WEBVTT - ‘Dumb Money’ Looks at GameStop Short Squeeze

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<v Speaker 1>This is Bloomberg Business Week with Carol Messer and Tim

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<v Speaker 1>Steneveek on Bloomberg Radio.

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<v Speaker 2>Yeow it up, everybody, rowing kiddy here, I'm going to

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<v Speaker 2>pick a stock and talk about why I think it's interesting,

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<v Speaker 2>and that stock is Game Stop.

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<v Speaker 3>Retail traders have hooked into the Game Stop. I think

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<v Speaker 3>they think it's a good investment.

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<v Speaker 1>It looks like there's one guy driving all the buying.

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<v Speaker 4>Who is.

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<v Speaker 1>All right?

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<v Speaker 2>Well, art imitating life once again this week, opening nationally today,

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<v Speaker 2>Dumb Money, the real life story brought to the big

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<v Speaker 2>screen of the working class redditors who became investors during

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<v Speaker 2>the pandemic making and I'm guess I'm losing some money

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<v Speaker 2>along the way as well, and perhaps even more interestingly

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<v Speaker 2>and shockingly, turning Wall.

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<v Speaker 1>Street upside down. Jess.

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<v Speaker 2>We were living this day to day as it played

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<v Speaker 2>out during the pandemic, especially when.

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<v Speaker 4>You think of GME for GameStop, AMC, all these names

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<v Speaker 4>that come to mind, that we're just taking off in

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<v Speaker 4>the beginning of twenty one, right.

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<v Speaker 1>Out of nowhere, and like it was like we gone

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<v Speaker 1>here fundamentals. Who cares out the window?

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<v Speaker 2>All right, So let's get to it. Because Aaron Ryder

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<v Speaker 2>is producer of Dumb Money. As we said, this movie

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<v Speaker 2>opening nationally today. He joins us on Zoom in Los Angeles,

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<v Speaker 2>aeron No Stranger to the Big Screen.

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<v Speaker 1>Among other things.

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<v Speaker 2>He of course did producer Christopher Nolan's Memento, so really

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<v Speaker 2>good to have him here.

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<v Speaker 1>Welcome, Welcome erin big day, big movie.

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<v Speaker 2>We all lived it, So we've all been talking about

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<v Speaker 2>a big time in the newsroom. Looking at your trailer,

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<v Speaker 2>there's a word in it that we sometimes say in

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<v Speaker 2>the newsroom, but it was said a lot in the

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<v Speaker 2>trailer because it was a crazy time. What was the

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<v Speaker 2>spark catalyst, media headline conversation that got your attention, made

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<v Speaker 2>you want to do a movie about this?

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<v Speaker 5>Well, first off, thanks for having me. Good to talk

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<v Speaker 5>to you guys. So I was in Montreal up in

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<v Speaker 5>quarantine when this was all going down in January twenty

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<v Speaker 5>twenty one. Back then it was before the vaccines, as

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<v Speaker 5>you probably remember, and when you went from the United

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<v Speaker 5>States to Canada you had to do a fourteen day

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<v Speaker 5>state mandated quarantine. So I was pretty much glued to

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<v Speaker 5>the internet just hearing all these headlines and seeing everything

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<v Speaker 5>that was going down, and I could not escape all

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<v Speaker 5>of this news about the store that I kind of

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<v Speaker 5>knew about when you go to the mall and why

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<v Speaker 5>it's stock was going through the roof, and it was

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<v Speaker 5>you know, you guys were covering it. It was everywhere,

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<v Speaker 5>and so it was hard to ignore it.

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<v Speaker 2>So how do you take something that right? It was

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<v Speaker 2>in our face and all of us were trying to

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<v Speaker 2>make sense of it. So how do you say, Wow,

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<v Speaker 2>that's really interesting and it's a conversation with your buddies,

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<v Speaker 2>versus I want to do something more with it, so

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<v Speaker 2>take us there.

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<v Speaker 5>Well, I got this great phone call from a guy

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<v Speaker 5>named Kevin Lark, who happened to own the studio that

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<v Speaker 5>I have a deal with or how to deal with

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<v Speaker 5>at the time, and he basically was like, look, I

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<v Speaker 5>think there's a movie here. And the amazing thing about this,

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<v Speaker 5>you know, not just because it was in the headlines.

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<v Speaker 5>Not every headline will make a great movie, but there

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<v Speaker 5>was this great David versus Goliath theme woven throughout this.

