1 00:00:00,200 --> 00:00:04,960 Speaker 1: Welcome to Strictly Business, Variety's weekly podcasts featuring conversations with 2 00:00:05,080 --> 00:00:09,080 Speaker 1: industry leaders about the business of media and entertainment. I'm 3 00:00:09,119 --> 00:00:12,880 Speaker 1: Cynthia Littleton, co editor in chief of Variety. Well, this 4 00:00:13,039 --> 00:00:16,560 Speaker 1: is a very special episode of Strictly Business. Indeed, I 5 00:00:16,600 --> 00:00:21,360 Speaker 1: am coming to you live on tape while hurtling through 6 00:00:21,680 --> 00:00:25,840 Speaker 1: the French countryside heading north to Charles de Gaul Airport 7 00:00:25,920 --> 00:00:34,400 Speaker 1: in Paris. I am just left Marseille about ten minutes ago. 8 00:00:36,320 --> 00:00:39,760 Speaker 1: Dear listeners, thanks for writing with me on a special 9 00:00:39,800 --> 00:00:43,720 Speaker 1: episode of this podcast. It combines my love for trains 10 00:00:44,040 --> 00:00:46,640 Speaker 1: and my love for yaking about the media business and 11 00:00:46,680 --> 00:00:50,880 Speaker 1: how it's changing. I captured some thoughts while locomotoring through 12 00:00:50,880 --> 00:00:55,040 Speaker 1: the French countryside after covering the MIPCOM market and conference 13 00:00:55,120 --> 00:00:58,959 Speaker 1: in can during the week of October sixteenth. As always, 14 00:00:59,320 --> 00:01:02,640 Speaker 1: it's so i opening to travel overseas and see how 15 00:01:02,760 --> 00:01:05,959 Speaker 1: vast the media world is beyond the confines of the US. 16 00:01:06,840 --> 00:01:10,759 Speaker 1: I pick up insights just walking around the crosset and environs. 17 00:01:11,680 --> 00:01:14,600 Speaker 1: I also picked up a head cold somewhere along the way, 18 00:01:15,080 --> 00:01:18,959 Speaker 1: but armed with throat lozenges, I soldiered on. I was 19 00:01:19,040 --> 00:01:22,600 Speaker 1: fortunate to be asked by MIPCOM organizers to conduct sit 20 00:01:22,680 --> 00:01:27,280 Speaker 1: down interviews with three high profile subjects. Paramount Global CEO 21 00:01:27,440 --> 00:01:32,559 Speaker 1: Bob Bakish was named mipcom's Personality of the Year. Maxim Seda, 22 00:01:33,000 --> 00:01:39,000 Speaker 1: CEO of Canal Pluse, was Variety's Vanguard Award recipient, recognizing 23 00:01:39,000 --> 00:01:43,440 Speaker 1: his contributions to the global TV business. And Eva Longoria 24 00:01:43,560 --> 00:01:46,959 Speaker 1: and Chris Abrego traveled to the French Riviera to announce 25 00:01:47,000 --> 00:01:52,600 Speaker 1: their new production and talent development venture, Hyphenate. Also during 26 00:01:52,600 --> 00:01:55,880 Speaker 1: my rounds at the Palais, I had an emotional interview 27 00:01:56,160 --> 00:02:01,880 Speaker 1: with Nadav Palti, CEO of Israel's Door Media. That's all 28 00:02:01,920 --> 00:02:13,280 Speaker 1: coming up after this break and we're back with observations 29 00:02:13,320 --> 00:02:17,680 Speaker 1: on the global content marketplace. I would say that McComb 30 00:02:17,840 --> 00:02:20,880 Speaker 1: was a busy market, if not a buoyant market. There 31 00:02:20,919 --> 00:02:24,520 Speaker 1: was lots of activity, lots of talk about deals. There 32 00:02:24,520 --> 00:02:28,000 Speaker 1: were some deals that were signed there in the Palais 33 00:02:28,080 --> 00:02:30,240 Speaker 1: and in the coas said, but a lot. As always 34 00:02:30,240 --> 00:02:33,519 Speaker 1: with these kind of conferences, there's a lot of conversations 35 00:02:33,520 --> 00:02:36,359 Speaker 1: that initiate and then a lot of paperwork and lawyer 36 00:02:36,440 --> 00:02:40,079 Speaker 1: work that has to ensue. But definitely everyone all the 37 00:02:40,080 --> 00:02:44,840 Speaker 1: big and small, established and relatively new. Everybody was having meetings. 38 00:02:44,880 --> 00:02:47,919 Speaker 1: There was a lot of activity and that all seemed 39 00:02:47,919 --> 00:02:53,800 Speaker 1: to reflect the other cross currents, which is unmistakably the 40 00:02:53,919 --> 00:02:59,079 Speaker 1: large European players sense opportunity out there. They are very 41 00:02:59,160 --> 00:03:02,959 Speaker 1: much watching the turmoil in the US at the US majors, 42 00:03:03,200 --> 00:03:07,080 Speaker 1: between the labor strikes that have handicapped production this year, 43 00:03:07,480 --> 00:03:10,919 Speaker 1: to all of their restructuring, the streaming losses that the 44 00:03:10,960 --> 00:03:13,960 Speaker 1: old Guard studios have incurred as they try to make 45 00:03:14,000 --> 00:03:17,360 Speaker 1: the transition from linear to streaming. All of that is 46 00:03:17,360 --> 00:03:21,919 Speaker 1: being watched very carefully by very savvy European players. Every 47 00:03:21,960 --> 00:03:25,240 Speaker 1: single person I spoke with mentioned to me, you know 48 00:03:25,320 --> 00:03:28,800 Speaker 1: that there's such a lower price point for production in Europe. 49 00:03:29,000 --> 00:03:30,720 Speaker 1: You can just sense that there's going to be a 50 00:03:30,720 --> 00:03:35,440 Speaker 1: push to bring more production to Europe, arguing that there 51 00:03:35,640 --> 00:03:39,680 Speaker 1: is a ready talent pool that has become very skilled 52 00:03:39,720 --> 00:03:42,200 Speaker 1: with the streaming boom, there is so much production all 53 00:03:42,240 --> 00:03:46,200 Speaker 1: over Western Europe, Eastern Europe, and that ensues and with 54 00:03:46,360 --> 00:03:50,840 Speaker 1: that comes a skilled talent pool that is looking for work. 55 00:03:51,120 --> 00:03:53,720 Speaker 1: Of course, they're watching to see the great contraction if 56 00:03:53,760 --> 00:03:57,080 Speaker 1: the streamers have less appetite than they have had in 57 00:03:57,120 --> 00:03:59,880 Speaker 1: the last couple of years. But the kind of europe 58 00:04:00,120 --> 00:04:02,840 Speaker 1: and co production projects that are really kind of humming 59 00:04:03,240 --> 00:04:07,000 Speaker 1: are the kind of lower price point things that streamers want. 60 00:04:07,280 --> 00:04:10,160 Speaker 1: They may only appeal to a niche audience, but that 61 00:04:10,320 --> 00:04:13,320 Speaker 1: niche audience is going to love that costume drama from 62 00:04:13,400 --> 00:04:18,960 Speaker 1: Sweden or a ry satirical comedy coming out of Brazil 63 00:04:19,240 --> 00:04:23,000 Speaker 1: with subtitles. All of the producers I spoke with mentioned 64 00:04:23,080 --> 00:04:26,159 Speaker 1: that the tyranny of dealing with subtitles and dubbing is 65 00:04:26,400 --> 00:04:29,800 Speaker 1: over audiences in the US and other markets that had 66 00:04:29,839 --> 00:04:33,240 Speaker 1: been thought to be totally resistant to either subtitles or 67 00:04:33,320 --> 00:04:37,000 Speaker 1: dubbing is absolutely lifting, and certainly subtitles is winning for 68 00:04:37,040 --> 00:04:39,840 Speaker 1: many reasons. The US was a big holdout for that, 69 00:04:39,920 --> 00:04:43,440 Speaker 1: but all the much evidence shows that those fears are 70 00:04:43,480 --> 00:04:48,760 Speaker 1: definitely lifting, and that raises the hopes of many many producers, 71 00:04:49,200 --> 00:04:52,320 Speaker 1: and especially the labor strife, which is something Hollywood hasn't 72 00:04:52,360 --> 00:04:55,120 Speaker 1: had in a long time, and especially to this degree. 