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Speaker 1: The volume. The Colin Cowherd podcast brought to you by

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Speaker 1: Fan Duel. It's never been easier to play fantasy on

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Speaker 1: fan Duel. Well the love basketball, golf, soccer, or any

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Speaker 1: fantasy sport. There is a contest for every fan fan

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Speaker 1: Duel more ways to win. I've been in broadcasting about

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Speaker 1: thirty years, and you know, first ten to twelve I

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Speaker 1: didn't have an agent. Then I bounced around and had

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Speaker 1: a few and my career was fine, and I was

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Speaker 1: in local stuff, local sports, TV radio stuff about thirteen

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Speaker 1: fourteen years. Then I got a job at ESPN, and

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Speaker 1: at the end of my ESPN days, I got my

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Speaker 1: last agent, Nick Cohn. And Nick Cohn worked at CIA,

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Speaker 1: and you know, he represented guys like Herb Street, a

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Speaker 1: lot of big shots. There's two or three sports agents

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Speaker 1: in America that represent most of the big talent and

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Speaker 1: Nick was one of them. And so I'm pretty loyal guy.

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Speaker 1: I had an agent, and you know, my wife and

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Speaker 1: I sat down one time and she said, I think

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Speaker 1: you need a bigger presence as an agent, and I said,

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Speaker 1: all right, and then you meet Nick. And if you've

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Speaker 1: ever met Nick, you could google him Nick con He

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Speaker 1: if he showed up in the Sopranos, like he just

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Speaker 1: he just wasn't one of the actors you'd be like, yeah, yeah,

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Speaker 1: he looks like one of those guys. I'm not saying

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Speaker 1: he wax people, but I'm saying he gets stuff done

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Speaker 1: and he's got a presence about him. And so then

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Speaker 1: Nick and I became very good friends, and he got

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Speaker 1: me to Fox, and I've leaned on him. That was

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Speaker 1: a long time ago, seven eight years ago on anything

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Speaker 1: I've done in business. And then about a year ago

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Speaker 1: he said I'm done with the agent thing, and Vince

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Speaker 1: mcma and hired him to run the w w E,

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Speaker 1: which is a massive task, and so I thought, you

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Speaker 1: know what, this is WrestleMania Week. It's a little trip

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Speaker 1: behind the rope in my career. There's a lot of stuff,

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Speaker 1: a lot of deals he's broker that are going on

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Speaker 1: in the media, and a lot of people like you know,

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Speaker 1: you really read Andrew marshan New York Post, one of

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Speaker 1: those media guys. You know, people people like the media

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Speaker 1: guys and the inside stuff. But a lot of times

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Speaker 1: and this isn't not a knock on any of the

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Speaker 1: media guys. You know, they they're getting their information from

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Speaker 1: the bigger sources who are really tied. And in my

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Speaker 1: years of doing this for a living, Nick Cohn was

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Speaker 1: the most tied end guy I've ever met. I always

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Speaker 1: said I had a lot of agents for years and

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Speaker 1: they would ask me questions and they were competent. And

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Speaker 1: then I got Nick and all I do is ask

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Speaker 1: him questions and a great barometer on if somebody knows

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Speaker 1: they're in any industry. And this is my barometer. Ohways,

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Speaker 1: for all of it doesn't matter if it's a coach,

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Speaker 1: it's an agent, it's a boss. If you ask them

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Speaker 1: a question about their industry, they have to have a

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Speaker 1: well thought out answer to anything. If they haven't thought

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Speaker 1: about it, that means you don't have a thoughtful, smart, progressive,

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Speaker 1: evolved agent, coach, business manager, attorney, doctor. If you ever

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Speaker 1: go to your doctor and say, hey, I got this

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Speaker 1: thing with my lungs and he looks at you and goes,

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Speaker 1: I've never thought of that. I've got no idea. Get

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Speaker 1: the funk out of that office as fast as you can.

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Speaker 1: If you ever have an agent and go what's your

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Speaker 1: gut feeling on where streaming's going, and he says, you know,

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Speaker 1: I've never thought of that, get up, walk out, and

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Speaker 1: never pay him a dollar. Nick is the first agent

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Speaker 1: I've ever had. Every single question I ask, and I

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Speaker 1: ask a lot of them, he is a step ahead.

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Speaker 1: He's two years ahead, three years ahead. In fact, he

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Speaker 1: had not long ago. He was quoted in a magazine

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Speaker 1: talking about the NFL rights about six months to nine

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Speaker 1: months out the NFL rights, and he just nailed it,

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Speaker 1: you know, right down to the dollar figures. He knew

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Speaker 1: where it was going, what they were paying, who would

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Speaker 1: get the best deals. And to me, that's the essence

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Speaker 1: of my friend Nick con until let's bring him in,

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Speaker 1: all right, Nick. So we both spent a lot of

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Speaker 1: time in Vegas. You were born there, and it's really interesting.

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Speaker 1: So when I first met you, I had an agent,

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Speaker 1: and I went to New York and I think we

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Speaker 1: met not the Peninsula, was at the what was the

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Speaker 1: nice hotel we met at? We met at the Saint

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Speaker 1: Regis if I'm remembering correctly. Okay, And so we met

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Speaker 1: and my wife had been saying, you need to get

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Speaker 1: an agent with a presence. This is somebody that's in

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Speaker 1: rooms you're not. And my dad always told me years ago,

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Speaker 1: he said, Tiger, that was my daddy said, Tiger, most

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Speaker 1: of the employment decisions in your life will be made

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Speaker 1: when you're out of the room. Be a good person,

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Speaker 1: Get along with people and you'll get more. Hands will

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Speaker 1: be raised to keep you on the company, to get

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Speaker 1: rid of you. So when I met you in New York,

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Speaker 1: I remember hear your life story. You worked at Cafe Michelle.

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Speaker 1: You're a bus boy, if I recall, And my wife

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Speaker 1: was in the culinary industry. And I remember coming home

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Speaker 1: and telling Anne. I said, oh, I can tell Nick,

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Speaker 1: you guys remind me of each other. I can tell

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Speaker 1: you guys worked in the culinary business because you're both

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Speaker 1: very aware of like the temperature in the room. You

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Speaker 1: got to size people up. And as you were my agent,

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Speaker 1: I knew you were an attorney. But there's something about

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Speaker 1: your background, whether you were a waiter or a bus boy,

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Speaker 1: zone in on it for me because I actually think

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Speaker 1: it's one of your greatest strengths. You've waited on people,

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Speaker 1: You've dealt with crisis, You've made those last second. You know,

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Speaker 1: the dishes crash, the meal stinks, people complain. What is

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Speaker 1: it about that that works in your favor? Now, as

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Speaker 1: the president of WWE and as a former agent. Well,

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Speaker 1: by the way, it's interesting you asked me that from

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Speaker 1: my point of view, Colin, because I've often thought that

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Speaker 1: that is the training job for being an agent, because

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Speaker 1: you have to deliver the goods while putting a smile

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Speaker 1: on the face of the customer, or when you're an

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Speaker 1: agent the client, to get them to pay you, and

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Speaker 1: pay you happily. So when you've had a great meal

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Speaker 1: with great service at a restaurant, you don't complain about

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Speaker 1: paying the bill. You're happy to pay that bill. So

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Speaker 1: when I was an agent, I wanted my clients like you,

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Speaker 1: when they would write the check to pay the commission

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Speaker 1: to the agency, to be happy, to not be upset

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Speaker 1: that they had to do that for any way. So,

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Speaker 1: in essence, it's the exact same job of a waiter.

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Speaker 1: Serve the customer, put a smile on their face, deliver

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Speaker 1: the goods, and make them happy to pay you. How

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Speaker 1: come you got out of law? I thought, law. You know,

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Speaker 1: my parents are immigrants, and I thought that law my

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Speaker 1: dad told me. You mentioned your dad giving you the

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Speaker 1: good advice about most of the decisions are going to

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Speaker 1: be made when you're not in the room. I thought

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Speaker 1: my parents giving good advice for the son of immigrants,

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Speaker 1: which was, hey, instead of waiting on people, if you

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Speaker 1: want to be waited on, go to law school. Doesn't

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Speaker 1: mean you have to do it for the rest of

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Speaker 1: your life, but go to law school and getting that

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Speaker 1: degree and that certificate. It'll sort of put you in

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Speaker 1: different rooms that you haven't been in before. So that's

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Speaker 1: the reason I went. Once I had practiced for six

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Speaker 1: or seven years, I thought it was a fine profession.

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Speaker 1: I still think it's a fine profession. But if you

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Speaker 1: look at the money candidly that lawyers are making, and

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Speaker 1: this was in the early two thousands, I remember at

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Speaker 1: one point I'll just say the number because they're not

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Speaker 1: huge numbers. At one point, at twenty five years old,

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Speaker 1: I was making about one hundred and five thousand dollars

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Speaker 1: a year. Twenty five years old, Hey, that's good money.

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Speaker 1: Three years later I was making like one hundred and

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Speaker 1: eighty thousand dollars a year, and I thought to myself, like, Okay,

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Speaker 1: on this path, it's not going up in the steps

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Speaker 1: that I wanted to go up in. So if you're

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Speaker 1: not in mergers and acquisitions, if you're not a plaintiff's

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Speaker 1: lawyer who's getting robust plaintiffs cases. I just didn't see

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Speaker 1: the return on that investment being there yet yet to

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Speaker 1: put in a lot of work, So it sort of

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Speaker 1: didn't make sense to me to continue doing it. By

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Speaker 1: the way, that background has also been a great stepping

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Speaker 1: stone into not only running the WWE, because you've been

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Speaker 1: doing multiple deals, which we'll get into. But as an agent,

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Speaker 1: you're dealing you know, at Fox, you dealt with Larry Jones.

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Speaker 1: You know you're dealing with you know, I don't know

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Speaker 1: who you dealt with at ESPN. But if you're not

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Speaker 1: dealing with a CEO, you're dealing with a lawyer that

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Speaker 1: works with the CEO. Would you rather work with the

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Speaker 1: president of a sports company, the president of NBC Sports

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Speaker 1: or Peacock or their attorney. What's easier and better for you? Well,

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Speaker 1: I think it's interesting when you deal with the attorneys.

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Speaker 1: I think non attorneys go into this. A lot of

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Speaker 1: non attorneys go into this mode of attorneys of oh,

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Speaker 1: the attorneys are saying X. The attorneys are here to

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Speaker 1: advise us, and then it's up to the business people

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Speaker 1: to make the decision. So even when we would talk

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Speaker 1: about your contracts, at Fox, you would hear, well, legal

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Speaker 1: doesn't like this clause. And my response, having again practice

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Speaker 1: law for a number of years, was always like, well,

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Speaker 1: what are we going to do if there's a breach

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Speaker 1: of contract? You're going to sue Colin and federal court?

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Speaker 1: Are you going to ask for an injunction? Are you

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Speaker 1: going to get specific and performance? And if you're not,

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Speaker 1: then let's not worry about this thing right now. Let's

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Speaker 1: go on. Let's make sure the money's right, the term

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Speaker 1: is right, the role is right, and we're good on

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Speaker 1: all the rest. And to my knowledge, I've never seen

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Speaker 1: anyone sued over one of the clauses in that agreement

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Speaker 1: that the lawyers fight on for days, So I'm not

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Speaker 1: sure exactly what they're fighting about. It just didn't seem

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Speaker 1: like a great you know, it's these are powerful people,

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Speaker 1: men and women who run these sports companies. I mean,

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Speaker 1: you deal with Vince McMahon. Now, there's certain emotional aptitude

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Speaker 1: that you have to have. Yet these are emotional people.

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Speaker 1: I know John Skipper, I know Eric Shanks, I don't

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Speaker 1: know Vince McMahon. But do any of these negotiations you

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Speaker 1: just did one with Peacock NBC it's a lot of money.

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Speaker 1: We're talking hundreds of millions, sometimes billions of dollars. You've

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Speaker 1: dealt with the SEC commissioner. Does it I mean, does

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Speaker 1: it get heated? The stereotypical agent network head is like

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Speaker 1: a move an Aaron Sorkin show, Right, it's just yelling

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Speaker 1: and screaming. Does it ever get to that point where

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Speaker 1: it's contentious? Not from my point of view, So it

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Speaker 1: would sort of take There's never been anything said to

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Speaker 1: me in a negotiation or any other conversation that I've

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Speaker 1: had as an executive at WWE or as an agent

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Speaker 1: prior to that that angered me where one could tell

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Speaker 1: outwardly that I was angry, because at the end of

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Speaker 1: the day, we're all talking about the same thing. So again,

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Speaker 1: in your situation or the SEC situation, Fox wants you,

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Speaker 1: Colin Cowherd, there's only a disagreement over how much money

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Speaker 1: they want to pay. So either they're going to agree

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Speaker 1: with our assessment of the marketplace or they're not going

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Speaker 1: to agree with our assessment of the marketplace. To me,

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Speaker 1: if you have enough information as an executive or as

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Speaker 1: a representative about what the marketplace is looking like, then

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Speaker 1: the person who wants you is going to have to

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Speaker 1: play market value. And if they have to do that,

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Speaker 1: why would there be any sort of contentiousness? Certainly not

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Speaker 1: on my side. Maybe them to me from time to time,

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Speaker 1: but that happens. You know you, since i've known you.

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Speaker 1: We both love boxing, and listen, I'm on the treadmill,

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Speaker 1: the daily treadmill, talking about leagues. But I've told my

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Speaker 1: audience this, and I think I've told you this, Nick.

