WEBVTT - TV’s new math: Amblin Moves into Documentary and Unscripted Content

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<v Speaker 1>Welcome to Strictly Business, Variety's weekly podcast featuring conversations with

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<v Speaker 1>industry leaders about the business of media and entertainment. I'm

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<v Speaker 1>Cynthia Lyttleton, co editor in chief of Variety Today. My

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<v Speaker 1>guests are Darryl Frank and Justin Falvey, head of Amlin Television.

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<v Speaker 1>Darryl and Justin are rare birds. Indeed, they've been running

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<v Speaker 1>Steven Spielberg's TV company for nearly thirty years. They've set

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<v Speaker 1>the standard for a busy boutique with great shows like

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<v Speaker 1>The Americans, Under the Dome Bowl, Falling Skies, Rescue Me,

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<v Speaker 1>and Going All the Way Back to Spin City. Now,

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<v Speaker 1>the company has moved into documentary and unscripted production in

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<v Speaker 1>a big way. In October, they sent a nature documentary

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<v Speaker 1>to the top of the Netflix charts with the launch

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<v Speaker 1>of the Life on Our Planet series. Upcoming projects include

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<v Speaker 1>Big Vape, The Rise and Fall of Jewel, and other

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<v Speaker 1>documentary features and series that probe very interesting and distinct

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<v Speaker 1>new worlds. As we will hear in our conversation, Daryl

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<v Speaker 1>and Justin also lay out exactly why the company moved

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<v Speaker 1>into premium unscripted, and it's very similar to the changes

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<v Speaker 1>that affected writers to such a degree that they went

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<v Speaker 1>on strike for nearly five months this year. It's all

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<v Speaker 1>about piecing together a portfolio of shows at a time

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<v Speaker 1>when the world of twenty two episode seasons are no

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<v Speaker 1>longer the norm. Darryl and Justin have the confidence to

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<v Speaker 1>be candid about where they see the business heading, where

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<v Speaker 1>some of the problem areas are, and hopefully where some

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<v Speaker 1>of the solutions are.

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<v Speaker 2>Coming in twenty twenty four.

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<v Speaker 1>That's all coming up after this break, and we're back

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<v Speaker 1>with an interview with one television heads, Darryl Frank and

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<v Speaker 1>Justin Falvey. Darryl Frank and Justin Falvey, thank you so

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<v Speaker 1>much for joining me today when we were talking about,

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<v Speaker 1>you know, what's new and interesting at Amblin Partners. Of course,

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<v Speaker 1>I know the unscripted has been a real priority for

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<v Speaker 1>you for a while. To break into that in a

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<v Speaker 1>big way. You certainly have with Life on Our Planet,

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<v Speaker 1>which you know, Rock literally rocketed to the top of

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<v Speaker 1>Netflix in its first week in review, first week in release,

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<v Speaker 1>which is a pretty impressive thing for a natural history documentary.

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<v Speaker 2>But let's step back.

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<v Speaker 1>A little bit from the specific titles, and first i'd

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<v Speaker 1>love to hear from both of you why was it important?

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<v Speaker 1>What motivated you to get to Amblin to bring Amblin

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<v Speaker 1>Television into the business of high end, very well produced

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<v Speaker 1>documentary and unscripted content as a compliment to your very

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<v Speaker 1>you know, long and robust business that you have on

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<v Speaker 1>the scripted scripted contents. What what drove you into the

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<v Speaker 1>what what motivated you to get into the unscripted and

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<v Speaker 1>documentary arena?

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<v Speaker 3>Well, well thanks for having us. First of all, it

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<v Speaker 3>really was twofold one was we have a real passion

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<v Speaker 3>for documentaries. Is this is sort of what we both

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<v Speaker 3>watch on sort of weekends. You know, having been in

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<v Speaker 3>the scripted world for so long, it's sort of a

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<v Speaker 3>lot easier to go home and relax watching a doc

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<v Speaker 3>than it is watching a scripted show when you're looking

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<v Speaker 3>at every who directed this, who wrote it, who was

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<v Speaker 3>the production signer, who was the cinematographer. It's it's easier

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<v Speaker 3>to sort of tune out a little bit on those.

