WEBVTT - Study Hall: Media's Future: Is It Game Over for Streaming Services? 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.840 border and families will be protected. 0:00:57.920 --> 0:01:00.000 Sponsored by the United States Department of Homeland Security. 0:01:00.200 --> 0:01:07.600 Let's talk about Charlemagne the God HM shout out Charlomagne 0:01:07.680 --> 0:01:11.440 the God Show. So it's what do you think of 0:01:11.600 --> 0:01:17.280 Charlemagne's prediction that media companies are dying in this era 0:01:18.120 --> 0:01:24.160 and there will eventually only be two main streaming companies 0:01:24.200 --> 0:01:26.399 that will remain after the collapse. 0:01:27.720 --> 0:01:28.759 Yeah, this is something him. 0:01:28.600 --> 0:01:31.399 And show has talked about on Brilliant Idiots, and I 0:01:31.560 --> 0:01:35.680 posted it this past weekend. Going back to the actors strike, 0:01:35.800 --> 0:01:38.800 I think one of the things that is not talked 0:01:38.800 --> 0:01:43.080 about enough and that they brought up is that the 0:01:43.120 --> 0:01:46.400 profitability is not there how everyone thinks. I know Joe, 0:01:46.480 --> 0:01:49.800 when he was in the spotiations, he asked a brilliant 0:01:49.880 --> 0:01:52.040 question that never got answered, which was what is the 0:01:52.120 --> 0:01:57.240 value of a stream? And Spotify never gave that answer 0:01:57.800 --> 0:01:59.680 for a multitude of reasons. I think a lot of 0:01:59.680 --> 0:02:03.960 these companies are in a bad position because they are 0:02:03.960 --> 0:02:06.880 not as profitable and they just spend too much money 0:02:06.880 --> 0:02:09.000 on content, Like it's a horrible model to make a 0:02:09.040 --> 0:02:12.079 show for one hundred million dollars and expected to make 0:02:12.120 --> 0:02:14.440 the money back fourteen dollars or nine dollars at a time. 0:02:15.280 --> 0:02:16.679 I don't know if there will be two. 0:02:18.320 --> 0:02:20.480 Players only, but I think there will be a big four, 0:02:20.600 --> 0:02:23.799 as there is in most businesses. I think it'll eventually 0:02:23.880 --> 0:02:28.519 just be Apple, Netflix, Hulu and maybe one player. 0:02:28.560 --> 0:02:31.440 But like this proliferation of a whole bunch of streaming apps. 0:02:32.080 --> 0:02:34.000 The margins are not there, and we see it as 0:02:34.040 --> 0:02:38.679 reflective in Disney wanting to get rid of ESPN that're 0:02:38.720 --> 0:02:41.440 making Leus Star Wars content. They want to get rid 0:02:41.480 --> 0:02:45.160 of Marvel. So if you're telling me that the best 0:02:45.160 --> 0:02:49.919 media brand in American history is selling off arguably one 0:02:49.919 --> 0:02:53.640 of the best sports brands, the best cartoon brand, and 0:02:53.639 --> 0:02:56.079 the best sci fi brand, you can't tell me the 0:02:56.120 --> 0:02:58.600 Spotify is fucking crushing it. 0:02:58.600 --> 0:02:59.640 It's impossible. 