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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. Bloomberg Tech is live

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Speaker 1: from coast to coast with Caroline Hyde in New York

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Speaker 1: and Eva low In sent Francisco.

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Speaker 2: Welcome to a special edition of Bloomberg Tech Live from

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Speaker 2: Bloomberg screen Time in Los Angeles. Coming up this hour,

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Speaker 2: we're going to bring you conversations with some of the

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Speaker 2: biggest names in the entertainment industry.

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Speaker 3: We'll we're speaking with top celebrities, ed with entrepreneurs, with

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Speaker 3: leaders across this very much changing media landscape. And we

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Speaker 3: first go to the talk of the town here at

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Speaker 3: screen Time, of course, it was Jimmy Kimmel, the late

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Speaker 3: night show host, sat down on Bloomberg's Luca Shaw and

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Speaker 3: explained how he thinks his comments about the conservative activist

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Speaker 3: Charlie Kirk were mischaracterized by the political right.

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Speaker 4: Take a listen.

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Speaker 5: I didn't think there was a big problem, I you know,

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Speaker 5: I just saw it as distortion on the part of

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Speaker 5: some of the right wing media networks.

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Speaker 6: And I was I aimed to correct it.

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Speaker 5: I have problems like all the time, and it's kind

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Speaker 5: of funny because sometimes you think, oh, this is not

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Speaker 5: a problem, and then it turns into a big problem.

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Speaker 6: And then sometimes it goes the other.

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Speaker 5: Way where you think like, oh, oh, this is gonna

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Speaker 5: be a problem nobody really notices.

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Speaker 7: And so at what point did you realize this was

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Speaker 7: a problem?

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Speaker 5: I think when when they pulled the show off the air, Well,

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Speaker 5: that's unusual.

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Speaker 7: Yeah, And what were the conversations that Data and bobbed

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Speaker 7: that led to that.

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Speaker 5: I hate to disappoint you, but they were really good conversations.

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Speaker 6: I'm not as thinking any I mean, like really good

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Speaker 6: conversations they are.

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Speaker 5: These are people that I've known for a long time

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Speaker 5: and who I like very much much, and who were

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Speaker 5: you know, who wanted we all wanted this to work

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Speaker 5: out best. And I will tell you like I mean,

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Speaker 5: first of all, I ruined Dana's weekend. It was just

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Speaker 5: NonStop phone calls all weekend. But I don't think what

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Speaker 5: I don't think the result, which I think turned out

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Speaker 5: to be very positive, would have been as positive if

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Speaker 5: I hadn't talked to Dana as much as I did,

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Speaker 5: because it helped me think everything through, and it helped

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Speaker 5: me just kind of understand where everyone was coming from.

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Speaker 5: I can sometimes be reactionary, I can sometimes be aggressive,

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Speaker 5: and I could sometimes be unpleasant, and I think that

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Speaker 5: it helped me. Really having those days to think about

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Speaker 5: it was helpful.

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Speaker 7: Okay, I have a dumb question about this as someone

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Speaker 7: who is kind of reporting on it in real time

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Speaker 7: trying to figure out what's happening. So the show goes

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Speaker 7: up there, you have all these conversations and when you

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Speaker 7: made it or when you made a decision put the

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Speaker 7: show back on the air, as my understanding at the

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Speaker 7: time was, it still wasn't exactly clear what you were

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Speaker 7: going to say. They still hadn't resolved the issues at

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Speaker 7: the affiliates. So what do you resolve in those conversations

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Speaker 7: to know you're going back if you haven't figured out

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Speaker 7: a lot of the things that come out of it.

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Speaker 5: I think just the spirit of what I'm going to

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Speaker 5: say rather than specifically what I was going to say,

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Speaker 5: And I think that's something that we all agreed on,

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Speaker 5: and I think that.

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Speaker 6: Ultimately I wanted to kind of.

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Speaker 5: Cover every base if I could, and sometimes you can

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Speaker 5: do that and sometimes you can't do that. And it

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Speaker 5: was something really that had to come from inside me.

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Speaker 5: It had to be truthful, and I had to lay

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Speaker 5: it all out there and just be honest about what

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Speaker 5: I was feeling and what I'd experienced, and I think

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Speaker 5: I did, and I think that it probably went about

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Speaker 5: as well as it could go. I knew that it

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Speaker 5: was wasn't going to be perfect, and there were always

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Speaker 5: going to be people that didn't like it and didn't

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Speaker 5: accept it. But the important thing to me was that

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Speaker 5: I was able to explain what I was saying what

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Speaker 5: I was trying to say.

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Speaker 6: Because you felt like your.

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Speaker 7: Initial comments had been mischaracterized, I didn't feel like it

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Speaker 7: they were.

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Speaker 5: It was intentionally and I think maliciously mischaracterized.

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Speaker 2: Yeah, there was Jimmy Kimmel there with Bloombog screen time

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Speaker 2: host Lucas Shaw, who joins us now this morning. The

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Speaker 2: story around Jimmy Kimmel was one of the most read

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Speaker 2: on the Bloomberg terminal and the website, and it's being

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Speaker 2: shared across the industry. I think that's not that surprising, right, Lucas.

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Speaker 2: The headline is really straightforward. He thought that the show

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Speaker 2: was done, and in the course of what we just heard,

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Speaker 2: he explained everything that happened in the days that followed

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Speaker 2: being taken off air, confirming quite a lot of your reporting.

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Speaker 2: I just invite you to take it from there, and

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Speaker 2: the main takeaways from you from the conversation.

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Speaker 7: Well, I guess I was a little surprised on retrospect,

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Speaker 7: not shocked by how effusive his praise was for Disney,

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Speaker 7: just because in the moment, my sense from people around

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Speaker 7: him was that he was pretty pissed off at them, right,

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Speaker 7: they had taken him off the air. You heard him say,

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Speaker 7: I didn't think I did anything that wrong. My comments

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Speaker 7: got sort of weaponized by right wing media, and yet

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Speaker 7: he's had nothing but positive things to say about CEO

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Speaker 7: Bob Bieger, about Entertainment CoA chair Dana Walden. He sort

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Speaker 7: of somewhat endorsed Dana Walden to succeed Bob Biger, which

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Speaker 7: you know, I don't know that he or Dana were

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Speaker 7: expecting to happen last night. But this turn from what

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Speaker 7: could have been a really sad, ugly episode in his

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Speaker 7: career to something that has made him something.

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Speaker 6: Of a hero.

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Speaker 7: And so I you know, this was I guess a

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Speaker 7: little bit of a victory lap for him, a.

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Speaker 3: Victory lap, which then you get to the nitty gritty

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Speaker 3: of numbers, because that's what Bloomberg and you're trying to

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Speaker 3: present him that Ultimately, yes, he had record bump in

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Speaker 3: terms of numbers, but the numbers.

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Speaker 4: Haven't been great for late night television full stop.

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Speaker 3: How did he navigate what he thinks is the revenue

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Speaker 3: positive or negatives right now for him?

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Speaker 7: Well, twofold one, he was like, look, there was a

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Speaker 7: lot of reporting about how much his peer, Stephen Colbert's

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Speaker 7: show was losing. He thinks that that's wrong. He knows

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Speaker 7: how much money these shows cost to make. You know

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Speaker 7: generally how much they bring in. I think he said

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Speaker 7: last night it cost about one hundred twenty million dollars

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Speaker 7: to do one of these shows. But he also said, look,

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Speaker 7: if they were losing money, they got there. Stephen Colbert

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Speaker 7: show is going off the air. We don't know the

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Speaker 7: future of Kimmel's show. His contractor is up next year.

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Speaker 7: I think most people assume that he'll be around for

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Speaker 7: a little bit longer, and they don't want to At

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Speaker 7: a minimum, they're not going to fire him in the

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Speaker 7: same way that CBS did Colbert. But obviously, the big

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Speaker 7: challenge for late night is that there's just so much

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Speaker 7: more consumption happening online and you can't monetize it in

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Speaker 7: the same way.

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Speaker 2: That's so interesting like his insight into how the industry works, budgets,

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Speaker 2: talent costs, losses or not losses, Lucas, that's kind of

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Speaker 2: the point of the rest of the day. We have

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Speaker 2: many very high profile speakers across entertainment and media generally,

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Speaker 2: but just for you, what is your next big focus

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Speaker 2: after last night?

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Speaker 7: My first interview is David Allison, who I think is

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Speaker 7: other than Kimmel, probably the biggest interview of the conference,

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Speaker 7: just because he hasn't done a big interview since taking

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Speaker 7: over Paramounts Guidance. He seems to be in the news

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Speaker 7: every other day. He bought Barry Weiss's The Free Press.

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Speaker 7: He may or may not be trying to buy Warner

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Speaker 7: Brothers Discovery. We'll talk about both those things with him.

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Speaker 3: And you've got Warner Brothers Discovery at the table as well.

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Speaker 3: That's gonna be fascinating considering the conversation you have with

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Speaker 3: Greg Peters acosio Netflix about how ultimately he's not after

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Speaker 3: M and A WBD, That's gonna be a fascinating conversation.

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Speaker 7: Yeah, the code shares of their movie studio. I'm sure

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Speaker 7: that they will avoid talking about any big corporate matters

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Speaker 7: and kind of refer that to their leadership, but look,

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Speaker 7: they will be great to talk about the movie business with.

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Speaker 7: They have been on a real hot streak with Sinners,

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Speaker 7: with Minecraft, many other hits over the summer, Weapons and

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Speaker 7: then the new Ppa movie which probably isn't a commercial

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Speaker 7: hit but looks like an Oscar front runner.

