1 00:00:07,520 --> 00:00:11,159 Speaker 1: Welcome to another episode of Strictly Business, the podcast in 2 00:00:11,200 --> 00:00:13,280 Speaker 1: which we speak with some of the brightest minds in 3 00:00:13,320 --> 00:00:18,200 Speaker 1: the media business today. I'm Andrew Wallenstein with Variety. The 4 00:00:18,320 --> 00:00:23,640 Speaker 1: unscripted series The Challenge returns to MTV on August fourteenth 5 00:00:23,720 --> 00:00:27,560 Speaker 1: for the fortieth season. That is one of four different 6 00:00:27,640 --> 00:00:31,159 Speaker 1: versions of the series that runs across various platforms of 7 00:00:31,200 --> 00:00:35,800 Speaker 1: the Paramount Global Empire, produced by the production company Buna Murray, 8 00:00:36,200 --> 00:00:39,880 Speaker 1: which is run by my next guest, Julie Peasey. Who 9 00:00:39,960 --> 00:00:41,919 Speaker 1: better to get a sense of what's going on in 10 00:00:41,960 --> 00:00:44,080 Speaker 1: reality TV these days. 11 00:00:43,840 --> 00:00:58,760 Speaker 2: So stick around, Welcome back. 12 00:00:58,800 --> 00:01:02,600 Speaker 1: We're talking with Julie, president of not one but two 13 00:01:02,680 --> 00:01:07,480 Speaker 1: different unscripted production companies owned by the French media giant Banajet. 14 00:01:07,840 --> 00:01:12,240 Speaker 1: Recent shows under her oversight include vander pump Villa, The 15 00:01:12,280 --> 00:01:17,399 Speaker 1: Family stallone, and four different versions of Below Deck. Thanks 16 00:01:17,440 --> 00:01:19,720 Speaker 1: for making some time, Julie, Thank you for having me. 17 00:01:20,040 --> 00:01:23,080 Speaker 1: So let's start with the Challenge. I'm still trying to 18 00:01:23,120 --> 00:01:25,679 Speaker 1: wrap my head around those factoids I dropped at the 19 00:01:25,720 --> 00:01:30,080 Speaker 1: top of the episode. Forty seasons, four different versions. I mean, 20 00:01:30,600 --> 00:01:34,000 Speaker 1: if you told me thirty years ago that the real 21 00:01:34,040 --> 00:01:37,720 Speaker 1: world that seminal reality TV show would be like an 22 00:01:37,800 --> 00:01:41,800 Speaker 1: afterthought today, and that The Challenge, the spin off of 23 00:01:41,840 --> 00:01:45,080 Speaker 1: the Real World, would be still going strong and as 24 00:01:45,160 --> 00:01:49,320 Speaker 1: a multi tentacle franchise all these years later. I mean, 25 00:01:50,160 --> 00:01:52,680 Speaker 1: I need to sit down. How did this happen? 26 00:01:53,360 --> 00:01:56,400 Speaker 3: I mean, it is really an incredible accomplishment, and it's 27 00:01:56,400 --> 00:01:59,200 Speaker 3: such a testament to all the creativity and all of 28 00:01:59,240 --> 00:02:02,440 Speaker 3: the different executives that have sort of served on the 29 00:02:02,480 --> 00:02:05,920 Speaker 3: show over the years. But you know, the show was 30 00:02:05,960 --> 00:02:09,720 Speaker 3: sort of it really was one of the first franchises 31 00:02:09,840 --> 00:02:13,519 Speaker 3: born out of other franchise shows, which was The Real 32 00:02:13,560 --> 00:02:18,720 Speaker 3: World and then Road Rules, and then really looking at 33 00:02:18,760 --> 00:02:21,320 Speaker 3: something that so many networks are doing now, which is 34 00:02:21,440 --> 00:02:25,600 Speaker 3: really extending the life of these incredible characters that we 35 00:02:25,639 --> 00:02:28,640 Speaker 3: spend months and months finding, we put them on a show, 36 00:02:29,120 --> 00:02:31,520 Speaker 3: they resonate with the audience, and then it's like, what 37 00:02:31,560 --> 00:02:35,320 Speaker 3: do you do next? So what the Challenge really did 38 00:02:35,560 --> 00:02:37,880 Speaker 3: was take all of these great characters from The Challenge, 39 00:02:38,160 --> 00:02:41,040 Speaker 3: from the excuse me, the Real World franchise, and the 40 00:02:41,120 --> 00:02:43,239 Speaker 3: Road Rules franchise, and then have them in sort of 41 00:02:43,240 --> 00:02:46,000 Speaker 3: a different organization where we could continue to see them 42 00:02:46,040 --> 00:02:48,799 Speaker 3: grow and then also just see them compete and really 43 00:02:48,880 --> 00:02:50,079 Speaker 3: see a different side of them. 44 00:02:50,400 --> 00:02:53,960 Speaker 1: And we should explain for the uninitiated when we say compete, 45 00:02:54,960 --> 00:02:56,960 Speaker 1: explain what the challenge actually is. 46 00:02:57,560 --> 00:03:02,840 Speaker 3: The challenge is a massive, very competitive game format, and 47 00:03:02,919 --> 00:03:05,960 Speaker 3: it's where we change it every year, so you know, 48 00:03:06,520 --> 00:03:09,400 Speaker 3: the seeds of the show always remain the same x 49 00:03:09,440 --> 00:03:12,640 Speaker 3: amount of characters. Usually thirty plus characters show up for 50 00:03:12,680 --> 00:03:16,040 Speaker 3: a season, and they're usually vying for a big cash 51 00:03:16,080 --> 00:03:19,919 Speaker 3: prize and they compete against each other over the course 52 00:03:20,040 --> 00:03:23,640 Speaker 3: of you know, ten weeks in challenges and then if 53 00:03:23,680 --> 00:03:26,240 Speaker 3: you are sort of voted into elimination, you have a 54 00:03:26,280 --> 00:03:29,080 Speaker 3: shot to defend your title and go back into the game, 55 00:03:29,160 --> 00:03:32,040 Speaker 3: and somebody goes home in every episode, and that's sort 56 00:03:32,040 --> 00:03:35,120 Speaker 3: of the standard by which the game is played. But 57 00:03:35,400 --> 00:03:38,480 Speaker 3: the thing that's so different about this game is that, 58 00:03:39,080 --> 00:03:42,680 Speaker 3: you know, like all other games, there's like strategy, there's 59 00:03:42,840 --> 00:03:49,400 Speaker 3: obviously athletic ability, but the social game and the relationships 60 00:03:49,400 --> 00:03:52,320 Speaker 3: that are built over the years on this show are 61 00:03:52,640 --> 00:03:55,440 Speaker 3: very different than any other franchise series. I mean, some 62 00:03:55,520 --> 00:03:58,720 Speaker 3: of these cast members go twenty five years deep with 63 00:03:58,760 --> 00:03:59,200 Speaker 3: each other. 