0:03:00.040 --> 0:03:04.320 And it's a conversation that, like we've had before, and 0:03:04.560 --> 0:03:06.720 I always ask the question if I was given one 0:03:06.720 --> 0:03:10.120 point two billion dollars to build a podcast division and 0:03:10.160 --> 0:03:12.040 the only hit I got out of it was Joe 0:03:12.080 --> 0:03:16.800 Rogan and Will Smith did twelve episodes and Megan and 0:03:16.840 --> 0:03:20.720 Harry did fifteen episodes and then they just walked off. 0:03:20.720 --> 0:03:23.720 How Rick Ross did on eighty five South, what would 0:03:23.760 --> 0:03:27.000 I be called? And it was just some kind of 0:03:27.000 --> 0:03:29.079 blunder for Daniel at Spotify. And I don't have any 0:03:29.120 --> 0:03:32.200 issue with day. I think he's an amazing CEO. But 0:03:32.320 --> 0:03:34.480 I think the truth is going to be told and 0:03:34.560 --> 0:03:36.760 maybe a year or two about the majority of these 0:03:36.800 --> 0:03:39.760 media companies, and I keep saying that. I ask you guys, 0:03:39.880 --> 0:03:43.560 as Charlotte Maine, that's Joe shows how many people may 0:03:43.680 --> 0:03:44.840 are making a million. 0:03:44.640 --> 0:03:48.200 Dollars more from podcasting or media. Not many. 0:03:48.680 --> 0:03:53.120 If the numbers were so insane that a talent was 0:03:53.200 --> 0:03:55.800 drawn in forty and fifty million dollars a year from 0:03:55.800 --> 0:03:58.560 that show, it'll be easy to pay him a million dollars. 0:03:58.720 --> 0:04:00.360 The reason why there aren't a lot of making a 0:04:00.400 --> 0:04:02.040 million dollars plus in the space. 0:04:01.840 --> 0:04:03.440 Is because they don't draw that much value. 0:04:03.960 --> 0:04:06.120 And I think we're seeing it as scale as we 0:04:06.160 --> 0:04:09.280 are in a recession that they will not announce the 0:04:09.320 --> 0:04:12.040 most media properties are not doing as well as we think. 0:04:13.920 --> 0:04:17.000 Uh Man, that was well said. That was well said. 0:04:17.680 --> 0:04:20.880 He's onto something and he's pretty accurate when when I 0:04:20.880 --> 0:04:23.560 looked at it from in terms of it's like the 0:04:23.640 --> 0:04:26.760 jay Z line, less is more right. So when we 0:04:26.800 --> 0:04:30.240 watched Bob Iger speak, if you read it between the lines, 0:04:30.240 --> 0:04:32.120 he's telling you the same thing. Less is morse when 0:04:32.120 --> 0:04:36.440 he's saying like, yes, Pixar, we've missed. If we're gonna 0:04:36.440 --> 0:04:38.720 be honest, we've missed on a bunch of movies. We're 0:04:38.720 --> 0:04:42.400 gonna cut back on making those movies. Right, we had 0:04:42.560 --> 0:04:44.960 Star Wars and you know, Lucas Films put out the 0:04:45.000 --> 0:04:46.279 Knee Jones movie. 0:04:47.080 --> 0:04:48.080 It didn't hit like we thought. 0:04:48.200 --> 0:04:49.560 I didn't even know it came out. 0:04:51.440 --> 0:04:53.279 It didn't hit like they thought it would. All right, 0:04:53.320 --> 0:04:54.440 well we've got to scale back. 0:04:54.440 --> 0:04:56.920 But I think the Marvel thing is the biggest one 0:04:56.960 --> 0:04:59.360 because it was like, Okay, the movies did so well, 0:04:59.400 --> 0:05:02.200 and that was leading up to the pandemic. But then 0:05:02.640 --> 0:05:05.719 they started putting out shows that nobody watched. So we 0:05:05.839 --> 0:05:09.120 have to cut back. The problem is that Disney's won. 0:05:09.200 --> 0:05:12.200 But I mean all these streaming services Netflix, even to 0:05:12.200 --> 0:05:16.920 a certain extent, they're they're accumulating debt with no real 0:05:17.480 --> 0:05:20.560 concrete strategy of how to accumulate more revenue. 0:05:21.360 --> 0:05:22.920 And that's that's the real issue, right. 