Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. Bloomberg Tech is live
Speaker 1: from coast to coast with Carolline Hyde in New York
Speaker 1: and Eva Low in sentences.
Speaker 2: Go Welcome to a special edition of Bloomberg Tech Live
Speaker 2: from Bloomberg screen Time in Los Angeles. Coming up this hour,
Speaker 2: we're going to bring you conversations with some of the
Speaker 2: biggest names in the entertainment industry.
Speaker 3: We'll we're speaking with top celebrities, ed the entrepreneurs, with
Speaker 3: the leaders across this very much changing media landscape. And
Speaker 3: we first go to the talk of the town here
Speaker 3: at screen Time, of course, it was Jimmy Kimmel, the
Speaker 3: late night show host, sat down on Bloomberg's Lucas Shaw
Speaker 3: and explained how he thinks his comments about the conservative
Speaker 3: activist Charlie Kirk were mischaracterized by the political right. Take
Speaker 3: a listen.
Speaker 4: I didn't think there was a big problem, I you know,
Speaker 4: I just saw it as distortion on the part of
Speaker 4: some of the right wing media networks, and I.
Speaker 5: Was I aimed to correct it.
Speaker 4: I have problems like all the time, and it's kind
Speaker 4: of funny because sometimes you think, oh, this is not
Speaker 4: a problem, and then it turns into a big problem.
Speaker 4: And then sometimes it goes the other way where you
Speaker 4: think like, oh, oh, this is gonna be a problem
Speaker 4: nobody really notices.
Speaker 6: And so at what point did you realize this was
Speaker 6: a problem?
Speaker 4: I think when when they pulled the show off the air, Well,
Speaker 4: that's unusual.
Speaker 5: Yeah, And what.
Speaker 6: Were the conversations that Data and Bob that led to that.
Speaker 4: I hate to disappoint you, but they were really good conversations.
Speaker 4: I'm not a thinking I mean, like really good conversations
Speaker 4: they are. These are people that I've known for a
Speaker 4: long time and who I like very much much, and
Speaker 4: who were you know, who wanted we all wanted this
Speaker 4: to work out best. And I will tell you like
Speaker 4: I mean, first of all, I ruined Dana's weekend. It
Speaker 4: was just NonStop phone calls all weekend. But I don't
Speaker 4: think what I don't think the result, which I think
Speaker 4: turned out to be very positive, would have been as
Speaker 4: positive if I hadn't talked to Dana as much as
Speaker 4: I did, because it helped me think everything through and
Speaker 4: it helped me just kind of understand where everyone was
Speaker 4: coming from. I can sometimes be reactionary, I can sometimes
Speaker 4: be aggressive, and I can sometimes be unpleasant, and I
Speaker 4: think that it helped me. Really having those days to
Speaker 4: think about it was helpful.
Speaker 6: I have a dumb question about this as someone who
Speaker 6: is kind of reporting on it in real time, trying
Speaker 6: to figure out what's happening. So the show goes up there,
Speaker 6: you have all these conversations and when you made it
Speaker 6: or when you made a decision put the show back
Speaker 6: on the air, as my understanding at the time was,
Speaker 6: it still wasn't exactly clear what you were going to say.
Speaker 6: They still hadn't resolved the issues with the affiliates. So
Speaker 6: what do you resolve in those conversations to know you're
Speaker 6: going back if you haven't figured out a lot of
Speaker 6: the things that come out of it.
Speaker 5: I think just the.
Speaker 4: Spirit of what I'm going to say rather than specifically
Speaker 4: what I was going to say, And I think that's
Speaker 4: something that we all agreed on, and I think that.
Speaker 5: Ultimately I wanted to kind of.
Speaker 4: Cover every base if I could, and sometimes you can
Speaker 4: do that and sometimes you can't do that. And it
Speaker 4: was something really that had to come from inside me.
Speaker 5: It had to be truthful.
Speaker 4: And I had to lay it all out there and
Speaker 4: just be honest about what I was feeling and what
Speaker 4: I'd experienced, and I think I did, and I think
Speaker 4: that it probably went about as well as it could go.
Speaker 4: I knew that it wasn't going to be perfect, and
Speaker 4: there were always going to be people that didn't like
Speaker 4: it and didn't accept it. But the important thing to
Speaker 4: me was that I was able to explain what I
Speaker 4: was saying, what I was trying to say.
Speaker 5: You felt like your.
Speaker 6: Initial comments had been mischaracterized.
Speaker 5: I didn't feel like it they were.
Speaker 4: It was intentionally and I think maliciously mischaracterized.
Speaker 2: Yeah, there was Jimmy Kimmel there with Bloombog screen time
Speaker 2: host Lucas Shaw, who joins us now this morning. The
Speaker 2: story around Jimmy Kimmel is one of the most read
Speaker 2: on the Bloomberg terminal and the website, and it's being
Speaker 2: shared across the industry. I think that's not that surprising, right, Lucas.
Speaker 2: The headline is really straightforward. He thought that the show
Speaker 2: was done, and in the course of what we just heard,
Speaker 2: he explained everything that happened in the days that followed
Speaker 2: being taken off air, confirming quite a lot of your reporting.
Speaker 2: I just invite you to take it from there. And
Speaker 2: the main takeaways from you from the conversation.
Speaker 6: Well, I guess I was a little surprised on respect
Speaker 6: not shocked by how effusive his praise was for Disney,
Speaker 6: just because in the moment, my sense from people around
Speaker 6: him was that he was pretty pissed off at them,
Speaker 6: right they had taken him off the air. You heard
Speaker 6: him say, I didn't think I did anything that wrong.
Speaker 6: My comments got sort of weaponized by right wing media,
Speaker 6: and yet he's had nothing but positive things to say
Speaker 6: about CEO Bob Bieger, about entertainment coachair Dana Walden. He
Speaker 6: sort of somewhat endorsed Dana Walden to succeed Bob Byger,
Speaker 6: which you know, I don't know that he or Dana
Speaker 6: were expecting to happen last night, But this turn from
Speaker 6: what could have been a really sad, ugly episode in
Speaker 6: his career to something that has made him something of
Speaker 6: a hero. And so I you know, this was I
Speaker 6: guess a little bit of a victory lap for him, a.
Speaker 3: Victory lap, which then you get to the nittigritty of numbers,
Speaker 3: because that's what BlueBag does and you're trying to present
Speaker 3: him that. Ultimately, yes, he record bump in terms of numbers,
Speaker 3: but the numbers haven't been great for late night television
Speaker 3: full stop. How did he navigate what he thinks is
Speaker 3: the revenue positive or negatives right now for him?