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Speaker 1: Nothing beats a fight, nothing beats an event. You had

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Speaker 1: a relationship with a great Freddie Roach, And take me

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Speaker 1: back where did it start? And give me the give

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Speaker 1: me the journey on that. By the way, your recollection

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Speaker 1: of these events is amazing. I think it's one of

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Speaker 1: I don't know if that it's an underrated thing of

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Speaker 1: your many great qualities, but it's something you have great recall.

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Speaker 1: You can sort of remember certain events and what the

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Speaker 1: scene was like at the event. Just a compliment. It's

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Speaker 1: one of the great great traits of you anyway, Freddie Roach.

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Speaker 1: So if you don't know what he looks like, and

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Speaker 1: I know you do, but if you don't know, and

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Speaker 1: you're a bully, Freddie sort of looks like your perfect

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Speaker 1: victim five foot five, white guy glasses Parkinson's disease. But

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Speaker 1: if you do know who he is, you know he's

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Speaker 1: a former lightly contenderant. He can knock your block off.

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Speaker 1: So years ago, when I was a lawyer, I would

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Speaker 1: go to his boxing Jim, just as a civilian. Go

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Speaker 1: work out there, hang out there, and I would tell me,

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Speaker 1: I'm a lawyer. If you ever need anything, let me know,

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Speaker 1: let me know, let me know. So finally one day

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Speaker 1: it calls me and he says, hey, I got into

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Speaker 1: a little bit of a situation at a King Goes

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Speaker 1: if you remember the King Goes copy shops. Sure, And

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Speaker 1: I said, I tell me what happened, And he said.

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Speaker 1: I was standing in line next to a guy who

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Speaker 1: is six foot six, three hundred pounds, and the six

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Speaker 1: foot six bully was yelling at the clerk at King Goes.

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Speaker 1: The clerk said something funny to the bully. I Freddie

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Speaker 1: Roach was standing in line. I laugh. Bully turns to

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Speaker 1: me says, what the fuck are you laughing at? I

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Speaker 1: Freddie Roach said the bully, I'm laughing at what the

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Speaker 1: clerk said to you. So, according to the third party witnesses,

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Speaker 1: the six foot six guy backs Freddie up, takes a

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Speaker 1: swing out him. Freddie ducks under lays the guy out

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Speaker 1: with one shot. Freddie gets sued. Of course, he had

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Speaker 1: never been sued before, so the guy found out. At

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Speaker 1: the time Freddie was training Mike Tyson was training a

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Speaker 1: guy named James lights out Tony and ultimately sued Freddie.

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Speaker 1: I can't sleep emotional distress. People were driving by my house.

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Speaker 1: So we got the case settled. I think it was

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Speaker 1: like a five thousand dollars nuisance fee, you know, just

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Speaker 1: getting rid of the case. And from there Freddie started

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Speaker 1: introducing me to all of his fighters who needed legal help,

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Speaker 1: including a fighter in a two thousand and four world

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Speaker 1: named Manny Pakia who had not yet broken through. And

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Speaker 1: it was really Pakia that got me out of the law,

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Speaker 1: Paquio and Freddie out of the law and into the

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Speaker 1: sports side of the business. What's the difference between defending

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Speaker 1: an on air person and defending a boxer. It's such

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Speaker 1: a different world it look in boxing tip, your best

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Speaker 1: boxers tend to come from the lowest rung of the

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Speaker 1: socioeconomic ladder, so the rules are different there. So if

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Speaker 1: you look at Manny Pakia, there was a time in

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Speaker 1: his professional career where on a Friday night he signed

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Speaker 1: with promoter X. The very next day and took money

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Speaker 1: from promoter X the very next day signed with promoter

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Speaker 1: why took more money from that promoter. I spoke to

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Speaker 1: him and I said, hey, Nanny, I said, you can't

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Speaker 1: do that, And he said, what do you mean I can't?

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Speaker 1: I just did, And it sort of taught me something

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Speaker 1: early in business. There is no can't. These are rules,

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Speaker 1: rules and laws are separate things. Go ahead, what we're

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Speaker 1: gonna say? No. I think that's fascinating. I'd be like

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Speaker 1: signing with two networks. Correct so once and again. At

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Speaker 1: that time, I was twenty nine or thirty years old.

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Speaker 1: But you hear it and you go through school. Like

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Speaker 1: one of the things I don't love about school, Colin.

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Speaker 1: If I can digress for a moment, I think it's great.

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Speaker 1: Go get an education brought in your mind. But school

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Speaker 1: is a rule based experience. If your papers do on

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Speaker 1: a Wednesday, you can't come in on a Thursday and

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Speaker 1: say hey, I don't follow your rules, here's my paper.

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Speaker 1: You'll fail the class. So your entire life you have

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Speaker 1: to follow the rules to even have a chance to

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Speaker 1: succeed and then you get out into business. There's no rules,

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Speaker 1: so they're laws. We always want to follow the law.

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Speaker 1: We want no problems there as you know. But there's

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Speaker 1: no rules, so you can do whatever it is you

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Speaker 1: want to do. Once you know what your risk tolerance is.

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Speaker 1: You know those hot takes you post on social media,

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Speaker 1: Well now you can win up to five thousand dollars

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Speaker 1: when you put those takes to the test on FanDuel.

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Speaker 1: It's a new game called over Under and it's absolutely

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Speaker 1: free to play on FanDuel. Here's how it works. Fan

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Speaker 1: Duel will set lines on things like total points or

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Speaker 1: three pointers made during every NBA on TNT broadcast. All

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Speaker 1: you have to do is pick over or under for

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Speaker 1: every problem. Your picks could win you a share of

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Speaker 1: five thousand dollars during every contest. Fan Duels the exclusive

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Speaker 1: home for Overunder, and it's available in all fifty states,

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Speaker 1: so you can play from anywhere. All you have to

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Speaker 1: do is go to FanDuel dot com, slash over under

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Speaker 1: and sign up now. If you have not done so already,

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00:16:51,360 --> 00:16:54,360
Speaker 1: you create a new FanDuel account if you don't already

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00:16:54,360 --> 00:16:56,840
Speaker 1: have one. It takes less than two minutes. To sign up,

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Speaker 1: then put your takes to the test during every NBA

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Speaker 1: on TNT broadcast at FanDuel dot com slash over under.

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Speaker 1: They could be worth up to five thousand dollars. Age

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Speaker 1: and location restrictions apply seefanduel dot com for terms and conditions.

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Speaker 1: You know it's you have to be. And I said

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Speaker 1: this in the introduction to you. You've got to be.

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Speaker 1: I pay you because I need you to be ahead

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Speaker 1: of the game. And in my experience, most agents were reactive.

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Speaker 1: You were proactive. And the story I told before you

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Speaker 1: came on, I said, the smartest people I've met in

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Speaker 1: any industry, doesn't matter if they're running a company, they're

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Speaker 1: an agent. They're Vince McMahon. If I ask them any

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Speaker 1: question about anything close to their injury industry, they've got

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Speaker 1: a well thought out answer. If you ask your doctor

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Speaker 1: about something and he goes, I've never thought of it,

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Speaker 1: get the f out of his office and get a

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Speaker 1: new doctor. So you laid out. And by the way,

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Speaker 1: in my ESPN and Fox career, you always gave me

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Speaker 1: about a nine month to a year runway. This is

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Speaker 1: what's going to happen. Be ready for it. Here's your strengths,

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Speaker 1: here's some liabilities or weaknesses. This is what you have

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Speaker 1: to consider. So it's interesting you laid out you told

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Speaker 1: me a year to nine months. In fact, it was

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Speaker 1: quoted the NFL deals for all the networks. You told

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Speaker 1: me exactly what was going to happen, and it almost did.

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Speaker 1: And then in about six to eight weeks before the

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Speaker 1: deals came out, you gave me exact dollar figures, which

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Speaker 1: I kept private. I'm not going to tell anybody. I

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Speaker 1: can say it now. My takeaway is ESPN had the

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Speaker 1: most leverage and got the best deal. They didn't have

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Speaker 1: to pay twice as much. Do you believe that ESPN

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Speaker 1: would have potentially walked away from the NFL. I do,

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Speaker 1: and I'll tell you why. There's new leadership at Disney.

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Speaker 1: So Bob Eiger, as we all know, is leaving at

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Speaker 1: the end of this year. Whether he runs for president

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Speaker 1: or not in twenty twenty four remains to be seen,

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Speaker 1: but he's leaving at the end of this year. Bob

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Speaker 1: Chapik is now the head of all of Disney. It's

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Speaker 1: a different negotiating tactic. Iiger came up through the entertainment

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Speaker 1: system where you had to overpay to get certain personalities

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Speaker 1: and certain entities on the air. Shapick came up through

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Speaker 1: the theme park system, which, as you know, when pre COVID,

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Speaker 1: or presumably at some point post COVID, the theme parks

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Speaker 1: make up sixty percent of the Disney revenue. Sixty percent.

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Speaker 1: It's a huge job. But he never had to overpay

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Speaker 1: for a roller coaster. So when you're looking at the

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Speaker 1: NFL and you're looking at a deal where hey, there's

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Speaker 1: an argument to be made, this is in the existing deal,

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Speaker 1: or what someone could say is the old deal, so

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Speaker 1: not the new deal. At ESPN is paying much more.

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Speaker 1: And part of the reason they're paying so much more

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Speaker 1: so they can have highlight clips. I don't know that

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Speaker 1: people are watching TV for highlights anymore. That was something

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Speaker 1: you were ahead of the game on five to seven

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Speaker 1: years ago. It's no longer about highlights. Highlights have migrated

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Speaker 1: over to the digital space. Even when you launch Sports

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Speaker 1: Nation with Michelle Beatle, Jamie Harrowitz and that croup, it

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Speaker 1: was all about let's talk about what's gone viral. Before

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Speaker 1: anybody was talking about what had gone viral or what

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Speaker 1: was big in the digital space at that moment in time,

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Speaker 1: it was over So the NFL's presentation to meet to

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Speaker 1: Disney of hey, you need our highlights was met with them.

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Speaker 1: Now we really don't. We just need a better game

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Speaker 1: package on Monday nights, and oh yeah, we'll take your

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Speaker 1: highlights as well. If they didn't increase the quality of

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Speaker 1: that package, I believe Disney were walk I mean, Fox

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Speaker 1: as a network I think would acknowledge without the NFL,

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Speaker 1: it's just not a viable network. And that's listen. Everybody

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Speaker 1: needs something, right. I think similar ACBS an NBC or

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Speaker 1: in similar situations you I don't know if it's a tightrope,

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Speaker 1: but you struck a deal with Fox in the WWE

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Speaker 1: and with one of Fox's rivals, NBC. You struck a

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Speaker 1: deal with Peacock. These are both massive deals. Is it

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Speaker 1: difficult you got rivals? Listen, your job at WWE as

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Speaker 1: the president, your job is to get deals for Vince

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Speaker 1: mcmannon the company. That is your job. Networks love exclusivity.

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Speaker 1: That shit's over, Okay. So when you were doing the

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00:21:37,119 --> 00:21:42,200
Speaker 1: NBC deal with Peacock, it is a formidable, long term deal.

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Speaker 1: Did you think you'd get pushback? Do you think the

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00:21:45,400 --> 00:21:48,560
Speaker 1: rivals of NBC don't like it? How does that land

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00:21:48,600 --> 00:21:51,920
Speaker 1: for you? Yeah, I think there's a couple of things

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Speaker 1: just quickly, in terms of the NFL with Fox and

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Speaker 1: CBS in particular, there's a United States Supreme Court case

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Speaker 1: that just got to it last week. So you had

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Speaker 1: mentioned earlier about sort of looking ahead in the business

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00:22:04,080 --> 00:22:06,359
Speaker 1: and trying to figure out what's going to happen. The

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Speaker 1: Supreme Court case, which was the FCC versus Prometheus Radio

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00:22:10,960 --> 00:22:14,320
Speaker 1: and am into Board everyone at death right, but the

401
00:22:14,440 --> 00:22:20,560
Speaker 1: FCC further deregulated ownership of networks, newspapers, etc. They were

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00:22:20,680 --> 00:22:23,200
Speaker 1: sued because of that. This was three or four years ago.

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00:22:23,560 --> 00:22:28,080
Speaker 1: The Supreme Court just held unanimously nine to nothing that

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00:22:28,200 --> 00:22:31,920
Speaker 1: the FCC was right in further deregulating it. So it

405
00:22:32,080 --> 00:22:34,800
Speaker 1: used to be, for example, that a foreign owned entity

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00:22:35,000 --> 00:22:40,160
Speaker 1: thinks Sony could not own a US based network. Those

407
00:22:40,200 --> 00:22:42,879
Speaker 1: are all going away. You cannot own two networks in

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Speaker 1: one city. You cannot own a newspaper and a network

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Speaker 1: in one city. You'd have too much influence. But over time,

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00:22:49,600 --> 00:22:52,520
Speaker 1: it used to be that one hundred different entities owned

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00:22:52,560 --> 00:22:55,440
Speaker 1: a hundred different things. Now it's like eight entities that

412
00:22:55,560 --> 00:22:59,320
Speaker 1: own a thousand things. So look for more acquisitions, more

413
00:22:59,440 --> 00:23:02,399
Speaker 1: mergers in the media space over the next couple of

414
00:23:02,520 --> 00:23:05,320
Speaker 1: years because of that Supreme Court ruling, which a lot

415
00:23:05,359 --> 00:23:08,760
Speaker 1: of people aren't talking about for whatever reason. So look

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Speaker 1: for that one. In terms of the Fox NBC split

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Speaker 1: with the WWE properties, keep in mind, who is myself,

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Speaker 1: Stephanie McMahon, Triple H, Vince, the entire WW crew who

419
00:23:21,359 --> 00:23:26,320
Speaker 1: did those deals. Ultimately Comcast NBC Universal, they were the incumbent.