64 00:03:59,720 --> 00:04:06,200 Speaker 1: It's just it's ridiculous how durable this franchise has become 65 00:04:06,440 --> 00:04:10,680 Speaker 1: and you know, it's just interesting. It's one of I 66 00:04:10,720 --> 00:04:13,280 Speaker 1: don't know if it's a handful, probably much more than 67 00:04:13,280 --> 00:04:18,360 Speaker 1: a handful of We call them franchises, but there is 68 00:04:18,440 --> 00:04:22,120 Speaker 1: this collection of shows where I don't even think franchise 69 00:04:22,160 --> 00:04:26,159 Speaker 1: does it justice anymore. You could almost call it unscripted 70 00:04:26,279 --> 00:04:35,040 Speaker 1: cinematic universes because they spawn, you know, multiple series. Really, honestly, 71 00:04:35,120 --> 00:04:37,880 Speaker 1: if you use you know, the language of TV, it's 72 00:04:37,960 --> 00:04:42,400 Speaker 1: really fair to say they become TV networks onto themselves. 73 00:04:42,440 --> 00:04:46,560 Speaker 1: They just don't get TV networks, but the tonnage could 74 00:04:46,600 --> 00:04:51,080 Speaker 1: easily fill a linear channel. So my question for you, well, 75 00:04:51,080 --> 00:04:54,800 Speaker 1: first of all, is that a fair estimation? And number two, 76 00:04:55,400 --> 00:04:58,440 Speaker 1: is that a sign of the health of the genre, 77 00:04:58,760 --> 00:05:02,240 Speaker 1: or perhaps it's actually the opposite, is maybe a sign 78 00:05:02,320 --> 00:05:07,200 Speaker 1: of the sickness of the broader medium of television that 79 00:05:07,240 --> 00:05:12,960 Speaker 1: it's become so reliant on these unscripted franchises. 80 00:05:13,560 --> 00:05:16,360 Speaker 3: Well, I love what you're saying, because we really do 81 00:05:17,839 --> 00:05:21,080 Speaker 3: have a lot of respect for the franchises that sort 82 00:05:21,120 --> 00:05:23,840 Speaker 3: of have endured the test of time, and we feel 83 00:05:23,839 --> 00:05:27,640 Speaker 3: grateful with our partners at MTV to have one of them. 84 00:05:28,200 --> 00:05:30,920 Speaker 3: But I think there's there's more to it. I think 85 00:05:31,000 --> 00:05:33,400 Speaker 3: that like all shows, there are shows that have been 86 00:05:33,400 --> 00:05:35,960 Speaker 3: on the air for twenty plus seasons, even thirty season, 87 00:05:36,000 --> 00:05:39,960 Speaker 3: I mean twenty plus years, thirty years, there's an appetite. 88 00:05:40,360 --> 00:05:44,320 Speaker 3: And I say, like without hesitation, that unscripted still remains 89 00:05:44,360 --> 00:05:50,160 Speaker 3: the most economical way to satisfy audience's appetite for new programming. 90 00:05:50,560 --> 00:05:53,119 Speaker 3: I mean, the truth is is that you know, even 91 00:05:53,240 --> 00:05:56,800 Speaker 3: some of the most expensive unscripted shows are still far 92 00:05:56,960 --> 00:06:00,760 Speaker 3: cheaper than any of the obviously the scripted fans. So 93 00:06:01,000 --> 00:06:03,400 Speaker 3: I think that there's always the opportunity to be able 94 00:06:03,440 --> 00:06:06,919 Speaker 3: to do more and to really feed into sort of 95 00:06:06,960 --> 00:06:09,920 Speaker 3: the fandom and the challenge and a lot of other 96 00:06:09,960 --> 00:06:12,800 Speaker 3: shows as well have just such a robust fandom. So 97 00:06:13,040 --> 00:06:15,280 Speaker 3: that really does what they find is when they put 98 00:06:15,279 --> 00:06:17,680 Speaker 3: a new season on, people watch, So that really does 99 00:06:17,720 --> 00:06:20,280 Speaker 3: grow the appetite and it really keeps it relevant enough 100 00:06:20,320 --> 00:06:25,040 Speaker 3: to continue to add spinoffs into that model and to 101 00:06:25,200 --> 00:06:28,040 Speaker 3: really be able to produce the shows every season. 102 00:06:28,480 --> 00:06:31,640 Speaker 1: And I get what you mean by economical, And we 103 00:06:31,640 --> 00:06:34,000 Speaker 1: should point out you've got more than one of these 104 00:06:34,240 --> 00:06:39,080 Speaker 1: unscripted cinematic universes over at you know, you've got obviously 105 00:06:39,080 --> 00:06:41,800 Speaker 1: you oversee Bun and Murray You also, as a few 106 00:06:41,880 --> 00:06:45,279 Speaker 1: years ago, added a second company in fifty one Minds, 107 00:06:45,839 --> 00:06:50,520 Speaker 1: which has the Blow Deck Cinematic Universe over at Bravo, 108 00:06:50,720 --> 00:06:54,679 Speaker 1: which it just seems like it never goes off the air. 109 00:06:54,839 --> 00:06:56,040 Speaker 2: It's just on Bravo. 110 00:06:56,200 --> 00:07:00,680 Speaker 1: But it's like season after season after season, and I 111 00:07:00,880 --> 00:07:04,240 Speaker 1: have to wonder whether do you or Bravo ever get 112 00:07:04,279 --> 00:07:06,800 Speaker 1: concerned that it's like, isn't there something to be said 113 00:07:06,800 --> 00:07:09,880 Speaker 1: for like letting the field life fallow for a bit, 114 00:07:10,040 --> 00:07:13,600 Speaker 1: and like you know, absence makes the heart grow fonder, 115 00:07:13,680 --> 00:07:15,800 Speaker 1: But it feels like you guys never take a break. 