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<v Speaker 3>And you know, it.

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<v Speaker 5>Wasn't just me or Kevin or anyone else that thought

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<v Speaker 5>there could be a movie here. Half of Hollywood was

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<v Speaker 5>chasing the story, thinking that it could be a great

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<v Speaker 5>idea for film, and so it became a real race

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<v Speaker 5>to try to get the rights to a book or

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<v Speaker 5>a podcast to serve as the basis for that story.

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<v Speaker 2>You also, from what I understand, track down Ben Mezrich's

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<v Speaker 2>book Dumb Money Adventures of a Day Trader, which is

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<v Speaker 2>what the film is based on.

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<v Speaker 1>So I'm just get us there, like, how did that?

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<v Speaker 1>Did you reach out or no?

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<v Speaker 4>Ben?

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<v Speaker 3>It was kind of an amazing moment.

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<v Speaker 5>You know, I'd heard this rumor that Ben who had

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<v Speaker 5>written you know, he's covered so many of these things

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<v Speaker 5>in his career. He has written books on so many

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<v Speaker 5>great topics that've been turned into great movies, including Social Network,

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<v Speaker 5>And so I heard that Ben had a book proposal

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<v Speaker 5>and everyone was after it. So I kind of found

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<v Speaker 5>my way into the heart of his agent and convinced

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<v Speaker 5>him to get me a copy of the seven page

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<v Speaker 5>book proposal that he was currently writing on the on

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<v Speaker 5>the Phinalen and that we were all watching. So I

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<v Speaker 5>heard about it, and you know, and did what us

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<v Speaker 5>producers do. We chased material and good ideas and and

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<v Speaker 5>got this book proposal, and you know, it was all

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<v Speaker 5>kind of there. You could feel how you could easily

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<v Speaker 5>turn the story into a narrative for a film that

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<v Speaker 5>would capture an audience. So that was getting that thing

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<v Speaker 5>and working with Ben who could not have been a

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<v Speaker 5>better you know, architect of a story like this.

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<v Speaker 1>You know, thank you Wall Street.

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<v Speaker 2>Right, it just kind of continues to give and give,

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<v Speaker 2>whether it's the Great Financial Crisis, whether it's tech bubbles,

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<v Speaker 2>whether it's the creation of some incredible companies. Like there's

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<v Speaker 2>just unbelievable stories. Having said that, like when you look

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<v Speaker 2>at something like what happened during this meme stock Eras,

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<v Speaker 2>there's a lot of stories in it. There's, you know,

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<v Speaker 2>just the trading element. There's the individuals who were involved

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<v Speaker 2>who were not the normal people Aaron that we here

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<v Speaker 2>at Bloomberg typically write about.

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<v Speaker 3>No, it was your one hundred percent right.

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<v Speaker 5>It was like in this moment, as we were all

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<v Speaker 5>trapped in our homes, maybe with a little bit more

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<v Speaker 5>money from the stimulus check that you got, and we

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<v Speaker 5>were glued to you know, we did not have the

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<v Speaker 5>connectivity to our friends or a family, we began to

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<v Speaker 5>form communities online and I feel like this moment was

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<v Speaker 5>like the moment that Wall Street was gamified and some

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<v Speaker 5>and in some ways democratized, where people that normally hadn't

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<v Speaker 5>been investing on Wall Street and paying attention to these

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<v Speaker 5>sort of things, they gathered around this movement and an

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<v Speaker 5>army gathered, and I feel like this was the first

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<v Speaker 5>time that we saw that, and Wall Street felt the

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<v Speaker 5>impact of that, that army that gathered.

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<v Speaker 2>How did you think about, like, what the stories you

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<v Speaker 2>wanted to tell specifically, right, because it's really fun to

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<v Speaker 2>look at the trailer and I was thinking about you know,

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<v Speaker 2>Ken Griffin and you know others that are certainly individuals

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<v Speaker 2>that we talk about all the time here, Steve Cohen,

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<v Speaker 2>Gabe Plotkin.

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<v Speaker 1>So there's you know, the establishment side of it.

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<v Speaker 2>Then there's the redditors in terms of you know, these people,

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<v Speaker 2>their worlds.

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<v Speaker 1>Were changing dramatically just.

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<v Speaker 2>As you approach this project, What were the stories you

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<v Speaker 2>wanted to make sure you got out there?