Speaker 6: Well, twofold one, he was like, look, there was a
Speaker 6: lot of reporting about how much his peer, Stephen Colbert's
Speaker 6: show was losing. He thinks that that's wrong. He knows
Speaker 6: how much money these shows cost to make. You know
Speaker 6: generally how much they bring in. I think he said
Speaker 6: last night it cost about one hundred and twenty million
Speaker 6: dollars to do one of these shows. But he also said, look,
Speaker 6: if they were losing money, they'd go off there. Stephen
Speaker 6: Colbert show is going off the air. We don't know
Speaker 6: the future of Kimmel's show. His contract is up next year.
Speaker 6: I think most people assume that he'll be around for
Speaker 6: a little bit longer. They don't want to At a minimum,
Speaker 6: they're not going to fire him in the same way
Speaker 6: that CBS did Coldert. But obviously the big challenge for
Speaker 6: late night is that there's just so much more consumption
Speaker 6: happening online and you can't monetize it in the same way.
Speaker 2: Found that's so interesting, Like his insight into how the
Speaker 2: industry works, budgets, talent costs, losses or not losses, because
Speaker 2: that's kind of the point of the rest of the day.
Speaker 5: We have many very.
Speaker 2: High profile speakers across entertainment and media generally, but just
Speaker 2: for you, what is your next big focus after last night?
Speaker 6: My first interview is David Allison, who I think is,
Speaker 6: other than Kim Well, probably the biggest interview of the conference,
Speaker 6: just because he hasn't done a big interview since taking
Speaker 6: over Paramounts Guidance. He seems to be in the news
Speaker 6: every other day. He bought Barry Weiss's The Free Press.
Speaker 6: He may or may not be trying to buy Warner
Speaker 6: Brothers Discovery. We'll talk about both those things with him.
Speaker 3: And you've got Warner Brothers Discovery at the table as well.
Speaker 3: That's gonna be fascinating considering the conversation you have with
Speaker 3: Greg Peters ocosio Netflix about how ultimately he's not after M.
Speaker 7: And A WBD, That's gonna be a fascinating conversation.
Speaker 6: Yeah, the code chairs of their movie studio, I'm sure
Speaker 6: that they will avoid talking about any big corporate matters
Speaker 6: and kind of refer that to their leadership. But look,
Speaker 6: they will be great to talk about the movie business with.
Speaker 6: They have been on a real hot streak with Sinners,
Speaker 6: with Minecraft, many other hits over the summer, Weapons and
Speaker 6: then the new Ppa movie which probably isn't a commercial
Speaker 6: hit but looks like an Oscar front runner.
Speaker 2: All right, Bloombe's Lucas. Sure, who's leading our coverage here
Speaker 2: at Bloomberg screen time in Los Angeles? Thank you very much.
Speaker 2: But actually here on Bloomberg Tech carry so much more.
Speaker 3: Coming up, we're going to be speaking with Catherine Meyer,
Speaker 3: NPR CEO. Look, public media faces threats, particularly under the
Speaker 3: Trump administration. Right now, what is the future of funding
Speaker 3: sick with us?
Speaker 7: This is a BlueBag tech.
Speaker 8: See, that's what happens when people get activated.
Speaker 5: People got activated.
Speaker 8: And demanded that Jimmy Kimmel come back on the air.
Speaker 8: And I think that there was a great victory. So
Speaker 8: sometimes you know, when you're struggling and you're going through
Speaker 8: all these changes because of the madness in DC, it's
Speaker 8: important to realize when you do win, when you have
Speaker 8: a victory, and I think Jimmy Kimmel being back on
Speaker 8: the air was a victory for all.
Speaker 3: Of us Los Angeles mayor there Karen Bass reacting to
Speaker 3: Jimmy Kimmel's return, of course, to the air after a
Speaker 3: brief suspension of what he described as a mischaracterization of
Speaker 3: his comments about Charlie Kirk. Meanwhile, look, public broadcasting as
Speaker 3: a whole is facing new challenges. Outlets PBS, NPR, for example,
Speaker 3: seeing their share in federal funding cut by Congress over
Speaker 3: the summer, and raisest questions about the future. The viability
Speaker 3: at the center of the debate is MPR CEO Katmah,
Speaker 3: who we're pleased to say not only has just been
Speaker 3: is joining us, having already been called before the Oversight
Speaker 3: Committee earlier this year. Kevin, how how do you navigate
Speaker 3: this time? How are you seeing the ability for MPR
Speaker 3: to thrive and drive forward?
Speaker 9: Well, there's certainly no roadmap for this moment in time.
Speaker 9: I think this represents a step change for all public broadcasting.
Speaker 9: It's not just here in the United States. We recognize
Speaker 9: that public broadcasters around the world are under and increasing
Speaker 9: scrutiny and pressure. The good new for us is that
Speaker 9: we have a viable model because we've built audiences over
Speaker 9: the fifty years we've been in existence. We have forty
Speaker 9: six million listeners a week, and so as we look
Speaker 9: to the future, we're looking at all, right, this is
Speaker 9: a change. It doesn't change our public service mandate, It
Speaker 9: doesn't change our mission and our obligation to the American public.
Speaker 9: It just probably will change how we have.
Speaker 6: To do our work.
Speaker 3: When you say how you do your work, does it
Speaker 3: ultimately mean that you have to think about the resources
Speaker 3: that you put to work there? Can you be as
Speaker 3: expansive in the coverage that you have in for so
Speaker 3: many years.
Speaker 5: It's a good question.
Speaker 9: It's something we're trying to figure out. NPR received traditionally
Speaker 9: about one percent of our budget directly from the federal government,
Speaker 9: but we have just one percent. But we have a
Speaker 9: network of around two hundred and fifty member stations which
Speaker 9: received as much as seventy percent in rural parts of
Speaker 9: the country, and so we're waiting to see what some
Speaker 9: of the fallout will be for those stations. We have projections.
Speaker 9: We're concerned about this, and we're looking at how we
Speaker 9: can buttress some of their work by cutting fees to
Speaker 9: them and thinking about how to make a dollar stretch
Speaker 9: a little bit further to continue to serve local community Cavin.
Speaker 2: I think there would be a lot of value in
Speaker 2: you explaining the business model.
Speaker 5: It is amazing.
