Latest / Earn Your Leisure / EYL #1 Why shoot the breeze about it, when you can be about it.

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EYL #1 Why shoot the breeze about it, when you can be about it. · Earn Your Leisure

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1:19
Speaker 2: Jay, Welcome to the Earn Your Leasure Podcasts. I want
1:24
Speaker 2: to give a quick background story of how this all
1:26
Speaker 2: got started. So first off, my name is Rashad Balau.
1:28
Speaker 2: For anybody that doesn't know me, but my partner Troy Millings.
1:32
Speaker 2: So anybody that's been following me for the last year
1:37
Speaker 2: and a half on Instagram. You know, I post content
1:39
Speaker 2: about different financial topics, but I kind of take a
1:43
Speaker 2: different approach to it. You know, I talk about you know,
1:46
Speaker 2: sports and entertainment, kind of the backstories that a lot
1:49
Speaker 2: of times people aren't familiar with them may not know,
1:52
Speaker 2: and also different you know, business models and different businesses
1:55
Speaker 2: and investments and stuff like that. So Instagram has a
1:59
Speaker 2: format where you only put up one minute video. So
2:01
Speaker 2: a lot of people was asking me, you know, when
2:03
Speaker 2: am I going to do a podcast or you know,
2:06
Speaker 2: they want an extended version of the conversation. So I
2:10
Speaker 2: thought that it would be a great idea to have
2:13
Speaker 2: this podcast. And then when I was thinking about the podcast,
2:15
Speaker 2: you know, I wanted to have a partner, and my partner, Troy,
2:21
Speaker 2: I thought would be a perfect pick because he's actually
2:24
Speaker 2: somebody that you may not be familiar with if you
2:27
Speaker 2: follow my Instagram, or you may be familiar with. But
2:30
Speaker 2: so I teach a financial literacy class to kids, and
2:34
Speaker 2: he's the one that actually got me involved with that.
2:36
Speaker 2: I actually teach his classes, his class that I teach,
2:38
Speaker 2: and also a lot of the stuff that I post
2:41
Speaker 2: on Instagram comes from conversations that me and him have
2:47
Speaker 2: and has been having for a very long time. We
2:50
Speaker 2: always have conversations about a lot of different stuff, So
2:53
Speaker 2: I wanted to, you know, share our conversations to the
2:57
Speaker 2: world and have it a on a on a scale,
3:00
Speaker 2: so it's not just me and him in his living
3:02
Speaker 2: room anymore. Yeah, it's put an internet to his So
3:05
Speaker 2: that's kind of backstory. So Troy, you want to give
3:07
Speaker 2: your perspective on it.
3:08
Speaker 3: Yeah, I mean pretty much what Rashad is saying is
3:12
Speaker 3: one hundred percent accurate. We've we've had conversations for so
3:15
Speaker 3: many years, I think over twenty years of conversations, and
3:18
Speaker 3: over the past few years, we've seen some of those
3:20
Speaker 3: conversations turn into realities.
3:22
Speaker 4: And it was like we.
3:24
Speaker 3: Thought the conversations that we were having were almost commonplace.
3:28
Speaker 3: And what we started to notice is that these conversations
3:31
Speaker 3: aren't happening, especially in.
3:32
Speaker 4: Our community and the communities throughout the country.
3:37
Speaker 3: And that was evident when we saw the content that
3:40
Speaker 3: you were putting up on your page, and it was
3:42
Speaker 3: the feedback was just so amazing, like, thank you so
3:44
Speaker 3: much for the education, and I never knew that, and
3:47
Speaker 3: we started looking at ourselves like, wait, they didn't know that.
3:50
Speaker 3: I thought people knew that, So there was definitely a
3:54
Speaker 3: need there. And Earn your Legion podcast is now live.
3:58
Speaker 2: Oh we got talk about the name to earn your
3:59
Speaker 2: leaders anybody that follows me. That's like my hashtag that
4:02
Speaker 2: I've been using for a while, earning your Lesia. And
4:04
Speaker 2: Troy actually came up with that hashtag that he thought
4:06
Speaker 2: that that was a good hash I was trying to
4:08
Speaker 2: think of something to come up with, and he thought
4:10
Speaker 2: that that was perfect as far as earning your Lesia.
4:12
Speaker 3: Yeah, man, that that Let's give him the whole story, right,
4:15
Speaker 3: Like so like the conversation that we said, like that
4:17
Speaker 3: just happened. From that conversation, it was like you had
4:21
Speaker 3: just started that. Listen, I have an avenue now through Instagram.
4:26
Speaker 4: Let's take them even further back. Let's take it because
4:29
Speaker 4: part of.
4:29
Speaker 3: The reason I was like, that's a great idea is
4:32
Speaker 3: because people miss the hard work that goes prior to
4:34
Speaker 3: this this moment right here. So we've been in that
4:37
Speaker 3: classroom in the summers from our program and we'll talk
4:40
Speaker 3: about the program later on, but for eight years now,
4:43
Speaker 3: maybe nine years, right, we've been in that classroom and
4:46
Speaker 3: The original thought was, Hey, I know that finance is
4:49
Speaker 3: something that.
4:51
Speaker 4: Is not being taught in.
4:52
Speaker 3: School, and I knew that you are a financial advisor
4:56
Speaker 3: obviously as my best friend, we knew that that too.
5:00
Speaker 3: We should link those two things, right, Like, you teach finance,
5:03
Speaker 3: I'm an educator. Let's link it to and at first.
5:06
Speaker 3: And I think you put that into folks, and I
5:07
Speaker 3: thought that was really honest with you. It was like,
5:09
Speaker 3: it's not the easiest thing to do. I think people
5:12
Speaker 3: under depression. Like if I teach, if I teach kids
5:15
Speaker 3: and I can teach anybody, or if I've never taught
5:18
Speaker 3: kids before, I can get in the classroom.
5:20
Speaker 4: And do it. And you were very honest about that.
5:22
Speaker 3: It was like, you know, this is difficult, like this
5:24
Speaker 3: is not for me, but to your credit, man, you
5:26
Speaker 3: stuck with it, and now you can see that the
5:30
Speaker 3: education that you're giving to these kids is something that
5:33
Speaker 3: they're going to take with them for a long time.
5:35
Speaker 3: And now the world gets to see it on Instagram
5:38
Speaker 3: like some of the word we've been doing. But it's
5:39
Speaker 3: been eight years and that's how your leisure comes comes about.
5:44
Speaker 2: For sure, for sure. So that's where we're at right now.
5:46
Speaker 2: To Earn Your Leisure podcasts, And like I said, before
5:49
Speaker 2: we go into it, the Earn Your Leasure podcast will
5:51
Speaker 2: be giving you behind the scenes look at financial deals
5:56
Speaker 2: and the entertainment, sports business, different fields, and you know,
6:00
Speaker 2: we're going to try to make it exciting. A lot
6:02
Speaker 2: of times people have an idea of business that is
6:04
Speaker 2: boring or over the head. It's not either one. So
6:07
Speaker 2: that's kind of, you know, the reason why we wanted
6:09
Speaker 2: to start this, you know, to kind of bring it
6:12
Speaker 2: to light and make it fun and make it understandable
6:15
Speaker 2: and make it relatable. So yeah, so let's jump right
6:19
Speaker 2: into it, jump right into it. So you know, I
6:22
Speaker 2: took notes. I took notes. I'm prepared. So we're gonna
6:27
Speaker 2: start with the music industry because both of us are
6:30
Speaker 2: huge fans.
6:31
Speaker 3: I think the music raises us, I would say, right, Like,
6:34
Speaker 3: I think we used to get into debates about did
6:36
Speaker 3: we learn more from the music did we learn more
6:38
Speaker 3: from school? And I mean i'd say it's equal, right,
6:41
Speaker 3: Like some of the lessons that we learned from listening
6:43
Speaker 3: to Nas and Jay and Big to a certain extent,
6:48
Speaker 3: we still apply those lessons today. So one of the
6:52
Speaker 3: things that I heard from one of my favorite albums.
6:55
Speaker 3: Jay Z's last four or four album was you do
6:58
Speaker 3: still signing deals still? After all they done stole for real,
7:01
Speaker 3: after what they did to all Laurence Hill, And I realized, like,
7:04
Speaker 3: certain generations don't even know who Lauren Hill is, right, Like,
7:07
Speaker 3: so Miseducation of Lauryn Hill comes out in nineteen eight
7:10
Speaker 3: ninety eight. We got kids now who are nineteen who
7:13
Speaker 3: aren't even born, right, so they just know Lauryn Hill
7:15
Speaker 3: as the woman who kind of dresses funny in their opinion.
7:19
Speaker 4: But there was some major things that happened with her.
7:21
Speaker 3: And on your page, I saw that, you know, some
7:24
Speaker 3: people were wondering, like, hey, what's a What's what's up
7:28
Speaker 3: with these record deals?
7:28
Speaker 4: What's a three sixty deal? What does that even mean?
7:31
Speaker 4: So we're gonna give a fresh poch on what that
7:33
Speaker 4: is and how that looks.
