WEBVTT - Unpacking the Upfronts: How TV’s Big Week Reflected Broader Industry Turmoil

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<v Speaker 1>Right.

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<v Speaker 2>Shut it down. New York is a union down.

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<v Speaker 3>Oh, Sight, shut it down, New York. Oh shut it down.

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<v Speaker 2>New York is down. Oh it's right, shun it down,

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<v Speaker 2>New York Union.

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<v Speaker 3>Welcome to Strictly Business, Variety's weekly podcast featuring conversations with

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<v Speaker 3>industry leaders about the business of media and entertainment. I'm

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<v Speaker 3>Cynthia Littleton, co editor in chief of Variety Today. My

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<v Speaker 3>guests are my colleagues, varieties crack team of television and

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<v Speaker 3>digital reporters and editors on the ground in New York.

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<v Speaker 3>This team is always working around the clock, but they

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<v Speaker 3>never work harder than they do during upfront Week, that is,

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<v Speaker 3>the mid May frame when the largest media conglomerates present

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<v Speaker 3>their programming plans for the upcoming season. Even and as

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<v Speaker 3>I say that, it sounds anachronistic for the way TV

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<v Speaker 3>works now, but the upfronts are a hi, how are

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<v Speaker 3>you FaceTime tradition for the television business and the advertising industry,

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<v Speaker 3>and I think that's still going to be a hard

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<v Speaker 3>habit to quit in the coming years. The twenty twenty

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<v Speaker 3>three marked an upfront's week like no other. As you'll

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<v Speaker 3>hear in audio clips taken from various events that are

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<v Speaker 3>woven into this podcast. Writers Guild of America pickets were

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<v Speaker 3>out in force, making their voices heard as the Labored

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<v Speaker 3>dispute rages on behind the velvet rope. There were plenty

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<v Speaker 3>of other signs of the industry's difficult transition from linear

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<v Speaker 3>to streaming. So let's dive into our roundtable discussion with

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<v Speaker 3>Varieties Jennifer Mos, Joe Otterson, Todd Spangler, and Brian Steinberg.

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<v Speaker 3>They have highlights and insights from Disney, Netflix, NBC, Universal, Fox,

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<v Speaker 3>YouTube and more. Don't even think about touching that die.

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<v Speaker 3>We'll be right back with all of that after this break.

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<v Speaker 3>So here we are on Friday, May nineteenth, with the

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<v Speaker 3>New York brain Trust of Varieties television coverage. Thank you

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<v Speaker 3>all for the This is Variety's TV Avengers, TV and

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<v Speaker 3>Digital Avengers, and I thank you all for assembling on

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<v Speaker 3>a Friday when you probably just want to lie flat

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<v Speaker 3>and recover after a week of upfronts and all its glory.

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<v Speaker 3>So thank you, Todd, Brian, Joe, Jenny. Let's I throw

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<v Speaker 3>this out as a jump ball for anybody who wants

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<v Speaker 3>to grab it. I am very keenly watching the NBA

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<v Speaker 3>playoffs go Lakers and jump ball for anybody who wants

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<v Speaker 3>to take it. This was an upfront you're like no other.

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<v Speaker 3>What was the mood out there in Midtown around the

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<v Speaker 3>events around you know, inside and outside.

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<v Speaker 1>Well, I would say it's it's a much more that

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<v Speaker 1>the business is changing very quickly and the days of

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<v Speaker 1>one and roses are probably over. These used to be

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<v Speaker 1>very glitzy events where you could, you know, watch it

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<v Speaker 1>for three hours, you know, listening to every every They

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<v Speaker 1>used to fly in every celebrity from every show for

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<v Speaker 1>a personal meet and greet, and he was there to

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<v Speaker 1>serve you shrimp and lobster to your heart's contented afterwards.

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<v Speaker 2>The parts you're fading away.

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<v Speaker 1>The glitz is fading away because the entire business is

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<v Speaker 1>being driven not by linear TV schedules but by digital

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<v Speaker 1>streaming and concerns about how to get bigger audiences. These

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<v Speaker 1>you know, the advertisers who buy TV want to get

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<v Speaker 1>big audiences so they can reach thousands of people in

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<v Speaker 1>one spoop. We not have to spend X number of

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<v Speaker 1>dollars to get one person here and one person there.

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<v Speaker 1>The big things to do that these days are sports

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<v Speaker 1>live spectacles and some streaming stuff. But The idea that

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<v Speaker 1>a drama is in a you know, at ten of class,

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<v Speaker 1>gonna do that for you anymore is kind of gone.

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<v Speaker 1>And so that's kind of what the network to produce

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<v Speaker 1>for years, dramas.

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<v Speaker 2>In comedies from eight to eleven. Now prime time is

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<v Speaker 2>anyone's prime time.

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<v Speaker 1>You know, my primetime might be one in the morning

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<v Speaker 1>when I said nothing to Dow versus my kid's prime

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<v Speaker 1>time might be fioclotin afternoon. The networks have to adjust,

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<v Speaker 1>and they are doing so by focusing more on streaming,

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<v Speaker 1>more on algorithms, more on software, and more on technology.

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<v Speaker 2>It helps pinpoint where your commercial should go. Some of

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<v Speaker 2>the creativities coming out of that.

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<v Speaker 1>And it's all about science and technology, and as such,

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<v Speaker 1>it's not as exciting as it used to be.

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<v Speaker 4>Outside.

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<v Speaker 5>Yeah, that it was, you know, in my in my

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<v Speaker 5>own limited experience, it was definitely more subdued than in

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<v Speaker 5>years past. It definitely seemed like people were almost holding

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<v Speaker 5>their breath. I mean, just again with everything happening with

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<v Speaker 5>the writer's strike, and like you know, even though like

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<v Speaker 5>Brian said, like you know, the fall schedule isn't necessarily

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<v Speaker 5>the key component that it used to be, but I

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<v Speaker 5>think there was a lot of people kind of wondering.

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<v Speaker 5>It's like, well, what's where are we going to be

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<v Speaker 5>and in three months and six months what is this

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<v Speaker 5>going to look like? And there just wasn't a lot

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<v Speaker 5>of certainty around anything. It's like, of course there's gonna

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<v Speaker 5>be you can have certainty around sports, you can have

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<v Speaker 5>certainty around your own scripted programming.

