WEBVTT - Caroline Hirsch Talks New York Comedy Festival

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

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<v Speaker 2>You thought we were going to get away from politics

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<v Speaker 2>by talking comedy, but I gotta tell you I have

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<v Speaker 2>bad news. They go ahead an you couldn't You couldn't

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<v Speaker 2>be more wrong, because comedy has played a big part

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<v Speaker 2>in this election, especially in recent weeks, from Tony Henricliffe's

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<v Speaker 2>floating Island of Garbage comment at Donald Trump's Madison Square

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<v Speaker 2>Garden rally to Kamala Harris's appearance on Saturday Night Live

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<v Speaker 2>on Saturday. Not to mention, whoever wins the election, Carol

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<v Speaker 2>will most likely be Can I say this is the

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<v Speaker 2>butt of many jokes over the next four years.

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<v Speaker 1>It's a given, It's a given right and we look

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<v Speaker 1>forward to what you sign up for, equal right, no

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<v Speaker 1>political divide on that. We like, appreciate the humor that

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<v Speaker 1>comes in. Our next guest is a perfect one to

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<v Speaker 1>wrap up our special edition of Bloomberg Business Week. We've

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<v Speaker 1>really been focusing on the elections today. Caroline Hirst is

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<v Speaker 1>the founder of course of Caroline's on Broadway, operated from

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<v Speaker 1>nineteen eighty one to twenty twenty two. Also founded and

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<v Speaker 1>produces the annual New York Comedy Festival, which he launch

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<v Speaker 1>back in two thousand and four, kicks off this week.

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<v Speaker 1>Includes names such as Jedd Apatow.

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<v Speaker 2>David l Is going to be there, yeah, britt Miggs.

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<v Speaker 1>Brittany Brave, Bill Maher, Tracy Morgan, and a lot more.

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<v Speaker 3>That's quite a line up.

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<v Speaker 2>It's quite a lot up. And that's just like I

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<v Speaker 2>was looking at the website. That's like a tiny fraction

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<v Speaker 2>of who's going to be there. Carolyn Hirsch joins us

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<v Speaker 2>here in the Bloomberg Interactive Brokers studio. Welcome back, Thank you.

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<v Speaker 2>It's like a nice tradition to have you in. But

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<v Speaker 2>one thing that's thinking about this here is that it's

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<v Speaker 2>you know, election day tomorrow, so.

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<v Speaker 3>Well we purposely had the festival after the election.

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<v Speaker 2>Did you really have something?

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<v Speaker 3>Oh yeah, you can't get in the middle of that

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<v Speaker 3>makes sense, right, Yeah.

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<v Speaker 2>Talk a little bit about that though. I mean a

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<v Speaker 2>lot of the comedians you have that who Caroly and

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<v Speaker 2>I just mentioned politics front and center for them, and

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<v Speaker 2>I think a guy like Bill Maher, I mean, he's

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<v Speaker 2>all over it.

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<v Speaker 3>Can't wait to see Bill.

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<v Speaker 2>I think I think he gave a little promo last

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<v Speaker 2>week on his show about the New York comedy fings

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<v Speaker 2>did he did.

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<v Speaker 3>He's been. You know, he's Bill's kind of like a fixture.

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<v Speaker 3>Last year he took a year off, but you know,

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<v Speaker 3>he's back again and he's been in the festival for

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<v Speaker 3>a number of years now and we always usually have it,

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<v Speaker 3>like actually one year we didn't have. We had it

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<v Speaker 3>before and I think it was before Donald Trump got

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<v Speaker 3>into office, and he had some words to say about that.

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<v Speaker 3>So but you know, Bill's been. I have to say,

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<v Speaker 3>you know, Bill's been this guy that is really center.

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<v Speaker 3>He call sings out the way he sees them, and

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<v Speaker 3>I think he's very honest. I mean, I love watching him,

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<v Speaker 3>and I think Bill's got a bigger career now than

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<v Speaker 3>he's ever had.