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<v Speaker 3>Well, it's a great question.

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<v Speaker 5>You know, we really wanted to make this movie about

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<v Speaker 5>it for those people that were on the Reddit boards,

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<v Speaker 5>the people that were involved in this and got involved,

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<v Speaker 5>And you.

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<v Speaker 3>Know, it starts with Keith Gill Roaring Kitty.

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<v Speaker 5>He was in large part the face of this movement

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<v Speaker 5>and the person that we all kind of identified with

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<v Speaker 5>the game stuff phenomena, so you knew he had to

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<v Speaker 5>be a you know, the focal point of a lot

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<v Speaker 5>of the story and any very much he is. I mean,

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<v Speaker 5>that's where it all kind of started. So and then

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<v Speaker 5>it was really Ben's book and the research that he did,

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<v Speaker 5>and Lauren and Rebecca are two screenwriters who were able

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<v Speaker 5>to kind of do a bunch of research and find

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<v Speaker 5>these real people who went through this experience, and there's

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<v Speaker 5>so many The hard part was was kind of discerning

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<v Speaker 5>the people that were involved with us and finding there's

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<v Speaker 5>really great stories that had a satisfying ending to him

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<v Speaker 5>or had a little bit of tragedy to him, with

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<v Speaker 5>the things that would make a good movie. You know,

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<v Speaker 5>we weren't making a documentary here. What we're trying to

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<v Speaker 5>do is make something that's that shows this moment in

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<v Speaker 5>time that we all lived through. But it was actually

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<v Speaker 5>really a fun moment because we'd never seen anything like

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<v Speaker 5>this before.

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<v Speaker 2>I'm curious who you talked to? I remember talking to

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<v Speaker 2>Oliver Stone about Wall Street and then.

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<v Speaker 1>The sequel of like who did You talk To?

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<v Speaker 2>To get the feel in the same thing with Billions,

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<v Speaker 2>Like we've done a panel here at Bloomberg and the

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<v Speaker 2>guys like who did you because they really did talk to,

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<v Speaker 2>you know, folks on Wall Street really to kind of

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<v Speaker 2>get the feel and make sure.

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<v Speaker 1>They were accurate. Who did you talk to in making this?

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<v Speaker 3>Well? You know, look, there's so much stuff that's out

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<v Speaker 3>there that true right now.

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<v Speaker 5>Yeah, there's so much stuff that you can learn and

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<v Speaker 5>there's so many things in the headlines because everybody was

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<v Speaker 5>talking about this, and when you go see the movie,

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<v Speaker 5>it's a very easy.

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<v Speaker 3>Film to understand.

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<v Speaker 5>You do not have to be an investor in Wall

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<v Speaker 5>Street to understand this movie, nor do you have to

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<v Speaker 5>be some sort of economics major to understand what was

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<v Speaker 5>going on here. It's a movie for the everyman, and

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<v Speaker 5>that's really important in the construction of it. We didn't

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<v Speaker 5>want to be, you know, weighing this down with your

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<v Speaker 5>arguing about you know, the economy or jargon about like

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<v Speaker 5>investing in that sort of thing.

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<v Speaker 3>We're trying to make it for and every man.

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<v Speaker 5>So we took that approach, and so in our research

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<v Speaker 5>it was really focusing on the everyday people and how

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<v Speaker 5>they look at the at investing and how they look

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<v Speaker 5>at the stock market and how they maybe even see

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<v Speaker 5>that the system made very well.

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<v Speaker 3>Be ripped, Aaron.

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<v Speaker 2>I was wondering when you were, you know, certainly reading

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<v Speaker 2>the headlines like the rest of us.

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<v Speaker 1>Did you did you trade in any of these?

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<v Speaker 2>Did you actually participate in any of this in terms

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<v Speaker 2>of the market trade.

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<v Speaker 3>It's really funny actually, because.

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<v Speaker 1>I had You're going to say, yes, aren't you.

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<v Speaker 5>Yeah, Yeah, I totally am. You know, I actually got

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<v Speaker 5>my Robinhood account. I wanted to understand how it worked

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<v Speaker 5>and how it operated, so I got involved with Robinhood,

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<v Speaker 5>and I wanted to see how people were doing it,

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<v Speaker 5>so I very much participated. I got involved with that,

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<v Speaker 5>and I started buy a couple of shares here and there,

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<v Speaker 5>just kind of see how the everyman was going about it.

