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Thriftmas | Paramount Wants Warner Bros. · The Bill Handel Show

• 0:00
  Speaker 1: You're listening to Bill Handle on demand from KFI AM
• 0:04
  Speaker 1: six fortyfi.
• 0:09
  Speaker 2: Bill Handle Here.
• 0:10
  Speaker 3: It is a Thursday, December eleven, as we are approaching
• 0:14
  Speaker 3: the end of the year. On Friday tomorrow at A thirty,
• 0:18
  Speaker 3: we engage in ask handle Anything, and that is how
• 0:21
  Speaker 3: we end the week A thirty to nine. And it
• 0:24
  Speaker 3: has to do with you helping us, because without you
• 0:27
  Speaker 3: that doesn't work. And ask handle Anything is all about
• 0:30
  Speaker 3: ask handle anything, and it's mainly meant to humiliate me
• 0:34
  Speaker 3: and you ask the question.
• 0:36
  Speaker 2: So here's how it works.
• 0:37
  Speaker 3: During the course of the show, I have to be
• 0:39
  Speaker 3: during the show, you click on to you or to
• 0:42
  Speaker 3: the iHeartRadio app, click on the microphone in the right
• 0:44
  Speaker 3: hand corner up right hand corner, and then first go
• 0:48
  Speaker 3: to the Bill Handle show iHeartRadio app Bill handleshow microphone
• 0:52
  Speaker 3: and then you'll record a question Do I have that right?
• 0:56
  Speaker 2: I think I do?
• 0:57
  Speaker 1: And they're listening to you. Then it's it'll automatically go
• 1:02
  Speaker 1: to us.
• 1:04
  Speaker 2: Oh yeah, okay, fair enough, don't have.
• 1:05
  Speaker 4: To look for Bill Handle, it's going to.
• 1:07
  Speaker 2: Okay, never mind.
• 1:08
  Speaker 3: Then just listening to KFI during the course of the show.
• 1:10
  Speaker 3: Thank you for that microphone in the upright hand corner
• 1:13
  Speaker 3: and you'll record a question of any kind and Neil
• 1:17
  Speaker 3: will select the questions most embarrassing to me, and we
• 1:20
  Speaker 3: do that at eight thirty tomorrow. But you got to
• 1:21
  Speaker 3: do it otherwise it's Neil making fun of me as always,
• 1:26
  Speaker 3: as well as the rest of the crowd. Okay, California fairs,
• 1:31
  Speaker 3: First of all, there are a little bit of history
• 1:33
  Speaker 3: to start with. There are seventy seven local fairs in
• 1:35
  Speaker 3: California and they go back well, the first one eighteen
• 1:40
  Speaker 3: fifty four near San Francisco. It was popular, so now
• 1:46
  Speaker 3: six years later eighteen sixty one, Humboldt County, San Diego,
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  Speaker 3: eighteen eighty, Orange County eighteen ninety La. One of the
• 1:55
  Speaker 3: later ones didn't happen until nineteen twenty two.
• 1:58
  Speaker 2: And I think the La.
• 1:59
  Speaker 3: County fairs the largest county fair anywhere out there. And
• 2:03
  Speaker 3: there were two things that came to town that everybody
• 2:06
  Speaker 3: got very excited with. One was the circus where you
• 2:09
  Speaker 3: remember the Bearded Lady, but that what was only in Glendale.
• 2:14
  Speaker 2: Then there was the county Fair.
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  Speaker 3: And the county Fair was the end all be all
• 2:21
  Speaker 3: where everybody got together and the animals and the rides
• 2:24
  Speaker 3: in the midway. Turns out that those fares are riddled
• 2:29
  Speaker 3: with corruption. And why is that? And there have been
• 2:32
  Speaker 3: some cases. I'm not even gonna go through them. There was,
• 2:36
  Speaker 3: I mean lawsuits. We're talking about the fair and Humboldt,
• 2:41
  Speaker 3: the former bookkeeper tried in federal court and ended up
• 2:45
  Speaker 3: pleading guilty to stealing four hundred and thirty thousand dollars.
