1 00:00:08,720 --> 00:00:13,240 Speaker 1: Welcome to another episode of Strictly Business Varieties podcast featuring 2 00:00:13,280 --> 00:00:17,720 Speaker 1: conversations with industry leaders about the business of media and entertainment. 3 00:00:17,760 --> 00:00:21,200 Speaker 1: I'm Todd Spangler with Variety Today. Our guest is Aaron 4 00:00:21,320 --> 00:00:25,120 Speaker 1: Levitt's general manager of what Pad Studios. Bought Pad launched 5 00:00:25,120 --> 00:00:27,800 Speaker 1: in two thousand seven with a simple vision to create 6 00:00:27,840 --> 00:00:31,000 Speaker 1: a community where people could publish their own stories and 7 00:00:31,080 --> 00:00:33,640 Speaker 1: let other people read that. Today, it has more than 8 00:00:33,720 --> 00:00:38,000 Speaker 1: eighty million monthly users with just under one billion uploads 9 00:00:38,000 --> 00:00:41,640 Speaker 1: to the platform. In The Toronto based company formed bot 10 00:00:41,680 --> 00:00:44,960 Speaker 1: Pad Studios as a way to identify and develop the 11 00:00:45,000 --> 00:00:49,239 Speaker 1: most popular stories for film, TV books. Some of the 12 00:00:49,280 --> 00:00:52,120 Speaker 1: stories that were first shared on what Pad include The 13 00:00:52,200 --> 00:00:55,240 Speaker 1: Kissing Booth, which has become a movie franchise on Netflix, 14 00:00:55,600 --> 00:00:58,560 Speaker 1: Light Is a Feather, which became a Boudo series, and 15 00:00:58,640 --> 00:01:02,959 Speaker 1: the viral hit After by Anatodd, a young adult romance 16 00:01:03,240 --> 00:01:06,840 Speaker 1: that originally featured characters based on members of One Direction, 17 00:01:07,080 --> 00:01:10,920 Speaker 1: which became a book series and in twenty nine hit 18 00:01:11,000 --> 00:01:18,160 Speaker 1: indie movie. Thank you for joining me today, Aaron, Thanks 19 00:01:18,160 --> 00:01:21,720 Speaker 1: for having me. Really appreciate it. So let's start give 20 00:01:21,800 --> 00:01:26,160 Speaker 1: us a snapshot about what's what pet Studios is all 21 00:01:26,200 --> 00:01:29,640 Speaker 1: about for sure. I mean you talked about the eighty 22 00:01:29,640 --> 00:01:32,400 Speaker 1: million users we have coming to the platform every month, 23 00:01:32,600 --> 00:01:38,360 Speaker 1: and they're finding stories they love, uh in every genre imaginable, 24 00:01:38,400 --> 00:01:43,160 Speaker 1: from romance to science fiction, fantasy to horror, and sub 25 00:01:43,280 --> 00:01:47,600 Speaker 1: genres that we haven't even thought of yet. And audiences 26 00:01:47,920 --> 00:01:51,360 Speaker 1: exceptionally powerful in this moment of entertainment destruction that we're seeing, 27 00:01:51,800 --> 00:01:53,640 Speaker 1: you know, day after day in the headlines as the 28 00:01:53,680 --> 00:01:58,840 Speaker 1: industry change, and we feel if we listen to audiences 29 00:02:00,000 --> 00:02:01,800 Speaker 1: at we have a better chance of success. You know 30 00:02:01,920 --> 00:02:04,960 Speaker 1: you spoke about after being a viral hit. I mean 31 00:02:05,000 --> 00:02:09,359 Speaker 1: we just opened UH this week. Actually in Europe, we're 32 00:02:09,400 --> 00:02:13,640 Speaker 1: basically the number one, number two movie across the continent, uh, 33 00:02:13,800 --> 00:02:16,640 Speaker 1: beating New Mutants out pretty handily and Intendant in a 34 00:02:16,639 --> 00:02:19,960 Speaker 1: lot of places. So that just shows the power that 35 00:02:20,000 --> 00:02:22,760 Speaker 1: audience has and what PAD Studios is built on something 36 00:02:22,840 --> 00:02:25,720 Speaker 1: very simple that if we listen to audience and look 37 00:02:25,720 --> 00:02:28,400 Speaker 1: at the data behind what they love, why they love it, 38 00:02:28,440 --> 00:02:34,200 Speaker 1: and really understand what drew them to that story, that franchise, 39 00:02:34,240 --> 00:02:37,480 Speaker 1: that series, UM, we have a better chance of success 40 00:02:37,480 --> 00:02:41,399 Speaker 1: in the industry as we adapt those stories, UM, and 41 00:02:41,440 --> 00:02:45,320 Speaker 1: that audiences will travel from our platform to box offices 42 00:02:45,400 --> 00:02:48,959 Speaker 1: like they showed with after the streaming platforms to TV 43 00:02:49,360 --> 00:02:53,919 Speaker 1: and um, it's that simple notion that audiences will really 44 00:02:54,040 --> 00:02:56,000 Speaker 1: drive the future of a lot of entertainment that what 45 00:02:56,160 --> 00:02:59,600 Speaker 1: Pad Studios is born up. Okay and um. So the 46 00:02:59,680 --> 00:03:02,440 Speaker 1: story about the genesis of what Pad Studios is that 47 00:03:03,320 --> 00:03:07,200 Speaker 1: you sat down with your CEO, Alan Law, and you said, hey, 48 00:03:07,240 --> 00:03:10,960 Speaker 1: look at this data. Our story and I think it 49 00:03:11,000 --> 00:03:14,600 Speaker 1: was after um was the story you're referring to. It 50 00:03:14,760 --> 00:03:22,040 Speaker 1: had basically like half half the engagement that YouTube had 51 00:03:22,080 --> 00:03:26,480 Speaker 1: on One direct the one Direction page on YouTube. UM. 52 00:03:26,560 --> 00:03:28,560 Speaker 1: And that was like the aha moment for you. I mean, 53 00:03:28,639 --> 00:03:31,079 Speaker 1: is that is the really how it happened? Yeah? I 54 00:03:31,120 --> 00:03:33,560 Speaker 1: know that actually really is how it happened. Um. I 55 00:03:33,600 --> 00:03:37,600 Speaker 1: was sitting with Alan uh in a dark corner of 56 00:03:37,600 --> 00:03:39,960 Speaker 1: a cafe, and you know, Alan and I had known 57 00:03:40,000 --> 00:03:41,680 Speaker 1: each other for a little bit, and he started showing 58 00:03:41,680 --> 00:03:43,280 Speaker 1: me some of the things going on in what Pad 59 00:03:43,960 --> 00:03:47,320 Speaker 1: and you know, he showed me this one story. It 60 00:03:47,480 --> 00:03:49,480 Speaker 1: was it was one. It was about one direction. It 61 00:03:49,560 --> 00:03:51,720 Speaker 1: was this one story. And I did some math in 62 00:03:51,760 --> 00:03:54,040 Speaker 1: my head and I pulled up a video that One 63 00:03:54,080 --> 00:03:56,440 Speaker 1: Direction I released about three or four weeks earlier and 64 00:03:56,440 --> 00:03:59,440 Speaker 1: I said your site, and you know this is seven 65 00:03:59,680 --> 00:04:01,960 Speaker 1: eight years ago almost, so you know, we were not 66 00:04:02,000 --> 00:04:06,080 Speaker 1: at the eighty million users we had today. Uh. And 67 00:04:06,120 --> 00:04:09,240 Speaker 1: this one site that most people in the world don't 68 00:04:09,240 --> 00:04:13,280 Speaker 1: know has about half the engagement as the biggest one 69 00:04:13,280 --> 00:04:18,000 Speaker 1: direction YouTube video. Right now, this is more than reading 70 00:04:18,040 --> 00:04:22,599 Speaker 1: and writing. This is entertainment and emotion. And this needs 71 00:04:22,720 --> 00:04:26,960 Speaker 1: to have stories adapted into other formats, whether it is film, TV, 72 00:04:27,160 --> 00:04:30,360 Speaker 1: digital gaming. You know, we we have our own publishing 73 00:04:30,400 --> 00:04:32,440 Speaker 1: division called what Pad Books or we're taking those stories 74 00:04:32,440 --> 00:04:35,440 Speaker 1: and editing them and publishing, putting on lawn shelves, and 75 00:04:35,880 --> 00:04:39,680 Speaker 1: that this community is rabid for this kind of content. Um, 76 00:04:39,720 --> 00:04:41,920 Speaker 1: and you know, to this day, that's what we're doing. 77 00:04:41,960 --> 00:04:44,520 Speaker 1: We're looking at the best stories on what Pad and 78 00:04:44,600 --> 00:04:47,000 Speaker 1: seeing that adapted and seeing success in markets all over 79 00:04:47,040 --> 00:04:49,720 Speaker 1: the world, you know, from l A Tot Singapore. Uh. 80 00:04:50,320 --> 00:04:53,279 Speaker 1: We're developing you know, fifty plus projects right now with 81 00:04:53,360 --> 00:04:56,480 Speaker 1: that same idea in mind that fans are gonna follow 82 00:04:56,480 --> 00:04:59,960 Speaker 1: what they love. So you work with a variety of 83 00:05:00,000 --> 00:05:04,560 Speaker 1: different studios and production companies on various projects in various 84 00:05:04,560 --> 00:05:09,359 Speaker 1: stages of development. Right You've worked with Universal content productions. 85 00:05:09,360 --> 00:05:12,240 Speaker 1: I think the one, um, just to name a couple, 86 00:05:13,680 --> 00:05:15,760 Speaker 1: what what do you bring to the table? And why 87 00:05:15,760 --> 00:05:18,920 Speaker 1: couldn't they just go on to wat pad and find 88 00:05:19,440 --> 00:05:25,600 Speaker 1: a hot story and do do what the whole petway? Um, 89 00:05:25,880 --> 00:05:29,719 Speaker 1: we've amasked you know, dozen dozen plus partnerships around the world, 90 00:05:29,760 --> 00:05:31,920 Speaker 1: like you said, you know, and we're developing I think 91 00:05:31,920 --> 00:05:36,760 Speaker 1: a ten or eleven languages right now, UM with those 92 00:05:36,800 --> 00:05:39,880 Speaker 1: partners and they come to us for really simple reason 93 00:05:40,560 --> 00:05:43,719 Speaker 1: you know you mentioned it. There are billion plus uploads 94 00:05:43,720 --> 00:05:46,640 Speaker 1: on the platform. Uh, it is daunting if you just 95 00:05:46,680 --> 00:05:49,640 Speaker 1: go on by yourself and hope you find a big 96 00:05:49,680 --> 00:05:52,200 Speaker 1: story and look, you'll find one, but you actually don't 97 00:05:52,200 --> 00:05:56,200 Speaker 1: know is that story big because the audience finished the 98 00:05:56,200 --> 00:05:58,720 Speaker 1: story a million times? Or did a million people read 99 00:05:58,760 --> 00:06:01,200 Speaker 1: the first chapter with a big five years ago? Or 100 00:06:01,200 --> 00:06:04,600 Speaker 1: is it big today? How does that sit in? The 101 00:06:04,680 --> 00:06:08,919 Speaker 1: overall side? Is what's going on on what Pad? And 102 00:06:09,240 --> 00:06:11,960 Speaker 1: it's our access to understand not only the data itself, 103 00:06:12,120 --> 00:06:15,839 Speaker 1: you know, but understanding story. And we use a program 104 00:06:15,839 --> 00:06:18,640 Speaker 1: called story DNA that we've developed in house to kind 105 00:06:18,640 --> 00:06:22,080 Speaker 1: of it's our words for understanding the story through data. 106 00:06:22,200 --> 00:06:25,520 Speaker 1: And it is about the biggest sometimes but it's also 107 00:06:25,560 --> 00:06:28,760 Speaker 1: about using machine learning to understand contextually why that story 108 00:06:28,800 --> 00:06:30,680 Speaker 1: is important, looking at the emotional ups and downs in 109 00:06:30,720 --> 00:06:35,960 Speaker 1: that story, understanding subtexts through commenting. UM. It's really this 110 00:06:36,600 --> 00:06:39,840 Speaker 1: beautiful mix of art and science that my team uses 111 00:06:40,720 --> 00:06:44,719 Speaker 1: UM to fully understand why stories fit in an ethos 112 00:06:44,760 --> 00:06:47,120 Speaker 1: of entertainment around the world, and then finding the right 113 00:06:47,160 --> 00:06:51,240 Speaker 1: partners to bring them there. So well, I was just 114 00:06:51,279 --> 00:06:54,040 Speaker 1: gonna ask it. It's not just a matter of looking 115 00:06:54,080 --> 00:06:57,960 Speaker 1: at the raw number of reads or the total time spent, 116 00:06:58,400 --> 00:07:01,159 Speaker 1: because that's that's only one layer of the endion I 117 00:07:01,200 --> 00:07:04,800 Speaker 1: guess exactly. And you know, reads is