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Speaker 2: All right, Bloombe's Lucas Shaw, who's leading our coverage here

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Speaker 2: at Bloomberg screen time in Los Angeles. Thank you very much.

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Speaker 2: But actually here on Bloomberg Tech carry so much more.

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Speaker 3: Coming up, we're going to be speaking with Catherine Meyer,

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Speaker 3: nbr CEO. Look, public media faces threats, particularly under the

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Speaker 3: Trump administration. Right now, what is the future of funding

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Speaker 3: sick with us?

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Speaker 4: This is blue bag tech.

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Speaker 8: See, that's what happens when people get activated. People got

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Speaker 8: activated and demanded did Jimmy Kimmel come back on the air?

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Speaker 8: And I think that it was a great victory. So

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Speaker 8: sometimes you know, when you're struggling and you're going through

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Speaker 8: all these changes because of the madness in DC, it's

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Speaker 8: important to realize when you do win, when you have victory,

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Speaker 8: and I think Jimmy Kimmel being back on the air

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Speaker 8: was a victory for all of.

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Speaker 3: US Los Angeles mayor there Karen Bass, reacting to Jimmy

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Speaker 3: Kimmel's return, of course, to the air after a brief

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Speaker 3: suspension of what he described as a mischaracterization.

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Speaker 4: Of his comments about Charlie Kirk.

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Speaker 3: Meanwhile, look, public broadcasting as a whole is facing new challenges.

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Speaker 4: Outlets PBS, NPR.

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Speaker 3: For example, seeing their share in federal funding cut by

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Speaker 3: Congress over the summer and raises questions about their future.

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Speaker 3: The viability at the center of the debate is MPR

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Speaker 3: CEO Katamah, who we're pleased to say not only has

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Speaker 3: just been his joining us, having already been called before

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Speaker 3: the Oversight Committee earlier this year.

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Speaker 4: Kevin, how how do you navigate this time?

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Speaker 3: How are you seeing the ability for MPR to thrive

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Speaker 3: and drive forward?

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Speaker 9: Well, there's certainly no roadmap for this moment in time.

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Speaker 9: I think this represents a step change for all public broadcasting.

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Speaker 9: It's not just here in the United States. We recognize

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Speaker 9: that public broadcasters around the world are under increase scrutiny

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Speaker 9: and pressure. The good news for us is that we

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Speaker 9: have a viable model because we've built audiences over the

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Speaker 9: fifty years we've been in existence, we have forty six

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Speaker 9: million listeners a week, and so as we look to

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Speaker 9: the future, we're looking at all, right, this is a change.

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Speaker 9: It doesn't change our public service mandate, It doesn't change

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Speaker 9: our mission and our obligation to the American public.

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Speaker 10: It just probably will change how we have to do

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Speaker 10: our work.

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Speaker 3: When you say how you do your work, does it

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Speaker 3: ultimately mean that you have to think about the resources that.

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Speaker 4: You put to work there?

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Speaker 3: Can you be as expansive in the coverage that you

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Speaker 3: have in for so many years.

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Speaker 9: It's a good question and something we're trying to figure out.

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Speaker 9: NPR received traditionally about one percent of our budget directly

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Speaker 9: from the federal government, but we have just one percent.

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Speaker 10: But we have a network of.

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Speaker 9: Around two hundred and fifty members stations which received as

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Speaker 9: much as seventy percent in rural parts of the country,

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Speaker 9: and so we're waiting to see what some of the

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Speaker 9: fallout will be for those stations.

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Speaker 10: We have projections.

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Speaker 9: We're concerned about this, and we're looking at how we

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Speaker 9: can buttress some of their work by cutting fees to

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Speaker 9: them and thinking about how to make, you know, dollars

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Speaker 9: stretch a little bit further to continue to serve local communities.

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Speaker 2: Cavin, I think there would be a lot of value

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Speaker 2: in you explaining the business model.

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Speaker 10: It is amazing.

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Speaker 2: Well, the reason I ask actually is in preparation for today,

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Speaker 2: I suddenly stopped and looked at mprs following on social

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Speaker 2: platforms for example. It's very very big. Yes, you know,

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Speaker 2: how do I consume some MPR content like on YouTube

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Speaker 2: for example, But that isn't necessarily a big, big income generator,

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Speaker 2: view is that? Is that right?

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Speaker 10: Right?

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Speaker 5: So?

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Speaker 9: I think people think of us as radio because that's

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Speaker 9: our origin, but in fact, fifty percent of our listening

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Speaker 9: comes from digital platforms. It comes through podcasts, it comes

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Speaker 9: through YouTube, it actually comes through reading online. And you

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Speaker 9: can see in our numbers that our demographics are actually

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Speaker 9: very well distributed. We've been accused of being too liberal,

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Speaker 9: but what I can tell you is that when we

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Speaker 9: look at the audience data as to who comes to us,

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Speaker 9: it's actually a very represent representative distribution of the American public.

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Speaker 9: So fifty percent of what we're doing is for digital audiences,

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Speaker 9: and fifty percent of what we're doing is for radio audiences.

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Speaker 9: On the radio side, at these roughly two hundred and

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Speaker 9: fifty members across the country. They serve ninety nine point

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Speaker 9: seven percent of the American public, So in some ways

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Speaker 9: we are one of the largest national networks. And we

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Speaker 9: have three thousand local journalists around the country who then

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Speaker 9: serve back into the network with stories that they're filing

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Speaker 9: for their local communities and for their states.

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Speaker 3: How does it make them feel when they're deemed to

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Speaker 3: be too liberal.

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Speaker 6: And how not good?

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Speaker 10: Yeah, really not good.

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Speaker 9: I mean, we have reporters who are covering tribal areas

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Speaker 9: who are primarily focused on the issues of Native American communities.

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Speaker 9: We have reporters in rural Alaska who are focusing on

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Speaker 9: the issues that their communities face. Some of the issues

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Speaker 9: around for example, fishing and access to access to the

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Speaker 9: sorry the National Wildlife Preserve and what does that mean

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Speaker 9: for economic opportunity for Alaskans. They're having nuanced conversations that

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Speaker 9: represent the full spectrum of the American debate on any

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Speaker 9: of these issues, and so to be called liberal or

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Speaker 9: to be demeaned in that way is really a misrepresentation

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Speaker 9: of the work that they do.

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Speaker 4: Nuance is a great word, you mean more of it.

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Speaker 9: Well, we try to make sure that we're hearing from

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Speaker 9: all sides of the story in every story, and that

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Speaker 9: means that we are representing sure, of course communities in

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Speaker 9: California that perhaps have one point of view, but also

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Speaker 9: communities in Indiana that have a different point of view.

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Speaker 2: You know, we talked about this as a team, and

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Speaker 2: one of our producers, Oie Thomas, brought up the idea

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Speaker 2: that there is like the NPR strategy, and then there's

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Speaker 2: what the local stations are doing on the politics side

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Speaker 2: of things. You know, how are the local stations reacting,

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Speaker 2: for example, if a lot of their listener base did

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Speaker 2: vote for President Trump, you know, with what's going on,

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Speaker 2: how are you factoring that in? But also, like in

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Speaker 2: the business model, do you end up sort of also

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Speaker 2: competing at the MPR level with the local station level

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Speaker 2: because you're trying to pursue different subscribers things like that.

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Speaker 10: Well, those are sort of two very different questions.

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Speaker 9: I mean, we aim to serve the entire spectrum of

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Speaker 9: American conversation, right, So, we had the White House Press

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Speaker 9: Secretary on just last week speaking directly to the American

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Speaker 9: public about the administrations thinking on the current government shutdown.

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Speaker 9: We invite members of both parties on all the time.

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Speaker 9: We invite independent voices on all the time. This is

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Speaker 9: important to us, but it's not just our politics coverage.

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Speaker 9: It's also coverage of American life all of the cultural

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Speaker 9: aspects that make up our differences as well. And that

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Speaker 9: is one of the flexibilities of local reporting is it

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Speaker 9: means that our station in Utah can run stories about

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Speaker 9: the local reaction to the Charlie Kirk assassination as well

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Speaker 9: as contributing to our national coverage, so that Americans all

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Speaker 9: across the country can hear from those perspects.

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Speaker 2: What is the feedback from America from the American listeners

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Speaker 2: about everything that's happened, Well.

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Speaker 10: I mean on the news, of course.

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Speaker 9: I think what we hear very consistently is that this

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Speaker 9: is a concerning time. People dislike the amount of polarization.

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Speaker 9: We do hear that our coverage and the way that

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Speaker 9: we approach things tends to bring people closer to an

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Speaker 9: understanding of their fellow Americans because we really do focus

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Speaker 9: on finding the personal story. We'd like to say that

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Speaker 9: everything that happens in America happens somewhere, and so we're

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Speaker 9: always trying to find this somewhere that that that is happening,

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Speaker 9: whether it's the implications of tariffs, or you know the

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Speaker 9: conversation that's happening around for example, Jimmy Kimmel, who you

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Speaker 9: were just recently referencing.

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Speaker 3: Listeners are so loyal you turn to them for funding.

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Speaker 3: Have you seen big billionaires, big donors wanting to step

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Speaker 3: up into this moment.

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Speaker 9: We have seen a outpouring of support, absolutely so. New

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Speaker 9: Hampshire Public Radio, for example, raised a million dollars in

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Speaker 9: response to the defunding efforts in over the course of

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Speaker 9: a short period of weeks. We really appreciative of this,

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Speaker 9: but that won't fill the gap for these rural communities

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Speaker 9: that are already sizzy economically strapped. There's a reason they

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Speaker 9: have been federally funded. We know that for sorry, we

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Speaker 9: know that twenty percent of Americans live without local news.

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Speaker 10: There's a reason for that.