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<v Speaker 2>Well, Okay, so that's so interesting to say that, because

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<v Speaker 2>one thing that's different now that he's doing is this

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<v Speaker 2>Club Random podcast, which is so different than his normal show. Right,

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<v Speaker 2>it's a weekly show on HBO is what he's known for,

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<v Speaker 2>but he has this podcast that he like just sits

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<v Speaker 2>down with people and does these long interviews. Like seems

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<v Speaker 2>like everybody's doing this now.

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<v Speaker 3>I think, Yeah. Listen podcast is is the talk radio

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<v Speaker 3>of today. So they're very interesting, interesting people. We have

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<v Speaker 3>lots of podcasts in the festival that kind of like,

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<v Speaker 3>you know, so how did he get made? You know,

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<v Speaker 3>which is great, which is a group of people that

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<v Speaker 3>got together one night at a Paul party and said, hey,

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<v Speaker 3>how did that ever get made for TV? And they

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<v Speaker 3>created a pod?

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<v Speaker 1>People love that. Well wait, so wait, so when you

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<v Speaker 1>think about what you want to do with the festival

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<v Speaker 1>and you've been doing for such a long time, and

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<v Speaker 1>I'm sure there's evolution and there's obviously you know, the

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<v Speaker 1>iconic comedians you want. I'm sure our new voices tell

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<v Speaker 1>us how you think about it every year?

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<v Speaker 3>Well, we we think about it like the day after

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<v Speaker 3>we like, you know, the middle of this November coming up,

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<v Speaker 3>we'll think about next year. But it takes about a

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<v Speaker 3>year to get everybody kind of in line and between

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<v Speaker 3>the schedules and this and that. So you know, we

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<v Speaker 3>have close to three hundred shows around New York City

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<v Speaker 3>with you know, two hundred or more comedians that are around,

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<v Speaker 3>so you know, we have something for everyone. I mean,

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<v Speaker 3>you know, we're at the greatest venues of the world,

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<v Speaker 3>you know, the Beacon Theater, Town Hall, Carnegie Hall, and

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<v Speaker 3>it's an array of great comedians and we have. We're

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<v Speaker 3>kicking it off on Thursday night with a tribute to

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<v Speaker 3>Joan Rivers. This is something her daughter Melissa put together

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<v Speaker 3>and it's called Dead Funny and it's all star tribute

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<v Speaker 3>to Joan and it benefits God's love. We deliver And

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<v Speaker 3>there are plenty of comedians on there like Nicki, Glasier,

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<v Speaker 3>Mattato Lane, Randy Rainbow, Michelle Batteaux, Rachel Branahan who played

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<v Speaker 3>Marvelous Missus Mayzell, which is kind of a you know, look,

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<v Speaker 3>there are two hit shows on TV today. They were

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<v Speaker 3>The Marvelous Missus Mazell and Hacks and they both kind

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<v Speaker 3>of centered around the life of Dry Wavers. Right, So

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<v Speaker 3>here you go, ca.

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<v Speaker 1>Yeah, which is really good. Well, but it's also a combination.

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<v Speaker 1>You've got a lot of musician Bruce Springsteen.

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<v Speaker 3>We have Bruce, but Bruce is part of our big

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<v Speaker 3>event because why stand up for Heroes love it. It's

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<v Speaker 3>something that Bruce.

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<v Speaker 1>I mean, I never questioned Bruce being anywhere, but.

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<v Speaker 3>He's been on the show for it's our eighteenth year

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<v Speaker 3>of doing Stand Up for Heroes. He's been on the

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<v Speaker 3>show for seventeen years. He took one year off when

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<v Speaker 3>he was doing his Broadway show, and he's been a

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<v Speaker 3>constant there and he's very involved with that issue and

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<v Speaker 3>raising these funds. And we have a stellar lineup this

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<v Speaker 3>year and.

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<v Speaker 1>It is It is the twentieth annual New York Comedy Festival,

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<v Speaker 1>and the Stand Up for Here, like.