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  Speaker 2: Here's the reason why fares are so.
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  Speaker 3: Easily corrupted because fares are locally owned. I mean a
• 2:57
  Speaker 3: bunch of farmers, a bunch of county people get aboard,
• 3:00
  Speaker 3: and they select folks to run the fair. It's very
• 3:04
  Speaker 3: locally owned and operated, which leaves it wide open for corruption.
• 3:08
  Speaker 3: For example, the security at a fair or the concessions.
• 3:14
  Speaker 3: You know, I'll you can sell the ice cream as
• 3:16
  Speaker 3: opposed to you over there if you give me a
• 3:19
  Speaker 3: couple thousand dollars a month. And that is rife with
• 3:22
  Speaker 3: what's that going on? And they've had so many problems.
• 3:26
  Speaker 3: I'll tell you the one that is my absolute favorite, and.
• 3:30
  Speaker 1: That is.
• 3:32
  Speaker 3: Here. It is last year, and you remember this story.
• 3:35
  Speaker 3: I think Amy will remember this because we covered this.
• 3:38
  Speaker 3: Shasta County agreed to pay three hundred thousand dollars to
• 3:41
  Speaker 3: settle a lawsuit brought by a nine year old girl
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  Speaker 3: and her family after the Sheriff's department seized her goat.
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  Speaker 3: She had raised the goat and it was a floppy eared,
• 3:55
  Speaker 3: brown and white guy known as Cedar. So there was
• 3:59
  Speaker 3: Cedar so cute, and she decided, you know what, I'm
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  Speaker 3: not going to watch my goat, Cedar be turned into meat.
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  Speaker 2: I want my goat back.
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  Speaker 3: Well, the fairs Agricultural Program, which sponsored the whole issue.
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  Speaker 2: After she changed her mind, the.
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  Speaker 3: Fair officials refused her to allow her refuse to allow
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  Speaker 3: her to back out, and they took Cedar. And what
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  Speaker 3: she did is she Cedar and her family went on
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  Speaker 3: the run.
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  Speaker 2: They went on the lamb or on the goat, and we're.
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  Speaker 3: Finally picked up by deputies and Cedar was brought back
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  Speaker 3: to the agricultural department and Cedar became goat beat and
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  Speaker 3: they settled for three hundred thousand dollars Shasta County, which
• 4:57
  Speaker 3: they should have and in a statement on love this
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  Speaker 3: of course, this is Gavin Newsom talking about county fairs,
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  Speaker 3: because the states actually do put money in these fares,
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  Speaker 3: even though the revenue from the fars to when the
• 5:11
  Speaker 3: fares come from overpriced food and ticket sales and concessions
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  Speaker 3: and what concessionaires pay, and so regarding the goat and
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  Speaker 3: the three hundred thousand dollars that was paid, a spokesperson
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  Speaker 3: for Governor Newsom said the state recognizes the challenges facing
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  Speaker 3: some of California's fairgrounds and takes concerns about governance, accountability,
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  Speaker 3: and goats. All right, he didn't put goats in there.
• 5:45
  Speaker 3: I would, but we take all of that very seriously.
• 5:48
  Speaker 3: Of course, they take that seriously, because every entity takes
• 5:52
  Speaker 3: it seriously. You can literally have a flight attendant on
• 5:57
  Speaker 3: a major carrier take out a change saw and take
• 6:01
  Speaker 3: off four people's heads in business class.
• 6:05
  Speaker 2: And you'll hear the airline going.
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  Speaker 3: We take the safety of our passengers very seriously, and
• 6:09
  Speaker 3: we made sure that the heads were put in plastic
• 6:12
  Speaker 3: bags so they wouldn't drip blood all over the airplane.
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  Speaker 2: I mean, it's just completely crazy.
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  Speaker 3: So on top of all this, a lot of fair
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  Speaker 3: grounds are in a state of disrepair, leaky roofs because
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  Speaker 3: there's really no governance here.