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Speaker 9: The market conngnitions don't allow it, and that's where public

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Speaker 9: media has filled in the gap. So that still remains

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Speaker 9: a challenge.

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Speaker 10: We have seen a.

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Speaker 9: Lot of support, of course, across the board for public radio.

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Speaker 9: I think there were three million people who wrote into

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Speaker 9: Congress to support the to support us at the time

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Speaker 9: of defunding. But it won't be enough to fill the

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Speaker 9: one hundred and twenty million dollar gap relative to the

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Speaker 9: defending GUP.

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Speaker 3: Your own background is so fascinating, having been for stint

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Speaker 3: with the Web Summit, making huge, big events, and for

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Speaker 3: a tech community, you're on the chair of the Signal Foundation.

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Speaker 4: You're also been at Wikipedia.

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Speaker 3: I'm interested as to how in this moment of belt tightening,

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Speaker 3: your technological savvy comes into all of it.

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Speaker 9: Well, I actually think that technology is an enormous advantage

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Speaker 9: for the complex structure that you have. You asked me

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Speaker 9: about the business model earlier, and I think it's a

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Speaker 9: great lead into this. Right, there is a way in

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Speaker 9: which we could be in competition all of these local

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Speaker 9: stations seeking to now transform their work for a national audience.

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Speaker 9: Technology actually offers us the place to bring all of

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Speaker 9: that aggregate reporting together. And so if somebody is running

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Speaker 9: a really great story here in LA about a local

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Speaker 9: band that is about to go on tour, and I

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Speaker 9: reference that because music is a big part of what

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Speaker 9: we do at NPR, we now have the ability to

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Speaker 9: serve that to any audience member anywhere across the country

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Speaker 9: who might be interested in what that band is about

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Speaker 9: to do. Right, we wouldn't have been able to do

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Speaker 9: that in a previous era.

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Speaker 10: But the ability of digital.

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Speaker 9: Platforms, the affordances for us to serve audiences seamlessly.

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Speaker 10: They don't think of us as.

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Speaker 9: Our local station versus our local station. They think of

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Speaker 9: us as one public media experience, and that's really what

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Speaker 9: we're leaning into.

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Speaker 2: So, Sweden, what are you going to do differently? What

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Speaker 2: are in this environment? What are you going to change

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Speaker 2: to bring in more money that you need?

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Speaker 9: Well, certainly investing pretty heavily in the fundraising piece. I mean,

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Speaker 9: I don't think that that's dissimilar from what we've seen

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Speaker 9: in nonprofit news as a whole. We've seen tremendous success

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Speaker 9: in the nonprofit news sector and building subscriptions and building memberships.

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Speaker 9: That's an opportunity for us, and in fact, we've been

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Speaker 9: doing it for a long time. We have millions and

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Speaker 9: millions of loyal donors across the country. It's time to

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Speaker 9: bring in the next generation. You mentioned I come from Wikipedia.

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Speaker 9: We have a little experience in this right, So that's

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Speaker 9: one piece of it. I also think that it's an

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Speaker 9: opportunity for us to think about how we're doing our

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Speaker 9: news gathering and news production more effectively, and so we

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Speaker 9: have all these journalists across the country, what does it

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Speaker 9: mean to do the national editorial planning where we're really

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Speaker 9: thinking about how to elevate these conversations that are happening

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Speaker 9: around the country into the national story. And then of

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Speaker 9: course we have this great international and national reporting that

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Speaker 9: we mean to now weave.

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Speaker 6: Into the mix.

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Speaker 2: KAFR mayor MPR CEO, thank you very much for being

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Speaker 2: with us here at Blomberg screen Time. Meanwhile, Warner Music

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Speaker 2: Group is said to be in close agreement with Netflix

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Speaker 2: to create a slate of movies and documentaries based on

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Speaker 2: the record labels catalog of artists and songs. That's according

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Speaker 2: to sources. Here's what Warner Music Group CEO Robert Kilhle

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Speaker 2: said about a potential deal.

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Speaker 11: I cannot confirm anything, but but the you know, if

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Speaker 11: you step back and think about this, it makes a lot.

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Speaker 11: You know, our company has tremendous catalog Prince Madonna, Fleetwood,

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Speaker 11: Mac and it's just it just goes on and on

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Speaker 11: and on. The stories that we have are incredible and

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Speaker 11: they haven't really been topped. It more like Marvel for music.

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Speaker 11: I said, that's that's that's where we are and it

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Speaker 11: will be unlocked, and so it makes a lot of

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Speaker 11: sense for us to partner with a company that can

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Speaker 11: bring it to life all around the world. And it's

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Speaker 11: exciting both for as who are no longer with us,

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Speaker 11: but we make their estates happy and satisfied, but also

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Speaker 11: for X who are with us, who then can actually

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Speaker 11: help bring young audiences to the streaming platforms.

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Speaker 3: Robert Kinsil, Warner Music Group CEO. Then now coming up Netflix,

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Speaker 3: it's doubling down on gaining expanning its availability beyond your

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Speaker 3: phones and tablets. We're gonna have the Coco, Greg Peters,

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Speaker 3: that's next. This is a blue bag tag.

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Speaker 6: I think it's.

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Speaker 12: It's hard for any brand that has a deep, you know,

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Speaker 12: consumer sense of what are you're doing for me? Right,

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Speaker 12: and then you're like, well, I'm going to do this

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Speaker 12: as well, and you have. It takes a while to

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Speaker 12: really build up that sense.

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Speaker 6: Of what's happening.

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Speaker 12: But it's not it's not that dissimilar to let's say,

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Speaker 12: when we launched, you know, in a new country, like

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Speaker 12: you know, you went to Japan, right, So when we

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Speaker 12: started in Japan, two percent of the Japanese population had

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Speaker 12: ever heard of Netflix, so nobody knew what nobody would

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Speaker 12: nobody evenew our name much. Let's be able to tell

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Speaker 12: you what we were doing. And we're doing pay TV

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Speaker 12: service in a country that doesn't really have a great

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Speaker 12: PayTV you know operation we're doing over the internet in

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Speaker 12: a way, it was totally new, and so you you

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Speaker 12: got to every day build a little bit of like

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Speaker 12: what are we doing, who we are, what are we

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Speaker 12: you know, how are we here to serve you? So

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Speaker 12: that ten year journey, let's say, you know, just at

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Speaker 12: the tenth universary in Japan. You know, tremendous progress over

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Speaker 12: ten years, but it took us a long time. And

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Speaker 12: I think you know, the gaming situation is not dissimilar

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Speaker 12: to that.

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Speaker 7: How much is it an impediment that for the most

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Speaker 7: part now you can only play it on on your phone?

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Speaker 12: Well, I would say, you know the phone is that

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Speaker 12: what's great about it is it's a well developed gaming ecosystem, right,

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Speaker 12: so you know, folks notifying games there. But it's also

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Speaker 12: a highly competitive gaming ecosystem.

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Speaker 6: So it's developed.

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Speaker 12: This gives you both that upside and the downside. But

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Speaker 12: what's exciting is that now we are moving beyond the

443
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Speaker 12: phone to the TV. So I mentioned like one of

444
00:21:18,240 --> 00:21:19,639
Speaker 12: the big game areas we're going after. One of the

445
00:21:19,680 --> 00:21:22,280
Speaker 12: big gaming areas we're going after now is you know,

446
00:21:22,560 --> 00:21:25,840
Speaker 12: social gaming experiences that will show up on your TV.

447
00:21:26,080 --> 00:21:29,520
Speaker 12: So we are now announcing, we're announced here actually that

448
00:21:29,560 --> 00:21:31,520
Speaker 12: we're going to have these social party games, a pack

449
00:21:31,560 --> 00:21:34,000
Speaker 12: of social party games that you can play on your

450
00:21:34,040 --> 00:21:37,080
Speaker 12: TV with your phone as the controller. And it's things

451
00:21:37,119 --> 00:21:40,000
Speaker 12: like you know, recognizable games like Boggle. You got Pictionary,

452
00:21:40,040 --> 00:21:43,360
Speaker 12: We've got a Lego party game, We've got Tetris, We've

453
00:21:43,400 --> 00:21:46,560
Speaker 12: got like a Mafia style Who've done it? This is

454
00:21:46,680 --> 00:21:50,720
Speaker 12: This is me and our CTO Elizabeth playing Boggle here,

455
00:21:50,760 --> 00:21:54,879
Speaker 12: which is it's we're two very competitive people, so it

456
00:21:55,240 --> 00:21:56,520
Speaker 12: got pretty ugly.

457
00:21:56,680 --> 00:21:59,800
Speaker 6: Who I'm not going to say that means he lost?

458
00:22:01,040 --> 00:22:03,240
Speaker 6: Oh does it? When she watched the video? My friend,

459
00:22:04,920 --> 00:22:06,159
Speaker 6: you triggered my competitors.

460
00:22:07,880 --> 00:22:09,560
Speaker 12: But this is again, this is you know, so it's

461
00:22:09,560 --> 00:22:11,840
Speaker 12: your phone, which is an incredible device, and there's all

462
00:22:11,840 --> 00:22:13,000
Speaker 12: sorts of things that you're going to be able to

463
00:22:13,000 --> 00:22:15,679
Speaker 12: do on your phone that you can't do on a

464
00:22:15,720 --> 00:22:19,560
Speaker 12: normal controller, like touchscreen. And this is us basically picking

465
00:22:19,600 --> 00:22:22,240
Speaker 12: our words on that, and it's you know, it's dead

466
00:22:22,280 --> 00:22:25,879
Speaker 12: simple to use it's intuitive, and then this is you know,

467
00:22:26,040 --> 00:22:29,200
Speaker 12: us on the earliest days of how we actually can

468
00:22:29,320 --> 00:22:31,439
Speaker 12: use that and if we you know, basically are going

469
00:22:31,480 --> 00:22:33,399
Speaker 12: to like unleash this with a bunch of creators and

470
00:22:33,440 --> 00:22:35,879
Speaker 12: they're going to go figure out stuff that we didn't

471
00:22:35,920 --> 00:22:40,640
Speaker 12: even imagine that they can do with that interactivity.