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<v Speaker 6>But it's just.

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<v Speaker 5>That's not you know, like he said that, that's not

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<v Speaker 5>the glitzy stuff that people really like, you know, really

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<v Speaker 5>want to see. I feel like, you know, there was

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<v Speaker 5>a lot of really good response to some of the

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<v Speaker 5>sports stars and people who came out, but it's just,

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<v Speaker 5>you know, it wasn't quite as fun as when you

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<v Speaker 5>have like actors and comedians kind of out there, like

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<v Speaker 5>working the crowd and kind of having fun with it.

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<v Speaker 5>So I think there was definitely the energy level was

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<v Speaker 5>down compared to past years.

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<v Speaker 1>I mean two of Foxy shows they showed that dramas

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<v Speaker 1>had no clips and no cast attached, just like goodttle montage,

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<v Speaker 1>just a little video montage.

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<v Speaker 2>It could should feel like this, here's a feel for but.

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<v Speaker 3>You trust us it's gonna be great.

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<v Speaker 2>That's not that's not how you get prop and Dale

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<v Speaker 2>will buy your shows.

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<v Speaker 7>But Brian, you're saying that even before the strike, you know,

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<v Speaker 7>this season, the the glitzy shrimp cocktail festivities had been

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<v Speaker 7>on the decline.

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<v Speaker 2>Well, Paramount pulled out before the strike happens. I mean

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<v Speaker 2>that's I think.

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<v Speaker 1>I think this art last year where I think these

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<v Speaker 1>shows are less import than the technology they need to

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<v Speaker 1>serve commercial you know, they serve ads. It's not I

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<v Speaker 1>used to tell you how, you know, adagans was all

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<v Speaker 1>about you know, crazy spokespeople and funny spokes characters and

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<v Speaker 1>jingles and you know, big stunts and they're still there.

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<v Speaker 1>But it's just it's not it's about finding the right

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<v Speaker 1>placement for your ad within with where.

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<v Speaker 8>With digital audiences and interactive technology.

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<v Speaker 9>This year, obviously with the strike it was different, but

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<v Speaker 9>it seemed like early in the week they were very

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<v Speaker 9>heavy with the picket lines. The first and biggest picket

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<v Speaker 9>line of the week was NBC Universal.

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<v Speaker 4>It was the most high profile.

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<v Speaker 9>It was out of out front of Radio City. There

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<v Speaker 9>were about two hundred people. They had some chance that

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<v Speaker 9>were catchy and went with NBCU. And then it kind

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<v Speaker 9>of noticed that it would get smaller throughout the week.

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<v Speaker 9>As it went on, And I think one of the

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<v Speaker 9>reasons for that isn't necessarily that the passion died off

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<v Speaker 9>or like people, but what happened is the focus has

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<v Speaker 9>gone from just like trying to make a statement in

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<v Speaker 9>front of advertisers, they're shutting down a lot of productions.

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<v Speaker 9>And you can't shut down a production.

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<v Speaker 4>From outside of an upfront.

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<v Speaker 9>You can make a statement and be in front of

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<v Speaker 9>advertisers and be in front of cameras, but if a

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<v Speaker 9>lot of the focus is actually on making these companies hurt,

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<v Speaker 9>when they're just kind of trying to do their best

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<v Speaker 9>to ignore you outside the upfront, the way you're actually

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<v Speaker 9>attacking them and getting at them is shutting down these productions.

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<v Speaker 9>So I think they were doing a good job of

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<v Speaker 9>actually putting their resources towards where.

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<v Speaker 4>It was going to make the biggest difference.

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<v Speaker 9>So the strike was still there, the picket lines were

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<v Speaker 9>definitely there, but it got smaller throughout the weekend.

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<v Speaker 3>I also want to ask you in terms of the mood,

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<v Speaker 3>that truly the mood like after the event. Of course,

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<v Speaker 3>the upfronts are an enormous amount of work for people.

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<v Speaker 3>It's exhausting reading up to it and afterwards. But what

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<v Speaker 3>would you say the executives, your contacts and the people executives, producers,

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<v Speaker 3>what was the mood? I gotta believe, you know, it's

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<v Speaker 3>kind of similarly unsettled.

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<v Speaker 5>Yeah, I'd say I'd say so for the again without

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<v Speaker 5>naming any names, I mean, the few people that I

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<v Speaker 5>spoke with, I mean, they almost just kind of seemed

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<v Speaker 5>to be glad that they were done with everything. You know,

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<v Speaker 5>it's kind of like, you know, we kind of have

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<v Speaker 5>to be here for this. And again not saying specific companies,

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<v Speaker 5>this happened to specific people, but just it was.

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<v Speaker 6>Very much they were very worried.

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<v Speaker 5>More so like it was almost like we're glad we

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<v Speaker 5>got through this without anything worse happening than like, you know,

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<v Speaker 5>like you didn't have like WGA members trying to storm

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<v Speaker 5>the stage or something. I think they were just worried

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<v Speaker 5>there's gonna be some kind of big, embarrassing public spectacle

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<v Speaker 5>with their name attached to it, which obviously, you know,

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<v Speaker 5>like the thing people fear most is a bad headline.

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<v Speaker 9>Talking to people after, they'd be like, we did it,

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<v Speaker 9>we got through it. We finished the presentation that probably

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<v Speaker 9>did not have a lot of talent in it those

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<v Speaker 9>very sports or news focused, as Brian said, and just

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<v Speaker 9>going through it and being like we hit the beast

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<v Speaker 9>that we need to hit. It's over now and we

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<v Speaker 9>can go to the party, or we can we did,

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<v Speaker 9>we checked off the box, we did the presentation, we

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<v Speaker 9>got it done, and now that's over.

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<v Speaker 4>Thank god. That seemed to be the opinion of a

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<v Speaker 4>lot of different people.

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<v Speaker 5>Or if your fox, you can just reopen the bar,

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<v Speaker 5>because they had the bar open and the presentation and

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<v Speaker 5>they reopened the bar afterwards. That's a little mixed there.

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<v Speaker 3>They know, they know their audience. Yeah, Todd, we're talking

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<v Speaker 3>obviously mostly about this past up front week, the week

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<v Speaker 3>of May fifteenth, but I know you ventured out into

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<v Speaker 3>the New fronts a number of times. That was due

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<v Speaker 3>to a couple of you. What would you say? What would

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<v Speaker 3>you say was the mood there? And what would how

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<v Speaker 3>would you what was your impressions from what you gathered

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<v Speaker 3>of the of the traditional broadcast upfronts, which of course

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<v Speaker 3>include a lot more platforms.