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<v Speaker 5>And I needed to understand how the apparatus worked as well.

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<v Speaker 5>So yeah, I got I got deep in it, and

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<v Speaker 5>and I think there's no other way to read the

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<v Speaker 5>understand it unless you're doing.

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<v Speaker 2>Yeah, I totally agree. Did you make money in the process.

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<v Speaker 3>I can't. I don't even tell you how much money

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<v Speaker 3>I lost.

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<v Speaker 1>Well, and that's part of it.

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<v Speaker 2>What's really kind of wild, though, these individuals who started

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<v Speaker 2>to be honest with you, like I just remember on

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<v Speaker 2>a day when we'd have to like highlight a stock

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<v Speaker 2>and it obviously we're going to highlight these because they

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<v Speaker 2>were moving in such a dramatic way in a market

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<v Speaker 2>where you know, these were names and individuals who were

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<v Speaker 2>shaping the overall trade.

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<v Speaker 1>It was pretty phenomenal.

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<v Speaker 2>Aaron, don't go anywhere, because I'm curious about the actors

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<v Speaker 2>that were lined up and just as the movie progressed,

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<v Speaker 2>just what you were kind of feeling and the feedback

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<v Speaker 2>you were getting. And I'm also curious about the real

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<v Speaker 2>life Steve Cohen's or Gaye Plotkins or Ken Griffin, if

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<v Speaker 2>you've heard from any of them. So hang on, we're

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<v Speaker 2>going to come back to you in just a moment.

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<v Speaker 2>We're going to continue with Aaron Ryder, producer of Dumb Money,

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<v Speaker 2>on Zoom from Los Angeles. I have to say, Jess,

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<v Speaker 2>I haven't seen the movie yet either have I, But

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<v Speaker 2>but I was thinking about, like you were here right

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<v Speaker 2>with all of our Wall Street team and.

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<v Speaker 1>Reporting on things, and it was just kind of crazy.

0:10:06.080 --> 0:10:09.079
<v Speaker 4>It really was wild, and you couldn't stop following it,

0:10:09.120 --> 0:10:11.160
<v Speaker 4>and obviously as a reporter I had to, but I

0:10:11.160 --> 0:10:12.960
<v Speaker 4>mean I couldn't take my eyes off of it, even

0:10:13.000 --> 0:10:14.480
<v Speaker 4>when I was not reporting on it.

0:10:14.440 --> 0:10:16.760
<v Speaker 2>And then there was a reckoning because the regulators got involved.

0:10:16.760 --> 0:10:18.840
<v Speaker 2>So we're going to come back to Aaron Ryder in

0:10:18.920 --> 0:10:20.520
<v Speaker 2>just a moment, the producer of Dub Money.

0:10:20.840 --> 0:10:22.960
<v Speaker 1>Delight to still have with us. Aaron Ryder, producer of.

0:10:23.000 --> 0:10:26.120
<v Speaker 2>Dub Money on Zoom and Los Angeles, the movie opening

0:10:26.200 --> 0:10:29.880
<v Speaker 2>up nationally on this Friday, Aaron. How easy was it

0:10:29.960 --> 0:10:34.080
<v Speaker 2>to make this movie in terms of financially getting the funding?

0:10:35.920 --> 0:10:38.319
<v Speaker 5>Well, you know, no movie is ever easy to make.

0:10:38.360 --> 0:10:40.680
<v Speaker 5>It's a bit of a miracle when we actually pull

0:10:40.760 --> 0:10:43.720
<v Speaker 5>it off. This one, it was a little bit complicated.

0:10:43.760 --> 0:10:47.040
<v Speaker 5>We started out with it. I had to deal with

0:10:47.080 --> 0:10:50.240
<v Speaker 5>the studio MGM, and we started to make the movie

0:10:50.280 --> 0:10:53.880
<v Speaker 5>with them. But somewhere along the way about in pre production,

0:10:54.040 --> 0:10:57.000
<v Speaker 5>MGM had sold themselves to Amazon, and that's when things

0:10:57.000 --> 0:11:00.640
<v Speaker 5>got a bit more complicated. Let's say, just because you know,

0:11:00.679 --> 0:11:03.920
<v Speaker 5>you have this brand new giant entity that takes over

0:11:03.960 --> 0:11:06.240
<v Speaker 5>a movie studio and everything kind of slowed down. So