0:05:22.920 --> 0:05:25.640 So like when when Ires talking about, hey, yeah we 0:05:25.680 --> 0:05:28.400 have ESPN, but you know these contracts that we have 0:05:28.480 --> 0:05:31.279 with these leagues, they cost billions. How are we going 0:05:31.320 --> 0:05:33.160 to pay for it? How do we keep them and 0:05:33.200 --> 0:05:36.320 paid for it? And so reading between that is like, now, 0:05:36.440 --> 0:05:39.039 who is the company that is going to partner to 0:05:39.160 --> 0:05:42.320 purchase ESPN to have those rights, because I'm sure they'll 0:05:42.320 --> 0:05:45.640 I'm sure Disney will want to stay involved in it somehow, 0:05:45.880 --> 0:05:49.039 right because they own ABC and they caick and broadcast nationally. 0:05:49.760 --> 0:05:52.920 So who becomes that Does it become an apple to say, okay, 0:05:53.040 --> 0:05:55.320 we'll partner, we'll we'll take the sports division, we'll take 0:05:55.480 --> 0:05:58.840 ESPN and we'll figure this out. Or and this was 0:05:58.880 --> 0:06:00.880 an interesting one and I didn't even think of it. 0:06:01.760 --> 0:06:06.400 What if a company like Fanatics decides that we are 0:06:06.440 --> 0:06:10.560 now your sports partner. They already have the merchandising, yes, 0:06:10.920 --> 0:06:13.359 but they don't have the network to do TV. 0:06:13.800 --> 0:06:16.039 But what if you can bomb both of them? 0:06:16.360 --> 0:06:18.279 Now it becomes interesting. And so we talked about Michael 0:06:18.279 --> 0:06:20.760 Woman all the time. We've watched the networth of his 0:06:20.839 --> 0:06:22.920 company grow. We watched a girl from two billion to 0:06:23.000 --> 0:06:26.080 six billion. Now I think it's evaluated like twenty eight billion. 0:06:26.880 --> 0:06:29.200 What if they now decide to partner because they already 0:06:29.200 --> 0:06:33.000 have licensing deals with all the leagues for the merchandising. Now, 0:06:33.120 --> 0:06:36.039 what if we package the lyrigandizing with the TV rights? 0:06:36.480 --> 0:06:38.160 That becomes super interesting. 0:06:38.520 --> 0:06:40.560 Great, you got a crystal ball. Great minds thinking like 0:06:40.640 --> 0:06:42.880 you know, when they had that party. The first thing 0:06:42.920 --> 0:06:45.640 I thought, this looks like the title rollout from ten 0:06:45.760 --> 0:06:49.440 years ago. How do you get jay z lebron meek, 0:06:49.600 --> 0:06:53.680 little baby getting hug from behind Paul's right to get 0:06:53.720 --> 0:06:56.599 all those people in the same room at the same time. 0:06:56.720 --> 0:06:58.600 You think they was there just to drink do s. 0:07:00.080 --> 0:07:02.599 I'm like, damn, this looks like the title rollout but better. 0:07:03.880 --> 0:07:08.479 And Jay's already infiltrated and took over sports. Robinson could 0:07:08.560 --> 0:07:10.080 know you come up with me, he told y'all ten 0:07:10.160 --> 0:07:14.119 years ago. Good put out the book A hole and say, Okay, 0:07:14.280 --> 0:07:16.960 what would be best? Find a way for your talent 0:07:17.000 --> 0:07:19.400 to be on TV that you own or network that 0:07:19.440 --> 0:07:20.200 you own all the time. 0:07:20.200 --> 0:07:21.560 I think it would be the next evolution. 0:07:22.080 --> 0:07:25.400 So I definitely agree while everything is in recession, and 0:07:25.440 --> 0:07:28.600 the other issue we don't have enough people that want 0:07:28.600 --> 0:07:30.800 to be consumers when everybody wants to be a star. 0:07:33.000 --> 0:07:36.000 Well, I think that also, it's a new age of media. 