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  Speaker 2: There's no regulations. But county fairs are fun.
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  Speaker 3: I have been a few years, but I used to
• 6:34
  Speaker 3: love going to the La County.
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  Speaker 2: Fair and I would go to the commercial buildings.
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  Speaker 3: You know those buildings already set where you buy all
• 6:41
  Speaker 3: kinds of crazy stuff.
• 6:42
  Speaker 2: And I was.
• 6:43
  Speaker 3: I bought stuff that I didn't need. I mean, I
• 6:47
  Speaker 3: was a sucker. If you go to my house, you'll
• 6:49
  Speaker 3: see five or eight of stuff, things that I've never
• 6:54
  Speaker 3: bought my life, having bought four times five times.
• 6:57
  Speaker 4: I bought an embroidery machine.
• 7:00
  Speaker 2: Did you do you? But you use it right?
• 7:02
  Speaker 4: I do use it. I still have it to this day.
• 7:04
  Speaker 2: I love it. Yeah.
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  Speaker 3: I bought a pressure cooker for three hundred dollars that
• 7:08
  Speaker 3: I never used because it weighs fifty five pounds. And
• 7:13
  Speaker 3: I bought a that was three hundred dollars. I also
• 7:16
  Speaker 3: bought a two hundred and fifty dollars iron you know
• 7:19
  Speaker 3: the kind of you aren clothes that that was kind
• 7:22
  Speaker 3: of a stupid purchase. Now, some of the nicer ones
• 7:25
  Speaker 3: in my mind because they're cheaper. You know how you
• 7:28
  Speaker 3: make sushi and they have that roll up bamboo thing, Yeah,
• 7:32
  Speaker 3: you roll it up and.
• 7:33
  Speaker 2: You cut it.
• 7:34
  Speaker 3: I've got five of those and I've never used because
• 7:37
  Speaker 3: I always forget what I have bought.
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  Speaker 4: But you've never made sushi with one of them.
• 7:43
  Speaker 2: No, it's not hard.
• 7:45
  Speaker 4: You should try it. It's all in the case, baby.
• 7:49
  Speaker 2: Yeah.
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  Speaker 3: Oh, it's all on the sticky rice, isn't it. It's
• 7:52
  Speaker 3: but you have to have this. You have to have
• 7:53
  Speaker 3: the sticky rice. Okay, we're done with that. A story
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  Speaker 3: I want to share with you about mountain lions here
• 8:00
  Speaker 3: in southern California and all up through California, northern California. Also,
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  Speaker 3: the California Department of Fish and Wildlife has recommended granting
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  Speaker 3: threatened species status whenever you hear about a threatened or
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  Speaker 3: about to be extinct, or a species is in trouble,
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  Speaker 3: that is a governmental agency that makes that call.
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  Speaker 2: And there are various levels.
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  Speaker 3: Not only various levels, you've got state and you also
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  Speaker 3: have federal protection of animals. For example, probably the most
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  Speaker 3: protected bird we have in the United States eagles. Bald
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  Speaker 3: eagles are national bird and you know you can't get
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  Speaker 3: near him. I don't know if you've ever tasted breast
• 8:43
  Speaker 3: of bald eagle. It's actually pretty tasty, but you can't.
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  Speaker 3: I just can't do it anymore. So that is federally protected. Well,
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  Speaker 3: in California, the mountain lions, and we have an indigenous
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  Speaker 3: mountain lion population.
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  Speaker 2: Is about to be named a threatened species.
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  Speaker 3: And why well, because you have threats freeways, rat poison
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  Speaker 3: which is killing a lot of animals. You have the wildfires,
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  Speaker 3: and that deals with habitats. And so it's not the
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  Speaker 3: final say, by the way, it just sets up the possibility,
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  Speaker 3: but it will happen that under the California Endangered Species Act,
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  Speaker 3: mountain lions are going to be added to that list.