0:11:07.559 --> 0:11:11.800
<v Speaker 5>we were not able to move forward under that that

0:11:11.960 --> 0:11:14.800
<v Speaker 5>sort of deal that we had made. So we went

0:11:14.800 --> 0:11:18.320
<v Speaker 5>out and found ourselves independent financiers, and we found an

0:11:18.440 --> 0:11:22.079
<v Speaker 5>excellent partner with a company called Black Bear, and Teddy

0:11:22.080 --> 0:11:25.120
<v Speaker 5>Schwartzman came on as our partner and we made the

0:11:25.120 --> 0:11:28.440
<v Speaker 5>film together. So it started out as a studio movie,

0:11:28.559 --> 0:11:30.559
<v Speaker 5>ended up independent, and then we found a home with

0:11:30.600 --> 0:11:34.199
<v Speaker 5>a studio with Sony, So that's how it came together.

0:11:34.320 --> 0:11:36.240
<v Speaker 2>I have to jump in because if Schwartzman sounds familiar

0:11:36.320 --> 0:11:39.200
<v Speaker 2>to our audience, which it certainly does, Steve Schwartzman, of course,

0:11:39.280 --> 0:11:41.440
<v Speaker 2>is his father, Steve Schwartzman.

0:11:41.520 --> 0:11:42.240
<v Speaker 1>I've talked to him.

0:11:42.840 --> 0:11:45.439
<v Speaker 2>He's the co founder, our founder, i should say, a Blackstone,

0:11:45.760 --> 0:11:49.520
<v Speaker 2>the private equity giant. So it's kind of interesting to

0:11:49.559 --> 0:11:52.559
<v Speaker 2>have that funding behind this film and a film that

0:11:52.679 --> 0:11:56.360
<v Speaker 2>also kind of makes a little fun of right the

0:11:56.400 --> 0:11:59.120
<v Speaker 2>hedge fund dudes, I mean they really, you know, kind

0:11:59.160 --> 0:12:03.840
<v Speaker 2>of really were caught off guard during this whole you

0:12:03.840 --> 0:12:07.040
<v Speaker 2>know process, if you will, of the meme stock craze.

0:12:07.040 --> 0:12:08.440
<v Speaker 2>A lot of them are you know, shorting some of

0:12:08.480 --> 0:12:11.920
<v Speaker 2>these names, and it really was uncomfortable for them. I'm

0:12:11.960 --> 0:12:16.640
<v Speaker 2>curious about how you thought about their portrayal in the movie.

0:12:17.600 --> 0:12:20.720
<v Speaker 5>Well, you know, look, these are real people. Obviously, we

0:12:20.800 --> 0:12:23.280
<v Speaker 5>did a really good job at trying to tell the

0:12:23.320 --> 0:12:27.320
<v Speaker 5>truth here and Our job is first and foremost to

0:12:27.360 --> 0:12:31.320
<v Speaker 5>make a really compelling and entertaining movie, and just so

0:12:31.440 --> 0:12:33.880
<v Speaker 5>happens that the subject matter made it very easy for

0:12:33.960 --> 0:12:36.280
<v Speaker 5>us to be able to do that. So you know,

0:12:36.320 --> 0:12:39.960
<v Speaker 5>we weren't out to try to overly uilify anybody. It

0:12:40.080 --> 0:12:42.080
<v Speaker 5>was just to tell an honest story of what happened

0:12:42.080 --> 0:12:43.760
<v Speaker 5>in this one particular.

0:12:43.320 --> 0:12:44.080
<v Speaker 3>Moment in time.

0:12:44.800 --> 0:12:47.520
<v Speaker 1>Well exactly. Talk to us too about the actors.

0:12:47.520 --> 0:12:51.839
<v Speaker 2>The lineup is pretty amazing, Paul, Pete Davidson, Yeah, talk

0:12:51.880 --> 0:12:53.280
<v Speaker 2>to us about this cast.

0:12:53.800 --> 0:12:54.440
<v Speaker 3>Sure, sure.

0:12:54.480 --> 0:12:57.720
<v Speaker 5>I mean, look, it all started with Paul Dano because

0:12:57.800 --> 0:13:00.240
<v Speaker 5>we you know, the face of this movement, as we

0:13:00.280 --> 0:13:03.319
<v Speaker 5>said before, is Keith Gill, and who's going to play that.