you know what 118 00:07:04,880 --> 00:07:06,719 Speaker 1: everyone sees when they come on the website. I mean, 119 00:07:06,760 --> 00:07:10,160 Speaker 1: I guess it's equivalent to a view on a streaming site. UM, 120 00:07:10,680 --> 00:07:13,280 Speaker 1: but that's actually novel. We used to be predictive. And 121 00:07:13,320 --> 00:07:17,560 Speaker 1: then the temporal aspect of how how quickly when did 122 00:07:17,560 --> 00:07:20,320 Speaker 1: those reads happen, and the engagement time, which is really 123 00:07:20,320 --> 00:07:21,640 Speaker 1: what we got down to that you mentioned. You know, 124 00:07:21,640 --> 00:07:23,440 Speaker 1: we want to know how much time people spent reading 125 00:07:23,440 --> 00:07:26,600 Speaker 1: the story, not if they you know, read one chapter 126 00:07:26,680 --> 00:07:31,600 Speaker 1: and bounced out. UM. So at the end of the day, 127 00:07:31,600 --> 00:07:34,800 Speaker 1: it's that almost x three vision we have of why 128 00:07:34,840 --> 00:07:37,720 Speaker 1: these stories are important to fans that our partners kind 129 00:07:37,760 --> 00:07:41,000 Speaker 1: of thrive around and really continue to come to us for. 130 00:07:41,400 --> 00:07:44,200 Speaker 1: So it is so much more than just understanding. You know, 131 00:07:44,240 --> 00:07:47,440 Speaker 1: we would never send a partner just a spreadsheet with 132 00:07:47,480 --> 00:07:50,080 Speaker 1: some numbers and say there you go, have fun. I 133 00:07:50,080 --> 00:07:52,400 Speaker 1: hope you're going to excel. You know, we're really using 134 00:07:52,400 --> 00:07:54,720 Speaker 1: a content strategy to understand those stories and be able 135 00:07:54,760 --> 00:07:57,560 Speaker 1: to speak and entertainment language back and forth with our partners. 136 00:07:57,600 --> 00:08:00,200 Speaker 1: So what the studio is looking for and matching at 137 00:08:00,240 --> 00:08:04,720 Speaker 1: up with what the data shows you, yeah, and sometimes 138 00:08:04,720 --> 00:08:06,840 Speaker 1: teaching them things that they didn't know about. You know, 139 00:08:06,920 --> 00:08:09,080 Speaker 1: we we we talked about the micro and the macro 140 00:08:09,160 --> 00:08:11,640 Speaker 1: a lot at what had the micro being I can 141 00:08:11,720 --> 00:08:13,760 Speaker 1: use data to find a big story like that's easy. 142 00:08:13,800 --> 00:08:16,040 Speaker 1: I can find tell you the biggest story on our platform, 143 00:08:16,080 --> 00:08:19,080 Speaker 1: you know, something like you know, She's with me, which 144 00:08:19,120 --> 00:08:22,440 Speaker 1: is which is just a massive story on the platform. Um. 145 00:08:22,480 --> 00:08:24,760 Speaker 1: But then we get to see kind of the macro, 146 00:08:24,840 --> 00:08:27,480 Speaker 1: which is the global trends that are either trends or 147 00:08:27,520 --> 00:08:30,120 Speaker 1: movements that we're seeing by audiences around the world that 148 00:08:30,160 --> 00:08:33,640 Speaker 1: can point something that is kind of bubbled under the surface. 149 00:08:33,720 --> 00:08:37,880 Speaker 1: So you know, a moment where um, we're seeing women 150 00:08:37,920 --> 00:08:44,080 Speaker 1: empowerment across the world as being such a huge movement. Um, 151 00:08:44,120 --> 00:08:48,480 Speaker 1: we see things like kick gas women lead action stories 152 00:08:48,920 --> 00:08:52,079 Speaker 1: rising to the top, you know, things around like street 153 00:08:52,120 --> 00:08:55,720 Speaker 1: fighters and just action throws in general, and we find 154 00:08:55,720 --> 00:08:59,000 Speaker 1: a story called perfect addiction from that UM that is 155 00:08:59,160 --> 00:09:02,600 Speaker 1: in itself man of uh. And so it's not always 156 00:09:02,640 --> 00:09:05,320 Speaker 1: just about looking at you know, oh this story is 157 00:09:05,360 --> 00:09:07,600 Speaker 1: really big, but it's often looking at the trends and 158 00:09:07,600 --> 00:09:11,480 Speaker 1: how that fits into a global uh subconscious entertainment really 159 00:09:11,920 --> 00:09:14,800 Speaker 1: and helping studios see things that they may have missed 160 00:09:14,800 --> 00:09:18,560 Speaker 1: all together. Now, are there are particular genres that pop 161 00:09:18,760 --> 00:09:21,560 Speaker 1: on what pad? I mean, I seem to have a 162 00:09:21,559 --> 00:09:24,839 Speaker 1: lot of built stuff, maybe some fantasy sci fi. I 163 00:09:24,880 --> 00:09:29,840 Speaker 1: mean this is you know, uh, genres that are maybe 164 00:09:30,160 --> 00:09:33,800 Speaker 1: um endemic to you know kind of kind of user 165 00:09:33,880 --> 00:09:39,040 Speaker 1: generated fiction, right or does it span the gamut from 166 00:09:39,080 --> 00:09:42,199 Speaker 1: from everything from romance to horror and and in between. 167 00:09:43,000 --> 00:09:45,679 Speaker 1: I mean it really does span the gamut. Um. You know, 168 00:09:45,760 --> 00:09:49,400 Speaker 1: we have four million plus writers on the platform. UM. 169 00:09:49,440 --> 00:09:51,720 Speaker 1: And while some are drawn to romance and some are 170 00:09:51,800 --> 00:09:55,920 Speaker 1: drawn to horror, some are drawn to writing elevated drama. Um, 171 00:09:56,120 --> 00:09:58,360 Speaker 1: there really is a story for everyone on what Pad, 172 00:09:58,520 --> 00:10:01,120 Speaker 1: and once you find it, we're gonna hope that you 173 00:10:01,160 --> 00:10:04,360 Speaker 1: find more of that. Um. I think our job on 174 00:10:04,400 --> 00:10:08,600 Speaker 1: the studio is to understand why certain genres are popping 175 00:10:08,600 --> 00:10:10,640 Speaker 1: in any gift in time. You know, why is there 176 00:10:10,640 --> 00:10:13,120 Speaker 1: a sudden spike in fantasy? Is it driven because there's 177 00:10:13,760 --> 00:10:17,560 Speaker 1: one big story, you know, something phenomenal like Given, which 178 00:10:17,600 --> 00:10:19,400 Speaker 1: is a book we released earlier this year, or is 179 00:10:19,440 --> 00:10:22,480 Speaker 1: it being driven by an overall general interest rise in fantasy? 180 00:10:22,840 --> 00:10:25,040 Speaker 1: You know, we obviously have genres that are bigger. You know, 181 00:10:25,880 --> 00:10:31,640 Speaker 1: romance is the largest entertainment and publishing genre in the world. Um, 182 00:10:31,679 --> 00:10:33,680 Speaker 1: so you know that's going to be huge on our platform. 183 00:10:34,040 --> 00:10:35,840 Speaker 1: But just because a horror stories as big as our 184 00:10:35,840 --> 00:10:37,720 Speaker 1: biggest romance story doesn't mean we don't have the biggest 185 00:10:37,760 --> 00:10:40,160 Speaker 1: horror writing community in the world as well. So we 186 00:10:40,320 --> 00:10:43,080 Speaker 1: really and you spoke about our partners, it is about 187 00:10:43,160 --> 00:10:45,640 Speaker 1: understanding what they're most interested in, you know, what gets 188 00:10:45,640 --> 00:10:47,200 Speaker 1: them out of beout in the morning to invest in 189 00:10:47,240 --> 00:10:49,400 Speaker 1: projects for you know, three to seven years as we 190 00:10:49,440 --> 00:10:52,400 Speaker 1: get them to screen and make sure that we're finding 191 00:10:52,480 --> 00:10:54,480 Speaker 1: them the best of that so if you want the 192 00:10:54,520 --> 00:10:58,080 Speaker 1: best horror, maybe we find the Hound, which is, you know, 193 00:10:58,160 --> 00:11:00,320 Speaker 1: something we announce a little earlier this year, which is 194 00:11:00,440 --> 00:11:07,040 Speaker 1: a phenomenal horror story LGBTQ plus uh driven story. Um, 195 00:11:07,559 --> 00:11:09,439 Speaker 1: that wasn't necessarily the biggest, but it's just like a 196 00:11:09,600 --> 00:11:13,439 Speaker 1: really amazing story we're gonna tell on screen. Okay, So 197 00:11:13,600 --> 00:11:17,679 Speaker 1: the you mentioned she's with me, that's uh, that's the 198 00:11:17,920 --> 00:11:21,959 Speaker 1: that's a big that's a big thing. Jessica Consolo is 199 00:11:22,080 --> 00:11:26,439 Speaker 1: the yes. Yea. So when you take a look at that, 200 00:11:26,559 --> 00:11:29,000 Speaker 1: I mean, um, what are the prospects for that? What's 201 00:11:29,040 --> 00:11:32,920 Speaker 1: the process by which you either approach the writer um, 202 00:11:33,440 --> 00:11:36,680 Speaker 1: or you know, start to start to move this forward 203 00:11:36,720 --> 00:11:40,959 Speaker 1: as a potential bigger project. Yeah, for sure. So that's 204 00:11:41,040 --> 00:11:44,760 Speaker 1: that's uh, A really great thing to kind of talk about. 205 00:11:44,800 --> 00:11:47,320 Speaker 1: I think differentiates us a little bit is in work 206 00:11:47,400 --> 00:11:50,160 Speaker 1: with our writers to begin with. UM, so I have 207 00:11:50,480 --> 00:11:54,880 Speaker 1: a management team on my studio that is out there 208 00:11:54,920 --> 00:11:57,360 Speaker 1: working with our writers directly. I mean you have to 209 00:11:57,400 --> 00:11:59,720 Speaker 1: imagine a lot of our writers didn't mean to become 210 00:11:59,760 --> 00:12:02,760 Speaker 1: someone most influential authors in the world. They had an 211 00:12:02,800 --> 00:12:06,559 Speaker 1: idea for first chapter and built this phenomenal fandom um, 212 00:12:07,200 --> 00:12:10,559 Speaker 1: and so we really have to educate them of what 213 00:12:10,679 --> 00:12:12,800 Speaker 1: it means to go to the next step if you 214 00:12:12,880 --> 00:12:16,320 Speaker 1: want to go into the business of entertainment, the business 215 00:12:16,360 --> 00:12:18,680 Speaker 1: of publishing, what it means to grow your story further. 216 00:12:19,080 --> 00:12:21,079 Speaker 1: So we always start by engaging that writer right and 217 00:12:21,320 --> 00:12:23,439 Speaker 1: making sure that this is something they're interested in. You know, 218 00:12:23,520 --> 00:12:27,199 Speaker 1: it's it's never uh, there's never a case where we 219 00:12:27,320 --> 00:12:30,120 Speaker 1: just take the writer your story and say, okay, we're off, 220 00:12:30,160 --> 00:12:32,920 Speaker 1: we'll see you later. Where we do deals with them, 221 00:12:33,040 --> 00:12:37,800 Speaker 1: there's there's opt in by them, um. And once we 222 00:12:37,960 --> 00:12:41,760 Speaker 1: figure out, you know, what motivates them, what interests them, 223 00:12:41,800 --> 00:12:43,679 Speaker 1: what the most important parts of the story are to them, 224 00:12:43,720 --> 00:12:45,480 Speaker 1: and what the most important parts of the story is 225 00:12:45,520 --> 00:12:49,400 Speaker 1: to their audience. Because you know, while our writers aren't 226 00:12:49,400 --> 00:12:51,520 Speaker 1: looking at the ones and zeros often that we are 227 00:12:51,600 --> 00:12:53,839 Speaker 1: from the data standpoint, they definitely know the moment that 228 00:12:53,920 --> 00:12:57,400 Speaker 1: their audience went out of control with engagement. They know 229 00:12:57,559 --> 00:13:01,120 Speaker 1: the moment they posted a chapter and their Twitter feed broke. So, 230 00:13:01,840 --> 00:13:04,160 Speaker 1: you know, we talked to them to understand their story better, 231 00:13:04,200 --> 00:13:06,520 Speaker 1: and then we start figuring out, you know, where it fits, 232 00:13:06,760 --> 00:13:08,959 Speaker 1: what what does it mean. You know, we read a 233 00:13:09,000 --> 00:13:11,280 Speaker 1: story and say there's nice three access as a film. 234 00:13:11,440 --> 00:13:14,880 Speaker 1: She's with Me is definitely series worthy and you know 235 00:13:14,920 --> 00:13:17,079 Speaker 1: we set it up with Sony TV is one of 236 00:13:17,120 --> 00:13:19,520 Speaker 1: our partners right now. Um, and you know the book 237 00:13:19,559 --> 00:13:22,679 Speaker 1: came out uh last fall, and the second in the 238 00:13:22,720 --> 00:13:24,719 Speaker 1: series is coming out right now through Pad Books, and 239 00:13:24,760 --> 00:13:27,000 Speaker 1: it's it's been a great success for both us and Jessica. 