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Speaker 1: Come laugh, make them laugh, don't you know everyone wants

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Speaker 1: to laugh?

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Speaker 2: Yeah, everybody, Let's make them laugh and laugh a bit more.

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Speaker 2: I mean, I gotta say, it's not always easy, considering

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Speaker 2: the news flow and the stresses that are out there

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Speaker 2: right economic, personal are otherwise kind of love that from singing.

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Speaker 3: In the rain.

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Speaker 1: You know what, though, it's actually good to laugh.

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Speaker 3: I know.

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Speaker 2: Okay, so where is good for us? We are nerds,

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Speaker 2: But speak for yourself. The Mayo Clinic points out that

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Speaker 2: when it comes to relieving stress, more giggles and guffaws

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Speaker 2: are just what the doctor ordered, noting that a good

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Speaker 2: laugh has great short term effects. When you start to laugh,

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Speaker 2: it doesn't just lighten your load mentally, it actually induces

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Speaker 2: physical changes in your body, including stimulating your organs, soothing tension,

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Speaker 2: improving your immune system. So everybody in the control room,

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Speaker 2: you better be laughing no more.

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Speaker 1: Yeah, I better go to the Comedy Festival. The seventeenth

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Speaker 1: annual New York Comedy Festival, Yes, about.

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Speaker 2: To get underway in early November. A legend in the

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Speaker 2: world of common is with us today in our studio.

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Speaker 2: Caroline Hirsch, founder of Caroline's on Broadway. Of course, you

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Speaker 2: know that she's here in our Bloomberg Interactive Brokers studio. Welcome, Welcome,

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Speaker 2: welcome back.

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Speaker 3: How are you good? I'm good. So we have quite

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Speaker 3: the medicine for you. Comedy festival.

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Speaker 1: My voice doesn't usually sound like this.

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Speaker 3: Festival number third, the twelfth we've extended this year. We're

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Speaker 3: ten days straight, probably about one hundred and fifty shows,

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Speaker 3: still counting. We're still adding, we're still putting people together,

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Speaker 3: so still announcing new shows coming up, twenty two theater shows.

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Speaker 3: So we're very very happy, Carolyn.

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Speaker 2: I just had family in from Texas, and you know

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Speaker 2: what they did. They did a bunch of things around

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Speaker 2: New York. It was a short weekend. They went to

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Speaker 2: a comedy show. People want to experience things. How did

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Speaker 2: you guys think about that? Are you seeing increased demand

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Speaker 2: or a lot of demand coming out of the pandemic

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Speaker 2: of people just wanting to go to things like comedy shows.

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Speaker 3: Well, I think the general people want to go to

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Speaker 3: live events, and I think live events are like the

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Speaker 3: big thing right now. So look, when we put tickets

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Speaker 3: on sale, we got a really really robust kind of

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Speaker 3: reaction to it. So ticket sales are really really good.

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Speaker 1: That's good.

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Speaker 3: It's good, it's good for New York.

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Speaker 1: Okay at Madow Square Garden.

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Speaker 3: Ok. Shane Gillis at Carnegie Hall, Mateo Lange and Me, Carr,

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Speaker 3: Anthony just all at Carnegie Hall. And you know what

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Speaker 3: happens that you know, people go to Carnegie Hall and

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Speaker 3: then they'll go to the restaurant across the street. Right.

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Speaker 3: So what we do is bring this stimulus to New

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Speaker 3: York City, which we're always happy to do, and we

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Speaker 3: have a lot of fun we're doing it. And then

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Speaker 3: we have you know, we we have Brett Goldstein do

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Speaker 3: you know him from Ted Lasso? So he's doing three

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Speaker 3: a lot of him at the beach.

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Speaker 2: Wait can we all say what he says? Oh no,

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Speaker 2: we can't say that on.

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Speaker 1: Air, can we You can't. You can't, you can't show

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Speaker 1: We do say it a lot.

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Speaker 3: Of the news, but go ahead.

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Speaker 2: He's so great.

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Speaker 3: Yeah. And then we have you know, we we have

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Speaker 3: a big event which is Stand Up for Heroes, which

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Speaker 3: kind of opens up the festival this year on November sixth,

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Speaker 3: So we have Jimmy Carr there, Tracy Morgan, Rita Wilson

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Speaker 3: will be singing, Shane Gillis, Ronnie Chang, John Stewart, who's

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Speaker 3: a constant there, and also Josh Grobin and John Mellencamp.