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<v Speaker 3>Stand Up for Here is eighteen years, eighteen years, and

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<v Speaker 3>it's you know, over this time, we've raised over one

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<v Speaker 3>hundred million dollars the veteran causes. And I just went over.

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<v Speaker 3>I'm on the board of the Woodard's Foundation. I just

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<v Speaker 3>went over a number of grants. We get ten million

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<v Speaker 3>dollars in grants. This year. When there was a hurricane

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<v Speaker 3>in Tampa, we were there helping out the vents. So

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<v Speaker 3>we're like action packed, vetted the best way you could

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<v Speaker 3>possibly be. And this money is well spent with the veterans.

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<v Speaker 1>I get to say, with veterans, I mean nothing funny

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<v Speaker 1>about it that, you know, we have individuals in our

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<v Speaker 1>country who go over and fight and fight for freedom

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<v Speaker 1>and to protect other countries, to protect Americans and American assets,

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<v Speaker 1>and come home and then it's like they're forgotten, and

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<v Speaker 1>it's you know, I'm not going to get political, but

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<v Speaker 1>it is great to see the efforts that you do

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<v Speaker 1>and others to help them out.

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<v Speaker 3>Thank you.

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<v Speaker 2>You mentioned Bruce Springsteen, but Jim Gaffagan, Nora Jones, Questlove,

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<v Speaker 2>Jerry Seinfeld, Jon Stewart, Mark Norman, Yeah, Mark NORMANTERI.

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<v Speaker 3>Yeah, it's a great line up. It's gonna be What

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<v Speaker 3>are you looking forward to?

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<v Speaker 1>You said, you said, yeah.

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<v Speaker 3>I go to you know, get to see Bill. You know,

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<v Speaker 3>Bill started with me in my first club on eighth Avenue,

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<v Speaker 3>so we've known each other for years. I always excited

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<v Speaker 3>to see him, to hear what he has to say.

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<v Speaker 3>I'm excited for.

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<v Speaker 1>Like, did you know Bill was going to do well

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<v Speaker 1>or did you think, like what do you like? What

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<v Speaker 1>is it when you see somebody or you know this

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<v Speaker 1>this person's gonna be Bill.

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<v Speaker 3>Bill had great stand up he did forty years ago, yees,

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<v Speaker 3>so he was he was great at that and stayed

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<v Speaker 3>with it and then politically incorrect got him to where

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<v Speaker 3>he is today. So you know, he just was there

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<v Speaker 3>tenacity and stayed with it and and and did great.

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<v Speaker 3>But we have a lot of people that have worked

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<v Speaker 3>at the club for so many years, like Tracy Morgan, JB. Smooth,

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<v Speaker 3>Miss pat Is at Town Hall. Also, Adam Ray is

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<v Speaker 3>playing Doctor Phil at the Beacon Theater. Jibooki Young White

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<v Speaker 3>is also at the hard Rock. The hard Rock is

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<v Speaker 3>playing a big part in the festival. We have shows

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<v Speaker 3>there practically every night at the Hardrock Hotel. It's great

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<v Speaker 3>venues that that's there. We have a tribute to Gilbert

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<v Speaker 3>Gottfried that's there, So it's it's kind of taken the

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<v Speaker 3>place of the Caroline Space and we're doing all of

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<v Speaker 3>those shows there at the hard Rock.

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<v Speaker 2>We're gonna talk more about Carolines in just a minute,

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<v Speaker 2>but I do want to get you to weigh in

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<v Speaker 2>on the election stuff and just like the way that

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<v Speaker 2>comedy has played in just over the last week. I mean,

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<v Speaker 2>if you think about what happened at Madison Square Garden

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<v Speaker 2>with Tony Hinchcliffe in the way that that comment from

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<v Speaker 2>him just dominated the news cycle. Now there's some polling

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<v Speaker 2>that actually indicates that it caused people potential Trump voters

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<v Speaker 2>to move away from Trump. Did you think we'd be

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<v Speaker 2>talking about like a comic who's known for roasts, no,

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<v Speaker 2>in fact, to the president.