240 00:13:27,000 --> 00:13:30,240 Speaker 1: And it is about not just understanding what the fans 241 00:13:30,320 --> 00:13:31,640 Speaker 1: liked about it, but being able to go to the 242 00:13:31,679 --> 00:13:34,719 Speaker 1: fans again and saying, hey, this book's on the shelf. Uh, 243 00:13:35,440 --> 00:13:38,360 Speaker 1: go buy the book. Support your authors or your favorite authors. 244 00:13:38,400 --> 00:13:40,760 Speaker 1: And they're they're doing it in drugs. Yeah, so it 245 00:13:40,800 --> 00:13:44,560 Speaker 1: should be this virtuous circle. We and that's what we're seeing. 246 00:13:44,600 --> 00:13:48,079 Speaker 1: You know, it's really, to use a really terrible buzzword, 247 00:13:48,559 --> 00:13:50,360 Speaker 1: it's a great ecosystem that we get to create for 248 00:13:50,679 --> 00:13:53,959 Speaker 1: for authors careers, for writer's careers. Now, to what extent, 249 00:13:54,040 --> 00:13:57,480 Speaker 1: I'm curious do you see people coming to what Pad 250 00:13:58,000 --> 00:14:02,079 Speaker 1: and I don't know there essentially you know, writing with 251 00:14:02,200 --> 00:14:05,199 Speaker 1: an eye toward a screenplay or something like that. I mean, 252 00:14:06,640 --> 00:14:10,160 Speaker 1: is there any sort of that dynamic going on where, um, 253 00:14:12,080 --> 00:14:16,400 Speaker 1: you know, someone has their eye on becoming a published 254 00:14:16,440 --> 00:14:20,040 Speaker 1: author turning it into a movie or book, uh, movie 255 00:14:20,120 --> 00:14:22,760 Speaker 1: or a TV show. Yeah. I think I think we're 256 00:14:22,760 --> 00:14:24,880 Speaker 1: starting to see that more and more. And not only that, 257 00:14:25,040 --> 00:14:27,800 Speaker 1: you know, we've found very accomplished screenwriters who have who 258 00:14:27,880 --> 00:14:36,280 Speaker 1: have been writing under pseudonyms and uh plumb like new 259 00:14:36,400 --> 00:14:39,000 Speaker 1: names that they want to write under on the platform. Yeah. 260 00:14:39,480 --> 00:14:41,840 Speaker 1: And you know, I think four or five years ago, 261 00:14:42,400 --> 00:14:44,400 Speaker 1: you know, you would have started hearing about after we 262 00:14:44,440 --> 00:14:46,680 Speaker 1: actually had some success of one of the most popular 263 00:14:47,960 --> 00:14:50,320 Speaker 1: y A shows in the Philippines for six seasons, actually 264 00:14:50,360 --> 00:14:52,960 Speaker 1: called What Bad Presents, um, And so you started seeing 265 00:14:52,960 --> 00:14:54,720 Speaker 1: people from around the world taking notice, go, oh, maybe 266 00:14:54,800 --> 00:14:56,240 Speaker 1: this is a path. But I think today with the 267 00:14:56,320 --> 00:15:00,240 Speaker 1: success we've had you know through what Pad books uh, 268 00:15:00,720 --> 00:15:03,040 Speaker 1: and previously in working with you know, publishers around the world, 269 00:15:03,120 --> 00:15:05,880 Speaker 1: we published hundreds of books now in different countries around 270 00:15:05,880 --> 00:15:10,560 Speaker 1: the world. Um, with the success of things like After Kissing, 271 00:15:10,600 --> 00:15:14,240 Speaker 1: Booth Light is a Feather, you know, our success in 272 00:15:14,360 --> 00:15:17,680 Speaker 1: Southeast Asia, announcements like in our first show Coming and 273 00:15:17,760 --> 00:15:20,640 Speaker 1: Slow Dancing in Singapore, I think more and more we 274 00:15:20,720 --> 00:15:23,200 Speaker 1: are seeing writers who are saying, Okay, well, this is 275 00:15:23,240 --> 00:15:26,480 Speaker 1: another outlet in a world that's so gate kept. The 276 00:15:26,600 --> 00:15:28,600 Speaker 1: chance to create your own success by building your own 277 00:15:28,640 --> 00:15:31,680 Speaker 1: community and having an audience stand behind you is now 278 00:15:31,800 --> 00:15:35,280 Speaker 1: much more powerful than just throwing your screenplayer, your idea 279 00:15:35,400 --> 00:15:37,400 Speaker 1: to an agent, hoping it gets on someone's desk at 280 00:15:37,440 --> 00:15:41,440 Speaker 1: a studio. And I think that's what really sets what 281 00:15:41,560 --> 00:15:44,360 Speaker 1: we're seeing the storytelling a lot, how to part, It's 282 00:15:44,400 --> 00:15:46,920 Speaker 1: being told by people who don't see their story on screens, 283 00:15:47,000 --> 00:15:49,200 Speaker 1: that don't see it on shelves. There's no one telling 284 00:15:49,240 --> 00:15:50,800 Speaker 1: them not to write that because it won't make a 285 00:15:50,840 --> 00:15:53,240 Speaker 1: good movie or won't make a good TV show. And 286 00:15:54,640 --> 00:15:57,400 Speaker 1: it's that ability to write where your imagination takesue that 287 00:15:58,160 --> 00:16:02,440 Speaker 1: really is building these beautiful stories that you know you 288 00:16:02,560 --> 00:16:04,760 Speaker 1: just aren't seeing anywhere else. And that's where the art 289 00:16:04,800 --> 00:16:11,080 Speaker 1: and science comes together. It's beautiful, emotional capturing stories and 290 00:16:11,200 --> 00:16:16,480 Speaker 1: the audience back. Uh. So you're saying Hollywood screenwriters are 291 00:16:16,960 --> 00:16:21,960 Speaker 1: anonymously posting stuff on on what pend, Um, Well, it's 292 00:16:21,960 --> 00:16:30,160 Speaker 1: anonymous head you know who they are. Uh, I've come 293 00:16:30,240 --> 00:16:32,240 Speaker 1: forward and when we know to let us know. Um, 294 00:16:32,400 --> 00:16:35,560 Speaker 1: we definitely can't tell who they are if they don't 295 00:16:35,600 --> 00:16:38,040 Speaker 1: do that, but you know through the grape vine, and 296 00:16:38,160 --> 00:16:40,360 Speaker 1: you know my my great team in in l A. 297 00:16:40,440 --> 00:16:42,400 Speaker 1: We've heard many a story of people coming on the 298 00:16:42,440 --> 00:16:44,920 Speaker 1: platform and writing that novel they always want to write, 299 00:16:45,040 --> 00:16:47,000 Speaker 1: or taking a screenplay and turning into a short story 300 00:16:47,160 --> 00:16:52,440 Speaker 1: that uh will kind of help there get that screenplaymate. Yeah, 301 00:16:52,560 --> 00:16:55,680 Speaker 1: and this is happening. Um. I think you've talked about 302 00:16:55,720 --> 00:16:59,480 Speaker 1: this earlier about uh, you know, productions have shut down 303 00:17:00,040 --> 00:17:03,800 Speaker 1: if the coronavirus and so you know, here's a way 304 00:17:03,880 --> 00:17:07,359 Speaker 1: to to sort of flex your creative muscle. I mean, 305 00:17:08,040 --> 00:17:12,800 Speaker 1: I guess you welcome them to the platform. Yeah, absolutely, Yeah, 306 00:17:12,840 --> 00:17:15,399 Speaker 1: I mean I think you know, every screenwriter has a 307 00:17:15,440 --> 00:17:18,640 Speaker 1: million ideas, and some of the ideas are most passionate about. 308 00:17:18,680 --> 00:17:20,320 Speaker 1: Maybe they didn't get picked up the first time. But 309 00:17:20,400 --> 00:17:23,480 Speaker 1: the chance to come and write it as a screenplay 310 00:17:23,720 --> 00:17:25,399 Speaker 1: or right as a short story, which we hear a 311 00:17:25,440 --> 00:17:29,639 Speaker 1: lot about, UM, novelize it even UM, a chance to 312 00:17:29,680 --> 00:17:32,040 Speaker 1: build your own audience and show that there's validity in 313 00:17:32,160 --> 00:17:34,600 Speaker 1: your idea. That's a lot pad. It's about, you know, 314 00:17:34,960 --> 00:17:37,679 Speaker 1: you don't have to ask anyone's permission to have fans 315 00:17:37,720 --> 00:17:42,320 Speaker 1: a lot pad. You create them yourself with beautiful storytelling. Yeah. Alright, well, 316 00:17:42,359 --> 00:17:45,399 Speaker 1: let's talk about a recent deal you did UM for 317 00:17:45,840 --> 00:17:50,200 Speaker 1: a project called Float Um. It's a new film based 318 00:17:50,400 --> 00:17:52,360 Speaker 1: on the hit Bob Pad story of the same name. 319 00:17:52,400 --> 00:17:57,080 Speaker 1: You're working with Callingy Pictures, which was the company behind 320 00:17:57,560 --> 00:18:02,000 Speaker 1: Netflix's Code eight. So to me, how this came about? UM? 321 00:18:02,840 --> 00:18:05,840 Speaker 1: And you know what, what are what are we looking for? 322 00:18:06,119 --> 00:18:09,760 Speaker 1: What's what can we expect out of this? Yeah, this 323 00:18:09,960 --> 00:18:12,639 Speaker 1: is really exciting project for us. I mean, as you 324 00:18:12,720 --> 00:18:16,840 Speaker 1: called out, calling me Pictures did Code eight, it was 325 00:18:17,560 --> 00:18:21,320 Speaker 1: you know, number one movie on Netflix for a while 326 00:18:21,800 --> 00:18:27,960 Speaker 1: earlier this year. Um, And it came about because you know, 327 00:18:28,080 --> 00:18:31,720 Speaker 1: I think we both have a really similar vision to UM, 328 00:18:33,480 --> 00:18:36,359 Speaker 1: how we want to change how entertainment has made. You know, 329 00:18:36,480 --> 00:18:39,640 Speaker 1: we both feel we're kind of leading in new models 330 00:18:39,800 --> 00:18:41,960 Speaker 1: for success build around fan engagement. I think you know, 331 00:18:42,000 --> 00:18:46,520 Speaker 1: I've talked a little bit about ours already, but UM. 332 00:18:46,800 --> 00:18:51,159 Speaker 1: You know, Colony for Code A raised two point four 333 00:18:51,240 --> 00:18:55,760 Speaker 1: million dollars through crowdfunding, and it was like the second 334 00:18:55,840 --> 00:18:59,720 Speaker 1: largest campaign of all time across all crowdfunding platforms. And 335 00:18:59,800 --> 00:19:02,240 Speaker 1: they they realized that if they built that fan base 336 00:19:02,400 --> 00:19:05,440 Speaker 1: early and all through just a short they did around 337 00:19:05,440 --> 00:19:09,760 Speaker 1: the concept UM, that they would have more control and 338 00:19:10,000 --> 00:19:12,400 Speaker 1: better chance of success. Which you know. Obviously the success 339 00:19:12,440 --> 00:19:15,840 Speaker 1: on Netflix shows that they're able to do that. And UM, 340 00:19:16,560 --> 00:19:18,159 Speaker 1: I think we're always trying to look for those like 341 00:19:18,359 --> 00:19:21,639 Speaker 1: minds that want to think about entertainment, not in the 342 00:19:21,680 --> 00:19:24,159 Speaker 1: way it's been thought about for a hundred years. Putting 343 00:19:24,480 --> 00:19:28,600 Speaker 1: fan an audience engagement as part of the development process 344 00:19:28,680 --> 00:19:31,159 Speaker 1: not something you hope for after it And it was 345 00:19:31,200 --> 00:19:33,320 Speaker 1: a really easy fit for us. Then you find a 346 00:19:33,440 --> 00:19:38,359 Speaker 1: story like Float, which I mean expounds fan engagement. Kate Marshawn, 347 00:19:38,400 --> 00:19:41,280 Speaker 1: who wrote it, Um, you know, started writing it, got 348 00:19:41,280 --> 00:19:46,399 Speaker 1: about halfway done, um, and kind of moved on to 349 00:19:46,480 --> 00:19:48,359 Speaker 1: another project, said I'm gonna go write something else for 350 00:19:48,359 --> 00:19:53,560 Speaker 1: a while. Fans we're not having any of