7:35
Speaker 2: Yeah. So yeah, so when Jay, when Jay said that,
7:38
Speaker 2: y'all still signing deals for real? So one of the
7:42
Speaker 2: things he was losing too was the three sixty deal,
7:43
Speaker 2: right right, So, like you said at a lot of
7:45
Speaker 2: people have been asking me to make a video about
7:47
Speaker 2: the three sixty deal, but I just didn't want to
7:48
Speaker 2: make a you know a one minute clip about it.
7:51
Speaker 2: I wanted to kind of go into depth about what
7:53
Speaker 2: the three sixty deal really is because obviously a lot
7:56
Speaker 2: of people have aspirations of being in the music business
8:00
Speaker 2: that they want to be producers, artists, singers, whatever. So
8:04
Speaker 2: it's important for them to have the business knowledge, not
8:07
Speaker 2: just you know, how to wrap, how to write a song,
8:10
Speaker 2: or how to shoot a video. You know, there's a
8:11
Speaker 2: lot of stuff that goes in behind the scenes that
8:13
Speaker 2: a lot of time people aren't familiar with. So three
8:16
Speaker 2: sixty deal, three sixty deal, you want you want to
8:18
Speaker 2: start this off or you want me to start it.
8:20
Speaker 4: Off, so we can. I'll start it.
8:22
Speaker 3: So three sixty deal is something that came about in
8:26
Speaker 3: the early two thousands. Record companies started to realize that
8:30
Speaker 3: they were losing revenue because of illegal downloads. Right, so
8:35
Speaker 3: people weren't buying albums because we could just get it
8:37
Speaker 3: off of I guess napster at that point in LimeWire.
8:41
Speaker 3: So record companies were like, hey, we're losing money. We
8:43
Speaker 3: have to figure out a way to earn this money.
8:45
Speaker 2: Sean Parker, we got to acknowledge for a legend, we can't,
8:50
Speaker 2: we can't. We can't just take that lately. Sean Parker
8:53
Speaker 2: changed the game. Absolutely, change the world.
8:55
Speaker 4: Absolutely.
8:56
Speaker 2: Anybody not familiar with Sean Parker, he's the guy behind Napster.
9:00
Speaker 2: Twice you changed the world with Facebook also, absolutely, But Napster,
9:05
Speaker 2: they were they the first ones to start ripping music.
9:08
Speaker 4: I believe, so, man, I believe so.
9:10
Speaker 3: Like in the late nineties, late nineties, I believe Napster
9:15
Speaker 3: comes about. And when we found out about that, it was.
9:18
Speaker 2: So before Napster, everybody was buying CDs. Go to you
9:21
Speaker 2: go to Sam Goodie, you go to your local record
9:23
Speaker 2: store and you buy a CD.
9:24
Speaker 3: Let's go down a list of those stores that you're
9:26
Speaker 3: talking about that don't exist, Sam Goodies, cocon Nuts.
9:31
Speaker 2: For your entertainment, I forgot.
9:34
Speaker 3: For your entertainment, a bunch of these these these warehouses
9:39
Speaker 3: that would sell music that don't exist anymore.
9:44
Speaker 2: Okay, So all right, so Napster comes along. What exactly
9:50
Speaker 2: the naps to do?
9:51
Speaker 4: Again? So?
9:52
Speaker 3: Uh, Napster he figured out a way to get music
9:56
Speaker 3: illegally and stream it through the internet.
10:00
Speaker 2: So you could you could you could just get it
10:03
Speaker 2: from NAP's website.
10:04
Speaker 3: Right so well, for free, for free, So that that
10:06
Speaker 3: was the first time we started getting music from.
10:08
Speaker 2: So that that actually was the first stream right right
10:12
Speaker 2: as we know it today, right because he was taking
10:14
Speaker 2: the music and putting it on his website, and then
10:18
Speaker 2: from the website you can take it.
10:20
Speaker 3: So it was a listen a data file of just files, right,
10:24
Speaker 3: And that was the first time it was like direct
10:26
Speaker 3: to consumer. Right, So now I didn't have to go
10:29
Speaker 3: to the store to buy the cassette tape, which doesn't exist.
10:33
Speaker 3: I didn't have to go to start to get the CD.
10:35
Speaker 3: I'm getting it directly in my home. Not only am
10:37
Speaker 3: my getting directly in my home, but now I can
10:39
Speaker 3: get a multitude of artists. Right, I can make my
10:43
Speaker 3: own mix of songs, right, Like I remember showing people
10:46
Speaker 3: how to do it, and it was like, oh my gosh,
10:48
Speaker 3: like this is amazing, Like I can make my own mixtape.
10:51
Speaker 3: I don't have to waste money anymore. So like, yeah,
10:54
Speaker 3: that was the first direct to consumer music outlet.
10:58
Speaker 2: And then okay, so then once the record companies pretty
11:03
Speaker 2: much shut that down, they hit him with like what
11:05
Speaker 2: the federal government. Federal government shut down. I'm sure the
11:09
Speaker 2: record companies played a part.
11:10
Speaker 4: Absolutely.
11:11
Speaker 2: They d him on two hundred million dollars suits.
11:13
Speaker 3: It was crazy copies, all types of copyright infringement lawsuits.
11:16
Speaker 3: But after I mean, that doesn't stop it, right, like
11:19
Speaker 3: that idea, you can't, No, you can't, you can't. You
11:21
Speaker 3: can't stop energy.
11:23
Speaker 2: There it is, you can't stop energy because once it's
11:26
Speaker 2: out there, you can try to contain it. But it's
11:31
Speaker 2: like that the doors.
11:32
Speaker 4: Open at that point you can't close your eyes to
11:33
Speaker 4: So once.
11:34
Speaker 2: They shut down Napster, but the record companies did a
11:37
Speaker 2: smart thing. Okay, so from Napster we have to go
11:40
Speaker 2: to Steve Jobs.
11:41
Speaker 4: No, let's go. Well, there's a few other outlets.
11:43
Speaker 3: So once Napster starts, then other file sharing services come about.
11:49
Speaker 3: So then you get a LimeWire, right, and then a
11:51
Speaker 3: bunch of.
11:52
Speaker 4: That was still illegal, still illegal, so like he that's
11:55
Speaker 4: the idea.
11:56
Speaker 3: Then we get a bunch of other file sharing companies
11:58
Speaker 3: that come out, and now they're not just sharing music, right,
12:02
Speaker 3: so like movies. Now they're sharing movies, they're sharing TV shows,
12:05
Speaker 3: all types of forms of outlet of media. Right, they're
12:08
Speaker 3: sharing books like you can download a book. So now
12:11
Speaker 3: it's like this entire industry has to figure out, how
12:15
Speaker 3: are we going to stop this? Thing from bleeding, like
12:17
Speaker 3: this is bleeding. The music industry is bleeding. We're losing
12:20
Speaker 3: money at an all time rate. How are we gonna
12:22
Speaker 3: stop it?
12:24
Speaker 2: So okay, now we're into Steve Jobs in the picture. Okay,
12:28
Speaker 2: So Steve Jobs has the brilliant idea. Well it's actually
12:33
Speaker 2: not his idea, but he made it come to.
12:34
Speaker 4: Life, accepted the idea of the iPod, right.
12:40
Speaker 2: And then from the iPod came iTunes.
12:45
Speaker 4: Yeah right, yep.
12:47
Speaker 2: So with iTunes it's like the first legal streaming service
12:51
Speaker 2: because now we're paying for it.
12:52
Speaker 4: Right.
12:52
Speaker 2: So now he got with all the record companies, the
12:54
Speaker 2: heads of all the record companies, and said, look, streaming,
12:58
Speaker 2: and you can't stop streaming, right, but you can make
13:03
Speaker 2: money off of it. You can be part of it.
13:05
Speaker 2: Let's come together. I have the platform, you have the music,
13:08
Speaker 2: we can merge. Now we have iTunes exactly on your iPod.
13:13
Speaker 2: So now it's legal streaming as we know it today.
13:17
Speaker 2: And then that's grown to Spotify and title and everything else.
13:23
Speaker 2: So with that comes the creation of the three sixty deal. Right,
13:28
Speaker 2: because before record companies, well talk about the record.
13:35
Speaker 3: Record companies were pretty much basing their revenue off the
13:39
Speaker 3: sales of albums, right, and off the sale of singles.
13:43
Speaker 4: Right.
13:43
Speaker 3: But after those singles, no longer I don't have to
13:46
Speaker 3: pay for them, I get them for free.
13:47
Speaker 4: How do we generate money? Right?
13:50
Speaker 3: And they knew that their artists were still generating revenue
13:53
Speaker 3: on top of the album sales. Right, So then they
13:55
Speaker 3: go and tour, whether they make in store visits, as
14:00
Speaker 3: they sell merchandise, they're still generating revenue.
14:03
Speaker 2: So artists are very resilient people. So once the artists
14:06
Speaker 2: figured out they wasn't making money selling albums anymore, they
14:12
Speaker 2: found other revenues to make money, touring, which has been
14:17
Speaker 2: a revenue stream for years, so they make money off touring.