116 00:07:15,960 --> 00:07:18,880 Speaker 3: Well, from a business standpoint, and this is a business podcast, 117 00:07:18,880 --> 00:07:21,160 Speaker 3: I would say I hope that never happens. That we 118 00:07:21,240 --> 00:07:23,680 Speaker 3: love having it on all the time. But I think 119 00:07:23,720 --> 00:07:25,640 Speaker 3: really what it comes down to is that you know, 120 00:07:25,720 --> 00:07:29,679 Speaker 3: proven ratings, so you know, if the show continues to perform, 121 00:07:29,720 --> 00:07:32,480 Speaker 3: and it does perform incredibly well, and it also has 122 00:07:32,520 --> 00:07:37,840 Speaker 3: a really robust fan base, there's no reason why a 123 00:07:37,920 --> 00:07:40,440 Speaker 3: network like Bravo can't continue to feed that. 124 00:07:40,800 --> 00:07:47,720 Speaker 1: Okay makes sense now, Also, I totally agree it's economical 125 00:07:47,800 --> 00:07:53,400 Speaker 1: when you compare to scripted, but are there rising costs 126 00:07:53,840 --> 00:07:58,760 Speaker 1: when it comes to the best unscripted programming, I assume, 127 00:07:58,920 --> 00:08:02,200 Speaker 1: you know, it's not as cheap as it used to be. 128 00:08:02,920 --> 00:08:06,240 Speaker 1: And you know, there's of course now all this talk 129 00:08:06,400 --> 00:08:11,240 Speaker 1: and maybe it's just talk about the potential for unionization 130 00:08:11,880 --> 00:08:19,600 Speaker 1: among unscripted talent that I assume will potentially rise costs. So, 131 00:08:20,480 --> 00:08:24,560 Speaker 1: whether it's rising costs in general or the potential of unionization, 132 00:08:25,440 --> 00:08:27,400 Speaker 1: how do you feel about these trends. 133 00:08:27,920 --> 00:08:30,320 Speaker 3: I mean, you know, nothing is really as cheap as 134 00:08:30,360 --> 00:08:35,120 Speaker 3: it used to be, so certainly reality programming or unscripted programming, 135 00:08:35,240 --> 00:08:38,040 Speaker 3: the costs have also risen. I think really even just 136 00:08:38,040 --> 00:08:40,480 Speaker 3: in the last twenty four months. I think as we 137 00:08:40,720 --> 00:08:43,360 Speaker 3: really tried to keep our budgets flat, or the networks 138 00:08:43,400 --> 00:08:46,000 Speaker 3: try to keep our budgets flat or even sometimes decrease them, 139 00:08:46,360 --> 00:08:48,240 Speaker 3: I think one of the things that we're really you know, 140 00:08:48,520 --> 00:08:51,560 Speaker 3: the bigger struggle is just finding, you know, ways to 141 00:08:51,679 --> 00:08:55,840 Speaker 3: navigate like increased flight costs, fuel costs, food costs, and 142 00:08:55,920 --> 00:08:59,000 Speaker 3: labor costs. So you know, and I do I have 143 00:08:59,280 --> 00:09:02,280 Speaker 3: noticed really, particularly with flights, they've really gone up a 144 00:09:02,320 --> 00:09:04,280 Speaker 3: lot in the last twenty four months. But we always 145 00:09:04,360 --> 00:09:06,280 Speaker 3: think like maybe this is just sort of a moment 146 00:09:06,320 --> 00:09:09,280 Speaker 3: in time and not permanent. And then in terms of talent, 147 00:09:09,559 --> 00:09:12,199 Speaker 3: I think talent costs have one hundred percent gone up 148 00:09:12,280 --> 00:09:16,240 Speaker 3: a lot, and actually they're quite competitive with Union shows 149 00:09:16,280 --> 00:09:20,440 Speaker 3: as well. I mean, you know, obviously first season, brand 150 00:09:20,480 --> 00:09:26,280 Speaker 3: new people that are entering into unscripted have more you know, 151 00:09:26,559 --> 00:09:28,840 Speaker 3: their rates are not as high. But once you're bringing 152 00:09:28,880 --> 00:09:33,600 Speaker 3: in people that have been proven, that are of celebrity, 153 00:09:33,880 --> 00:09:36,280 Speaker 3: that have been in multiple shows, they you know, they 154 00:09:36,320 --> 00:09:41,000 Speaker 3: really do get a really competitive fee to participate in unscripted. 155 00:09:41,280 --> 00:09:44,560 Speaker 1: But I'm wondering even for something like you know, your 156 00:09:44,559 --> 00:09:48,079 Speaker 1: own below deck, where you're not for what I understand, 157 00:09:48,200 --> 00:09:53,040 Speaker 1: bringing in celebrities, they're part in the pun. You know, 158 00:09:53,679 --> 00:09:57,000 Speaker 1: they're fresh off the boat to bring on the boat. 159 00:09:57,280 --> 00:09:59,400 Speaker 3: There's so many puns. There's so many with below deck. 160 00:09:59,400 --> 00:10:01,400 Speaker 3: We use them all the time. We can't even help ourselves. 161 00:10:02,240 --> 00:10:06,440 Speaker 1: I'll keep them coming. But even for those people, maybe 162 00:10:06,440 --> 00:10:08,520 Speaker 1: it's not even just a matter of cost. I'm just 163 00:10:08,600 --> 00:10:12,440 Speaker 1: wondering whether, like, is there just an increasing sophistication among 164 00:10:12,640 --> 00:10:15,440 Speaker 1: those who are to use that pun again off the 165 00:10:15,440 --> 00:10:18,760 Speaker 1: boat in terms of like what their demands are, what 166 00:10:18,840 --> 00:10:23,080 Speaker 1: their expectations are as we come into this, perhaps more 167 00:10:23,120 --> 00:10:29,400 Speaker 1: sophisticated world of people know what to expect when they 168 00:10:29,840 --> 00:10:32,599 Speaker 1: do these shows, and they want to be more protected. 169 00:10:32,920 --> 00:10:35,520 Speaker 3: I mean in terms of like sort of the financials. 