472
00:22:42,920 --> 00:22:46,600
Speaker 2: That was Netflix co CEO Greg peters Key conversations Coming

473
00:22:46,680 --> 00:22:50,480
Speaker 2: up Gaming with Twitch CEO Dan Clancy, Unice Lee of

474
00:22:50,640 --> 00:22:53,159
Speaker 2: Scope Ly. One of the top streamers out there is

475
00:22:53,200 --> 00:22:56,320
Speaker 2: Poke Maine. So much more from Los Angeles and Bloomberg

476
00:22:56,400 --> 00:23:11,000
Speaker 2: screen Time. This is Bloomberg Tech. Welcome back to a

477
00:23:11,040 --> 00:23:13,920
Speaker 2: special edition of Bloomberg Tech. We're live from Bloomberg screen

478
00:23:14,000 --> 00:23:18,560
Speaker 2: Time in Los Angeles. Amazon streaming platform Twitch is growing

479
00:23:18,640 --> 00:23:21,679
Speaker 2: online stars by the minute. It's averaging more than one

480
00:23:21,760 --> 00:23:25,639
Speaker 2: hundred and five million monthly visitors globally. And here to

481
00:23:25,680 --> 00:23:28,560
Speaker 2: discuss the current state but also the future state of

482
00:23:28,640 --> 00:23:32,640
Speaker 2: the live streaming business model is Twitch CEO Dan Clancy.

483
00:23:32,920 --> 00:23:33,800
Speaker 13: Thank you for having me.

484
00:23:33,840 --> 00:23:34,600
Speaker 6: It's great to be here.

485
00:23:34,640 --> 00:23:38,960
Speaker 2: So Twitch is such an interesting thing, an entity. There

486
00:23:38,960 --> 00:23:40,919
Speaker 2: are loads of people out there that aren't familiar with it,

487
00:23:40,920 --> 00:23:43,000
Speaker 2: and actually, I thought the most sensible place to start

488
00:23:43,040 --> 00:23:45,479
Speaker 2: is like, can you just explain what Twitch is, how

489
00:23:45,480 --> 00:23:46,200
Speaker 2: it works.

490
00:23:46,160 --> 00:23:50,480
Speaker 13: Hopefully for those so simple space. Twitch the live streaming

491
00:23:50,480 --> 00:23:53,199
Speaker 13: platform where people go live. Okay, and so if you

492
00:23:53,240 --> 00:23:56,320
Speaker 13: say it's a live version of YouTube or something like that.

493
00:23:56,560 --> 00:23:58,960
Speaker 13: But the thing that really makes Twitch unique in the

494
00:23:59,680 --> 00:24:02,399
Speaker 13: kind of a need that it meets in people is

495
00:24:03,520 --> 00:24:05,679
Speaker 13: as human beings, we are all yearning for community. And

496
00:24:05,680 --> 00:24:08,120
Speaker 13: what happens on Twitch is people go live and they

497
00:24:08,119 --> 00:24:11,240
Speaker 13: basically share their lives. They let people into their living room,

498
00:24:11,560 --> 00:24:13,960
Speaker 13: They go out in the world, and they explore, they gain,

499
00:24:14,440 --> 00:24:17,600
Speaker 13: and then what they do is very authentically engage with

500
00:24:17,600 --> 00:24:20,080
Speaker 13: those people that are watching. And since people spend a

501
00:24:20,119 --> 00:24:23,840
Speaker 13: fair amount of time watching these people, a community forms

502
00:24:23,880 --> 00:24:27,239
Speaker 13: between the folks that are watching, and I think that

503
00:24:27,400 --> 00:24:30,080
Speaker 13: is really the magic of Twitch and which distinguishes Twitch

504
00:24:30,320 --> 00:24:32,840
Speaker 13: from many other platforms that have live streaming. The phrase

505
00:24:32,880 --> 00:24:36,320
Speaker 13: I use is we're community centric live streaming because people

506
00:24:36,359 --> 00:24:37,600
Speaker 13: find a place where they belong.

507
00:24:37,760 --> 00:24:40,200
Speaker 2: So the simple origin was like people would be playing

508
00:24:40,280 --> 00:24:42,920
Speaker 2: video games in simple terms, and they would be filming

509
00:24:42,960 --> 00:24:45,879
Speaker 2: and streaming themselves playing this game, sometimes with others. But

510
00:24:45,960 --> 00:24:49,919
Speaker 2: it's kind of evolved into a much broader set of content,

511
00:24:50,400 --> 00:24:53,679
Speaker 2: IRL or just chatting is the things that you know

512
00:24:53,720 --> 00:24:56,840
Speaker 2: I'm following on the platform. Is there a still a

513
00:24:56,880 --> 00:25:00,280
Speaker 2: heavy proportion of activity that's gaming related or is it

514
00:25:00,320 --> 00:25:01,360
Speaker 2: now much more diverse?

515
00:25:01,480 --> 00:25:02,480
Speaker 6: Well, it's very diverse.

516
00:25:02,560 --> 00:25:05,600
Speaker 13: And the interesting story is even before Twitch, Twitch started

517
00:25:05,640 --> 00:25:09,200
Speaker 13: as justin TV, and in justin TV it was life casting,

518
00:25:09,400 --> 00:25:12,040
Speaker 13: so in fact it wasn't about gaming, okay, and then

519
00:25:12,119 --> 00:25:15,120
Speaker 13: Twitch life life casting is what they called it back then,

520
00:25:15,160 --> 00:25:20,000
Speaker 13: where you were just casting your life, and then Twitch

521
00:25:20,080 --> 00:25:22,400
Speaker 13: pivoted and focused on gaming and that's when it really

522
00:25:22,440 --> 00:25:25,040
Speaker 13: took off. And now it's kind of come full circle

523
00:25:25,200 --> 00:25:27,320
Speaker 13: because while gaming is still a big part of Twitch

524
00:25:27,320 --> 00:25:29,560
Speaker 13: and will always be a big part of Twitch, more

525
00:25:29,640 --> 00:25:32,760
Speaker 13: and more creators are out there just doing all sorts

526
00:25:32,800 --> 00:25:34,880
Speaker 13: of things you said, IRL, which is in real life,

527
00:25:34,920 --> 00:25:37,240
Speaker 13: which means you go out on the streets, you go

528
00:25:37,400 --> 00:25:38,240
Speaker 13: climbing a mountain.

529
00:25:38,280 --> 00:25:41,200
Speaker 2: I've watched you stream from a water slide in a doughnut.

530
00:25:41,720 --> 00:25:43,199
Speaker 2: Yes necessary ver.

531
00:25:43,920 --> 00:25:46,760
Speaker 6: Ir, that's IRL. It's in real life.

532
00:25:46,920 --> 00:25:50,359
Speaker 3: DJ Cancy, I think is who you're streaming as I'm

533
00:25:50,440 --> 00:25:53,040
Speaker 3: interested though it does such a great job on the

534
00:25:53,080 --> 00:25:55,120
Speaker 3: show reminding us of the sheer scale in the power

535
00:25:55,119 --> 00:25:56,040
Speaker 3: of numbers of gaming.

536
00:25:56,040 --> 00:25:57,160
Speaker 4: When we think about big.

537
00:25:57,000 --> 00:25:59,280
Speaker 3: Movie hits, it pales into comparison.

538
00:25:58,880 --> 00:26:01,520
Speaker 4: Of the amount of money face versus video games.

539
00:26:02,000 --> 00:26:05,840
Speaker 3: What amazes me is how much the content creators are

540
00:26:05,840 --> 00:26:09,119
Speaker 3: winning in terms of content. They are getting one hundred

541
00:26:09,200 --> 00:26:12,840
Speaker 3: million dollar contracts to jump from you to Kick, or

542
00:26:12,840 --> 00:26:16,240
Speaker 3: from Kick to you or to YouTube more than Lebron

543
00:26:16,320 --> 00:26:19,360
Speaker 3: James's earning. Can you go to actually who your competition

544
00:26:19,440 --> 00:26:21,440
Speaker 3: therefore is and how you fight for that content in

545
00:26:21,480 --> 00:26:21,920
Speaker 3: this moment?

546
00:26:22,040 --> 00:26:24,000
Speaker 13: Yeah, the way I look at it asally, we're fairly

547
00:26:24,119 --> 00:26:25,960
Speaker 13: unique in this space, and I don't focus on the

548
00:26:25,960 --> 00:26:29,879
Speaker 13: competition because as a live streaming platform at our scale,

549
00:26:29,920 --> 00:26:32,360
Speaker 13: they're smaller ones. But you know, really, when we think

550
00:26:32,359 --> 00:26:34,880
Speaker 13: of the social media space, you have YouTube, you have TikTok,

551
00:26:34,920 --> 00:26:37,760
Speaker 13: you have Instagram, but Twitch is really the only one

552
00:26:37,960 --> 00:26:41,720
Speaker 13: that solely focuses on this community centric live streaming experience.