14:20
Speaker 2: Then they started merch selling merchandise. Then they started installing pearances, walkthroughs,
14:26
Speaker 2: all kinds of stuff, right, And so the music became
14:32
Speaker 2: just the platform they get your name out there, so
14:35
Speaker 2: you can make money off of all the other different
14:37
Speaker 2: aspects of it. So when the record companies figured that out,
14:42
Speaker 2: they say, Okay, the artists are still making money, but
14:45
Speaker 2: we're not making money anymore because album sales. Nobody's buying albums,
14:49
Speaker 2: so there's.
14:49
Speaker 3: No point in now signing a five to seven seven
14:53
Speaker 3: album year deal. There's no point of it anymore, right,
14:55
Speaker 3: we might not even get to three albums at this rate.
14:58
Speaker 4: Right. So the traditional was after.
15:00
Speaker 3: Seven years and after you've met that obligation, now you're
15:04
Speaker 3: free to sign at another label or your free design
15:07
Speaker 3: your own through your own outlet.
15:10
Speaker 4: That was the traditional way.
15:12
Speaker 3: And then they said, wait, if they're not selling albums,
15:15
Speaker 3: how are we going to make money?
15:16
Speaker 2: So and how they're going to make money, they decided
15:20
Speaker 2: to enter the three sixty deal. So the three sixty
15:23
Speaker 2: deal is when that's why it's called three sixty because
15:26
Speaker 2: they get a piece of everything, right, So, they get
15:29
Speaker 2: a piece of your streaming, they get a piece of
15:32
Speaker 2: your merch, they get a piece of your touring, they
15:35
Speaker 2: get a piece of sometimes even walkthroughs, club performances, anything,
15:41
Speaker 2: TV appearances, anything that you do that makes you money
15:47
Speaker 2: will make them money. They want it. They want a
15:49
Speaker 2: piece of everything exactly. It's like it's like, what's that
15:51
Speaker 2: Kings of New York? He said, if if is sold,
15:54
Speaker 2: so I want, I want.
15:55
Speaker 4: I want It's still I want in deal. Right. So,
15:58
Speaker 4: originally they used to give you advance.
16:01
Speaker 3: If you sign a record contract, you get an advance
16:04
Speaker 3: and that goes towards you know, the making of your album,
16:07
Speaker 3: perhaps maybe some of your videos. So they still do
16:10
Speaker 3: that in the three sixty deal, but now it's like,
16:11
Speaker 3: all right, we got to recruit that. So they might
16:13
Speaker 3: give you a bigger upfront advance, but they're still trying
16:17
Speaker 3: to recruit it through those avenues of income that you
16:20
Speaker 3: just spoke about.
16:21
Speaker 4: It is the I one end deal I want in.
16:23
Speaker 4: You're making a dollar I want in.
16:26
Speaker 2: Yeah. Well, so now now people are taking a more
16:32
Speaker 2: independent route right, right, because they realize that with streaming,
16:36
Speaker 2: you don't necessarily need the record label. How you used
16:39
Speaker 2: to lead, how you used to need the record Because
16:41
Speaker 2: I've heard from record executives and people in the music
16:45
Speaker 2: industry that the reason the three sixty deal makes sense
16:48
Speaker 2: is that they are investing money in the artists, right.
16:53
Speaker 4: They're calling it growth development.
16:54
Speaker 2: Right, and they're they're putting an artist on a platform
16:57
Speaker 2: for them to get that merched soul, then for them
17:00
Speaker 2: to get those TV appearances, and for them to get
17:03
Speaker 2: that touring. They wouldn't have that without the push from
17:06
Speaker 2: the record label. So it's only right that the record
17:09
Speaker 2: label recoups that.
17:10
Speaker 4: Yeah, I mean, but that used it, that may have
17:12
Speaker 4: been true.
17:13
Speaker 3: But in this era of like our YouTube generation of kids, right,
17:17
Speaker 3: Like I call him the YouTube generation because like our
17:19
Speaker 3: kids don't watch TV, right, Like they started Disney Channel
17:22
Speaker 3: and by the time that's done, it's.
17:23
Speaker 4: Like, all right, well now we're watching YouTube.
17:26
Speaker 3: So people are making themselves hot, right, they don't necessarily
17:29
Speaker 3: need a record label.
17:30
Speaker 4: And I know, like Soldier Boy, right, like.
17:33
Speaker 3: People he's been all over the over the media outlets
17:36
Speaker 3: lately and it's like they laugh at him, but it's like, no,
17:39
Speaker 3: this is what this kid did is legendary, right, Like
17:41
Speaker 3: he's the first guy to introduce artists through YouTube, right
17:46
Speaker 3: back to his first video at Cranked.
17:47
Speaker 2: That right, Soldier Boy is interesting.
17:49
Speaker 4: Yeah, I mean he's legendary. Right.
17:51
Speaker 2: You can't you can't dismiss him, No, and we shouldn't.
17:55
Speaker 2: You can't dismiss him because, like you said, he actually
17:59
Speaker 2: pied near this whole YouTube sensation. Yeah, get yourself high
18:05
Speaker 2: with a dance.
18:06
Speaker 4: He's the he's the first viral artist of Yes, he's
18:10
Speaker 4: the first viral artist that.
18:11
Speaker 3: We've seen people with who've had movements, right, Like we've
18:14
Speaker 3: seen the fifty cent and the g and the we
18:17
Speaker 3: grew up in that dipset movement.
18:18
Speaker 4: Those were movements, but this.
18:20
Speaker 3: Kid is the first viral artist where it's like this
18:23
Speaker 3: is on the internet and now it's taken off right.
18:26
Speaker 3: So like at the time, when crank That comes out, right,
18:30
Speaker 3: he produced himself, produced himself, made with two like, he
18:34
Speaker 3: didn't use any live instruments, right, he bought I think
18:38
Speaker 3: it's fruity loops, I believe free loops software.
18:41
Speaker 4: And created crank That. Right.
18:43
Speaker 3: This thing goes on to self to three million streams
18:48
Speaker 3: in two thousand and seven. Right at the time, that's
18:49
Speaker 3: an all time record. This kid generates seven million dollars
18:53
Speaker 3: at sixteen, right, so he becomes the first viral artist. Hey,
18:57
Speaker 3: I don't really need that label. Label has to come
18:59
Speaker 3: to me. So he signed with Kylie Park, who was
19:02
Speaker 3: an Atlanta executive at the time. But in the video,
19:04
Speaker 3: the first scene is kids and this is like kind
19:07
Speaker 3: of indicative of where we are now. He has two
19:10
Speaker 3: kids doing the dance and he's sitting behind his desk
19:14
Speaker 3: like what are y'all doing? And they're like that's that
19:16
Speaker 3: grant dad, And.
19:18
Speaker 2: He's like who is that?
19:19
Speaker 4: And they're like, Daddy a soldier. Boys.
19:20
Speaker 3: Like now the kids because they're on the Internet and
19:23
Speaker 3: now on TV are telling the adults like what's hot.
19:27
Speaker 3: I was like wow when I saw that the other day,
19:29
Speaker 3: I'm like wow, that's like for like foreshadowing what's happening.
19:33
Speaker 3: These kids are telling us what's hot because they sold
19:37
Speaker 3: on YouTube.
19:37
Speaker 4: So like he's the first viral us. Yes, we might
19:40
Speaker 4: not light the way.
19:41
Speaker 3: He conveys his message, but he speaks a lot of
19:43
Speaker 3: truth in what he's saying.
19:44
Speaker 4: Right this, we can't deny this kid, right, Like he's
19:48
Speaker 4: I mean he's.
19:49
Speaker 3: Twenty eight now, but this kid made himself a millionaire
19:52
Speaker 3: at that age, right, So he's our first viral YouTube artist.
19:57
Speaker 2: Okay, okay, So then from Soldier Boys, all right, So
20:01
Speaker 2: going back to three sixty Deale, So Chris brown he
20:05
Speaker 2: just recently made headlines. Yeah, he was the youngest artist
20:09
Speaker 2: to so his new record deal. He has complete control
20:12
Speaker 2: of his master's correct. So he's the youngest artist to
20:16
Speaker 2: have that.
20:16
Speaker 3: Yeah, correct, Chris Browns is twenty nine, right, which is
20:20
Speaker 3: we've known this guy since we were since he was sixteen.
20:23
Speaker 3: I got another guy at sixteen, and that's a catalog
20:27
Speaker 3: of music. But now I think he's fulfilled his last
20:31
Speaker 3: label deal and now controls his masters, right, so that
20:35
Speaker 3: twenty nine, anything that he puts out from this point on,
20:39
Speaker 3: he owns one hundred percent of And I think some
20:42
Speaker 3: people get confused and like, what's a master's.
20:45
Speaker 2: Yeah, it's publishing for an artist, and then is the
20:50
Speaker 2: masters right? What's what's the difference between publishing and masters?
20:54
Speaker 4: So your masters is the first recording of.