Speaker 2: Well, the reason I ask actually is in preparation for today,
Speaker 2: I suddenly stopped and looked at mprs following on social
Speaker 2: platforms for example. It's very very big. Yes, you know,
Speaker 2: how do I consume some MPR content like on YouTube
Speaker 2: for example, But that isn't necessarily a big, big income generator.
Speaker 2: View is that? Is that right?
Speaker 10: Right?
Speaker 5: So?
Speaker 9: I think people think of us as radio because that's
Speaker 9: our origin, but in fact, fifty percent of our listening
Speaker 9: comes from digital platforms. It comes through podcasts, it comes
Speaker 9: through YouTube, it actually comes through reading online. And you
Speaker 9: can see in our numbers that our demographics are actually
Speaker 9: very well distributed. We've been accused of being too liberal,
Speaker 9: but what I can tell you is that when we
Speaker 9: look at the audience data as to who comes to us,
Speaker 9: it's actually a very represent representative distribution of the American public.
Speaker 9: So fifty percent of what we're doing is for digital audiences,
Speaker 9: and fifty percent of what we're doing is for radio audiences.
Speaker 9: On the radio side, we have these roughly two hundred
Speaker 9: for fifty members across the country. They serve ninety nine
Speaker 9: point seven percent of the American public, So in some
Speaker 9: ways we are one of the largest national networks. And
Speaker 9: we have three thousand local journalists around the country who
Speaker 9: then serve back into the network with stories that they're
Speaker 9: filing for their local communities and for their states.
Speaker 3: How does it make them feel when they're deemed to
Speaker 3: be too liberal.
Speaker 2: And how not good?
Speaker 5: Yeah?
Speaker 9: Really not good. I mean, we have reporters who are
Speaker 9: covering tribal areas who are primarily focused on the issues
Speaker 9: of Native American communities. We have reporters in rural Alaska
Speaker 9: who are focusing on the issues that their communities face,
Speaker 9: some of the issues around for example, fishing and access
Speaker 9: to access to the sorry the National Wildlife Preserve and
Speaker 9: what does that mean for economic opportunity for Alaskans. They're
Speaker 9: having nuanced conversations that represent the full spectrum of the
Speaker 9: American debate on any of these issues, and so to
Speaker 9: be called liberal or to be demeaned in that way
Speaker 9: is really a misrepresentation of the work that they do.
Speaker 7: Nuanced is a great word, maed more of it.
Speaker 9: Well, we try to make sure that we're hearing from
Speaker 9: all sides of the story. In every story, and that
Speaker 9: means that we are representing sure, of course communities in
Speaker 9: California that perhaps have one point of view, but also
Speaker 9: communities in Indiana that have a different point of view.
Speaker 2: You know, we talked about this as a team, and
Speaker 2: one of our producers, Oreie Thomas, brought up the idea
Speaker 2: that there is like the NPR strategy, and then there's
Speaker 2: what the local stations are doing on the politics side
Speaker 2: of things. You know, how are the local stations reacting,
Speaker 2: for example, if a lot of their listener base did
Speaker 2: vote for President Trump, you know, with what's going on,
Speaker 2: how are you factoring that in? But also, like in
Speaker 2: the business model, do you end up sort of also
Speaker 2: competing at the MPR level with the local station level
Speaker 2: because you're trying to pursue different subscribers things like that.
Speaker 9: Well, those are sort of two very different questions. I mean,
Speaker 9: we aim to serve the entire spectrum of American conversation, right, So,
Speaker 9: we had the White House Press Secretary on just last
Speaker 9: week speaking directly to the American public about the administrations
Speaker 9: thinking on the current government shutdown. We invite members of
Speaker 9: both parties on all the time. We invite independent voices
Speaker 9: on all the time. This is important to us, but
Speaker 9: it's not just our politics coverage. It's also coverage of
Speaker 9: American life all of the cultural aspects that make up
Speaker 9: our differences as well. And that is one of the
Speaker 9: flexibilities of local reporting is it means that our station
Speaker 9: in Utah can run stories about the local reaction to
Speaker 9: the Charlie Kirk assassination as well as contributing to our
Speaker 9: national coverage, so that Americans all across the country can
Speaker 9: hear from those perspects.
Speaker 2: What is the feedback from American from the American listeners
Speaker 2: about everything that's happened, Well.
Speaker 9: I mean on the news, of course. I think what
Speaker 9: we hear very consistently is that this is a concerning time.
Speaker 9: People dislike the amount of polarization. We do hear that
Speaker 9: our coverage and the way that we approach things tends
Speaker 9: to bring people closer to an understanding of their fellow
Speaker 9: Americans because we really do focus on finding the personal story.
Speaker 9: We'd like to say that everything that happens in America
Speaker 9: happens somewhere, and so we're always trying to find this
Speaker 9: somewhere that that is happening, whether it's the implications of
Speaker 9: tearfs or you know the conversation that's happening around For example,
Speaker 9: Jimmy Kimmel, who you were just recently referencing.
Speaker 3: Listeners are so loyal you turn to them for funding.
Speaker 3: Have you seen big billionaires, big donors wanting.
Speaker 7: To step up into this moment.
Speaker 9: We have seen a outpouring of support, absolutely so. New
Speaker 9: Hampshire Public Radio for example, raised a million dollars in
Speaker 9: response to the defunding efforts and over the course of
Speaker 9: a short period of weeks. We really appreciative of this,
Speaker 9: but that won't fill the gap for these rural communities
Speaker 9: that are already sizzy economically strapped. There's a reason they
Speaker 9: have been federally funded. We know that for sorry, we
Speaker 9: know that twenty percent of Americans live without local news.
Speaker 9: There's a reason for that. The market cognitions don't allow it,
Speaker 9: and that's where public media has filled in the gap.
Speaker 9: So that still remains a challenge.
Speaker 10: We have seen a.
Speaker 9: Lot of support, of course, across the board for public radio.
Speaker 9: I think there were three million people who wrote into
Speaker 9: Congress to support the to support us at the time
Speaker 9: of defunding.
Speaker 7: But it won't be enough.
Speaker 9: To fill one hundred and twenty million dollar gap relative
Speaker 9: to the defending of your.
Speaker 7: Own background is so fascinating.
Speaker 3: Having been for a stint with the Web Summit, making huge,
Speaker 3: big events and for a tech community, you're on the
Speaker 3: chair of the Signal Foundation, You're also been at Wikipedia.
Speaker 3: I'm interested as to how in this moment of belt tightening,
Speaker 3: your technological savvy comes into all of it.