553
00:26:41,960 --> 00:26:44,719
Speaker 13: And the way I describe it sometimes is we actually

554
00:26:44,760 --> 00:26:47,320
Speaker 13: are a long form platform and that people sit there

555
00:26:47,359 --> 00:26:50,240
Speaker 13: and watch for one hour two hours. So in that sense,

556
00:26:50,280 --> 00:26:53,600
Speaker 13: we're like Prime Video and Netflix, but we're social, so

557
00:26:53,640 --> 00:26:55,600
Speaker 13: we're sort of right in the middle of what i'll

558
00:26:55,640 --> 00:26:59,600
Speaker 13: call the streaming platforms and the social media platforms were

559
00:26:59,680 --> 00:27:01,919
Speaker 13: really long form social media playfe you're.

560
00:27:01,760 --> 00:27:03,240
Speaker 3: Also, dare I say, right in the middle of the

561
00:27:03,280 --> 00:27:05,720
Speaker 3: culture wars, and I'm just really interested as to how

562
00:27:05,800 --> 00:27:10,040
Speaker 3: you navigate that in leadership when people are bringing them

563
00:27:10,080 --> 00:27:12,760
Speaker 3: into their homes in a more intimate setting and feel

564
00:27:12,760 --> 00:27:14,640
Speaker 3: that they can share anything that they feel, but that

565
00:27:14,800 --> 00:27:16,639
Speaker 3: then can blow up in many different ways.

566
00:27:16,800 --> 00:27:19,240
Speaker 13: Yeah, So, first of all, it's very important that we

567
00:27:19,280 --> 00:27:21,040
Speaker 13: take it very seriously in terms of having a set

568
00:27:21,080 --> 00:27:23,359
Speaker 13: of guidelines and it's appropriate on Twitch and what's not,

569
00:27:24,640 --> 00:27:26,760
Speaker 13: And so we spend a lot of time thinking about

570
00:27:26,760 --> 00:27:29,199
Speaker 13: that and letting our creators do what they need to

571
00:27:29,200 --> 00:27:30,200
Speaker 13: do to protect themselves.

572
00:27:30,240 --> 00:27:31,800
Speaker 4: And you kick them off too if we take them

573
00:27:31,840 --> 00:27:32,160
Speaker 4: off if.

574
00:27:32,080 --> 00:27:34,800
Speaker 13: They're not adhering to them. That's really important for our platform.

575
00:27:35,080 --> 00:27:37,159
Speaker 13: But really what it is is that's just one of

576
00:27:37,160 --> 00:27:38,920
Speaker 13: the things you have to deal with if you want

577
00:27:38,960 --> 00:27:42,480
Speaker 13: to get that authenticity. Because this key difference between Twitch

578
00:27:42,520 --> 00:27:46,560
Speaker 13: and many other short form platforms. If you're just making

579
00:27:47,520 --> 00:27:50,160
Speaker 13: a short clip, you can put on a mask. When

580
00:27:50,160 --> 00:27:52,439
Speaker 13: you're live streaming, you can't put on a mask. And

581
00:27:52,520 --> 00:27:56,920
Speaker 13: one thing that's been leading a lot of celebrities, entertainers

582
00:27:57,000 --> 00:28:00,000
Speaker 13: athletes influence all sorts of people now to live streaming

583
00:28:00,520 --> 00:28:04,199
Speaker 13: is they want that authentic, honest connection with their fans

584
00:28:04,520 --> 00:28:06,160
Speaker 13: and turn those fans into community.

585
00:28:06,320 --> 00:28:08,679
Speaker 2: Dan, sorry to interrupt him. Let's bring up the Gavin

586
00:28:08,720 --> 00:28:11,240
Speaker 2: Newsom session then and just play a little bit of

587
00:28:11,280 --> 00:28:15,520
Speaker 2: it if we can. There's some sound associated with it, Dan,

588
00:28:15,560 --> 00:28:18,640
Speaker 2: But in very simple terms, Gavin Newsome went on the.

589
00:28:18,600 --> 00:28:21,359
Speaker 6: Twitch ocasion and not providing due process.

590
00:28:21,160 --> 00:28:23,720
Speaker 2: Went on the Twitch platform. And my understanding is that

591
00:28:23,760 --> 00:28:26,720
Speaker 2: you know, he was engaging with one of his children's

592
00:28:26,760 --> 00:28:30,440
Speaker 2: favorite content creators, that that's the governor of California using

593
00:28:30,480 --> 00:28:34,400
Speaker 2: Twitch to communicate. Just explain how you feel about that.

594
00:28:34,600 --> 00:28:36,320
Speaker 13: Yeah, the way I think of it, what he's doing

595
00:28:36,600 --> 00:28:42,080
Speaker 13: is he's he's just authentically interacting with you know, those

596
00:28:42,120 --> 00:28:44,320
Speaker 13: people that may have an interest in him, Right, And

597
00:28:44,400 --> 00:28:46,360
Speaker 13: I do that myself. I stream and have a great

598
00:28:46,360 --> 00:28:48,760
Speaker 13: time doing it. And when you do it, you realize

599
00:28:48,800 --> 00:28:53,080
Speaker 13: there's like there's something really special about having that impact

600
00:28:53,160 --> 00:28:56,880
Speaker 13: on people and having that feedback, that visceral feeling of

601
00:28:57,080 --> 00:28:58,600
Speaker 13: you know, when I when I stream, I'll play the

602
00:28:58,600 --> 00:29:00,600
Speaker 13: piano and sing and they'll say, oh, I love that song,

603
00:29:00,920 --> 00:29:03,640
Speaker 13: and it really kind of makes it's very different than

604
00:29:03,720 --> 00:29:06,760
Speaker 13: just looking at metrics like you do on other social media.

605
00:29:06,840 --> 00:29:10,000
Speaker 2: You've been really clear there are guidelines for the content creators,

606
00:29:10,320 --> 00:29:13,160
Speaker 2: there are guidelines for the viewers in how they interact.

607
00:29:13,600 --> 00:29:15,960
Speaker 2: But Twitch is one of a number of platforms that

608
00:29:16,120 --> 00:29:19,000
Speaker 2: is caught up in a wider discussion about people that

609
00:29:19,080 --> 00:29:23,440
Speaker 2: want to talk politics or even in the context of radicalization.

610
00:29:24,240 --> 00:29:27,120
Speaker 2: Just give us your sort of blanket policy and approach

611
00:29:27,520 --> 00:29:30,840
Speaker 2: to managing that environment on the Twitch platform, please, because

612
00:29:30,880 --> 00:29:34,120
Speaker 2: DC is paying attention not just to Twitch. I get that,

613
00:29:34,160 --> 00:29:35,719
Speaker 2: but it is important.

614
00:29:35,840 --> 00:29:38,520
Speaker 13: Well, let'shol I'd say, like, first of all, our policy

615
00:29:38,760 --> 00:29:42,080
Speaker 13: is you know, you could freely express your views. It's

616
00:29:42,160 --> 00:29:44,360
Speaker 13: how you say it that's important. That you should not

617
00:29:44,480 --> 00:29:48,600
Speaker 13: be attacking and hate and harassment is not allowed on

618
00:29:48,640 --> 00:29:51,240
Speaker 13: our platform, and we're very clear about that. But we

619
00:29:51,360 --> 00:29:52,440
Speaker 13: understand that people are going to.

620
00:29:52,360 --> 00:29:54,360
Speaker 2: Expect super quick who adjudicates that.

621
00:29:54,840 --> 00:29:58,080
Speaker 13: We have both automated techniques and we have a large

622
00:29:58,120 --> 00:30:01,360
Speaker 13: group of people that work when or something's reported to

623
00:30:01,520 --> 00:30:03,479
Speaker 13: then analyze it and see if you could hear star

624
00:30:03,480 --> 00:30:06,240
Speaker 13: our community guidelines, and then if there's a violation, we

625
00:30:06,280 --> 00:30:07,320
Speaker 13: take an enforcement action.

626
00:30:07,920 --> 00:30:09,600
Speaker 3: What's so great as you two are going to be

627
00:30:09,600 --> 00:30:12,600
Speaker 3: on stage together a little bit later. Twitch CEO Dan Clancy,

628
00:30:12,720 --> 00:30:14,440
Speaker 3: We so thank you for your time with us on

629
00:30:14,480 --> 00:30:16,840
Speaker 3: the show as well. Now coming up, we're going to

630
00:30:16,880 --> 00:30:20,000
Speaker 3: be speaking with Scopely COO Unis Lee about the growth

631
00:30:20,040 --> 00:30:22,000
Speaker 3: and competition in the mobile gaming industry.

632
00:30:22,400 --> 00:30:41,040
Speaker 4: It's a bloomberg tech in the realm of mobile gaming.

633
00:30:41,440 --> 00:30:44,880
Speaker 3: There are a few key players increasingly dominating the space.

634
00:30:44,960 --> 00:30:46,040
Speaker 4: One of those is Scopey.

635
00:30:46,080 --> 00:30:49,280
Speaker 3: It's the publisher behind Marvel Strikeforce, Yacht See with Buddies,

636
00:30:49,320 --> 00:30:53,200
Speaker 3: Pokemon Goo, my kid's favorite. Scope Ye Chief operating Officer

637
00:30:53,280 --> 00:30:57,360
Speaker 3: Unis Lee joins us now and we see.

638
00:30:57,120 --> 00:30:58,880
Speaker 4: That ip and it stands out.

639
00:30:58,760 --> 00:31:02,760
Speaker 3: So much units competition is really building. How do you

640
00:31:02,880 --> 00:31:06,800
Speaker 3: see that as a really helping you focus on the

641
00:31:06,840 --> 00:31:10,240
Speaker 3: business scale the business, but also drive off those competitives.

642
00:31:10,400 --> 00:31:14,080
Speaker 14: Sure, I mean it's always great to have competition because

643
00:31:14,120 --> 00:31:19,320
Speaker 14: it only fuels that drive to innovate and to exceed expectations.