20:58
Speaker 3: A sound, right or a song right that people will
21:02
Speaker 3: use now to duplicate. Right, So if he makes a
21:04
Speaker 3: song in twenty nineteen, he owns one hundred percent of that,
21:07
Speaker 3: and he owns the masses that if somebody duplicates that
21:09
Speaker 3: or uses a sound from that, right, they have to
21:11
Speaker 3: pay him for that. So he's going to own his
21:13
Speaker 3: masters so like the song's prior to it, and we
21:16
Speaker 3: still have to get details on the full contract. I
21:18
Speaker 3: don't know if held it back dates, if he gets
21:20
Speaker 3: to control of some of his old content, but like
21:23
Speaker 3: some of the songs that we grew up with him
21:25
Speaker 3: doing and are timeless, I'm not sure if he has
21:28
Speaker 3: control of that his old record label made.
21:30
Speaker 4: But I would anticipate that this is going to be
21:33
Speaker 4: a huge dfhim.
21:34
Speaker 3: Right as soon as he signs that deal, he drops
21:36
Speaker 3: a video, right, forget Like I don't need a press tour,
21:39
Speaker 3: Like I'm putting out content right now. So the song,
21:43
Speaker 3: it's the what's the Shenee record?
21:48
Speaker 4: What's the song? Right?
21:49
Speaker 3: So that song comes out like as soon as he
21:51
Speaker 3: signs his deal, like and he sales that generated from
21:56
Speaker 3: that single, and the streams on that or the YouTube
21:59
Speaker 3: hits from that, that advertising dolls send in Like he's
22:02
Speaker 3: in control of that now, which is at twenty nine, Like,
22:05
Speaker 3: we have guys that we listen to at forty eight
22:07
Speaker 3: that don't even control their music.
22:09
Speaker 2: So in the publishing the writers.
22:12
Speaker 3: Right, So the writers, the love of musicians who contribute
22:17
Speaker 3: to that, to the performance of that song or the
22:20
Speaker 3: making of that song, like so those are two separate.
22:22
Speaker 4: Things, right, So like the copying of it, and then.
22:24
Speaker 3: You have.
22:26
Speaker 4: The actual people who compose it.
22:30
Speaker 3: I said that one of the guys I actually was
22:32
Speaker 3: watching Big John Platt, And I don't think anybody people
22:35
Speaker 3: are even familiar with Big John Platt. But if you're not,
22:38
Speaker 3: you should, you know, do some research on who he is.
22:40
Speaker 3: Like this guy is the publisher of the publishers, like he.
22:44
Speaker 4: He he's a legend in music.
22:48
Speaker 3: And if if you haven't seen him do some research,
22:50
Speaker 3: and I think the rap Radar podcast that they did.
22:53
Speaker 4: With him was a phenomenal interview, and.
22:55
Speaker 3: He set a tremendous amount of light on what he
22:57
Speaker 3: does because, like you said, a lot of people want
23:00
Speaker 3: to get into entertainment and want to be rappers and singers,
23:03
Speaker 3: but there's other ways to generate revenue for music, and
23:07
Speaker 3: he's found a way. And he makes sure that any
23:09
Speaker 3: artist that he comes in contact with that they control
23:13
Speaker 3: their publishing because it's important.
23:14
Speaker 4: It's important.
23:16
Speaker 2: Okay. So also in news, a Boogie a bogy, So
23:20
Speaker 2: a Boogie made history.
23:21
Speaker 4: Shout out to the Bronx for being.
23:25
Speaker 2: Well, he had the lowest sales.
23:29
Speaker 4: Well let's not start there.
23:30
Speaker 3: Let's start right see like and this is true too,
23:32
Speaker 3: so like the media will say, like he has the
23:34
Speaker 3: lowest sales, but let's start with the positive like this, Yeah.
23:36
Speaker 2: IM gonna get to this kid has the number one
23:38
Speaker 2: the number one album. He made history for having it,
23:41
Speaker 2: for having the number one album with the lowest selling
23:45
Speaker 2: physical physical units ever. Right, so he sold eight hundred
23:48
Speaker 2: and thirty five physical copies physical copies, but he streamed
23:52
Speaker 2: eighty million streams. Right, which is the equivalent of sixty
23:56
Speaker 2: thousand albums.
23:57
Speaker 4: Yeah, so.
24:01
Speaker 2: That's interesting on two different levels, right, because you sold
24:04
Speaker 2: eight hundred.
24:06
Speaker 4: Copies eight hundred twenty three or something like that.
24:08
Speaker 2: Yeah, eight hundred and twenty three copies, but you stream
24:12
Speaker 2: eighty million, right right.
24:14
Speaker 4: It tells you a couple of things. Right. It goes
24:16
Speaker 4: back to what we said earlier, where there.
24:19
Speaker 3: Are no physical outlets to consume physical copies.
24:22
Speaker 2: Well, that's it exactly.
24:24
Speaker 3: That's the first thing, right, So no stores, there's no stores, right,
24:27
Speaker 3: so there are no like the stores that we said earlier,
24:30
Speaker 3: but even like stores like best Buy, these huge company.
24:33
Speaker 3: Right recently they said that we are doing a way
24:37
Speaker 3: with the CD section in our stores. It's pointless. People
24:40
Speaker 3: don't buy them, right, I've been in your car. You
24:42
Speaker 3: don't even have a CD player in your car, right, Like,
24:45
Speaker 3: it doesn't People don't consume music that way.
24:48
Speaker 2: So, so who's in control of the music industry right now?
24:51
Speaker 2: Is it? Because I've heard this before that the cell
24:54
Speaker 2: phone companies are really in position to be the record labels.
25:00
Speaker 2: If you think about it, nothing moves without a cell phone, right, right,
25:03
Speaker 2: So what would stop Sprint, Verizon or Apple directly to
25:11
Speaker 2: just cut the record label out completely and make deals
25:15
Speaker 2: with artists.
25:17
Speaker 4: I think that's where we're headed.
25:19
Speaker 2: That's what we're headed. I think that's where we're at
25:21
Speaker 2: right now, because the artists are still record labels are
25:23
Speaker 2: still there. But what what what good is a record
25:26
Speaker 2: label at this point where a lot of time people
25:28
Speaker 2: don't even listen to radio anymore.
25:30
Speaker 4: Right, So, like that's important too, Like so Steve Stout.
25:34
Speaker 3: And again if you don't know if Steve Stout is
25:36
Speaker 3: and you're in entertainment, definitely somebody you should research. His
25:41
Speaker 3: book The Tanning of America is amazing, so must read.
25:44
Speaker 3: But his company, the United Masters, is combating. Then they're saying, look,
25:48
Speaker 3: you don't need the record label, We're giving you your Masters.
25:51
Speaker 3: And what he has is, I mean he's established relationships
25:54
Speaker 3: throughout his career. I think he started with Public Enemy
25:57
Speaker 3: in the eighties, right, he was.
25:58
Speaker 4: Like a tour manager, or.
26:00
Speaker 3: He might have been like an assistant to the tour
26:03
Speaker 3: manager for Public Aademy in the eighties. But throughout his
26:06
Speaker 3: career he's established relationship with artists, and he's established relationships
26:09
Speaker 3: with corporate America. And his claim to fame, like his
26:12
Speaker 3: thing that he holds that on is like he combines
26:15
Speaker 3: those twos, so like you have entertainment and you have
26:18
Speaker 3: corporate America. Right, So that's where we get the jay
26:21
Speaker 3: Z to Rebok deal, or we get the NAS to
26:25
Speaker 3: the Sprite Like that's one of our favorite commercials, right,
26:27
Speaker 3: the legendary SPIKEE commercial.
26:29
Speaker 4: So you start seeing those cross brands, or it could have.
26:31
Speaker 3: Been Lebron to McDonald's, like he made that out of
26:33
Speaker 3: hand and on that or like right now, like the
26:35
Speaker 3: beats with Dre, like he's established so many relationships from
26:39
Speaker 3: a brand standpoint that when he gets an artist now
26:41
Speaker 3: it's like, look, we'll connect you directly with them.
26:45
Speaker 4: You don't need that three sixty deal.
26:47
Speaker 3: Come to the United Masters and we'll connect you with
26:50
Speaker 3: the brand. And now, if you want to get your
26:53
Speaker 3: your music in an NBA commercial, we got connections. If
26:56
Speaker 3: you want to get your your music played in a
26:59
Speaker 3: beat by Dre, we can do that, right. So, like
27:01
Speaker 3: what he's offering I think changes the game.
27:04
Speaker 4: Right.
27:04
Speaker 3: So he's given like similar to what your page is
27:08
Speaker 3: right like his like listen, follow this. This can help
27:12
Speaker 3: us be free, like own your own masters, right, Like
27:16
Speaker 3: that that was one of my favorite lines, right, I
27:18
Speaker 3: own my own masses from Jay Like that's a real thing.
27:22
Speaker 2: Yeah, I mean it's gonna be into it. That's my
27:24
Speaker 2: prediction that.
27:27
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Speaker 2: Whoever can make that happen right Whoever, instead of making
30:20
Speaker 2: like you know how a boogey and them they made
30:23
Speaker 2: a deal with Atlantic.
30:25
Speaker 4: Be smart too, Like if you listen to this, No, no,
30:27
Speaker 4: they are very smart.