• 9:32
  Speaker 3: And mountain lions. Two things that are going on with
• 9:35
  Speaker 3: mountain lions. Thing number one is that mountain lions are
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  Speaker 3: simply decreasing in population because of what we're talking about.
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  Speaker 3: I don't know if you've ever seen a mountain lion.
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  Speaker 3: They are absolutely magnificent animals. They're in the wild, you know, people,
• 9:52
  Speaker 3: if you do see them, they're incredible. Unless they're eating
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  Speaker 3: your toddler. Then you don't feel quite as good about
• 9:58
  Speaker 3: mountain lions and you have to be a little careful.
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  Speaker 3: But they're very different bobcats, cougars. Those are small but
• 10:06
  Speaker 3: the size of a medium sized dog. And when I
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  Speaker 3: was building the Persian Palace, I ran into a couple
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  Speaker 3: of them, and so those are kind of neat.
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  Speaker 2: They don't eat people.
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  Speaker 3: Mountain lions do. So issue number one is they are
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  Speaker 3: literally the population is decreasing like crazy because of the
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  Speaker 3: what I told you. The other problem with mountain lions
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  Speaker 3: is they have these clans. Is what they call groups
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  Speaker 3: of mountain lions. I love doing that. You know, there's
• 10:38
  Speaker 3: a herd of rhino, there's a murder of crows, a
• 10:42
  Speaker 3: pod of whales.
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  Speaker 2: Do you know what a group of owls are?
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  Speaker 3: You know what they call a group of owls and
• 10:53
  Speaker 3: austin a parliament of owls.
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  Speaker 2: I mean, it's kind of neat.
• 11:00
  Speaker 4: What is that for peacocks? An ostentation?
• 11:04
  Speaker 3: No, yeah, peacocks are an ostentation of peacocks. Yeah. There's
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  Speaker 3: also a bank of jews.
• 11:13
  Speaker 2: Is what the is?
• 11:14
  Speaker 3: What?
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  Speaker 4: No?
• 11:16
  Speaker 1: No, no, they sound funny, but no, oh okay.
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  Speaker 3: In any case, because these clans are separated and they
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  Speaker 3: don't intermingle, what's happening is there's a lot of inbreeding
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  Speaker 3: involved and it is really hurting. There's now a one
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  Speaker 3: and four chance that the inbreeding of these lions within
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  Speaker 3: these clans are causing kink tails. I don't know what
• 11:42
  Speaker 3: that looks like, but malform malform sperm. And even with
• 11:47
  Speaker 3: this inbreeding mountain lions, if they don't ter, I don't
• 11:53
  Speaker 3: get married, if.
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  Speaker 2: They don't inter inter clan mating, Is that the way
• 11:59
  Speaker 2: I put it.
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  Speaker 3: Yeah, If they don't mate across these clans, these groups,
• 12:03
  Speaker 3: the experts are saying they could literally become extinct in
• 12:06
  Speaker 3: Santa Monica and the Santa Ana Mountains within fifty years.
• 12:11
  Speaker 3: California has about forty one hundred mountain lions. Now, some
• 12:17
  Speaker 3: of those populations are really healthy. You go to north
• 12:20
  Speaker 3: West coastal forests, hail hardy, you know, eating kids with
• 12:24
  Speaker 3: complete impunity, just enjoying themselves down here.
• 12:29
  Speaker 2: Not so much down here.
• 12:32
  Speaker 3: Because of the separation of these clans, there is that inbreeding.
• 12:37
  Speaker 2: So there they're rushing to do this.
• 12:39
  Speaker 3: The California Department of the Endangered Specie under the Indangered
• 12:45
  Speaker 3: Specie Act, and it's the California Department of Fish and Wildlife.
• 12:49
  Speaker 3: And then there are certain animals and it gets really crazy.
• 12:52
  Speaker 3: I remember the snail darterer. The snail darter was this
• 12:55
  Speaker 3: little tiny fish and it was deemed to become extinct.