170 00:10:35,640 --> 00:10:39,199 Speaker 3: I think what we've sort of found is that if 171 00:10:39,240 --> 00:10:41,520 Speaker 3: you go back to the early seasons of the real world, 172 00:10:41,600 --> 00:10:44,880 Speaker 3: for example, those cast members didn't have all of these 173 00:10:44,920 --> 00:10:48,959 Speaker 3: extended opportunities to make money on themselves as a brand. 174 00:10:49,920 --> 00:10:52,840 Speaker 3: What we sort of learned over the years is many 175 00:10:52,920 --> 00:10:56,200 Speaker 3: of the participants in unscripted, because they're playing themselves, they're 176 00:10:56,200 --> 00:10:59,359 Speaker 3: not playing a character they are playing, they are themselves, 177 00:11:00,120 --> 00:11:04,000 Speaker 3: have the opportunity to make significantly more money than what 178 00:11:04,040 --> 00:11:07,439 Speaker 3: they're making on the show and sort of on their 179 00:11:07,480 --> 00:11:11,960 Speaker 3: social media platforms and endorsements. So in a way, the 180 00:11:12,040 --> 00:11:16,160 Speaker 3: shows become sort of the gateway to getting into a 181 00:11:16,400 --> 00:11:19,520 Speaker 3: separate business model that provides for them on such a 182 00:11:19,559 --> 00:11:20,280 Speaker 3: greater level. 183 00:11:20,679 --> 00:11:24,360 Speaker 1: Okay, well, I mean there's been a lot of headlines 184 00:11:24,400 --> 00:11:27,400 Speaker 1: and I don't think they're to be fair, not necessarily 185 00:11:28,280 --> 00:11:32,040 Speaker 1: related to your programs, but certainly to programs that are 186 00:11:32,080 --> 00:11:36,520 Speaker 1: on networks that you probably do business with. And I 187 00:11:36,559 --> 00:11:39,600 Speaker 1: think unscripted TV and I think they've been you know, 188 00:11:39,640 --> 00:11:42,640 Speaker 1: the genre has been dealing with this probably throughout its existence, 189 00:11:43,160 --> 00:11:46,680 Speaker 1: but there's probably a sense that the genre needs to 190 00:11:46,760 --> 00:11:51,400 Speaker 1: clean up its act. Do you feel the sense that 191 00:11:51,559 --> 00:11:55,440 Speaker 1: there's that pressure out there? Do you feel that maybe 192 00:11:55,440 --> 00:11:58,120 Speaker 1: there's bad apples that are spoiling the bunch? 193 00:11:58,280 --> 00:12:01,120 Speaker 3: You know. I what we've sort of done is what 194 00:12:01,160 --> 00:12:05,440 Speaker 3: we do consistently as a company and also as a brand, 195 00:12:06,080 --> 00:12:09,280 Speaker 3: is we work really closely with the network to constantly 196 00:12:09,360 --> 00:12:15,079 Speaker 3: refine sort of the rules of engagement, the protocols careen custody. 197 00:12:15,559 --> 00:12:19,520 Speaker 3: You know, we've all learned a lot about careen custody 198 00:12:19,640 --> 00:12:25,320 Speaker 3: over the course of thirty years of unscripted history, and 199 00:12:25,360 --> 00:12:30,040 Speaker 3: there's really more intention than ever before to make sure 200 00:12:30,080 --> 00:12:33,480 Speaker 3: that our cast mental health is you know, is a 201 00:12:33,520 --> 00:12:38,319 Speaker 3: consideration that people feel that they have the fortitude to 202 00:12:38,360 --> 00:12:41,560 Speaker 3: basically participate in these shows because they can be intense. 203 00:12:42,240 --> 00:12:46,480 Speaker 3: So there is sort of certainly a swing of the pendulum, 204 00:12:46,640 --> 00:12:49,840 Speaker 3: and it has been for like many years to really 205 00:12:49,960 --> 00:12:53,880 Speaker 3: help people sort of navigate the business that is real 206 00:12:54,160 --> 00:12:57,120 Speaker 3: because it's not scripted and people aren't just like ending 207 00:12:57,120 --> 00:13:01,360 Speaker 3: when they call cut. It's a twenty four hour experience 208 00:13:01,480 --> 00:13:03,960 Speaker 3: that a lot of these participants are put in, whereas 209 00:13:04,000 --> 00:13:06,560 Speaker 3: like they're really doing a job on below deck, and 210 00:13:06,720 --> 00:13:09,400 Speaker 3: of course they have off duty hours, but the cameras 211 00:13:09,400 --> 00:13:12,720 Speaker 3: are always there and that is not for everyone. And 212 00:13:12,960 --> 00:13:15,440 Speaker 3: I think that until you experience it, you don't know 213 00:13:15,480 --> 00:13:17,800 Speaker 3: how you react to it. So we've really worked hard 214 00:13:17,840 --> 00:13:21,240 Speaker 3: to put safeguards in place for our cast to really 215 00:13:21,320 --> 00:13:25,240 Speaker 3: have a good experience and to step in when they're not. 216 00:13:26,200 --> 00:13:29,280 Speaker 1: We'll be right back with more with Julie Peasy of 217 00:13:29,960 --> 00:13:42,760 Speaker 1: Banajet's fifty one Minds and Buni Murray Productions. And we 218 00:13:42,920 --> 00:13:48,400 Speaker 1: are back with Julie Peasy Unscripted TV Guru with many 219 00:13:48,559 --> 00:13:54,640 Speaker 1: credits from The Challenge to other upcoming shows like vander 220 00:13:54,679 --> 00:13:56,640 Speaker 1: pump Villa, The Family, Stallone and. 221 00:13:56,640 --> 00:13:57,560 Speaker 2: Much much more. 222 00:13:58,200 --> 00:13:59,960 Speaker 1: Julie, I want to get a sense of the unscript 223 00:14:00,280 --> 00:14:05,040 Speaker 1: marketplace right now. How do you feel in terms of 224 00:14:05,720 --> 00:14:08,480 Speaker 1: what are the hot genre or I should say hot 225 00:14:08,760 --> 00:14:14,720 Speaker 1: subgenres out there, Particular categories formats that you think are 226 00:14:15,720 --> 00:14:17,560 Speaker 1: in demand among buyers. 