that. Uh. 351 00:19:53,640 --> 00:19:55,280 Speaker 1: They were quite vocal that you should come back and 352 00:19:55,320 --> 00:19:58,280 Speaker 1: finish the story. She finishes the story, and it jumps 353 00:19:58,320 --> 00:20:01,240 Speaker 1: back up in the top fifty read stories on what 354 00:20:01,400 --> 00:20:05,040 Speaker 1: had all of a sudden again, And um, you know, 355 00:20:05,400 --> 00:20:07,320 Speaker 1: when you finished in two thousand and eighteen, it still 356 00:20:07,320 --> 00:20:10,159 Speaker 1: remains one of our top paid stories on the platform. So, um, 357 00:20:10,760 --> 00:20:14,199 Speaker 1: you know, you find a great partner in colony who 358 00:20:14,320 --> 00:20:16,280 Speaker 1: wants to engage fans as early as possible in the 359 00:20:16,320 --> 00:20:19,040 Speaker 1: process to increase success. We find this story that has 360 00:20:19,119 --> 00:20:22,600 Speaker 1: a rabid fan base who are knocking down Kate Retaurant's 361 00:20:22,680 --> 00:20:25,840 Speaker 1: door to get it finished. Um, it was just a 362 00:20:25,960 --> 00:20:29,760 Speaker 1: really great easy project to put together after that, So 363 00:20:29,960 --> 00:20:34,000 Speaker 1: it's a it's a story, right, Um, it is a 364 00:20:34,040 --> 00:20:36,840 Speaker 1: why a story on this one. Um, you know it's 365 00:20:36,920 --> 00:20:43,240 Speaker 1: it's about UH young woman who whose parents are divorced 366 00:20:43,280 --> 00:20:45,080 Speaker 1: and can't decide where she's going to spend the summer, 367 00:20:45,280 --> 00:20:50,240 Speaker 1: ends up in uh with an aunt in Florida and 368 00:20:51,160 --> 00:20:55,840 Speaker 1: uh meets her next door neighbor who happens to be 369 00:20:55,960 --> 00:20:58,360 Speaker 1: a swim instructor and all in all it turns out 370 00:20:58,600 --> 00:21:03,800 Speaker 1: and behold she can't swim. And it is a really thoughtful, 371 00:21:04,040 --> 00:21:10,680 Speaker 1: fun why a uh drama romance around kind of learning 372 00:21:10,720 --> 00:21:15,560 Speaker 1: who you are yourself and uh when how to meet 373 00:21:15,640 --> 00:21:19,240 Speaker 1: you know, a chosen family versus your given family. Um, 374 00:21:19,520 --> 00:21:21,439 Speaker 1: it's going to be a really beautiful story to bring 375 00:21:21,520 --> 00:21:24,639 Speaker 1: to screen with them, So I expect that, Um, you 376 00:21:24,720 --> 00:21:27,200 Speaker 1: know this this idea of a built in fan base, 377 00:21:27,280 --> 00:21:30,399 Speaker 1: which you did meant you did mention? Uh you know 378 00:21:30,600 --> 00:21:35,840 Speaker 1: Flow has more than did you say million reads? Yeah? 379 00:21:36,000 --> 00:21:40,639 Speaker 1: Move million? Yeah? So that I mean that's obviously not 380 00:21:40,800 --> 00:21:44,240 Speaker 1: just a proof of concept, but you know, evidence that 381 00:21:44,760 --> 00:21:50,159 Speaker 1: there will be a market for the finished product. Oh absolutely, 382 00:21:50,240 --> 00:21:53,600 Speaker 1: I mean that is you know, I think in previous 383 00:21:54,280 --> 00:21:56,280 Speaker 1: years I would have said, you know, we hope our 384 00:21:56,359 --> 00:21:58,639 Speaker 1: data is predictive. We now know that it is. You know, 385 00:21:58,720 --> 00:22:01,200 Speaker 1: we've published enough books. We seeing the success of After 386 00:22:01,800 --> 00:22:04,440 Speaker 1: Kissing Booth Light is a feather that we know our data. 387 00:22:05,000 --> 00:22:07,840 Speaker 1: We know our fans will follow those stories from one 388 00:22:07,880 --> 00:22:11,200 Speaker 1: platform to another. Um. You know when you sit down 389 00:22:12,040 --> 00:22:15,000 Speaker 1: with the Colony team, you know that's what we want 390 00:22:15,040 --> 00:22:17,400 Speaker 1: to foster. We don't see this as a proof of concept. 391 00:22:17,480 --> 00:22:21,200 Speaker 1: And you know Robbie Amil, who is you know, gonna 392 00:22:21,200 --> 00:22:24,240 Speaker 1: be a producer on the project and started it. He 393 00:22:24,359 --> 00:22:27,000 Speaker 1: knows this genre really well, and he knows a fandom 394 00:22:27,040 --> 00:22:29,400 Speaker 1: really well from from his work on Code Aid as well, 395 00:22:29,480 --> 00:22:31,480 Speaker 1: and he can look at this and go, yeah, this 396 00:22:31,680 --> 00:22:33,280 Speaker 1: is this is something that we're gonna have a lot 397 00:22:33,320 --> 00:22:35,280 Speaker 1: of success with and puts his time and effort to 398 00:22:35,320 --> 00:22:37,520 Speaker 1: do it. So, uh no, we don't think it's a 399 00:22:37,560 --> 00:22:39,639 Speaker 1: proof of concept. This is this is far past that. 400 00:22:39,800 --> 00:22:43,640 Speaker 1: This is an established story. Um. And I'm pretty sure 401 00:22:43,800 --> 00:22:45,440 Speaker 1: any author with a book on a shelf would like 402 00:22:45,480 --> 00:22:46,920 Speaker 1: to be able to turn around and say their books 403 00:22:46,960 --> 00:22:49,520 Speaker 1: been read twenty five million times. So this is far 404 00:22:49,720 --> 00:22:51,680 Speaker 1: from a proof of concept and it shows the power 405 00:22:51,720 --> 00:22:53,720 Speaker 1: of audience. Again, I don't think I'm gonna say that 406 00:22:53,920 --> 00:22:56,680 Speaker 1: enough during this jet, but you know, the audience is 407 00:22:57,000 --> 00:23:00,560 Speaker 1: h is not wrong in this one. Now, with a 408 00:23:00,800 --> 00:23:04,679 Speaker 1: large and open platform like boot pad, UM, you're going 409 00:23:04,760 --> 00:23:07,240 Speaker 1: to have people trying to either gain the system or 410 00:23:07,680 --> 00:23:11,520 Speaker 1: cheap right. I mean I'm wondering, you know, maybe you 411 00:23:11,520 --> 00:23:13,359 Speaker 1: can talk a little bit about how do you scan 412 00:23:14,040 --> 00:23:21,480 Speaker 1: for people who are violating copyright or plagiarizing, posting inappropriate 413 00:23:21,560 --> 00:23:24,760 Speaker 1: material things like that. UM, to what extent you police 414 00:23:24,840 --> 00:23:30,000 Speaker 1: the platform UM and you know, make sure that it's 415 00:23:30,040 --> 00:23:34,560 Speaker 1: a safe, clean, well eyed in place. So I think 416 00:23:34,600 --> 00:23:36,680 Speaker 1: the most important thing to understand is we do want 417 00:23:36,680 --> 00:23:40,879 Speaker 1: to create a safe h a safe space for people 418 00:23:40,920 --> 00:23:46,720 Speaker 1: to exist. UM. We've invested a phenomenal amount in monitoring 419 00:23:46,760 --> 00:23:51,280 Speaker 1: the community, protecting the community, giving writers tools to protect 420 00:23:51,359 --> 00:23:57,440 Speaker 1: themselves when need be. UM. You know, we we work 421 00:23:57,520 --> 00:24:00,240 Speaker 1: in the publishing in their team and industry are else. 422 00:24:00,320 --> 00:24:06,159 Speaker 1: I mean, uh, pirated content is something that we have 423 00:24:06,400 --> 00:24:11,879 Speaker 1: no space for on our platform. UM. And really if 424 00:24:11,960 --> 00:24:15,280 Speaker 1: you look at the engagement, and that's our our platform is. 425 00:24:15,400 --> 00:24:17,720 Speaker 1: You know, it's it's not about just reading, it's not 426 00:24:17,760 --> 00:24:20,360 Speaker 1: about just writing. It's about engagement. And when you look 427 00:24:20,400 --> 00:24:26,440 Speaker 1: at that engagement, um, the way that our our readers 428 00:24:26,560 --> 00:24:29,800 Speaker 1: talk to our writers, the critiques they give, but the 429 00:24:29,880 --> 00:24:33,119 Speaker 1: respectful critiques they get, the fact that it really are 430 00:24:33,160 --> 00:24:37,080 Speaker 1: truly seeing community built around these stories and really fandom 431 00:24:37,160 --> 00:24:40,359 Speaker 1: and transparent fandom between an author and a writer. You 432 00:24:40,480 --> 00:24:42,280 Speaker 1: see the kind of community that we've been able to 433 00:24:42,359 --> 00:24:45,600 Speaker 1: grow since you know, our inception in two thousand and seven. 434 00:24:46,000 --> 00:24:48,720 Speaker 1: And that comes with understanding that we want a place 435 00:24:48,840 --> 00:24:51,200 Speaker 1: for people to write who don't see their stories on 436 00:24:51,320 --> 00:24:56,359 Speaker 1: screens elsewhere, and without that beautiful engagement between author and audience, 437 00:24:56,560 --> 00:24:59,800 Speaker 1: without the ability to feel safe in your responses, that 438 00:25:00,000 --> 00:25:02,879 Speaker 1: doesn't happen. So you know that engagement is really our 439 00:25:02,920 --> 00:25:06,680 Speaker 1: proofpoint that we're doing some of the really important worth 440 00:25:06,720 --> 00:25:10,760 Speaker 1: to ensure that we have just a vibrant community. There 441 00:25:10,800 --> 00:25:15,199 Speaker 1: are going to be accusations that hey, you stole my idea. UM. 442 00:25:15,760 --> 00:25:20,639 Speaker 1: I mean, you probably know about this dispute over a 443 00:25:20,720 --> 00:25:27,879 Speaker 1: couple of Omega verse Um authors. It's this strange human 444 00:25:28,320 --> 00:25:34,400 Speaker 1: romance sub genre and you know, you can you copyright 445 00:25:34,480 --> 00:25:37,600 Speaker 1: an idea? How do you you know, how do you 446 00:25:37,760 --> 00:25:40,280 Speaker 1: interface with this sort of thing when it comes up 447 00:25:40,320 --> 00:25:46,320 Speaker 1: in the wipad community. Again, just taking a step back, 448 00:25:46,480 --> 00:25:51,800 Speaker 1: I think the way people express their ideas, whether it's 449 00:25:51,840 --> 00:25:58,040 Speaker 1: the Omega verse, which itself has a huge fandom, or romance, horror, 450 00:25:58,280 --> 00:26:00,760 Speaker 1: fantasy and the sub genres that you know are not 451 00:26:00,960 --> 00:26:06,240 Speaker 1: necessarily something we've seen before on screens. Um When you 452 00:26:06,320 --> 00:26:08,560 Speaker 1: have something like what, you're going to see new ideas 453 00:26:08,640 --> 00:26:12,680 Speaker 1: popping up, and our job really is to ensure that 454 00:26:13,040 --> 00:26:15,199 Speaker 1: it's a safe place for those new ideas to pop up, 455 00:26:15,600 --> 00:26:17,840 Speaker 1: that's a safe place to discuss those new ideas, whether 456 00:26:17,880 --> 00:26:21,680 Speaker 1: it's something that you know, the old guard is comfortable 457 00:26:21,920 --> 00:26:24,480 Speaker 1: with understanding today or whether they're going to understand it 458 00:26:24,560 --> 00:26:27,880 Speaker 1: when After becomes, you know, one of the biggest indie 459 00:26:27,920 --> 00:26:31,600 Speaker 1: movies of the year last year, that I don't have 460 00:26:31,680 --> 00:26:33,359 Speaker 1: to worry about. What I have to worry about is 461 00:26:33,440 --> 00:26:36,560 Speaker 1: that we have a safe community that's building really brilliant. 