30:27
Speaker 2: But I'm just saying, whoever, whoever's can't can make a
30:31
Speaker 2: deal directly with Sprint, directly with Apple, directly with Android.
30:37
Speaker 2: That's going to be a game change it because if
30:38
Speaker 2: you think about it, the whole platform is on your
30:42
Speaker 2: cell phone right as far as the streaming is on,
30:46
Speaker 2: all the apps are on your cell phone. If you
30:48
Speaker 2: want to watch a video, YouTube is on your cell phone.
30:51
Speaker 2: Even if you want to buy merch you can buy
30:54
Speaker 2: that directly on your cell phone. So if you could
30:57
Speaker 2: do a deal directly with the cell phone company, right, yeah,
31:01
Speaker 2: and cut the record label out completely.
31:05
Speaker 4: Right, Well that's what jay Z did, right.
31:07
Speaker 2: Well, he did do that. Yeah, he did do that.
31:09
Speaker 2: He did do that, but that was a one time.
31:10
Speaker 2: That was a one off.
31:11
Speaker 3: But but that's what I'm saying that that might that
31:13
Speaker 3: plans to see that, like we can do this. Like
31:15
Speaker 3: so like when he says, I'm putting out I think
31:19
Speaker 3: it was Magna carta.
31:20
Speaker 2: Magna carta, explain people, I don't know, so magnimum.
31:23
Speaker 3: So magna carter he uh, he starts putting these commercials
31:27
Speaker 3: out during the NBA Finals, right and he uh Sprint says, listen,
31:31
Speaker 3: we're giving the first million subscribers to Sprint the album
31:35
Speaker 3: for free.
31:36
Speaker 4: Right, So he's putting that right to the phone company.
31:39
Speaker 3: If you have Sprint, like most people do, a lot
31:42
Speaker 3: of people do, they get the album for free. When
31:45
Speaker 3: it comes to sound Scan, that's a million albums sold, right,
31:48
Speaker 3: and so SoundScan tried but.
31:49
Speaker 2: They said they said so, they say they said that
31:51
Speaker 2: he cheated. Yeah, you cheat it because like you said,
31:54
Speaker 2: it was the first million people that signed up for
31:56
Speaker 2: that promo deal got the album for free on their phone, right,
32:00
Speaker 2: But it's not cheating because whether they wanted it or not,
32:03
Speaker 2: they still got it.
32:04
Speaker 4: Did the consumer get that exactly?
32:06
Speaker 2: But that's the power of going direcord to the cell
32:08
Speaker 2: phone company, right, he did. I forgot he did that.
32:10
Speaker 2: He did do that, and that was powerful because he
32:14
Speaker 2: came out the gate and sold a million records before
32:16
Speaker 2: day one, he sold a million records. Right, So now
32:18
Speaker 2: I was telling any records.
32:19
Speaker 3: And that's what I'm saying this when we post I
32:21
Speaker 3: posed a question earlier. Are we learning more from the music?
32:24
Speaker 3: Are we learning more from where we're going to school?
32:25
Speaker 3: It's like, now we learned from both, right, because like
32:28
Speaker 3: that's twenty thirteen, right, But five years from now, what
32:32
Speaker 3: if that does happen, right, like, people probably will forget.
32:35
Speaker 3: It's like I compare it to when Prince Right, we
32:39
Speaker 3: had this conversation with Prince decided that hey, I'm going
32:42
Speaker 3: to take control of my own masters, Like I'm going
32:45
Speaker 3: to sell tickets with merchandise with my album. So if
32:51
Speaker 3: you buy my album, you get a ticket to the
32:53
Speaker 3: show and merchandise.
32:55
Speaker 4: Right, And it was like.
32:56
Speaker 3: Oh my gosh, like this guy, this is who does
32:59
Speaker 3: he think he is right present day, Travis Scott. This
33:04
Speaker 3: is the same thing, right, And then it's like, wait, no,
33:08
Speaker 3: that doesn't count. How does that count? He's selling t shirts,
33:10
Speaker 3: he's not selling albums, right, Like you know this that
33:12
Speaker 3: shouldn't count. Nikki was right, she was mad, right, but
33:15
Speaker 3: like no, he's just he's doing what's been done and
33:19
Speaker 3: it's worked. It's worked because did number one thing is
33:22
Speaker 3: did the consumer get the product?
33:24
Speaker 4: Yeah?
33:24
Speaker 3: They got the product and it got some merch too,
33:26
Speaker 3: which they wear at his concerts that will sell out, right,
33:29
Speaker 3: So like so that comparable of like hey, Prince did that,
33:34
Speaker 3: Travis is doing it today, like Jay did that. Let's
33:37
Speaker 3: see who comes up with the division to say, all right,
33:40
Speaker 3: I'm gonna go that route now too.
33:42
Speaker 2: Yeah. I think that'd be interesting. That's where that's where
33:44
Speaker 2: I personally see his headed. I may be wrong, but
33:47
Speaker 2: because like I said, I mean, your cell phone is
33:49
Speaker 2: the most powerful thing in the world, right, Yeah, And
33:52
Speaker 2: everything that you need pretty much in life, you can
33:56
Speaker 2: access via your cell phone. So being that they had
34:00
Speaker 2: that much power, I think that it's time for the
34:03
Speaker 2: artists smart enough, Yeah, smart enough?
34:07
Speaker 4: Man?
34:08
Speaker 3: Just really quick back to the eight boogie thing like
34:11
Speaker 3: and it's just that I know the headline was like
34:13
Speaker 3: eight boogie Tales, eight hundred and twenty three albums, but they.
34:16
Speaker 4: Were like, oh, that's the lowest.
34:17
Speaker 3: But part of the story too, is like two weeks
34:20
Speaker 3: ago twenty one Savage was the lowest with three thousand copies, right,
34:24
Speaker 3: so like he's had the number one album, he only.
34:26
Speaker 2: Sold three thousand, So eventually headed to a point like
34:28
Speaker 2: it'll be two, right or not?
34:30
Speaker 3: No, there was no physical copies, Like, because you tell
34:34
Speaker 3: me where to go buy at.
34:35
Speaker 4: A physical copy?
34:36
Speaker 2: Can you buy that Walmart?
34:38
Speaker 4: Maybe maybe they took.
34:41
Speaker 2: Well, like he said, he didn't even put out physical.
34:42
Speaker 4: Exactly, So I'm like, where did they even get eight
34:44
Speaker 4: hundred folk?
34:46
Speaker 2: Okay? Yeah, all right, all right, all right, So we
34:49
Speaker 2: talked about music for a little bit. So let's let's
34:50
Speaker 2: switch topics. Now, let's go into entertainment. Yeah, let's go
34:55
Speaker 2: into entertainment because it's almost Oscar season.
34:59
Speaker 4: Yeah, Golden Global season.
35:00
Speaker 2: Ye, So I want to talk about the Oscars. Yeah,
35:06
Speaker 2: So obviously what's been going on with the Oscars most
35:10
Speaker 2: people have been talking about with the Kevin Hart thing,
35:11
Speaker 2: right as far as they asked him to do it,
35:15
Speaker 2: then they found some tweets from a couple of years ago.
35:19
Speaker 2: Then they kind of took pulled the offer bag.
35:22
Speaker 4: He's on I'm sorry toy right now.
35:23
Speaker 2: But then then he apologized and they asked him to
35:27
Speaker 2: come back, and then he didn't want to come back.
35:30
Speaker 4: So it was like a whole campaign.
35:31
Speaker 2: But every year, it seemed like every single year there's
35:34
Speaker 2: always some controversy with the Oscars the Grammys. Like last
35:39
Speaker 2: year it was the last year with Will Smith, with Jada,
35:42
Speaker 2: they boycotted.
35:43
Speaker 4: The Grammys the Oscars, maybe because he.
35:47
Speaker 2: Didn't get nominated. She wanted him to get nominated and
35:50
Speaker 2: he didn't get nominated, and it was like a boycott.
35:52
Speaker 4: I see it, well, I see it more happening in the
35:54
Speaker 4: music right.
35:55
Speaker 2: Well. The thing about it was it was that movie
35:57
Speaker 2: when he was the doctor for the Football Player. Yeah, yeah,
36:01
Speaker 2: and she had a whole thing and she was boycotting
36:03
Speaker 2: because she was like, you know, we're not getting represented,
36:05
Speaker 2: we're not getting enough Oscar right, and every single thing.
36:07
Speaker 2: It's always a big deal.
36:08
Speaker 3: So then they try to take steps, Oh well, instead
36:11
Speaker 3: of five people being nominated, we'll make it to eight people.
36:14
Speaker 4: We'll make it to eight films being no exactly.
36:16
Speaker 2: So going back to the rap line. Twenty years ago,
36:21
Speaker 2: Jay Z had a legendary song called money Ain't a Thing, Yeah,
36:26
Speaker 2: And in that song he has the line where he says,
36:29
Speaker 2: save all the accolades, just to do right. So that's
36:34
Speaker 2: an interesting lyric to me because it feels like, especially
36:37
Speaker 2: our culture, we need validation more than money. It's like,
36:44
Speaker 2: it's it's interesting, right we have.