0:07:36.240 --> 0:07:39.800 I think, like, who's really watching movies at a fast 0:07:39.840 --> 0:07:42.080 paced these days? Like people? I know some people are 0:07:42.120 --> 0:07:44.520 still to watch movies, but the vast majority I'm I'm 0:07:44.560 --> 0:07:47.920 on my phone, I'm not really watching movies. So many 0:07:47.960 --> 0:07:50.600 movies come out on Netflix that I've never seen, or 0:07:50.880 --> 0:07:54.559 they come out on these weird streaming services to tube 0:07:55.880 --> 0:07:57.400 not ain't even to be But I mean, let's just 0:07:57.400 --> 0:07:59.760 be honest. Have you ever watched anything on Apple Plus? 0:08:00.040 --> 0:08:02.560 Shot to Steph Curry's documentary just came up? But I 0:08:02.680 --> 0:08:05.080 have to know it just is what it is. 0:08:05.280 --> 0:08:07.440 I watched one interview with Oprah on there. 0:08:07.680 --> 0:08:10.600 I've never watched one thing on Apple Plus. I probably 0:08:10.600 --> 0:08:12.000 watched two things on Hulu. 0:08:12.480 --> 0:08:13.880 Is on Apple Plus or No? 0:08:14.440 --> 0:08:15.920 You know you said you don't consume TV. 0:08:15.800 --> 0:08:17.920 Though, but I'm just saying I don't know anybody. I'm 0:08:17.920 --> 0:08:20.600 still I'm in the loop. Nobody's watching Apple Plus. 0:08:20.600 --> 0:08:23.320 People are watching Apple Plus. You don't consume it. 0:08:23.400 --> 0:08:25.480 But we're gonna be honest. So we're just gonna be people. 0:08:25.560 --> 0:08:30.360 I'm gonna tell you no, honest, honestly our people is 0:08:30.400 --> 0:08:31.000 it Netflix? 0:08:31.160 --> 0:08:31.320 No? 0:08:31.720 --> 0:08:34.079 But people are consuming the contest. Do you know anybody 0:08:34.120 --> 0:08:35.960 that watches Apple Plus on a regular you know me? 0:08:37.440 --> 0:08:39.800 No, that's not that's not a fair assessment. I know you, 0:08:39.800 --> 0:08:41.880 you know me, I've watched content on that. 0:08:42.240 --> 0:08:44.400 Everybody is fudging the numbers and streaming. 0:08:45.240 --> 0:08:45.920 That's true too. 0:08:47.040 --> 0:08:48.320 It's not passing the eye text. 0:08:48.520 --> 0:08:50.640 Both things are not passing it. Both things are true. 0:08:50.760 --> 0:08:53.360 It's not passing, Like you said, just get cost money 0:08:53.400 --> 0:08:56.480 to produce these things. There's movies, these documentaries. He shows 0:08:56.480 --> 0:08:59.280 it costs money to produce. It's going on on these 0:08:59.440 --> 0:09:02.080 these streamings services that's behind a paywall. At least on 0:09:02.120 --> 0:09:04.319 YouTube you can see numbers. They might be inflated, but 0:09:04.360 --> 0:09:06.800 at least you can see the numbers. Like Revolt. I'm 0:09:06.800 --> 0:09:08.920 not sure how many people actually watch Revault on TV, 0:09:09.080 --> 0:09:11.640 but you can see the numbers on YouTube. Drink Champs, 0:09:11.720 --> 0:09:14.160 Tony Yayo's just three million views in three days, like 0:09:14.360 --> 0:09:16.880 shout out to Revolt. As so Reliability Season three comes 0:09:16.920 --> 0:09:21.720 out shameless pluck. But all I'm saying is that I 0:09:21.720 --> 0:09:26.440 think it's just a new age of media and I 0:09:26.480 --> 0:09:32.040 think low costing content. This