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Speaker 1: They had all of our enterprises. We wanted to split those.

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Speaker 1: One thing where I knew part of it was going

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Speaker 1: to land with Fox. A friend of mine, I'm sorry.

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Speaker 1: WWE had done a show, a live event at Staples Center.

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Speaker 1: A friend of mine who was at the event sent

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Speaker 1: me a picture of you that I still have you

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Speaker 1: with Eric Shanks, Larry Jones, Peter Rice all at this

427
00:23:52,720 --> 00:23:55,399
Speaker 1: event together, and I thought to myself, they're sitting in

428
00:23:55,480 --> 00:23:59,199
Speaker 1: the front row, they're checking it out. It's in their backyard.

429
00:23:59,640 --> 00:24:03,840
Speaker 1: They brought one of their prized possession talents you to

430
00:24:04,000 --> 00:24:07,159
Speaker 1: the event with them, Like, these guys are in, And

431
00:24:07,359 --> 00:24:10,000
Speaker 1: ultimately they were in, and once we knew they were

432
00:24:10,080 --> 00:24:12,600
Speaker 1: in and others came in, it only made sense to

433
00:24:12,680 --> 00:24:15,880
Speaker 1: split the two shows and sort of follow the NBA

434
00:24:16,040 --> 00:24:18,440
Speaker 1: model a little bit, if you will, that having two

435
00:24:18,720 --> 00:24:22,119
Speaker 1: enterprises competing for your services would be better than one

436
00:24:22,240 --> 00:24:24,760
Speaker 1: enterprise at out of all. You know, it's interesting, Nick,

437
00:24:24,800 --> 00:24:28,720
Speaker 1: I want to go back to the deregulation and this

438
00:24:28,960 --> 00:24:32,200
Speaker 1: isn't about deregulation. But one of the things we discuss

439
00:24:33,080 --> 00:24:36,520
Speaker 1: when you represented me was my feeling was, I'll just

440
00:24:36,600 --> 00:24:41,000
Speaker 1: throw it out there that Amazon, which Jeff Bezos bought

441
00:24:41,040 --> 00:24:46,359
Speaker 1: the Washington Post, he can distribute journalism. He bought Whole

442
00:24:46,480 --> 00:24:51,120
Speaker 1: Foods again distribute his distribution network with the Whole Foods products.

443
00:24:51,800 --> 00:24:56,240
Speaker 1: And I thought to myself, my guess was he doesn't

444
00:24:56,280 --> 00:24:58,960
Speaker 1: want to get into the bidding war for the rights.

445
00:24:59,240 --> 00:25:01,959
Speaker 1: He'd rather the networks fight it out and buy one

446
00:25:02,000 --> 00:25:05,560
Speaker 1: of the networks. But in the end he did end

447
00:25:05,640 --> 00:25:11,040
Speaker 1: up getting Thursday Night Football. Do you believe Amazon or Apple?

448
00:25:12,760 --> 00:25:15,400
Speaker 1: And again it's almost a rounding air when you look

449
00:25:15,440 --> 00:25:18,640
Speaker 1: at their market value, their valuation, Do you think they'll

450
00:25:18,680 --> 00:25:21,320
Speaker 1: buy a network because the network now is not that profitable.

451
00:25:21,320 --> 00:25:23,440
Speaker 1: I think networks would tell you, but this NFL deal

452
00:25:23,560 --> 00:25:26,280
Speaker 1: in five or six years, these are not highly profitable

453
00:25:26,320 --> 00:25:29,399
Speaker 1: sports departments or networks. Do you think an Amazon or

454
00:25:29,400 --> 00:25:33,520
Speaker 1: an Apple buys one of these networks. Yes, to me,

455
00:25:33,840 --> 00:25:37,240
Speaker 1: as crystal clear as it appears to be in your head.

456
00:25:37,760 --> 00:25:40,960
Speaker 1: That part of the setup on these NFL long term deals,

457
00:25:41,000 --> 00:25:43,879
Speaker 1: and the NFL wanted long term. But part of the

458
00:25:43,960 --> 00:25:47,200
Speaker 1: benefit to the networks is if they were going to

459
00:25:47,480 --> 00:25:51,320
Speaker 1: sell themselves, now they can sell themselves with at least

460
00:25:51,400 --> 00:25:54,359
Speaker 1: seven years. My understanding is the NFL has a unilateral

461
00:25:54,440 --> 00:25:57,560
Speaker 1: opt out of all of these agreements seven years into

462
00:25:57,640 --> 00:26:00,399
Speaker 1: the agreements, and keep in mind they don't start until

463
00:26:00,400 --> 00:26:03,600
Speaker 1: a couple of years from now. You're talking about nine

464
00:26:03,680 --> 00:26:07,360
Speaker 1: to eleven years from now. Do we believe that these

465
00:26:07,560 --> 00:26:10,719
Speaker 1: entities are going to sell I think so. Even if

466
00:26:10,760 --> 00:26:14,000
Speaker 1: you look at Fox. So part of what Rupert said

467
00:26:14,600 --> 00:26:17,800
Speaker 1: when he sold the great bulk of what he had

468
00:26:17,880 --> 00:26:21,160
Speaker 1: built the Disney was we're not big enough to compete

469
00:26:22,320 --> 00:26:25,080
Speaker 1: with what these new enterprises are. So to your point

470
00:26:25,119 --> 00:26:30,320
Speaker 1: about the market caps, Disney, Comcast, WarnerMedia market caps of

471
00:26:30,760 --> 00:26:35,760
Speaker 1: two hundred and twenty to three hundred billion dollars. So

472
00:26:35,880 --> 00:26:37,840
Speaker 1: at that time Fox said, hey, we're not big enough

473
00:26:37,880 --> 00:26:40,399
Speaker 1: to compete. They sold off seventy five percent or so

474
00:26:40,720 --> 00:26:44,399
Speaker 1: of their assets. So now with Fox Network, FS one,

475
00:26:44,560 --> 00:26:47,560
Speaker 1: Fox Business and Fox News. How ultimately are you going

476
00:26:47,600 --> 00:26:50,720
Speaker 1: to compete as these other behemoths get bigger and bigger

477
00:26:50,760 --> 00:26:54,600
Speaker 1: and have theme barks, and have satellite companies and cable companies.

478
00:26:54,640 --> 00:26:57,560
Speaker 1: And yes, I know WarnerMedia sold direct TV, but they

479
00:26:57,640 --> 00:27:00,680
Speaker 1: sold direct TV because there's no broadband with direct TV.

480
00:27:01,400 --> 00:27:03,359
Speaker 1: So how do you ultimately get into the future of

481
00:27:03,440 --> 00:27:06,359
Speaker 1: the business If you're prohibited because of your equipment from

482
00:27:06,440 --> 00:27:08,680
Speaker 1: getting into the future of the business, which is broadband,

483
00:27:08,920 --> 00:27:11,480
Speaker 1: you sell it. So when you look at Viacom CBS,

484
00:27:11,680 --> 00:27:14,760
Speaker 1: much smaller company. When you look at Fox, much smaller company.

485
00:27:15,000 --> 00:27:18,880
Speaker 1: Both phenomenal companies with phenomenal leadership. But I'm sure there's

486
00:27:18,920 --> 00:27:21,480
Speaker 1: going to be a number of phone calls made about

487
00:27:21,520 --> 00:27:25,480
Speaker 1: possibly acquiring those entities. We'll see. Yeah, Generally, the way

488
00:27:25,480 --> 00:27:27,719
Speaker 1: an airlines at works. You know, an airline will buy

489
00:27:27,760 --> 00:27:31,080
Speaker 1: another airline for their routes, and you know what will

490
00:27:31,160 --> 00:27:36,480
Speaker 1: happen is the purchasing airline those executives keep their job,

491
00:27:37,200 --> 00:27:41,000
Speaker 1: and the airline that's purchased, you know, they give up

492
00:27:41,080 --> 00:27:43,960
Speaker 1: routes and those executives look for work. But I look

493
00:27:43,960 --> 00:27:46,159
Speaker 1: at an Apple and an Amazon, and I think to

494
00:27:46,280 --> 00:27:50,720
Speaker 1: myself Nick that they don't really know the sports business

495
00:27:51,040 --> 00:27:54,600
Speaker 1: and that these are almost boutique purchases. That they would

496
00:27:54,600 --> 00:27:57,480
Speaker 1: buy a CBS and an NBC or a Fox and

497
00:27:57,600 --> 00:27:59,840
Speaker 1: it wouldn't be like an airline merger. They would keep

498
00:27:59,880 --> 00:28:03,160
Speaker 1: the people. They would just be basically, I mean the money.

499
00:28:03,520 --> 00:28:06,960
Speaker 1: There are trillion dollars days in Silicon Valley. So I

500
00:28:07,040 --> 00:28:09,840
Speaker 1: wonder if an Amazon or an Apple bought these companies

501
00:28:10,840 --> 00:28:15,119
Speaker 1: for a consumer would they wouldn't necessarily look different, It

502
00:28:15,160 --> 00:28:19,080
Speaker 1: would just be more content. Like Amazon would love if

503
00:28:19,119 --> 00:28:22,560
Speaker 1: they could buy a sports company that had NBA or

504
00:28:22,600 --> 00:28:26,680
Speaker 1: baseball because Amazon can sell baseball jerseys in basketball jerseys

505
00:28:27,040 --> 00:28:30,040
Speaker 1: on Amazon. Right, So I mean, I think it's something

506
00:28:30,160 --> 00:28:34,520
Speaker 1: that I mean, Amazon seems so natural. Apple is still

507
00:28:34,560 --> 00:28:37,320
Speaker 1: a tech company. I don't feel that feels as natural.

508
00:28:38,080 --> 00:28:42,280
Speaker 1: Amazon feels like the purchaser, right, it does to me,

509
00:28:42,560 --> 00:28:45,760
Speaker 1: And look to your examples earlier in our conversation about

510
00:28:45,800 --> 00:28:49,920
Speaker 1: Whole Foods or the Washington Post. Marty Baron, the editor

511
00:28:49,960 --> 00:28:52,680
Speaker 1: in chief of the Washington Post. He didn't get bounced

512
00:28:52,720 --> 00:28:55,560
Speaker 1: out once Jeff Bezos bought the Post. In fact, he

513
00:28:55,680 --> 00:28:59,200
Speaker 1: was further elevated and further empowered to my knowledge, the

514
00:28:59,320 --> 00:29:02,800
Speaker 1: Whole Foods CEO is still the Whole Food CEO. So

515
00:29:03,080 --> 00:29:05,920
Speaker 1: they come in, they buy these enterprises. You refer to

516
00:29:06,040 --> 00:29:09,120
Speaker 1: them as boutique enterprises. I agree with that assessment compared

517
00:29:09,480 --> 00:29:12,480
Speaker 1: to the ultimate market cap of what Amazon has become.

518
00:29:12,960 --> 00:29:16,239
Speaker 1: So yeah, why would they replace with these executives who

519
00:29:16,280 --> 00:29:19,160
Speaker 1: have proven track records and know what to do in

520
00:29:19,240 --> 00:29:22,720
Speaker 1: the network business with people who are unproven. You've seen

521
00:29:22,840 --> 00:29:25,840
Speaker 1: that happen over from time to time in our business,

522
00:29:26,200 --> 00:29:29,760
Speaker 1: where deletans come in pretending like they understand the TV business.

523
00:29:30,200 --> 00:29:32,920
Speaker 1: It is something, as you know, that's learned over time.

524
00:29:33,320 --> 00:29:36,280
Speaker 1: If you don't have that historical knowledge, good luck to you.

525
00:29:36,680 --> 00:29:40,160
Speaker 1: I think Jeff Bezos, considering all this success, knows what

526
00:29:40,280 --> 00:29:43,600
Speaker 1: the executives at Viacom CBS bring to the table, knows

527
00:29:43,680 --> 00:29:46,320
Speaker 1: certainly what the executives of Fox what they bring to

528
00:29:46,400 --> 00:29:48,480
Speaker 1: the table. And I see it the same way you do.

529
00:29:48,680 --> 00:29:51,560
Speaker 1: I don't see replacements maybe there. I see it as Hey,

530
00:29:51,960 --> 00:29:54,160
Speaker 1: run it the way you've run it. Make these tweaks

531
00:29:54,160 --> 00:29:56,960
Speaker 1: so we can make Amazon bigger and better. So let's

532
00:29:57,000 --> 00:30:01,640
Speaker 1: shift to WWE would you now run Vince McMahon and

533
00:30:01,760 --> 00:30:04,160
Speaker 1: this will be a naive question, But for the listener,

534
00:30:04,400 --> 00:30:06,240
Speaker 1: I don't know the answer to this. I look at

535
00:30:06,400 --> 00:30:10,360
Speaker 1: WWE as an entertainment company. Now you've got tentacles in

536
00:30:10,440 --> 00:30:16,240
Speaker 1: broadcasting and streaming, alliances and partnerships. So my first intuition

537
00:30:16,400 --> 00:30:20,120
Speaker 1: is or you're an entertainment company. Is that how you view?

538
00:30:20,400 --> 00:30:24,200
Speaker 1: And Vince views WWE? So two things on that, make

539
00:30:24,280 --> 00:30:26,480
Speaker 1: no mistake about it, And I appreciate the compliments. There's

540
00:30:26,480 --> 00:30:29,440
Speaker 1: only one person running the WWE, and that's not me.