• 13:02
  Speaker 3: That's what the scientist said, and they stopped the building
• 13:06
  Speaker 3: of a three hundred million dollar dam. A lawsuit was
• 13:11
  Speaker 3: filed and the dam was just shut halfway through.
• 13:16
  Speaker 2: The money was gone finished.
• 13:19
  Speaker 3: Okay, a few years later, you have a bunch of
• 13:22
  Speaker 3: hikers that are going through the area with the dam,
• 13:25
  Speaker 3: and they go across a little tributary. There were so
• 13:28
  Speaker 3: many snail darters in there. They had to walk across you.
• 13:31
  Speaker 3: You had to jump over this little creek because you'd
• 13:34
  Speaker 3: fall into a group, this huge group of snail darters.
• 13:37
  Speaker 3: They aren't extinct. And who cares about a snail darter.
• 13:40
  Speaker 3: It's this little fish that you can't even eat. It's
• 13:44
  Speaker 3: not even a sardine. See, I don't believe that all
• 13:48
  Speaker 3: animals are sacri saying, God put all animals on this earth. Cockroaches, mosquitoes, Yeah,
• 13:56
  Speaker 3: that's something we want to house.
• 13:57
  Speaker 2: I'm sorry.
• 13:58
  Speaker 3: They have their purposes, Yeah, to harass us, to make
• 14:02
  Speaker 3: life miserable for human beings.
• 14:03
  Speaker 2: That's correct.
• 14:04
  Speaker 1: But that's how you know that humans weren't alive during
• 14:07
  Speaker 1: the time of dinosaurs, because we would have tried to
• 14:09
  Speaker 1: save them.
• 14:11
  Speaker 2: That's probably true. It's a good point. And then the.
• 14:15
  Speaker 4: Excuse me, and then they would have eaten us all.
• 14:18
  Speaker 2: Yes, the mosquitoes, the dinosaurs.
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  Speaker 3: Oh not necessarily, not all of them, Okay, because there
• 14:25
  Speaker 3: were some small ones they probably so it took a
• 14:27
  Speaker 3: lot of them to eat you.
• 14:28
  Speaker 2: That's correct. Okay. Now thriftness, what the hell is thriftness?
• 14:33
  Speaker 3: Where there's Christmas and their thriftness, And I'll tell you
• 14:37
  Speaker 3: what a thing is going on.
• 14:38
  Speaker 2: I mean it is a thing.
• 14:39
  Speaker 3: More and more shoppers are buying new and I love
• 14:43
  Speaker 3: this phrase gently used.
• 14:48
  Speaker 2: That's used.
• 14:49
  Speaker 3: Okay, that's basically used, thank you very much. And they're
• 14:52
  Speaker 3: going to thrift stores. And for two reasons. One it's thrifty,
• 14:58
  Speaker 3: the other one is I I guess it's environmentally conscious.
• 15:02
  Speaker 3: People realize they can recycle something.
• 15:04
  Speaker 2: That's fine.
• 15:05
  Speaker 3: But in the meantime it's you can find some real
• 15:09
  Speaker 3: good deals. Now I have gone very very leary of going,
• 15:14
  Speaker 3: but I have gone to thrift stores and looked for
• 15:18
  Speaker 3: Hawaiian shirts and the La County Fair I had a
• 15:22
  Speaker 3: booth with a guy who actually collected and sold the
• 15:27
  Speaker 3: original Hawaiian shirts. I mean, we're going back twenty five
• 15:32
  Speaker 3: thirty years and there's nothing like wearing a shirt that's
• 15:34
  Speaker 3: twenty five thirty years old, of which I have many
• 15:36
  Speaker 3: of them.
• 15:37
  Speaker 2: So Neil do you ever thrift it up and go
• 15:41
  Speaker 2: to thrift stores.
• 15:42
  Speaker 1: I've never done it for gifts unless it is, you know,
• 15:45
  Speaker 1: an antique or a collectible or something. But I love
• 15:49
  Speaker 1: thrift stores did through my entire My mom loved me because,
• 15:53
  Speaker 1: you know, being a little punk rocker, I didn't want
• 15:56
  Speaker 1: off the rock stuff. We went to thrift stores as
• 15:59
  Speaker 1: a kid, and that's where I got the vast majority
• 16:02
  Speaker 1: of my clothes.