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<v Speaker 3>But you know, the you know what a lot of

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<v Speaker 3>the platforms have done over the last few years in

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<v Speaker 3>documentary has just been incredible, and so it started with

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<v Speaker 3>the passion, but it also was a real important business

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<v Speaker 3>move for us. You know, as episodes episodic orders got shorter.

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<v Speaker 3>You know, we justin and I have been around for

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<v Speaker 3>a long time and been doing this, uh you know,

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<v Speaker 3>uh since the deficit financing days, and you know, when

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<v Speaker 3>we would do twenty four episodes of a scripted show

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<v Speaker 3>for network, and it went from twenty four episodes of

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<v Speaker 3>a scripted show for network to thirteen episodes for Basic Cable,

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<v Speaker 3>to ten episodes at streaming, and then nine episodes, and

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<v Speaker 3>then eight episodes, and now certain people are doing six

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<v Speaker 3>episodes and with back ends disappearing completely given that there's

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<v Speaker 3>no syndication market and the sort of back end buyouts.

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<v Speaker 3>It really sort of we looked at our business and

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<v Speaker 3>we said, wow, we're really turning into a business where

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<v Speaker 3>episodic fees are really driving everything. And when we used

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<v Speaker 3>to do twenty four episodes and now we're doing eight,

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<v Speaker 3>we have to do three times as many scripted shows

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<v Speaker 3>to make the same amount of money. So for us,

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<v Speaker 3>it was twofold one creative. We feel like there's you know,

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<v Speaker 3>it's a great expansion of our business and we love

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<v Speaker 3>telling these stories. To us, they are just nonscripted dramas.

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<v Speaker 3>That's how we look at them. We don't really do

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<v Speaker 3>reality game, but we really do you know, premium documentary

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<v Speaker 3>narrative stories. But it really sort of came from, you know,

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<v Speaker 3>both the creative but then also the business aspect of

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<v Speaker 3>like where do we make up the revenue if we're

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<v Speaker 3>if we're doing eight episodes on scripted series.

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<v Speaker 2>It's a math.

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<v Speaker 4>Yeah, just I.

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<v Speaker 1>Have one job as moderator when I have two guests,

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<v Speaker 1>and that's to identify the guests. That who was just

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<v Speaker 1>speaking was Darryl Frank. Forgive me, I'm going to say this.

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<v Speaker 1>I'm going to really sound ancient, but Darryl, you look

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<v Speaker 1>more and more like your dad.

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<v Speaker 2>All the time.

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<v Speaker 1>Thank you, Rich as one of the very very senior

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<v Speaker 1>folks in the business when I first started and learned

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<v Speaker 1>a lot from him. Justin please, I would love your

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<v Speaker 1>perspective on what Daryl just has.

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<v Speaker 4>I'm looking a lot more like my dad.

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<v Speaker 5>He's a retired dentists as much chair.

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<v Speaker 4>Maybe it's more here than I do.

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<v Speaker 2>He has changed lives and teeth.

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<v Speaker 4>That's right, that's right, yes, look at it.

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<v Speaker 5>It's it was creating a new revenue stream, you know,

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<v Speaker 5>on a purely financial basis. But the Darryl, you know,

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<v Speaker 5>nailed it, and that's saying it's a perfect confluence.

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<v Speaker 4>Of passion and business.

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<v Speaker 5>And you know, we are twenty eight years at this company,

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<v Speaker 5>the two of us this month, if you can believe that.

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<v Speaker 5>And as people say, you should stop telling people that

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<v Speaker 5>because you're basically just saying how old you are. However,

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<v Speaker 5>I think it's what's it's interesting because in that time,

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<v Speaker 5>it's as though we've been at five different companies. We've

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<v Speaker 5>had the ability because of our size, that we've been

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<v Speaker 5>able to change and be nibole and adjust to the

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<v Speaker 5>to the changing marketplace. And and yes, in this last

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<v Speaker 5>you know year has been a seismic shift.

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<v Speaker 4>No question about it.

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<v Speaker 5>We were you know, it was interesting because the pandemic

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<v Speaker 5>really kind of forced us to scale up the nonscriptive

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<v Speaker 5>business as all the scripted stuff really came to you know,

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<v Speaker 5>came to an end for some time there, and then

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<v Speaker 5>we were very well positioned in this last year to

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<v Speaker 5>just continue further and continue to scale up and hit

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<v Speaker 5>the ground running when I think a lot of companies

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<v Speaker 5>were trying to pivot and shift into the nonscripted space

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<v Speaker 5>who didn't have that experience, so you know, not that

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<v Speaker 5>there was a silver lining of the pandemic for anybody.