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Speaker 3: So that is quite a show.

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Speaker 1: Are they doing comedy? Are they singing?

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Speaker 3: Yeah?

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Speaker 1: This thing okay, that's ok.

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Speaker 2: How do you think about when you put it together?

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Speaker 2: Seventeen years and running? Talk to us about like how

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Speaker 2: it's evolved.

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Speaker 3: Oh, it's nineteen years. Oh forgive me years and seventeen

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Speaker 3: years for the standard for heroes, but it's nineteen years.

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Speaker 3: Next year we're having a big, big blowout the twentieth

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Speaker 3: year in New York City. Wow. You know we start

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Speaker 3: the day after we finish here, we start for next year. Actually,

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Speaker 3: we're trying to secure venues ready for next year, you know,

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Speaker 3: our big shows at Madison Square Garden. So we do

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Speaker 3: that constantly.

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Speaker 1: You know. It's it's we don't often because we have

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Speaker 1: a global audience here on the program. We really, yeah

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Speaker 1: we do.

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Speaker 2: I had no idea that's some comedy for you.

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Speaker 1: Well be kidding looking into the controller if you can

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Speaker 1: say they're not laughing in there. I know, I know

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Speaker 1: to my day job, but we do, and we you know,

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Speaker 1: we have a national audience as well. So why are

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Speaker 1: we talking about something here in New York. Well, because

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Speaker 1: a lot of people from all over the world and

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Speaker 1: all over the country come to this. Talk a little

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Speaker 1: bit about who this attracts and sort of where New

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Speaker 1: York is right now in the comedy scene, because you know,

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Speaker 1: there are people who are saying, you know, okay, LA

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Speaker 1: is you know a classic place for comedy. You've got

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Speaker 1: Joe Rogan and Austin doing his thing, you know, trying

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Speaker 1: to make Austin comedy happen. Where do you stand on

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Speaker 1: all this?

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Speaker 3: You know, you can never negate New York. Okay, you

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Speaker 3: can't take the New York say it's a good New Yorker. No,

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Speaker 3: it's here, it's here, It's Here's where it starts. This

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Speaker 3: is where you get the creative juices. This is where

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Speaker 3: you get the ideas they you know, the whole thing

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Speaker 3: with La was that, you know, which is not so

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Speaker 3: quite in fashion right now, is to go out there

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Speaker 3: to get your sitcom. That's that's not really happening anymore. Now.

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Speaker 1: It's nice happening over the last five months without the

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Speaker 1: writer's strike.

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Speaker 3: I can tell you that I guess they're bad.

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Speaker 2: That's a really good point, because you did see a

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Speaker 2: lot of comics for a long time, right, get a

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Speaker 2: series and then just move to television.

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Speaker 3: It's kind of not happening now, the touring that goes

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Speaker 3: on when you have a great special it's on TV,

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Speaker 3: you take that and you go on the road, and

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Speaker 3: that's your millions of dollars that these people, you know,

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Speaker 3: comedians are making on the road. When you're selling out

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Speaker 3: Beacon Theater's Carnegie Hall, when you're selling out the Garden,

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Speaker 3: this is this is like, this is big bucks, you know.

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Speaker 3: So it's it's a big, big business for a lot

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Speaker 3: of people that have really, you know, made it and

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Speaker 3: are able to tour around the country.

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Speaker 2: Can we talk about the business of coming And I

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Speaker 2: think about, you know, last December, your iconic club, right,

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Speaker 2: you did not renew your lease it's spot in Times Square.

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Speaker 3: How hard was that? You know? I wanted to stay,

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Speaker 3: and then there was a part of me which did

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Speaker 3: not want to stay because of the way. And I

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Speaker 3: don't want to put down Times Square because I went

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Speaker 3: there thirty years ago to build it up and I

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Speaker 3: was part of that, the renovation of Timescare and the

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Speaker 3: renewal of Times Square. So I'm not going to put

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Speaker 3: it down. But things were changing there the city was

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Speaker 3: changing there. I felt that after COVID, the whole seascape

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Speaker 3: there was changing. And I said, let me step back.