541
00:30:31,120 --> 00:30:32,800
Speaker 1: I have going to work for him and help him

542
00:30:33,440 --> 00:30:36,440
Speaker 1: in that venture. But yes, I think the interesting thing

543
00:30:36,560 --> 00:30:39,800
Speaker 1: when I took the job, you and a handful of

544
00:30:39,880 --> 00:30:43,640
Speaker 1: other people, kirkhurb Street in particular, YouTube both said you're

545
00:30:43,640 --> 00:30:46,080
Speaker 1: going to run a media company. I think you saw

546
00:30:46,120 --> 00:30:48,680
Speaker 1: it the exact same way that I saw it. And again,

547
00:30:48,760 --> 00:30:51,080
Speaker 1: I'm not running a Vince's running it. But it's not

548
00:30:51,160 --> 00:30:54,480
Speaker 1: a wrestling company. In fact, we don't use that term here.

549
00:30:54,560 --> 00:30:59,440
Speaker 1: It's sports entertainment. It's World Wrestling Entertainment, which obviously makes

550
00:30:59,520 --> 00:31:02,280
Speaker 1: up for THEE. So yes, we see it as a

551
00:31:02,360 --> 00:31:06,280
Speaker 1: company no different than any other entertainment company. The podcast space,

552
00:31:06,360 --> 00:31:09,719
Speaker 1: the scripted space. We have an unscripted show not this weekend.

553
00:31:09,760 --> 00:31:13,479
Speaker 1: This weekend is obviously WrestleMania coming up April tenth and eleventh.

554
00:31:13,560 --> 00:31:17,040
Speaker 1: The following weekend, we have a memorabilia show debuting or

555
00:31:17,080 --> 00:31:20,800
Speaker 1: premiering on A and E about WWE memorabilia and the

556
00:31:20,880 --> 00:31:23,520
Speaker 1: people who have purchased it, sort of like pond Stars

557
00:31:23,560 --> 00:31:26,520
Speaker 1: if you will, in the WWW space. Right at the

558
00:31:26,560 --> 00:31:29,520
Speaker 1: same weekend, we have the biography series, if you remember,

559
00:31:29,600 --> 00:31:32,440
Speaker 1: on A and E you have great biographies of different

560
00:31:32,480 --> 00:31:37,240
Speaker 1: people in recent American history or even international history. We

561
00:31:37,360 --> 00:31:41,320
Speaker 1: have eight biographies coming out on WWE wrestlers. So there's nothing,

562
00:31:41,440 --> 00:31:44,200
Speaker 1: in my opinion, that we can't do. We're already in merchandise,

563
00:31:44,240 --> 00:31:46,800
Speaker 1: we're already in toys, we're already in video games. But

564
00:31:46,960 --> 00:31:50,840
Speaker 1: expanding further into the media universe that's priority number one.

565
00:31:51,480 --> 00:31:57,920
Speaker 1: You know, it's many wrestlers. Here's the criticism I heard

566
00:31:58,400 --> 00:32:01,280
Speaker 1: before you took the job, because when you took the job,

567
00:32:01,400 --> 00:32:04,480
Speaker 1: I started asking people, people that I knew that were diehards,

568
00:32:04,600 --> 00:32:08,160
Speaker 1: what's the strength, what's the weakness? And some had said, hey, listen, man,

569
00:32:08,280 --> 00:32:10,880
Speaker 1: it's hard to find a rock, it's hard to find

570
00:32:10,920 --> 00:32:13,920
Speaker 1: a hulk. There's so many, so many stone cold Steve

571
00:32:13,960 --> 00:32:17,560
Speaker 1: Austin's in the world. And just like the NBA, you

572
00:32:17,680 --> 00:32:20,640
Speaker 1: have a Michael Jordan, he retires, the league dips. I

573
00:32:20,680 --> 00:32:22,880
Speaker 1: mean the NBA was in trouble before Magic and Bird

574
00:32:22,960 --> 00:32:26,760
Speaker 1: saved it. Doctor j Magic Bird, Michael Jordan. Then you

575
00:32:26,840 --> 00:32:29,560
Speaker 1: went through like an eight year lull where you needed

576
00:32:29,800 --> 00:32:33,720
Speaker 1: Kobe in a shack. It's hard to find stars, and

577
00:32:34,200 --> 00:32:37,600
Speaker 1: people that I knew that New Wrestling said they that's

578
00:32:37,640 --> 00:32:39,760
Speaker 1: going to be the challenge to keep it fresh, find

579
00:32:39,840 --> 00:32:42,280
Speaker 1: your stars. And then I thought to myself, well, where

580
00:32:42,280 --> 00:32:43,880
Speaker 1: the hell do you find stars? Do you go to

581
00:32:43,960 --> 00:32:49,080
Speaker 1: college football campuses? NFL guys, do you have a scouting department?

582
00:32:49,240 --> 00:32:53,719
Speaker 1: Where do you find your next stone cold? We do them?

583
00:32:53,720 --> 00:32:56,040
Speaker 1: By the way, to your point, a couple of things

584
00:32:56,080 --> 00:32:58,360
Speaker 1: if you look at you mentioned how the NBA went

585
00:32:58,440 --> 00:33:01,640
Speaker 1: through lulls in super Stars. If you think back to

586
00:33:01,720 --> 00:33:04,160
Speaker 1: when you and I were much younger, think nineteen eighty

587
00:33:04,200 --> 00:33:07,280
Speaker 1: four in particular, there was a moment in time where

588
00:33:07,320 --> 00:33:11,240
Speaker 1: the individual sports in the United States were as big

589
00:33:11,600 --> 00:33:15,000
Speaker 1: or bigger than the team sports. So Mary lou Retton,

590
00:33:15,280 --> 00:33:20,080
Speaker 1: Carl Lewis, Vander Holyfield from that eighty four Olympics, Burton,

591
00:33:20,160 --> 00:33:23,400
Speaker 1: Magic came in late seventies. It wasn't really until Jordan

592
00:33:23,560 --> 00:33:27,320
Speaker 1: came in that the NBA became the NBA. If you remember,

593
00:33:27,360 --> 00:33:30,680
Speaker 1: even the NFL, it was It's sort of what happened

594
00:33:30,720 --> 00:33:33,040
Speaker 1: to boxing. If you look at the individual sports from

595
00:33:33,080 --> 00:33:36,600
Speaker 1: that era, they all fell off a cliff in terms

596
00:33:36,640 --> 00:33:39,360
Speaker 1: of the popularity of their figures. And yeah, every so

597
00:33:39,520 --> 00:33:41,959
Speaker 1: often you'd get them Michael Phelps, but you wouldn't get

598
00:33:42,000 --> 00:33:45,360
Speaker 1: them every four years. The team sports, because they were

599
00:33:45,440 --> 00:33:51,480
Speaker 1: so organized in their structures, really accelerated to where football

600
00:33:51,560 --> 00:33:55,360
Speaker 1: really became America's pastime. In my opinion, the NFL, the

601
00:33:55,480 --> 00:34:01,040
Speaker 1: individual sports all dropped off except for WWF slash WWE.

602
00:34:01,680 --> 00:34:04,760
Speaker 1: So Vince and the team here their ability to create

603
00:34:05,000 --> 00:34:09,040
Speaker 1: and recreate characters one after the other, to know what's

604
00:34:09,080 --> 00:34:12,440
Speaker 1: sort of what's resonating with the fan base at this

605
00:34:12,760 --> 00:34:15,800
Speaker 1: moment in time. So, yes, we have full time people

606
00:34:15,920 --> 00:34:20,000
Speaker 1: here who are constantly scouring the earth for the next

607
00:34:20,080 --> 00:34:23,719
Speaker 1: great superstar. What we've all realized is the next great

608
00:34:23,800 --> 00:34:26,719
Speaker 1: one never looks like the last great one. So when

609
00:34:26,800 --> 00:34:29,759
Speaker 1: somebody says, get me the next Colin Cowhert, like, that's

610
00:34:29,800 --> 00:34:32,359
Speaker 1: not what the next big thing in the audio space

611
00:34:32,520 --> 00:34:34,560
Speaker 1: is going to be you already had one colin Cowher.

612
00:34:34,960 --> 00:34:37,359
Speaker 1: They have to have something that's almost completely different than

613
00:34:37,440 --> 00:34:40,200
Speaker 1: you in order for it to resonate. If not, it's

614
00:34:40,239 --> 00:34:43,160
Speaker 1: just you liked. So that's really what we're focused on,

615
00:34:43,440 --> 00:34:47,920
Speaker 1: and we are focused internationally because for each manipacial that

616
00:34:48,080 --> 00:34:50,719
Speaker 1: develops in the wrestling space, the media rights in that

617
00:34:50,880 --> 00:34:54,120
Speaker 1: country go up, as well as the interest in that

618
00:34:54,640 --> 00:34:58,839
Speaker 1: sect of the US population who's following that fighter from

619
00:34:58,880 --> 00:35:01,759
Speaker 1: their home country. So it's something we're looking at day

620
00:35:01,800 --> 00:35:04,560
Speaker 1: to day. How long do you know and how patient

621
00:35:04,719 --> 00:35:08,759
Speaker 1: are you when you invest in a personality? How long

622
00:35:08,840 --> 00:35:11,319
Speaker 1: before you know, Okay, we got to turn them into

623
00:35:11,320 --> 00:35:13,359
Speaker 1: a heel it's not working. Now we got to flip

624
00:35:13,480 --> 00:35:16,400
Speaker 1: him into a good guy. I mean, how much research

625
00:35:16,480 --> 00:35:18,760
Speaker 1: do you need to see? Do you make those calls?

626
00:35:18,800 --> 00:35:22,160
Speaker 1: Does Vince make those calls? I don't make those calls.

627
00:35:22,320 --> 00:35:25,000
Speaker 1: Vince and Bruce Pritchard who's a head writer here, and

628
00:35:25,120 --> 00:35:29,320
Speaker 1: Triple H otherwise known as Paul leavec they make those calls.

629
00:35:29,719 --> 00:35:32,719
Speaker 1: But something that we're all paying attention to every day

630
00:35:33,239 --> 00:35:36,000
Speaker 1: is what is the audience saying. So it's one of

631
00:35:36,080 --> 00:35:38,520
Speaker 1: the things that when we entered the pandemic. It was

632
00:35:38,600 --> 00:35:42,080
Speaker 1: tricky for us because getting that audience reaction. You know,

633
00:35:42,239 --> 00:35:45,440
Speaker 1: if somebody's over, which is the wrestling parlance for if

634
00:35:45,480 --> 00:35:48,520
Speaker 1: somebody's become popular, you know if they're over by how

635
00:35:48,600 --> 00:35:52,200
Speaker 1: the audience is reacting. We had no audience. Ultimately, we

636
00:35:52,320 --> 00:35:54,880
Speaker 1: filled in that gap through the technology of a company

637
00:35:54,920 --> 00:35:57,080
Speaker 1: called the Famous Group, where we have all of these

638
00:35:57,160 --> 00:36:00,680
Speaker 1: screen sets and people reacting in real time to what's

639
00:36:00,680 --> 00:36:03,160
Speaker 1: going on in the ring, which gives us a sense

640
00:36:03,200 --> 00:36:05,880
Speaker 1: of whether something's working or not. So a lot of

641
00:36:05,920 --> 00:36:09,439
Speaker 1: people just go to Twitter. What my personal thoughts on Twitter?

642
00:36:09,520 --> 00:36:12,440
Speaker 1: You have a very small percentage of the population that

643
00:36:12,560 --> 00:36:15,960
Speaker 1: are very vocal and very influential there. I don't want

644
00:36:16,040 --> 00:36:18,800
Speaker 1: us to be influenced by that. That's just one voice

645
00:36:18,840 --> 00:36:20,759
Speaker 1: to look at. But what we want to look at

646
00:36:21,080 --> 00:36:24,440
Speaker 1: is the actual massive voice that's present in this country

647
00:36:24,480 --> 00:36:31,200
Speaker 1: and internationally, and that's through audience reaction. Is is a

648
00:36:31,400 --> 00:36:38,600
Speaker 1: heal ever as popular as a beloved figure at WWE.

649
00:36:40,520 --> 00:36:42,640
Speaker 1: I believe so, and I'll give you a couple of

650
00:36:42,760 --> 00:36:46,200
Speaker 1: examples of it. Rick Flair for most of his career heel.

651
00:36:47,120 --> 00:36:49,759
Speaker 1: You see people to this day imitating Rick Flair and

652
00:36:51,560 --> 00:36:54,880
Speaker 1: all of those things, the Rock for a great portion

653
00:36:55,000 --> 00:36:57,920
Speaker 1: of his career. Your hero is only as good as

654
00:36:57,960 --> 00:37:00,680
Speaker 1: your villain. So if you had Stone Cold either wearing

655
00:37:00,719 --> 00:37:02,960
Speaker 1: the white hat or the black hat, and the Rock

656
00:37:03,080 --> 00:37:06,440
Speaker 1: wearing the opposite hat, that's made. That's what makes for

657
00:37:06,520 --> 00:37:10,040
Speaker 1: a great rivalry. I'm not sure that Muhammed Ali is

658
00:37:10,120 --> 00:37:14,200
Speaker 1: Muhammad Ali without Joe Fraser, and I think that applies

659
00:37:14,280 --> 00:37:18,359
Speaker 1: to every sport. So what happens sometimes. So we talked

660
00:37:18,400 --> 00:37:21,120
Speaker 1: about Michael Phelps earlier, you talk about now with the NBA.