0:13:03.400 --> 0:13:07.439
<v Speaker 5>He's iconic now, and so Paul is somebody that both

0:13:07.800 --> 0:13:10.120
<v Speaker 5>Craig and I really had been trying to find something

0:13:10.360 --> 0:13:12.760
<v Speaker 5>to do with. He's just an exceptional actor and he

0:13:12.880 --> 0:13:15.120
<v Speaker 5>just embodies Keith feel to such a degree. He's got

0:13:15.120 --> 0:13:17.720
<v Speaker 5>this great sense of humor and energy to him. And

0:13:17.760 --> 0:13:19.560
<v Speaker 5>I think you'll see Paul in the way you've never

0:13:19.559 --> 0:13:21.480
<v Speaker 5>seen him before. And as far as the rest of

0:13:21.480 --> 0:13:24.760
<v Speaker 5>the cast goes, it's an embarrassment of riches to be

0:13:24.800 --> 0:13:27.440
<v Speaker 5>honest with you. We have such a great lineup, mostly

0:13:27.480 --> 0:13:31.600
<v Speaker 5>people that have been friends myself or Craig have worked

0:13:31.600 --> 0:13:34.480
<v Speaker 5>with in the past, you know, between Seth Rogan and

0:13:34.600 --> 0:13:41.120
<v Speaker 5>Nick Offerman, Pete Davidson, Shaling Woodley, it's kind of a

0:13:41.160 --> 0:13:44.560
<v Speaker 5>remarkable ensemble and one I'm really proud of in a

0:13:44.640 --> 0:13:47.080
<v Speaker 5>testament to the fact that I think everybody knew this

0:13:47.240 --> 0:13:50.000
<v Speaker 5>story in one way or another wanted to get involved.

0:13:50.520 --> 0:13:51.080
<v Speaker 1>I love that.

0:13:51.880 --> 0:13:54.800
<v Speaker 2>Is it a little frustrating with the Hollywood Actors strike

0:13:55.040 --> 0:13:58.480
<v Speaker 2>that this incredible line up of actors can't be out

0:13:58.480 --> 0:14:00.079
<v Speaker 2>there talking about the movie.

0:14:00.960 --> 0:14:03.479
<v Speaker 3>A little frustrating, might ont.

0:14:03.640 --> 0:14:06.760
<v Speaker 2>Sorry, Yeah, it's it is.

0:14:06.880 --> 0:14:10.960
<v Speaker 5>It's it's unfortunate. But we feel like this moment is

0:14:11.000 --> 0:14:13.760
<v Speaker 5>the moment for this movie. Given what's going on in

0:14:13.800 --> 0:14:16.720
<v Speaker 5>the country, the division we have, the fact that we

0:14:16.800 --> 0:14:19.160
<v Speaker 5>all live through this, it just feels like this is

0:14:19.200 --> 0:14:22.040
<v Speaker 5>the right kind of movement and right kind of moment

0:14:22.160 --> 0:14:24.560
<v Speaker 5>for a film like this, you know, And I think

0:14:24.600 --> 0:14:26.840
<v Speaker 5>it's reflected in the strikes that we're seeing all throughout

0:14:26.880 --> 0:14:29.960
<v Speaker 5>the country, not just in in my in my line

0:14:30.000 --> 0:14:32.240
<v Speaker 5>of work with the actors and the writers going a.

0:14:32.240 --> 0:14:34.360
<v Speaker 3>Strike, but the you know, the auto workers and everyone else.

0:14:34.360 --> 0:14:37.640
<v Speaker 5>There's a lot of disparity out there, and I feel

0:14:37.640 --> 0:14:40.480
<v Speaker 5>like this movie does a good job of of of

0:14:41.160 --> 0:14:43.880
<v Speaker 5>highlighting that. So we've felt like now's the time to

0:14:44.520 --> 0:14:47.160
<v Speaker 5>show this to the world. And yes, it's disappointing not

0:14:47.240 --> 0:14:49.520
<v Speaker 5>to have actors there because we went through the journey

0:14:49.520 --> 0:14:51.200
<v Speaker 5>with them, and it's always a lot of fun to

0:14:51.200 --> 0:14:53.960
<v Speaker 5>go out and promote a movie. But it's still it

0:14:53.960 --> 0:14:56.080
<v Speaker 5>seems to be generating a lot of interest. I like

0:14:56.120 --> 0:14:57.600
<v Speaker 5>to think that, you know, what do we need the

0:14:57.640 --> 0:14:58.080
<v Speaker 5>actors for?