is why you know, high quality, 0:09:32.040 --> 0:09:33.880 this is why, this is why the podcast scene has 0:09:33.920 --> 0:09:38.160 really taken off. It's low costing content. It's easy to produce, 0:09:38.240 --> 0:09:40.199 it's easy to put out. And I think that you know, 0:09:40.679 --> 0:09:43.640 content has become like music. Before music meant a lot, 0:09:44.040 --> 0:09:46.320 and you had an album and you would sit with 0:09:46.360 --> 0:09:49.960 that album for six months. Now Gunna comes out with 0:09:50.000 --> 0:09:52.719 a song and then Takashi six nine comes out with 0:09:52.760 --> 0:09:55.160 a song with Kodak Black three days later. It's just 0:09:55.320 --> 0:09:58.800 this is so disposable. It's so disposable. That's how content is. 0:09:58.840 --> 0:10:00.959 Content is like Drake doesn't interview in bed with the 0:10:01.000 --> 0:10:04.000 TikTok girl, and then Elliott Wilson he's going back and 0:10:04.040 --> 0:10:06.920 forth with Drake the next week. It's just like it's 0:10:07.040 --> 0:10:09.440 just like you got it. It's so disposable, like the 0:10:09.440 --> 0:10:13.360 content and Dames Dame dash warned does shout the Dane 0:10:13.600 --> 0:10:16.880 when Dame on the Breakfast Club ten years ago, and 0:10:16.920 --> 0:10:20.520 he was very insightful conversation that he had and that's 0:10:20.559 --> 0:10:22.560 when he was he was telling Mvy then like yo, 0:10:22.640 --> 0:10:24.400 you don't own this, and then MVY was like, I 0:10:24.480 --> 0:10:26.959 own I own a stock in the company. I don't 0:10:26.960 --> 0:10:28.600 even think the company's publicly trade. I'm not sure he 0:10:28.640 --> 0:10:33.280 owned stocks. Yeah, it was that was difficult. That's difficult 0:10:33.280 --> 0:10:38.520 for him to do. But it was just a difficult thing. 0:10:39.480 --> 0:10:42.760 But the thing about it is that the thing about 0:10:42.800 --> 0:10:48.960 it is that you have to you have to read 0:10:49.000 --> 0:10:49.800 the tea leaves. 0:10:50.320 --> 0:10:50.880 This is true. 0:10:50.920 --> 0:10:53.800 You have to read the tea leaves. And Charlemagne was 0:10:53.800 --> 0:10:56.480 smart enough to read the tea leaves. He started not 0:10:56.520 --> 0:10:59.560 only his podcast, that he's done, but he starts to black. 0:11:00.960 --> 0:11:03.199 This episode is brought to you by P and C Bank. 0:11:03.559 --> 0:11:06.360 A lot of people think podcasts about work are boring, 0:11:06.559 --> 0:11:10.400 and sure they definitely can be, but understanding a professionals 0:11:10.480 --> 0:11:13.720 routine shows us how they achieve their success little by little, 0:11:14.120 --> 0:11:17.760 day after day. 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Under President Trump, attempted illegal border 0:13:19.360 --> 0:13:22.920 crossings are at the lowest levels ever recorded, and over 0:13:22.960 --> 0:13:26.200 one hundred thousand illegal aliens have been arrested. If you 0:13:26.280 --> 0:13:30.120 are here illegally, your next you will be fine nearly 0:13:30.200 --> 0:13:34.240 one thousand dollars a day, imprisoned and deported, you will 0:13:34.240 --> 0:13:37.880 never return. But if you register using our CBP home 0:13:37.960 --> 0:13:41.319 app and leave now, you could be allowed to return legally. 