73 00:04:55,320 --> 00:04:58,159 Speaker 1: Europe is very well aware of general strikes in the 74 00:04:58,240 --> 00:05:01,920 Speaker 1: general sense of when there is a period of labor unrest, 75 00:05:01,960 --> 00:05:05,960 Speaker 1: and there is definite efforts to emphasize the appeal of 76 00:05:06,000 --> 00:05:09,279 Speaker 1: working with European talent in many ways. I took a 77 00:05:09,279 --> 00:05:11,960 Speaker 1: lot of meetings during my three days at Mipcom. I 78 00:05:12,040 --> 00:05:15,520 Speaker 1: was very excited to meet a couple of compelling female CEOs, 79 00:05:16,000 --> 00:05:22,000 Speaker 1: including Telepool CEO Yoko Haguchi Zitzman. And it's funny that 80 00:05:22,040 --> 00:05:23,960 Speaker 1: I had to travel all the way to cann to 81 00:05:24,080 --> 00:05:27,640 Speaker 1: learn that that company based out of Munich is owned 82 00:05:27,640 --> 00:05:31,480 Speaker 1: by Will Smith's Westbrook Company. I knew it on paper, 83 00:05:31,600 --> 00:05:34,359 Speaker 1: but the significance of it and the interesting parts of 84 00:05:34,360 --> 00:05:36,720 Speaker 1: it didn't sink in till I was sitting talking with 85 00:05:36,800 --> 00:05:39,719 Speaker 1: them in their booth in the Palais. Yoko brought with 86 00:05:39,760 --> 00:05:42,440 Speaker 1: her to Mipcom a very big swing for their company, 87 00:05:42,760 --> 00:05:48,400 Speaker 1: Davos nineteen seventeen, a big, sudzy soapy limited series that 88 00:05:48,680 --> 00:05:52,920 Speaker 1: has romance, espionage, intrigue. It seems like the kind of 89 00:05:52,960 --> 00:05:56,840 Speaker 1: costume drama that is going to be catniped for some streamer, 90 00:05:56,920 --> 00:05:59,400 Speaker 1: and it's already set up well in Europe with a 91 00:05:59,480 --> 00:06:03,479 Speaker 1: couple of broadcasters, and she's excited about the potential for 92 00:06:03,520 --> 00:06:05,680 Speaker 1: that project. I could stand here and talk about the 93 00:06:05,720 --> 00:06:08,840 Speaker 1: media business and watch the French countryside go by for 94 00:06:08,880 --> 00:06:11,760 Speaker 1: a few more hours, but I can tell I'm wearing thin. 95 00:06:11,920 --> 00:06:15,320 Speaker 1: The patients of my fellow passengers some more to come. 96 00:06:16,520 --> 00:06:20,000 Speaker 1: Paramount Global CEO Bob b Akish first came to mipcom 97 00:06:20,240 --> 00:06:25,600 Speaker 1: years ago as head of Viacom's International TV Channels group. Today, 98 00:06:25,640 --> 00:06:29,159 Speaker 1: he's leading the entire company through a difficult period of transition, 99 00:06:29,560 --> 00:06:32,440 Speaker 1: but his confidence that better days are ahead comes through 100 00:06:32,520 --> 00:06:36,440 Speaker 1: loud and clear in our conversation. As you said here today, 101 00:06:36,720 --> 00:06:40,120 Speaker 1: how do you feel you articulated the Paramount had sort 102 00:06:40,160 --> 00:06:43,240 Speaker 1: of taken its third way? How do you feel about 103 00:06:43,279 --> 00:06:47,560 Speaker 1: the health of Paramount streaming business and that sort of that. 104 00:06:48,320 --> 00:06:52,520 Speaker 1: How do you feel about Hollywood's long term decision made 105 00:06:52,520 --> 00:06:55,560 Speaker 1: about five years ago to really go forward into direct 106 00:06:55,560 --> 00:06:58,200 Speaker 1: to consumer? Do you think that the business maybe went 107 00:06:58,240 --> 00:07:00,920 Speaker 1: a little too headlong into direct to consumer? 108 00:07:01,200 --> 00:07:02,520 Speaker 2: Yeah, So I'd say a couple things. 109 00:07:03,120 --> 00:07:06,520 Speaker 3: First, I'd reiterate what you said, which is two years 110 00:07:06,560 --> 00:07:09,160 Speaker 3: ago we said twenty twenty three was our peak investment 111 00:07:09,200 --> 00:07:12,520 Speaker 3: year in streaming. Today we're still saying that it's our 112 00:07:12,560 --> 00:07:16,600 Speaker 3: peak investment year in streaming. And we've also said publicly 113 00:07:16,720 --> 00:07:20,320 Speaker 3: that twenty twenty four will be a year of significant 114 00:07:20,360 --> 00:07:24,400 Speaker 3: earnings growth for the company, driven by significant reduction in 115 00:07:24,560 --> 00:07:28,160 Speaker 3: streaming losses. So we said that two years ago, we 116 00:07:28,480 --> 00:07:30,760 Speaker 3: had a plan that reflected that, and we continue to 117 00:07:30,760 --> 00:07:33,920 Speaker 3: believe that today point one point two is really zooming 118 00:07:33,960 --> 00:07:39,320 Speaker 3: out a little. Yes, there has been a continued discussion 119 00:07:39,360 --> 00:07:44,800 Speaker 3: about streaming and the robustness of that business and profitability 120 00:07:44,840 --> 00:07:48,560 Speaker 3: and all of that. And at the same time, I 121 00:07:48,600 --> 00:07:52,200 Speaker 3: would say, sitting here today, it's more true than even 122 00:07:52,240 --> 00:07:54,320 Speaker 3: two years ago that it's going to be important that 123 00:07:54,400 --> 00:07:58,760 Speaker 3: you have a significant exposure, exposure in a positive way 124 00:07:58,840 --> 00:08:03,080 Speaker 3: to streaming because consumers continue to move that direction. The 125 00:08:03,120 --> 00:08:06,840 Speaker 3: linear ecosystem remains, but it is you know, continues to 126 00:08:06,880 --> 00:08:10,680 Speaker 3: be in a gradual decline and streaming continues to get bigger. 127 00:08:11,240 --> 00:08:13,000 Speaker 3: You only have to look at the numbers to know that. 128 00:08:13,160 --> 00:08:17,440 Speaker 3: So it's vitally important that we build a streaming business. 