Speaker 9: Well, I actually think that technology is an enormous advantage
Speaker 9: for the complex structure that you have. You asked me
Speaker 9: about the business model earlier, and I think it's a
Speaker 9: great lead into this.
Speaker 7: Right, there is a.
Speaker 9: Way in which we could be in competition all of
Speaker 9: these local stations seeking to now transform their work for
Speaker 9: a national audience. Technology actually offers us the place to
Speaker 9: bring all of that aggregate reporting together. And so if
Speaker 9: somebody is running a really great story here in LA
Speaker 9: about a local band that is about to go on tour,
Speaker 9: and I reference that because music is a big part
Speaker 9: of what we do at NPR, we now have the
Speaker 9: ability to serve that to any audience member anywhere across
Speaker 9: the country who might be interested in what that.
Speaker 2: Band is about to do.
Speaker 9: Right, we wouldn't have been able to do that in
Speaker 9: a previous era, but the ability of digital platforms, the
Speaker 9: affordances for us to serve audiences seamlessly. They don't think
Speaker 9: of us as our local station versus our local station.
Speaker 9: They think of us as one public media experience, and
Speaker 9: that's really what we're leaning into.
Speaker 2: So, Sweden, what are you going to do differently are
Speaker 2: in this environment? What are you going to change to
Speaker 2: bring in more money that you need?
Speaker 9: Well, certainly investing pretty heavily in the fundraising piece. I mean,
Speaker 9: I don't think that that's dissimilar from what we've seen
Speaker 9: in nonprofit news as a whole. We've seen tremendous success
Speaker 9: in the nonprofit news sector in building subscriptions and building memberships.
Speaker 9: That's an opportunity for us, and in fact, we've been
Speaker 9: doing it for a long time. We have millions and
Speaker 9: millions of loyal donors across the country. It's time to
Speaker 9: bring in the next generation. You mentioned I come from Wikipedia.
Speaker 9: We have a little experience in this right, So that's
Speaker 9: one piece of it. I also think that it's an
Speaker 9: opportunity for us to think about how we're doing our
Speaker 9: news gathering and news production more effectively. And so we
Speaker 9: have all these journalists across the country. What does it
Speaker 9: mean to do the national editorial planning where we're really
Speaker 9: thinking about how to elevate these conversations that are happening
Speaker 9: around the country into the national story. And then of
Speaker 9: course we have this great international and national reporting that
Speaker 9: we mean to now weave.
Speaker 2: Into the next Cafreine mayor MPR CEO, thank you very
Speaker 2: much for being with us here at Bloomberg's screen Time. Meanwhile,
Speaker 2: Warner Music Group is said to be in close agreement
Speaker 2: with Netflix to create a slate of movies and documentaries
Speaker 2: based on the record labels catalog of artists and songs.
Speaker 2: That's according to sources. Here's what Warner Music Group CEO
Speaker 2: Robert Kilhle said about a potential deal.
Speaker 11: I cannot confirm anything, but but the you know, if
Speaker 11: you step back and think about this, it makes a lot.
Speaker 11: You know, our company has tremendous catalog, Prince Madonna, Fleetwood,
Speaker 11: Mac and it's just it just goes on and on
Speaker 11: and on. The stories that we have are incredible and
Speaker 11: they haven't really been topped.
Speaker 5: It more like Marvel for music.
Speaker 11: I said, that's that's that's where we are and it
Speaker 11: will be unlocked and so it makes a lot of
Speaker 11: sense for us to partner with a company that can
Speaker 11: bring it to life all around the world. And it's
Speaker 11: exciting both for acts who are no longer with us,
Speaker 11: but we make their estates happy and satisfied, but also
Speaker 11: for acts who are with us, who then can actually
Speaker 11: help bring young audiences to the streaming platforms.
Speaker 3: Robert kinsil One, a music group CEO.
Speaker 12: Then I think it's it's hard for any brand that
Speaker 12: has a deep, you know, consumer sense of what are
Speaker 12: you doing for me? Right, and then you're like, well,
Speaker 12: I'm going to do this as well, and you have
Speaker 12: it takes a while to really build up that.
Speaker 5: Sense of what's happening.
Speaker 12: But it's not it's not that dissimilar to let's say
Speaker 12: we were launched, you know, in a new country, like
Speaker 12: you know, you went to Japan, right, So when we
Speaker 12: started in Japan, two percent of the Japanese population it
Speaker 12: ever heard of Netflix, So nobody knew what wo But
Speaker 12: you can nobody even know your name much let's be
Speaker 12: able to tell you what we were doing. And we're
Speaker 12: doing pay TV service in a country that doesn't really
Speaker 12: have a great PayTV you know, operation we're doing over
Speaker 12: the internet in a way that was totally new, and
Speaker 12: so you've got to every day build a little bit
Speaker 12: of like what are we doing, who we are, what
Speaker 12: are we you know, how are we here to serve you?
Speaker 12: So that ten year journey, let's say, you know, just
Speaker 12: at the tenth anniversary in Japan. You know, tremendous progress
Speaker 12: over ten years, but it took us a long time.
Speaker 12: And I think, you know, the gaming situation is not
Speaker 12: dissimilar to that.
Speaker 6: How much is it an impediment that for the most
Speaker 6: part now you can only play it on on your phone?
Speaker 12: Well, I would say, you know, the phone is what's
Speaker 12: great about it is it's a well developed gaming ecosystem,
Speaker 12: right so you know, folks notifying games there. But it's
Speaker 12: also a highly competitive gaming ecosystem, so it's developed. This
Speaker 12: gives you both that upside and the downside. But what's
Speaker 12: exciting is that now we are moving beyond the phone
Speaker 12: to the TV. So I mentioned like one of the
Speaker 12: big gaming areas we're going after. One of the big
Speaker 12: gaming areas we're going after now is you know, so
Speaker 12: gaming experiences. It will show up on your TV. So
Speaker 12: we are now announcing we're announced here actually that we're
Speaker 12: going to have these social party games, a pack of
Speaker 12: social party games that you can play on your TV
Speaker 12: with your phone as the controller. And it's things like
Speaker 12: you know, recognizable games like Boggle. You got Pictionary, We've
Speaker 12: got a Lego party game, We've got Tetris, We've got
Speaker 12: like a Mafia style Who've done it? This is this
Speaker 12: is me and our CTO Elizabeth playing Boggle here, which
Speaker 12: is it's we're two very competitive people, so it got
Speaker 12: it got pretty ugly.