227 00:14:18,000 --> 00:14:20,160 Speaker 3: I mean, one of the things that we're hearing a 228 00:14:20,200 --> 00:14:23,720 Speaker 3: lot about right now is obviously crime crime docs are 229 00:14:23,760 --> 00:14:27,120 Speaker 3: doing really well, and then anything to do with sports. 230 00:14:27,440 --> 00:14:29,840 Speaker 3: I mean, there was a time when nobody would hear 231 00:14:29,840 --> 00:14:33,600 Speaker 3: a sports pitch and now it's like the opportunity has 232 00:14:33,680 --> 00:14:36,800 Speaker 3: really risen. There's an audience that is built, it's been tested, 233 00:14:37,200 --> 00:14:39,880 Speaker 3: and it works. So you know, we're certainly developing in 234 00:14:39,880 --> 00:14:44,480 Speaker 3: those spaces and that we're always developing and dating, social experiment, 235 00:14:45,640 --> 00:14:50,320 Speaker 3: competition genres that we're sort of really we're really strong 236 00:14:50,400 --> 00:14:53,520 Speaker 3: in as a brand, but also that we feel like 237 00:14:53,600 --> 00:14:57,760 Speaker 3: do incredibly well. I mean, just this summer looking and 238 00:14:57,840 --> 00:14:59,800 Speaker 3: this is not a show that I have anything to do, 239 00:15:00,240 --> 00:15:02,440 Speaker 3: but I'm just you know, speaking in terms of like 240 00:15:02,560 --> 00:15:05,560 Speaker 3: something that I've just heard a lot about, and you know, 241 00:15:05,680 --> 00:15:10,240 Speaker 3: Love Island is really having such an impressive run. And 242 00:15:10,280 --> 00:15:13,440 Speaker 3: what's been really fascinating is that like young people are 243 00:15:13,480 --> 00:15:16,880 Speaker 3: watching it. They're watching it live. I mean, and I 244 00:15:16,920 --> 00:15:20,000 Speaker 3: say that because I have two teenage sons. They're fourteen 245 00:15:20,040 --> 00:15:23,920 Speaker 3: and seventeen, and they're watching a dating format and they're 246 00:15:23,960 --> 00:15:27,720 Speaker 3: watching it they like, and it's like twenty hours of content, 247 00:15:27,880 --> 00:15:30,560 Speaker 3: and they're watching it on Peacock and they are tuning 248 00:15:30,560 --> 00:15:33,240 Speaker 3: in for the finale that happened the other night, and 249 00:15:33,280 --> 00:15:36,680 Speaker 3: they're screaming from my living room. And I'm going to say, like, 250 00:15:36,800 --> 00:15:41,400 Speaker 3: hats off, because that is amazing and that really does 251 00:15:41,520 --> 00:15:45,400 Speaker 3: go to show that people really engage with these formats 252 00:15:45,440 --> 00:15:47,440 Speaker 3: and have a lot of fun watching them, and that's 253 00:15:47,520 --> 00:15:51,120 Speaker 3: dating and it's really successful. And I think that that 254 00:15:51,360 --> 00:15:55,000 Speaker 3: says a lot about the appetite right now and sort 255 00:15:55,040 --> 00:15:57,600 Speaker 3: of what people are looking for. And again, it's a 256 00:15:57,680 --> 00:16:00,720 Speaker 3: you know, it's a it's a it's a good day format, 257 00:16:00,800 --> 00:16:06,000 Speaker 3: but it's it's not doing something that feels like manipulative 258 00:16:06,240 --> 00:16:08,440 Speaker 3: or like a big left turn in the dating genre. 259 00:16:08,600 --> 00:16:11,040 Speaker 3: It's really kind of forward and you know what it is, 260 00:16:11,160 --> 00:16:13,200 Speaker 3: and people really get invested in characters. 261 00:16:13,560 --> 00:16:16,680 Speaker 1: And how do you feel about the state of play 262 00:16:16,760 --> 00:16:21,040 Speaker 1: right now among the potential buyers out there? I mean, 263 00:16:21,400 --> 00:16:24,960 Speaker 1: obviously you do a big chunk of business with Paramount Global, 264 00:16:25,080 --> 00:16:28,600 Speaker 1: which is, let's say, in a state of flux right now. 265 00:16:29,920 --> 00:16:33,440 Speaker 1: We don't know that there's going to be, say, the 266 00:16:33,480 --> 00:16:36,760 Speaker 1: same number of streamers that are in the marketplace maybe 267 00:16:37,040 --> 00:16:40,480 Speaker 1: a year from now. So how does how do you 268 00:16:40,520 --> 00:16:41,960 Speaker 1: feel about all that? Well? 269 00:16:42,000 --> 00:16:43,960 Speaker 3: I mean, I can only speak from my observations and 270 00:16:44,000 --> 00:16:48,000 Speaker 3: my experience running Peter MraY in fifty one, but what 271 00:16:48,040 --> 00:16:50,320 Speaker 3: I will say is that, you know, like all businesses, 272 00:16:50,360 --> 00:16:54,600 Speaker 3: the entertainment business has been involving a lot And the 273 00:16:54,640 --> 00:16:58,000 Speaker 3: biggest shift that I'm seeing is how shows are being 274 00:16:58,040 --> 00:17:01,800 Speaker 3: sold because network's, cable and streamers are all still buying 275 00:17:01,840 --> 00:17:04,800 Speaker 3: shows like We've sold this year eleven new shows, brand 276 00:17:04,840 --> 00:17:09,000 Speaker 3: new shows, not tethered to any like IP, and of 277 00:17:09,040 --> 00:17:12,040 Speaker 3: those shows, I would say the process has been like 278 00:17:12,400 --> 00:17:16,560 Speaker 3: the buyers are using like strategic caution, which means that 279 00:17:16,640 --> 00:17:18,719 Speaker 3: these shows are being taken off the market, but then 280 00:17:18,720 --> 00:17:22,000 Speaker 3: they're being put into development steps that are lengthier than 281 00:17:22,000 --> 00:17:24,760 Speaker 3: than maybe they've been in the past. But the difference 282 00:17:24,800 --> 00:17:27,720 Speaker 3: is is in the