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<v Speaker 5>But I think that runway really gave us an opportunity

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<v Speaker 5>to really focus on it in the last in the.

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<v Speaker 4>Last twelve months.

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<v Speaker 5>And and also, you know, Strikes Aside twenty three right

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<v Speaker 5>out of the game was proving to be a huge

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<v Speaker 5>challenge in terms of the marketplace and selling. You know,

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<v Speaker 5>a lot of these companies just didn't have the money

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<v Speaker 5>and they were being incredibly selective and fickle. And that

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<v Speaker 5>is certainly the case now as we're coming out of this,

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<v Speaker 5>and we'll continue on into until twenty four and you know,

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<v Speaker 5>hopefully we'll get back to a much healthier place. But

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<v Speaker 5>it feels like, you know, it's going to be a long,

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<v Speaker 5>a long recovery, and now we have to think forward

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<v Speaker 5>in terms of finding that balance once again with scripted

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<v Speaker 5>and nonscripted.

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<v Speaker 4>So interesting times.

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<v Speaker 1>You guys have very you know, quickly distinguished yourself with

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<v Speaker 1>some very high end production life on our planet. A

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<v Speaker 1>project of that scale and caliber that does not come

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<v Speaker 1>together in six months. There's nothing, you know, there's nothing

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<v Speaker 1>like low budget about just looking at the scope of

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<v Speaker 1>what you've got on the screen there. How are you

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<v Speaker 1>making how are you making how do you make the

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<v Speaker 1>economics of documentary and unscripted work for you in this environment,

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<v Speaker 1>in this environment right now?

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<v Speaker 3>Well, each each project's different. I mean that Life on

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<v Speaker 3>Our Planet actually came to us from Netflix, and you know,

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<v Speaker 3>I think a couple of things that people bring things

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<v Speaker 3>to us for is one is sort of access and

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<v Speaker 3>another is expertise. On that one they were looking for,

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<v Speaker 3>how do you sort of transport people to prehistoric times

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<v Speaker 3>and then recreate these animals that were extinct. So obviously

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<v Speaker 3>Silverback is the best in class at sort of natural history.

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<v Speaker 3>They do it better than anyone, but they hadn't done

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<v Speaker 3>visual effects before, and Justin and I have done that

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<v Speaker 3>for two decades working for Steven and learning how to

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<v Speaker 3>do that. So they came to us on that and

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<v Speaker 3>it became just a great sort of collaboration. That's what

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<v Speaker 3>we've been looking for in sort of all of our shows.

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<v Speaker 2>We sort of we.

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<v Speaker 3>Used our scripted playbook in the nonscripted landscape in terms

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<v Speaker 3>of let's partner with the best in each genre, you know,

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<v Speaker 3>whether it was Alex Gibney does a certain thing, so

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<v Speaker 3>we do a lot of shows with him.

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<v Speaker 2>R J.

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<v Speaker 3>Cutler does a certain thing, Frank Marshall imagine, So we

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<v Speaker 3>tried to sort of find a way to combine forces

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<v Speaker 3>with the best in the business. And sometimes it's us

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<v Speaker 3>bringing the idea to somebody and other times it's people

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<v Speaker 3>bringing the idea to us.

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<v Speaker 1>You know.

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<v Speaker 3>Good Night API is another example of access. You know,

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<v Speaker 3>NASA has a lot of people knocking at its door,

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<v Speaker 3>and to have the Ambulance brand, there's sort of a

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<v Speaker 3>guarantee that the show is going to be done in

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<v Speaker 3>a certain way and at a certain level. And so

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<v Speaker 3>that was one another one where somebody brought us the idea.