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Speaker 3: I own the brand. I want to take the brand.

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Speaker 3: I'm extending it through the festival, and then we have

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Speaker 3: other ideas where we're going with that.

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Speaker 1: Okay, give us some of those other ideas.

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Speaker 3: Yeah, well, you know, we're taking the Carolines brand and

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Speaker 3: you know, kind of producing content and putting it out

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Speaker 3: there and specials and everything else that we do with

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Speaker 3: comedy on a grander scale.

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Speaker 1: I mean, it really was the end of an era

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Speaker 1: for you not to renew your leaves there.

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Speaker 3: Well. Yeah, I was lived thirty years in.

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Speaker 1: Times Square, so I mean Tom Square changed a lot

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Speaker 1: in thirty years, and it changed a lot just in

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Speaker 1: a few years because of the pandemic. Talk to us

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Speaker 1: a little bit about the you know, what happened, and

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Speaker 1: the decision making process, and the external factor is there too, Okay.

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Speaker 3: So obviously I went to my landlord. I go, listen,

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Speaker 3: we need some relief here. You know, things have changed

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Speaker 3: a lot, so can you He goes, no, Actually, we

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Speaker 3: really want to raise the rent. So I said, oh,

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Speaker 3: but you know, there are so many repairs that have

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Speaker 3: to be done. I'm here for thirty years, you know,

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Speaker 3: air conditioning, electrical work, just things needed to be upgraded.

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Speaker 3: And he said, well that's just what the deal is.

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Speaker 3: And I tried very hard to stay there, and then

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Speaker 3: I just said, well, I'm out of hereing out this.

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Speaker 2: I'm done.

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Speaker 1: Did you have other things to do you? Did you

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Speaker 1: look for other physical spaces?

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Speaker 3: No, but I have to tell you that we had

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Speaker 3: so much press when we closed that so many real

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Speaker 3: estate developers called me. He said, I have spaces for

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Speaker 3: you and I will help you build it out.

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Speaker 2: So why didn't you do it?

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Speaker 3: Well, we're in the I'm in the process of taking

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Speaker 3: it all in and deciding what the next big move in.

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Speaker 3: It's not it'll be four walls, but it'll be something

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Speaker 3: very different.

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Speaker 1: What a great field that is pretty cool?

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Speaker 2: Right, So this is like it to be continued. You'll

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Speaker 2: come back in like two months, three months, four weeks. No,

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Speaker 2: but that's a really good thing, you know, because it's funny.

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Speaker 2: We we look even around our environment and the retail

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Speaker 2: tellers that aren't here anymore. And I remember one retailer

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Speaker 2: leaving and it was a pottery barn or Williamson nowman,

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Speaker 2: I said, why are you guys leaving? This is a

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Speaker 2: great location. They're like, no, it's really expensive for us

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Speaker 2: to be here, and we just can't afford it. And

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Speaker 2: I just think about, you know, whether it's businesses or

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Speaker 2: companies that have really been so much a part of

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Speaker 2: the NYC fabric and then all of a sudden they

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Speaker 2: just can't afford it.

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Speaker 3: Well, it's things crazy changed. Things have changed. You know,

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Speaker 3: we heard about Target closing, you know, so it's it's

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Speaker 3: it's it's it's bad. It's bad. But then again, everything's

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Speaker 3: kind of shifted online. Things have changed, you know, thank

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Speaker 3: god we still have bergdwarfs here.

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Speaker 2: Well, we changed, comes new opportunities and like you say,

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Speaker 2: there's probably things obviously you can't talk about. But you

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Speaker 2: know when things when they talk to you know, when

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Speaker 2: you get lemons and make lemonade, like you find new opportunities.

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Speaker 1: Caroline is on the show right now.

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Speaker 2: Can I ask you what what do you find funny today?

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Speaker 3: Are you?

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Speaker 1: Oh my god, oh my god?

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Speaker 2: We need after what do you find funny today?

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Speaker 3: You know what it is? You know what I find

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Speaker 3: funny is that it's almost the point when a joke

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Speaker 3: is it reaches the point where it is such a

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Speaker 3: great joke that it hits the point that it's almost

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Speaker 3: politically not correct. And those kind of shows I want

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Speaker 3: to talk about, Oh, those kind of jokes are brilliant

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Speaker 3: to get to that line, make your point, but not

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Speaker 3: go there.