36:46
Speaker 4: We want to fit like we've made it.
36:47
Speaker 2: We always wanted like that validation of I need an Oscar,
36:51
Speaker 2: I need a Grammy, I need a Golden glove globe.
36:55
Speaker 2: But it's like, why do you need that? So we
36:57
Speaker 2: did the research actually on the time ten highest paid
37:03
Speaker 2: actors in twenty and seventeen from on Forbes list. And
37:07
Speaker 2: the interesting thing about it is that out of the
37:10
Speaker 2: top ten actors, only one of them has an Oscar.
37:15
Speaker 4: Right, so.
37:17
Speaker 2: Chris Evans was number ten. He made thirty four million.
37:21
Speaker 3: That is for people who don't know who Chris Evans is,
37:23
Speaker 3: that's Captain America from.
37:26
Speaker 2: The Avengers thirty four million no Oscar. Salmon Khan is
37:31
Speaker 2: a Bollywood actor from India. He made thirty eight million
37:35
Speaker 2: no Oscar Adam Sandler. People don't understand how much money
37:40
Speaker 2: Adam Sandler made. Like it's crazy. Adam Sandler made thirty
37:43
Speaker 2: nine million dollars. I have no idea.
37:46
Speaker 4: I'm not even sure I would have assumed that. I
37:48
Speaker 4: know he did a next.
37:49
Speaker 2: Fleix, Netflix he made, he made off a Netflix.
37:52
Speaker 4: Two movies on Netflix.
37:53
Speaker 2: Can you name him?
37:54
Speaker 4: No? I can't.
37:56
Speaker 3: You know what I had this conversation. I can't name
37:58
Speaker 3: the last good Adam Sailing film.
38:00
Speaker 2: I can't remain I can't name a good Adam Sandler film.
38:04
Speaker 4: I think Happy Gilmore was all right?
38:06
Speaker 2: Uh?
38:06
Speaker 4: Big was it? Big brother was a big brother when
38:08
Speaker 4: he had to look at that was the right homing
38:10
Speaker 4: on fifteen years.
38:11
Speaker 2: Now, fifteen twenty. He made forty million dollars.
38:16
Speaker 4: Yeah, yeah, quietly, ash.
38:18
Speaker 2: Ashay Kumar, I've never heard of him. You've heard of
38:22
Speaker 2: him before, never heard of him. He made forty million,
38:24
Speaker 2: he's number seven.
38:25
Speaker 4: Yeah.
38:26
Speaker 2: Will Smith made forty two million dollars right at number
38:29
Speaker 2: at number six.
38:29
Speaker 4: No Oscar, no Oscar, A few nominations. Do you know
38:33
Speaker 4: what movie he put He put out a bright.
38:37
Speaker 2: Last year on Netflix on Netflix. Yeah. Netflix. That's a
38:40
Speaker 2: whole different conversation. That game changer, definitely game changer.
38:45
Speaker 3: Definitely, and especially the success they just had at the
38:48
Speaker 3: end of the year were Birdbox that changed for the.
38:50
Speaker 2: Box game changer. Yeah, Jackie Jackie Chan is number. Jackie
38:55
Speaker 2: Chan made forty five million dollars last year.
38:59
Speaker 3: Yeah, I don't know, you know what. So like Jackie Chan,
39:04
Speaker 3: somebody's gonna be like, he got an Oscar. So, yeah, they
39:07
Speaker 3: gave him an Oscar honorary. It's not a real he
39:11
Speaker 3: has two hundred films. They're like, you know what, Jackie
39:14
Speaker 3: twenty sixteen, this is yeah, yeah, man, we're gonna give
39:16
Speaker 3: you one.
39:16
Speaker 4: So he has an honorary Oscar.
39:18
Speaker 2: Jackie Chan forty million, made forty five million dollars. Can
39:23
Speaker 2: you name a.
39:23
Speaker 4: Movie he was in out you mean outside of Russia?
39:27
Speaker 2: No, last twenty seventeen. Nah? Nah Kong Fu Yoga?
39:32
Speaker 4: Oh oh no, I thought not Kong Flu Banda.
39:35
Speaker 2: No, Kong Fu Yoga, The Foreigner and all the other
39:42
Speaker 2: money came from endorsement deals.
39:43
Speaker 4: Okay, that makes sense. Forty five man.
39:47
Speaker 2: Go figure. Yeah, Chris Haynesworth made sixty four million, So.
39:52
Speaker 3: Chris Haynesworth is thoring the Avengers. I'm gonna We're starting
39:57
Speaker 3: to see a pattern.
39:59
Speaker 2: Robert Downey made eighty one million.
40:01
Speaker 4: And he is iron Man any Avengers, So at this point, I.
40:04
Speaker 2: Don't think people fully understand how much money Robert Downey Jr.
40:07
Speaker 2: Has made his career.
40:08
Speaker 3: I mean, he demanded fifty million for the film for
40:12
Speaker 3: the last one, So any sequels is just like I
40:14
Speaker 3: would imagine it would be different.
40:16
Speaker 4: You can't do the movie without iron.
40:17
Speaker 2: Man, Hollywood. It's different type of money.
40:19
Speaker 4: The Avengers, the Marble is different type of money right now.
40:22
Speaker 2: Different. Number two is the Rock Dwayne Johnson. Yeah, he
40:28
Speaker 2: made one hundred and twenty four million last year.
40:31
Speaker 3: Yeah. A lot of films, a lot of films.
40:35
Speaker 4: They all look like that's the one that doesn't look
40:38
Speaker 4: like the same.
40:39
Speaker 3: Every film that he seems like he's in he's jumping
40:41
Speaker 3: out of a building or he's like swimming with an.
40:44
Speaker 2: Allegy went Oscar for Jumanji.
40:46
Speaker 3: Think no, he will win our Kids Herds Kids' Choice Awards, Nickelodeon.
40:50
Speaker 4: You'll get that.
40:51
Speaker 2: The number one on the list.
40:53
Speaker 4: They're not going to get this one.
40:54
Speaker 2: George Clooney, who made two hundred and thirty nine million dollars.
40:58
Speaker 2: Now that's interesting because he does he's the only one
41:01
Speaker 2: with an Oscar. Yeah, but he it didn't make any
41:05
Speaker 2: money off of films.
41:07
Speaker 3: Right, So the Oscar was in two thousand and five,
41:11
Speaker 3: I believe, for Sirianna, and then in twenty thirteen for Argo, right.
41:19
Speaker 2: Right, So he made two hundred and thirty nine million
41:22
Speaker 2: from selling a tequila company. Yea, yeah, yeah, they sold
41:26
Speaker 2: the company for seven hundred million. He made two hundred
41:28
Speaker 2: and thirty nine million.
41:29
Speaker 3: Off of the company's name is let me get you
41:32
Speaker 3: George Colin's Company's name?
41:35
Speaker 4: It is? It is? It is Cosa.
41:37
Speaker 2: Migossos now, so so this is interesting. So all right,
41:43
Speaker 2: out of the top ten actors, a none of them
41:47
Speaker 2: are female. That's a different conversation altogether. But one of
41:53
Speaker 2: them has has an Oscar one right, So of the
41:57
Speaker 2: top ten Oscar winning actors of twenty seventeen did not
42:03
Speaker 2: have an Oscar. And I've never heard Jackie Chan complain
42:08
Speaker 2: about not getting oscar. Maybe he has, I just never
42:11
Speaker 2: heard it.
42:12
Speaker 3: The top twenty list. If we extended the list, it
42:14
Speaker 3: would only make it too. I think Matt Damon will
42:17
Speaker 3: be like number sixteen, and he has one for Goodwill hunting.
42:19
Speaker 2: So do we want validation or do we want money?
42:25
Speaker 2: Or do we want people to come see our films.
42:27
Speaker 2: We gotta start asking these questions because it's like, ultimately,
42:31
Speaker 2: I don't understand why, like you people, they've treated you
42:35
Speaker 2: bad for how long? And you keep holding out hope
42:38
Speaker 2: it hurt our hearts that this is going to be
42:39
Speaker 2: the year like this, this is gonna be the year
42:41
Speaker 2: where I get treated better.
42:42
Speaker 3: We watched jay Z Go for eight at the Grammy
42:44
Speaker 3: and we're like, ah again.
42:46
Speaker 2: No, It's like I feel like why why, Like you know,
42:51
Speaker 2: I mean, like why do we care so much about
42:54
Speaker 2: the validation And it's not like that validation actually really
42:58
Speaker 2: even means anything financially, because there's a whole list of
43:02
Speaker 2: people who have won an Oscar and their career went
43:06
Speaker 2: in the total opposite direction.
43:08
Speaker 3: So like the average person, average male, who wins an Oscar,
43:11
Speaker 3: their average next movie or the next year of income
43:15
Speaker 3: increases by four million, which is a lot.
43:18
Speaker 4: But the movies don't do well like they could get
43:20
Speaker 4: paid to do the movie.
43:21
Speaker 2: Or even your career, like your career. So these are
43:24
Speaker 2: a couple of people that suffered the Oscar curves.