462 00:26:36,600 --> 00:26:38,760 Speaker 1: I p that we then get to work with the 463 00:26:38,840 --> 00:26:41,640 Speaker 1: best players around the world to create something that fans love. 464 00:26:42,160 --> 00:26:45,000 Speaker 1: Those fans are going to show you that no matter 465 00:26:45,040 --> 00:26:47,280 Speaker 1: if you understood why that story it was written originally, 466 00:26:47,600 --> 00:26:49,800 Speaker 1: that it was an important piece of storytelling in in 467 00:26:49,880 --> 00:26:52,840 Speaker 1: the university. Okay, So, I think what you're saying is 468 00:26:52,880 --> 00:26:57,720 Speaker 1: the community is to some extens self policing and while 469 00:26:57,760 --> 00:26:59,440 Speaker 1: we give them tools, you know, it is a key 470 00:26:59,520 --> 00:27:02,399 Speaker 1: tenant we create that safe space ourselves. You know, that 471 00:27:02,560 --> 00:27:06,320 Speaker 1: is something again that we invest in heavily. Um. But 472 00:27:06,520 --> 00:27:08,480 Speaker 1: you know, you set the tone for your community, and 473 00:27:08,760 --> 00:27:13,399 Speaker 1: we've been very fortunate that our community UM continues to 474 00:27:13,480 --> 00:27:17,399 Speaker 1: invest in keeping it a really great place to spend 475 00:27:17,440 --> 00:27:21,320 Speaker 1: on the internet. Okay. Now, UM, when you do you know, 476 00:27:21,520 --> 00:27:26,399 Speaker 1: surface or project that you're considering taking to a studio 477 00:27:26,520 --> 00:27:30,760 Speaker 1: production partner, you do due diligence. I'm assuming to make 478 00:27:30,840 --> 00:27:37,480 Speaker 1: sure that it is UH unique and well you know, 479 00:27:38,280 --> 00:27:42,760 Speaker 1: m be suitable for adaptation. In other words, that it's 480 00:27:42,800 --> 00:27:47,040 Speaker 1: not just a rewrite of Harry Potter. I'm making that up. Um. 481 00:27:47,760 --> 00:27:50,080 Speaker 1: Of course we do. And that's that's the art and 482 00:27:50,320 --> 00:27:52,639 Speaker 1: that's where art meets science, right you know. So I 483 00:27:52,720 --> 00:28:00,440 Speaker 1: have a team of creative execs around the world l A, Toronto, Jakarta, Manila, 484 00:28:01,240 --> 00:28:05,440 Speaker 1: UH and Paris UH and their jobs are to use 485 00:28:05,560 --> 00:28:09,320 Speaker 1: traditional story theory to understand the stories we have understand 486 00:28:09,840 --> 00:28:11,560 Speaker 1: not only is there a story to be told, but 487 00:28:11,640 --> 00:28:14,160 Speaker 1: has this story been told fourteen times in twenty two 488 00:28:14,160 --> 00:28:17,480 Speaker 1: different ways, and therefore we don't need that again. So 489 00:28:18,160 --> 00:28:20,639 Speaker 1: it's never just saying, you know, as we've spoken a 490 00:28:20,680 --> 00:28:23,879 Speaker 1: little bit before, oh this story is huge. Okay, stop everything, 491 00:28:24,280 --> 00:28:26,800 Speaker 1: get the scriptrit and put it on the screen. It's 492 00:28:27,040 --> 00:28:29,520 Speaker 1: why is this story huge? What are the important points 493 00:28:29,560 --> 00:28:33,680 Speaker 1: that let this grow an audience? And is their way 494 00:28:33,720 --> 00:28:36,520 Speaker 1: into that through adaptation with some of our partners, or 495 00:28:36,600 --> 00:28:38,480 Speaker 1: whether we take it on ourselves. You know, we announced 496 00:28:38,520 --> 00:28:41,640 Speaker 1: our development fund will really this year and work with 497 00:28:41,680 --> 00:28:43,840 Speaker 1: great writers like David rod on What Happened that Night, 498 00:28:44,160 --> 00:28:46,320 Speaker 1: where we see a way that we can accelerate the 499 00:28:46,360 --> 00:28:49,800 Speaker 1: speed of our work by investing ourselves in in development. 500 00:28:50,200 --> 00:28:55,680 Speaker 1: But it is always always that mix of understanding the 501 00:28:55,800 --> 00:29:00,400 Speaker 1: story theory, understanding the three acts or the our plot 502 00:29:00,480 --> 00:29:03,120 Speaker 1: for the series, and then matching that with why the 503 00:29:03,200 --> 00:29:05,400 Speaker 1: audience came to this in the first place. So not 504 00:29:05,560 --> 00:29:07,520 Speaker 1: every story is meant for screen, not every story is 505 00:29:07,520 --> 00:29:09,360 Speaker 1: meant for schells, Some are only meant for one or 506 00:29:09,360 --> 00:29:12,920 Speaker 1: the other, and some are meant for neither. But you 507 00:29:13,080 --> 00:29:18,120 Speaker 1: can't blindly assume that just because one of our exacts 508 00:29:18,200 --> 00:29:20,360 Speaker 1: loves something, it needs to be made. Just likewise, we 509 00:29:20,400 --> 00:29:22,800 Speaker 1: don't just assume because the audience loves something, there's a 510 00:29:22,840 --> 00:29:26,480 Speaker 1: way into it that can get it made today. So 511 00:29:26,520 --> 00:29:29,760 Speaker 1: it really is that mix and I think I would 512 00:29:29,800 --> 00:29:31,320 Speaker 1: gather to say we're one of the only companies in 513 00:29:31,360 --> 00:29:33,680 Speaker 1: the world, is not the only one who is really 514 00:29:33,760 --> 00:29:37,320 Speaker 1: blending that art science together and in in the mixer 515 00:29:37,400 --> 00:29:41,160 Speaker 1: and really coming out with some really beautiful and successful projects. 516 00:29:42,720 --> 00:29:46,640 Speaker 1: So you mentioned the development fund, What what's different about 517 00:29:46,720 --> 00:29:50,400 Speaker 1: this and so you're working with You mentioned David Rata 518 00:29:50,520 --> 00:29:54,239 Speaker 1: with what Happened that Night and Angela La Maana am 519 00:29:54,280 --> 00:29:59,000 Speaker 1: I saying that right? Yeah? Yeah, with the hound with 520 00:29:59,160 --> 00:30:02,520 Speaker 1: the hand? Um, So how did you choose those two? 521 00:30:02,600 --> 00:30:05,400 Speaker 1: And how is this different from the other projects you 522 00:30:05,720 --> 00:30:08,680 Speaker 1: you've brain live so to speak. Yeah, So for a 523 00:30:08,760 --> 00:30:10,840 Speaker 1: lot of our projects previous to this, you know, we 524 00:30:10,920 --> 00:30:13,640 Speaker 1: are working with partners. You know, Sony TV in the 525 00:30:13,800 --> 00:30:16,720 Speaker 1: US is is you know, one of our biggest partners 526 00:30:16,840 --> 00:30:18,480 Speaker 1: right now, and we work with them to choose what 527 00:30:18,560 --> 00:30:22,160 Speaker 1: goes into development and uh, what to kick off and 528 00:30:22,840 --> 00:30:27,880 Speaker 1: the creative paths and and it's a normal kind of 529 00:30:28,000 --> 00:30:30,640 Speaker 1: day to day thing in Hollywood, I guess, um, But 530 00:30:32,560 --> 00:30:35,920 Speaker 1: we really truly believe in our own data and the 531 00:30:36,040 --> 00:30:38,480 Speaker 1: fact the matter is, despite the number of partners we 532 00:30:38,520 --> 00:30:42,040 Speaker 1: have in the world, despite the number of uh you know, 533 00:30:42,880 --> 00:30:45,920 Speaker 1: contacts and network that we have in l A alone, 534 00:30:46,400 --> 00:30:48,560 Speaker 1: there's always going to be stories that don't fit what 535 00:30:48,680 --> 00:30:51,640 Speaker 1: other people think or could or can be successful. And 536 00:30:52,360 --> 00:30:54,120 Speaker 1: you can never progarde that. You know, when you get 537 00:30:54,160 --> 00:30:56,160 Speaker 1: into this business, you're going to spend a long time 538 00:30:56,200 --> 00:30:58,560 Speaker 1: with whatever story you choose next, so make sure you 539 00:30:58,640 --> 00:31:03,880 Speaker 1: love it. But we have that insight into why people 540 00:31:03,960 --> 00:31:06,000 Speaker 1: love this. We can find a way into these stories, 541 00:31:06,080 --> 00:31:08,320 Speaker 1: and when the rest of the town says no, we 542 00:31:08,360 --> 00:31:09,880 Speaker 1: want to still be able to say yes. So this 543 00:31:10,080 --> 00:31:14,520 Speaker 1: is kind of our move towards speeding up the process. 544 00:31:14,600 --> 00:31:16,520 Speaker 1: You know, I don't have to go and find somebody 545 00:31:16,640 --> 00:31:20,080 Speaker 1: loves what happened at night. David Roddi gives us a 546 00:31:20,240 --> 00:31:22,320 Speaker 1: brilliant take on it, and we get to say, Okay, 547 00:31:22,440 --> 00:31:25,120 Speaker 1: go ahead and start writing Angela. Mona looks at the 548 00:31:25,200 --> 00:31:29,280 Speaker 1: hound pitches why she thinks that's the right thing to do. 549 00:31:30,080 --> 00:31:32,680 Speaker 1: We see that that matches with what the audience loves 550 00:31:32,680 --> 00:31:34,719 Speaker 1: about it and go, okay, let's go write a script. 551 00:31:35,120 --> 00:31:38,040 Speaker 1: And so it's just moving us down that path a 552 00:31:38,080 --> 00:31:41,520 Speaker 1: little faster. Where you know, previously we've relied on partners 553 00:31:41,560 --> 00:31:44,360 Speaker 1: for development. We get to say yes to some things ourselves, 554 00:31:44,520 --> 00:31:46,960 Speaker 1: which just speeds up. The president frankly lets us bet 555 00:31:47,000 --> 00:31:49,000 Speaker 1: our our own data. I mean, that's what this comes 556 00:31:49,200 --> 00:31:50,880 Speaker 1: comes down to, is, of course I want to be 557 00:31:50,920 --> 00:31:52,719 Speaker 1: able to bet on my own data. I know it's predicted. 558 00:31:52,880 --> 00:31:55,440 Speaker 1: I'm watching it again and again and again around the world. 559 00:31:55,680 --> 00:31:57,600 Speaker 1: Why wouldn't I want to be able to put some 560 00:31:57,680 --> 00:32:00,360 Speaker 1: of our chips down on our own number. Well, do 561 00:32:00,400 --> 00:32:03,720 Speaker 1: you see at some point, Aaron, you know the kind 562 00:32:03,760 --> 00:32:06,920 Speaker 1: of the circle getting complete here? In other words, you 563 00:32:07,040 --> 00:32:11,360 Speaker 1: guys option a story, you develop it, and you produce 564 00:32:11,480 --> 00:32:15,280 Speaker 1: it and then maybe you bring it back to the 565 00:32:15,400 --> 00:32:21,080 Speaker 1: world paid service. Yeah, our our CEO wrote this master 566 00:32:21,280 --> 00:32:23,640 Speaker 1: plan documented like three years ago, so I think it's 567 00:32:23,680 --> 00:32:30,320 Speaker 1: three years into a ten year plan. And um, what's 568 00:32:30,320 --> 00:32:33,400 Speaker 1: amazing about it is, you know, verticalization is kind of 569 00:32:33,480 --> 00:32:35,680 Speaker 1: the core of what we're trying to do here. You know, 570 00:32:35,800 --> 00:32:38,840 Speaker 1: do I want to take the place of studios in 571 00:32:38,920 --> 00:32:41,280 Speaker 1: our world? Not necessarily that's not what I'm looking to do. 572 00:32:41,400 --> 00:32:44,560 Speaker 1: But you know, you actually pointed out we have you know, 573 00:32:44,920 --> 00:32:47,560 Speaker 1: eighty million years is coming every month. We have over 574 00:32:47,640 --> 00:32:50,040 Speaker 1: a billion uploads on the platforms of stories from every 575 00:32:50,120 --> 00:32:54,000 Speaker 1: genre and fifty plus languages. So we have I P 576 00:32:54,240 --> 00:32:56,840 Speaker 1: and audience. I mean, that's the holy grail of entertainment. 