past, I feel like there was like, Okay, 283 00:17:28,240 --> 00:17:31,199 Speaker 3: we need this show, but it has to air in 284 00:17:31,280 --> 00:17:34,439 Speaker 3: six months, so like you're just rolling really fast to 285 00:17:34,480 --> 00:17:36,920 Speaker 3: get all the creative done and it's sort of straight 286 00:17:36,960 --> 00:17:41,960 Speaker 3: to series. Now it doesn't feel as though the air 287 00:17:42,040 --> 00:17:44,840 Speaker 3: dates are is imminent, so there's a lot more time 288 00:17:45,200 --> 00:17:49,800 Speaker 3: put into the development and it's very thoughtful and it's lengthy, 289 00:17:49,880 --> 00:17:52,960 Speaker 3: and sometimes it can take like a year before you 290 00:17:53,040 --> 00:17:55,879 Speaker 3: actually get to the green light meeting with your like 291 00:17:55,920 --> 00:17:59,159 Speaker 3: you know, your casting tapes, your presentation, your budget, your schedule, 292 00:17:59,160 --> 00:18:02,840 Speaker 3: your calendar, everything else. So that's kind of changed a 293 00:18:02,880 --> 00:18:05,280 Speaker 3: little bit where we're not getting that sort of immediacy. 294 00:18:05,960 --> 00:18:08,640 Speaker 3: And then the other thing that we've really noticed is that, 295 00:18:09,080 --> 00:18:12,000 Speaker 3: and this is particularly for shows that are returning, is 296 00:18:12,040 --> 00:18:15,080 Speaker 3: that the seasonality is changing a little bit. Whereas in 297 00:18:15,080 --> 00:18:17,439 Speaker 3: the past, and this goes back to air dates. In 298 00:18:17,480 --> 00:18:19,240 Speaker 3: the past, we could sort of count on a show 299 00:18:19,280 --> 00:18:22,080 Speaker 3: either coming back two seasons a year or at least one, 300 00:18:22,960 --> 00:18:25,680 Speaker 3: and now sometimes after we deliver a show, the air 301 00:18:25,760 --> 00:18:28,320 Speaker 3: dates not till fourteen months after that, so we almost 302 00:18:28,320 --> 00:18:30,800 Speaker 3: miss a window of a year. So I feel like 303 00:18:30,840 --> 00:18:34,040 Speaker 3: there's definitely an impact made with not that the show 304 00:18:34,080 --> 00:18:37,000 Speaker 3: is going away, it just the viewers are waiting longer 305 00:18:37,119 --> 00:18:39,760 Speaker 3: for it to hit the airwaves, which would then based 306 00:18:39,760 --> 00:18:43,000 Speaker 3: on those ratings, determine a commission for the next cycle. 307 00:18:43,560 --> 00:18:46,280 Speaker 3: So that's kind of one of the major ships that 308 00:18:46,320 --> 00:18:49,840 Speaker 3: we've sort of seen on our business side. But the 309 00:18:49,920 --> 00:18:53,159 Speaker 3: sales are still happening and there's still a lot of 310 00:18:53,240 --> 00:18:56,720 Speaker 3: interest in new programming. The process is longer. 311 00:18:56,680 --> 00:19:00,920 Speaker 1: And yet, as you pointed to those eleven transaction actions earlier, 312 00:19:01,320 --> 00:19:05,399 Speaker 1: you're doing well, which is great, but how do you 313 00:19:05,440 --> 00:19:06,400 Speaker 1: scid have. 314 00:19:06,359 --> 00:19:09,520 Speaker 3: To get them on the air. But we're pleased that 315 00:19:09,600 --> 00:19:12,480 Speaker 3: our development team is incredibly talented and we're still selling 316 00:19:12,520 --> 00:19:16,000 Speaker 3: projects to all of the buyers. They're still an appetite. 317 00:19:16,280 --> 00:19:19,840 Speaker 1: Okay, how do you square that appetite though with It 318 00:19:20,000 --> 00:19:23,800 Speaker 1: just feels like, whether it's on social media or in 319 00:19:23,840 --> 00:19:26,760 Speaker 1: some of the press coverage, it seems like there is 320 00:19:26,840 --> 00:19:31,679 Speaker 1: a ton of anxiety from the rank and file of 321 00:19:31,760 --> 00:19:37,000 Speaker 1: those who work in the unscripted world. A lot of 322 00:19:37,240 --> 00:19:40,720 Speaker 1: talk about there's not a lot of jobs out there, 323 00:19:41,200 --> 00:19:45,439 Speaker 1: the budgets aren't what they used to be. Just a 324 00:19:45,480 --> 00:19:50,280 Speaker 1: lot of pessimism out there, and is that an accurate 325 00:19:50,400 --> 00:19:53,760 Speaker 1: reflection of what's going on out there? Are there just 326 00:19:53,880 --> 00:19:59,200 Speaker 1: maybe some people that are complaining and distorting what's actually 327 00:19:59,680 --> 00:20:01,400 Speaker 1: the reality of the business. 328 00:20:02,160 --> 00:20:03,000 Speaker 2: What do you think? 329 00:20:03,280 --> 00:20:05,680 Speaker 3: I think there's some truth to all of this. I mean, 330 00:20:05,960 --> 00:20:11,879 Speaker 3: there are less shows in production right now in this 331 00:20:12,000 --> 00:20:15,159 Speaker 3: very moment. It's summer, but you know, we still are 332 00:20:15,200 --> 00:20:18,480 Speaker 3: shooting quite a few projects this summer. But usually in 333 00:20:18,520 --> 00:20:21,439 Speaker 3: the summer you can't hire anyone, so obviously there are 334 00:20:21,480 --> 00:20:24,000 Speaker 3: less projects. But I do think there's probably more projects 335 00:20:24,000 --> 00:20:27,359 Speaker 3: in development than ever before. There's I mean, certainly a 336 00:20:27,480 --> 00:20:31,200 Speaker 3: lot of development happening. But then I would lean back 337 00:20:31,240 --> 00:20:34,199 Speaker 3: into and even you know, as we work with buyers. 