• 16:03
  Speaker 2: Well that's because you were poor, Well.
• 16:05
  Speaker 3: We were, but okay, then that's why, Okay, we I
• 16:08
  Speaker 3: mean they can try, they can dress it up as
• 16:10
  Speaker 3: much as they want, Yeah, but rather it's because you
• 16:13
  Speaker 3: were poor to do that.
• 16:14
  Speaker 4: And I still to this day love thrifting.
• 16:16
  Speaker 3: Yeah, but not because you're poor. See there's a difference.
• 16:18
  Speaker 3: There's poor thrift and then there's I.
• 16:20
  Speaker 1: Think where there's I don't like being disposable, and it
• 16:24
  Speaker 1: doesn't mean that I don't dispose of things, but if
• 16:27
  Speaker 1: I can help it, or I could refurbish something that's
• 16:31
  Speaker 1: old and probably more well made than I'd rather do that.
• 16:36
  Speaker 3: Okay, Cono, it's because you don't have any money, right,
• 16:39
  Speaker 3: do you shop at thrift stores?
• 16:42
  Speaker 2: Yeah? Okay, Amy, do you shop at thrift doors. Not really, Okay,
• 16:47
  Speaker 2: I don't either. Before Yeah, it's a used clothes. I mean,
• 16:51
  Speaker 2: you don't know if people did in those clothes. I
• 16:53
  Speaker 2: mean it's just kind of disgusting.
• 16:57
  Speaker 4: The Goodwill in Beverly Hills is pretty spectacular.
• 17:00
  Speaker 3: Yeah, I'll bet, I'll bet because you you probably.
• 17:03
  Speaker 2: Get a lot of designer stuff for very little money.
• 17:07
  Speaker 2: Will uh do you?
• 17:09
  Speaker 3: Uh?
• 17:10
  Speaker 2: First of all, don't you find clothes that are hard
• 17:12
  Speaker 2: to fit?
• 17:14
  Speaker 1: Wow?
• 17:15
  Speaker 2: Amy? Oh see, No, I do go to thrift stores.
• 17:19
  Speaker 2: You go, you go to like out of the closet
• 17:20
  Speaker 2: West Hollywood. People work things like once or twice and
• 17:23
  Speaker 2: then donate them.
• 17:25
  Speaker 3: Well, you can get a lot of bulls we West Hollywood.
• 17:28
  Speaker 3: You can get a lot of bowls uh and uh
• 17:32
  Speaker 3: and a lot of slippers that look like white little dogs,
• 17:34
  Speaker 3: those puffy dogs.
• 17:36
  Speaker 2: You get a lot of those. Yeah.
• 17:40
  Speaker 3: Oh and thrift stores in your life.
• 17:45
  Speaker 2: No, but I'm with Neil. I used to do them. Yeah,
• 17:47
  Speaker 2: when I was younger, when I was a teenager. There
• 17:49
  Speaker 2: are some cool vintage thrift stores that you can get.
• 17:51
  Speaker 3: It's almost like a Stavenger hunt. I know people do.
• 17:54
  Speaker 3: I mean they go around. I mean, I know people
• 17:56
  Speaker 3: make a living doing this. You know, buying and selling.
• 17:59
  Speaker 3: But I'm talking about as a hobby. People go around
• 18:01
  Speaker 3: like a state sales, right yard sales, which they call
• 18:05
  Speaker 3: a state sales.
• 18:06
  Speaker 2: You ever see a science as a state sales? Who
• 18:07
  Speaker 2: are you kidding?
• 18:08
  Speaker 3: It's a yard sale and I can't hear you neil
• 18:12
  Speaker 3: the estate sale.