43:27
Speaker 4: Holle Berry and we love halle Berry. Let's yeah, no
43:32
Speaker 4: disrespect that he love everybody.
43:33
Speaker 2: But she wanted for Oscar for monsters. What has she
43:37
Speaker 2: done since?
43:38
Speaker 4: So? So she got paid right to do.
43:42
Speaker 3: I think she got maybe a million dollars right, So
43:44
Speaker 3: her next film next that next year she put out Catwoman.
43:48
Speaker 3: Now I'm not sure if people remember that right as
43:51
Speaker 3: a legendary movie. But you know what, she's still putting
43:55
Speaker 3: our movie. She was a part of the original Sony
43:57
Speaker 3: X Men. She was storing remember that, Yeah, and then
44:01
Speaker 3: Marvel took over that and they said, all right, this
44:02
Speaker 3: is x Men now, so she was Storm and x
44:05
Speaker 3: Men and then I think even yesterday she put out
44:09
Speaker 3: a clip she's gonna be in john Wick three.
44:11
Speaker 4: So she's still working.
44:13
Speaker 3: But we're not you know, like you would think like
44:16
Speaker 3: when somebody performs at a high level and gets a Grammy,
44:19
Speaker 3: like the next thing is that Oscar ask I'm sorry
44:22
Speaker 3: they continue that high level of performance and we haven't
44:24
Speaker 3: seen that.
44:26
Speaker 4: We haven't love Cally, Barry Cuba, Jr. Oh Man, he's.
44:34
Speaker 2: I think his most notable role. So he won the
44:36
Speaker 2: Oscar for Jerry mcguid. That was twenty five years ago,
44:41
Speaker 2: like at least twenty years I was like twenty years
44:42
Speaker 2: ago years, Yeah, the only thing I remember for him since.
44:46
Speaker 4: In the past. He was great in that.
44:49
Speaker 2: I didn't even see it, but I just know he.
44:51
Speaker 4: Was great in that.
44:52
Speaker 3: He might have got nominated for that on Lifetime. No, no, man,
44:55
Speaker 3: that was Fax. It was good on that. I thought
44:57
Speaker 3: you were going to say he's known for being in
44:59
Speaker 3: the club with of the bucket on this head.
45:00
Speaker 4: Oh no, we can't forget that.
45:04
Speaker 2: His career has not skyrocketed since it has been.
45:07
Speaker 4: It hasn't.
45:08
Speaker 2: It hasn't good, Marissa Tomay, you.
45:13
Speaker 3: Gotta explain that. So Marissa Tomay, people don't even know
45:16
Speaker 3: who that is.
45:16
Speaker 2: Who she is?
45:17
Speaker 4: Right?
45:19
Speaker 3: So, like any she originally starts on the Cosby Show. Yeah,
45:23
Speaker 3: she was on the Cosby Show.
45:25
Speaker 2: Was she on the Cosby Show?
45:26
Speaker 4: She was a gold looking She's on the Cosby Shows.
45:28
Speaker 3: That's where she gets her start and then wins an
45:31
Speaker 3: Oscar for my cousin Vinnie with Joe Pesci. It's like
45:33
Speaker 3: ninety two years ago. Yeah, ninety two and we haven't
45:37
Speaker 3: I don't know what have you seen her?
45:39
Speaker 4: We saw her.
45:40
Speaker 3: She's in She's Spider Man's mom in The New Spider
45:44
Speaker 3: Man's Adrian Brody. Yeah, who is he? He won for
45:52
Speaker 3: the pianist, I believe what has he done? Since you
45:55
Speaker 3: know what he did right after that? I think King
45:57
Speaker 3: Kong and that was a flyph done since I don't know,
46:01
Speaker 3: you know.
46:02
Speaker 2: So, So this just proved my point that we just
46:06
Speaker 2: named ten actors that made a boatload of money that
46:10
Speaker 2: will probably never get an Oscar. We just named four
46:15
Speaker 2: that one in Oscar that it did nothing for their career.
46:19
Speaker 2: It actually might even hurt their career. So why we
46:22
Speaker 2: got to start asking questions like why do we still
46:25
Speaker 2: hold these awards as such high regard. Of course, everybody
46:28
Speaker 2: wants to be acknowledged for their talent, for their contribution
46:32
Speaker 2: as human it is human nature to be to want
46:35
Speaker 2: to have some validation. But what is that worth?
46:38
Speaker 3: I think that the I mean, if we break down
46:41
Speaker 3: the Oscar itself, I mean it's a trophy that costs
46:43
Speaker 3: four hundred dollars, I think the most valuable thing that
46:47
Speaker 3: it does provide is notoriety for the most part. Like
46:50
Speaker 3: we can't put a price tag on notoriety, right, So
46:53
Speaker 3: like there are actors that like, wait, who is this person?
46:56
Speaker 4: Or who it brings a tench But.
46:58
Speaker 2: There's actors that won in Oscar that you never. You
47:00
Speaker 2: will never know the rock walks into this room right now.
47:03
Speaker 2: Everybody knows, Righty's true, you'll never They'll probably never win
47:06
Speaker 2: an oscar.
47:06
Speaker 4: This is true.
47:07
Speaker 2: Kevin Hart has never won an oscar. True, everybody knows
47:10
Speaker 2: who he is.
47:11
Speaker 4: Right.
47:12
Speaker 3: But to the person who doesn't, like you know what
47:14
Speaker 3: I mean, like some of these films we've never seen, right, Like,
47:17
Speaker 3: every time there's the nominations come out, there's at least
47:21
Speaker 3: like out of the five or eight.
47:23
Speaker 4: It's like six, and I'm like, when did that even
47:25
Speaker 4: come out? I never saw that? Right? Like?
47:28
Speaker 2: So, so the question is, so it accolades just to do,
47:33
Speaker 2: just to do? Right? Is it that? Do we want?
47:35
Speaker 4: Do?
47:36
Speaker 2: Is it that? Or is it validation at all courts?
47:38
Speaker 4: I don't know, man.
47:39
Speaker 3: I mean if you look at a movie like Black Panther, right,
47:42
Speaker 3: like the number three selling.
47:44
Speaker 2: Movie exactly, that's a perfect example. So that's gonna be
47:47
Speaker 2: up this.
47:47
Speaker 3: Year, right, it shipped, Well, the nominations will be coming
47:50
Speaker 3: out swing for.
47:51
Speaker 4: Golden Globes, let's say eight.
47:53
Speaker 2: Hypothetically it doesn't win, right, there's gonna be a lot
47:55
Speaker 2: of backlash then who cares? It was obviously a great movie.
48:00
Speaker 2: It got supported it was the number one movie of
48:02
Speaker 2: the year. So that's that's validation, right, right, Like that's
48:08
Speaker 2: the validation that you should look for.
48:10
Speaker 4: Do we need? Like that's what I'm saying.
48:11
Speaker 3: It used to me something when you went into the
48:13
Speaker 3: store and it said, like I still remember buying Casino
48:16
Speaker 3: and it was like Academy Award nominee Joe Pesci And
48:20
Speaker 3: I'm like that meant something. But there's no physical copies
48:23
Speaker 3: to buy these things. People stream even the movies. Now
48:25
Speaker 3: there's no store to buy amen, Like that looks good
48:28
Speaker 3: on a title like Academy Award winner. I'm like, all right,
48:32
Speaker 3: well let me check this out, I guess, but like
48:35
Speaker 3: that's not gonna take anything from Black Panther. Like if
48:37
Speaker 3: it doesn't say Academy Award Best Picture or Best Supporting
48:43
Speaker 3: Actor Michael B. Jordan, Like that doesn't change the movie.
48:46
Speaker 3: Like my kids are still gonna want to watch it.
48:48
Speaker 3: It doesn't change it. Right, It's still Black Panther with
48:52
Speaker 3: or without an.
48:52
Speaker 4: Oscar, Right, So what's the value of it?
48:55
Speaker 2: What is the value of here?
48:57
Speaker 3: And you said something important too, man, Like none of
48:59
Speaker 3: those of the top ten with women, Like that's a
49:03
Speaker 3: whole nother conversation, right, that wage gap, Right, the average
49:08
Speaker 3: increase I said for a man was four million, The
49:09
Speaker 3: average increase for a woman's five hundred thousand, five hundred thousand.
49:13
Speaker 3: Like remember that we had this big debate with it
49:17
Speaker 3: was Nique, No Mark Wahlberg. He received like an enormous
49:22
Speaker 3: amount of money for being on set for a day.
49:24
Speaker 4: And I believe it was Hillary. It might have been
49:26
Speaker 4: Hillary Spaan got the was.
49:27
Speaker 3: There for the same day and received like one hundred
49:31
Speaker 3: thousand dollars or I mean like a tenth of what
49:33
Speaker 3: he got. And it was like wait until people started saying, hey,
49:37
Speaker 3: this is crazy, like what is this.
49:39
Speaker 4: He decided to say, Hey, I'm gonna give this money back.
49:41
Speaker 3: Oh, I'm gonna give it to like helping the cause
49:44
Speaker 3: to fight for wage equality in Hollywood.