Speaker 6: Who I'm not going to say that means he lost?
Speaker 5: Oh does it why she watched a video? My friend?
Speaker 5: You triggered my competitors.
Speaker 12: But this is again, this is you know, so it's
Speaker 12: your phone, which is an incredible device, and there's all
Speaker 12: sorts of things that you're going to be able to
Speaker 12: do on your phone that you can't do on a
Speaker 12: normal controller like touch screen. And this is us basically
Speaker 12: picking our words on that, and it's you know, it's
Speaker 12: dead simple to use, it's intuitive. And then this is
Speaker 12: us on the earliest days of how we actually can
Speaker 12: use that. And if we you know, basically are going
Speaker 12: to like unleash this with a bunch of creators and
Speaker 12: they're going to go figure out stuff that we didn't
Speaker 12: even imagine that they can do with that interactivity.
Speaker 2: That was Netflix co CEO Greg Peter's key conversations coming
Speaker 2: up gaming with Twitch CEO Dan Clancy, Unice Lee of
Speaker 2: Scope Lee. One of the top streamers out there is
Speaker 2: Poke Maine. So much more from Los Angeles and Bloomberg
Speaker 2: screen Time. This is Bloomberg Tech. Welcome back to a
Speaker 2: special edition of Bloomberg Tech. We live from Bloomberg screen
Speaker 2: Time in Los Angeles. Amazon streaming platform Twitch. It's growing
Speaker 2: online stars by the minute. It's averaging more than one
Speaker 2: hundred and five million monthly visitors globally. And here to
Speaker 2: discuss the current state but also the future state of
Speaker 2: the live streaming business model is Twitch CEO Dan Clancy.
Speaker 10: Thank you for having me. It's great to be here.
Speaker 2: So Twitch is such an interesting thing, an entity. There
Speaker 2: are loads of people out there that aren't familiar with it,
Speaker 2: and actually I thought the most sensible place to start
Speaker 2: is like, can you just explain what Twitch is, how
Speaker 2: it works.
Speaker 10: Hopefully for those so simple space.
Speaker 13: So Twitch is a live streaming platform where people go live. Okay,
Speaker 13: and so if you say it's a live version of
Speaker 13: YouTube or something like that. But the thing that really
Speaker 13: makes Twitch unique in the kind of need that it
Speaker 13: meets in people is as human beings, we are all
Speaker 13: yearning for community. And what happens on Twitch is people
Speaker 13: go live and they basically share their lives. They let
Speaker 13: people into their living room, they go out in the.
Speaker 10: World, and they explore, they gain.
Speaker 13: And then what they do is very authentically engage with
Speaker 13: those people that are watching. And since people spend a
Speaker 13: fair amount of time watching these people, community forms between
Speaker 13: the folks that are watching, and I think that is
Speaker 13: really the magic of Twitch and which distinguishes Twitch from
Speaker 13: many other platforms that have live streaming. The phrase I
Speaker 13: use is we're community centric live streaming because people find
Speaker 13: a place where they belong.
Speaker 2: So the simple origin was like people would be playing
Speaker 2: video games in simple terms, and they would be filming
Speaker 2: and streaming themselves playing this game, sometimes with others. But
Speaker 2: it's kind of evolved into a much broader set of
Speaker 2: content irl or just chatting. Is the things that you
Speaker 2: know I'm following on the platform. Is there a still
Speaker 2: a heavy proportion of activity that's gaming related or is
Speaker 2: it now much more diverse?
Speaker 13: Well, it's very diverse, and the interesting story is even
Speaker 13: before Twitch, Twitch started as justin TV, and in justin
Speaker 13: TV it was life casting, so in fact it wasn't
Speaker 13: about gaming, okay, and then Twitch life life casting is
Speaker 13: what they called it back then, where you were just
Speaker 13: casting your life, and then Twitch pivoted and focused on
Speaker 13: gaming and that's when it really took off. And now
Speaker 13: it's kind of come full circle because while gaming is
Speaker 13: still a big part of Twitch and will always be
Speaker 13: a big part of Twitch, more and more creators are
Speaker 13: out there just doing all sorts of things you said, IRL,
Speaker 13: which is in real life, which means you go out
Speaker 13: on the streets, you go climbing a mountain.
Speaker 2: I've watched you stream from a water slide in a doughnut. Yes,
Speaker 2: content that irl, that's ir.
Speaker 10: It's in real life.
Speaker 3: DJ Cancy, I think, is who you're streaming as I'm
Speaker 3: interested though, like it does such a great job on
Speaker 3: the show reminding us of the sheer scale in the
Speaker 3: power of numbers of gaming. When we think about big
Speaker 3: movie hits, it pales into comparison of the amount of
Speaker 3: money earned by James versus video games. And what amazes
Speaker 3: me is how much the content creators are winning in
Speaker 3: terms of content. They are getting one hundred million dollar
Speaker 3: contracts to jump from you to kick or from Kick
Speaker 3: to you or to YouTube more than Lebron James is earning.
Speaker 3: Can you go to actually who your competition therefore is,
Speaker 3: and how you fight for that content in this moment.
Speaker 13: Yeah, the way I look at it astually, we're fairly
Speaker 13: unique in this space, and I don't focus on the
Speaker 13: competition because as a live streaming platform at our scale,
Speaker 13: they're smaller ones.
Speaker 10: But you know, really, when we think of the social.
Speaker 13: Media space, you have YouTube, you have TikTok, you have Instagram,
Speaker 13: but Twitch is really the only one that solely focuses
Speaker 13: on this community centric live streaming experience. And the way
Speaker 13: I describe it sometimes is we actually are a long
Speaker 13: form platform and that people sit there and watch for
Speaker 13: one hour two hours. So in that sense, we're like
Speaker 13: Prime Video and Netflix, but we're social, so we're sort
Speaker 13: of right in the middle of what I'll call the
Speaker 13: streaming platforms and the social media platforms. We're really a
Speaker 13: long form social media platform.
Speaker 3: They're also, dare I say, right in the middle of
Speaker 3: the culture wars.
Speaker 7: And I'm just really.
Speaker 3: Interested as to how you navigate that in leadership when
Speaker 3: people are bringing them into their homes in a more
Speaker 3: intimate setting and feel that they can share anything that
Speaker 3: they feel, but that then can blow up in many
Speaker 3: different ways.