0:14:58.200 --> 0:14:59.640
<v Speaker 1>Right out?

0:15:00.680 --> 0:15:03.600
<v Speaker 2>Your phone's ringing, Aaron, No, it's interesting. Well, the Times

0:15:03.640 --> 0:15:05.520
<v Speaker 2>I thought said it really well too. They said, you know,

0:15:05.720 --> 0:15:09.280
<v Speaker 2>your movie about a populist uprising, right, these you know,

0:15:09.560 --> 0:15:12.400
<v Speaker 2>kind of small retail investors. These guys just kind of

0:15:12.400 --> 0:15:15.880
<v Speaker 2>doing their thing on Reddit and elsewhere and really kind

0:15:15.880 --> 0:15:20.000
<v Speaker 2>of bringing down the establishment in terms of the trading environment.

0:15:20.000 --> 0:15:21.960
<v Speaker 2>And you think about these hedge fund titans, like it's

0:15:21.960 --> 0:15:24.920
<v Speaker 2>pretty remarkable. But you as you say, like, we also

0:15:24.960 --> 0:15:28.640
<v Speaker 2>are seeing workers really step out and speak up for

0:15:28.680 --> 0:15:31.840
<v Speaker 2>their own rights. In terms of Hollywood, what is it

0:15:31.880 --> 0:15:33.840
<v Speaker 2>that you know? I think about our audience, a smart

0:15:33.840 --> 0:15:37.680
<v Speaker 2>audience so needs to understand about what's really happening there

0:15:37.680 --> 0:15:39.680
<v Speaker 2>at those picket lines in a world where we're talking

0:15:39.720 --> 0:15:42.600
<v Speaker 2>a lot about, you know, the next level of artificial

0:15:42.600 --> 0:15:45.000
<v Speaker 2>intelligence and what kind of jobs that takes out and

0:15:45.640 --> 0:15:47.160
<v Speaker 2>what it means for the creative world.

0:15:48.440 --> 0:15:49.840
<v Speaker 3>I think it's you know, we look, we.

0:15:51.320 --> 0:15:54.080
<v Speaker 5>Reached the moment, an inflection point, if you will, And

0:15:54.600 --> 0:15:57.640
<v Speaker 5>most industries go through. The entertainment industry certainly has its

0:15:57.640 --> 0:15:59.640
<v Speaker 5>moments as well. It happened back in the early sixties

0:15:59.640 --> 0:16:02.560
<v Speaker 5>when actors went on strikes about residuals and that sort

0:16:02.600 --> 0:16:06.120
<v Speaker 5>of thing as television became more and more prominent, And

0:16:06.200 --> 0:16:09.200
<v Speaker 5>we're in that moment right now, and it's in a

0:16:09.360 --> 0:16:11.320
<v Speaker 5>large part it was probably going to happen a couple

0:16:11.320 --> 0:16:14.480
<v Speaker 5>of years ago, but the pandemic disruptive things, and so

0:16:14.600 --> 0:16:17.560
<v Speaker 5>this was a moment that was bound to happen with this,

0:16:17.720 --> 0:16:20.000
<v Speaker 5>you know, the proliferation of streamers and that sort of

0:16:20.040 --> 0:16:23.120
<v Speaker 5>thing changing our business dramatically, which it has.

0:16:23.160 --> 0:16:24.280
<v Speaker 3>And so with that sort of.

0:16:24.280 --> 0:16:28.000
<v Speaker 5>Change comes to recalibration of how people are patent and

0:16:28.440 --> 0:16:32.320
<v Speaker 5>what fair wages mean, and so, you know, not just

0:16:32.360 --> 0:16:35.960
<v Speaker 5>in this industry, but I think in multiple industries across

0:16:36.040 --> 0:16:39.640
<v Speaker 5>this country. So we're in that moment right now and

0:16:39.720 --> 0:16:42.240
<v Speaker 5>we're all feeling and I hope it things settle sooner

0:16:42.280 --> 0:16:45.680
<v Speaker 5>than later and we find that common ground affairness, so

0:16:45.720 --> 0:16:46.880
<v Speaker 5>everybody can get back to work.

0:16:47.040 --> 0:16:48.560
<v Speaker 1>You just have about a minute and a half left here.