338 00:20:34,240 --> 00:20:38,320 Speaker 3: It's like this is betting on unscripted is a great 339 00:20:38,359 --> 00:20:42,080 Speaker 3: bet because unscripted, you know again, has a great price point, 340 00:20:42,359 --> 00:20:46,919 Speaker 3: has such engagement and audience, lots of fandom, and I 341 00:20:46,960 --> 00:20:49,640 Speaker 3: think that you can turn it over pretty quickly, which 342 00:20:49,720 --> 00:20:52,119 Speaker 3: you know not some of the scripted shows are so 343 00:20:52,359 --> 00:20:55,760 Speaker 3: remarkable and there's so many scenes in so many locations 344 00:20:56,160 --> 00:20:57,879 Speaker 3: that you know, it just takes longer to create. 345 00:20:58,240 --> 00:21:00,960 Speaker 1: But does it repeat well? Because it wasn't that the 346 00:21:01,040 --> 00:21:04,800 Speaker 1: knock the unscripted back in the day that oh, the 347 00:21:04,840 --> 00:21:07,640 Speaker 1: streamers don't want to buy this because you know, it's 348 00:21:07,640 --> 00:21:10,000 Speaker 1: not like a procedural where or people will be watching 349 00:21:10,080 --> 00:21:11,320 Speaker 1: it twenty years from now. 350 00:21:11,640 --> 00:21:15,200 Speaker 3: Well maybe, but I will say that, like people are 351 00:21:15,320 --> 00:21:19,760 Speaker 3: watching The Challenge on multiple platforms. They're watching old seasons 352 00:21:19,800 --> 00:21:22,520 Speaker 3: of The Challenge on Netflix, they're watching seasons of the 353 00:21:22,600 --> 00:21:26,359 Speaker 3: Challenge on Hulu. So I think that when people fall 354 00:21:26,400 --> 00:21:28,960 Speaker 3: in love with a genre, or fall in love with 355 00:21:29,160 --> 00:21:32,600 Speaker 3: even you know, one of the big formats, they'll go 356 00:21:32,680 --> 00:21:35,440 Speaker 3: back in time and watch some of the iconic series 357 00:21:35,440 --> 00:21:38,840 Speaker 3: that led up to it. I think that before we 358 00:21:38,960 --> 00:21:41,800 Speaker 3: had all of these streaming services, I don't think a 359 00:21:41,840 --> 00:21:44,760 Speaker 3: network would normally or a cable channel would program a 360 00:21:44,800 --> 00:21:48,159 Speaker 3: season five year from five years ago in prime time, 361 00:21:48,800 --> 00:21:51,560 Speaker 3: but to have these whole seasons, and when you look 362 00:21:51,560 --> 00:21:55,960 Speaker 3: at the challenge, there's forty living somewhere for people to consume. 363 00:21:56,160 --> 00:21:58,040 Speaker 3: They're still consumption happening. 364 00:21:58,480 --> 00:22:00,640 Speaker 1: And going back to what you were saying before about 365 00:22:00,640 --> 00:22:04,080 Speaker 1: where we are right now in summer and the seasonality, 366 00:22:04,840 --> 00:22:07,640 Speaker 1: step back, though, if you will, I'm curious to hear 367 00:22:07,720 --> 00:22:12,760 Speaker 1: you put unscripted in the context of the bigger picture 368 00:22:12,920 --> 00:22:15,959 Speaker 1: of the industry going back maybe a year or so, 369 00:22:16,240 --> 00:22:21,920 Speaker 1: in terms of how unscripted fared going into the strikes 370 00:22:22,520 --> 00:22:26,040 Speaker 1: and then after the strikes, and what a lot of 371 00:22:26,119 --> 00:22:31,040 Speaker 1: people say is a industry that is still in recovery 372 00:22:31,119 --> 00:22:35,359 Speaker 1: from the strikes. How has unscripted do you think fared 373 00:22:35,520 --> 00:22:38,160 Speaker 1: all along that arc that I've just described. 374 00:22:38,480 --> 00:22:41,640 Speaker 3: I think unscripted has been pretty consistent. What I will 375 00:22:41,720 --> 00:22:46,080 Speaker 3: say is post COVID, unscripted was able to get off 376 00:22:46,160 --> 00:22:49,120 Speaker 3: and running probably quicker than some of the scripted fair 377 00:22:49,640 --> 00:22:52,480 Speaker 3: So there was a lot, I mean more than I've 378 00:22:52,600 --> 00:22:56,480 Speaker 3: ever seen in my career of unscripted programming being made, 379 00:22:57,160 --> 00:23:00,480 Speaker 3: and a lot of that programming was airing the next 380 00:23:00,480 --> 00:23:05,080 Speaker 3: two years and we still Andrew have probably fifty to 381 00:23:05,240 --> 00:23:09,439 Speaker 3: sixty hours of programming that we produced eighteen months ago, 382 00:23:09,960 --> 00:23:12,840 Speaker 3: maybe a year ago, that has not yet aired. So 383 00:23:13,520 --> 00:23:16,199 Speaker 3: I think what we all saw was that when the 384 00:23:16,280 --> 00:23:19,120 Speaker 3: strike did happen, there was a lot of new program 385 00:23:19,119 --> 00:23:21,160 Speaker 3: It had just been produced a year before. 386 00:23:21,600 --> 00:23:24,359 Speaker 1: And you know, as you keep referring to this stuff 387 00:23:24,359 --> 00:23:28,320 Speaker 1: that's sitting on the shelf, does that get stale? 388 00:23:28,640 --> 00:23:30,119 Speaker 2: I mean, is. 389 00:23:30,119 --> 00:23:32,959 Speaker 1: There such a thing as sort of perishability when it 390 00:23:33,000 --> 00:23:34,560 Speaker 1: comes to unscripted content? 