577 00:32:56,960 --> 00:32:59,360 Speaker 1: And the more ways we can connect those two, whether 578 00:32:59,440 --> 00:33:02,680 Speaker 1: it's through reason, what Pad, a book on a shelf, uh, 579 00:33:03,160 --> 00:33:05,240 Speaker 1: you know, the theme parks one day, I don't know, 580 00:33:05,440 --> 00:33:07,840 Speaker 1: but it's all of them finding more and more ways 581 00:33:08,680 --> 00:33:12,600 Speaker 1: uh to connect audience with the story they love, and 582 00:33:13,080 --> 00:33:15,120 Speaker 1: finding ways to help authors grow careers and you know, 583 00:33:15,280 --> 00:33:17,240 Speaker 1: create really great business on top of that and in 584 00:33:17,400 --> 00:33:21,600 Speaker 1: concert with those those author partners. So, UM, verticalization is 585 00:33:21,640 --> 00:33:23,760 Speaker 1: something we concentrate a lot and development fund is you know, 586 00:33:23,840 --> 00:33:26,200 Speaker 1: as you said, a perfect example of that first step 587 00:33:26,200 --> 00:33:30,320 Speaker 1: towards that M Well, naturally, the what pad theme park 588 00:33:30,600 --> 00:33:33,440 Speaker 1: what pad Land would have to include a kissing booth 589 00:33:34,440 --> 00:33:39,000 Speaker 1: ride or something like that. When we open up jobs 590 00:33:39,000 --> 00:33:40,720 Speaker 1: for designers to add, I'll make sure you're at the 591 00:33:40,760 --> 00:33:46,720 Speaker 1: topple list, all right. UM. One other point, and I 592 00:33:46,760 --> 00:33:50,680 Speaker 1: think you touched on this, UM you've seen what you 593 00:33:50,840 --> 00:33:54,080 Speaker 1: you do business are all around the world, UM, and 594 00:33:54,520 --> 00:33:57,280 Speaker 1: you're seeing you know, a good reception in the US, 595 00:33:57,360 --> 00:34:02,239 Speaker 1: but also um internationally, Why A why do you think that's? UM? 596 00:34:02,440 --> 00:34:09,480 Speaker 1: Particularly the case so international has always been a really 597 00:34:09,520 --> 00:34:13,719 Speaker 1: core strategy for what that studios. You know, day one, 598 00:34:13,760 --> 00:34:16,360 Speaker 1: when we said we're going to go make content, we 599 00:34:16,480 --> 00:34:19,560 Speaker 1: never said we're going to go make us content only. UM. 600 00:34:20,360 --> 00:34:23,280 Speaker 1: Part of the reason is our audiences all over the world. 601 00:34:23,400 --> 00:34:26,040 Speaker 1: You know, you're you're really talking about you know, across 602 00:34:26,520 --> 00:34:31,120 Speaker 1: North America, Latin America, EU, and Asia and nicely split 603 00:34:31,200 --> 00:34:35,799 Speaker 1: between those four regions really UM. And when you look 604 00:34:35,840 --> 00:34:38,799 Speaker 1: at the wealth of content, the writing that's coming out 605 00:34:38,840 --> 00:34:45,000 Speaker 1: of each of these countries, and you realize that globally, 606 00:34:45,280 --> 00:34:48,600 Speaker 1: for so long entertainment has been dominated by US centric 607 00:34:48,680 --> 00:34:51,320 Speaker 1: content and you're just starting to see that flicker of 608 00:34:51,440 --> 00:34:54,680 Speaker 1: global content having a much bigger mind space and in 609 00:34:54,960 --> 00:34:58,960 Speaker 1: every consumer around the world. You thought, what better thing 610 00:34:59,000 --> 00:35:00,480 Speaker 1: to do than work with the big guest and best 611 00:35:00,560 --> 00:35:03,280 Speaker 1: producers across countries. You know, whether it's a very effiction 612 00:35:03,960 --> 00:35:07,280 Speaker 1: you know, media set media or very fiction in Germany, 613 00:35:07,400 --> 00:35:10,080 Speaker 1: media set in Italy, or media pro and Singapore, why 614 00:35:10,120 --> 00:35:12,719 Speaker 1: not work with people who understand the local culture and 615 00:35:12,840 --> 00:35:15,719 Speaker 1: start finding stories that will resonate there with the hope 616 00:35:15,800 --> 00:35:19,680 Speaker 1: that there's some global strength to that as well. UM 617 00:35:20,440 --> 00:35:22,560 Speaker 1: and day one we said international will be just as 618 00:35:22,600 --> 00:35:26,360 Speaker 1: important as as domestic, and I use that in quotes 619 00:35:26,440 --> 00:35:29,319 Speaker 1: because they're both so equal now I don't know which 620 00:35:29,360 --> 00:35:35,040 Speaker 1: one is the international markets some days, ah and we 621 00:35:35,239 --> 00:35:37,879 Speaker 1: want to see the next biggest story for the next 622 00:35:37,920 --> 00:35:40,919 Speaker 1: biggest hit in the US come from Singapore. I'm gonna 623 00:35:40,960 --> 00:35:45,080 Speaker 1: love when the next biggest hit from France came from Indonesia. 624 00:35:45,719 --> 00:35:49,200 Speaker 1: And you see certain you see a lot of that 625 00:35:49,280 --> 00:35:52,000 Speaker 1: these days, especially with streaming being so global that you're 626 00:35:52,000 --> 00:35:54,040 Speaker 1: seeing those hits come from other countries. And we really 627 00:35:54,080 --> 00:35:56,320 Speaker 1: think we can be a cornerstone in that strategy for 628 00:35:56,400 --> 00:35:58,960 Speaker 1: any of our partners when you know that you have 629 00:35:59,120 --> 00:36:01,239 Speaker 1: a story that was huge in the US, but the 630 00:36:01,320 --> 00:36:06,200 Speaker 1: next three biggest countries for it were, you know, France, Italy, 631 00:36:06,480 --> 00:36:09,400 Speaker 1: and Denmark. All right, Now we have targets for international 632 00:36:09,480 --> 00:36:12,000 Speaker 1: markets right away built in. So it's just another way 633 00:36:12,080 --> 00:36:13,719 Speaker 1: we can look at our audience in a way to 634 00:36:13,800 --> 00:36:16,840 Speaker 1: support us in multiple countries. All to day is an 635 00:36:16,880 --> 00:36:22,160 Speaker 1: international UM, it's it's always been a core pillar of 636 00:36:22,400 --> 00:36:24,279 Speaker 1: what we've tried to set up here at Studios, and 637 00:36:24,400 --> 00:36:27,120 Speaker 1: we want to work with those local partners because they 638 00:36:27,200 --> 00:36:28,960 Speaker 1: understand the local markets. And the last thing you want 639 00:36:29,000 --> 00:36:31,720 Speaker 1: to do is push a gaze from another country onto 640 00:36:31,760 --> 00:36:33,720 Speaker 1: a local market. We want to do something as authentic 641 00:36:33,760 --> 00:36:35,400 Speaker 1: as possible in that markets. You have to work with 642 00:36:35,480 --> 00:36:39,400 Speaker 1: local partners to do that. That is the process. You know, 643 00:36:39,600 --> 00:36:42,600 Speaker 1: generally speaking, were the same way in other words story 644 00:36:42,719 --> 00:36:49,520 Speaker 1: DNA machine UH machine learning that that works in different languages, 645 00:36:49,640 --> 00:36:55,040 Speaker 1: in different cultures. Were there variations based on the local 646 00:36:55,120 --> 00:37:00,560 Speaker 1: culture for so what's important is that the data that 647 00:37:00,640 --> 00:37:06,440 Speaker 1: gets created locally is from local audience. So it's less 648 00:37:06,560 --> 00:37:08,960 Speaker 1: about how we analyze it. You know, we like to 649 00:37:09,080 --> 00:37:11,880 Speaker 1: be kind of uh consistent and how we're looking at 650 00:37:11,920 --> 00:37:15,560 Speaker 1: our data. UM, but you're not going to apply your 651 00:37:15,640 --> 00:37:18,960 Speaker 1: the thing you learned in the US too, UM a 652 00:37:19,120 --> 00:37:24,319 Speaker 1: Spanish market that's not totally concrued. So we start looking 653 00:37:24,360 --> 00:37:31,320 Speaker 1: at what it's important in Indonesia, Philippines, UH, Singapore and 654 00:37:31,440 --> 00:37:34,000 Speaker 1: saying why is this important in this country, work with 655 00:37:34,040 --> 00:37:36,520 Speaker 1: our partners to understand that, and then start deciding if 656 00:37:36,560 --> 00:37:39,120 Speaker 1: there's global application to it. And sometimes we're just gonna 657 00:37:39,160 --> 00:37:41,759 Speaker 1: make a really brilliant local series that that could be 658 00:37:41,800 --> 00:37:44,000 Speaker 1: where it stuff. But a lot of cases, more and 659 00:37:44,040 --> 00:37:45,880 Speaker 1: more of our partners are saying, yeah, we want to 660 00:37:45,920 --> 00:37:49,400 Speaker 1: start here, but we know, you know, some good subtitling 661 00:37:49,520 --> 00:37:50,800 Speaker 1: on this, and it's going to do really well on 662 00:37:50,840 --> 00:37:52,640 Speaker 1: a global streaming service and we can sell it there 663 00:37:52,680 --> 00:37:55,920 Speaker 1: as well. So look, the process is the same the 664 00:37:55,960 --> 00:37:59,359 Speaker 1: way we understand audience way, not only my creative team, 665 00:37:59,440 --> 00:38:01,640 Speaker 1: but you know, our data teams kind of come together 666 00:38:01,800 --> 00:38:05,480 Speaker 1: to create a real true X ray understanding of a 667 00:38:05,640 --> 00:38:08,920 Speaker 1: story remains the same, but we're going to apply different 668 00:38:09,040 --> 00:38:11,000 Speaker 1: data sets if I can be a little nerty for 669 00:38:11,080 --> 00:38:13,200 Speaker 1: a second to it. You know, it is about using 670 00:38:13,239 --> 00:38:16,279 Speaker 1: that local understanding to really find why that story is 671 00:38:16,320 --> 00:38:22,040 Speaker 1: important before we go into development. Now your your discussion 672 00:38:22,120 --> 00:38:25,520 Speaker 1: and your philosophy of our adversus science here. Um, do 673 00:38:25,600 --> 00:38:29,160 Speaker 1: you encounter any sort of culture shock with people from 674 00:38:29,239 --> 00:38:32,640 Speaker 1: Hollywood who you know, they know a good story when 675 00:38:32,640 --> 00:38:35,239 Speaker 1: they see it and I don't need the data to 676 00:38:35,400 --> 00:38:39,359 Speaker 1: tell me one way or the other. Um, Or maybe 677 00:38:39,400 --> 00:38:42,960 Speaker 1: they're skeptical of like, well, you know, maybe maybe it 678 00:38:43,080 --> 00:38:47,160 Speaker 1: works on the on webhead, but it really really work 679 00:38:47,200 --> 00:38:49,200 Speaker 1: as a TV show or movie. I mean, do you 680 00:38:49,320 --> 00:38:53,839 Speaker 1: encounter any skeptical something like that? I think naturally, when 681 00:38:53,880 --> 00:38:58,320 Speaker 1: you're innovating within a market, in a market that's already 682 00:38:58,360 --> 00:39:01,279 Speaker 1: being disrupted, I think you're always going to find people 683 00:39:01,280 --> 00:39:03,600 Speaker 1: who want to hold on to the way things were, 684 00:39:04,360 --> 00:39:06,640 Speaker 1: I think the most important thing, and this is why 685 00:39:06,719 --> 00:39:09,120 Speaker 1: we have such a great list of partners, you know, 686 00:39:09,960 --> 00:39:15,399 Speaker 1: from Eric five to U C P Too, Sony TV, 687 00:39:16,280 --> 00:39:21,560 Speaker 1: very fiction around the world is because that that moment 688 00:39:21,640 --> 00:39:25,880 Speaker 1: of resisting change I think is really in itself changing. 689 00:39:26,680 --> 00:39:30,080 Speaker 1: And look, more money is being spent on content than 690 00:39:30,160 --> 00:39:31,960 Speaker 1: ever before. It doesn't look like it's going to slow 691 00:39:32,040 --> 00:39:34,160 Speaker 1: down any time in the near future. In fact, is 692 00:39:34,160 --> 00:39:35,879 Speaker 1: going to accelerate to a pace that I don't think 693 00:39:35,880 --> 00:39:39,279 Speaker 1: any of us can concept some days. Um, but with 694 00:39:39,400 --> 00:39:42,680 Speaker 1: more money comes more risk, you know, is this streaming 695 00:39:42,719 --> 00:39:45,480 Speaker 1: wars really start to kick off. There's more to be 696 00:39:45,600 --> 00:39:47,520 Speaker 1: lost by some of the biggest players in the world. 