644
00:31:19,360 --> 00:31:22,440
Speaker 14: For us, we welcome all of it. I think Scopely

645
00:31:22,520 --> 00:31:26,400
Speaker 14: in particular is always focused on a community first approach,

646
00:31:26,440 --> 00:31:29,040
Speaker 14: and so the games that we're building, we think about

647
00:31:29,040 --> 00:31:33,480
Speaker 14: how are we creating these highly social, engaging experiences, And

648
00:31:33,520 --> 00:31:35,720
Speaker 14: I think that's what sets us apart ultimately, because we

649
00:31:35,760 --> 00:31:37,640
Speaker 14: always start from that core premise and.

650
00:31:37,600 --> 00:31:40,640
Speaker 3: That highly social engagement drives revenue. I'm assuming just talk

651
00:31:40,680 --> 00:31:41,560
Speaker 3: us through the business model.

652
00:31:41,720 --> 00:31:45,600
Speaker 14: Sure, I mean it's pretty astounding. Last year we achieved

653
00:31:45,680 --> 00:31:48,080
Speaker 14: over ten billion dollars in lifetime revenue.

654
00:31:48,760 --> 00:31:49,960
Speaker 10: We're really excited about that.

655
00:31:50,040 --> 00:31:54,560
Speaker 14: We have five hundred million plus daily active users touching

656
00:31:54,600 --> 00:31:58,120
Speaker 14: our games in the last twelve months. There's just amazing

657
00:31:58,160 --> 00:32:01,960
Speaker 14: things happening, and we're so about adding Pokemon Go to

658
00:32:02,080 --> 00:32:05,640
Speaker 14: our stable or amazing portfolio of games. They continue to

659
00:32:05,680 --> 00:32:08,920
Speaker 14: grow and reach new players every day, and so yeah,

660
00:32:08,960 --> 00:32:09,840
Speaker 14: it's pretty amazing.

661
00:32:10,360 --> 00:32:12,360
Speaker 2: Unis HERI blombog screen time. There's been a lot of

662
00:32:12,400 --> 00:32:14,840
Speaker 2: industry news. I wondered if we could run through some

663
00:32:14,960 --> 00:32:19,040
Speaker 2: of it. So like last night, Netflix to me basically

664
00:32:19,120 --> 00:32:24,520
Speaker 2: demoed a technology that costs a mobile game from your

665
00:32:24,560 --> 00:32:27,600
Speaker 2: phone to your TV screen. As a hardcore gamer in

666
00:32:27,680 --> 00:32:30,880
Speaker 2: many different domains and formats, wasn't blown away by that?

667
00:32:31,560 --> 00:32:34,120
Speaker 2: What do you make of that concept and idea. I mean,

668
00:32:34,240 --> 00:32:37,080
Speaker 2: it's a mobile game cost to the television.

669
00:32:37,320 --> 00:32:40,920
Speaker 14: I'm also a hardcore gamer, so I feel you. I think,

670
00:32:40,920 --> 00:32:43,280
Speaker 14: at the end of the day, we're trying to create

671
00:32:43,320 --> 00:32:48,200
Speaker 14: again highly social, engaging experiences, and for our scope, Lee,

672
00:32:48,280 --> 00:32:50,840
Speaker 14: it's about trying to be on the different mediums where

673
00:32:50,840 --> 00:32:53,600
Speaker 14: our players want to be, and even bringing our community

674
00:32:53,640 --> 00:32:56,479
Speaker 14: together in real life as we have with the Go Fest,

675
00:32:56,520 --> 00:33:01,960
Speaker 14: which is for Pokemon Go community. For us, we're just look,

676
00:33:02,000 --> 00:33:03,960
Speaker 14: we're going to always keep an eye on where people

677
00:33:04,000 --> 00:33:06,440
Speaker 14: are playing, how they want to engage with our content,

678
00:33:06,560 --> 00:33:08,800
Speaker 14: and try to serve that up to our community.

679
00:33:08,920 --> 00:33:12,960
Speaker 2: The industry has seen seismic shifts in the last two years.

680
00:33:13,000 --> 00:33:17,000
Speaker 2: I think that's a completely fair statement. You have some

681
00:33:17,680 --> 00:33:21,560
Speaker 2: financial relationship with this with Saudi through various you know,

682
00:33:21,720 --> 00:33:24,680
Speaker 2: investments that they've made. The biggest, most recent use is

683
00:33:24,920 --> 00:33:29,640
Speaker 2: the take private of Electronic Arts. My question is very simple.

684
00:33:29,960 --> 00:33:34,240
Speaker 2: Have you had discussions about cooperating with EA? You know,

685
00:33:34,320 --> 00:33:37,640
Speaker 2: you are very strong and mobile gaming. EA is not

686
00:33:37,680 --> 00:33:39,000
Speaker 2: so strong in mobile gaming.

687
00:33:40,240 --> 00:33:42,320
Speaker 14: Are We have so much respect for what EA has

688
00:33:42,360 --> 00:33:45,440
Speaker 14: been able to do and the amazing you know, brands

689
00:33:45,440 --> 00:33:47,920
Speaker 14: and ips that they've built, so we have we've come

690
00:33:47,960 --> 00:33:51,920
Speaker 14: from that place first. Right now, we're not in specific discussions,

691
00:33:51,920 --> 00:33:55,280
Speaker 14: but post deal, if those opportunities arrive, we're definitely open

692
00:33:55,360 --> 00:33:56,120
Speaker 14: to discussions.

693
00:33:56,120 --> 00:33:59,280
Speaker 3: For sure, and we think about ultimately where you've come

694
00:33:59,320 --> 00:34:01,080
Speaker 3: from the fact that you you were busy over an

695
00:34:01,120 --> 00:34:02,560
Speaker 3: activision with Call of Duty.

696
00:34:02,600 --> 00:34:04,840
Speaker 4: You are someone who calls yourself a hardcore gamer.

697
00:34:05,800 --> 00:34:07,720
Speaker 3: Where do you think the balance shifts in terms of

698
00:34:07,760 --> 00:34:09,160
Speaker 3: mobile versus console?

699
00:34:09,520 --> 00:34:11,320
Speaker 4: How do you see that continuing to evolve?

700
00:34:11,600 --> 00:34:15,920
Speaker 14: Honestly, I think our community, our players want to access

701
00:34:15,920 --> 00:34:18,799
Speaker 14: our content in different ways and it's not this huge

702
00:34:18,840 --> 00:34:21,560
Speaker 14: battle so much. But again, as I mentioned earlier, it's

703
00:34:21,560 --> 00:34:24,480
Speaker 14: about serving our community where they want to engage with

704
00:34:24,480 --> 00:34:26,879
Speaker 14: our content, where they want to play, and I think

705
00:34:26,920 --> 00:34:29,200
Speaker 14: there's a place for all of it. We are also

706
00:34:29,400 --> 00:34:31,480
Speaker 14: we have several things which you can't talk about that

707
00:34:31,520 --> 00:34:34,560
Speaker 14: in development that are a cross platform in across platforms

708
00:34:34,600 --> 00:34:36,040
Speaker 14: you may not expect from scopeing.

709
00:34:36,520 --> 00:34:39,399
Speaker 3: Okay, keep us tuned on that respect, but we can

710
00:34:39,400 --> 00:34:40,760
Speaker 3: go global with you because you're.

711
00:34:40,600 --> 00:34:42,839
Speaker 4: A woman who is international, very core.

712
00:34:42,880 --> 00:34:45,480
Speaker 3: You've spin in London, you studied in Asia, and I'm

713
00:34:45,480 --> 00:34:48,800
Speaker 3: thinking about how things change from global aera to global

714
00:34:49,040 --> 00:34:51,920
Speaker 3: Pokemon go inherently for us a very Japanese bit of

715
00:34:51,920 --> 00:34:54,120
Speaker 3: IP that has become a typular global phenomenon.

716
00:34:54,200 --> 00:34:57,200
Speaker 14: Yes, absolutely, I mean for us again, it's there's a

717
00:34:57,239 --> 00:35:00,319
Speaker 14: whole wide world to appeal to. And what the of

718
00:35:00,360 --> 00:35:03,560
Speaker 14: games is that it brings these folks together across the globe.

719
00:35:03,960 --> 00:35:08,920
Speaker 14: It transcends geographies, cultures, and that's super exciting for us.

720
00:35:08,960 --> 00:35:11,319
Speaker 14: And that's that social connection part that we want to

721
00:35:11,360 --> 00:35:13,439
Speaker 14: continue to promote and continue to see.

722
00:35:13,480 --> 00:35:16,200
Speaker 2: So we're talking about this thing right, the mobile, right

723
00:35:16,360 --> 00:35:19,680
Speaker 2: and gaming is one thing I can do on my

724
00:35:19,719 --> 00:35:23,719
Speaker 2: mobile phone. Do you guys consider your rivals to be TikTok?

725
00:35:23,880 --> 00:35:26,759
Speaker 2: Literally this is Bloomberg screen time? You know, how do

726
00:35:26,800 --> 00:35:29,960
Speaker 2: you assess a marketplace where the competition for rivals isn't

727
00:35:30,000 --> 00:35:32,800
Speaker 2: necessarily in the time spent on gaming?