129 00:08:18,200 --> 00:08:20,240 Speaker 3: The other point I'd make, and it really goes back 130 00:08:20,280 --> 00:08:24,600 Speaker 3: to the licensing one, is you know, people like simple answers, 131 00:08:25,000 --> 00:08:28,360 Speaker 3: and what was in vogue as a simple answer was 132 00:08:28,440 --> 00:08:30,720 Speaker 3: the way to be in streaming was one hundred percent 133 00:08:30,840 --> 00:08:33,440 Speaker 3: owned and operated D two C in every market around 134 00:08:33,480 --> 00:08:36,840 Speaker 3: the world. And I think the reality is, frankly, I 135 00:08:36,880 --> 00:08:40,560 Speaker 3: know the reality is not that simple that we believe 136 00:08:40,720 --> 00:08:44,560 Speaker 3: and are beginning to demonstrate that a more multifaceted approach 137 00:08:44,600 --> 00:08:49,160 Speaker 3: to streaming, which among other things, embraces partnerships, is the 138 00:08:49,240 --> 00:08:54,280 Speaker 3: more fiscally responsible and ultimately more financially powerful way to 139 00:08:54,440 --> 00:08:59,720 Speaker 3: unlock the if you will, streaming tam total addressable market. So, yeah, 140 00:08:59,800 --> 00:09:03,240 Speaker 3: there's a lot of discussion about streaming, and certainly call it. 141 00:09:03,280 --> 00:09:08,000 Speaker 3: The street's view on valuation of streaming has moved adversely 142 00:09:08,080 --> 00:09:10,959 Speaker 3: in the last two years. But the importance of having 143 00:09:10,960 --> 00:09:15,360 Speaker 3: a scale streaming asset again in a multifaceted way, it's 144 00:09:15,400 --> 00:09:19,480 Speaker 3: never been more important. And again I think once again 145 00:09:20,000 --> 00:09:23,960 Speaker 3: we are leading, as we did in ADS supported streaming 146 00:09:24,000 --> 00:09:26,440 Speaker 3: with Pluto. We're the first major media company to get 147 00:09:26,440 --> 00:09:29,640 Speaker 3: into that. People said what is that? And they turned 148 00:09:29,640 --> 00:09:31,760 Speaker 3: around three years later and we took a seventy million 149 00:09:31,800 --> 00:09:34,160 Speaker 3: dollar business and took it over a billion, and people 150 00:09:34,160 --> 00:09:35,960 Speaker 3: are like, oh, you're right, that's the real business. 151 00:09:37,160 --> 00:09:38,840 Speaker 2: Just like Paramount Plus. 152 00:09:38,920 --> 00:09:42,079 Speaker 3: When we launched it, we said lower priced tier with ads, 153 00:09:42,559 --> 00:09:44,839 Speaker 3: higher priced tier without ads, because we want to give 154 00:09:44,840 --> 00:09:45,920 Speaker 3: consumer optionality. 155 00:09:46,320 --> 00:09:47,200 Speaker 2: People question that. 156 00:09:47,440 --> 00:09:50,840 Speaker 3: Now fast forward today, pretty much the whole marketplace is there. 157 00:09:51,400 --> 00:09:55,679 Speaker 3: This is another one where streaming is a multifaceted business. Sure, 158 00:09:55,760 --> 00:09:57,880 Speaker 3: we're going to be O and O, D two C 159 00:09:58,440 --> 00:10:02,000 Speaker 3: in major markets in the world, we're in others. But 160 00:10:02,120 --> 00:10:05,120 Speaker 3: there's going to be an additional part of that business 161 00:10:05,120 --> 00:10:08,800 Speaker 3: that's going to have different models, and that's okay. In fact, 162 00:10:08,840 --> 00:10:11,800 Speaker 3: that is more attractive, and what we need is the 163 00:10:11,840 --> 00:10:14,880 Speaker 3: street to really understand that. And I do think the 164 00:10:14,960 --> 00:10:17,840 Speaker 3: earnings turn, if you will, from twenty three to twenty four, 165 00:10:18,400 --> 00:10:21,079 Speaker 3: which is really the macro headwind people are looking for, 166 00:10:21,360 --> 00:10:24,280 Speaker 3: call it clarity on Once they see that and then 167 00:10:24,360 --> 00:10:28,320 Speaker 3: start to see these things are incrementally valuable, I think 168 00:10:28,360 --> 00:10:31,520 Speaker 3: the evaluation picture gets much better. So, yeah, we're in 169 00:10:31,559 --> 00:10:33,760 Speaker 3: the trough, so be it. We play through. 170 00:10:34,360 --> 00:10:38,600 Speaker 1: Kennell Blue CEO maxim Seta was remarkably candid during our 171 00:10:38,640 --> 00:10:43,360 Speaker 1: conversation after he received the Variety Vanguard Award. I certainly 172 00:10:43,400 --> 00:10:46,240 Speaker 1: didn't expect him to start by detailing the number of 173 00:10:46,280 --> 00:10:51,160 Speaker 1: times the company almost died. He certainly grabbed the audience's attention. 174 00:10:51,960 --> 00:10:53,920 Speaker 4: If you want to talk about the last seven or 175 00:10:53,960 --> 00:10:55,920 Speaker 4: eight years, you have to think about the history of 176 00:10:55,960 --> 00:10:58,600 Speaker 4: Kennel Plus, because it has driven a lot of our 177 00:10:58,640 --> 00:11:02,400 Speaker 4: actions and one of the key elements regarding an Lplus 178 00:11:02,920 --> 00:11:07,160 Speaker 4: is that it's a company that has almost died several times, 179 00:11:07,400 --> 00:11:11,520 Speaker 4: disappeared right after it was launched in eighty four. It 180 00:11:11,640 --> 00:11:13,880 Speaker 4: was the first believed it was a hit, but then 181 00:11:13,880 --> 00:11:16,560 Speaker 4: a gigantic failure, and for a while it was on 182 00:11:16,600 --> 00:11:19,280 Speaker 4: the brink of disaster, and then it happened several times 183 00:11:19,280 --> 00:11:22,679 Speaker 4: over its history, and I joined in two thousand and 184 00:11:22,679 --> 00:11:24,720 Speaker 4: four and two thousand and two, two thousand and three 185 00:11:25,160 --> 00:11:27,440 Speaker 4: again can Lplus was on the brink of disaster, and 186 00:11:27,480 --> 00:11:29,360 Speaker 4: then we had a very difficult time when I was 187 00:11:29,400 --> 00:11:33,720 Speaker 4: appointed CEO as well. So you start to develop, first 188 00:11:33,720 --> 00:11:37,079 Speaker 4: of all, a survivors syndrome like should should this company 189 00:11:37,120 --> 00:11:41,240 Speaker 4: be existing? Is there is there a sense to us 190 00:11:41,240 --> 00:11:44,640 Speaker 4: continuing in this environment? And then you once you think 191 00:11:44,640 --> 00:11:48,640 Speaker 4: that yes, you should be existing, you developed some kind 192 00:11:48,640 --> 00:11:51,880 Speaker 4: of survivors instincts, and so a lot of our actions 193 00:11:51,880 --> 00:11:54,280 Speaker 4: have been driven by and my actions have been driven 194 00:11:54,320 --> 00:11:58,640 Speaker 4: by my obsession for the company to survive. Actually, it's 195 00:11:58,640 --> 00:12:01,800 Speaker 4: a very different state of mind than when you're on 196 00:12:01,880 --> 00:12:04,839 Speaker 4: the offensive and you want to be a global player 197 00:12:04,880 --> 00:12:07,599 Speaker 4: that Netflix and you have the resources, the financial resources 198 00:12:07,679 --> 00:12:08,679 Speaker 4: to do that. 199 00:12:09,360 --> 00:12:13,839 Speaker 1: And totally different from the history of European broadcasting being 200 00:12:14,200 --> 00:12:17,560 Speaker 1: you know, state run and a few small independents that 201 00:12:17,679 --> 00:12:20,480 Speaker 1: still had that state support can help plue. You are 202 00:12:20,480 --> 00:12:23,640 Speaker 1: in the you are in the marketplace, you rise and fall. 203 00:12:23,840 --> 00:12:27,160 Speaker 4: Yeah, I think I can really clearly states that we 204 00:12:27,240 --> 00:12:33,680 Speaker 4: have no support, no support than your viewers. Well, we 205 00:12:33,720 --> 00:12:36,000 Speaker 4: have support from the talent and the environment, and we 206 00:12:36,080 --> 00:12:38,720 Speaker 4: have a lot of support from the actors in the industry. 