• 18:13
  Speaker 1: It means they don't want to bring it out to
• 18:15
  Speaker 1: the front yard. You have to go in the house
• 18:17
  Speaker 1: and look at it.
• 18:18
  Speaker 3: Yeah, yeah, I'm want of some stuff at a state sales.
• 18:21
  Speaker 3: That's me driving down and seeing a bunch of stuff.
• 18:24
  Speaker 3: What I normally call estate sales or yard sales are
• 18:28
  Speaker 3: garbage sales where you've got to go out and you
• 18:32
  Speaker 3: get these dressers that have three legs on them.
• 18:34
  Speaker 2: It's really good stuff.
• 18:35
  Speaker 3: But anyway, it's becoming more and more thriftless. Buying in
• 18:40
  Speaker 3: thrift stores is actually booming in a big way, and
• 18:44
  Speaker 3: not just because the economy, because money is tighter than
• 18:47
  Speaker 3: it has been in a long time, and because you
• 18:49
  Speaker 3: can actually get pretty good quality, in many cases better
• 18:52
  Speaker 3: quality than things built today. I have a microwave oven
• 18:58
  Speaker 3: that I still have that was given to me my
• 19:03
  Speaker 3: as a wedding gift in nineteen twenty first wedding nineteen
• 19:09
  Speaker 3: eighty eight and it still works beautifully.
• 19:15
  Speaker 2: Thank you for that, Neil. It's all stainless steel.
• 19:19
  Speaker 3: Now, getting parts for it are kind of difficult because
• 19:22
  Speaker 3: this thing is forty years old. But they're out there.
• 19:24
  Speaker 3: You just have to find them and tell me today.
• 19:27
  Speaker 3: If you can buy a microwave, it'll last you forty years.
• 19:31
  Speaker 4: Can't buy anything that will lasts you for forty years.
• 19:34
  Speaker 2: You can't buy a person that will last you forty years.
• 19:36
  Speaker 1: Actually no, we're living longer than before, but our appliances aren't.
• 19:42
  Speaker 3: Got it all right, big doings in the world of
• 19:46
  Speaker 3: entertainment because as we all know, Netflix offered to sell
• 19:52
  Speaker 3: and look like it was accepted a bid Warner Brothers Discovery.
• 19:58
  Speaker 3: And this company is the stone's throw from our studio.
• 20:03
  Speaker 3: It's right there on Olive and you go down the
• 20:06
  Speaker 3: street and there's Warner Brothers, a big tower and it
• 20:09
  Speaker 3: is iconic in terms of the world of films now
• 20:13
  Speaker 3: because you ever ever imagine when streaming service first came out,
• 20:18
  Speaker 3: Netflix first came out with you remember the the renting
• 20:22
  Speaker 3: of the CDs or was that yeah, I think it
• 20:26
  Speaker 3: was the CD or CDC's or the sdufs anyway, that
• 20:31
  Speaker 3: that would one day, that that company would one day
• 20:35
  Speaker 3: be able to buy Warner Brothers.
• 20:37
  Speaker 2: And it's become this giant.
• 20:39
  Speaker 1: I mean, just do you know how crazy it is,
• 20:42
  Speaker 1: Bill that they tried to sell Netflix tried to go
• 20:46
  Speaker 1: to Blockbuster at the time and sell their company for
• 20:50
  Speaker 1: like fifty million dollars or something, and we're laughed, not
• 20:54
  Speaker 1: even turned down, but laughed out of the boardroom, just like.
• 20:59
  Speaker 4: You know, there's no way. And now they don't even exist.
• 21:02
  Speaker 2: Yeah, you know, I think there's one left, one left
• 21:05
  Speaker 2: up in Seattle.
• 21:06
  Speaker 3: It has become a tourist attraction, not because it rents
• 21:10
  Speaker 3: anything allergy, by the by the merchandise there, it's for
• 21:13
  Speaker 3: merch anyway. So Netflix, it's agreed that Netflix is buying
• 21:19
  Speaker 3: Warner Brothers. However, Paramount, led by Ellison, David Elison, Larry
• 21:25
  Speaker 3: Ellison's son, also wanted and is coming in and they
• 21:30
  Speaker 3: were in a war, and is now coming in and saying, Okay,
• 21:33
  Speaker 3: let's undo your purchase to Netflix and will buy you,
• 21:40
  Speaker 3: but we'll buy you for more money than what Netflix offered.