728
00:35:33,560 --> 00:35:37,040
Speaker 14: Yeah, I mean I think the gaming space itself is

729
00:35:37,160 --> 00:35:41,960
Speaker 14: so fast moving and evolves very quickly. So wherever Eyeball's

730
00:35:42,000 --> 00:35:44,960
Speaker 14: intention is again, wherever our players are fans, because they're

731
00:35:45,000 --> 00:35:48,680
Speaker 14: looking at IP through various mediums, So being conscious of

732
00:35:48,719 --> 00:35:52,280
Speaker 14: that it's not just through the game. There's different ways

733
00:35:52,320 --> 00:35:55,080
Speaker 14: of the IP coming to life, so us staying on

734
00:35:55,120 --> 00:35:58,240
Speaker 14: top of that is super important at scopely, again, how

735
00:35:58,280 --> 00:36:01,240
Speaker 14: do we connect with the community they want to Mobiles

736
00:36:01,280 --> 00:36:03,880
Speaker 14: one of the you know, most tactile and easiest ways

737
00:36:03,920 --> 00:36:06,080
Speaker 14: to do so, but it's something that is always on

738
00:36:06,120 --> 00:36:07,360
Speaker 14: our minds roadblocks.

739
00:36:07,560 --> 00:36:10,000
Speaker 2: C dem Zuki told us very recently that sometimes on

740
00:36:10,000 --> 00:36:12,239
Speaker 2: a Friday night their servers melts because of all the

741
00:36:12,239 --> 00:36:15,600
Speaker 2: condensed activity in the mobile gaming domain. Do you ever

742
00:36:15,600 --> 00:36:18,480
Speaker 2: come across like flash moments like that where the world

743
00:36:18,600 --> 00:36:19,799
Speaker 2: is just playing at the same time.

744
00:36:20,280 --> 00:36:24,720
Speaker 14: I mean, we have so many people engaging daily, hourly

745
00:36:25,200 --> 00:36:28,440
Speaker 14: with our products because of their deep love of these ips.

746
00:36:28,760 --> 00:36:31,840
Speaker 14: Star Trek Sleet Command is a great example. Yes, seventy

747
00:36:31,880 --> 00:36:35,040
Speaker 14: five percent of our players of that game, they are

748
00:36:35,239 --> 00:36:39,560
Speaker 14: touching it every single day, every single day, and in meaningful.

749
00:36:39,200 --> 00:36:39,919
Speaker 10: Amount of time.

750
00:36:40,160 --> 00:36:41,360
Speaker 4: I mean to know, it's for your business.

751
00:36:41,440 --> 00:36:42,680
Speaker 10: I think for Star.

752
00:36:42,520 --> 00:36:44,880
Speaker 14: Trek fans, it's like amazing to be able to be

753
00:36:45,040 --> 00:36:48,239
Speaker 14: in that universe, and those are hardcore fans that that

754
00:36:48,320 --> 00:36:52,680
Speaker 14: ip attracts real loyalty, and so our ability to do that,

755
00:36:53,080 --> 00:36:54,920
Speaker 14: you know, for that community is pretty special.

756
00:36:55,000 --> 00:36:57,359
Speaker 2: How many years has it been since I've done like

757
00:36:57,440 --> 00:37:02,439
Speaker 2: that on television, Unice Chief, I have remember I did

758
00:37:02,480 --> 00:37:05,640
Speaker 2: do it once in Well let's leave it. Unis, lead

759
00:37:05,719 --> 00:37:07,680
Speaker 2: chief operating officer at Scopeia. It's great to have you

760
00:37:07,719 --> 00:37:10,279
Speaker 2: on Bloombo Tech. Thank you so much. Okay, coming up,

761
00:37:10,280 --> 00:37:13,239
Speaker 2: we're going to speak with one of Twitch's leading streamers,

762
00:37:13,280 --> 00:37:16,480
Speaker 2: Pokemone talk to us about the business of contact creation.

763
00:37:16,880 --> 00:37:19,080
Speaker 2: That's next. This is a seriously big one. This is

764
00:37:19,120 --> 00:37:37,080
Speaker 2: Bloomberg Tech. So Hollywood's typically focused on the people in

765
00:37:37,120 --> 00:37:41,560
Speaker 2: front of the camera, but today increasingly we're talking about streamers,

766
00:37:42,000 --> 00:37:45,920
Speaker 2: people like yumain anis more commonly known as Pokemon. She's

767
00:37:45,960 --> 00:37:48,799
Speaker 2: one of the most popular streamers on Twitch, with nearly

768
00:37:48,880 --> 00:37:53,320
Speaker 2: ten million dedicated followers and another twenty million across other platforms.

769
00:37:53,360 --> 00:37:57,480
Speaker 2: We're talking YouTube, x, Facebook, Insta and delighted to say

770
00:37:57,480 --> 00:38:00,520
Speaker 2: that Poke joins us. Now we've been talking in some weeks.

771
00:38:00,719 --> 00:38:02,759
Speaker 2: It's great to finally have you on Bloomberg Tech.

772
00:38:03,000 --> 00:38:04,439
Speaker 10: Like, guys, now, bear with.

773
00:38:04,360 --> 00:38:07,400
Speaker 2: Me on this one. But let's just start by asking

774
00:38:07,760 --> 00:38:10,319
Speaker 2: what is your day job? How would you describe what

775
00:38:10,400 --> 00:38:11,000
Speaker 2: it is that you.

776
00:38:11,000 --> 00:38:15,719
Speaker 15: Do in technical terms? I'm a content creator. How I

777
00:38:15,800 --> 00:38:18,480
Speaker 15: might want to describe it is just I love sharing

778
00:38:18,480 --> 00:38:21,600
Speaker 15: my life online. I love to entertain people. I love

779
00:38:21,640 --> 00:38:23,120
Speaker 15: to make people happy about it.

780
00:38:23,120 --> 00:38:26,759
Speaker 2: I'd say it started with video games on Twitch, like

781
00:38:26,880 --> 00:38:29,320
Speaker 2: quite a long time ago. You've got a long history

782
00:38:29,320 --> 00:38:30,480
Speaker 2: with Twitch, I sure do.

783
00:38:30,800 --> 00:38:32,480
Speaker 10: Twenty thirteen, twenty.

784
00:38:32,239 --> 00:38:35,160
Speaker 2: Thirteen and like, and that's something we share in common.

785
00:38:35,280 --> 00:38:38,080
Speaker 2: You know some of the titles in particular, but we

786
00:38:38,200 --> 00:38:42,000
Speaker 2: just had Dan Clancy on the program earlier. For you

787
00:38:42,320 --> 00:38:45,960
Speaker 2: in particular, it is expanded to IRL and just chatting.

788
00:38:46,680 --> 00:38:49,920
Speaker 2: Is there a moment where that happened? It moved beyond

789
00:38:50,000 --> 00:38:50,680
Speaker 2: video games?

790
00:38:51,160 --> 00:38:53,920
Speaker 15: I would say, interestingly enough, when I first started streaming,

791
00:38:54,160 --> 00:38:57,240
Speaker 15: you weren't even allowed to stream IRL or just chatting.

792
00:38:57,280 --> 00:39:00,520
Speaker 15: It was just games, right, anything else you might get

793
00:39:00,520 --> 00:39:03,600
Speaker 15: banned for a few days. And so as the platform

794
00:39:03,680 --> 00:39:07,000
Speaker 15: started not only allowing but supporting different types of content,

795
00:39:07,320 --> 00:39:09,920
Speaker 15: I of course only wanted to try out those different things.

796
00:39:10,200 --> 00:39:12,400
Speaker 15: And I also love how it allowed me to showcase

797
00:39:12,400 --> 00:39:15,120
Speaker 15: different parts of my life. Now instead of traveling and

798
00:39:15,120 --> 00:39:17,319
Speaker 15: feeling like, oh, I can't do my job, I can't game,

799
00:39:17,360 --> 00:39:19,880
Speaker 15: I can't speak to my community, I could travel and

800
00:39:19,960 --> 00:39:23,719
Speaker 15: stream myself in those different countries. So as both the

801
00:39:24,200 --> 00:39:28,120
Speaker 15: platform changed and what the audiences like and enjoy changed,

802
00:39:28,360 --> 00:39:30,239
Speaker 15: I followed in and I was able to explore so

803
00:39:30,280 --> 00:39:31,360
Speaker 15: many different types of content.

804
00:39:31,480 --> 00:39:32,960
Speaker 3: And then we've seen you go to crew, We've seen

805
00:39:33,000 --> 00:39:35,680
Speaker 3: you go to around the world. But what's so interesting, Pokey,

806
00:39:35,920 --> 00:39:39,000
Speaker 3: is that your demographic must have broadened from League of

807
00:39:39,080 --> 00:39:39,839
Speaker 3: Legends out to.

808
00:39:39,800 --> 00:39:41,480
Speaker 4: Now wanting to see you horse ride talking about some

809
00:39:41,480 --> 00:39:42,880
Speaker 4: of your health stories.

810
00:39:43,160 --> 00:39:45,040
Speaker 3: How can you break down the demographics and who it

811
00:39:45,040 --> 00:39:45,840
Speaker 3: is in your community?

812
00:39:46,120 --> 00:39:46,680
Speaker 4: Absolutely?

813
00:39:46,719 --> 00:39:49,120
Speaker 15: What I find the most interesting is that it entirely

814
00:39:49,160 --> 00:39:52,360
Speaker 15: depends on the piece of content and the platform. So

815
00:39:52,560 --> 00:39:56,239
Speaker 15: on Twitch, of course, the platform itself is maybe majority men,

816
00:39:56,600 --> 00:39:59,400
Speaker 15: sometimes younger depending on the game or what you're streaming,

817
00:39:59,520 --> 00:40:01,600
Speaker 15: But onto talk, a lot of my videos are like

818
00:40:01,719 --> 00:40:05,360
Speaker 15: majority female. I do get readies with me, makeup halls,

819
00:40:05,400 --> 00:40:07,920
Speaker 15: all sorts of different things, and I really adore that

820
00:40:07,960 --> 00:40:10,680
Speaker 15: because it allows me to really tap into and share

821
00:40:10,840 --> 00:40:13,399
Speaker 15: all the different facets of my hobbies and what.