0:16:48.600 --> 0:16:50.320
<v Speaker 2>Is there for a favorite moment of yours in terms

0:16:50.320 --> 0:16:53.040
<v Speaker 2>of making the movie or you know the process.

0:16:54.480 --> 0:16:55.720
<v Speaker 1>I know it's hard for you to be.

0:16:55.720 --> 0:16:59.200
<v Speaker 2>Like, yeah, it's my favorites, my baby or my latest baby.

0:16:58.880 --> 0:17:01.080
<v Speaker 1>But is there you know, take as a little bit

0:17:01.120 --> 0:17:01.880
<v Speaker 1>behind the scenes.

0:17:03.080 --> 0:17:05.840
<v Speaker 5>It's two things, you know, Like it's hard, as we said,

0:17:05.880 --> 0:17:08.439
<v Speaker 5>it's hard making the film and pulling all these elements together,

0:17:08.480 --> 0:17:10.280
<v Speaker 5>and it takes a lot of energy and certainly a

0:17:10.320 --> 0:17:12.840
<v Speaker 5>lot of money, and you have to hope that the

0:17:12.880 --> 0:17:14.320
<v Speaker 5>movie gods smile upon you.

0:17:14.359 --> 0:17:17.200
<v Speaker 3>But for me, it's always two moments in any given film.

0:17:17.240 --> 0:17:19.520
<v Speaker 5>It's the moment when you pull a whole thing together

0:17:19.560 --> 0:17:23.120
<v Speaker 5>on the first day of photography, and I think about

0:17:23.119 --> 0:17:24.719
<v Speaker 5>it all the way to the first moment made up

0:17:24.760 --> 0:17:27.479
<v Speaker 5>until now, and when you're standing behind the director and

0:17:27.520 --> 0:17:29.760
<v Speaker 5>you got the whole everybody ready to go, and the

0:17:29.800 --> 0:17:33.399
<v Speaker 5>director kind of says action to me, It's like, I

0:17:33.440 --> 0:17:36.879
<v Speaker 5>feel like a moment of triumph in that moment, thinking Okay,

0:17:36.920 --> 0:17:40.240
<v Speaker 5>well this is happening now and this story will be indelible.

0:17:41.240 --> 0:17:43.240
<v Speaker 3>Those kind of moments are never lost to me. The

0:17:43.280 --> 0:17:46.360
<v Speaker 3>second part is when you show your film for the.

0:17:46.320 --> 0:17:48.320
<v Speaker 5>First time in front of a large audience, like we

0:17:48.400 --> 0:17:51.159
<v Speaker 5>had the opportunity to do in Toronto, and have an

0:17:51.160 --> 0:17:54.199
<v Speaker 5>audience received the film the way it did, with a

0:17:54.240 --> 0:17:56.840
<v Speaker 5>standing ovation the way we had, and just see how

0:17:57.280 --> 0:17:59.080
<v Speaker 5>people really enjoyed the film.

0:17:59.400 --> 0:18:00.720
<v Speaker 3>There's nothing more rewarding.

0:18:01.200 --> 0:18:02.960
<v Speaker 2>Well, we're looking forward to see it. I have to

0:18:02.960 --> 0:18:04.960
<v Speaker 2>say I haven't seen it yet, but I will. I

0:18:05.000 --> 0:18:08.760
<v Speaker 2>certainly lived it reporting on it. So fascinating to see

0:18:08.880 --> 0:18:11.199
<v Speaker 2>the interpretation that you guys did, because it really was

0:18:11.640 --> 0:18:14.480
<v Speaker 2>a remarkable moment in time for anybody who's been watching

0:18:14.480 --> 0:18:15.440
<v Speaker 2>financial markets.

0:18:15.440 --> 0:18:17.800
<v Speaker 1>Another remarkable moment in time. And good to see you

0:18:17.800 --> 0:18:18.960
<v Speaker 1>guys put it to the big screen.

0:18:19.600 --> 0:18:22.359
<v Speaker 2>Aaron, good luck with it. Aaron Ryder, producer of dub Money.

0:18:22.400 --> 0:18:26.000
<v Speaker 2>As we said, opening nationally on the big screen this

0:18:26.280 --> 0:18:28.240
<v Speaker 2>Friday today, so check it out.

0:18:28.280 --> 0:18:30.600
<v Speaker 1>He's joining us, of course on zoom in Los Angeles,