661
00:37:21,560 --> 00:37:25,720
Speaker 1: NBA's having some ratings issues, as are all properties, especially

662
00:37:25,800 --> 00:37:31,320
Speaker 1: those on linear television. What's the rivalry right now? What's

663
00:37:31,360 --> 00:37:35,160
Speaker 1: the Lakers Celtics or the Lakers Pistons or the Pistons

664
00:37:35,239 --> 00:37:39,040
Speaker 1: Bulls in the Eastern Conference or the Bulls Nix all

665
00:37:39,120 --> 00:37:41,520
Speaker 1: the things that we grew up on. Even Golden State

666
00:37:41,600 --> 00:37:44,160
Speaker 1: the last couple of years. Yet a mega team before

667
00:37:44,400 --> 00:37:47,120
Speaker 1: the team was disassembled and suffered injuries and all that.

668
00:37:47,440 --> 00:37:49,400
Speaker 1: Yet a mega team you had Lebron over in the

669
00:37:49,480 --> 00:37:52,080
Speaker 1: East that was always going to make for a good battle.

670
00:37:52,360 --> 00:37:55,320
Speaker 1: What's the rivalry now? So that matters, I think in

671
00:37:55,480 --> 00:37:58,560
Speaker 1: every sport, and it definitely matters an autist. You know,

672
00:37:58,600 --> 00:38:01,279
Speaker 1: it's interesting Vince has of the years, he's had some

673
00:38:01,400 --> 00:38:03,960
Speaker 1: tussles with some of his most popular wrestlers, and I'm

674
00:38:04,000 --> 00:38:07,440
Speaker 1: okay with that. In fact, my criticism of Adam Silver,

675
00:38:07,560 --> 00:38:09,680
Speaker 1: who I think's a smart guy, is that he's too

676
00:38:09,760 --> 00:38:14,319
Speaker 1: pro labor. He is almost paralyzed by his players all

677
00:38:14,400 --> 00:38:19,480
Speaker 1: being happy, which is listen, it's not Rupert Murdoch's job

678
00:38:19,520 --> 00:38:22,280
Speaker 1: to make everybody at Fox News happy. We are workers,

679
00:38:22,400 --> 00:38:26,520
Speaker 1: were employees, and I think the NBA is to consume

680
00:38:26,760 --> 00:38:30,400
Speaker 1: with making sure everybody's happy. The NFL's not. I mean,

681
00:38:30,520 --> 00:38:34,040
Speaker 1: sometimes Roger Goodell has to be punitive. Vince has had

682
00:38:34,120 --> 00:38:37,880
Speaker 1: some battles through the years because Vince is looking at research,

683
00:38:38,080 --> 00:38:40,960
Speaker 1: and Vince knows when guys have hit the wall. That's

684
00:38:41,000 --> 00:38:43,840
Speaker 1: the reality of it. I don't see him as a

685
00:38:43,880 --> 00:38:46,480
Speaker 1: guy Vince who's scarred by it, like he's a businessman.

686
00:38:47,760 --> 00:38:52,960
Speaker 1: Knowing Vince's personality when you first met him, there's the

687
00:38:53,080 --> 00:38:55,520
Speaker 1: picture of Vince. We've seen the interviews, and then you

688
00:38:55,640 --> 00:39:00,560
Speaker 1: meet him. Anything surprised you about Vince and his personality? Yes,

689
00:39:00,680 --> 00:39:03,560
Speaker 1: I think a couple of things. Number One, because he

690
00:39:04,000 --> 00:39:08,239
Speaker 1: is perceived as so tough and because he is so tough,

691
00:39:08,680 --> 00:39:11,640
Speaker 1: and he's perceived as so smart, and he is so smart,

692
00:39:12,160 --> 00:39:16,960
Speaker 1: people don't realize how polite he is. He's very polite

693
00:39:17,520 --> 00:39:22,560
Speaker 1: and he likes polite people. So he's not a gruff executive.

694
00:39:23,680 --> 00:39:26,759
Speaker 1: He's formal in a way. He's old school in that way.

695
00:39:27,320 --> 00:39:29,920
Speaker 1: So he there's not a lot of small talk. Not

696
00:39:30,200 --> 00:39:32,200
Speaker 1: interested in that. And by the way, Colin, just like

697
00:39:32,680 --> 00:39:35,279
Speaker 1: you're not interested in a lot of small talk, I'm

698
00:39:35,320 --> 00:39:37,680
Speaker 1: not interested in the life. We talk about this all

699
00:39:37,719 --> 00:39:40,799
Speaker 1: the time. Correct, But how you doing, how's an how's

700
00:39:40,840 --> 00:39:43,560
Speaker 1: the kids? Everybody's good, everyone's a how's your wife? How's

701
00:39:43,560 --> 00:39:46,319
Speaker 1: the kid? Everyone's great? All right, let's talk shot. Right.

702
00:39:46,760 --> 00:39:49,640
Speaker 1: That's the conversation over and over between you and me,

703
00:39:50,480 --> 00:39:54,280
Speaker 1: very similar to the conversations with him. He's always interested

704
00:39:54,320 --> 00:39:56,839
Speaker 1: in talking business. If you call him at two way,

705
00:39:56,880 --> 00:39:59,480
Speaker 1: and almost every one of my conversations with him goes

706
00:39:59,560 --> 00:40:02,480
Speaker 1: like this. I'll call him up, he picks up, I say,

707
00:40:02,560 --> 00:40:04,960
Speaker 1: can you talk For the most part, he'll say yes,

708
00:40:05,320 --> 00:40:07,600
Speaker 1: and do you mind if we talk shop? He'll say, please,

709
00:40:08,120 --> 00:40:10,680
Speaker 1: we'll talk business. We'll talk business whatever. The outcome of

710
00:40:10,719 --> 00:40:13,920
Speaker 1: that conversation is conversations over we move on to the

711
00:40:14,040 --> 00:40:17,879
Speaker 1: next thing, so he can stick and move quickly. He's

712
00:40:18,160 --> 00:40:21,480
Speaker 1: very polite. He wants to do right by the talent.

713
00:40:21,880 --> 00:40:25,400
Speaker 1: When he feels somebody is pressing him too hard, like

714
00:40:25,560 --> 00:40:28,480
Speaker 1: any fighter, he'll come out of the corner ready to fight,

715
00:40:28,560 --> 00:40:31,359
Speaker 1: but he's calculated in the way that he fights. Very

716
00:40:31,520 --> 00:40:35,000
Speaker 1: very smart business person, as you know. I would imagine

717
00:40:35,960 --> 00:40:39,800
Speaker 1: he's been offered multiple times to sell this. He doesn't

718
00:40:39,840 --> 00:40:44,040
Speaker 1: need the money. It is a often turbulent twenty four

719
00:40:44,200 --> 00:40:48,719
Speaker 1: seven three sixty five lifestyle. Why doesn't he sell it?

720
00:40:49,800 --> 00:40:52,360
Speaker 1: I think for many of us, and I know I

721
00:40:52,440 --> 00:40:54,239
Speaker 1: have the good fortune of knowing a little bit about

722
00:40:54,320 --> 00:40:59,359
Speaker 1: your childhood and background circumstance coming up. I think if

723
00:40:59,400 --> 00:41:03,160
Speaker 1: there's been amult in someone's childhood and they can get

724
00:41:03,320 --> 00:41:06,080
Speaker 1: through that, if you don't get sort of bogged down

725
00:41:06,160 --> 00:41:08,800
Speaker 1: and that stuff, if you can get through it with

726
00:41:09,000 --> 00:41:12,160
Speaker 1: no safety net. There's an old saying, once you've been

727
00:41:12,200 --> 00:41:14,319
Speaker 1: really really hungry, it's hard to be really really full.

728
00:41:15,200 --> 00:41:17,879
Speaker 1: I don't see you retiring in a couple of years.

729
00:41:18,400 --> 00:41:20,640
Speaker 1: And sort of by the way, the thought of retirement,

730
00:41:20,719 --> 00:41:23,360
Speaker 1: when we go through hard days, you may thence whoever

731
00:41:23,440 --> 00:41:25,239
Speaker 1: it is. I'm sure. The thought of like, that'd be

732
00:41:25,320 --> 00:41:26,840
Speaker 1: fun to be on a beach, you know, with my

733
00:41:26,960 --> 00:41:29,000
Speaker 1: wife and not have to worry about these things. Yeah'd

734
00:41:29,040 --> 00:41:34,759
Speaker 1: be fun for like three days too. And I tell

735
00:41:34,840 --> 00:41:36,680
Speaker 1: my wife this all the time. Three day weekends. I

736
00:41:36,800 --> 00:41:40,479
Speaker 1: love Thursday. You get there late Friday, you're at the pool.

737
00:41:40,560 --> 00:41:42,680
Speaker 1: You're like, this is the life I should have. By

738
00:41:42,719 --> 00:41:44,719
Speaker 1: the time like Sunday rolls around, I'm like, all right,

739
00:41:44,760 --> 00:41:46,560
Speaker 1: I don't even need to get to this third day Monday,

740
00:41:46,640 --> 00:41:49,560
Speaker 1: Like this is boring to me. Let's move on, right.

741
00:41:49,880 --> 00:41:52,200
Speaker 1: So I think he has no interest in selling number

742
00:41:52,239 --> 00:41:54,759
Speaker 1: one because he's built it, number two because he's still

743
00:41:54,840 --> 00:41:56,879
Speaker 1: the best person to run it. And number three, what's

744
00:41:56,920 --> 00:41:59,239
Speaker 1: he going to do. There was one executive who said

745
00:41:59,239 --> 00:42:00,960
Speaker 1: to him a couple of year years ago, where are

746
00:42:01,000 --> 00:42:04,320
Speaker 1: you summaring? And Vince was like, what are you talking about?

747
00:42:04,800 --> 00:42:07,520
Speaker 1: It's like summaring, Where are you summaring? Where are you

748
00:42:07,600 --> 00:42:10,400
Speaker 1: spending your summer? And Vince McMahon was like, I'm spending

749
00:42:10,440 --> 00:42:14,800
Speaker 1: in Stamford, Connecticut in my office. What are you talking about?

750
00:42:14,840 --> 00:42:16,400
Speaker 1: So he's not going to be the guy in a

751
00:42:16,480 --> 00:42:18,560
Speaker 1: yacht and doing all those things. I think he's very

752
00:42:18,600 --> 00:42:23,560
Speaker 1: interested and continuing to work. You know, it's he's powerfully smart,

753
00:42:23,680 --> 00:42:28,560
Speaker 1: he's wealthy. One of the hardest things is, I don't

754
00:42:28,560 --> 00:42:31,200
Speaker 1: care if you're Nick Saban, Nick con Vince McMahon, it

755
00:42:31,239 --> 00:42:35,279
Speaker 1: doesn't matter who you are. Is allowing others to make

756
00:42:35,400 --> 00:42:42,040
Speaker 1: crucial decisions. That's hard because if it falls flat. Vince

757
00:42:42,239 --> 00:42:47,680
Speaker 1: is the face of the franchise. Take me through that.

758
00:42:48,320 --> 00:42:54,759
Speaker 1: You've dealt with Bodenheimer, Shanks, you know, probably Eiger, Peter, Rice,

759
00:42:54,960 --> 00:42:58,040
Speaker 1: Vince McMahon. When you're dealing with people who have a

760
00:42:58,160 --> 00:43:01,920
Speaker 1: lot to lose, are the face the captain of an industry?

761
00:43:02,840 --> 00:43:05,400
Speaker 1: Do you sense? Are you aware? Is there a certain

762
00:43:05,520 --> 00:43:08,239
Speaker 1: courage for them to let go? Are they willing to?

763
00:43:08,560 --> 00:43:13,839
Speaker 1: Are they reluctant to? I mean, Vince is wwe Can

764
00:43:13,960 --> 00:43:16,319
Speaker 1: he ever say I'm gonna go with your gut this time,

765
00:43:16,400 --> 00:43:18,960
Speaker 1: not mine? Is that part of his personality or is

766
00:43:19,000 --> 00:43:21,680
Speaker 1: there too much ownership for him? I think for all

767
00:43:21,760 --> 00:43:24,480
Speaker 1: of the folks you mentioned, there's a couple common themes

768
00:43:24,480 --> 00:43:28,279
Speaker 1: with them. Number One, they all talk straight, so when

769
00:43:28,280 --> 00:43:30,719
Speaker 1: you're dealing with the middle management, you'll get a bit

770
00:43:30,760 --> 00:43:33,040
Speaker 1: of a run around. It's right. The title of middle

771
00:43:33,120 --> 00:43:35,880
Speaker 1: manager is obviously a negative title. They give you the

772
00:43:36,000 --> 00:43:38,439
Speaker 1: run around. They won't give it to a straight They'll

773
00:43:38,520 --> 00:43:40,680
Speaker 1: dance around things. They'll say, I have to check with

774
00:43:40,800 --> 00:43:43,800
Speaker 1: my boss. None of those people who you mentioned do that.

775
00:43:44,239 --> 00:43:46,320
Speaker 1: They sort of trust their own gut and they go

776
00:43:46,440 --> 00:43:49,120
Speaker 1: with it. And by the way, if you're wrong, then

777
00:43:49,320 --> 00:43:51,040
Speaker 1: you're wrong and you could be out of a job.

778
00:43:51,400 --> 00:43:53,200
Speaker 1: But that's part of the fun of the whole thing.

779
00:43:53,640 --> 00:43:55,440
Speaker 1: You want to just sit and take direction for the

780
00:43:55,520 --> 00:43:57,880
Speaker 1: rest of your life. None of those people you mentioned

781
00:43:58,160 --> 00:44:00,399
Speaker 1: want to do that. And by the way, to take

782
00:44:00,440 --> 00:44:03,680
Speaker 1: some direction, and we all take direction from the shareholders

783
00:44:03,760 --> 00:44:06,040
Speaker 1: and this and that. But at the end of the day,

784
00:44:06,440 --> 00:44:10,160
Speaker 1: I think Vince with his trusted circle in trusts them

785
00:44:10,680 --> 00:44:13,480
Speaker 1: to make decisions that they think are best for the

786
00:44:13,600 --> 00:44:16,600
Speaker 1: business that he built and we're all now a part of.