0:13:41.679 --> 0:13:46.439 Do what's right, leave now. Under President Trump America's laws, 0:13:46.600 --> 0:13:49.040 border and families will be protected. 0:13:49.160 --> 0:13:51.240 Sponsored by the United States Department of Homeland Security. 0:13:51.360 --> 0:13:55.000 So that podcast network, right, this makes sense because now 0:13:55.040 --> 0:13:57.840 you go into the lane of where media is headed. 0:13:58.520 --> 0:14:00.880 So it'll be interesting to see where where media plays 0:14:00.920 --> 0:14:02.560 over the next ten years. But I just feel like 0:14:03.160 --> 0:14:05.240 a lot of peoples wasting a lot of money these 0:14:05.280 --> 0:14:09.200 streaming services. Nobody's watching them. And yeah, it's just it's 0:14:09.200 --> 0:14:10.280 not a good business model. 0:14:10.480 --> 0:14:13.200 So you agreeing with what all you're saying, He's saying 0:14:13.200 --> 0:14:16.120 the same exact thing. Less, it's more like, we messed 0:14:16.120 --> 0:14:18.680 this up. How are we going to fix this? Here's 0:14:18.679 --> 0:14:20.520 how we've got to stop doing this. 0:14:20.520 --> 0:14:23.440 This isn't making any money. We overshot this. 0:14:23.600 --> 0:14:27.920 There's nobody's watching she hok, no disrespect, but nobody's watching it. Right, 0:14:28.040 --> 0:14:29.800 You can put out there, nobody's watching it. 0:14:29.920 --> 0:14:30.080 Right. 0:14:30.080 --> 0:14:32.600 It used to be like, hey, if we create these characters. 0:14:32.400 --> 0:14:34.920 Then they do well in the endgame and then we 0:14:34.920 --> 0:14:36.840 can give them their own individual series. 0:14:37.640 --> 0:14:38.400 And that might have. 0:14:38.440 --> 0:14:41.000 Worked for one or two, but some of these characters 0:14:41.760 --> 0:14:43.120 there's no investment in them. 0:14:43.240 --> 0:14:44.440 Right then they put it It. 0:14:44.400 --> 0:14:46.160 Didn't work on the streaming, so they put it on 0:14:46.240 --> 0:14:50.040 ABC and start you started seeing Agent Shield on. 0:14:50.400 --> 0:14:51.720 What is that it's going? 0:14:51.840 --> 0:14:55.560 Because nobody there's no investment there, so they overdid it 0:14:55.560 --> 0:14:56.240 so less it's more. 0:14:56.920 --> 0:15:00.640 And of course when you didn't watch the Agent Child, No, 0:15:00.760 --> 0:15:04.040 absolutely no, this show is terrible, shout who's on the show. 0:15:04.280 --> 0:15:07.280 But but like when you are not having it's too 0:15:07.320 --> 0:15:11.280 many suits in the creative business that is not looking 0:15:11.360 --> 0:15:14.040 to make great creative and of course, like you have 0:15:14.080 --> 0:15:17.400 to judge a business like how can it thrive? And 0:15:17.400 --> 0:15:20.120 and an economy when people don't have a surplus of money. 0:15:20.120 --> 0:15:23.480 In twenty eighteen, twenty nineteen, twenty twenty, up until March, 0:15:23.560 --> 0:15:27.760 everyone thought everything was fine. Always calibrate to see, okay, great, 0:15:27.800 --> 0:15:31.080 how well will things do if the market drives up 0:15:31.120 --> 0:15:32.440 and people don't have as much money? 