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<v Speaker 3>So we really sort of do you know what we

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<v Speaker 3>do inscripted as we source great material and then we

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<v Speaker 3>partner with the best of the best, and then we

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<v Speaker 3>try and as Steven says, he calls us his block

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<v Speaker 3>and tackle is like we try and block and tackle

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<v Speaker 3>and allow them, you know, the creative people to do

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<v Speaker 3>you know, their best work, and then bring bring something

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<v Speaker 3>to it from our end as well, whether that's storytelling,

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<v Speaker 3>whether that's packaging, whether that's you know, chasing talent, you know,

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<v Speaker 3>getting Morgan Freeman to be the narrator in life on

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<v Speaker 3>our planet, we have Lessie Feldman, who runs casting for us,

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<v Speaker 3>and we call her our secret weapon, and she was

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<v Speaker 3>able to get Angela Bassett to do the vo for

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<v Speaker 3>good Night Appia as well. So we kind of use

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<v Speaker 3>all of our all of our tools that we use

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<v Speaker 3>in the scripted world we use in the non scripted

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<v Speaker 3>world as well.

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<v Speaker 4>And Life on Our Planet that was a five year endeavor.

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<v Speaker 5>It was a long time from the original development to screen,

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<v Speaker 5>as by the way, many of our scripted shows have been.

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<v Speaker 5>And you know, we always joke with folks we're developing

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<v Speaker 5>with if the time in place is not right today.

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<v Speaker 4>You know, we've been at this company, as I said,

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<v Speaker 4>for twenty eight years.

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<v Speaker 5>It will find its time and place, and that's proven

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<v Speaker 5>to be true, I think, without a question. But to

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<v Speaker 5>answer your question, yeah, I think there are things like

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<v Speaker 5>Life and Our Planet that take a lot longer. And

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<v Speaker 5>then we had two other Netflix documentaries premiere within the

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<v Speaker 5>last six weeks, Encounters which was four hours.

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<v Speaker 4>In Big Vape, which was four hours.

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<v Speaker 5>Both premiere to number one, and that's a much shorter

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<v Speaker 5>production period.

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<v Speaker 1>You know.

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<v Speaker 6>And as always as a case, let me just ask you, yeah,

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<v Speaker 6>excuse me, let me just ask you justin so like

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<v Speaker 6>interesting the Jewel story, which is definitely on my list

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<v Speaker 6>I want to catch up with because that just story

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<v Speaker 6>just seems like how that, how that was allowed to

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<v Speaker 6>happen and like you know, ruin the lungs of a

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<v Speaker 6>generation of teenagers and twenty some things that you know,

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<v Speaker 6>we're marketed to aggressively something like that.

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<v Speaker 1>That's a little more topical kind of off the news

0:12:28.320 --> 0:12:31.800
<v Speaker 1>off of litigation that's going on, is that that obviously

0:12:31.880 --> 0:12:34.120
<v Speaker 1>is going to be a different process than a five

0:12:34.200 --> 0:12:38.120
<v Speaker 1>year natural history documentary with with animation and special effects

0:12:38.160 --> 0:12:40.480
<v Speaker 1>and that kind of thing. So I'm guessing it's like

0:12:40.520 --> 0:12:43.280
<v Speaker 1>you have a portfolio of things. You have your things

0:12:43.280 --> 0:12:44.840
<v Speaker 1>that you know are going to take a couple of years,

0:12:44.920 --> 0:12:48.920
<v Speaker 1>things that you can turn around a little quickly, historical documentaries,

0:12:49.120 --> 0:12:50.120
<v Speaker 1>just looking at your slate.

0:12:50.960 --> 0:12:55.440
<v Speaker 5>Yeah, yeah, that's correct, And you don't often control you know,

0:12:55.480 --> 0:12:58.800
<v Speaker 5>we were fortuitives at the end of this year that

0:12:58.840 --> 0:13:01.280
<v Speaker 5>we had three you know, very high profile docs between

0:13:01.280 --> 0:13:05.440
<v Speaker 5>the counters Vent Life on Our Planet premiering, but the

0:13:05.559 --> 0:13:09.360
<v Speaker 5>timing of that was not something that we necessarily control,

0:13:09.559 --> 0:13:13.080
<v Speaker 5>and is the case with many things going forward, and

0:13:13.120 --> 0:13:16.480
<v Speaker 5>we have you know, fifteen other you know docs in

0:13:16.520 --> 0:13:19.679
<v Speaker 5>the in the pipeline and you try to spread them out.

0:13:19.720 --> 0:13:22.000
<v Speaker 4>You can't get guarantee that.