207 00:12:38,720 --> 00:12:41,960 Speaker 4: But from the regulatory standpoint, it's a very complicated market. 208 00:12:41,960 --> 00:12:44,840 Speaker 4: Fronds and Europe in general is a very highly regulated 209 00:12:44,880 --> 00:12:49,800 Speaker 4: market and so very complicated to survive. Again, but based 210 00:12:49,840 --> 00:12:52,079 Speaker 4: on what I said and the fact that the company 211 00:12:52,120 --> 00:12:54,079 Speaker 4: was in a tough situation and was losing a lot 212 00:12:54,080 --> 00:12:57,560 Speaker 4: of money in France, your home market, so you're trying 213 00:12:57,559 --> 00:12:59,800 Speaker 4: to think about how do we expand, but maybe the 214 00:12:59,840 --> 00:13:02,680 Speaker 4: first thing to do is to you know, solve your 215 00:13:02,840 --> 00:13:06,200 Speaker 4: French domestic situation. We it was a very tough times 216 00:13:06,200 --> 00:13:07,960 Speaker 4: for can Helplus when I was appointed, because we had 217 00:13:08,000 --> 00:13:12,120 Speaker 4: to do very significant cost reductions close to twenty percent 218 00:13:12,160 --> 00:13:14,680 Speaker 4: of our cost base. We did something that you never 219 00:13:14,720 --> 00:13:17,000 Speaker 4: recommend in business school to do, which is to lower 220 00:13:17,040 --> 00:13:19,760 Speaker 4: the price. So we lowered the price to find some 221 00:13:19,800 --> 00:13:23,760 Speaker 4: growth again, and and generally at the same time we 222 00:13:23,800 --> 00:13:28,880 Speaker 4: decided to expand overseas, so again very risky, but when again, 223 00:13:28,920 --> 00:13:31,760 Speaker 4: when you have survival, the instinct you think your really 224 00:13:31,840 --> 00:13:35,319 Speaker 4: best one year at the you know, in the toughest situation. 225 00:13:35,400 --> 00:13:37,840 Speaker 4: And I think that's and distribute and thank you again 226 00:13:37,880 --> 00:13:39,920 Speaker 4: for Distribute and the can words. And I really appreciate 227 00:13:39,960 --> 00:13:43,480 Speaker 4: what what Michelle and Lucy said. This for me is 228 00:13:43,480 --> 00:13:45,920 Speaker 4: a tribute to the teams, to the canaplus teams. And 229 00:13:45,960 --> 00:13:50,199 Speaker 4: I'm not you know, being it's not it's it's it's true. 230 00:13:50,280 --> 00:13:53,000 Speaker 4: I mean, the teams at ken Helplus are super committed 231 00:13:53,440 --> 00:13:56,760 Speaker 4: and they're never better, never stronger than when the situation 232 00:13:56,960 --> 00:14:00,000 Speaker 4: is is very tough. So when you look at Kennel, 233 00:14:00,240 --> 00:14:03,680 Speaker 4: it was a very French company, very dependent on a 234 00:14:03,760 --> 00:14:07,679 Speaker 4: few rights. One of them is actually happening today. There's 235 00:14:07,720 --> 00:14:11,960 Speaker 4: the tender for the French soccer domestic rights today and 236 00:14:12,080 --> 00:14:15,640 Speaker 4: I announced publicly that we were not participating. And in 237 00:14:15,679 --> 00:14:18,560 Speaker 4: twenty eighteen we lost that right. And at the time, 238 00:14:19,800 --> 00:14:22,239 Speaker 4: our studies were telling us that half of our subscribers 239 00:14:22,280 --> 00:14:24,400 Speaker 4: would probably leave if we do not have that right. 240 00:14:24,440 --> 00:14:27,480 Speaker 4: We're so dependent on that right that and you know, 241 00:14:27,560 --> 00:14:29,160 Speaker 4: it's a fixed caust base, so if you lose half 242 00:14:29,200 --> 00:14:35,200 Speaker 4: of your subscribers again, you're dead. So again, the obsession 243 00:14:35,240 --> 00:14:37,880 Speaker 4: of the team and my personal obsession was to reduce 244 00:14:37,920 --> 00:14:40,720 Speaker 4: all our dependencies. We were too dependent on the French market. 245 00:14:41,080 --> 00:14:44,800 Speaker 4: How do we go overseas and reduce that dependency. We're 246 00:14:44,800 --> 00:14:47,960 Speaker 4: too dependent on French domestic soccer, you know, So we 247 00:14:48,040 --> 00:14:50,680 Speaker 4: expanding it to motorsports, you know, FROMULA one, Motor GP, 248 00:14:50,960 --> 00:14:53,720 Speaker 4: Rugby Champions League, and then how do you expand from that? 249 00:14:54,000 --> 00:14:56,680 Speaker 4: And we signed output deals with all Hollywood majors, and 250 00:14:56,720 --> 00:15:00,320 Speaker 4: then we signed a very significant, the most significant deal 251 00:15:00,360 --> 00:15:03,320 Speaker 4: with French cinema. And then you say, okay, how do 252 00:15:03,360 --> 00:15:05,800 Speaker 4: we use again dependency? And that's when I went to 253 00:15:05,800 --> 00:15:10,080 Speaker 4: see readerstings in Los Ghettos. I think it was now 254 00:15:10,360 --> 00:15:12,080 Speaker 4: maybe five years ago or six year I think I'm 255 00:15:12,120 --> 00:15:14,440 Speaker 4: the only European who actually went to Lose Ghettos and 256 00:15:14,520 --> 00:15:17,520 Speaker 4: claimed that. And I went to see Read and I 257 00:15:17,560 --> 00:15:19,520 Speaker 4: had a very long conversation with him and tried to 258 00:15:19,560 --> 00:15:23,640 Speaker 4: convince him that we were not necessarily competitors, that he 259 00:15:23,800 --> 00:15:25,800 Speaker 4: was on the same side as can help us, because 260 00:15:25,840 --> 00:15:28,280 Speaker 4: he was trying to convince people to actually pay for content, 261 00:15:28,880 --> 00:15:32,880 Speaker 4: and we started integrating the platforms into our offers Netflix 262 00:15:32,920 --> 00:15:37,880 Speaker 4: and then Disney Plus and then Lionsgate and then Paramoun 263 00:15:37,880 --> 00:15:39,880 Speaker 4: Plus and finally Apple TV Plus. 264 00:15:40,160 --> 00:15:42,680 Speaker 1: And would you say, I mean, it seems like the 265 00:15:42,720 --> 00:15:46,800 Speaker 1: timing of and I appreciate your candor about where you 266 00:15:46,880 --> 00:15:50,280 Speaker 1: were at that time. It seems like the timing of 267 00:15:51,680 --> 00:15:54,760 Speaker 1: what I said about Netflix and the focus of the 268 00:15:54,840 --> 00:15:58,080 Speaker 1: idea that content companies can be more than just their 269 00:15:58,120 --> 00:16:02,480 Speaker 1: geographical boundaries is like a perfect timing for what you 270 00:16:02,560 --> 00:16:04,600 Speaker 1: needed to do for your own business. 