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<v Speaker 7>Now the New fronts. Boy, they've really tried to make

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<v Speaker 7>a COVID. It's it's just really penned the uh, the

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<v Speaker 7>redheaded step child of the of the Upfront's big brother.

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<v Speaker 7>So you know this this year. YouTube did a small

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<v Speaker 7>presentation at the New Fronts earlier this month, but they,

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<v Speaker 7>for the second year in a row, wanted to be

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<v Speaker 7>part of the TV up Front Week, so they you know,

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<v Speaker 7>had their event at Lincoln Center David Geffen Hall on Wednesday.

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<v Speaker 7>By the way, I was looking for for writers, strikers,

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<v Speaker 7>no picket line, nobody in sight, because YouTube creators aren't unionized.

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<v Speaker 7>I mean maybe some of them are, and there have

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<v Speaker 7>been attempts to have you know, Internet creator unions, but

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<v Speaker 7>those those, as far as they know, haven't really gone anywhere.

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<v Speaker 7>But the YouTube is is an outlier in this group, right,

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<v Speaker 7>I mean, even compared with net Flix. And I'm sure

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<v Speaker 7>we'll talk a little bit more about Netflix in a second,

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<v Speaker 7>but YouTube doesn't really produce content. They rely on their creators.

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<v Speaker 7>I mean, they did have kind of a traditional feeling

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<v Speaker 7>upfront thing because Roger Goodell walked out on stage and said.

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<v Speaker 3>Hey, I'm a the NFL Fanfare and you.

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<v Speaker 7>Know, he said his candor marks and you know, try

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<v Speaker 7>to get people excited about not just buying ads in

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<v Speaker 7>Sunday ticket but in the live NFL games. But you know,

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<v Speaker 7>The pitch from YouTube is you can buy football, you

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<v Speaker 7>know in all of these different channels right on YouTube

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<v Speaker 7>creators who they're going to send you know, they're sending

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<v Speaker 7>mister Beast into the locker room of some of these

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<v Speaker 7>NFL teams too, and he's got one hundred and fifty

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<v Speaker 7>three million followers, so.

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<v Speaker 3>I hope they tell the players.

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<v Speaker 7>Yeah. The interesting thing to me, the takeaway that I

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<v Speaker 7>had from YouTube was like, it's like YouTube. I mean,

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<v Speaker 7>YouTube is like TV used to be. They have this

0:12:11.800 --> 0:12:15.600
<v Speaker 7>tremendous reach. They have one hundred and fifty million viewers.

0:12:15.840 --> 0:12:18.320
<v Speaker 7>Well that was in the month of December. Who knows

0:12:18.440 --> 0:12:23.480
<v Speaker 7>how long they're watching or what they're watching, because you know,

0:12:23.600 --> 0:12:27.480
<v Speaker 7>it's not really directly comfortable to Nielsen TV ratings. But

0:12:28.000 --> 0:12:31.240
<v Speaker 7>here's YouTube saying, look, we've got every kind of content

0:12:32.640 --> 0:12:34.920
<v Speaker 7>that people want to watch, and that includes you know

0:12:34.960 --> 0:12:40.600
<v Speaker 7>the YouTube TV, traditional pay TV packaged Oh hey, advertisers,

0:12:40.640 --> 0:12:43.480
<v Speaker 7>you can also buy that inventory with us, and you

0:12:43.520 --> 0:12:47.080
<v Speaker 7>know that's clean and that's a well lighted space, and

0:12:47.120 --> 0:12:51.040
<v Speaker 7>we're going to sell you the top five percent most engaged,

0:12:51.120 --> 0:12:57.240
<v Speaker 7>most viewed content on YouTube and it's and you're getting

0:12:57.320 --> 0:13:00.079
<v Speaker 7>the reach and frequency that used to get on and

0:13:01.000 --> 0:13:02.719
<v Speaker 7>broadcast TV way back in the day.

0:13:03.480 --> 0:13:06.360
<v Speaker 3>But that is an interesting packaging those two things, like

0:13:06.480 --> 0:13:10.720
<v Speaker 3>the old guard of old linear you know, basically linear

0:13:10.800 --> 0:13:20.360
<v Speaker 3>cable but delivered virtually. Well, that segues into kind of

0:13:20.400 --> 0:13:22.400
<v Speaker 3>my next to my next sort of theme that I

0:13:22.400 --> 0:13:25.840
<v Speaker 3>wanted to talk about the cell. Did anybody we don't

0:13:25.840 --> 0:13:27.640
<v Speaker 3>have to go net, we don't have to go upfront

0:13:27.640 --> 0:13:31.000
<v Speaker 3>by upfront, but just your impression. Did anybody impress you

0:13:31.080 --> 0:13:33.920
<v Speaker 3>in terms of how they sold themselves, how they either

0:13:33.960 --> 0:13:37.680
<v Speaker 3>sold their wares or talked to advertisers about they all have.

0:13:38.080 --> 0:13:40.920
<v Speaker 3>They all come up with here's our new program that

0:13:41.000 --> 0:13:43.439
<v Speaker 3>has a clever name, and you know, but was there

0:13:43.440 --> 0:13:47.480
<v Speaker 3>anybody that just impressed you at like how they packaged themselves,

0:13:47.480 --> 0:13:50.480
<v Speaker 3>how they sold here's our profile, here's our audience, Here's

0:13:50.520 --> 0:13:53.160
<v Speaker 3>what this network goes for versus that network.

0:13:53.559 --> 0:13:57.000
<v Speaker 2>I thought Disney probably did the best job. They just

0:13:57.080 --> 0:14:00.240
<v Speaker 2>had a car hit sports. You want big audience, says

0:14:00.240 --> 0:14:02.679
<v Speaker 2>here they are. Here's Peyton Manning, Here's Serena Williams.

0:14:02.800 --> 0:14:05.840
<v Speaker 1>Here's Mode Night Football super Bowls coming in twenty twenty seven.

