1 00:00:07,133 --> 00:00:10,453 Speaker 1: You're listening to the Saturday Morning with Jack Tame podcast 2 00:00:10,573 --> 00:00:12,893 Speaker 1: from News Talks at be So. 3 00:00:13,013 --> 00:00:15,333 Speaker 2: Netflix has announced it is going to be buying the 4 00:00:15,373 --> 00:00:18,973 Speaker 2: studios of Warner Brothers Discovery. It is a deal worth 5 00:00:19,013 --> 00:00:22,613 Speaker 2: a fantastic amount of money one hundred and forty four 6 00:00:23,093 --> 00:00:27,573 Speaker 2: billion New Zealand dollars. Our Textbert Paul Steinhouse is here 7 00:00:27,653 --> 00:00:29,573 Speaker 2: trying to deduce what it's going to mean for our 8 00:00:29,613 --> 00:00:31,173 Speaker 2: various streaming services. 9 00:00:31,773 --> 00:00:37,853 Speaker 3: Paul, good morning. Yeah. I think HBO Max might be toast, right, 10 00:00:39,853 --> 00:00:41,933 Speaker 3: So that is one of the is that is Warner 11 00:00:41,933 --> 00:00:46,293 Speaker 3: Brothers Discoveries big streaming service. It's global one. It houses HBO, 12 00:00:46,533 --> 00:00:48,573 Speaker 3: you know, with all of the fantastic shows that come 13 00:00:48,613 --> 00:00:51,293 Speaker 3: out of that studio, and it is one of the 14 00:00:51,333 --> 00:00:55,733 Speaker 3: premium streamers here in the States and globally. And I 15 00:00:55,813 --> 00:00:59,333 Speaker 3: think that that will probably just be folded into Netflix 16 00:00:59,493 --> 00:01:03,133 Speaker 3: if this deal goes ahead. They also have the Discovery app, 17 00:01:03,173 --> 00:01:06,613 Speaker 3: which I don't think is in New Zealand no, but 18 00:01:06,853 --> 00:01:09,773 Speaker 3: you know it has a bunch of you know, discovering. 19 00:01:09,813 --> 00:01:11,653 Speaker 3: It was kind of the old kind of you know, 20 00:01:11,693 --> 00:01:14,573 Speaker 3: SkyTV type networks and things you get like the animal 21 00:01:14,613 --> 00:01:17,653 Speaker 3: planets and the cartoon networks and all that kind of 22 00:01:17,653 --> 00:01:22,173 Speaker 3: stuff that's also as a separate service, but that's going 23 00:01:22,253 --> 00:01:25,813 Speaker 3: to stay. So it's a really interesting transaction because a 24 00:01:25,853 --> 00:01:30,173 Speaker 3: couple of years ago is when Warner Brothers and Discovery merged, right, 25 00:01:30,213 --> 00:01:33,213 Speaker 3: it was sort of the smaller Discovery ended up buying 26 00:01:33,253 --> 00:01:36,493 Speaker 3: Warner Brothers, which was just bizarre at the time. And now, 27 00:01:36,533 --> 00:01:39,453 Speaker 3: of course us splitting the company up to basically put 28 00:01:39,493 --> 00:01:43,253 Speaker 3: all of those quote unquote legacy TV assets into one 29 00:01:43,333 --> 00:01:46,493 Speaker 3: bucket and that's going to stay listed on the Sotock Exchange. 30 00:01:46,813 --> 00:01:50,293 Speaker 3: And then the flagship, if you will, the Warner Brothers studios, 31 00:01:50,373 --> 00:01:54,413 Speaker 3: including the Beautiful Lot in La and you know the 32 00:01:54,413 --> 00:01:57,493 Speaker 3: people that work at that studio, and then the streaming 33 00:01:57,533 --> 00:01:59,773 Speaker 3: service all will end up over with Netflix. 34 00:01:59,973 --> 00:02:00,093 Speaker 1: Right. 35 00:02:00,213 --> 00:02:02,133 Speaker 3: And if you really look at it and you went, well, 36 00:02:02,213 --> 00:02:05,293 Speaker 3: why did they even bother kind of doing this merger, 37 00:02:06,013 --> 00:02:09,733 Speaker 3: They just shuffled a few things around. So CNN, for example, 38 00:02:09,813 --> 00:02:13,013 Speaker 3: was part of that Warner Brothers world that's now over 39 00:02:13,093 --> 00:02:16,533 Speaker 3: in this kind of remain Co Global Networks as they're 40 00:02:16,573 --> 00:02:19,213 Speaker 3: calling it. And it will be interesting to see how 41 00:02:19,253 --> 00:02:21,213 Speaker 3: it go, how those companies go on their own. I mean, 42 00:02:21,293 --> 00:02:24,693 Speaker 3: people have talked about potentially trying to buy CNN back 43 00:02:24,733 --> 00:02:27,573 Speaker 3: in the day and spinning it out as a sort 44 00:02:27,613 --> 00:02:31,413 Speaker 3: of standalone service. So hey, it's going to kind of 45 00:02:31,413 --> 00:02:35,213 Speaker 3: get it. It's time to shine at this at its 46 00:02:35,253 --> 00:02:38,733 Speaker 3: new company. But no, Netflix spent just a ton a 47 00:02:38,813 --> 00:02:41,013 Speaker 3: ton of cash check. And of course all of this 48 00:02:41,093 --> 00:02:43,533 Speaker 3: is subject to regulators, not just in the USA. There's 49 00:02:43,533 --> 00:02:45,613 Speaker 3: a lot of talk about the Trump administration and what 50 00:02:45,613 --> 00:02:48,093 Speaker 3: they will do, but also Netflix operates in one hundred 51 00:02:48,133 --> 00:02:50,133 Speaker 3: and ninety countries, so this will have to go through 52 00:02:50,133 --> 00:02:52,653 Speaker 3: a bunch of international regulators too, and the EU will 53 00:02:52,693 --> 00:02:54,853 Speaker 3: be I'm sure all across it. But can I tell 54 00:02:54,853 --> 00:02:58,533 Speaker 3: you one thing I found very amusing. Please, I've got 55 00:02:58,533 --> 00:03:00,693 Speaker 3: friends who work at both Netflix. I have friends who 56 00:03:00,733 --> 00:03:04,893 Speaker 3: work at Warner Brothers Discovery. Netflix. Let me just say 57 00:03:05,013 --> 00:03:06,493 Speaker 3: pays very well. 58 00:03:06,533 --> 00:03:09,013 Speaker 2: Like right, they actually have a whole philosophy. 