271 00:16:05,080 --> 00:16:07,160 Speaker 4: I think what you said is completely true on Netflix, 272 00:16:07,160 --> 00:16:09,000 Speaker 4: and we owe so much to Netflix, to be honest, 273 00:16:09,040 --> 00:16:11,840 Speaker 4: we owe so much because they showed the way they 274 00:16:11,840 --> 00:16:14,880 Speaker 4: showed it was possible to have shows and movies travel 275 00:16:15,440 --> 00:16:19,400 Speaker 4: to build scale like they did. And then you know, 276 00:16:19,760 --> 00:16:22,080 Speaker 4: before the launch in Friends, they were already very strong 277 00:16:22,120 --> 00:16:24,240 Speaker 4: in the US, so I had a head start. And 278 00:16:24,720 --> 00:16:26,640 Speaker 4: just one example is I went, we had we were 279 00:16:26,680 --> 00:16:29,560 Speaker 4: co producing a show with Ski at that time called Tunnel, 280 00:16:30,160 --> 00:16:33,800 Speaker 4: and I thought, we need to launch Binge because if 281 00:16:33,800 --> 00:16:37,440 Speaker 4: we don't, then they'll launch in Friends and say, Canalplus 282 00:16:37,480 --> 00:16:40,320 Speaker 4: is the old television. We're the new player, and we're 283 00:16:40,360 --> 00:16:43,600 Speaker 4: launching Binge. So I wanted to launch Binch before they did. 284 00:16:43,600 --> 00:16:45,760 Speaker 4: I had the head start, but they need to convince Sky. 285 00:16:45,840 --> 00:16:48,640 Speaker 4: So I came to London. I went to London and 286 00:16:48,720 --> 00:16:50,960 Speaker 4: convinced our partners from Sky to launch Binge. So we 287 00:16:50,960 --> 00:16:53,560 Speaker 4: were able to take advantage of the fact that we 288 00:16:53,600 --> 00:16:55,520 Speaker 4: had some kind of time before the launch in Friends 289 00:16:55,720 --> 00:16:58,840 Speaker 4: and so we could appreciate the extent to which really 290 00:16:58,920 --> 00:17:01,520 Speaker 4: they made, you know, a number of new innovations that 291 00:17:01,600 --> 00:17:06,840 Speaker 4: we could some of them we could launch before them. 292 00:17:07,160 --> 00:17:10,800 Speaker 1: Don't go anywhere. We'll be right back with Eva Longoria 293 00:17:10,920 --> 00:17:22,880 Speaker 1: and Chris Abrego and Doriy Media's Nadov Palti. And we're 294 00:17:22,920 --> 00:17:27,879 Speaker 1: back with observations on the international marketplace from Eva Longoria, 295 00:17:28,040 --> 00:17:33,439 Speaker 1: Chris Abrego and Dori Media's Nadov Palti. Chris Abrego and 296 00:17:33,520 --> 00:17:36,160 Speaker 1: Eva Longoria came to can with big news of their 297 00:17:36,200 --> 00:17:41,000 Speaker 1: new partnership backed by one of Europe's most dynamic media companies, Banajet. 298 00:17:41,359 --> 00:17:44,160 Speaker 1: What's more, Chris gets to keep his day job as 299 00:17:44,200 --> 00:17:48,840 Speaker 1: Banajet's Chairman of the Americas. Here the partners explain the 300 00:17:48,960 --> 00:17:50,880 Speaker 1: meaning behind the hyphenate Moniker. 301 00:17:51,880 --> 00:17:55,159 Speaker 5: We are really excited about this Chris and I've known 302 00:17:55,200 --> 00:17:57,600 Speaker 5: each other twenty twenty five years. I think my first 303 00:17:57,600 --> 00:18:01,800 Speaker 5: producing credit was with Chris, and I remember when you 304 00:18:01,920 --> 00:18:06,679 Speaker 5: Spot Talent, Yeah you can spot talent, and Chris was, 305 00:18:07,600 --> 00:18:10,920 Speaker 5: you know, at a robust production company of his own, 306 00:18:10,960 --> 00:18:15,040 Speaker 5: and I remember him taking the leap into an executive. 307 00:18:15,080 --> 00:18:16,840 Speaker 5: Actually made fun of him the first time he wore 308 00:18:16,840 --> 00:18:20,760 Speaker 5: a suit because he didn't known any suits. And what 309 00:18:20,840 --> 00:18:24,600 Speaker 5: I liked most about partnering with Banajey as well was 310 00:18:24,960 --> 00:18:28,160 Speaker 5: all of them are producers at heart. They're very entrepreneurial 311 00:18:28,200 --> 00:18:32,200 Speaker 5: and very producer minded, which you don't find in our industry. 312 00:18:32,480 --> 00:18:36,159 Speaker 5: You have the executive you know that gives notes and 313 00:18:36,800 --> 00:18:38,840 Speaker 5: you know, tells you how to do the production who's 314 00:18:38,880 --> 00:18:42,359 Speaker 5: never produced before, so that's frustrating. We've voiced a lot 315 00:18:42,400 --> 00:18:45,000 Speaker 5: of these frustrations. But as a hyphen it, you know, 316 00:18:45,080 --> 00:18:47,679 Speaker 5: I'm an actor, producer director. People think I'm an actor 317 00:18:47,720 --> 00:18:51,840 Speaker 5: turned producer director. I've always been a producer director that 318 00:18:52,000 --> 00:18:55,080 Speaker 5: fell into acting, So I've always been very interested and 319 00:18:55,119 --> 00:18:59,440 Speaker 5: more curious about being behind the camera. But I kept 320 00:18:59,440 --> 00:19:03,520 Speaker 5: getting into these overhead deals that could not service my ambition. 321 00:19:04,320 --> 00:19:07,920 Speaker 5: And by definition a multi hyphen it is somebody who 322 00:19:07,920 --> 00:19:11,399 Speaker 5: does more. You know, I want to do more, and 323 00:19:12,840 --> 00:19:17,200 Speaker 5: that multi hyphen it isn't surviving in Hollywood because it's 324 00:19:17,240 --> 00:19:19,600 Speaker 5: an industry that really wants you to stay in your lane. 325 00:19:19,680 --> 00:19:21,720 Speaker 5: They really want you to stay in your box, and 326 00:19:21,760 --> 00:19:24,280 Speaker 5: specifically if you're a person of color or a woman. 327 00:19:24,880 --> 00:19:27,280 Speaker 5: And so when Chris and I started talking about this 328 00:19:27,640 --> 00:19:31,280 Speaker 5: couple of years ago, it was my frustration and his 329 00:19:31,400 --> 00:19:34,480 Speaker 5: ambition that kind of met and we said, oh my gosh, 330 00:19:34,520 --> 00:19:36,440 Speaker 5: you know, it's not just me that feels this way. 331 00:19:36,480 --> 00:19:41,320 Speaker 5: I know so many amazing, incomparable creators who are being 332 00:19:41,400 --> 00:19:44,639 Speaker 5: suffocated by the system, and so hyphen It is going 333 00:19:44,720 --> 00:19:47,600 Speaker 5: to provide an alternate model, and we really have a 334 00:19:47,640 --> 00:19:51,320 Speaker 5: modern approach to how to create visionary content that is 335 00:19:51,760 --> 00:19:55,680 Speaker 5: culture defining for the most diverse generation we are ever facing. 