787
00:44:17,040 --> 00:44:19,920
Speaker 1: So I've seen that over again. The folks that he

788
00:44:20,040 --> 00:44:23,520
Speaker 1: trusts no different than the Rouper circle. A few years ago.

789
00:44:23,920 --> 00:44:28,000
Speaker 1: Peter Reice trusted Lieutenant Lachlan, obviously his son James at

790
00:44:28,000 --> 00:44:30,480
Speaker 1: the time, who was at the company, Eric Shanks, who's

791
00:44:30,480 --> 00:44:33,640
Speaker 1: been there for so many years. He trusted those people,

792
00:44:33,920 --> 00:44:36,640
Speaker 1: so he was still the boss, but they could make decisions.

793
00:44:36,840 --> 00:44:38,319
Speaker 1: They just had to hope that they get it right,

794
00:44:38,960 --> 00:44:41,080
Speaker 1: so as I do when I come here, and as

795
00:44:41,160 --> 00:44:43,040
Speaker 1: I did when I was an agent. If I was

796
00:44:43,120 --> 00:44:45,759
Speaker 1: giving you advice on hey, here's the lay of the land,

797
00:44:46,080 --> 00:44:48,480
Speaker 1: and I got it wrong, eventually got to fire your

798
00:44:48,520 --> 00:44:51,000
Speaker 1: agent if they get it wrong. It's no different than

799
00:44:51,040 --> 00:44:54,680
Speaker 1: any of those folks at those companies. Nick This weekend

800
00:44:54,960 --> 00:45:01,560
Speaker 1: Saturday Sunday, it is the event for w W take

801
00:45:01,640 --> 00:45:06,719
Speaker 1: me through it. It is such a massive event. The

802
00:45:06,880 --> 00:45:09,360
Speaker 1: number of people, the number of viewers, the number of

803
00:45:09,480 --> 00:45:14,920
Speaker 1: merchandise sould take me through the enormity of it. So

804
00:45:15,960 --> 00:45:18,719
Speaker 1: Russell Mania for US is our super Bowl this year.

805
00:45:18,760 --> 00:45:21,600
Speaker 1: It's a two night event, and the reason we did

806
00:45:21,640 --> 00:45:24,120
Speaker 1: two nights is because number one, there's not a lot

807
00:45:24,239 --> 00:45:27,880
Speaker 1: of sports television on this weekend outside of the Masters,

808
00:45:27,960 --> 00:45:31,000
Speaker 1: which is a different audience than our audience, so you

809
00:45:31,080 --> 00:45:34,480
Speaker 1: get two open nights on TV. We also felt it's

810
00:45:34,520 --> 00:45:38,120
Speaker 1: also our first event with fans back in attendance. So

811
00:45:38,360 --> 00:45:40,960
Speaker 1: we're at Raymond James Stadium, which is the Tampa Bay

812
00:45:40,960 --> 00:45:44,640
Speaker 1: Buccaneers Stadium. They just did the Super Bowl there. Initially,

813
00:45:44,800 --> 00:45:47,440
Speaker 1: we were supposed to be in Los Angeles this weekend

814
00:45:48,000 --> 00:45:51,800
Speaker 1: about nine months ago. Kevin Dunn, our longtime executive producer,

815
00:45:52,080 --> 00:45:54,560
Speaker 1: it's been with the company since nineteen eighty four. He

816
00:45:54,719 --> 00:45:58,319
Speaker 1: invents are largely responsible for how great I think our

817
00:45:58,360 --> 00:46:01,440
Speaker 1: shows look, the production and value of them, which to me,

818
00:46:02,000 --> 00:46:04,440
Speaker 1: I would put up against any sports league, any network

819
00:46:04,520 --> 00:46:07,200
Speaker 1: in the business. Kevin Dunn and Vince and then Vince

820
00:46:07,239 --> 00:46:10,439
Speaker 1: and myself had the conversation of again nine months ago.

821
00:46:10,640 --> 00:46:14,840
Speaker 1: LA is fully locked down. People are not leaving their homes.

822
00:46:15,560 --> 00:46:18,680
Speaker 1: If we have WrestleMania in April of twenty twenty one

823
00:46:18,719 --> 00:46:20,239
Speaker 1: in LA, we're not going to be able to have

824
00:46:20,280 --> 00:46:23,680
Speaker 1: any fans there. Let's move this thing to Florida, which

825
00:46:23,760 --> 00:46:27,239
Speaker 1: is where last year's WrestleMania was supposed to be, as

826
00:46:27,280 --> 00:46:29,880
Speaker 1: will have a better chance of getting fans in safely.

827
00:46:30,360 --> 00:46:34,840
Speaker 1: So for this weekend's event, twenty five per night, twenty

828
00:46:34,880 --> 00:46:37,919
Speaker 1: five thousand for Saturday, twenty five thousand, for Sunday, it's

829
00:46:37,960 --> 00:46:41,279
Speaker 1: our first go back, so it's a performers first go

830
00:46:41,520 --> 00:46:46,080
Speaker 1: back with fans in attendance. Everyone's excited from there. We're

831
00:46:46,160 --> 00:46:49,000
Speaker 1: not going back on tour yet, but we're plotting out

832
00:46:49,120 --> 00:46:52,279
Speaker 1: when we're going to return. Once we return there's no

833
00:46:52,400 --> 00:46:54,680
Speaker 1: going back. So once we return, it's going to be

834
00:46:54,760 --> 00:46:57,719
Speaker 1: twice a week or with NXT three times a week.

835
00:46:58,120 --> 00:47:03,480
Speaker 1: But our performers outwork so many people and so much insane.

836
00:47:04,040 --> 00:47:08,400
Speaker 1: It's insane, the on camera stuff, the off camera stuff.

837
00:47:08,719 --> 00:47:11,600
Speaker 1: The commitment to excellence is something that you see across

838
00:47:11,640 --> 00:47:14,520
Speaker 1: the board here from them, and we're greatly appreciative of that.

839
00:47:16,040 --> 00:47:20,919
Speaker 1: What will in the eyes of the WWE what will

840
00:47:21,040 --> 00:47:23,840
Speaker 1: be a success? What are your standards? What are your goals,

841
00:47:24,760 --> 00:47:28,160
Speaker 1: be it download, TV rating, merchandise sales. How is it

842
00:47:28,360 --> 00:47:31,719
Speaker 1: viewed as eventually? Oh, this work, this hit. So this

843
00:47:31,920 --> 00:47:36,000
Speaker 1: is our first time where it's exclusively on Peacock. First

844
00:47:36,040 --> 00:47:38,520
Speaker 1: event we did one three weeks ago called fast Lane,

845
00:47:38,560 --> 00:47:43,840
Speaker 1: which was on WWE network and Peacock. WrestleMania is exclusively

846
00:47:43,960 --> 00:47:47,560
Speaker 1: on Peacock. So the interesting thing for US is Peacock

847
00:47:47,760 --> 00:47:52,000
Speaker 1: is available for free and all of the Comcast cable homes.

848
00:47:52,320 --> 00:47:56,200
Speaker 1: There's about twenty five million homes. So let's say on

849
00:47:56,320 --> 00:47:59,440
Speaker 1: a Great WrestleMania year, we were up to two million

850
00:47:59,560 --> 00:48:03,440
Speaker 1: plus US on WWE network in the United States. Now

851
00:48:03,520 --> 00:48:06,400
Speaker 1: we're available for free and twenty five million homes. We

852
00:48:06,640 --> 00:48:10,160
Speaker 1: know our first event three weeks ago had a massive

853
00:48:10,520 --> 00:48:13,480
Speaker 1: was a massive success in terms of subs for Peacock.

854
00:48:13,880 --> 00:48:16,320
Speaker 1: We have those numbers. They've asked us not to disclose it.

855
00:48:16,680 --> 00:48:19,239
Speaker 1: We're happy to abide by that, but it was a

856
00:48:19,320 --> 00:48:22,439
Speaker 1: big event. So the expectation for this weekend is big

857
00:48:22,640 --> 00:48:25,399
Speaker 1: in terms of how many people subscribe. Keep in mind

858
00:48:25,600 --> 00:48:29,040
Speaker 1: ww network was nine nine a month. Peacock right now

859
00:48:29,560 --> 00:48:33,160
Speaker 1: is nine for four months, so it's two dollars and

860
00:48:33,280 --> 00:48:35,960
Speaker 1: fifty cents a month. They have the EPL, they'll have

861
00:48:36,080 --> 00:48:38,040
Speaker 1: the Olympics on it, they have the office, they have

862
00:48:38,200 --> 00:48:41,600
Speaker 1: Modern Family. So to our consumers, it was bringing down

863
00:48:41,680 --> 00:48:44,840
Speaker 1: the price point while expanding what they could watch on

864
00:48:44,960 --> 00:48:47,960
Speaker 1: the service. And obviously Peacock did a deal with us

865
00:48:48,040 --> 00:48:49,759
Speaker 1: that we liked or we wouldn't have done the deal.

866
00:48:50,200 --> 00:48:51,960
Speaker 1: So now that we're in the deal, we want to

867
00:48:52,040 --> 00:48:55,800
Speaker 1: over deliver on their expectation for subs and that's the

868
00:48:55,880 --> 00:48:59,359
Speaker 1: hope for this weekend. Where would I be surprised how

869
00:48:59,520 --> 00:49:03,640
Speaker 1: popular WWE is? Is there a country that you were

870
00:49:03,880 --> 00:49:07,719
Speaker 1: surprised when you saw the data? Hugely popular in the Philippines.

871
00:49:09,320 --> 00:49:14,120
Speaker 1: It's interesting if you look at, for example, award show ratings.

872
00:49:14,960 --> 00:49:17,880
Speaker 1: So I think the bigger award shows, the Oscars, the Emmys,

873
00:49:18,239 --> 00:49:21,960
Speaker 1: they all rate really highly in the Philippines. Things that

874
00:49:22,200 --> 00:49:25,160
Speaker 1: no longer necessarily rate here the way they once rated here.

875
00:49:25,520 --> 00:49:29,759
Speaker 1: Miss America, Miss Universe, they all rate highly in the Philippines.

876
00:49:30,280 --> 00:49:34,040
Speaker 1: WW rates highly there. Ultimately, I think it's a desire

877
00:49:34,160 --> 00:49:39,040
Speaker 1: for American product. Also, the statuesque nature of athletes in

878
00:49:39,120 --> 00:49:43,719
Speaker 1: the United States or superstars, actors, actresses, the way that

879
00:49:43,800 --> 00:49:46,839
Speaker 1: they look, that's a big thing in that country. I'd

880
00:49:46,880 --> 00:49:50,160
Speaker 1: spent some time there on the Manny Pacquiao business side

881
00:49:50,200 --> 00:49:53,480
Speaker 1: about fifteen years ago. They like American music, they like

882
00:49:53,560 --> 00:49:56,719
Speaker 1: American pop culture. Our product is really big there. That

883
00:49:56,880 --> 00:49:59,560
Speaker 1: surprised me once I came in and I saw the data.

884
00:50:00,200 --> 00:50:02,480
Speaker 1: Where do you want to grow the market. What country

885
00:50:02,560 --> 00:50:05,000
Speaker 1: do you think right now? I'm going to seize that.

886
00:50:05,160 --> 00:50:09,160
Speaker 1: I'm going to grow that space Latin America and specifically Mexico.

887
00:50:09,800 --> 00:50:12,000
Speaker 1: I think if you look at the Lucha Libre product,

888
00:50:12,080 --> 00:50:16,560
Speaker 1: which is the authentic Mexican wrestling style, they're two smaller

889
00:50:16,680 --> 00:50:20,839
Speaker 1: Mexican promotional companies that exist right now. I think if

890
00:50:20,880 --> 00:50:25,520
Speaker 1: we WWE, if we put the WW effects onto one

891
00:50:25,560 --> 00:50:28,560
Speaker 1: of those companies and we kept the authenticity. I'm talking

892
00:50:28,560 --> 00:50:31,200
Speaker 1: about building our own company, not acquiring either one of these,

893
00:50:31,600 --> 00:50:34,000
Speaker 1: but if it had the WWE touch on it, the

894
00:50:34,239 --> 00:50:37,120
Speaker 1: ww work ethic on it, Ultimately you can build that

895
00:50:37,280 --> 00:50:40,279
Speaker 1: marketplace out where you have certain events there that are

896
00:50:40,320 --> 00:50:44,480
Speaker 1: still doing thirty million viewers, Things that you haven't seen

897
00:50:44,560 --> 00:50:47,280
Speaker 1: in the United States outside of the Super Bowl in years,

898
00:50:47,680 --> 00:50:50,799
Speaker 1: you can still do on a consistent basis there if

899
00:50:50,840 --> 00:50:53,880
Speaker 1: you're on free to air, which is their terminology for

900
00:50:54,000 --> 00:50:57,440
Speaker 1: broadcast network and the terminology year, and you have the

901
00:50:57,600 --> 00:51:00,600
Speaker 1: right local superstars, so we have a hyper focus on

902
00:51:00,680 --> 00:51:03,560
Speaker 1: that region. What is the IT quality? I mean, you

903
00:51:03,640 --> 00:51:08,279
Speaker 1: had broadcasters for years, you know. I don't know if

904
00:51:08,320 --> 00:51:11,200
Speaker 1: I told you this. I've told people before. I think

905
00:51:11,280 --> 00:51:16,840
Speaker 1: the key with radio is storytelling. Twitter it's be witty, books,

906
00:51:16,880 --> 00:51:21,520
Speaker 1: be smart, and TV dynamic, whether it's the casting of

907
00:51:21,680 --> 00:51:25,520
Speaker 1: Mary Tyler Moore, the writing of mash and the sopranos.