0:13:23.440 --> 0:13:27.160
<v Speaker 5>So it's it's just an ongoing conversation with these platforms

0:13:27.200 --> 0:13:30.320
<v Speaker 5>and when they're you know, when they need something and

0:13:30.360 --> 0:13:32.120
<v Speaker 5>when they can't anticipate eating something.

0:13:32.880 --> 0:13:35.800
<v Speaker 3>So but that is the advantage of you know, one

0:13:35.840 --> 0:13:37.800
<v Speaker 3>of the big advantages of nonscript is you can get

0:13:37.800 --> 0:13:42.439
<v Speaker 3>things going much more quickly other than you know, the

0:13:42.880 --> 0:13:45.480
<v Speaker 3>outliers like Life on Our Planet that took five years

0:13:45.480 --> 0:13:48.440
<v Speaker 3>and we were on you know, visual effects reviews every

0:13:48.559 --> 0:13:51.760
<v Speaker 3>Monday for four years. You know, we have we have

0:13:51.800 --> 0:13:53.720
<v Speaker 3>stuff like that in the scripted world too. We have

0:13:54.040 --> 0:13:57.280
<v Speaker 3>you know, Masters of the Air that's coming out and

0:13:57.480 --> 0:13:59.520
<v Speaker 3>you know at the Top of the Ear for Apple

0:13:59.559 --> 0:14:02.960
<v Speaker 3>that was literally a ten year journey, or Halo that

0:14:03.040 --> 0:14:05.600
<v Speaker 3>took us eight years. And so it's similar in that,

0:14:07.040 --> 0:14:09.120
<v Speaker 3>you know, we have the advantage just night being at

0:14:09.120 --> 0:14:11.600
<v Speaker 3>the company for so long that we're you know, there's

0:14:11.679 --> 0:14:13.920
<v Speaker 3>things that we've worked on that we could stick with

0:14:14.040 --> 0:14:17.320
<v Speaker 3>and deliver on and not have to worry. Okay, well

0:14:17.640 --> 0:14:20.480
<v Speaker 3>if we're leaving, you know, they're not going to keep going, right,

0:14:21.160 --> 0:14:23.400
<v Speaker 3>But that is an advantage in nonscripted is that you

0:14:23.440 --> 0:14:26.320
<v Speaker 3>can really get things going much more quickly. It's a

0:14:26.360 --> 0:14:29.120
<v Speaker 3>little easier to sell them in terms of the economics

0:14:29.160 --> 0:14:31.400
<v Speaker 3>of them, some of them. You know, it's like anything.

0:14:31.400 --> 0:14:32.960
<v Speaker 3>It's like the scriptor world too. If you get a

0:14:32.960 --> 0:14:35.320
<v Speaker 3>bidding war going, you're going to have better economics, and

0:14:35.360 --> 0:14:36.920
<v Speaker 3>you're going to have a bigger piece of the back

0:14:37.000 --> 0:14:39.720
<v Speaker 3>end because the back end will be bigger and other

0:14:39.760 --> 0:14:44.720
<v Speaker 3>ones the margins are smaller, and and you're splitting. You know,

0:14:44.760 --> 0:14:46.600
<v Speaker 3>a lot of times we're splitting with partners. We don't

0:14:46.600 --> 0:14:50.200
<v Speaker 3>mind splitting with partners as long as everyone's bringing something

0:14:50.240 --> 0:14:52.360
<v Speaker 3>to the party. To us, we'd rather have, you know,

0:14:52.400 --> 0:14:54.840
<v Speaker 3>fifty percent of something than one hundred percent of nothing.

0:14:54.920 --> 0:14:56.000
<v Speaker 4>So we just.

0:14:56.000 --> 0:14:59.280
<v Speaker 3>Find the best people and we watch all of the

0:14:59.400 --> 0:15:01.240
<v Speaker 3>docs and we oh, I would love to work with

0:15:01.280 --> 0:15:03.760
<v Speaker 3>that person. And we has been great about they represent

0:15:03.840 --> 0:15:07.640
<v Speaker 3>us in TV. They've been great about, you know, introducing

0:15:07.720 --> 0:15:09.920
<v Speaker 3>us to people that they're in business with, whether it's

0:15:09.960 --> 0:15:12.960
<v Speaker 3>at their own company or other people that they don't

0:15:13.000 --> 0:15:15.560
<v Speaker 3>wrap in just trying to make marriages, you know, because

0:15:15.600 --> 0:15:17.680
<v Speaker 3>it's such a collaboration mm hmm.