336 00:19:56,480 --> 00:19:58,880 Speaker 6: Yeah, that's perfectly thing I said about added that it's 337 00:19:58,920 --> 00:20:01,000 Speaker 6: just when you think of if you think about the 338 00:20:01,040 --> 00:20:05,320 Speaker 6: actual hyphen is a punctuation market that puts two words 339 00:20:05,359 --> 00:20:08,480 Speaker 6: together in our world. As even said, the multi hyphen 340 00:20:08,480 --> 00:20:10,920 Speaker 6: it is a world builder and they really are because 341 00:20:11,119 --> 00:20:13,520 Speaker 6: both Eve and I have been outsiders in this industry, right, 342 00:20:13,560 --> 00:20:15,480 Speaker 6: I mean that we met. I don't think anybody would 343 00:20:15,480 --> 00:20:17,400 Speaker 6: have bet on us, you know, while over twenty years ago, 344 00:20:17,800 --> 00:20:20,480 Speaker 6: and so we have to build it ourselves. Mainly, it's 345 00:20:20,520 --> 00:20:23,080 Speaker 6: always and nothing's ever been handed to us in a sense. 346 00:20:23,560 --> 00:20:26,480 Speaker 6: And so now we're in this position with Hyphenite Media 347 00:20:26,480 --> 00:20:30,560 Speaker 6: Group to bet on people who've been underestimated. 348 00:20:31,040 --> 00:20:32,000 Speaker 5: Or underinvested in. 349 00:20:32,359 --> 00:20:33,800 Speaker 6: We're more importantly underinvested in. 350 00:20:34,280 --> 00:20:37,360 Speaker 1: The outbreak of war between Israel and Hamas has been 351 00:20:37,359 --> 00:20:40,480 Speaker 1: a dark cloud hanging over the world, and it certainly 352 00:20:40,600 --> 00:20:45,880 Speaker 1: was felt at Mipcom. Nadov Palti, CEO of Israeli production 353 00:20:46,000 --> 00:20:50,720 Speaker 1: distribution firm Doriy Media, made a very considered decision to 354 00:20:50,880 --> 00:20:54,159 Speaker 1: stick with his plan to attend Mipcom despite all that 355 00:20:54,320 --> 00:20:58,439 Speaker 1: was happening in his native country. Here, Nadov offers a 356 00:20:58,480 --> 00:21:02,240 Speaker 1: profound explanation for why it was important to keep Doory 357 00:21:02,320 --> 00:21:06,600 Speaker 1: Media's business plans on track, and he also offers powerful 358 00:21:06,640 --> 00:21:12,360 Speaker 1: examples of how storytelling can build vital cultural bridges. Let's 359 00:21:12,400 --> 00:21:17,000 Speaker 1: start at the beginning. Obviously, you come to Mipcom with 360 00:21:17,119 --> 00:21:20,639 Speaker 1: Doriy Media, busy producer, distributor. You have a lot of 361 00:21:20,680 --> 00:21:26,320 Speaker 1: business going on, and less than two weeks ago war 362 00:21:26,720 --> 00:21:31,800 Speaker 1: breaks out brutal cruel senseless war breaks out, how does 363 00:21:31,840 --> 00:21:37,800 Speaker 1: that affect you as a business Dory Media, what do 364 00:21:37,880 --> 00:21:41,439 Speaker 1: you think that the impact of this senseless violence is 365 00:21:41,480 --> 00:21:46,400 Speaker 1: going to be. I know the emotional costs cannot be valued, 366 00:21:46,480 --> 00:21:51,639 Speaker 1: they are beyond valuation. But from the business sense for 367 00:21:51,720 --> 00:21:55,879 Speaker 1: Dory Media, what do you think this situation in Israel 368 00:21:56,000 --> 00:21:59,000 Speaker 1: is going to mean for Israeli media, which is so 369 00:21:59,280 --> 00:22:00,320 Speaker 1: big and away. 370 00:22:02,400 --> 00:22:05,640 Speaker 7: For first, we have to say that it's really one 371 00:22:05,640 --> 00:22:12,720 Speaker 7: of the sadnests, toughest and how period and maybe in 372 00:22:12,720 --> 00:22:16,119 Speaker 7: the history of as well. And everybody in Israel is 373 00:22:16,240 --> 00:22:20,160 Speaker 7: very as you describe said worry. 374 00:22:20,320 --> 00:22:20,480 Speaker 1: And. 375 00:22:23,080 --> 00:22:26,040 Speaker 7: Not only there is already even think or know how 376 00:22:26,080 --> 00:22:29,280 Speaker 7: it's going to end or what's going to happen, how 377 00:22:29,320 --> 00:22:33,520 Speaker 7: it's going to develop. But I want to say that 378 00:22:33,560 --> 00:22:37,000 Speaker 7: I saw what I saw in Israel that we were 379 00:22:37,200 --> 00:22:43,320 Speaker 7: very I would say, we have a huge debate before, 380 00:22:43,640 --> 00:22:48,920 Speaker 7: like ten months before, a lot of demonstrations like very 381 00:22:49,400 --> 00:22:50,680 Speaker 7: not together. 382 00:22:50,640 --> 00:22:57,959 Speaker 8: Right against I know that Yaho's policies. 383 00:22:55,560 --> 00:22:59,680 Speaker 7: And this was very said also this was very sad. 384 00:23:00,280 --> 00:23:04,840 Speaker 7: Now what's happened here that we are now in one second, 385 00:23:05,520 --> 00:23:10,240 Speaker 7: when it's happened, all the Israelis units get United Back 386 00:23:11,280 --> 00:23:14,840 Speaker 7: and everybody is volunteer who people can go to the army, 387 00:23:14,840 --> 00:23:15,520 Speaker 7: go to the army. 388 00:23:15,520 --> 00:23:16,880 Speaker 2: All the rest is volunteers. 389 00:23:17,000 --> 00:23:20,560 Speaker 7: Is doing the best I can say to support all 390 00:23:20,640 --> 00:23:27,560 Speaker 7: the people around. So it's a very problematic time for 391 00:23:27,720 --> 00:23:28,080 Speaker 7: as well. 392 00:23:28,480 --> 00:23:30,000 Speaker 2: It's not now. 393 00:23:30,040 --> 00:23:36,280 Speaker 7: What's happened is undescribable, okay, unspeakable, but it's it's a 394 00:23:36,320 --> 00:23:40,320 Speaker 7: long period that we are not in a in a 395 00:23:40,440 --> 00:23:45,160 Speaker 7: very good shape in Israela and maybe this will somehow 396 00:23:45,320 --> 00:23:53,440 Speaker 7: will rebuild our society and our country again. Anyway business 397 00:23:53,760 --> 00:24:03,040 Speaker 7: business wise, short term is very tough. Midterm and long 398 00:24:03,160 --> 00:24:07,240 Speaker 7: term I think we will recover. It will not influence 399 00:24:07,560 --> 00:24:12,560 Speaker 7: because unfortunately, also we had situations in the past, not 400 00:24:12,640 --> 00:24:16,640 Speaker 7: like this, but we had a situations from time to time, 401 00:24:18,560 --> 00:24:22,000 Speaker 7: and we are very organized what to do and how 402 00:24:22,040 --> 00:24:26,960 Speaker 7: to do and how to recover. Also, though Media is 403 00:24:27,440 --> 00:24:31,480 Speaker 7: international and global company, so we produce in Mexico and 404 00:24:31,560 --> 00:24:35,280 Speaker 7: in Argentina, and we have a team from all around 405 00:24:35,320 --> 00:24:40,200 Speaker 7: the world that actually came to now to Mipico from 406 00:24:40,280 --> 00:24:46,080 Speaker 7: Bonos Aires, from Madrid, from through It, from Singapore, and 407 00:24:46,400 --> 00:24:49,440 Speaker 7: unfortunately there is really team a council. 