59 00:03:09,053 --> 00:03:10,453 Speaker 3: I could talk to you too much about it, but 60 00:03:10,453 --> 00:03:13,213 Speaker 3: they have a who philosophy that staff at their company 61 00:03:13,253 --> 00:03:16,293 Speaker 3: should be like an a sports team, right, Like you 62 00:03:16,333 --> 00:03:18,573 Speaker 3: only want the A players on the field, right, And 63 00:03:18,613 --> 00:03:21,093 Speaker 3: if they pay you like you're an A player and 64 00:03:21,133 --> 00:03:22,733 Speaker 3: the moment they don't think you should be in the 65 00:03:22,773 --> 00:03:26,613 Speaker 3: starting fifteen, The starting eleven, they ask you to leave, right, 66 00:03:26,653 --> 00:03:29,053 Speaker 3: so they pay top of the market. It is brutal. 67 00:03:29,573 --> 00:03:31,813 Speaker 3: And so the talk of the town, and well the 68 00:03:31,853 --> 00:03:35,333 Speaker 3: talk of my group chat was will the Warner Brothers 69 00:03:35,333 --> 00:03:39,973 Speaker 3: Discovery people now be being paid like the Netflix? Yeah, 70 00:03:40,213 --> 00:03:41,973 Speaker 3: so they're like, will we be getting a pay rise? 71 00:03:42,253 --> 00:03:44,093 Speaker 2: I mean, there's if Netflix has gone any money left 72 00:03:44,093 --> 00:03:48,533 Speaker 2: after spending one hundred Well, well, hey, Samsung is launching 73 00:03:48,573 --> 00:03:51,573 Speaker 2: the first trifold phone. So we know about fold phones, 74 00:03:51,613 --> 00:03:54,973 Speaker 2: but now they're gonna they're gonna have two folds in them. Yeah. 75 00:03:55,133 --> 00:03:57,693 Speaker 3: Yeah, so kind of like a brochure, you sort of 76 00:03:57,773 --> 00:04:00,213 Speaker 3: open it up. A screen on the other side of 77 00:04:00,253 --> 00:04:03,413 Speaker 3: it too, so it's sort of like four screens, but 78 00:04:03,573 --> 00:04:07,293 Speaker 3: three of them go into one ten inch screen. It's 79 00:04:07,333 --> 00:04:09,933 Speaker 3: sort of Samsung's put this out right. It's not going 80 00:04:09,973 --> 00:04:11,453 Speaker 3: to be available in New Zealand. It's going to be 81 00:04:11,453 --> 00:04:15,573 Speaker 3: in Korea first, then China, Taiwan, Singapore, the UAE, and 82 00:04:15,573 --> 00:04:19,053 Speaker 3: the USA, so some select markets. But it is kind 83 00:04:19,053 --> 00:04:21,613 Speaker 3: of funny because Apple, the analysts are thinking that Apple 84 00:04:21,653 --> 00:04:25,893 Speaker 3: will potentially put out their first single fold phone two 85 00:04:26,013 --> 00:04:28,613 Speaker 3: screen kind of thing next year, and Samsung's basically I 86 00:04:28,653 --> 00:04:31,573 Speaker 3: think in the i of some ambus kind of saying, 87 00:04:31,933 --> 00:04:35,253 Speaker 3: hold my beer, we're going to do one up. We're 88 00:04:35,293 --> 00:04:38,013 Speaker 3: going to do the trifold before you've even launched the 89 00:04:38,253 --> 00:04:42,853 Speaker 3: duel folds. It's pretty cool. I mean, if you really 90 00:04:42,893 --> 00:04:46,013 Speaker 3: do want something in your pocket that can be used 91 00:04:46,053 --> 00:04:48,613 Speaker 3: as a phone and then could be used on you know, 92 00:04:48,693 --> 00:04:50,773 Speaker 3: think of like job sites or things where you need, 93 00:04:51,053 --> 00:04:54,373 Speaker 3: you know, people out and about in company vehicles and things. 94 00:04:54,573 --> 00:04:56,853 Speaker 3: It could be an interesting solution for some of those things. 95 00:04:56,853 --> 00:05:02,973 Speaker 3: But based on the price of Samsung's jeweled screen folding phone, 96 00:05:03,413 --> 00:05:06,093 Speaker 3: it doesn't come cheap, so that would be a ludge. 97 00:05:06,093 --> 00:05:07,573 Speaker 3: Cons Yes, all. 98 00:05:07,573 --> 00:05:10,733 Speaker 2: Right, thanks Paul, great to chat. That's our tigspurt. Paul stinhouse. 99 00:05:11,533 --> 00:05:14,613 Speaker 1: For more from Saturday Morning with Jack Tame, Listen live 100 00:05:14,693 --> 00:05:17,533 Speaker 1: to News Talks ed B from nine am Saturday, or 101 00:05:17,613 --> 00:05:19,493 Speaker 1: follow the podcast on iHeartRadio.