908
00:51:26,360 --> 00:51:29,359
Speaker 1: Simon cow popped. He was a dynamic figure even though

909
00:51:29,480 --> 00:51:31,200
Speaker 1: nobody knew who he was in the States, and everybody

910
00:51:31,280 --> 00:51:36,520
Speaker 1: knew Paula Abdul. WWE at its best is dynamic. Television

911
00:51:36,640 --> 00:51:38,239
Speaker 1: is often at its best when you have you know,

912
00:51:38,360 --> 00:51:42,239
Speaker 1: Dick vital in the eighties nineties was dynamic. Is there

913
00:51:42,560 --> 00:51:46,480
Speaker 1: a similarity between TV and a WWE performer in it

914
00:51:46,719 --> 00:51:50,040
Speaker 1: quality that you're looking for or that almost always works.

915
00:51:50,960 --> 00:51:53,200
Speaker 1: I think there's a couple of things. I think you know,

916
00:51:53,239 --> 00:51:55,279
Speaker 1: you talked about a couple of different examples there. So

917
00:51:55,440 --> 00:51:58,400
Speaker 1: to me, theater is an actor's medium, film as a

918
00:51:58,480 --> 00:52:02,360
Speaker 1: director's medium. He is a writer's medium. So it always

919
00:52:02,400 --> 00:52:05,200
Speaker 1: starts with the writing. So what made the Sopranos gate.

920
00:52:05,560 --> 00:52:08,400
Speaker 1: You put a star in a poorly written show, that

921
00:52:08,520 --> 00:52:11,000
Speaker 1: show is going to tank. You put an unknown person

922
00:52:11,200 --> 00:52:14,279
Speaker 1: James Gandelfini in the late nineties into a show that's

923
00:52:14,320 --> 00:52:16,640
Speaker 1: well written, that person is going to become a big star.

924
00:52:17,360 --> 00:52:20,960
Speaker 1: So the same applies here. Are writers are phenomenal and

925
00:52:21,080 --> 00:52:23,400
Speaker 1: it starts with them. Then you have to have the character,

926
00:52:23,840 --> 00:52:26,920
Speaker 1: so the character that works over and over. It's no

927
00:52:27,200 --> 00:52:30,680
Speaker 1: different in my opinion than what's made you so special

928
00:52:30,840 --> 00:52:34,239
Speaker 1: in your genre. You're you. It's just when the light

929
00:52:34,360 --> 00:52:39,399
Speaker 1: turns on, you're you amplified, and that amplified effect. If

930
00:52:39,480 --> 00:52:43,040
Speaker 1: you have the goods without being amplified, if you can

931
00:52:43,120 --> 00:52:45,640
Speaker 1: turn it on to that next level once the light

932
00:52:45,760 --> 00:52:49,160
Speaker 1: goes on, you have a chance of being something. We

933
00:52:49,320 --> 00:52:51,520
Speaker 1: have the good fortune here where if you don't have

934
00:52:52,200 --> 00:52:56,719
Speaker 1: that big Colin Cowherd or rock type personality, we could

935
00:52:56,760 --> 00:52:59,280
Speaker 1: put a mask on you, We could give you a manager,

936
00:52:59,680 --> 00:53:02,800
Speaker 1: We can supplement that in a way that other folks

937
00:53:02,840 --> 00:53:06,120
Speaker 1: and other mediums can't. So that tends to be what

938
00:53:06,360 --> 00:53:09,320
Speaker 1: I think makes for these individual characters and all of

939
00:53:09,360 --> 00:53:14,440
Speaker 1: these mediums. Yeah, it's I've been in the presence of

940
00:53:14,560 --> 00:53:18,280
Speaker 1: Charlotte Flare a couple of times, and there's definitely a presence.

941
00:53:20,640 --> 00:53:22,920
Speaker 1: Is Vince at all surprised, do you believe? Not to

942
00:53:22,960 --> 00:53:26,520
Speaker 1: speak for him, but of the surging popularity of women

943
00:53:26,600 --> 00:53:30,120
Speaker 1: fighters and women wrestlers. Now, I don't think he's surprised

944
00:53:30,160 --> 00:53:32,600
Speaker 1: by it. I think he's thrilled by it, obviously, But

945
00:53:32,760 --> 00:53:36,160
Speaker 1: it's something that he, again, along with Kevin Dunn and

946
00:53:36,239 --> 00:53:39,200
Speaker 1: Bruce and Paul and all these folks, pivoted a few

947
00:53:39,280 --> 00:53:41,680
Speaker 1: years ago. What you saw was all of a sudden,

948
00:53:41,719 --> 00:53:44,640
Speaker 1: this crop of women who could do things that the

949
00:53:44,719 --> 00:53:48,440
Speaker 1: men couldn't do, and could do things that you had

950
00:53:48,520 --> 00:53:52,600
Speaker 1: not seen female performers do previously. So it was something

951
00:53:52,719 --> 00:53:55,200
Speaker 1: new to our audience, so much so that two years

952
00:53:55,239 --> 00:54:00,400
Speaker 1: ago at Wrestlemaniat whatever giant stadium is now called. It

953
00:54:00,560 --> 00:54:04,200
Speaker 1: was our first main event with women, Ronda Rousey three

954
00:54:04,239 --> 00:54:08,120
Speaker 1: way match, Ronda Rousey, Becky Lynch, Charlotte Flair, did big,

955
00:54:08,200 --> 00:54:11,279
Speaker 1: big numbers for the network, did big box office. And

956
00:54:11,520 --> 00:54:14,200
Speaker 1: by the way, Ronda is going to be coming back

957
00:54:14,400 --> 00:54:17,120
Speaker 1: at a certain point in time. Becky Lynch just had

958
00:54:17,160 --> 00:54:19,160
Speaker 1: her first baby. She's going to be coming back at

959
00:54:19,200 --> 00:54:22,000
Speaker 1: a certain point in time in the not too distant future.

960
00:54:22,480 --> 00:54:25,200
Speaker 1: So we're as bullish on that group of folks as

961
00:54:25,280 --> 00:54:28,040
Speaker 1: on anything else at this company. By the way, do

962
00:54:28,120 --> 00:54:30,920
Speaker 1: you know who my most popular podcaster is on my

963
00:54:31,080 --> 00:54:34,640
Speaker 1: podcast network the volume, Renee Paquette. I do, yes, Renee

964
00:54:34,680 --> 00:54:38,840
Speaker 1: Pacquette formerly known as Renee Young, very tacted, nice person

965
00:54:39,000 --> 00:54:42,279
Speaker 1: also as you know, which always helps in business. But yeah,

966
00:54:42,280 --> 00:54:45,799
Speaker 1: it's a very good podcast and she does. She does

967
00:54:45,960 --> 00:54:51,719
Speaker 1: good storyteller, interviews, interesting people, all right now, you know

968
00:54:51,800 --> 00:54:57,120
Speaker 1: it's interesting as it's when I look at the WWE.

969
00:54:57,960 --> 00:54:59,800
Speaker 1: So you got the Peacock deal, you got the f

970
00:55:00,239 --> 00:55:06,000
Speaker 1: Deel International. You'd like to get bigger, you said, south

971
00:55:06,040 --> 00:55:09,719
Speaker 1: of the American border in Mexico, you know, these tech

972
00:55:09,800 --> 00:55:14,239
Speaker 1: companies gobble stuff up tech. I tell friends us all

973
00:55:14,280 --> 00:55:16,680
Speaker 1: the time. Two things will control our lives going forward.

974
00:55:16,920 --> 00:55:20,200
Speaker 1: Silicon Valley in the Supreme Court, one leans left, one

975
00:55:20,320 --> 00:55:26,720
Speaker 1: leans currently right is cold. Could WWE manifest itself into

976
00:55:26,800 --> 00:55:31,640
Speaker 1: a semi tech company? Is that interesting? Is that too vague?

977
00:55:32,239 --> 00:55:35,680
Speaker 1: Do you? I mean? Obviously the streaming is a massive deal.

978
00:55:35,840 --> 00:55:38,920
Speaker 1: Is that the beginning of something larger? How do you

979
00:55:39,000 --> 00:55:42,080
Speaker 1: guys view It's such a simplistic question. How do you

980
00:55:42,239 --> 00:55:46,160
Speaker 1: view tech in your relationship with it? I think what

981
00:55:46,320 --> 00:55:49,040
Speaker 1: we realized when we did the Peacock deal is when

982
00:55:49,200 --> 00:55:52,560
Speaker 1: WWE Network launched in twenty fourteen, it was really just

983
00:55:52,760 --> 00:55:55,920
Speaker 1: Netflix in US, So all we had to have was

984
00:55:55,960 --> 00:55:58,759
Speaker 1: the second best technology after Netflix, and we were going

985
00:55:58,800 --> 00:56:01,520
Speaker 1: to be in good shape. Now that the streaming wars

986
00:56:01,640 --> 00:56:04,680
Speaker 1: have begun, you have companies far bigger than ours who

987
00:56:04,760 --> 00:56:06,920
Speaker 1: have entered the space and are going to put far

988
00:56:07,040 --> 00:56:09,840
Speaker 1: more dollars into the tech space to make sure that

989
00:56:09,960 --> 00:56:12,320
Speaker 1: they stay ahead of the game. So that's not the

990
00:56:12,400 --> 00:56:14,800
Speaker 1: business that we wanted to be in anymore, which is

991
00:56:14,880 --> 00:56:16,880
Speaker 1: part of the reason we did the deal with Peacock.

992
00:56:17,320 --> 00:56:20,600
Speaker 1: What we do want to focus on is our intellectual property.

993
00:56:21,000 --> 00:56:22,759
Speaker 1: So if you look at the characters that have been

994
00:56:22,800 --> 00:56:25,719
Speaker 1: created over time. I remember a moment in time, and

995
00:56:25,760 --> 00:56:28,719
Speaker 1: I'm sure you do too, where Marvel, for example, this

996
00:56:28,880 --> 00:56:32,640
Speaker 1: is pre Disney purchase of Marvel, could not get distribution

997
00:56:32,800 --> 00:56:35,120
Speaker 1: on some of its movies where they had to do

998
00:56:35,280 --> 00:56:38,879
Speaker 1: sweetheart deals for like the original Incredible Hulk movie from

999
00:56:38,920 --> 00:56:42,440
Speaker 1: the early two thousands. No one was interested. No one

1000
00:56:42,520 --> 00:56:45,560
Speaker 1: saw Marvel as a company that could do film. If

1001
00:56:45,600 --> 00:56:48,040
Speaker 1: you look at what kinds of movies are being made

1002
00:56:48,120 --> 00:56:51,720
Speaker 1: right now, it's really just two kinds of movies, superheroes

1003
00:56:52,000 --> 00:56:55,919
Speaker 1: and under twenty million dollar art house pictures. So people

1004
00:56:55,960 --> 00:56:59,440
Speaker 1: were so wrong about Marvel that everyone got into that

1005
00:56:59,520 --> 00:57:03,520
Speaker 1: genre eventually, eventually there was an overcorrection. We think we're

1006
00:57:03,520 --> 00:57:06,719
Speaker 1: sitting on a treasure trove of intellectual property, and that's

1007
00:57:06,760 --> 00:57:09,279
Speaker 1: been one of the big focuses, certainly prior to me

1008
00:57:09,400 --> 00:57:11,359
Speaker 1: getting here, But in the last eight months since I've

1009
00:57:11,360 --> 00:57:14,240
Speaker 1: been here. For the record, one of my best friends

1010
00:57:14,280 --> 00:57:19,480
Speaker 1: in Hollywood, his dad used to run a studio, and

1011
00:57:19,680 --> 00:57:22,920
Speaker 1: his first job, his dad sent him to the Marvel

1012
00:57:23,760 --> 00:57:28,600
Speaker 1: basement to archive all the Marvel movies, and so Iger

1013
00:57:28,720 --> 00:57:32,000
Speaker 1: buys it for four billion dollars, and my friend I

1014
00:57:32,120 --> 00:57:33,920
Speaker 1: worked at Disney at the time I worked at ESPN.

1015
00:57:34,840 --> 00:57:37,320
Speaker 1: I said, what do you make of that number? He goes, Colin,

1016
00:57:37,640 --> 00:57:42,520
Speaker 1: I know every superhero action figure in the Marvel world.

1017
00:57:43,640 --> 00:57:46,400
Speaker 1: I don't know how you're gonna squeeze two billion out

1018
00:57:46,440 --> 00:57:50,160
Speaker 1: of this? And then iron Man? I think iron Man

1019
00:57:50,320 --> 00:57:53,720
Speaker 1: made four billion dollars. You know. Jerry Jones often says

1020
00:57:53,800 --> 00:57:59,320
Speaker 1: this nick that when he tries to get a deal,

1021
00:57:59,800 --> 00:58:02,720
Speaker 1: he gets a deal that almost everything worth its weight

1022
00:58:02,960 --> 00:58:06,720
Speaker 1: he overpaid for. You work in a billion dollars world.

1023
00:58:06,800 --> 00:58:11,640
Speaker 1: Now think of all the deals you've broken. Is there

1024
00:58:11,680 --> 00:58:14,280
Speaker 1: a moment of anxiety? Want it to be not an

1025
00:58:14,400 --> 00:58:16,120
Speaker 1: m when it's a billion, not a million? How do

1026
00:58:16,280 --> 00:58:20,480
Speaker 1: you view it? There's not a moment of anxiety when

1027
00:58:20,480 --> 00:58:24,400
Speaker 1: it comes to that. To me, my belief in every enterprise.