408 00:24:49,640 --> 00:24:52,200 Speaker 2: But I have to come because I have to support 409 00:24:52,240 --> 00:24:54,439 Speaker 2: all the team here. You are the CEO, I am 410 00:24:54,440 --> 00:24:55,320 Speaker 2: also the CEO. 411 00:24:55,640 --> 00:24:59,920 Speaker 7: And also our people from Madrid Bonoscience are very sensitive 412 00:25:00,040 --> 00:25:02,600 Speaker 7: and they concern so I have to speak with them. 413 00:25:03,160 --> 00:25:04,840 Speaker 2: I have to encourage them. 414 00:25:04,880 --> 00:25:09,240 Speaker 7: I have to tell them that we will continue. And 415 00:25:09,280 --> 00:25:14,399 Speaker 7: it's not only that we will continue if we let our. 416 00:25:15,960 --> 00:25:16,240 Speaker 2: Enemy. 417 00:25:16,320 --> 00:25:21,120 Speaker 7: Let's call them there to dictate our life or dictate 418 00:25:21,200 --> 00:25:25,320 Speaker 7: what we are doing. And I speak about personal professional 419 00:25:25,400 --> 00:25:26,119 Speaker 7: business life. 420 00:25:26,680 --> 00:25:27,320 Speaker 2: So they win. 421 00:25:28,160 --> 00:25:30,920 Speaker 7: We will not let them win when it's not only 422 00:25:30,920 --> 00:25:34,520 Speaker 7: in the battlefield, when is all three hundred and sixty. 423 00:25:35,920 --> 00:25:37,000 Speaker 2: Degrees operation. 424 00:25:38,240 --> 00:25:41,439 Speaker 7: So one of my toughest decisions is to come here 425 00:25:42,640 --> 00:25:44,080 Speaker 7: because of this. 426 00:25:44,840 --> 00:25:45,199 Speaker 2: Okay. 427 00:25:45,680 --> 00:25:48,800 Speaker 7: Also my son is in the army now he's in 428 00:25:48,840 --> 00:25:52,160 Speaker 7: the reserve and in Gaza, and unfortunately we get into 429 00:25:53,080 --> 00:25:56,840 Speaker 7: he will get into. So and I was a commander 430 00:25:56,960 --> 00:26:00,720 Speaker 7: or in the idea also in your service, my service. 431 00:26:00,800 --> 00:26:05,159 Speaker 7: It was years ago, okay, But so we know and 432 00:26:05,280 --> 00:26:10,720 Speaker 7: we understand. So on top of all this, we have 433 00:26:10,800 --> 00:26:13,919 Speaker 7: to continue. We have to. 434 00:26:14,160 --> 00:26:15,560 Speaker 2: If not, they will win. 435 00:26:16,320 --> 00:26:19,960 Speaker 7: So the easily business, I believe we have a lot 436 00:26:20,000 --> 00:26:22,800 Speaker 7: of First of all, we have TV channels that they 437 00:26:22,840 --> 00:26:25,359 Speaker 7: continue twenty four seven and they will continue to open 438 00:26:25,440 --> 00:26:27,520 Speaker 7: we have like six TV channels. 439 00:26:29,040 --> 00:26:30,760 Speaker 2: Production. We produce a lot. 440 00:26:30,880 --> 00:26:33,399 Speaker 7: We came here with the biggest or one of the 441 00:26:33,400 --> 00:26:39,560 Speaker 7: biggest slot ever around a dozen of new show part 442 00:26:39,600 --> 00:26:45,680 Speaker 7: of them is now in a post production editing. Others 443 00:26:45,680 --> 00:26:48,840 Speaker 7: in a pre re production that you want to start 444 00:26:48,880 --> 00:26:52,080 Speaker 7: to shoot in a few months. Other in development. So 445 00:26:52,200 --> 00:26:54,840 Speaker 7: you have a lot of work that you are not shooting. 446 00:26:54,920 --> 00:26:57,800 Speaker 7: Shooting you cannot do it now, but all the rest 447 00:26:57,880 --> 00:27:01,760 Speaker 7: you can. So we work our offices. Interview is not 448 00:27:01,880 --> 00:27:06,600 Speaker 7: closed because the regulations that if you have a shelter 449 00:27:06,760 --> 00:27:11,359 Speaker 7: in the office you can continue to work. But also 450 00:27:11,640 --> 00:27:14,640 Speaker 7: we're allowed other employees to work from home, no problem. 451 00:27:14,920 --> 00:27:18,480 Speaker 7: And actually we are very organized for this because during 452 00:27:18,520 --> 00:27:22,879 Speaker 7: the coronavirus virus, the pandemic, we work from home. 453 00:27:22,800 --> 00:27:25,440 Speaker 2: And we will so we are doing it very efficient. 454 00:27:25,119 --> 00:27:29,000 Speaker 7: They educated the Corona how to work from home and 455 00:27:30,400 --> 00:27:33,760 Speaker 7: also we are doing it very efficiently. So actually the 456 00:27:33,760 --> 00:27:39,440 Speaker 7: operation is not really helped. Yes, the people very emotional. 457 00:27:40,520 --> 00:27:41,240 Speaker 2: A lot of our. 458 00:27:41,080 --> 00:27:45,520 Speaker 7: Employees involved somehow with what happens. Some of them went 459 00:27:45,560 --> 00:27:49,800 Speaker 7: to the army, some of them have kids in the army. 460 00:27:49,960 --> 00:27:53,480 Speaker 7: Some of them the neighbor or the friends or the cousins, 461 00:27:53,600 --> 00:27:54,879 Speaker 7: or everybody involved in it. 462 00:27:55,119 --> 00:27:56,240 Speaker 2: It's a very small country. 463 00:27:56,600 --> 00:28:01,040 Speaker 7: But the operation I believe maybe short have some influence, 464 00:28:01,200 --> 00:28:05,920 Speaker 7: but long term and midim I think everything would come back, 465 00:28:06,480 --> 00:28:10,000 Speaker 7: and I think maybe is opposite, Maybe will be stronger 466 00:28:10,760 --> 00:28:18,800 Speaker 7: and more united and and and something. Unfortunately from this crisis, 467 00:28:19,280 --> 00:28:21,280 Speaker 7: A lot of times, something would happen after. 468 00:28:22,000 --> 00:28:24,760 Speaker 2: I want to I want to try to be autimistic, okay, 469 00:28:24,800 --> 00:28:25,480 Speaker 2: because it's a. 470 00:28:25,520 --> 00:28:29,480 Speaker 7: Very sad it's a very sad times what it was, 471 00:28:29,520 --> 00:28:31,160 Speaker 7: so business wise will. 472 00:28:31,000 --> 00:28:34,200 Speaker 2: Continue and continue ongoing. 