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Speaker 2: Remember when we could say it's a joke people, So.

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Speaker 1: You can still say that.

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Speaker 2: No you can't.

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Speaker 3: It's tough.

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Speaker 1: Yeah, it doesn't matter if you know Netflix staff walk

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Speaker 1: out over, you know your your special, You're still selling

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Speaker 1: out arenas across the country. I'm talking abou Dave Schapelle here.

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Speaker 3: That's truth. Yeah.

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Speaker 2: Is it tough for comics today though.

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Speaker 3: I don't think so. I just think I just think

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Speaker 3: that they need to stay on a steady straight path.

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Speaker 3: And I think that they do realize that that things

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Speaker 3: could be offensive. And I think that, Look, I've seen

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Speaker 3: a lot of male comics change a lot of stuff.

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Speaker 3: What they used to say, they wouldn't say that. I mean,

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Speaker 3: they get strangled by every woman in the audience. But

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Speaker 3: things have changed like that, and I think people are,

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Speaker 3: you know, mindful of other people like that. Like we

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Speaker 3: were just talking before I walked in here, talking about

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Speaker 3: Don Rickles today. We said Oh my god, he couldn't

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Speaker 3: insult people like that today.

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Speaker 1: That's a good point.

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Speaker 3: It was a joke.

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Speaker 2: Don Michaels, d mart and all those guys like.

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Speaker 1: You think self censorship is real.

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Speaker 3: I think it. I think it is. I think it is.

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Speaker 3: But but to a good self censorship, not not anything

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Speaker 3: like I think it's good. But but it's that brilliant

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Speaker 3: joke that may cross the line but doesn't. And those

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Speaker 3: are the greatest.

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Speaker 2: You can still get away with stuff. Who can really

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Speaker 2: push it?

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Speaker 3: Are there certain well? Gave Dave Schapelle can, Ali Wan Can.

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Speaker 3: That's a woman that can can hit that mark of

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Speaker 3: not crossing the line, but cross on the.

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Speaker 1: Line where you're going, okay, go. I want to know

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Speaker 1: your opinion, Caroline, about the role of of comedy clubs today.

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Speaker 1: Given that there's YouTube, there's TikTok. They are all these

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Speaker 1: places where comedians, up and coming comedians can post their

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Speaker 1: content and build a following there.

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Speaker 3: That's a good thing. That's a good thing for clubs

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Speaker 3: because when they build the following, then they get booked

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Speaker 3: to do the club and they make really nice money

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Speaker 3: and everybody's happy because they sell out. So it's also

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Speaker 3: still that live experience. People still want it. They want

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Speaker 3: to go in that room with you and me and

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Speaker 3: all laugh together. That's what they want. That's the thing

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Speaker 3: about what makes a joke. It's that the community is

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Speaker 3: sitting there saying, oh God, that happened to me too,

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Speaker 3: and you laugh. So it's all part of that live experience.

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Speaker 3: And I'm seeing that with the festival as everything is.

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Speaker 3: You know, these everybody in the festival has a terrific

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Speaker 3: online following. I mean they millions of people. It's a

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Speaker 3: huge but they want to go out and see them.

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Speaker 3: The same thing that happened when years ago, when you

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Speaker 3: had that great HBO special that built you up so

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Speaker 3: that when you toured around you would sell out, right,

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Speaker 3: So that's all money in the bank for the performers.

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Speaker 2: The nineteenth annually a comedy festival this November. I'm giving

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Speaker 2: you a shameless plug. Hey, listen, take us back, because

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Speaker 2: you've been doing this a long time. Back in the

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Speaker 2: early eighties you began, I mean, Jay Leno, Jerry Seinfeld,

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Speaker 2: Pee Wee Herman, Billy Crystal, Robin Williams, Sandra Bernard, I know,

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Speaker 2: Chris Raight, I know it breaks our heart right like

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Speaker 2: these are people that were funny like no other and

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Speaker 2: changed I think the way we see comedy, enjoy comedy.

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Speaker 2: But in the early day, is everyone funny out of

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Speaker 2: the gate?