0:14:06.200 --> 0:14:10.000
<v Speaker 1>Then they segued into scripted, but everything that was sent

0:14:10.840 --> 0:14:14.920
<v Speaker 1>with a streaming outlet. So FX's shows ron Kulu and

0:14:15.320 --> 0:14:17.240
<v Speaker 1>Here's Marvel and here Star Wars.

0:14:16.960 --> 0:14:17.880
<v Speaker 2>On Disney Plus.

0:14:17.880 --> 0:14:22.440
<v Speaker 1>So even even their their scriptive stuff had a streaming component.

0:14:22.560 --> 0:14:26.200
<v Speaker 1>So I think they hit sports news. Even the segment

0:14:26.240 --> 0:14:28.320
<v Speaker 1>on local station, which I think is very unusual for

0:14:28.320 --> 0:14:30.800
<v Speaker 1>the upfront. They had the New York w ABC anchors

0:14:30.800 --> 0:14:33.400
<v Speaker 1>come out for a spot, which is I think almost

0:14:33.480 --> 0:14:36.200
<v Speaker 1>unheard of at the upfront to have the local anchor

0:14:36.400 --> 0:14:37.200
<v Speaker 1>talk for a while.

0:14:39.000 --> 0:14:39.600
<v Speaker 2>I thought Disney.

0:14:40.080 --> 0:14:42.840
<v Speaker 1>I think Disney knows this is what's selling right now,

0:14:42.960 --> 0:14:44.040
<v Speaker 1>big audiences and.

0:14:43.960 --> 0:14:46.800
<v Speaker 2>Then precise strupped up through streaming. We don't need to

0:14:46.800 --> 0:14:50.520
<v Speaker 2>talk about ABC or free Form or or FX. Let's

0:14:50.560 --> 0:14:51.200
<v Speaker 2>as get them what they.

0:14:51.160 --> 0:14:54.480
<v Speaker 1>Want, which is audiences, big, big audiences, and then precision

0:14:54.560 --> 0:14:55.080
<v Speaker 1>to follow.

0:14:55.640 --> 0:14:59.600
<v Speaker 7>And well, you gotta think that Netflix, for all their protests,

0:14:59.800 --> 0:15:01.720
<v Speaker 7>are going to have to look at sports at some point.

0:15:03.040 --> 0:15:09.080
<v Speaker 7>Exactly what you just said.

0:15:30.920 --> 0:15:33.800
<v Speaker 3>Don't even think about touching that dial. We'll be right

0:15:33.840 --> 0:15:44.080
<v Speaker 3>back after this break. I hope that pause was refreshing,

0:15:44.440 --> 0:15:49.440
<v Speaker 3>and now back to varieties upfronts round table. Jenny and Joe,

0:15:49.440 --> 0:15:51.680
<v Speaker 3>what impress you? You guys know, you guys are so

0:15:52.000 --> 0:15:54.320
<v Speaker 3>finger on the pulse of these fandoms. Do you think

0:15:54.640 --> 0:15:58.720
<v Speaker 3>anything impressed you there, like any any new potential, anybody

0:15:58.800 --> 0:16:01.760
<v Speaker 3>impressed you as like they get their fandoms, they know

0:16:01.880 --> 0:16:03.920
<v Speaker 3>how to talk to their fandoms.

0:16:04.680 --> 0:16:06.200
<v Speaker 5>Well, I think it's like Brian said, I mean, I

0:16:06.200 --> 0:16:08.600
<v Speaker 5>think Disney did the best job just in terms of

0:16:08.760 --> 0:16:11.440
<v Speaker 5>spectacle at this sort of a thing. I mean, like

0:16:11.440 --> 0:16:13.800
<v Speaker 5>you said, they had Serena Williams, they had Peyton Manning,

0:16:13.840 --> 0:16:15.920
<v Speaker 5>they had you know, DeMar Hamlin came out to a

0:16:15.960 --> 0:16:18.720
<v Speaker 5>standing ovation which I've never seen in an upfront.

0:16:18.360 --> 0:16:20.000
<v Speaker 3>Before go Bills.

0:16:20.360 --> 0:16:21.560
<v Speaker 6>Yeah.

0:16:21.600 --> 0:16:24.840
<v Speaker 5>But then just but then, since there wasn't really much

0:16:24.880 --> 0:16:27.880
<v Speaker 5>scripted content to talk about given everything going on with

0:16:27.880 --> 0:16:29.960
<v Speaker 5>the strike, the fact that they were able to bring

0:16:30.000 --> 0:16:33.240
<v Speaker 5>out Kevin Figee Kathleen Kennedy to come talk about big

0:16:33.320 --> 0:16:36.800
<v Speaker 5>upcoming Marvel shows like Secret Invasion, big upcoming Star Wars

0:16:36.840 --> 0:16:37.600
<v Speaker 5>shows like.

0:16:37.920 --> 0:16:39.720
<v Speaker 6>Skeleton Crew, like The Acolyte.

0:16:40.040 --> 0:16:43.800
<v Speaker 5>And then the one that really got me was they

0:16:43.840 --> 0:16:47.520
<v Speaker 5>had this incredible presentation for the FX show Showgun based

0:16:47.560 --> 0:16:49.680
<v Speaker 5>on the book that's been that you know, that's a

0:16:49.720 --> 0:16:52.320
<v Speaker 5>passion project of John Langrass that's been in the work

0:16:52.320 --> 0:16:56.960
<v Speaker 5>at that network since twenty eighteen, and then they just

0:16:57.040 --> 0:16:59.400
<v Speaker 5>had this huge thing with all these performers coming out

0:16:59.440 --> 0:17:03.320
<v Speaker 5>in like samurai armor, having like this big mock sword

0:17:03.400 --> 0:17:07.440
<v Speaker 5>battle going up through the aisleways onto the stage.

0:17:07.560 --> 0:17:09.480
<v Speaker 6>And I mean it's Disney.

0:17:09.480 --> 0:17:11.080
<v Speaker 5>I mean, so they can they can kind of afford

0:17:11.080 --> 0:17:12.480
<v Speaker 5>to do something like that, But I mean, no one

0:17:12.480 --> 0:17:15.360
<v Speaker 5>else came close in terms of the spectacle for something

0:17:15.359 --> 0:17:17.000
<v Speaker 5>like that. I mean because I mean again, like I

0:17:17.040 --> 0:17:19.280
<v Speaker 5>have a pretty good sense of like what's happening, like

0:17:19.320 --> 0:17:21.119
<v Speaker 5>what's coming out in TV at any given time. I

0:17:21.119 --> 0:17:23.879
<v Speaker 5>had completely forgotten about Showgun, you know, and now I'm like,

0:17:23.880 --> 0:17:25.560
<v Speaker 5>oh yeah, check that show out when it comes out.