0:15:18.160 --> 0:15:21.160
<v Speaker 5>And then and some of these sorry, some of the

0:15:21.280 --> 0:15:25.200
<v Speaker 5>some of these ideas that we're developing it documentaries warrant

0:15:25.680 --> 0:15:29.000
<v Speaker 5>you know, a scripted conversation, and they're a handful that

0:15:29.000 --> 0:15:32.000
<v Speaker 5>we're developing simultaneously.

0:15:31.840 --> 0:15:34.080
<v Speaker 4>As scripted and nonscripted.

0:15:34.760 --> 0:15:38.080
<v Speaker 5>The upside of the nonscripted and the documentary being able

0:15:38.120 --> 0:15:41.400
<v Speaker 5>to move on that quicker is that we could use

0:15:41.480 --> 0:15:45.360
<v Speaker 5>that almost as a platform to help launch the scripted shows.

0:15:46.120 --> 0:15:49.320
<v Speaker 5>And we have a few things to that end that

0:15:49.360 --> 0:15:52.840
<v Speaker 5>we're working on. We're working on right now, or as

0:15:52.920 --> 0:15:55.640
<v Speaker 5>you know, I think Netflix has done successfully, you can

0:15:55.800 --> 0:16:01.200
<v Speaker 5>have you know, a nonscripted doc that is simultaneously launching

0:16:01.280 --> 0:16:04.240
<v Speaker 5>when you're scripted show that's maybe in the same area

0:16:04.400 --> 0:16:06.160
<v Speaker 5>or arena, and connect those dots.

0:16:06.880 --> 0:16:09.440
<v Speaker 4>So that's always something interesting look at.

0:16:09.480 --> 0:16:14.040
<v Speaker 5>And we also constantly talk with our creative team about

0:16:14.160 --> 0:16:19.160
<v Speaker 5>finding inspiration in you know, in docks that aren't necessarily

0:16:19.160 --> 0:16:21.800
<v Speaker 5>that are not our docs. But as you know, as

0:16:21.840 --> 0:16:24.160
<v Speaker 5>we know that, you know, the truth is stranger in fiction,

0:16:25.160 --> 0:16:27.440
<v Speaker 5>and you'll often find a backdrop or a world or

0:16:27.440 --> 0:16:30.880
<v Speaker 5>a character or something that could inspire something on the

0:16:30.920 --> 0:16:32.280
<v Speaker 5>scripted side as well.

0:16:35.480 --> 0:16:38.400
<v Speaker 1>Don't go anywhere. We'll be right back with more from

0:16:38.560 --> 0:16:49.480
<v Speaker 1>Amblin Television Heads Darryl Frank and Justin Falvey, and we're

0:16:49.520 --> 0:16:53.520
<v Speaker 1>back with more from Amblin Television chiefs Darryl Frank and

0:16:53.680 --> 0:16:58.720
<v Speaker 1>Justin Falvey. Would you say, I mean, it's it seems evident,

0:16:58.760 --> 0:17:01.360
<v Speaker 1>but would you say that, like star, the cost of

0:17:01.440 --> 0:17:05.639
<v Speaker 1>starting up a unscripted if you have a documentary idea,

0:17:05.680 --> 0:17:07.920
<v Speaker 1>the startup costs are much less.

0:17:07.760 --> 0:17:10.200
<v Speaker 2>Than if you say, I have an idea for a sitcom.

0:17:10.840 --> 0:17:13.960
<v Speaker 3>Yeah, or of course yeah, because you don't obviously don't

0:17:14.000 --> 0:17:16.240
<v Speaker 3>have a script, and you you know, it's really a

0:17:16.280 --> 0:17:17.919
<v Speaker 3>sizzle and a deck. It's sort of what we go

0:17:17.960 --> 0:17:20.000
<v Speaker 3>out with a sizzle, a deck and a great pitch

0:17:20.040 --> 0:17:22.960
<v Speaker 3>and then some access. So you can have a lot

0:17:23.040 --> 0:17:26.840
<v Speaker 3>more of those going for what it would cost you to,

0:17:26.920 --> 0:17:28.840
<v Speaker 3>you know, do a pilot script if you will, or

0:17:28.880 --> 0:17:33.520
<v Speaker 3>do a pilot.