0:15:32.640 --> 0:15:33.160 Number two? 0:15:33.960 --> 0:15:35.960 Once again, like Rashata said, the costs for these shows 0:15:35.960 --> 0:15:39.200 with you damn high, so like you have to find 0:15:39.280 --> 0:15:41.760 everything is a hedge fund business. Like as soon as 0:15:41.960 --> 0:15:45.920 I saw Pat McAfee get brought over the ESPN, I'm like, 0:15:46.480 --> 0:15:49.200 I wonder how much the betting will go up because 0:15:49.200 --> 0:15:52.280 he's a player that can call things on the fly 0:15:52.520 --> 0:15:54.960 in real time, that can make people money. As soon 0:15:55.000 --> 0:15:57.440 as I saw Romo say hey, this is the play 0:15:57.480 --> 0:15:59.360 they're going to run and people start betting on it, 0:15:59.520 --> 0:16:00.680 that's the head truck business. 0:16:01.800 --> 0:16:03.240 It's all about risk to reward. 0:16:03.400 --> 0:16:06.120 Like if I paid ten dollars for content, can I 0:16:06.120 --> 0:16:08.240 get one hundred dollars out of it? It's really hard 0:16:08.240 --> 0:16:11.960 to make up a three hundred million dollar movie fifteen 0:16:12.040 --> 0:16:13.680 dollars or seven dollars at a time. 0:16:13.720 --> 0:16:15.960 It's stamn near impossible to do. So. 0:16:16.440 --> 0:16:20.280 Hollywood is a place where there is a tremendous amount 0:16:20.280 --> 0:16:22.800 of waste. It's a bad business model. They waste money. 0:16:23.960 --> 0:16:26.040 There's too many people with their hands in the pot, 0:16:26.360 --> 0:16:31.920 they take too long, there's too many gatekeepers, and that's 0:16:31.920 --> 0:16:34.120 what they don't strike now. Like technology is going to 0:16:34.160 --> 0:16:36.080 replace job no matter how, no matter what they try 0:16:36.080 --> 0:16:37.200 to do with the strike and try to put the 0:16:37.280 --> 0:16:40.280 language in. You can't. You can't erase AI. It's here 0:16:40.320 --> 0:16:46.240 to stay. So the whole idea of Hollywood is fading away. 0:16:46.280 --> 0:16:49.320 It's actually it's a bad business model that's dying. And 0:16:51.560 --> 0:16:54.040 the student they realize that the better off they'll be, 0:16:54.360 --> 0:16:56.880 they're trying to save. They're trying to save the golden 0:16:56.920 --> 0:17:00.240 age of Hollywood. It's over Lea through a weapon. 0:17:02.200 --> 0:17:02.440 Movie. 0:17:02.600 --> 0:17:05.359 It's no, I'm saying that that's never gonna happen like 0:17:05.400 --> 0:17:06.480 those are. 0:17:07.920 --> 0:17:10.439 It's over like they're trying to do it. 0:17:10.640 --> 0:17:13.560 They trying to do. How much money they spent like something, 0:17:13.600 --> 0:17:16.439 how much money they spend on Barbie? Huge that budget 0:17:16.520 --> 0:17:19.280 is it's not passing the eye test? Did one fifty five? 0:17:19.720 --> 0:17:25.320 They spent a billion. They spent a lot, a lot, 0:17:25.760 --> 0:17:26.720 they spent a lot. 0:17:26.920 --> 0:17:30.240 And if anybody's looking at Mattel, which owns Barbie, and 0:17:30.520 --> 0:17:34.000 twenty percent of the revenue from Motel comes from Barbie's merchandising, 0:17:34.440 --> 0:17:36.320 and may tease the stock just for you watch. 0:17:36.560 --> 0:17:38.120 They spent a lot, they spend a lot. 0:17:38.240 --> 0:17:38.800 I don't, I'm not. 0:17:40.160 --> 0:17:40.479 I'm not. 0:17:40.920 --> 0:17:45.240 I'm just a common sense person. I think they will. 0:17:45.080 --> 0:17:48.280 Spend one fifty on marketing and they made one fifty 0:17:48.320 --> 0:17:50.359 five first at least one fifty on marketing. 0:17:50.840 --> 0:17:52.639 I think they spent more, but that's not that's not 0:17:52.680 --> 0:17:55.639 even the actor. That's just domestic. That's just domestic. I 0:17:55.640 --> 0:17:57.320 think they're losing money on it. That's my whole point. 