0:17:25.560 --> 0:17:26.240
<v Speaker 6>That was pretty cool.

0:17:28.200 --> 0:17:30.760
<v Speaker 1>But then that's the kind of thing upfront where it

0:17:30.800 --> 0:17:33.200
<v Speaker 1>used to be known for how spectacle. This is why

0:17:33.280 --> 0:17:36.120
<v Speaker 1>you buy with us, you know, these are the experiences

0:17:36.119 --> 0:17:38.480
<v Speaker 1>that that everyone wants to hear about. We think to

0:17:38.520 --> 0:17:41.399
<v Speaker 1>take a different world, and I think Disney had it,

0:17:41.520 --> 0:17:42.639
<v Speaker 1>but many others did not.

0:17:43.520 --> 0:17:47.000
<v Speaker 7>Do you think Netflix would have been more interesting and

0:17:47.080 --> 0:17:48.199
<v Speaker 7>impressive in person?

0:17:49.480 --> 0:17:52.639
<v Speaker 2>I do, especially for the first time. I think the

0:17:52.680 --> 0:17:54.200
<v Speaker 2>other networks you can you.

0:17:54.200 --> 0:17:56.080
<v Speaker 1>Kind of know what you're gonna get with something the

0:17:56.119 --> 0:17:58.760
<v Speaker 1>Fox and ABC, But Netflix, I.

0:17:58.680 --> 0:17:59.920
<v Speaker 2>Think the in person would have helped.

0:18:00.440 --> 0:18:03.000
<v Speaker 1>Especially they hand the Russale Brothers and Anthon some very

0:18:03.000 --> 0:18:04.080
<v Speaker 1>big products coming out.

0:18:04.400 --> 0:18:06.240
<v Speaker 2>They have a lot in the can that that is

0:18:06.280 --> 0:18:06.840
<v Speaker 2>probably there.

0:18:07.240 --> 0:18:09.680
<v Speaker 1>They are edge against the networks who are all worried

0:18:09.680 --> 0:18:11.240
<v Speaker 1>about how much kind of has to lay everything right.

0:18:11.280 --> 0:18:13.880
<v Speaker 2>Yourn's out. Netflix has got a ton in the off

0:18:13.880 --> 0:18:15.840
<v Speaker 2>thing Stranger Things Finale.

0:18:15.960 --> 0:18:17.680
<v Speaker 1>I mean, there's a lot of stuff there and I

0:18:17.720 --> 0:18:21.439
<v Speaker 1>think I'm close and personal with the buyers, might have

0:18:21.480 --> 0:18:22.080
<v Speaker 1>done more.

0:18:21.880 --> 0:18:22.600
<v Speaker 2>For them this year.

0:18:23.200 --> 0:18:25.520
<v Speaker 9>Well, one thing that I think Earners did do that

0:18:25.520 --> 0:18:27.560
<v Speaker 9>that Disney did to and you know, not to continue

0:18:27.560 --> 0:18:30.600
<v Speaker 9>to talk about Disney, but I appreciate the moments where

0:18:30.600 --> 0:18:33.400
<v Speaker 9>they banked what they did have as news to give

0:18:33.440 --> 0:18:34.040
<v Speaker 9>as news.

0:18:34.160 --> 0:18:35.960
<v Speaker 4>Right, So, like Joe said.

0:18:35.800 --> 0:18:38.200
<v Speaker 9>Having Kevin Draggy and Kathleen Kennedy be able to come

0:18:38.240 --> 0:18:42.160
<v Speaker 9>out and announce premier dates or announce things in show

0:18:42.280 --> 0:18:44.639
<v Speaker 9>first looks were the Discovery had a decent number of

0:18:44.680 --> 0:18:48.320
<v Speaker 9>announcements too. They have two Food Network shows with Selena Gomez.

0:18:48.520 --> 0:18:52.040
<v Speaker 9>That's something slashy that you can announce there and not

0:18:52.160 --> 0:18:55.040
<v Speaker 9>everyone had a lot in the way of big announcements

0:18:55.080 --> 0:18:55.520
<v Speaker 9>to make.

0:18:55.440 --> 0:18:57.880
<v Speaker 4>Like Fox, Fox got to say it's.

0:18:57.680 --> 0:19:00.600
<v Speaker 9>Losing time on one but p that you know, there

0:19:00.640 --> 0:19:03.680
<v Speaker 9>weren't a lot of big moments. One thing I'll say,

0:19:03.720 --> 0:19:05.600
<v Speaker 9>and this needs like a giant asterisk next to it

0:19:05.600 --> 0:19:08.840
<v Speaker 9>because it wasn't an upfront but the SEW.

0:19:08.320 --> 0:19:09.119
<v Speaker 4>Really impressed me.

0:19:09.160 --> 0:19:10.800
<v Speaker 9>And it could be because it was Thursday and I

0:19:10.880 --> 0:19:13.000
<v Speaker 9>was tired by the end of the week, but it

0:19:13.080 --> 0:19:16.119
<v Speaker 9>was an exciting one to go to because so many

0:19:16.160 --> 0:19:18.960
<v Speaker 9>people had the question of what is the CW when

0:19:18.960 --> 0:19:22.159
<v Speaker 9>we've been waiting so long to hear Dennis Beller and

0:19:22.160 --> 0:19:24.639
<v Speaker 9>Bradswords like actually sit down in front of press and

0:19:24.720 --> 0:19:26.360
<v Speaker 9>answer questions about what they're.

0:19:26.200 --> 0:19:29.520
<v Speaker 4>Going to be And Joan and I had the privilege.