822
00:40:13,360 --> 00:40:13,920
Speaker 4: I like to do.

823
00:40:14,120 --> 00:40:16,960
Speaker 3: And you do share your community, your friends, they appear

824
00:40:17,000 --> 00:40:17,239
Speaker 3: with you.

825
00:40:17,360 --> 00:40:19,480
Speaker 4: There's also the perhaps your brother who doesn't pay so

826
00:40:19,640 --> 00:40:21,759
Speaker 4: much on screen and you're here in LA.

827
00:40:22,400 --> 00:40:24,480
Speaker 3: There are safety concerns, whether it's in real life or

828
00:40:24,480 --> 00:40:25,560
Speaker 3: whether it's online as well.

829
00:40:25,600 --> 00:40:27,560
Speaker 4: How do you think about that, navigated?

830
00:40:27,719 --> 00:40:31,800
Speaker 15: Oh my, it really depends on the exact safety concern

831
00:40:31,920 --> 00:40:36,160
Speaker 15: and what aspect it brings. So there's online safety and

832
00:40:36,160 --> 00:40:38,600
Speaker 15: there's also in person safety. So what you said earlier

833
00:40:38,640 --> 00:40:42,239
Speaker 15: about IRL streaming, I typically don't IRL stream in LA

834
00:40:42,320 --> 00:40:45,360
Speaker 15: unless I have security with me, Otherwise I feel a

835
00:40:45,360 --> 00:40:48,840
Speaker 15: little bit better streaming IRL in other countries. When it

836
00:40:48,840 --> 00:40:51,920
Speaker 15: comes to moderation online, oh it's been a trial and

837
00:40:51,920 --> 00:40:56,359
Speaker 15: and error kind of situation learning how to moderate my platforms,

838
00:40:56,360 --> 00:40:57,960
Speaker 15: how to feel safe online, how to make sure my

839
00:40:57,960 --> 00:40:59,120
Speaker 15: community feel safe.

840
00:40:59,440 --> 00:41:02,000
Speaker 4: So it's really a lot.

841
00:41:01,920 --> 00:41:02,560
Speaker 7: Of different things.

842
00:41:02,920 --> 00:41:06,800
Speaker 2: Pochi is part of the IRL and just chatting content.

843
00:41:07,000 --> 00:41:09,640
Speaker 2: Sometimes you have discussed things that are more political or

844
00:41:09,680 --> 00:41:13,040
Speaker 2: societal issues. How do you choose those that you want

845
00:41:13,080 --> 00:41:16,040
Speaker 2: to weigh in on? And then the safety piece you

846
00:41:16,080 --> 00:41:17,839
Speaker 2: just explained how you factor that in.

847
00:41:18,480 --> 00:41:22,040
Speaker 15: I would say my priority for starters is of course

848
00:41:22,040 --> 00:41:25,239
Speaker 15: speaking to my direct experiences and how I know those

849
00:41:25,239 --> 00:41:28,560
Speaker 15: things affect others. For example, the safety issues that I

850
00:41:28,600 --> 00:41:31,120
Speaker 15: face online. I'm not the only one, and it's not

851
00:41:31,200 --> 00:41:35,280
Speaker 15: just creators. Any woman, any girl, frankly, any person online

852
00:41:35,640 --> 00:41:39,160
Speaker 15: can be victim to those same safety issues. So I

853
00:41:39,200 --> 00:41:40,840
Speaker 15: love to be a spokesperson for the things that I

854
00:41:40,880 --> 00:41:44,279
Speaker 15: have direct experience and knowledge in. And then secondly for

855
00:41:44,400 --> 00:41:49,439
Speaker 15: me political topics, what I really feel passionate speaking out

856
00:41:49,440 --> 00:41:53,520
Speaker 15: about is simply just human rights, respecting other people what

857
00:41:53,680 --> 00:41:55,239
Speaker 15: their rights should be in regards to the things that

858
00:41:55,239 --> 00:41:57,680
Speaker 15: they can say, that they can experience, that they can share.

859
00:41:58,000 --> 00:41:59,719
Speaker 4: I feel like that's.

860
00:41:59,480 --> 00:42:03,560
Speaker 15: What I feel comfortable talking about. And so aside from that, luckily,

861
00:42:03,600 --> 00:42:06,160
Speaker 15: the safety aspects that I have in place right now

862
00:42:06,480 --> 00:42:08,440
Speaker 15: allow me to feel comfortable discussing anything.

863
00:42:08,440 --> 00:42:11,520
Speaker 2: Hook you've made a career of this, would you please

864
00:42:11,600 --> 00:42:14,560
Speaker 2: explain to our Bloomberg Tech audience. You know how it works,

865
00:42:14,920 --> 00:42:17,560
Speaker 2: how you make money with respect if you're able to,

866
00:42:17,640 --> 00:42:22,080
Speaker 2: Like you've also set up a talent agency for content creators.

867
00:42:22,160 --> 00:42:23,400
Speaker 2: You know how big a piece is that for you?

868
00:42:23,600 --> 00:42:26,000
Speaker 2: Is it different Twitch versus Instagram for example?

869
00:42:26,320 --> 00:42:30,680
Speaker 15: So your streams of income do differ greatly depending on

870
00:42:30,760 --> 00:42:33,360
Speaker 15: the platform. I would say the unique thing about Twitch

871
00:42:33,480 --> 00:42:36,400
Speaker 15: is that there's a subscription model, which means, as opposed

872
00:42:36,440 --> 00:42:38,439
Speaker 15: to YouTube, where you can subscribe to someone for free

873
00:42:38,480 --> 00:42:40,799
Speaker 15: and you're essentially just following them like you follow someone

874
00:42:40,800 --> 00:42:44,759
Speaker 15: on Instagram. For Twitch, when you subscribe, you're sending them

875
00:42:44,800 --> 00:42:48,160
Speaker 15: five dollars every month. It's a monthly subscription that also

876
00:42:48,239 --> 00:42:52,239
Speaker 15: generates income. But for me, the large, large, large majority

877
00:42:52,320 --> 00:42:56,880
Speaker 15: of my career income has come just from sponsorships and contracts,

878
00:42:57,239 --> 00:42:59,719
Speaker 15: and then probably the second largest piece has come from

879
00:42:59,760 --> 00:43:03,680
Speaker 15: this misadventures, and then the third largest piece might be subscriptions.

880
00:43:03,920 --> 00:43:05,759
Speaker 15: So I'd say that's the unique piece that most people

881
00:43:05,760 --> 00:43:09,120
Speaker 15: don't know about Twitch, but for ig and most other platforms,

882
00:43:09,160 --> 00:43:11,000
Speaker 15: it's primarily ads and sponsors.

883
00:43:11,560 --> 00:43:13,239
Speaker 3: We could talk to you for so much longer, and

884
00:43:13,280 --> 00:43:14,719
Speaker 3: I'm very pleased that it's going to.

885
00:43:14,680 --> 00:43:15,600
Speaker 4: Be on stage with you.

886
00:43:16,160 --> 00:43:20,400
Speaker 3: Imman Ais also known as Poke Main were so pleased

887
00:43:20,400 --> 00:43:22,719
Speaker 3: that she joined the show, and what a show it

888
00:43:22,760 --> 00:43:24,800
Speaker 3: has been because that does it for this edition of

889
00:43:24,800 --> 00:43:27,080
Speaker 3: Bloomberg Tech. But the story doesn't stop. There are so

890
00:43:27,080 --> 00:43:28,640
Speaker 3: many people going to be on stage. I've got the

891
00:43:28,680 --> 00:43:29,960
Speaker 3: Foster sisters, You've got a.

892
00:43:29,920 --> 00:43:32,320
Speaker 2: Great Poke and Dan from Clancy, Like I want to

893
00:43:32,400 --> 00:43:35,000
Speaker 2: understand the content creator economy so much more because as

894
00:43:35,000 --> 00:43:38,320
Speaker 2: we just heard, it's so different. And then tomorrow we

895
00:43:38,840 --> 00:43:41,520
Speaker 2: do not miss this. We're going all in on defense technology.

896
00:43:41,560 --> 00:43:44,640
Speaker 2: We will speak with the leaders of Anderill, Talenteer, and

897
00:43:44,719 --> 00:43:47,840
Speaker 2: many other leaders in defense tech from Anderil Tech quarters

898
00:43:47,880 --> 00:43:50,200
Speaker 2: right here in California. You don't want to miss it.

899
00:43:50,480 --> 00:43:52,759
Speaker 2: There is a lot to recap from the last hour.

900
00:43:53,080 --> 00:43:55,160
Speaker 2: Check out the pod. Loads of you are listening to it.

901
00:43:55,160 --> 00:43:58,920
Speaker 2: It's super grateful for the feedback we've had listen on Apple, Spotify,

902
00:43:59,000 --> 00:44:01,640
Speaker 2: iHeart and the Bloomberg platforms. Caro, take us out.

903
00:44:01,680 --> 00:44:03,480
Speaker 3: I mean, what an amazing array we can do right

904
00:44:03,480 --> 00:44:05,600
Speaker 3: here in Los Angeles, in the world a content creation,

905
00:44:05,719 --> 00:44:07,279
Speaker 3: to the world of defense tech.

906
00:44:07,600 --> 00:44:08,560
Speaker 4: There's a lot to be had.

907
00:44:08,880 --> 00:44:12,040
Speaker 2: Yeah, this is Los Angeles and Bloomberg screen time. This

908
00:44:12,160 --> 00:44:13,000
Speaker 2: is Bloomberg Tech