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<v Speaker 3>You know what you call it is like a bad booking,

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<v Speaker 3>you know, just like a bad booking and it shouldn't

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<v Speaker 3>have happened. But then again, you hire Tony, you have

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<v Speaker 3>to know what comes with Tony. It's like, you know,

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<v Speaker 3>there's no filter, so you really can't You really can't

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<v Speaker 3>filter a comedian like that, as you know from the

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<v Speaker 3>Tom Brady roast. I mean, he was really out there,

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<v Speaker 3>so you have to know, you know, so you know,

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<v Speaker 3>the person that booked him on the show.

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<v Speaker 2>Maybe not something you would suggest for a political closing.

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<v Speaker 3>I would if I was in charge of that, but

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<v Speaker 3>the comedians never, I would never put him up there.

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<v Speaker 2>So what type of comedian would you put up?

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<v Speaker 3>Well, you know we had we had we had Jim

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<v Speaker 3>Gaffigan that was at the Al Smith dinner. Yeah, and

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<v Speaker 3>that Yeah, I mean he made points but a little more,

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<v Speaker 3>you know, and he's tasteful. You know, he's a conservative,

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<v Speaker 3>but he made points a different way. So there's a

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<v Speaker 3>way to do it. So you have to know, you know,

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<v Speaker 3>you have to know how to book it. So Tony

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<v Speaker 3>was not the right person to be there at that time.

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<v Speaker 1>So can we assume that the festival, since it'll be

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<v Speaker 1>after the election, that there'll be a lot of politically

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<v Speaker 1>there all?

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<v Speaker 3>Right?

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<v Speaker 2>Close up on Caroline, are you kidding me with this question.

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<v Speaker 3>I mean, well, what.

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<v Speaker 2>Do you make of what I know?

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<v Speaker 1>I know? All right, So I asked the obvious.

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<v Speaker 3>I asked the I mean, I watched the late shows

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<v Speaker 3>at night, and it's not a night that doesn't go by.

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<v Speaker 3>Between Kimball and Colbert. It just doesn't stop. It's like

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<v Speaker 3>I have to walk out of the room until the

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<v Speaker 3>monologues over. It just it doesn't stop. So God knows

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<v Speaker 3>what the next week is going to be.

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<v Speaker 1>Well, and then you have what you're coming off a

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<v Speaker 1>weekend where you know, SNL and Kamala Harris appears in

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<v Speaker 1>a skit and I know political candidates have done that

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<v Speaker 1>in the past, but you just think about how important

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<v Speaker 1>it is in terms of like reaching different photos.

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<v Speaker 3>Oh absolutely absolutely. I mean that's the way to reach

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<v Speaker 3>young people.

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<v Speaker 2>From a comedy. From a comedy perspective, though, Does SNL

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<v Speaker 2>still carry the weight that it once did?

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<v Speaker 3>I think we're all talking about it, so I guess

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<v Speaker 3>it does. Yeah.

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<v Speaker 2>Really, yeah, interesting, because I wasn't expecting you to say that.

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<v Speaker 2>I was expecting you to say, Okay, well, you know,

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<v Speaker 2>maybe podcast, YouTube and you know, these sort of things

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<v Speaker 2>that get people TikTok, even it does. We talked about

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<v Speaker 2>with you in the past.

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<v Speaker 3>But they repurpose everything from SNL goes onto all of

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<v Speaker 3>those sites the next day, so that's where they connect

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<v Speaker 3>with young people. They really do. I mean, I think

0:10:11.320 --> 0:10:13.840
<v Speaker 3>I just read that SNL did a big deal right

0:10:13.880 --> 0:10:16.320
<v Speaker 3>now with TikTok. There's a lot of stuff from SNL

0:10:16.360 --> 0:10:19.520
<v Speaker 3>on there, so it gets repurposed and then it gets

0:10:19.520 --> 0:10:21.840
<v Speaker 3>seen and it gets everybody just talking about it, so

0:10:21.840 --> 0:10:24.640
<v Speaker 3>that when the news knows that Kamala Harris goes onto that,

0:10:24.960 --> 0:10:27.120
<v Speaker 3>we all talk about it the next day. So it's

0:10:27.559 --> 0:10:28.840
<v Speaker 3>a it's a good booking for her.