49:47
Speaker 4: But that's an important thing man.
49:48
Speaker 2: And also the diversity on that list. So you had
49:53
Speaker 2: the Rock, you have Will Smith, we're black, you have
50:00
Speaker 2: Jackie Chan was Asian. You actually have two Indian actors, right,
50:06
Speaker 2: So maybe it is diverse if you think about it.
50:08
Speaker 4: For males. Yeah, yeah, for males. I mean from that
50:12
Speaker 4: list from the standpoint.
50:15
Speaker 2: Just a dot, that's half of the list of just.
50:17
Speaker 3: A dope, right when it comes to the nominations, Right,
50:20
Speaker 3: didn't they have Oscar so White?
50:22
Speaker 2: Was that years ago?
50:23
Speaker 4: Two years ago?
50:24
Speaker 2: Okay? All right, So that's the question that we have
50:27
Speaker 2: to we have to keep asking.
50:29
Speaker 4: There's a small tippic that we owned, was over us
50:31
Speaker 4: not overlooked? Right?
50:32
Speaker 3: So like George Clooney two hundred what was it, two
50:35
Speaker 3: hundred nine sells a liquor company.
50:39
Speaker 4: We've seen this in our culture.
50:41
Speaker 3: Yeah, right, Like we've seen this blueprint like they that
50:44
Speaker 3: might be a blueprint that was like, hey, I've seen
50:47
Speaker 3: these guys do it. Like we've seen Puff get with
50:49
Speaker 3: to Rok and what that's done. We've seen Jay get
50:53
Speaker 3: with Armadale and get with to uh as of Spade
50:57
Speaker 3: and now do say and what that's done? Even the
51:00
Speaker 3: fifty cent vitamin water deal, Like get with these beverages
51:03
Speaker 3: companies and hopefully it blows up and like this guy
51:07
Speaker 3: does it, and it's like nobody even knows. Like if you,
51:10
Speaker 3: if somebody was the guest, I doubt George Coyen would
51:13
Speaker 3: come to their mind like this dude just made two
51:15
Speaker 3: hundred and forty million dollars. I'm selling a beverage that
51:18
Speaker 3: I doubt anyone's ever tasted. I don't know anyone that's
51:21
Speaker 3: ever tastes I just say that, you know what anywan No, Yeah,
51:25
Speaker 3: I'm not a tequila drinker, so I don't know.
51:29
Speaker 2: But how many deals are done like that that we
51:30
Speaker 2: don't know about.
51:31
Speaker 4: That's why we're here exactly. That's why we're here to
51:34
Speaker 4: shed the light on that.
51:36
Speaker 2: Okay, So accolades on money in that vein you filling
51:40
Speaker 2: the super Bowl Travis Scott performance, you're feeling.
51:42
Speaker 3: That, So I'm gonna go back, let's let's use I'm
51:47
Speaker 3: gonna use the alert, right, like, have the super Bowl?
51:51
Speaker 4: You need me, I don't need you.
51:52
Speaker 3: I feel like that's my stance with him, Like he
51:54
Speaker 3: doesn't need it, he didn't need it.
51:56
Speaker 4: He's gonna do it, obviously, I think he decided to.
51:59
Speaker 4: So you don't get paid for Yeah, there's no like
52:01
Speaker 4: you paid for that, right, right.
52:03
Speaker 2: So the thing about it is that you're doing it
52:05
Speaker 2: because it's a look notoriety. But once again, it goes
52:08
Speaker 2: back to the validation argument, where does the super Bowl
52:14
Speaker 2: really help your career? Because Justin Timberlake came up with
52:17
Speaker 2: an album the day after the super Bowl performance, and
52:21
Speaker 2: it did terrible.
52:22
Speaker 4: The albums are terrible, but the tour.
52:25
Speaker 2: Because he's still justin Timber, still justin Timber. They so,
52:28
Speaker 2: but the album did terrible, right, I did not listen
52:30
Speaker 2: to that. Janet Jackson, have we seen her since.
52:35
Speaker 4: She just put out an album? Yeah?
52:36
Speaker 3: No, I think I think she put that album. I
52:39
Speaker 3: know she put out a single with Daddy Yankee.
52:42
Speaker 2: They had Bruno Mars do it twice.
52:43
Speaker 4: Twice back to back.
52:45
Speaker 3: But the ironic thing is Beyonce did it too, right,
52:47
Speaker 3: So like the year after or two years after, and
52:50
Speaker 3: I was like, you need me, I don't need you.
52:53
Speaker 3: Like granted, Beyonce did not pay for that, right, she
52:56
Speaker 3: had to deal with Pepsi that they sponsored her tour
52:59
Speaker 3: and they sponsored her performances. So Pepsi they front the
53:04
Speaker 3: bill on the stage performance.
53:05
Speaker 2: But that's a powerful line that jay Z says, you
53:08
Speaker 2: need me, I don't need you, because it's really speaking
53:09
Speaker 2: in broader terms to say the artist has control over
53:13
Speaker 2: the situation right now with YouTube, with social media. So
53:19
Speaker 2: but for some reason they still think that they need
53:23
Speaker 2: the validation. They still need a Grammy, they still need
53:26
Speaker 2: an Oscar, they still need the Super Bowl perform He's
53:29
Speaker 2: the main performer exactly. We just went over like three
53:32
Speaker 2: different examples of how the oscars. You don't need an
53:37
Speaker 2: oscar to make money. You don't need a Grammy.
53:39
Speaker 4: To sell records.
53:41
Speaker 2: You don't need to be on the radio to sell records,
53:45
Speaker 2: to perform to sell merch. You don't need to be
53:48
Speaker 2: at the Super Bowl. Travis Scott's already Travis Scott.
53:52
Speaker 4: With or without the super amazing.
53:54
Speaker 2: He's still one of the hottest artists in the world without,
53:57
Speaker 2: So I'm not really here to judge him on that,
54:00
Speaker 2: But if that's why he's doing it, I think that
54:02
Speaker 2: that's a poor decision because I don't feel that he
54:05
Speaker 2: needs to do that, right if he.
54:08
Speaker 4: Wants to nominated, not is he nominated for a Grammy
54:10
Speaker 4: as well?
54:11
Speaker 2: I like that.
54:13
Speaker 3: I just for the record, just going to say that
54:15
Speaker 3: we think Victory Lap is the album of the year.
54:17
Speaker 3: If it doesn't win, it's still our album of the year, right, Like,
54:21
Speaker 3: it doesn't matter, right like right?
54:24
Speaker 2: Yeah? So, I mean, I don't know.
54:26
Speaker 4: Did you see what they did today the NFL did
54:28
Speaker 4: to that was singing the national anthem?
54:30
Speaker 3: They got Gladys Knight singing the national anthem.
54:37
Speaker 2: There you go, there you have there, You have it, man,
54:41
Speaker 2: So all right, anything else you want to talk about,
54:44
Speaker 2: touch on.
54:46
Speaker 4: My final word. Let's do a fin I got a
54:47
Speaker 4: final word.
54:48
Speaker 3: So I got a message this morning and a dear
54:52
Speaker 3: friend of my alma text me, congratulations it was written.
54:56
Speaker 3: And I was like wow, because we always have these
54:59
Speaker 3: j and now's debates and I was like, it was written.
55:02
Speaker 3: She didn't know that this is going to be my
55:03
Speaker 3: final word. But we say this all the time. Why
55:05
Speaker 3: shoot the breeze about it when you could be about it?
55:07
Speaker 3: So I'm glad that we're here because how many years
55:11
Speaker 3: have we been shooting the breeze and now we're finally
55:13
Speaker 3: being about it right because we've we've helped each other,
55:16
Speaker 3: and we've helped a lot of people around us.
55:17
Speaker 4: But now we can help on a larger scale, which
55:21
Speaker 4: I think is amazing.
55:21
Speaker 3: Man.
55:22
Speaker 4: So shout out to you for bringing me in on this. Man,
55:23
Speaker 4: This is this is amazing.
55:25
Speaker 3: And for everybody who's ever had a conversation with us,
55:28
Speaker 3: right like in the parking lots, barbershops, wherever we are,
55:31
Speaker 3: we always seem to spark a conversation on debate, sometimes intents,
55:35
Speaker 3: sometimes you know, just shooting the breeze. So that was
55:39
Speaker 3: my final word. Man, wayt shoot the breeze about it
55:41
Speaker 3: when you can be about it.
55:42
Speaker 2: That's dope. Why shot the breezebut when you could be
55:45
Speaker 2: about legendary it was written? Yes it is.
55:49
Speaker 4: Yes.
55:50
Speaker 2: Once again, I just want to say thank you for
55:51
Speaker 2: all the support that we have gotten so far, and
55:54
Speaker 2: I know that we will continue to get and especially
55:58
Speaker 2: you know, on on social media platforms. So stay tuned.
56:03
Speaker 2: This is just the first chapter. We have many more install.
56:08
Speaker 3: Next one episode one. Man, what they say twenty nineteen
56:11
Speaker 3: is almost over. Fact, put your phone down and do so.
56:15
Speaker 2: That's a fact. All right, we check y'all.
56:44
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