Speaker 13: Yeah, so, first of all, it's very important that we
Speaker 13: take it very seriously in terms of having a set
Speaker 13: of guidelines and what's appropriate on Twitch and what's not,
Speaker 13: And so we spend a lot of time thinking about
Speaker 13: that and letting our creators do what they need to
Speaker 13: do to protect themselves.
Speaker 3: And you kick them off too if they take them
Speaker 3: off if.
Speaker 13: They're not adhering to them. That's really important for our platform.
Speaker 13: But really what it is is that's just one of
Speaker 13: the things you have to deal with if you want
Speaker 13: to get that authenticity because this key difference between Twitch
Speaker 13: and many other short form platforms. If you're just making
Speaker 13: a short clip, you can put on a mask. When
Speaker 13: you're live streaming, you can't put on a mask. And
Speaker 13: one thing that's been leading a lot of celebrities, entertainers, athletes,
Speaker 13: influence all sorts of people now to live streaming is
Speaker 13: they want that authentic, honest connection with their fans and
Speaker 13: turn those fans into community.
Speaker 2: Done to interrupt team, Let's bring up the Gavin Newsom
Speaker 2: session then and just play a little bit of it
Speaker 2: if we can. There's some sound associated with it, Dan,
Speaker 2: But in very simple terms, Gavin Newsome went on the
Speaker 2: twitchcsion and not providing due process, went on the Twitch platform.
Speaker 2: My understanding is that you know he was engaging with
Speaker 2: one of his children's favorite content creators, that that's the
Speaker 2: governor of California using Twitch to communicate. Just explain how
Speaker 2: you feel about that.
Speaker 13: Yeah, the way I think of it, what he's doing
Speaker 13: is he's he's just authentically interacting with you know, those
Speaker 13: people that may have an interest in him, right, And
Speaker 13: I do that myself. I stream and have a great
Speaker 13: time doing it, And when you do it, you realize
Speaker 13: there's like there's something really special about having that impact
Speaker 13: on people and having that feedback, that visceral feeling of
Speaker 13: you know when I when I stream, I'll play the
Speaker 13: piano and sing and they'll say, oh, I love that song,
Speaker 13: and it really kind of makes It's very different than
Speaker 13: just looking at metrics like you do on other social media.
Speaker 2: You've been really clear there are guidelines for the content creators,
Speaker 2: there are guidelines for the viewers in how they interact,
Speaker 2: but Twitch is one of a number of platforms that
Speaker 2: is caught up in a wider discussion about people that
Speaker 2: want to talk politics or even in the context of radickzation.
Speaker 2: Just give us your sort of blanket policy and approach
Speaker 2: to managing that environment on the Twitch platform, please, because
Speaker 2: DC is paying attention not just to Twitch. I get that,
Speaker 2: but it is important well.
Speaker 13: This show, I'd say, like, first of all, our policy
Speaker 13: is you know, you could freely express your views. It's
Speaker 13: how you say it that's important that you should not
Speaker 13: be attacking and hate and harassment is not allowed on
Speaker 13: our platform, and we're very clear about that.
Speaker 10: But we understand that people are going to.
Speaker 2: Get super quick who adjudicates that.
Speaker 13: We have both automated techniques and we have a large
Speaker 13: group of people that work whenever something's reported to then
Speaker 13: analyze it and see if it did hearst our community guidelines,
Speaker 13: and then if there's a violation, we take an enforcement action.
Speaker 3: What's so great as you two are going to be
Speaker 3: on stage together a little bit later, Twitch CEO Dan Clancy,
Speaker 3: we so thank you for your time with us on
Speaker 3: the show as well. Now coming up, we're going to
Speaker 3: be speaking with scopely Coo UNEs Lee about the growth
Speaker 3: and competition in the mobile gaming industry tech. In the
Speaker 3: realm of mobile gaming, there are a few key players
Speaker 3: increasingly dominating the space. One of those is Scopefully. It's
Speaker 3: the publisher behind Marvel Strikeforce, yat see with Buddies Pokemon,
Speaker 3: my kid's favorite. Scope Ly Chief operating officer Unis League
Speaker 3: joins us.
Speaker 7: Now and we see.
Speaker 3: That ip and it stands out so much units. But
Speaker 3: competition is really building. How do you see that as
Speaker 3: a really helping you focus on the business, scale the business,
Speaker 3: but also drive off those competitors.
Speaker 14: Sure, I mean it's always great to have competition because
Speaker 14: it only fuels that drive to innovate and to you know,
Speaker 14: exceed expectations. For us, we welcome all of it. I
Speaker 14: think scope Ly and forarticular, is always focused on a
Speaker 14: community first approach, and so the games that we're building,
Speaker 14: we think about how are we creating these highly social
Speaker 14: engaging experiences. And I think that's what sets us apart
Speaker 14: ultimately because we always start from that core premise.
Speaker 3: I'm that highly social engagement drives revenue. I'm assume mean
Speaker 3: just talk us through the business model.
Speaker 14: Sure, I mean it's pretty astounding. Last year, we achieved
Speaker 14: over ten billion dollars in lifetime revenue.
Speaker 6: We're really excited about that.
Speaker 14: We have five hundred million plus daily active users touching
Speaker 14: our games in the last twelve months. There's just amazing
Speaker 14: things happening, and we're so excited about adding Pokemon Go
Speaker 14: to our stable or amazing portfolio of games. They continue
Speaker 14: to grow and reach new players every day, and so yeah,
Speaker 14: it's pretty amazing.
Speaker 2: Unis terribloembog screen time. There's been a lot of industry news.
Speaker 2: I wondered if we could run through some of it.
Speaker 2: So like last night, Netflix to me basically demoed a
Speaker 2: technology that casts a mobile game from your phone to
Speaker 2: your TV screen. As a hardcore gamer in many different
Speaker 2: domains and formats, wasn't blown away by that? What do
Speaker 2: you make of that concept and idea. I mean, it's
Speaker 2: a mobile game cast to the television.
Speaker 14: I'm also a hardcore gamer, so I feel you. I
Speaker 14: think at the end of the day, we're trying to
Speaker 14: create again, highly social, engaging experiences and for our scope,
Speaker 14: Lee it's about trying to be on the different mediums
Speaker 14: where our players want to be, and even bringing our
Speaker 14: community together in real life as we have with the
Speaker 14: Go Fest, which is for Pokemon Go community. So I
Speaker 14: think for us, we're just look, we're going to always
Speaker 14: keep an eye on where people are playing, how they
Speaker 14: want to engage with our content, and try to serve
Speaker 14: that up to our community.
Speaker 2: The industry has seen seismic shifts in the last two years.