0:19:29.200 --> 0:19:32.320
<v Speaker 9>Of sitting down with them privately afterwards and talking to them,

0:19:32.520 --> 0:19:35.360
<v Speaker 9>and I left that feeling like pretty impressed that they

0:19:35.440 --> 0:19:40.719
<v Speaker 9>do have a plan and that it's not apparent immediately

0:19:40.800 --> 0:19:44.000
<v Speaker 9>because they, like everyone else, have a very strike proof

0:19:44.080 --> 0:19:48.560
<v Speaker 9>fallse schedule. It's very acquisition heavy, but they're in production

0:19:48.680 --> 0:19:50.480
<v Speaker 9>on a lot of things, and they have a lot

0:19:50.480 --> 0:19:52.640
<v Speaker 9>of stuff in development. I'm not going to say any

0:19:52.640 --> 0:19:56.399
<v Speaker 9>of it because my colleague is not tracking it, but

0:19:56.720 --> 0:19:59.919
<v Speaker 9>they did make me feel like we're we've all be

0:20:00.119 --> 0:20:02.360
<v Speaker 9>kind of wondering what they're doing. We still give them

0:20:02.359 --> 0:20:05.280
<v Speaker 9>a hard time, but they have a strategy and they

0:20:05.280 --> 0:20:05.840
<v Speaker 9>have a plan.

0:20:06.480 --> 0:20:09.040
<v Speaker 5>Like Jenny said, I mean I left that presentation thinking, like,

0:20:09.119 --> 0:20:12.880
<v Speaker 5>you know, this actually in terms of delivering a profit,

0:20:13.119 --> 0:20:15.680
<v Speaker 5>you know, to shareholders and like and like actually making

0:20:15.680 --> 0:20:18.320
<v Speaker 5>this thing successful in the traditional sense of a business,

0:20:18.840 --> 0:20:20.520
<v Speaker 5>this actually does make a lot of sense.

0:20:20.520 --> 0:20:22.000
<v Speaker 6>And then you just have to see where they take

0:20:22.040 --> 0:20:22.760
<v Speaker 6>it beyond this.

0:20:22.840 --> 0:20:25.360
<v Speaker 5>I mean, you know, obviously the writer's strike is impacting everything,

0:20:25.840 --> 0:20:27.480
<v Speaker 5>you know, and Brad Schwartz had this great line where

0:20:27.520 --> 0:20:29.479
<v Speaker 5>he says, you know, people keep people keep knocking us

0:20:29.480 --> 0:20:31.680
<v Speaker 5>for these cheap acquisitions, and he's like, first of all,

0:20:31.680 --> 0:20:33.920
<v Speaker 5>these are not cheap acquisitions. Second of all, a good

0:20:33.960 --> 0:20:35.960
<v Speaker 5>show is a good show. I mean, if it airs

0:20:36.440 --> 0:20:39.320
<v Speaker 5>on if it aired in Canada prior to this, what's

0:20:39.359 --> 0:20:41.760
<v Speaker 5>the difference. If it's a good show and people watch it,

0:20:41.920 --> 0:20:43.720
<v Speaker 5>that's what we're supposed to be doing. We're supposed to

0:20:43.760 --> 0:20:47.200
<v Speaker 5>be putting stuff like that on the air. So yeah,

0:20:47.240 --> 0:20:49.439
<v Speaker 5>I definitely I definitely left that more more impressed than

0:20:49.440 --> 0:20:50.680
<v Speaker 5>I thought I would be. But like Jenny said, it

0:20:50.680 --> 0:20:52.800
<v Speaker 5>was also a Thursday. My brain was basically mush and

0:20:52.840 --> 0:20:53.960
<v Speaker 5>they served us waffles.

0:20:54.560 --> 0:20:59.240
<v Speaker 3>There is a whole world of television stations that sometimes

0:20:59.320 --> 0:21:02.240
<v Speaker 3>gets very much lost in the in talking about global

0:21:02.240 --> 0:21:05.520
<v Speaker 3>streaming platforms and all of our focus on network. A

0:21:05.560 --> 0:21:09.000
<v Speaker 3>lot of the actual cold, hard cash that is made

0:21:09.080 --> 0:21:13.720
<v Speaker 3>in television comes through local stations. And I think Next

0:21:13.720 --> 0:21:16.320
<v Speaker 3>Star is a company I've been waiting for them to

0:21:16.400 --> 0:21:19.359
<v Speaker 3>sort of you know, we keep waiting for the magical, like,

0:21:19.400 --> 0:21:22.320
<v Speaker 3>what is the bigger thing that you're doing with this platform.

0:21:22.480 --> 0:21:24.560
<v Speaker 3>I'm starting to realize that what the bigger thing that

0:21:24.560 --> 0:21:28.560
<v Speaker 3>they're doing with this platform is running. They're they're doubling

0:21:28.600 --> 0:21:31.000
<v Speaker 3>down in the old fashioned business. They're running local and

0:21:31.119 --> 0:21:35.320
<v Speaker 3>national network prom you know, their business is a balance

0:21:35.359 --> 0:21:38.399
<v Speaker 3>of local television and national network programming.

0:21:39.119 --> 0:21:41.399
<v Speaker 9>Not to go off on a different cagent, but Casey

0:21:41.520 --> 0:21:44.680
<v Speaker 9>Bloyse was one of the few executives who did make

0:21:44.680 --> 0:21:47.240
<v Speaker 9>a statement about the writer's strike, like on stage and

0:21:47.440 --> 0:21:50.640
<v Speaker 9>was like made a note of that. Mark Lazarus did

0:21:50.640 --> 0:21:54.360
<v Speaker 9>it at NBCU as well, and they're not everyone did

0:21:54.359 --> 0:21:54.800
<v Speaker 9>bring it up.

0:21:54.840 --> 0:21:56.040
<v Speaker 4>Not everyone talked about it.

0:21:55.960 --> 0:21:59.080
<v Speaker 9>But the people who did I also felt like that

0:21:59.240 --> 0:22:02.120
<v Speaker 9>was good over all strategy to acknowledge it in some

0:22:02.160 --> 0:22:06.200
<v Speaker 9>way and move forward, because if you didn't, it kind

0:22:06.200 --> 0:22:07.800
<v Speaker 9>of made it more awkward because it was one of

0:22:07.800 --> 0:22:09.680
<v Speaker 9>the beats that all of us, at least as journalists

0:22:09.680 --> 0:22:11.720
<v Speaker 9>were waiting for in the room, and then if it

0:22:11.760 --> 0:22:15.760
<v Speaker 9>didn't happen, it was weird. But yeah, we're in the discovery.