0:10:29.400 --> 0:10:31.760
<v Speaker 2>Well go ahead. I was gonna say, what about it

0:10:31.760 --> 0:10:34.080
<v Speaker 2>being a springboard for young comedians in this day and age.

0:10:34.200 --> 0:10:36.079
<v Speaker 2>I mean, he used to be on SNL and that's

0:10:36.080 --> 0:10:40.000
<v Speaker 2>where so many legends got their start. Well, you know, Bill.

0:10:39.400 --> 0:10:42.320
<v Speaker 3>Murr is coming up and hosting this weekend. Bill Burr

0:10:42.320 --> 0:10:44.800
<v Speaker 3>started out of Carolines as an opening act, and we

0:10:44.800 --> 0:10:47.040
<v Speaker 3>were the first people to ever headline him in New

0:10:47.120 --> 0:10:49.280
<v Speaker 3>York City through the New York Comedy Festival, which is.

0:10:49.280 --> 0:10:51.520
<v Speaker 1>Pretty didn't I I thought? I also read that Billy

0:10:51.640 --> 0:10:55.920
<v Speaker 1>Crystal SNL passed on him and then he did you

0:10:56.640 --> 0:10:59.920
<v Speaker 1>did care and that he liked and then ended up on.

0:11:00.480 --> 0:11:03.640
<v Speaker 3>That was probably, I believe in nineteen eighty four eighty five,

0:11:04.280 --> 0:11:07.559
<v Speaker 3>Dick Ebrisol came in Lord Michaels was not producing. Then

0:11:07.880 --> 0:11:10.400
<v Speaker 3>Dick Eprisol came in and put him on, and then

0:11:10.440 --> 0:11:13.439
<v Speaker 3>Billy just exploded again. Yeah, it's just kind of interesting.

0:11:13.640 --> 0:11:15.280
<v Speaker 3>Carolines was like a good luck chure on for a

0:11:15.280 --> 0:11:15.840
<v Speaker 3>lot of people.

0:11:16.960 --> 0:11:19.920
<v Speaker 1>So so how do you think about bringing it back

0:11:19.960 --> 0:11:20.520
<v Speaker 1>in some form?

0:11:20.600 --> 0:11:22.000
<v Speaker 3>Well, I think we want to bring it back in

0:11:22.040 --> 0:11:25.240
<v Speaker 3>a bigger way, more of a big event that might happen.

0:11:26.240 --> 0:11:28.079
<v Speaker 1>Or something or than that.

0:11:28.240 --> 0:11:29.559
<v Speaker 3>Yeah, she looks guilty.

0:11:29.640 --> 0:11:33.720
<v Speaker 2>She looks like she's got something cooking. Said here a

0:11:33.760 --> 0:11:36.640
<v Speaker 2>year ago. You sat here a year ago and said

0:11:37.320 --> 0:11:40.160
<v Speaker 2>you'll have something for us next time you're here. It

0:11:41.280 --> 0:11:43.600
<v Speaker 2>so that we're still working on it.

0:11:43.600 --> 0:11:44.640
<v Speaker 3>It was still working on it.

0:11:45.080 --> 0:11:48.839
<v Speaker 2>When you say bigger, you mean outside of New York too, maybe.

0:11:48.600 --> 0:11:51.960
<v Speaker 3>Yeah, I mean, like you know, Caroline's like as the

0:11:52.000 --> 0:11:55.800
<v Speaker 3>brand taking bigger and just outside of the four Broadway walls,

0:11:55.840 --> 0:11:57.480
<v Speaker 3>it'll be in other people's walls.