Speaker 2: I think that's a completely fair statement. You have some
Speaker 2: financial relationship with Saudi through various investments that they've made.
Speaker 2: The biggest, most recent use is the take private of
Speaker 2: Electronic Arts. My question is very simple. Have you had
Speaker 2: discussions about cooperating with EA? You know, you are very
Speaker 2: strong in mobile gaming. EA is not so strong in
Speaker 2: mobile gaming.
Speaker 10: We are.
Speaker 14: We have so much respect for what EA has been
Speaker 14: able to do and the amazing you know, brands and
Speaker 14: ips that they've built, so we have we come from
Speaker 14: that place first. Right now, we're not in specific discussions,
Speaker 14: but post deal, if those opportunities arrive, we're definitely open
Speaker 14: to discussions for sure.
Speaker 3: And we think about ultimately where you've come from the
Speaker 3: fact that you were busy over an activision with Call
Speaker 3: of Duty.
Speaker 7: You are someone who calls yourself a hardcore gamer.
Speaker 3: Where do you think the balance shifts in terms of
Speaker 3: mobile versus console. How do you see that continuing to evolve?
Speaker 14: Honestly, I think our community, our players want to access
Speaker 14: our content in different ways and it's not this huge
Speaker 14: battle so much. But again, as I mentioned earlier, it's
Speaker 14: about serving our community where they want to engage with
Speaker 14: our content, where they want to play, and I think
Speaker 14: there's a place for all of it. We are also
Speaker 14: we have several things which you can't talk about but
Speaker 14: in development that are a cross platform and across platforms
Speaker 14: you may not expect from scopeing.
Speaker 3: Okay, keep us tuned on that respect, but we can
Speaker 3: go global with you because you're a woman who is international,
Speaker 3: very core. You've been in London, you studied in Asia,
Speaker 3: and I'm thinking about how things change from global aera
Speaker 3: to global air. Pokemon go inherently for us a very
Speaker 3: Japanese bit of IP that has become a typical global phenomenal.
Speaker 14: Yes, absolutely, I mean for us again, it's there's a
Speaker 14: whole wide world to appeal to. And what the beauty
Speaker 14: of games is that it brings these folks together across
Speaker 14: the globe. It transcends geographies, cultures, and that's super exciting
Speaker 14: for us and that's that social connection part that we
Speaker 14: want to continue to promote and continue to see.
Speaker 2: So we're talking about this thing right, the mobile right,
Speaker 2: and gaming is one thing I can do on my
Speaker 2: mobile phone. Do you guys consider your rivals to be TikTok?
Speaker 5: Literally?
Speaker 2: This is Bloomberg screen time? You know, how do you
Speaker 2: assess a marketplace where the competition for eyeballs isn't necessarily
Speaker 2: in the time spent on gaming?
Speaker 6: Yeah?
Speaker 14: I mean I think the gaming space itself is so
Speaker 14: fast moving and evolves very quickly. So wherever eyeball's intention
Speaker 14: is again, wherever our players are fans because they're looking
Speaker 14: at IP through various mediums, so being conscious of that
Speaker 14: it's not just through the game, there's different ways of
Speaker 14: the IP coming to life, so us staying on top
Speaker 14: of that is super important at scopely, again, how do
Speaker 14: we connect with the community where they want to? Mobiles
Speaker 14: one of the most tactile and easiest ways to do so,
Speaker 14: but it's something that is always on our minds.
Speaker 2: Roadblocks. C dem Zuki told us very recently that sometimes
Speaker 2: on a Friday night their servers melt because of all
Speaker 2: the condensed activity in the mobile gaming domain. Do you
Speaker 2: ever come across like flash moments like that where the
Speaker 2: world is just playing at the same time.
Speaker 14: I mean, we have so many people engaging daily, hourly
Speaker 14: with our products because of their deep love of these ips.
Speaker 14: Star Trek Fleet Command is a great example. Yes, seventy
Speaker 14: five percent of our players of that game, they are
Speaker 14: touching it every single day, every single day, and in
Speaker 14: meaningful amounts of time.
Speaker 7: I mean, I know it's for your business.
Speaker 14: I think for Star Trek fans, it's like amazing to
Speaker 14: be able to be in that universe, and those are
Speaker 14: hardcore fans that that IP attracts real loyalty, and so
Speaker 14: our ability to do that, you know, for that community
Speaker 14: is pretty special.
Speaker 2: How many years has it been I've done like that
Speaker 2: on television? Unis Chief Opera I have remember I did
Speaker 2: do it once. Well, let's leave it. Unisslee, chief operating
Speaker 2: Officer at SCOPEIA. It's great to have you on bluebo Tech.
Speaker 2: Thank you so much.
Speaker 5: So.
Speaker 2: Hollywood's typically focused on the people in front of the camera,
Speaker 2: but today increasingly we're talking about streamers, people like imin
Speaker 2: anis more commonly known as poke Main. She's one of
Speaker 2: the most popular streamers on Twitch, with nearly ten million
Speaker 2: dedicated followers and another twenty million across other platforms. We're
Speaker 2: talking YouTube x, Facebook, Insta and delighted to say that
Speaker 2: Pokey joins us. Now we've been talking in recent weeks.
Speaker 2: It's great to finally have you on Bloomberg Tech. Like guys, now,
Speaker 2: bear with me on this one, but let's just start
Speaker 2: by asking what is your day job? How would you
Speaker 2: describe what it is that you.
Speaker 15: Do in technical terms? I'm a content creator. How I
Speaker 15: might want to describe it is just I love sharing
Speaker 15: my life online. I love to entertain people. I love
Speaker 15: to make people happy about it.
Speaker 2: I'd say it started with video games on Twitch, like
Speaker 2: quite a long time ago. You've got a long history
Speaker 2: with Twitch, I sure do. Twenty thirteen, twenty thirteen and like,
Speaker 2: and that's something we share in common. You know some
Speaker 2: of the titles in particular, but we just had Dan
Speaker 2: Fancy on the program earlier. For you in particular, it
Speaker 2: is expanded to IRL and just chatting. Is there a
Speaker 2: moment where that happened? It moved beyond video games?
Speaker 15: I would say, interestingly enough, when I first started streaming,
Speaker 15: you weren't even allowed to stream IRL or just chatting.
Speaker 15: It was just games, right, anything else you might get
Speaker 15: banned for a few days. And so as the platform
Speaker 15: started not only allowing but supporting different types of content,
Speaker 15: I of course only wanted to try out those different things.