697 00:39:47,680 --> 00:39:50,840 Speaker 1: And if we just keep going by people's gut feel 698 00:39:50,880 --> 00:39:53,279 Speaker 1: of oh I think this is a good story. Well, 699 00:39:53,640 --> 00:39:56,080 Speaker 1: you know, you're only good as your last story. And 700 00:39:56,400 --> 00:39:58,880 Speaker 1: if this one didn't work out, okay, well cares if 701 00:39:58,880 --> 00:40:02,319 Speaker 1: you're batting a thousand previous three. So what we're trying 702 00:40:02,360 --> 00:40:04,400 Speaker 1: to do is change that and get away from the 703 00:40:04,440 --> 00:40:06,880 Speaker 1: fact that we have to keep doing prequels and sequels 704 00:40:07,000 --> 00:40:10,399 Speaker 1: and pre sequels and reboots. And you know, we want 705 00:40:10,400 --> 00:40:12,000 Speaker 1: to see new I P. We want to see it 706 00:40:12,040 --> 00:40:14,880 Speaker 1: from diverse voices, We want to see it from points 707 00:40:14,920 --> 00:40:17,399 Speaker 1: of view that we don't get to see. And that's 708 00:40:17,440 --> 00:40:20,719 Speaker 1: what the audience is about. And and it's also why 709 00:40:20,760 --> 00:40:23,400 Speaker 1: I don't shift just a spreadsheet with some numbers to 710 00:40:23,480 --> 00:40:26,960 Speaker 1: anyone in the business. It's sitting down with our creative team, 711 00:40:27,080 --> 00:40:30,120 Speaker 1: understanding what you love, the ethos of storytelling you want 712 00:40:30,160 --> 00:40:32,400 Speaker 1: to be part of, and finding that match for you 713 00:40:32,400 --> 00:40:34,919 Speaker 1: a lot at it and saying, look, this is big, 714 00:40:35,040 --> 00:40:36,919 Speaker 1: and here are the reasons it's big. Here's the reasons 715 00:40:36,960 --> 00:40:39,440 Speaker 1: why it's important. Can you get behind that? But more 716 00:40:39,480 --> 00:40:43,040 Speaker 1: and more we're seeing that that conversation of oh, now 717 00:40:43,120 --> 00:40:45,520 Speaker 1: I can pick a story better than your audience can't. 718 00:40:45,840 --> 00:40:49,440 Speaker 1: It's changing because frankly, streaming is about audience like it 719 00:40:49,600 --> 00:40:51,920 Speaker 1: is the purest form of being able to test audience, 720 00:40:52,000 --> 00:40:54,400 Speaker 1: which you know has never really been there before. And 721 00:40:54,520 --> 00:40:59,359 Speaker 1: what we're giving those development executives, those writers, the directors, um, 722 00:41:00,040 --> 00:41:03,000 Speaker 1: the editors. Is a new tool. It's not taking away 723 00:41:03,040 --> 00:41:06,319 Speaker 1: their creative merit, their creative capability. I mean, we get 724 00:41:06,360 --> 00:41:08,480 Speaker 1: to work with some of the best creators in the world, 725 00:41:08,640 --> 00:41:12,879 Speaker 1: both on and off our platform UM, but it's given 726 00:41:12,880 --> 00:41:15,440 Speaker 1: them a new tool because you know, every screenwriter had 727 00:41:15,520 --> 00:41:17,359 Speaker 1: that moment where they didn't know whether to go left 728 00:41:17,440 --> 00:41:19,799 Speaker 1: or right in there in their own story. And if 729 00:41:19,800 --> 00:41:21,560 Speaker 1: all of a sudden we can go hey, I'm not 730 00:41:21,640 --> 00:41:23,480 Speaker 1: telling you definitely to go left, but I'm telling you 731 00:41:23,800 --> 00:41:27,920 Speaker 1: twenty million people really enjoyed when it went left. You know, 732 00:41:28,520 --> 00:41:32,480 Speaker 1: think about it, your story, lie, yeah, and you might 733 00:41:32,600 --> 00:41:35,920 Speaker 1: decide to go right anyways, but at least you know 734 00:41:36,160 --> 00:41:39,080 Speaker 1: that you're gonna have the audience a little upset at that, 735 00:41:39,239 --> 00:41:41,440 Speaker 1: and that's okay, you created some emotion. But it's it's 736 00:41:41,480 --> 00:41:43,480 Speaker 1: a new snow set of tools that have just never 737 00:41:43,600 --> 00:41:47,200 Speaker 1: been available, especially to producers who have never had access 738 00:41:47,239 --> 00:41:49,120 Speaker 1: to the data that you know, networks have had in 739 00:41:49,160 --> 00:41:53,000 Speaker 1: the so I think you know, as you said, you know, 740 00:41:53,040 --> 00:41:54,960 Speaker 1: we're still going to find people who go I don't know, 741 00:41:55,320 --> 00:41:58,000 Speaker 1: you know, ones and zeros. Is this really going to 742 00:41:58,080 --> 00:42:01,719 Speaker 1: help us? But when you start seeing past that, When 743 00:42:01,760 --> 00:42:04,040 Speaker 1: you start understanding that we're here to help and make 744 00:42:04,120 --> 00:42:07,560 Speaker 1: better decisions and find new storytelling from new diverse voices 745 00:42:07,600 --> 00:42:10,959 Speaker 1: around the world, skepticism is really started to wash away quickly. 746 00:42:11,400 --> 00:42:15,320 Speaker 1: M Now, Aaron, you mentioned you know, content spending on 747 00:42:15,480 --> 00:42:19,879 Speaker 1: content is just going to continue. And at the same time, 748 00:42:20,120 --> 00:42:23,480 Speaker 1: you know, we're in the middle of this um worldwide 749 00:42:23,560 --> 00:42:28,240 Speaker 1: health pandemic, and that has stopped production a lot of areas. 750 00:42:28,320 --> 00:42:31,439 Speaker 1: I mean, it's it's continuing in some geographies and it's 751 00:42:31,480 --> 00:42:35,120 Speaker 1: slowly reopening here in the US put in Canada. But 752 00:42:36,440 --> 00:42:38,920 Speaker 1: I mean has that, you know, slowed down your pipeline. 753 00:42:40,840 --> 00:42:46,200 Speaker 1: I think something really interesting happened during this past few 754 00:42:46,280 --> 00:42:51,919 Speaker 1: months for us. First of all, um people were stock 755 00:42:51,960 --> 00:42:55,480 Speaker 1: in their houses and they needed them a way to 756 00:42:57,560 --> 00:42:59,239 Speaker 1: kind of deal with what was going on. They needed 757 00:42:59,239 --> 00:43:02,640 Speaker 1: a moment of guitars for themselves, and it actually they 758 00:43:02,680 --> 00:43:06,399 Speaker 1: came to what pad. I mean, we saw increase in reading, 759 00:43:06,440 --> 00:43:09,360 Speaker 1: but a hundred and fifty increase in in writing happening. 760 00:43:09,920 --> 00:43:13,920 Speaker 1: So the first part of our pipeline was exceptionally healthy. 761 00:43:14,160 --> 00:43:16,720 Speaker 1: I mean we saw more stories being created, more often 762 00:43:16,880 --> 00:43:19,560 Speaker 1: by more people. I mean we were already even you 763 00:43:19,600 --> 00:43:21,879 Speaker 1: know before that we're adding almost a new user every 764 00:43:21,920 --> 00:43:26,719 Speaker 1: second of the day. So UM we really saw just 765 00:43:26,880 --> 00:43:29,239 Speaker 1: this massive amount of creativity coming. We saw our big 766 00:43:29,280 --> 00:43:34,240 Speaker 1: stories to get bigger. We saw you know, new subgenres 767 00:43:34,320 --> 00:43:37,800 Speaker 1: like quarantine and Romance come to come to bear. But 768 00:43:38,880 --> 00:43:43,920 Speaker 1: what had really gave the world away two express themselves 769 00:43:43,960 --> 00:43:45,520 Speaker 1: in a moment where it was really hard to connect 770 00:43:45,560 --> 00:43:49,200 Speaker 1: with people, and that engagement was with their audience online 771 00:43:49,280 --> 00:43:52,440 Speaker 1: and that that was really important for us. So the 772 00:43:52,520 --> 00:43:55,040 Speaker 1: first part of our pipeline was exceptionally healthy. But the 773 00:43:55,120 --> 00:44:01,400 Speaker 1: next thing that happened is for every actor, director, producer 774 00:44:01,560 --> 00:44:04,160 Speaker 1: who always says they want to read things, they all 775 00:44:04,160 --> 00:44:07,799 Speaker 1: of a sudden had time to read things. And when 776 00:44:07,840 --> 00:44:10,680 Speaker 1: you're sitting on one of the largest I P libraries 777 00:44:11,120 --> 00:44:13,759 Speaker 1: of all time in the history of the universe, we 778 00:44:13,840 --> 00:44:16,000 Speaker 1: can fulfill a lot of asks for people who want 779 00:44:16,040 --> 00:44:17,960 Speaker 1: to read. So we saw a huge jump in the 780 00:44:17,960 --> 00:44:20,440 Speaker 1: amount of development we got to be part of. UM 781 00:44:21,000 --> 00:44:23,480 Speaker 1: sent out more stories maybe than ever before in in 782 00:44:23,760 --> 00:44:28,560 Speaker 1: just this short time. UM and has kept the team 783 00:44:28,840 --> 00:44:32,720 Speaker 1: exceptionally busy in you know, taking the requests and finding 784 00:44:32,760 --> 00:44:35,959 Speaker 1: new stories that are important to our audience. Over this time, 785 00:44:36,040 --> 00:44:38,800 Speaker 1: so overall, I mean, you know, it is great to 786 00:44:38,800 --> 00:44:42,920 Speaker 1: see production coming back. UM. You know, it's it's important us. 787 00:44:42,960 --> 00:44:46,560 Speaker 1: You know, we just um earlier announced uh you know 788 00:44:46,719 --> 00:44:49,600 Speaker 1: the number three and four in the After series are 789 00:44:49,719 --> 00:44:55,120 Speaker 1: going to be shot soon as well. Um and uh 790 00:44:55,800 --> 00:44:58,920 Speaker 1: Voltage it's it's still working with Voltage on that we 791 00:44:59,040 --> 00:45:03,880 Speaker 1: worked with on movie too. Um. But uh, you know, 792 00:45:04,280 --> 00:45:07,520 Speaker 1: watching production comeback safely globally is super important to us. 793 00:45:07,560 --> 00:45:09,680 Speaker 1: But to know that, you know, as it comes up, 794 00:45:09,960 --> 00:45:11,560 Speaker 1: we've been able to see more and more of our 795 00:45:11,640 --> 00:45:15,719 Speaker 1: stories into development is really was a really kind of 796 00:45:15,840 --> 00:45:20,000 Speaker 1: interesting outcome from this pandemic that um you know came 797 00:45:20,040 --> 00:45:25,359 Speaker 1: to walk out mhm. Because studios and production companies we're 798 00:45:25,400 --> 00:45:29,520 Speaker 1: looking for products they could move forward with once they 799 00:45:29,640 --> 00:45:33,719 Speaker 1: could exactly exactly. And like I said, in a moment 800 00:45:33,760 --> 00:45:35,919 Speaker 1: where people all of a sudden had time to read, 801 00:45:35,960 --> 00:45:38,279 Speaker 1: everyone who said, oh, I want to read, but we're 802 00:45:38,320 --> 00:45:41,840 Speaker 1: too busy doing their day job. You know, we have 803 00:45:41,960 --> 00:45:46,280 Speaker 1: a billion uploads almost two start reaching into and finding 804 00:45:46,320 --> 00:45:49,680 Speaker 1: your next favorite story. And that quarantine romance you mentioned, 805 00:45:49,760 --> 00:45:52,960 Speaker 1: that's by the author of the Kissing Group. That's recals 806 00:45:53,680 --> 00:46:00,480 Speaker 1: one of the Lockdown Lane. Yeah. Uh we uh we're 807 00:46:00,520 --> 00:46:03,840 Speaker 1: actually yeah, lockdown on London Lane. She started writing it 808 00:46:04,040 --> 00:46:10,120 Speaker 1: during uh, obviously during the pandemic. Um, it's already a mass, 809 00:46:10,200 --> 00:46:12,600 Speaker 1: you know, hundreds of thousands of reads in like a 810 00:46:12,680 --> 00:46:15,120 Speaker 1: really short period of time, and we're lucky enough to 811 00:46:15,120 --> 00:46:19,239 Speaker 1: be working with her to publish it through what Pad Books. UMO. 812 00:46:19,360 --> 00:46:22,160 Speaker 1: So uh, that's a really great story to see Beth. 813 00:46:22,239 --> 00:46:26,040 Speaker 1: You had such success with um the Kissing both of 814 00:46:26,080 --> 00:46:27,680 Speaker 1: the published book, you know, when she started writing in 815 00:46:27,719 --> 00:46:29,440 Speaker 1: two thousand and eleven, which I think she was the 816 00:46:30,320 --> 00:46:32,000 Speaker 1: one of the youngest teams ever to get a multi 817 00:46:32,040 --> 00:46:34,920 Speaker 1: book deal, which was the Times top forty teens in 818 00:46:35,000 --> 00:46:37,520 Speaker 1: the world one year, all the way to see two 819 00:46:38,160 --> 00:46:40,200 Speaker 1: super hit movies on Netflix, and then to be able 820 00:46:40,239 --> 00:46:43,160 Speaker 1: to work with her again. Um. He shows just the 821 00:46:43,160 --> 00:46:45,200 Speaker 1: power of the community of what Pad and the faith 