0:11:57.480 --> 0:12:00.920
<v Speaker 2>One thing that we've we've talked about at Bloomberg Business

0:12:00.960 --> 0:12:03.400
<v Speaker 2>Week is this idea that Joe Rogan is trying to

0:12:03.400 --> 0:12:05.839
<v Speaker 2>make Austin happen as a center for comedy like it

0:12:05.880 --> 0:12:08.720
<v Speaker 2>happened in LA and New York. Do you buy that?

0:12:09.960 --> 0:12:12.160
<v Speaker 3>I think he's dot a good job of bringing a

0:12:12.200 --> 0:12:14.720
<v Speaker 3>lot of comedians there. I don't know if it'll be

0:12:14.760 --> 0:12:18.080
<v Speaker 3>the centerpiece of comedy, but he's bringing you know, the

0:12:18.080 --> 0:12:21.120
<v Speaker 3>New York the New York comedians, and the LA comedians

0:12:21.760 --> 0:12:24.880
<v Speaker 3>and the Dave Chappelle's to go in there. But you know,

0:12:25.040 --> 0:12:27.800
<v Speaker 3>at New York is where it's at. New York is

0:12:27.800 --> 0:12:31.079
<v Speaker 3>where it's at. New York is bigger than LA for comedy.

0:12:31.160 --> 0:12:33.360
<v Speaker 1>So how do you think about comedy and like the

0:12:33.360 --> 0:12:35.440
<v Speaker 1>evolution of it? I mean, I grew up with a dad.

0:12:36.160 --> 0:12:40.200
<v Speaker 1>I'm trying to think the roasts with like Dean Martin

0:12:40.280 --> 0:12:43.640
<v Speaker 1>and so like just and they still continue. But does

0:12:43.679 --> 0:12:46.240
<v Speaker 1>it really change in terms of what makes people laugh?

0:12:46.520 --> 0:12:48.880
<v Speaker 3>No, I think it's you know, it's it's what makes

0:12:48.920 --> 0:12:52.360
<v Speaker 3>you laugh? Is is the common thread of the joke

0:12:52.600 --> 0:12:54.280
<v Speaker 3>because it happened to you, it happened to me, ha

0:12:54.400 --> 0:12:57.079
<v Speaker 3>ha ha Is that funny? Yeah? So that's really why

0:12:57.120 --> 0:13:00.280
<v Speaker 3>we all love comedy because it brings us to gather

0:13:00.360 --> 0:13:03.600
<v Speaker 3>and way to enjoy something. And that's really why it

0:13:03.640 --> 0:13:06.440
<v Speaker 3>makes you feel good and it's a stress reliever. And

0:13:06.480 --> 0:13:10.400
<v Speaker 3>you know we talk about loving to laugh. With comedy,

0:13:10.520 --> 0:13:12.840
<v Speaker 3>you can take some of the bad news. It could

0:13:12.840 --> 0:13:14.560
<v Speaker 3>be repurposed in another way.

0:13:14.840 --> 0:13:16.640
<v Speaker 2>Yeah, so you're gonna be laughing on Wednesday.

0:13:18.280 --> 0:13:21.840
<v Speaker 3>Yeah, I'll be laughing Wednesday.

0:13:20.520 --> 0:13:22.880
<v Speaker 2>If it's a day that ends. And why we'll be laughing.

0:13:23.400 --> 0:13:23.719
<v Speaker 3>She real.

0:13:23.760 --> 0:13:25.959
<v Speaker 1>Indeed, good luck, good luck, good luck at the festival

0:13:26.000 --> 0:13:28.200
<v Speaker 1>and we want to check it out. Twentieth Annual New

0:13:28.280 --> 0:13:32.000
<v Speaker 1>York Comedy Festival this November, November ninth, right.

0:13:32.000 --> 0:13:36.360
<v Speaker 3>Yea, oh no, no, no November. It starts on the

0:13:36.480 --> 0:13:39.120
<v Speaker 3>eighth through the seventh through the eighteenth. Got it.