0:22:15.800 --> 0:22:19.119
<v Speaker 9>I think using it because there wasn't as much you

0:22:19.160 --> 0:22:21.520
<v Speaker 9>can do right now to wow people, to kind of

0:22:21.520 --> 0:22:24.560
<v Speaker 9>shift the focus to Max, which isn't a giant ad

0:22:24.600 --> 0:22:27.680
<v Speaker 9>driver for them but is very timely for them, was

0:22:27.720 --> 0:22:30.520
<v Speaker 9>a good use of what could have otherwise been a

0:22:30.680 --> 0:22:33.840
<v Speaker 9>very lame presentation because there's not as much to talk

0:22:33.880 --> 0:22:35.560
<v Speaker 9>about it, no smart.

0:22:37.600 --> 0:22:38.119
<v Speaker 2>I'll weigh in.

0:22:38.240 --> 0:22:41.360
<v Speaker 7>Yeah, I thought maybe because my expectations were pretty low,

0:22:41.400 --> 0:22:45.199
<v Speaker 7>but I thought Netflix did a pretty good job. I mean,

0:22:45.320 --> 0:22:49.440
<v Speaker 7>Jenny identified immediately that they had they had queued up

0:22:49.480 --> 0:22:53.359
<v Speaker 7>this sort of TV style fall announcement here or are

0:22:53.400 --> 0:22:55.760
<v Speaker 7>some of your favorite shows coming back in the in

0:22:55.840 --> 0:22:56.280
<v Speaker 7>this fall?

0:22:56.880 --> 0:22:57.120
<v Speaker 1>Right?

0:22:57.359 --> 0:22:59.840
<v Speaker 7>And I mean even though you know, again as we've

0:22:59.840 --> 0:23:02.800
<v Speaker 7>been talking about, they don't sell a times, they don't

0:23:02.800 --> 0:23:06.959
<v Speaker 7>sell time slots. They're selling they're not selling day parts,

0:23:08.600 --> 0:23:12.720
<v Speaker 7>you know. There, and they had this really interesting I

0:23:12.720 --> 0:23:15.320
<v Speaker 7>mean it's unique where they they will sell you on

0:23:15.359 --> 0:23:18.560
<v Speaker 7>a day to day basis, on a country by country basis,

0:23:19.000 --> 0:23:23.560
<v Speaker 7>the top ten titles in each of those markets. That's

0:23:23.560 --> 0:23:29.080
<v Speaker 7>super interesting, and that's something TV networks can't really do right.

0:23:29.160 --> 0:23:33.040
<v Speaker 7>They can't say, Okay, you're going to get the top

0:23:33.080 --> 0:23:37.120
<v Speaker 7>ten shows that are on today. That's just not how

0:23:37.200 --> 0:23:40.600
<v Speaker 7>traditional TV works. So I thought it was really interesting.

0:23:40.600 --> 0:23:43.720
<v Speaker 7>And then you know, Surrandus and the other executives talked

0:23:43.720 --> 0:23:45.760
<v Speaker 7>about you know, they did a little bit of crystal

0:23:45.760 --> 0:23:49.359
<v Speaker 7>balling and and a little bit of you know, in

0:23:49.440 --> 0:23:52.160
<v Speaker 7>the tech business you call it vapor ware. It's it's

0:23:52.200 --> 0:23:56.480
<v Speaker 7>not real. But you know, Sarandas maybe Brian you talk

0:23:56.520 --> 0:23:59.000
<v Speaker 7>a little bit about it. But he had this notion

0:23:59.160 --> 0:24:03.520
<v Speaker 7>of like a thirty minute or an hour long commercial

0:24:03.680 --> 0:24:07.680
<v Speaker 7>that would follow the individual viewer across the different things

0:24:07.680 --> 0:24:10.800
<v Speaker 7>they watch over the courses several days or a week,

0:24:10.880 --> 0:24:14.080
<v Speaker 7>so that you know, it's this kind of really interesting

0:24:14.119 --> 0:24:23.240
<v Speaker 7>idea of narrative advertising storytelling. So I thought they exceeded expectations.

0:24:23.240 --> 0:24:24.439
<v Speaker 7>Maybe that's the way to put it.

0:24:24.440 --> 0:24:27.520
<v Speaker 3>It sounds like they used the time to really showcase Okay,

0:24:27.520 --> 0:24:30.000
<v Speaker 3>here's here here where Netflix, Here's how we're different.

0:24:30.200 --> 0:24:30.640
<v Speaker 2>Yeah.

0:24:30.720 --> 0:24:35.359
<v Speaker 3>I can't even imagine thinking about the human and machine

0:24:35.440 --> 0:24:38.280
<v Speaker 3>learning that it's going to take to like monitor all

0:24:38.320 --> 0:24:41.800
<v Speaker 3>those you know, advertising is about verification. Oh my god.

0:24:41.840 --> 0:24:44.560
<v Speaker 3>At least at least there's some jobs coming, Brian.

0:24:44.600 --> 0:24:47.639
<v Speaker 7>Well, then they're working with Microsoft. So that's one of

0:24:47.680 --> 0:24:50.760
<v Speaker 7>the other questions about, you know, for the for the business.

0:24:50.840 --> 0:24:54.800
<v Speaker 7>When do they have to you know, bring that technology

0:24:54.800 --> 0:24:59.159
<v Speaker 7>in house because and that dilutes you know, any earnings

0:24:59.200 --> 0:25:01.520
<v Speaker 7>they're getting from it advertising, because they have to split

0:25:01.560 --> 0:25:06.000
<v Speaker 7>it with Microsoft as their partner the one other thing,

0:25:06.040 --> 0:25:09.119
<v Speaker 7>you know. So it's baby steps for Netflix, right, But

0:25:09.320 --> 0:25:11.800
<v Speaker 7>in the in six months, it was interesting to see

0:25:12.240 --> 0:25:15.399
<v Speaker 7>how fully formed the story is at this point. And

0:25:16.640 --> 0:25:21.760
<v Speaker 7>not quite five million subscribers. I mean that's in advertising terms,

0:25:21.880 --> 0:25:24.119
<v Speaker 7>not very big, you know, call it three and a

0:25:24.160 --> 0:25:26.879
<v Speaker 7>half million in the United States. Is that going to

0:25:26.920 --> 0:25:29.760
<v Speaker 7>turn people's heads? No, but you know they're the biggest

0:25:29.800 --> 0:25:32.520
<v Speaker 7>streaming service in the world, and so people wanted to

0:25:32.520 --> 0:25:35.240
<v Speaker 7>see what they had to say and where they're headed.