822 00:46:45,280 --> 00:46:48,359 Speaker 1: that our authors have in in helping, you know, take 823 00:46:48,400 --> 00:46:53,279 Speaker 1: their stories to new levels. Mhm um. So, and I'm 824 00:46:53,800 --> 00:46:57,720 Speaker 1: wondering how much do you personally read on what Pad 825 00:46:58,000 --> 00:47:01,759 Speaker 1: and UM, I mean do you read for enjoyment? UM? 826 00:47:02,800 --> 00:47:06,200 Speaker 1: Do you look at you know, are you sent a 827 00:47:06,560 --> 00:47:10,319 Speaker 1: subset of stuff to review kind of thing? Or how 828 00:47:10,360 --> 00:47:14,880 Speaker 1: do you work with um with all of this, I 829 00:47:14,960 --> 00:47:17,120 Speaker 1: will say, I'm never at a lack for material to 830 00:47:17,200 --> 00:47:21,200 Speaker 1: read when I need to, whether it be books, We've 831 00:47:21,280 --> 00:47:25,600 Speaker 1: published books, we're going to publish scripts, et cetera. Um. 832 00:47:26,239 --> 00:47:28,200 Speaker 1: You know, we have an amazing I have an amazing 833 00:47:28,280 --> 00:47:32,520 Speaker 1: content strategy team who is always diving into the nooks 834 00:47:32,560 --> 00:47:35,000 Speaker 1: and crannies of back Pad and finding you know, new 835 00:47:35,080 --> 00:47:38,520 Speaker 1: big stories and hidden gems. Um. But I always like 836 00:47:38,600 --> 00:47:40,399 Speaker 1: to do my own hunting. You know, I've I've been 837 00:47:40,400 --> 00:47:42,040 Speaker 1: a walk back for seven years. I have my own 838 00:47:42,080 --> 00:47:48,480 Speaker 1: tricks as well. Uh and Uh, I've read genres that 839 00:47:48,520 --> 00:47:50,160 Speaker 1: I never thought I would read before I came to 840 00:47:50,239 --> 00:47:52,560 Speaker 1: walk Pad that I'm in love with myself now, and 841 00:47:52,680 --> 00:47:54,840 Speaker 1: so I like to dive into the corners and and 842 00:47:55,040 --> 00:47:56,960 Speaker 1: find those next grade stories as well. I get to 843 00:47:57,000 --> 00:48:00,640 Speaker 1: bring them to our development meetings also. Um, but I'm 844 00:48:00,680 --> 00:48:03,640 Speaker 1: really fortunate that our content teams have spent so much 845 00:48:03,719 --> 00:48:06,239 Speaker 1: time so thoughtfully thinking about how we find content that 846 00:48:07,280 --> 00:48:10,040 Speaker 1: I am never at a loss for my Pad library 847 00:48:10,080 --> 00:48:13,000 Speaker 1: being full of great things to read. And I assume, 848 00:48:13,080 --> 00:48:15,279 Speaker 1: I mean, meanwhile, you have to stay up to date 849 00:48:15,400 --> 00:48:19,400 Speaker 1: on what's happening in the entertainment industry at large. You know, 850 00:48:19,440 --> 00:48:23,080 Speaker 1: I mean, have you seen Tenant, For example, I have 851 00:48:23,239 --> 00:48:26,239 Speaker 1: not seen Tenant yet. Um. I have not made it 852 00:48:26,280 --> 00:48:30,239 Speaker 1: out to a theater yet, unfortunately. Uh, but I'm planning to. 853 00:48:30,880 --> 00:48:34,080 Speaker 1: Hopefully next week I have a little more time. My 854 00:48:34,160 --> 00:48:37,680 Speaker 1: daughter gets to go back to school. Um. But yeah, Look, 855 00:48:37,719 --> 00:48:40,080 Speaker 1: I'm always abreast of what's going on in the industry, 856 00:48:40,120 --> 00:48:42,120 Speaker 1: and it's the most fun part of my job is 857 00:48:42,320 --> 00:48:46,080 Speaker 1: you know, I get to spend my morning reading, my 858 00:48:46,160 --> 00:48:50,240 Speaker 1: afternoon watching film, and my evening watching series. And sometimes 859 00:48:50,320 --> 00:48:52,640 Speaker 1: it's two books in one series, or three films and 860 00:48:52,719 --> 00:48:55,719 Speaker 1: no series. But um, I think it's one of the 861 00:48:55,760 --> 00:48:58,279 Speaker 1: interesting that's only what Pad Studios is doing. I mean, 862 00:48:58,760 --> 00:49:02,880 Speaker 1: we are thinking about the entire ecosystem of what entertains 863 00:49:02,960 --> 00:49:06,440 Speaker 1: human beings, not just film, not just TV, not just books, 864 00:49:06,600 --> 00:49:09,120 Speaker 1: not just games, not just podcasts. But how do those 865 00:49:09,160 --> 00:49:12,560 Speaker 1: all fit fit together around Well, I think it's going 866 00:49:12,640 --> 00:49:15,560 Speaker 1: to be maybe the most important term in content from 867 00:49:15,600 --> 00:49:19,360 Speaker 1: here on out, which is story world. Right, It's no 868 00:49:19,480 --> 00:49:21,719 Speaker 1: longer good enough just to have a hit film. It's 869 00:49:21,719 --> 00:49:23,480 Speaker 1: no longer good enough to have a couple of seasons 870 00:49:23,520 --> 00:49:26,000 Speaker 1: of a series. You have to find more ways to 871 00:49:26,120 --> 00:49:29,520 Speaker 1: keep fandoms engaged, and it has to be bigger than 872 00:49:29,560 --> 00:49:31,400 Speaker 1: just a franchise. There has to be a world built 873 00:49:31,440 --> 00:49:33,040 Speaker 1: around it. And that's what we think about it all day. 874 00:49:33,640 --> 00:49:36,160 Speaker 1: And it's not just that the way it I mean 875 00:49:36,200 --> 00:49:39,239 Speaker 1: the way it used to be. Write a book, find 876 00:49:39,280 --> 00:49:42,640 Speaker 1: an agent, get it published, get it picked up for 877 00:49:42,840 --> 00:49:45,520 Speaker 1: film or TV, and you know, seven years later there's 878 00:49:45,520 --> 00:49:47,439 Speaker 1: a film. We have a lot of books that will 879 00:49:47,920 --> 00:49:50,680 Speaker 1: hit a screen before it got a publishing deal, before 880 00:49:50,719 --> 00:49:53,000 Speaker 1: we published it. We'll have a lot of that will 881 00:49:53,040 --> 00:49:56,279 Speaker 1: go to be a game before it was a film. 882 00:49:56,360 --> 00:49:58,440 Speaker 1: Like so we don't have to think about things in 883 00:49:58,560 --> 00:50:00,440 Speaker 1: order anymore. What pad we have to think about the 884 00:50:00,520 --> 00:50:03,640 Speaker 1: right way to tell a story. And because we're focused 885 00:50:03,680 --> 00:50:06,440 Speaker 1: on story world, um, we really have to have a 886 00:50:06,480 --> 00:50:09,560 Speaker 1: heartbeat of what's going on in entertainment literally around the world, 887 00:50:09,840 --> 00:50:13,160 Speaker 1: not just entertainment. I should say what entertains me mm hmm. 888 00:50:14,120 --> 00:50:17,320 Speaker 1: What's what's a good example or what's maybe the optimal 889 00:50:17,480 --> 00:50:23,000 Speaker 1: example of story world in your opinion? Um, I mean, 890 00:50:23,080 --> 00:50:26,360 Speaker 1: look After, it's really hard to argue that After is 891 00:50:26,400 --> 00:50:29,400 Speaker 1: in a complete world unto itself. Uh, it's a universe 892 00:50:29,440 --> 00:50:32,279 Speaker 1: that could be explored in a million different ways. And 893 00:50:32,560 --> 00:50:34,320 Speaker 1: Anton Tood has done a phenomenal job that. You know, 894 00:50:34,360 --> 00:50:37,919 Speaker 1: you're talking about seven books in the series, selling tens 895 00:50:37,960 --> 00:50:40,399 Speaker 1: of millions of copies in print around the world. You're 896 00:50:40,440 --> 00:50:43,719 Speaker 1: talking about a fandom that's created more fan art than 897 00:50:43,760 --> 00:50:46,560 Speaker 1: you could ever get your head around. You're talking about 898 00:50:46,719 --> 00:50:48,799 Speaker 1: you know, one of the biggest in new movies last 899 00:50:48,880 --> 00:50:51,680 Speaker 1: year and now really one of the number one releases 900 00:50:51,760 --> 00:50:55,359 Speaker 1: this year already. Um, you know, and like I said, 901 00:50:55,520 --> 00:50:58,320 Speaker 1: selling out all its pre sales and ahead of Tenant 902 00:50:58,400 --> 00:51:00,840 Speaker 1: and New Mutants in a lot of places. Um, with 903 00:51:01,000 --> 00:51:04,200 Speaker 1: two more movies coming. Then you know, the work that 904 00:51:04,280 --> 00:51:09,279 Speaker 1: she's done on merchandizing and herself becoming um, you know, 905 00:51:09,680 --> 00:51:12,200 Speaker 1: as big Anatad is as big as her story. I mean, 906 00:51:12,280 --> 00:51:14,200 Speaker 1: if you look at how she works with her fandom, 907 00:51:14,480 --> 00:51:16,400 Speaker 1: how much they respect her and listen to her and 908 00:51:16,440 --> 00:51:18,360 Speaker 1: look up to her. I mean, that is just a 909 00:51:18,440 --> 00:51:21,959 Speaker 1: perfect example of of an author to understands story world 910 00:51:22,000 --> 00:51:25,239 Speaker 1: and hopefully us as partners with her helping to create that. 911 00:51:26,160 --> 00:51:30,120 Speaker 1: But I'm thinking also a non wad Pad franchise is 912 00:51:30,200 --> 00:51:34,360 Speaker 1: I mean Marvel or DC Universe. I think there's that 913 00:51:34,520 --> 00:51:40,319 Speaker 1: really famous uh drawing that you know, it's a story 914 00:51:40,440 --> 00:51:45,120 Speaker 1: from a Harvard Business h article a few years back. 915 00:51:45,239 --> 00:51:47,160 Speaker 1: You know, some went down to the archives of Disney 916 00:51:47,200 --> 00:51:50,840 Speaker 1: and found, you know, Disney's original drawing of how we 917 00:51:50,920 --> 00:51:53,440 Speaker 1: wanted to build his empire. And over here is a 918 00:51:53,520 --> 00:51:57,279 Speaker 1: theme park and merchandizing and film and TV and there's 919 00:51:57,280 --> 00:51:59,160 Speaker 1: all these arrows criss crossing ever, but in the center 920 00:51:59,239 --> 00:52:03,520 Speaker 1: of it is creators. And you know, we really take 921 00:52:03,640 --> 00:52:06,760 Speaker 1: that kind of model to heart, right. You know, Disney 922 00:52:06,800 --> 00:52:10,040 Speaker 1: may have drawn that, you know, X decades ago, but 923 00:52:10,600 --> 00:52:13,520 Speaker 1: for us, being centered around creators, being centered around the 924 00:52:13,560 --> 00:52:16,920 Speaker 1: story world is what's going to be successful. So you know, 925 00:52:17,040 --> 00:52:19,640 Speaker 1: you can look at Disney, of course and said they 926 00:52:19,680 --> 00:52:23,759 Speaker 1: have done it in in multiple ways over time, but 927 00:52:23,920 --> 00:52:27,320 Speaker 1: it's really because keeping those creators at the core of 928 00:52:27,360 --> 00:52:29,920 Speaker 1: what you do is what allows you to work with 929 00:52:30,000 --> 00:52:32,480 Speaker 1: the story world instead of just the output of a 930 00:52:32,520 --> 00:52:35,480 Speaker 1: story world. That's always going to be the most important 931 00:52:35,480 --> 00:52:37,359 Speaker 1: thing to us as a studio is you know, how 932 00:52:37,400 --> 00:52:40,360 Speaker 1: are we working with our creators, are writers and further 933 00:52:40,480 --> 00:52:43,480 Speaker 1: in their career to help build out worlds that you know, 934 00:52:43,640 --> 00:52:48,000 Speaker 1: even we haven't thought of yet. Aaron Livett's work Pad Studios, 935 00:52:48,080 --> 00:52:50,560 Speaker 1: Thank you so much, Thanks so much for having me 936 00:52:50,600 --> 00:52:59,560 Speaker 1: to I loved it. This has been another episode of 937 00:52:59,640 --> 00:53:02,440 Speaker 1: Strict Lead Business. Tune in next week for another helping 938 00:53:02,520 --> 00:53:06,239 Speaker 1: of scintillating conversation with media movers and shakers, and please 939 00:53:06,280 --> 00:53:09,720 Speaker 1: make sure you subscribe to the podcast to hear future episodes. Also, 940 00:53:10,040 --> 00:53:12,680 Speaker 1: leave a review in Apple Podcasts and let us know 941 00:53:12,960 --> 00:53:13,560 Speaker 1: how we're doing