473 00:28:35,240 --> 00:28:38,680 Speaker 8: What strikes me is, just as you said, Dorian, media 474 00:28:38,840 --> 00:28:42,840 Speaker 8: is working in Buenos Aires and Mexico and others all 475 00:28:42,880 --> 00:28:47,280 Speaker 8: around the world. The media world is more global and 476 00:28:47,360 --> 00:28:52,400 Speaker 8: more connected than ever. And the political world we are 477 00:28:52,440 --> 00:28:56,040 Speaker 8: seeing the far right in mind in the US, the 478 00:28:56,160 --> 00:29:02,520 Speaker 8: far right in Europe too. A scary reading. And I 479 00:29:02,560 --> 00:29:06,680 Speaker 8: don't know the answer, but I do you what explains 480 00:29:07,280 --> 00:29:13,040 Speaker 8: the disconnect between politics and the entertainment. The world is 481 00:29:13,080 --> 00:29:17,840 Speaker 8: more than ever watching media from other countries, understanding stories, 482 00:29:18,320 --> 00:29:22,960 Speaker 8: you know, and yet we are more as people like 483 00:29:23,320 --> 00:29:24,680 Speaker 8: fighting and more division. 484 00:29:24,720 --> 00:29:27,640 Speaker 1: Do you ever think about that? How does that make sense? 485 00:29:29,640 --> 00:29:29,920 Speaker 2: Okay? 486 00:29:29,920 --> 00:29:33,880 Speaker 7: It's not only immediate. Also the people, the people is 487 00:29:33,920 --> 00:29:38,200 Speaker 7: the same people. The people get along, believe me great. 488 00:29:39,080 --> 00:29:45,680 Speaker 7: The politics and the leader somehow leave from this separated people. 489 00:29:46,200 --> 00:29:48,160 Speaker 2: This is the power that they get out of it. 490 00:29:48,400 --> 00:29:53,320 Speaker 7: This is how they can continue to live. And unfortunately 491 00:29:53,600 --> 00:29:58,560 Speaker 7: you can see every place that the leader want to separate. 492 00:29:58,680 --> 00:30:02,600 Speaker 7: The leader wants to some to go to fight and 493 00:30:02,640 --> 00:30:06,040 Speaker 7: go to war. And if you are sitting in every 494 00:30:06,120 --> 00:30:09,240 Speaker 7: places around the world, in a restaurant or in a hotel, 495 00:30:09,480 --> 00:30:13,120 Speaker 7: or every meeting with different people from all around the world, 496 00:30:13,200 --> 00:30:18,240 Speaker 7: they get along very fast together because the value and 497 00:30:18,400 --> 00:30:26,400 Speaker 7: the principle is the same of everybody. But leaders, politicians 498 00:30:27,000 --> 00:30:34,360 Speaker 7: built create themselves, develop themselves. If they can differentiate themselves 499 00:30:34,400 --> 00:30:36,800 Speaker 7: from others, and then they get the power and then 500 00:30:36,880 --> 00:30:40,000 Speaker 7: getting the voter, and then maybe they can go. So 501 00:30:40,080 --> 00:30:43,520 Speaker 7: this is not only media, it's also I would give 502 00:30:43,520 --> 00:30:44,080 Speaker 7: you example. 503 00:30:45,320 --> 00:30:47,520 Speaker 2: We have Stezel. You know our show. 504 00:30:48,120 --> 00:30:49,800 Speaker 8: I've heard of it. I can't say that I've seen it, 505 00:30:49,840 --> 00:30:51,040 Speaker 8: but I've heard it, so you have. 506 00:30:50,960 --> 00:30:54,320 Speaker 2: To say it. This is a great choice. Was on Netflix. 507 00:30:55,400 --> 00:30:58,240 Speaker 7: Now, by the way, we are selling different t windows 508 00:30:58,280 --> 00:31:00,920 Speaker 7: all around the world. But Steel is a out a 509 00:31:01,080 --> 00:31:05,360 Speaker 7: family and people that live in a very orthodox neighborhood 510 00:31:05,480 --> 00:31:07,800 Speaker 7: in Jerusalem called one hundred Gates. 511 00:31:07,880 --> 00:31:15,400 Speaker 2: It's one of the most orthodox neighborhood in Israel. And 512 00:31:15,440 --> 00:31:16,520 Speaker 2: then we sold it to. 513 00:31:18,120 --> 00:31:25,400 Speaker 7: Turki to company called OGM and today, by the way, 514 00:31:25,480 --> 00:31:29,600 Speaker 7: they reproduce it into Key Remax. It's on air on 515 00:31:29,760 --> 00:31:33,960 Speaker 7: Star TV TV channel there and it's wins the rating 516 00:31:34,600 --> 00:31:37,480 Speaker 7: every monday's doing a great show. 517 00:31:38,360 --> 00:31:43,560 Speaker 2: Great and they create more episodes than us. And when Unu, 518 00:31:43,800 --> 00:31:44,560 Speaker 2: the owner and the. 519 00:31:44,520 --> 00:31:46,479 Speaker 7: Producers, they called me and said, well, I want to 520 00:31:46,520 --> 00:31:49,520 Speaker 7: get asked him, did you watch it? 521 00:31:50,600 --> 00:31:51,880 Speaker 2: This is about the. 522 00:31:51,760 --> 00:31:56,240 Speaker 7: Most orthodox neighborhood in Israel and their life and he said, 523 00:31:56,240 --> 00:31:58,360 Speaker 7: and love you don't believe. But the Islam and the 524 00:31:58,440 --> 00:32:04,680 Speaker 7: Jewism is the same same principle, same value, same family value. 525 00:32:05,480 --> 00:32:10,160 Speaker 7: And he said, the relationship between the father and the 526 00:32:10,200 --> 00:32:14,800 Speaker 7: son in this show, this it's the same like in 527 00:32:14,880 --> 00:32:18,680 Speaker 7: twalky you know our Islam culture. 528 00:32:19,280 --> 00:32:22,400 Speaker 2: And when the. 529 00:32:21,280 --> 00:32:23,720 Speaker 7: Son come to the father and said listen, I want 530 00:32:23,760 --> 00:32:27,520 Speaker 7: to I met a widow with the kids. 531 00:32:27,200 --> 00:32:30,280 Speaker 2: And I want to marry the son. The father said, 532 00:32:30,480 --> 00:32:35,760 Speaker 2: what's what's happening is you are you? Are you dumb? 533 00:32:35,880 --> 00:32:37,920 Speaker 7: Are you you don't have a hand, you don't have 534 00:32:37,960 --> 00:32:40,440 Speaker 7: a leg, or what's wrong with you, and he said, 535 00:32:40,440 --> 00:32:43,600 Speaker 7: I want to get into the head of this father 536 00:32:44,280 --> 00:32:45,120 Speaker 7: when he listened. 537 00:32:45,400 --> 00:32:47,600 Speaker 2: And the same is in our culture. 538 00:32:47,640 --> 00:32:50,680 Speaker 7: And so this is what I want to tell you, 539 00:32:50,800 --> 00:32:55,240 Speaker 7: that it's not the paper, it is a leader zone, 540 00:32:55,280 --> 00:33:02,280 Speaker 7: that it is a politician. So he jis them Islam Christian, 541 00:33:03,160 --> 00:33:05,880 Speaker 7: it's the same people, same value, same understanding. 542 00:33:12,520 --> 00:33:16,880 Speaker 1: Mercy. For listening to a fantastic episode of Strictly Business, 543 00:33:17,560 --> 00:33:20,480 Speaker 1: be sure to leave us a review at Apple Podcasts 544 00:33:20,600 --> 00:33:24,560 Speaker 1: or Amazon Music. We love to hear from listeners. Please 545 00:33:24,600 --> 00:33:27,040 Speaker 1: go to Variety dot com and sign up for the 546 00:33:27,080 --> 00:33:31,960 Speaker 1: free weekly Strictly Business newsletter, and don't forget to tune 547 00:33:31,960 --> 00:33:39,400 Speaker 1: in next week for another episode of Strictly Business