0:17:57.320 --> 0:17:59.359 We'll see, well, I don't know, I'm not one hundred. 0:17:59.359 --> 0:18:01.000 But even if it as well, right, let's say it 0:18:01.040 --> 0:18:03.720 does well, there's only been one billion dollar movie and 0:18:03.800 --> 0:18:05.720 we can't even count that well, we can't count there's 0:18:05.720 --> 0:18:07.280 only been one billion dollar movie. 0:18:07.040 --> 0:18:08.760 This year for all the markets and all the movies. 0:18:09.119 --> 0:18:09.760 You know what it is? 0:18:10.280 --> 0:18:10.600 What's that? 0:18:11.800 --> 0:18:11.920 You know? 0:18:12.160 --> 0:18:12.480 Back the. 0:18:15.880 --> 0:18:16.560 Mario Brothers. 0:18:16.600 --> 0:18:19.200 Bro Mario Brothers is the only movie this year, but 0:18:19.400 --> 0:18:21.520 they can count Avatar because it came out in December, 0:18:21.560 --> 0:18:23.080 So Mary Brothers is the only one that's done a 0:18:23.080 --> 0:18:23.840 billion dollars. 0:18:24.080 --> 0:18:28.639 Even if this does, it doesn't. It's not a fair assessment. 0:18:28.160 --> 0:18:31.200 Of what the movie situation looks like because it's one. 0:18:31.840 --> 0:18:34.720 It's one out of how four or five movies comes 0:18:35.119 --> 0:18:35.760 come out a week. 0:18:36.720 --> 0:18:38.879 We don't go to see any of them. The model 0:18:38.960 --> 0:18:39.320 is different. 0:18:39.359 --> 0:18:43.080 Now they got thirty days to put it on, but 0:18:43.160 --> 0:18:46.600 you brought up something with the Pat McAfee thing, because 0:18:46.600 --> 0:18:50.440 Disney is losing money, right, and it's cost. 0:18:50.320 --> 0:18:51.040 Him a lot of money. 0:18:51.640 --> 0:18:53.359 There's a free agent out there that they keep saying 0:18:53.440 --> 0:18:56.439 is coming to the network. Oh baby, what do you 0:18:56.440 --> 0:18:57.720 think Shannon Sharper is worth. 0:18:59.240 --> 0:18:59.920 The real number? 0:19:00.560 --> 0:19:01.840 What's the what do you think the real number? 0:19:01.880 --> 0:19:01.960 Right? 0:19:01.960 --> 0:19:04.320 Because this toss Even Steve Mana says that, like, you know, 0:19:04.359 --> 0:19:05.640 he wants to bring him to the show. If Pat 0:19:05.720 --> 0:19:08.960 McAfee is five years eighty five million. 0:19:09.080 --> 0:19:13.040 But Steven A. Smith got like twelve million, so under pay. 0:19:13.359 --> 0:19:13.960 He's under paid. 0:19:14.000 --> 0:19:15.200 Even he's under paid. 0:19:15.160 --> 0:19:19.200 To work, like to work seven days a week, going 0:19:19.240 --> 0:19:20.600 to Utah, going. 0:19:20.480 --> 0:19:22.960 To for real, they got him do a little cross 0:19:23.000 --> 0:19:26.440 games and shit, he's running around the running around the 0:19:26.440 --> 0:19:33.240 globe for I am good Ya Jesus, somebody go Stephen A. 0:19:33.320 --> 0:19:34.000 Smith on the show. 0:19:34.359 --> 0:19:37.199 We ain't going back to so Lake now man So, 0:19:38.320 --> 0:19:40.680 uh no, it's gonna be interested to see I'm interested 0:19:40.680 --> 0:19:42.879 in seeing that, especially when you hear the CEO of 0:19:42.880 --> 0:19:46.120 the company saying that, Yo, we're losing money. In fact, 0:19:46.160 --> 0:19:48.240 we got to figure out how we're gonna get this 0:19:48.480 --> 0:19:51.040