0:25:35.600 --> 0:25:37.359
<v Speaker 6>I was open to duck out without you asking me.

0:25:38.800 --> 0:25:42.000
<v Speaker 5>No, I think in terms of what impressed me the most,

0:25:42.080 --> 0:25:43.680
<v Speaker 5>I mean I still have to I hate to say it,

0:25:43.720 --> 0:25:44.840
<v Speaker 5>but not I hate to say I should to that,

0:25:44.920 --> 0:25:47.240
<v Speaker 5>but I mean Disney I think was the best, just

0:25:47.280 --> 0:25:49.920
<v Speaker 5>because I mean, they've been around for so long. They're

0:25:49.960 --> 0:25:52.680
<v Speaker 5>this massive legacy company. They have an incredible breadth of content.

0:25:52.800 --> 0:25:54.720
<v Speaker 5>Like I said, they were really the only ones to

0:25:54.800 --> 0:25:59.240
<v Speaker 5>have any big, like scripted content like spectacle to share

0:25:59.320 --> 0:25:59.920
<v Speaker 5>with anybody.

0:26:00.400 --> 0:26:01.080
<v Speaker 6>I think they did it.

0:26:01.160 --> 0:26:03.359
<v Speaker 5>I think they really, you know, hit the nail on

0:26:03.400 --> 0:26:06.280
<v Speaker 5>the head with that one in terms of other people.

0:26:07.480 --> 0:26:10.360
<v Speaker 5>I think NBCU struggled a little bit in my mind,

0:26:10.359 --> 0:26:14.280
<v Speaker 5>simply because I still think they're still struggling to define

0:26:14.480 --> 0:26:17.320
<v Speaker 5>what the brand of Peacock is as a service, because

0:26:17.359 --> 0:26:19.000
<v Speaker 5>you know, they showcase some of their new things, like

0:26:19.000 --> 0:26:20.800
<v Speaker 5>they had this twisted metal show coming out with the

0:26:20.800 --> 0:26:23.560
<v Speaker 5>Anthony Mackie pretty soon. They have some other things that

0:26:23.600 --> 0:26:26.399
<v Speaker 5>have launched, but just haven't really seemed to connect in

0:26:26.440 --> 0:26:29.280
<v Speaker 5>a in a deeper cultural way. And I mean it

0:26:29.320 --> 0:26:31.480
<v Speaker 5>seems to me at least that you know, the most

0:26:31.520 --> 0:26:34.520
<v Speaker 5>popular show on Peacock is not an NBCU show.

0:26:34.560 --> 0:26:37.120
<v Speaker 6>It's Yellowstone. It's a paramount show.

0:26:37.520 --> 0:26:39.959
<v Speaker 5>So I still think they're struggling to kind of make

0:26:40.000 --> 0:26:42.800
<v Speaker 5>audiences take that one as seriously and I was also

0:26:42.880 --> 0:26:44.919
<v Speaker 5>very surprising to me, you know, given the obviously you know,

0:26:44.960 --> 0:26:46.960
<v Speaker 5>I guess they have the rights deals are coming up.

0:26:47.000 --> 0:26:50.320
<v Speaker 5>But they didn't feature any WWE talent really in the

0:26:50.400 --> 0:26:53.879
<v Speaker 5>NBCU presentation, which surprised me just because it's such a

0:26:53.920 --> 0:26:55.800
<v Speaker 5>it's such a huge part of the Peacock offering that

0:26:55.840 --> 0:26:58.960
<v Speaker 5>they have this massive, you know, WWE library to share.

0:26:59.000 --> 0:27:01.600
<v Speaker 6>So I was a little surprised by at I think.

0:27:01.520 --> 0:27:04.120
<v Speaker 3>The ww folks are always so colorful, you know, they

0:27:04.119 --> 0:27:06.600
<v Speaker 3>add a little sizzle exactly.

0:27:06.600 --> 0:27:08.159
<v Speaker 5>I mean, you have somebody come out, get put through

0:27:08.200 --> 0:27:10.280
<v Speaker 5>a table, everybody claps. I mean, what's that's to love

0:27:10.320 --> 0:27:14.520
<v Speaker 5>about that? But I did think I agree with Jenny

0:27:14.560 --> 0:27:17.040
<v Speaker 5>about Warner Discovery. I think they definitely did it did

0:27:17.080 --> 0:27:19.960
<v Speaker 5>a good job about kind of showcasing what they have coming,

0:27:20.040 --> 0:27:22.639
<v Speaker 5>especially with the rebrand of HBO Max to Max.

0:27:23.280 --> 0:27:26.000
<v Speaker 3>I will close by thanking you, first of all, thank

0:27:26.040 --> 0:27:28.360
<v Speaker 3>you for your impressions. You all being in the trenches

0:27:28.440 --> 0:27:32.240
<v Speaker 3>are are invaluable. I will just close by saying that

0:27:32.359 --> 0:27:36.760
<v Speaker 3>I am old enough to remember begging my parents to

0:27:36.840 --> 0:27:41.080
<v Speaker 3>let me stay up to watch the original Showgun because

0:27:41.240 --> 0:27:47.719
<v Speaker 3>that was the chatter on the playground Richard Chamberlain oomed

0:27:48.200 --> 0:27:50.400
<v Speaker 3>the miniseries Business back then own.

0:27:51.280 --> 0:27:52.600
<v Speaker 7>I was not allowed to watch it.

0:27:53.800 --> 0:27:55.000
<v Speaker 5>I thought you were going to say you begged your

0:27:55.000 --> 0:28:01.360
<v Speaker 5>parents to go to your first upfront.

0:28:11.440 --> 0:28:14.119
<v Speaker 3>Thanks for listening. Be sure to leave us a review

0:28:14.119 --> 0:28:17.640
<v Speaker 3>at Apple Podcasts. We love to hear from listeners. Please

0:28:17.680 --> 0:28:19.959
<v Speaker 3>go to Variety dot com and sign up for the

0:28:19.960 --> 0:28:24.600
<v Speaker 3>free weekly Strictly Business newsletter, and don't forget to tune

0:28:24.600 --> 0:28:27.520
<v Speaker 3>in next week for another episode of Strictly Business