Speaker 15: And I also love how it allowed me to showcase
Speaker 15: different parts of my life. Now instead of traveling and
Speaker 15: feeling like, oh, I can't do my job, I can't game,
Speaker 15: I can't speak to my community, I could travel and
Speaker 15: stream myself in those different countries. So as both the
Speaker 15: platform changed and what the audiences like and enjoy changed,
Speaker 15: I followed in and I was able to explore so
Speaker 15: many different types of content.
Speaker 3: And then we've seen you go to crew, We've seen
Speaker 3: you go to around the world. But what's so interesting, Pokey,
Speaker 3: is that your demographic must have broadened from League of
Speaker 3: Legends out to now wanting to see horse ride, talking
Speaker 3: about some of your health stories. How can you break
Speaker 3: down the demographics and who it is in your community?
Speaker 15: Absolutely? What I find the most interesting is that it
Speaker 15: entirely depends on the piece of content and the platform.
Speaker 15: So on Twitch, of course, the platform itself is maybe
Speaker 15: majority men, sometimes younger depending on the game or what
Speaker 15: you're streaming.
Speaker 7: But on TikTok.
Speaker 15: A lot of my videos are like majority female. I
Speaker 15: do get readies with me, makeup halls, all sorts of
Speaker 15: different things, and I really adore that because it allows
Speaker 15: me to really tap into and share all the different
Speaker 15: facets of my hobbies and what I.
Speaker 2: Like to do.
Speaker 3: And you do share your community of friends, they appear
Speaker 3: with you. There's also the perhaps your brother who doesn't
Speaker 3: appear so much on screen, and you're here in LA.
Speaker 3: There are safety concerns, whether it's in real life or
Speaker 3: whether it's online as well.
Speaker 7: How do you think about that navigating?
Speaker 15: Oh my, it really depends on the exact safety concern
Speaker 15: and what aspect it brings. So there's online safety and
Speaker 15: there's also in person safety. So what you said earlier
Speaker 15: about I L streaming, I typically don't IRL stream in
Speaker 15: LA unless I have security with me, otherwise I feel
Speaker 15: a little bit better streaming IRL in other countries. When
Speaker 15: it comes to moderation online, oh, it's been a trial
Speaker 15: and and error kind of situation learning how to moderate
Speaker 15: my platforms, how to feel safe online, how to make
Speaker 15: sure my community feel safe.
Speaker 7: So it's really a lot.
Speaker 6: Of different things.
Speaker 2: Hochy is part of the IRL and just chatting content.
Speaker 2: Sometimes you have discussed things that are more political or
Speaker 2: societal issues. How do you choose those that you want
Speaker 2: to weigh in on? And then the safety piece you
Speaker 2: just explained how you factor that in.
Speaker 15: I would say my priority for starters is of course
Speaker 15: speaking to my direct experiences and how I know those
Speaker 15: things affect others. For example, the safety issues that I
Speaker 15: face online, I'm not the only one, and it's not
Speaker 15: just creators. Any woman, any girl, frankly, any person online
Speaker 15: can be victim to those same safety issues. So I
Speaker 15: love to be a spokesperson for the things that I
Speaker 15: have direct experience and knowledge in. And then secondly for
Speaker 15: me political topics, what I really feel passionate speaking out
Speaker 15: about is simply just human rights, respecting other people what
Speaker 15: their rights should be in regards to the things that
Speaker 15: they can say, that they can experience, that they can share.
Speaker 15: I feel like that's what I.
Speaker 7: Feel comfortable talking about.
Speaker 15: And so aside from that, Luckily, the safety aspects that
Speaker 15: I have in place right now allow me to feel
Speaker 15: comfortable discussing anything.
Speaker 2: Hook you've made a career of this, would you please
Speaker 2: explain to our Bloomberg Tech audience you know how it
Speaker 2: works how you make money with respect if you're able to,
Speaker 2: Like you've also set up a talent agency for content creators.
Speaker 2: You know how big a piece is that for you?
Speaker 2: Is it different Twitch versus Instagram, for.
Speaker 15: Example, so your streams of income do differ greatly depending
Speaker 15: on the platform. I would say the unique thing about
Speaker 15: Twitch is that there's a subscription model, which means, as
Speaker 15: opposed to YouTube, where you can subscribe to someone for
Speaker 15: free and your essential just following them, like you follow
Speaker 15: someone on Instagram. For Twitch, when you subscribe, you're sending
Speaker 15: them five dollars every month. It's a monthly subscription that
Speaker 15: also generates income. But for me, the large, large, large
Speaker 15: majority of my career income has come just from sponsorships
Speaker 15: and contracts, and then probably the second largest piece has
Speaker 15: come from business ventures, and then the third largest piece
Speaker 15: might be subscriptions.
Speaker 7: So I'd say that's the unique.
Speaker 15: Piece that most people don't know about Twitch, but for
Speaker 15: ig in most other platforms, it's primarily ads and sponsors.
Speaker 3: We could talk to you for so much longer, and
Speaker 3: I'm very pleased that it's going to.
Speaker 7: Be on stage with you.
Speaker 3: Imman Ais also known as Poke main with so pleased
Speaker 3: that she joined the show, and what a show it
Speaker 3: has been, because that.
Speaker 7: Does it for this edition of Newbag Tech. But the
Speaker 7: story doesn't stop. There are so many people going to
Speaker 7: be on stage. I've got the Foster sisters, You've got a.
Speaker 2: Great Pokey and Dan from Clancy, Like I want to
Speaker 2: understand the content creator economy so much more because as
Speaker 2: we just heard, it's so different. And then tomorrow, well
Speaker 2: not miss this. We're going all in on defense technology.
Speaker 2: We will speak with the leaders of Anderill, Palenteer and
Speaker 2: many other leaders in defense tech from Andreil's head quarters
Speaker 2: right here in California. You don't want to miss it.
Speaker 2: There is a lot to recap from the last hour.
Speaker 2: Check out the pod loads of you are listening to.
Speaker 2: It's super grateful for the feedback we've had. Listen on Apple, Spotify,
Speaker 2: iHeart and the Bloomberg platforms. Caro take us out.
Speaker 3: I mean, what an amazing array we can do right
Speaker 3: here in Los Angeles and the world a content creation
Speaker 3: to the world of defense tech.
Speaker 7: There's a lot to be had.
Speaker 2: Yeah, this is Los Angeles and Bloombog screen time. This
Speaker 2: is Bloomberg Tech