Stephen A.
• 19:33
  Speaker 5: Smith on the show.
• 19:34
  Speaker 6: We ain't going back to so Lake now man So,
• 19:38
  Speaker 6: uh no, it's gonna be interested to see I'm interested
• 19:40
  Speaker 6: in seeing that, especially when you hear the CEO of
• 19:42
  Speaker 6: the company saying that, Yo, we're losing money. In fact,
• 19:46
  Speaker 6: we got to figure out how we're gonna get this
• 19:48
  Speaker 6: twenty seven billion to get Hulu because that's on the
• 19:51
  Speaker 6: ticket before the end of the year. Then we got
• 19:53
  Speaker 6: to figure out how we're going to pay flats to
• 19:54
  Speaker 6: seventy one million for the search flight deal.
• 19:57
  Speaker 3: I mean, like, where are we getting the money? Disney
• 20:00
  Speaker 3: plus too much, they got too much going on.
• 20:04
  Speaker 2: I think they're gonna combine Hulo and that was one
• 20:06
  Speaker 2: of the plans, he said.
• 20:07
  Speaker 4: And I don't know when what happened, and that's cut
• 20:09
  Speaker 4: you off. But I think one billion.
• 20:10
  Speaker 2: I'm sorry, seventy one billion, that million.
• 20:14
  Speaker 4: Jesus. And guess what.
• 20:16
  Speaker 5: Here's a model that I think would be really amazing.
• 20:20
  Speaker 5: Shoot a fifteen million dollar movie. Bring it to me.
• 20:24
  Speaker 5: I'll give you forty sixty percent of the revenue and
• 20:27
  Speaker 5: we keep forty. And if they incentivize mister Beast to
• 20:31
  Speaker 5: do it because he's doing these big ass productions, I
• 20:33
  Speaker 5: think YouTube can end up being one of the biggest
• 20:36
  Speaker 5: movie producers in the next ten years.
• 20:38
  Speaker 4: They have a batter. Here's their model.
• 20:40
  Speaker 5: I'll pay you after this shit works.
• 20:44
  Speaker 4: Not bad, good idea.
• 20:46
  Speaker 5: It's only a one percent chance of failure. The way
• 20:48
  Speaker 5: the Hollywood has been doing it. Any accountant will tell
• 20:51
  Speaker 5: you that that is an upside down business. Mind you're
• 20:53
  Speaker 5: running negative, like even if you had a string of
• 20:57
  Speaker 5: like now Marvel and the Rocket isn't working. I knew
• 21:00
  Speaker 5: the movie industry was in trouble when they started talking
• 21:03
  Speaker 5: bad about the Black Adam.
• 21:04
  Speaker 4: Flop and wanted to get the Rock out of DC.
• 21:07
  Speaker 5: I said, if he can't make their franchise work and
• 21:10
  Speaker 5: him a superman, are not getting it, not getting along.
• 21:13
  Speaker 4: It's over with.
• 21:14
  Speaker 5: Here's a novel, idea, build something that people want, monetize
• 21:20
  Speaker 5: it after or the creators. Put your own money up
• 21:23
  Speaker 5: and bring it up.
• 21:24
  Speaker 2: Actually, there's only a few franchises that work.
• 21:28
  Speaker 6: DC's it's a struggle that fast and furious that I
• 21:32
  Speaker 6: but it's just one franchise that.
• 21:34
  Speaker 2: They just keep doing over and over and over again.
• 21:36
  Speaker 2: People love it. But that's yeah, just make the product
• 21:39
  Speaker 2: and we'll pay you.
• 21:40
  Speaker 3: It's like success. Like the same thing will corporate is
• 21:43
  Speaker 3: the same thing with government. They're all stupid and they're
• 21:45
  Speaker 3: added touch, and they're all the only the only white men,
• 21:49
  Speaker 3: and it's a it's a small demographic of the society
• 21:51
  Speaker 3: that's making rules for everything and they're completely out of touch.
• 21:54
  Speaker 3: Rite the check for investmentest that's a perfect example. If
• 21:57
  Speaker 3: you I don't know why Investvest doesn't have ten million
• 22:01
  Speaker 3: dollars in corporate sponsorships because they're out of touch of
• 22:04
  Speaker 3: what's going on. You get twenty thousand people to come
• 22:07
  Speaker 3: to learn about financial literacy, what else in the world
• 22:09
  Speaker 3: has that actually ever happened? And we got to kind
• 22:11
  Speaker 3: of golden back and forth with pitch decks and because
• 22:14
  Speaker 3: they are out of touch when real mean and it's
• 22:17
  Speaker 3: controlled by a small minority of white men who don't
• 22:21
  Speaker 3: even know what earning leisure is. This is this is
• 22:23
  Speaker 3: what music. This is why the music sounds like it sounds,
• 22:26
  Speaker 3: this is why the content has produced how it is.
• 22:29
  Speaker 3: And it's the same thing over and over again. They're
• 22:32
  Speaker 3: wasting money and they don't know what's what's happening with
• 22:35
  Speaker 3: culture society, and they keep just striking out, and they
• 22:39
  Speaker 3: get afforded luxuries to keep striking out, and they get rehired.
• 22:43
  Speaker 3: They get fired from one company, and then they get
• 22:45
  Speaker 3: hired at another company. And it's a whole network of
• 22:47
  Speaker 3: nonsense and it's been happening forever.
• 22:52
  Speaker 6: Yeah, that was powered and he's accurate.
• 23:00
  Speaker 5: Anyone who thinks this is just as right when I say, hey,
• 23:02
  Speaker 5: we don't have twenty five productive companies, or like why
• 23:06
  Speaker 5: do you guys always talk about Apple and Microsoft because
• 23:10
  Speaker 5: Dura sell is not a great company, so sorry, Like
• 23:16
  Speaker 5: most of the companies that we love are not even here.
• 23:20
  Speaker 5: Samsung is not an American property, Like there's a real
• 23:24
  Speaker 5: we have so much inefficiency and like you said in
• 23:26
  Speaker 5: schooling bureaucracy, government corporate like like the bloat is too
• 23:33
  Speaker 5: much and then it's a slow erosion of our economy
• 23:36
  Speaker 5: as a result. But then the biggest companies could go
• 23:39
  Speaker 5: to other countries that they help build but won't help
• 23:41
  Speaker 5: build us here.
• 23:43
  Speaker 4: But what do I know if I made you money?
• 23:45
  Speaker 5: Please put yes and chat media businesses are in trouble.
• 23:49
  Speaker 2: Thank you, Charlie Man.