1028
00:58:25,160 --> 00:58:28,560
Speaker 1: So for example, I know privately and we won't discuss

1029
00:58:28,640 --> 00:58:30,800
Speaker 1: the finances of it, but I believe, if I'm correct,

1030
00:58:30,840 --> 00:58:34,280
Speaker 1: you just bought a new home, yes right. I don't

1031
00:58:34,320 --> 00:58:37,960
Speaker 1: believe that you offered less than what asking price was,

1032
00:58:38,080 --> 00:58:40,520
Speaker 1: or that you tried to save a hundred thousand dollars

1033
00:58:40,880 --> 00:58:43,080
Speaker 1: to show how shrewd of a negotiator you were. Am

1034
00:58:43,120 --> 00:58:45,800
Speaker 1: I correct in that yeah. I actually gave them two

1035
00:58:45,880 --> 00:58:49,120
Speaker 1: hundred thousand more than asking because I thought it would

1036
00:58:49,160 --> 00:58:54,080
Speaker 1: be a very competitive situation. I thought I'd rather overpay

1037
00:58:54,120 --> 00:58:58,040
Speaker 1: and get the house. That's exactly right, and I think

1038
00:58:58,160 --> 00:59:01,320
Speaker 1: there are a few people in this world who have

1039
00:59:01,640 --> 00:59:04,919
Speaker 1: that instinct. You're that way. I'd like to think weird

1040
00:59:05,000 --> 00:59:08,040
Speaker 1: that way, and most of the people running these networks

1041
00:59:08,080 --> 00:59:10,800
Speaker 1: are that way. What's the difference over time? As long

1042
00:59:10,880 --> 00:59:13,560
Speaker 1: as you and Anne enjoy that house with your family

1043
00:59:13,680 --> 00:59:16,400
Speaker 1: for ten years, fifteen years, five years, whatever it is

1044
00:59:16,440 --> 00:59:18,120
Speaker 1: you want, the house is not going to go down

1045
00:59:18,200 --> 00:59:20,320
Speaker 1: in value. And by the way, if it does and

1046
00:59:20,440 --> 00:59:22,520
Speaker 1: you have to lose two hundred three hundred, who cares.

1047
00:59:22,640 --> 00:59:24,400
Speaker 1: At the end of the day. I'm not counting the

1048
00:59:24,440 --> 00:59:27,280
Speaker 1: money in your pocket or in anyone else's pocket. But

1049
00:59:27,400 --> 00:59:29,920
Speaker 1: if you want something, you go out and pay for it.

1050
00:59:30,480 --> 00:59:33,120
Speaker 1: That's what I believe we do. That's what I believe

1051
00:59:33,200 --> 00:59:35,960
Speaker 1: the people were in business with do. So the first

1052
00:59:36,000 --> 00:59:38,439
Speaker 1: thing I look for in a negotiation. If someone's nickel

1053
00:59:38,480 --> 00:59:40,520
Speaker 1: and diming over nonsense, I don't want to be in

1054
00:59:40,600 --> 00:59:43,840
Speaker 1: business with them. It's not worth it because when things

1055
00:59:43,960 --> 00:59:46,919
Speaker 1: go awry, and eventually they will, in any of these relationships.

1056
00:59:47,160 --> 00:59:49,720
Speaker 1: They're going to grind you on small things. It is

1057
00:59:49,840 --> 00:59:52,280
Speaker 1: not worth it if you come in like you did

1058
00:59:52,360 --> 00:59:54,520
Speaker 1: on the house. Hey, we saw the house, we love

1059
00:59:54,560 --> 00:59:57,240
Speaker 1: the house, we want the house. Here's asking price? All right,

1060
00:59:57,400 --> 01:00:00,240
Speaker 1: we're going to offer you over asking price. We're going

1061
01:00:00,280 --> 01:00:03,360
Speaker 1: to make an all cash offer for the tough for

1062
01:00:03,440 --> 01:00:05,600
Speaker 1: the seller at at home to say no. I think

1063
01:00:05,640 --> 01:00:08,120
Speaker 1: the same principle of prize in business, just get the

1064
01:00:08,200 --> 01:00:11,240
Speaker 1: deal done. Is there anything about being an agent you miss?

1065
01:00:11,520 --> 01:00:17,360
Speaker 1: Any little subset of issues that you know? There's obviously

1066
01:00:17,360 --> 01:00:20,480
Speaker 1: stuff you do you don't miss, But is there was

1067
01:00:20,560 --> 01:00:23,720
Speaker 1: there anything maybe being an agent to your current role

1068
01:00:24,360 --> 01:00:31,360
Speaker 1: that a was a great assistance in becoming WWE head

1069
01:00:32,200 --> 01:00:34,040
Speaker 1: Or is there anything you look back and go, you

1070
01:00:34,120 --> 01:00:36,800
Speaker 1: know that part was fun? Or because I always look

1071
01:00:36,840 --> 01:00:41,840
Speaker 1: at the agent business me personally is a lot of drudgery.

1072
01:00:42,040 --> 01:00:43,960
Speaker 1: I like, I look at you now and I think, God,

1073
01:00:44,080 --> 01:00:46,720
Speaker 1: what a fun job. It's challenging, but how much fun.

1074
01:00:48,280 --> 01:00:51,800
Speaker 1: Look I think being an agent I'm phenomenally grateful for that.

1075
01:00:52,080 --> 01:00:55,360
Speaker 1: I loved it, every moment of it, even the sort

1076
01:00:55,360 --> 01:00:59,080
Speaker 1: of quote unquote headaches of it. You're there. One thing

1077
01:00:59,120 --> 01:01:01,840
Speaker 1: I learned early on there's no client who's calling you

1078
01:01:02,120 --> 01:01:05,200
Speaker 1: just because they want to hear your voice. The client's

1079
01:01:05,280 --> 01:01:08,040
Speaker 1: calling you because they need something and they believe that

1080
01:01:08,200 --> 01:01:11,640
Speaker 1: you can solve it. It's the same thing here, So

1081
01:01:11,960 --> 01:01:15,440
Speaker 1: it's not that much different than what I did as

1082
01:01:15,480 --> 01:01:18,320
Speaker 1: an agent. What I'm here to help do is if

1083
01:01:18,400 --> 01:01:20,920
Speaker 1: there's a problem, help us solve it. We need to

1084
01:01:21,120 --> 01:01:24,480
Speaker 1: monetize things further. So again, when you would call me,

1085
01:01:24,600 --> 01:01:26,960
Speaker 1: as much of a friendship as we developed, it was

1086
01:01:27,000 --> 01:01:31,000
Speaker 1: always important for me to let you know, excuse me,

1087
01:01:31,440 --> 01:01:34,400
Speaker 1: that it was a business relationship first from your point

1088
01:01:34,440 --> 01:01:37,640
Speaker 1: of view to mine that I'd answer the call when

1089
01:01:37,680 --> 01:01:39,600
Speaker 1: you call, or I could text your back. I'll hit

1090
01:01:39,600 --> 01:01:42,200
Speaker 1: you in thirty minutes, whatever it is. But there would

1091
01:01:42,240 --> 01:01:44,200
Speaker 1: never be a Tuesday where you called me and you

1092
01:01:44,240 --> 01:01:46,720
Speaker 1: didn't hear back from me. You're calling me because you

1093
01:01:46,920 --> 01:01:50,320
Speaker 1: wanted to discuss something. So if I'm there to fill

1094
01:01:50,440 --> 01:01:53,440
Speaker 1: that gap, great, I have a chance of having success

1095
01:01:53,600 --> 01:01:56,320
Speaker 1: with you. If I'm not there, someone else is going

1096
01:01:56,360 --> 01:01:58,840
Speaker 1: to come in there. It's no different than calling your

1097
01:01:58,920 --> 01:02:02,080
Speaker 1: doctor or your lawyer, or any other service provider in

1098
01:02:02,120 --> 01:02:04,800
Speaker 1: your life. If I call my lawyer, if I call

1099
01:02:04,880 --> 01:02:07,760
Speaker 1: my doctor, I'm not expecting a call back two days later.

1100
01:02:08,040 --> 01:02:10,200
Speaker 1: I'm expecting to pick up the phone. And if you

1101
01:02:10,360 --> 01:02:12,480
Speaker 1: can't pick up the phone at that moment, no problem,

1102
01:02:12,520 --> 01:02:15,040
Speaker 1: call me in an hour. It's the same thing here.

1103
01:02:15,400 --> 01:02:19,400
Speaker 1: It's just instead of representing thirty different people, I'm representing

1104
01:02:19,520 --> 01:02:23,160
Speaker 1: one enterprise internally and trying to help in thirty different areas.

1105
01:02:23,560 --> 01:02:25,640
Speaker 1: You're not a big sleeper anyway. How much sleep will

1106
01:02:25,680 --> 01:02:29,080
Speaker 1: you get over the course of Friday, Saturday, Sunday in Tampa. Listen,

1107
01:02:29,480 --> 01:02:32,320
Speaker 1: here's what I'll tell you. I feel like there's no

1108
01:02:32,440 --> 01:02:36,160
Speaker 1: one who's successful, who people want to hear where people

1109
01:02:36,240 --> 01:02:40,200
Speaker 1: want to hear from them. I'm tired. I'm tired. Nobody

1110
01:02:40,400 --> 01:02:44,720
Speaker 1: gives a shit, And you and I have talked about

1111
01:02:44,760 --> 01:02:47,080
Speaker 1: this previously. There's certain things in life that others don't

1112
01:02:47,120 --> 01:02:50,680
Speaker 1: care about. No one cares when your travels delayed. No

1113
01:02:50,840 --> 01:02:52,840
Speaker 1: one cares when you know you stub your toe at

1114
01:02:52,920 --> 01:02:54,760
Speaker 1: night on the bed and you're trying to show people

1115
01:02:54,800 --> 01:02:58,360
Speaker 1: how injured you are. No one gives a fuck. So

1116
01:02:58,560 --> 01:03:00,880
Speaker 1: in terms of sleep and all of that stuff, it's

1117
01:03:00,960 --> 01:03:04,360
Speaker 1: far overrated to me. I think it's great, get your rest,

1118
01:03:04,520 --> 01:03:06,400
Speaker 1: be fresh and all of that stuff. But again, if

1119
01:03:06,440 --> 01:03:08,800
Speaker 1: somebody's calling you and they need something, and that's a

1120
01:03:08,880 --> 01:03:11,600
Speaker 1: business relationship, you better be there to provide them with

1121
01:03:11,720 --> 01:03:16,240
Speaker 1: that something. You better find another trade. Hey, they created

1122
01:03:16,640 --> 01:03:19,360
Speaker 1: melatonin for three and a half quick hours. Get up, boom,

1123
01:03:19,400 --> 01:03:22,200
Speaker 1: ready to go. That's we got to perform, baby, Come on,

1124
01:03:22,320 --> 01:03:24,400
Speaker 1: we gotta perform. No one wants to hear when you

1125
01:03:24,480 --> 01:03:26,320
Speaker 1: go on the air, No one wants to hear from you.

1126
01:03:26,360 --> 01:03:29,720
Speaker 1: I'm really tired today. I had a tough night. You know,

1127
01:03:29,720 --> 01:03:31,480
Speaker 1: I tossed them. They want to hear what's your take

1128
01:03:31,520 --> 01:03:34,920
Speaker 1: on the game last night? The college championship? Who's going

1129
01:03:34,960 --> 01:03:37,240
Speaker 1: to become a star. That's what people want to hear

1130
01:03:37,280 --> 01:03:39,880
Speaker 1: from you, and that's what you deliver them. It's a

1131
01:03:39,920 --> 01:03:42,480
Speaker 1: great seeing you, man. Thank you for having me on

1132
01:03:42,640 --> 01:03:45,040
Speaker 1: and thanks for supporting us and all that you do.

1133
01:03:45,880 --> 01:03:49,320
Speaker 1: Oh of course, man, it's I just feel very fortunate

1134
01:03:49,720 --> 01:03:51,800
Speaker 1: and I'm not going to get emotional. Nobody wants to

1135
01:03:51,800 --> 01:03:54,560
Speaker 1: hear that shit either, all right, buddy, Thanks Matt. I

1136
01:03:54,560 --> 01:03:57,200
Speaker 1: appreciate everything. My best to add my best to you always.

1137
01:03:57,280 --> 01:04:02,280
Speaker 1: Thanks for everything. Say hi to a vet in the fan. Hey, folks,

1138
01:04:02,360 --> 01:04:06,400
Speaker 1: we've partnered with fan Duel on a daily Fantasy Contest

1139
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Speaker 1: for the Masters. In order to enter the Volume Golf Pool,

1140
01:04:11,240 --> 01:04:16,200
Speaker 1: just head tofanduel dot com slash Volume Golf. That's FanDuel

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01:04:23,600 --> 01:04:26,880
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Speaker 1: plus first prize wins a swag package provided by The Volume.

1146
01:04:35,080 --> 01:04:38,479
Speaker 1: Remember to rate this show and subscribe wherever you listen

1147
01:04:38,520 --> 01:04:42,520
Speaker 1: to our podcasts. Also, The Volume now on YouTube. Yep,

1148
01:04:42,560 --> 01:04:46,439
Speaker 1: We're on YouTube. We'll be uploading new episodes and clips daily,

1149
01:04:46,520 --> 01:04:49,320
Speaker 1: including some past interviews in moments from all of our shows.

1150
01:04:49,760 --> 01:04:54,000
Speaker 1: Please go subscribe to our YouTube channel at YouTube dot com.

1151
01:04:54,320 --> 01:05:28,680
Speaker 1: Backslash the Volume, m HM The Volume