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Speaker 3: Well you see, you know, we were just talking about

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Speaker 3: Bill Maher, So you know, Bill started at my little

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Speaker 3: club on eighth Avenue. But of course you grow over

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Speaker 3: the years, Jerry Seinfeld, you grow over the years, Jay

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Speaker 3: Leno grow over the years. But Jay has always still

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Speaker 3: been this menshi guy.

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Speaker 1: What ja tours like? Ford is a week now probably.

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Speaker 3: Every weekend, yeah, doing something, you know. And so Jerry Seidfeld,

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Speaker 3: he was every weekend. He's probably somewhere doing two or

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Speaker 3: three shit. I was back home again during the week.

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Speaker 3: And that's really his life because he loves what he's doing.

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Speaker 2: What do you remember from these guys in the early days.

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Speaker 3: You know, we were all so new to it. It

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Speaker 3: was like, you know, when I opened Carolines, it was

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Speaker 3: like the first headliner club in New York City. It

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Speaker 3: was like a yuppie that word yuppie. We're going back

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Speaker 3: to the eighties yuppie nightclub that opened up. And it

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Speaker 3: was the day. It was when David Letterman was at

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Speaker 3: twelve thirty at night. Jay Leno would be at my

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Speaker 3: club and he'd say like, oh, I'm appearing at Carolines.

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Speaker 3: It gave us this national play around the country that

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Speaker 3: kind of set up the club. And I remember, you know,

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Speaker 3: Paul Rubens Peewee Harmon bringing him to New York. I

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Speaker 3: have such fond memories of him. And you know, I

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Speaker 3: didn't up until he was texting me on my birthday,

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Speaker 3: sending me birthday videos up until the end saying listen,

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Speaker 3: we need to FaceTime soon. Are you coming to LA.

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Speaker 3: I'm not coming to New York. Didn't tell me he

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Speaker 3: wasn't feeling well because I would. We would always, like

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Speaker 3: you know, text each other back and forth. And I

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Speaker 3: had no idea it was sick. But he brought a

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Speaker 3: show to New York. In New York, can they conceived

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Speaker 3: Pee Wee's Big Adventure. He was going to ride his

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Speaker 3: bike from LA to New York City with this unknown

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Speaker 3: director at that time, Tim Burton Khunew. But you know,

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Speaker 3: that's that's what Paul had. He had that creative part

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Speaker 3: of him. Those comedians that I worked with from the

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Speaker 3: beginning all went on. Look at Jerry and Larry David

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Speaker 3: Show Seinfeld, Oh my god, Earth shattering. You know, we

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Speaker 3: still say we're just talking about it last night. I

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Speaker 3: still turn it on and see an episode I haven't.

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Speaker 1: Seen right references to Seinfeld. I've seen them all. I

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Speaker 1: gotta tell you. Okay, so we only have a minute left, Caroline,

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Speaker 1: But comedians who have made it love to say that

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Speaker 1: in order for comedian to make it, you've got a bomb.

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Speaker 1: Give us some stories of some prominent bombs that you've

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Speaker 1: witnessed in your bat.

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Speaker 3: How about Larry David and he would say, oh, it's

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Speaker 3: the audience, they're just terrible, and he didn't do that

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Speaker 3: well or twice he did that all over.

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Speaker 1: I can see that. I can see the curvy saying

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Speaker 1: that they're terrible.

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Speaker 3: They're terrible. They bomb.

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Speaker 2: I gotta say. And what you've done for women comedians

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Speaker 2: right when they were just so far in few and

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Speaker 2: just to see everyone out there today, it's incredible.

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Speaker 3: You are incredible. Come back anytime. Let us know the news.

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Speaker 2: If you land somewhere, okay, you can share it with us,

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Speaker 2: and good luck again. Remind us when the festival.

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Speaker 3: Is November third to the twelfths, go to New York

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Speaker 3: Comedy Festival dot com and you would be amazed to

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Speaker 3: see how many shows are listed there to go see

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Speaker 3: and have a great time. Thank you so much, Good luck,

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Speaker 3: be well you.

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Speaker 2: Caroline Hursh, founder of Caroline's of Course on Broadway. Here

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Speaker 2: in our Bloomberg Interactive Broker Studio, Carol Masser, Tim Stanevek.

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Speaker 2: We're not funny, but she is. Andina, this is Bluemberg.