• 21:44
  Speaker 3: And now it gets really complicated because if the board
• 21:48
  Speaker 3: of directors already said yes to Netflix, Paramount comes in
• 21:54
  Speaker 3: and says, but we want to buy it before any
• 21:56
  Speaker 3: of that is finished. And that's called a hostile takeover.
• 22:00
  Speaker 3: It is against the wishes of the board of directors.
• 22:05
  Speaker 3: So the board, let's say, has agreed to and wants
• 22:08
  Speaker 3: to sell the Netflix Paramount is now out of the picture.
• 22:11
  Speaker 3: They go, oh, no, no, We're going to go in
• 22:12
  Speaker 3: and we are going to offer more money. But wait
• 22:15
  Speaker 3: to make the board already say no, who do they
• 22:17
  Speaker 3: offer the money to? Directly to the shareholders. They literally
• 22:22
  Speaker 3: take out huge ads in the Wall Street Journal, The Times,
• 22:26
  Speaker 3: the New York Times, the LA Times, send out letters
• 22:29
  Speaker 3: and say we want to sell your stock and you
• 22:33
  Speaker 3: will get thirty percent more cash. Will buy it right
• 22:37
  Speaker 3: now for cash, you don't have to worry about stocking
• 22:39
  Speaker 3: Netflix plus the cash deal. And that's what's going on
• 22:43
  Speaker 3: right now. So why is it being done well? Because
• 22:46
  Speaker 3: on top of all that, you have the Feds. The
• 22:49
  Speaker 3: Department of Justice oversees the Serman Anti Trust Act, and
• 22:54
  Speaker 3: the argument is, will that will the new company, Paramount
• 22:59
  Speaker 3: plus Warner brother be so big that it violates the
• 23:02
  Speaker 3: antitrust rules? And that's the Department of Justice. Now who
• 23:07
  Speaker 3: runs the Department of Justice. Well, theoretically, Pam Bondi does,
• 23:12
  Speaker 3: but she reports to the president. The President will probably
• 23:17
  Speaker 3: make the decision of whether or not this should go. Now,
• 23:21
  Speaker 3: the president's son or son in law, Jared Kushner, happens
• 23:26
  Speaker 3: to be part of the financial group that is in
• 23:28
  Speaker 3: Paramount buying Warner Brothers.
• 23:33
  Speaker 2: Wait a minute, isn't that a conflict?
• 23:36
  Speaker 3: Hell, yes, that's a conflict, of course. I mean, this
• 23:43
  Speaker 3: administration is conflicted up to its eyeballs. You know, this
• 23:47
  Speaker 3: is the only presidency that has not put that. Donald
• 23:50
  Speaker 3: Trump did not put his assets into a blind trust.
• 23:54
  Speaker 2: Every other president does.
• 23:55
  Speaker 3: He just said, I'm letting my children run this and
• 23:58
  Speaker 3: I've got nothing to do with it.
• 24:00
  Speaker 2: Okay.
• 24:01
  Speaker 3: In the meantime, he will decide whether or not the
• 24:06
  Speaker 3: Netflix deal is a violation of the antitrust, but the
• 24:11
  Speaker 3: Paramount deal will not.
• 24:12
  Speaker 2: Be, mind you. That's what's going on. We'll talk more
• 24:17
  Speaker 2: about that coming up.
• 24:18
  Speaker 3: All right, KF I am sixty. You've been listening to
• 24:21
  Speaker 3: the Bill Handle Show. Catch My Show Monday through Friday
• 24:24
  Speaker 3: six am to nine am, and anytime on demand on
• 24:28
  Speaker 3: the iHeartRadio app.