391 00:23:34,920 --> 00:23:37,120 Speaker 3: I think it depends on what the format is. I mean, 392 00:23:37,200 --> 00:23:41,800 Speaker 3: I think, you know, dating doesn't really have an expiration date. 393 00:23:42,280 --> 00:23:44,399 Speaker 3: I think if you lean into something that has a 394 00:23:44,400 --> 00:23:47,400 Speaker 3: real urgency and it has to do with something that's 395 00:23:47,400 --> 00:23:51,000 Speaker 3: sort of of the moment, that can certainly wane over time. 396 00:23:51,560 --> 00:23:54,240 Speaker 1: And when you say that, I think about certain shows 397 00:23:54,400 --> 00:24:00,000 Speaker 1: where there's this strange, uneasy but sometimes symbiotic co exist 398 00:24:00,000 --> 00:24:04,639 Speaker 1: distance between what happens on camera and then what plays 399 00:24:04,680 --> 00:24:08,440 Speaker 1: out on social media, where it's like social media tends 400 00:24:08,440 --> 00:24:13,159 Speaker 1: to sort of scoop what happens on camera but also 401 00:24:13,520 --> 00:24:17,680 Speaker 1: promote it, and sometimes it cannibalizes, but sometimes it doesn't. 402 00:24:17,680 --> 00:24:18,760 Speaker 2: You know what I'm saying, it's. 403 00:24:18,600 --> 00:24:21,240 Speaker 1: Just sort of it's a weird thing, and I was 404 00:24:21,280 --> 00:24:23,320 Speaker 1: just curious to get your take on it. Is it 405 00:24:23,359 --> 00:24:27,719 Speaker 1: a bit of an advantage or a blessing and a curse, 406 00:24:27,880 --> 00:24:30,440 Speaker 1: or maybe it's all blessing and I'm being a little 407 00:24:30,520 --> 00:24:31,360 Speaker 1: too pessimistic. 408 00:24:32,359 --> 00:24:35,600 Speaker 3: Well, I think there are some I mean, the truth 409 00:24:35,720 --> 00:24:38,760 Speaker 3: is is that if you're looking at Docusope where you're following, 410 00:24:39,160 --> 00:24:45,440 Speaker 3: you know, the Kardashians or Housewives, those characters, those participants 411 00:24:45,640 --> 00:24:48,359 Speaker 3: very much live in the public eye. So a lot 412 00:24:48,400 --> 00:24:52,240 Speaker 3: of news and obviously social media fair is going to 413 00:24:52,280 --> 00:24:55,479 Speaker 3: come out about them. But what we had found just 414 00:24:55,520 --> 00:24:58,520 Speaker 3: in our history of even doing the Kardashians is that 415 00:24:59,080 --> 00:25:02,120 Speaker 3: audiences will st be patient to kind of hear their 416 00:25:02,240 --> 00:25:05,440 Speaker 3: side of the story, so knowing that they will get 417 00:25:05,560 --> 00:25:08,600 Speaker 3: a different point of view from the show than what's 418 00:25:08,680 --> 00:25:13,919 Speaker 3: out there on social media or that's reported about to 419 00:25:13,960 --> 00:25:16,800 Speaker 3: get a little closer to the story. I think there's 420 00:25:16,880 --> 00:25:20,640 Speaker 3: sort of that there's a real sense that when you 421 00:25:20,720 --> 00:25:24,359 Speaker 3: tune into some of these docuseries that you're going to 422 00:25:24,359 --> 00:25:27,080 Speaker 3: get a point of view that comes directly from the 423 00:25:27,200 --> 00:25:30,040 Speaker 3: characters within that show, and that it's going to be 424 00:25:30,080 --> 00:25:32,520 Speaker 3: a little bit more intimate than what we've already seen. 425 00:25:32,960 --> 00:25:36,800 Speaker 1: So one last question for you, obviously got a busy docket. 426 00:25:37,640 --> 00:25:41,359 Speaker 1: Give me a project or two coming in the months 427 00:25:41,359 --> 00:25:44,680 Speaker 1: ahead that we haven't talked about yet that you're excited for, 428 00:25:44,760 --> 00:25:46,920 Speaker 1: something that you think people should keep an eye on. 429 00:25:47,200 --> 00:25:49,840 Speaker 1: It's going to make a splash. Maybe it's a unique format. 430 00:25:50,920 --> 00:25:53,440 Speaker 3: So I can't talk about any of our new stuff 431 00:25:53,480 --> 00:25:55,679 Speaker 3: that's sold, which I would love to because there's so 432 00:25:55,760 --> 00:25:59,520 Speaker 3: many fun projects. But of what's been sort of announced 433 00:25:59,520 --> 00:26:03,960 Speaker 3: is obviously Challenge forty. It's like Eras. We have forty participants. 434 00:26:04,040 --> 00:26:07,320 Speaker 3: It's the biggest, the most amount of cast members we've 435 00:26:07,359 --> 00:26:11,120 Speaker 3: ever had on a show, and it's epic. So we're 436 00:26:11,200 --> 00:26:14,440 Speaker 3: super excited about the audience getting to see how this 437 00:26:14,480 --> 00:26:19,359 Speaker 3: plays out with all of these incredible relationships. And you know, 438 00:26:19,480 --> 00:26:23,760 Speaker 3: obviously we have the Never Mets, which just aired, and 439 00:26:23,920 --> 00:26:26,200 Speaker 3: we have a new season coming up that's been announced 440 00:26:26,240 --> 00:26:28,960 Speaker 3: with own. It did incredibly well, and it's really for 441 00:26:29,080 --> 00:26:31,840 Speaker 3: people that have been dating online but have never met 442 00:26:32,240 --> 00:26:35,119 Speaker 3: and then they come into this They come into this 443 00:26:35,200 --> 00:26:37,080 Speaker 3: house and get to meet each other for the first time. 444 00:26:37,160 --> 00:26:39,760 Speaker 3: And Andrew, that still happens where people have like years 445 00:26:39,840 --> 00:26:43,600 Speaker 3: long relationship without meeting each other, so it's really really noisy, 446 00:26:44,040 --> 00:26:44,720 Speaker 3: all right. 447 00:26:44,840 --> 00:26:48,359 Speaker 1: I will set my DVR. Julie, thanks so much for 448 00:26:48,440 --> 00:26:50,880 Speaker 1: taking the time out. Appreciate your insights. 449 00:26:51,160 --> 00:26:57,639 Speaker 3: Thank you, thanks for listening. Be sure to leave us 450 00:26:57,680 --> 00:27:01,560 Speaker 3: a review at Apple Podcasts or Amazon Music. We love 451 00:27:01,680 --> 00:27:04,679 Speaker 3: to hear from listeners. Please go to Variety dot com 452 00:27:04,720 --> 00:27:05,520 Speaker 3: and sign up for 453 00:27:05,640 --> 00:27:09,800 Speaker 1: The free weekly Strictly Business newsletter, and don't forget to 454 00:27:09,880 --> 00:27:13,760 Speaker 1: tune in next week for another episode of Strictly Business.