0:17:33.880 --> 0:17:36.520
<v Speaker 2>My mom, And would you say that?

0:17:36.840 --> 0:17:40.240
<v Speaker 1>I've also been hearing from people that the especially in

0:17:40.400 --> 0:17:44.320
<v Speaker 1>unscripted reality documentary, that some of the even at Netflix,

0:17:44.400 --> 0:17:46.640
<v Speaker 1>like some of the terms are loosening a little bit.

0:17:47.080 --> 0:17:49.520
<v Speaker 1>It's not like okay, blanket, we're buying you out for

0:17:49.560 --> 0:17:52.400
<v Speaker 1>ten years, fifteen years, but that there's a little more

0:17:52.400 --> 0:17:56.200
<v Speaker 1>wiggle room, especially to get like territories outside the US

0:17:56.240 --> 0:17:58.959
<v Speaker 1>and Canada. Okay, well maybe we don't need this documentary

0:17:58.960 --> 0:18:02.119
<v Speaker 1>for eight years in this part of Western Europe.

0:18:02.119 --> 0:18:04.040
<v Speaker 2>And you know, after a year you can see. I mean,

0:18:04.240 --> 0:18:04.720
<v Speaker 2>I've heard.

0:18:04.920 --> 0:18:07.600
<v Speaker 1>I just came back from Mipcom and I was hearing

0:18:07.600 --> 0:18:10.600
<v Speaker 1>from a lot of the European producers especially that there's

0:18:10.880 --> 0:18:13.440
<v Speaker 1>that suddenly there's a lot more flexibility. I don't know

0:18:13.480 --> 0:18:15.440
<v Speaker 1>if you guys are feeling that at all in terms

0:18:15.440 --> 0:18:18.520
<v Speaker 1>of deal deal making, particularly around the unscripted.

0:18:19.280 --> 0:18:22.119
<v Speaker 3>Yeah. Again, it's it depends on how many offers you

0:18:22.200 --> 0:18:26.000
<v Speaker 3>have and you know how frothy you can make the market.

0:18:26.080 --> 0:18:29.800
<v Speaker 3>But they are open to licenses in certain scenarios and

0:18:29.880 --> 0:18:31.960
<v Speaker 3>it has to be sort of the right group of

0:18:32.000 --> 0:18:35.160
<v Speaker 3>people and you have to have multiple offers. But look,

0:18:35.160 --> 0:18:37.880
<v Speaker 3>it's something that has to start happening in the scripted

0:18:37.960 --> 0:18:40.280
<v Speaker 3>business too, I mean, and that's why I love what

0:18:40.520 --> 0:18:43.160
<v Speaker 3>you know, Peter Chernan's doing and Evans is over there

0:18:43.200 --> 0:18:45.000
<v Speaker 3>now at North Road and what they've talked about of

0:18:45.119 --> 0:18:49.280
<v Speaker 3>sort of you know, you can't these buyers, the platforms

0:18:49.280 --> 0:18:52.600
<v Speaker 3>can't supply everything to themselves. You know, they need independence,

0:18:52.640 --> 0:18:56.480
<v Speaker 3>they need other people bringing them things. So it makes

0:18:56.720 --> 0:19:00.240
<v Speaker 3>it's good business sense to say, okay, well, you know

0:19:00.520 --> 0:19:02.600
<v Speaker 3>we we don't want to pay that, we won't pay

0:19:02.600 --> 0:19:05.320
<v Speaker 3>the full amount. Let somebody else take a little bit

0:19:05.359 --> 0:19:08.919
<v Speaker 3>of risk and then allow, you know, allow there to

0:19:08.960 --> 0:19:13.720
<v Speaker 3>be some success based results, you know, where where you

0:19:13.760 --> 0:19:16.480
<v Speaker 3>could actually make money off something. You know, right now,

0:19:16.480 --> 0:19:20.800
<v Speaker 3>if you have a if you have Stranger Things on Netflix,

0:19:20.880 --> 0:19:22.879
<v Speaker 3>or if you have the thing that's you know, number

0:19:22.920 --> 0:19:25.800
<v Speaker 3>three hundred, as a producer, you get paid the same amount,

0:19:26.320 --> 0:19:30.760
<v Speaker 3>you know, So we're really looking for, you know, the

0:19:30.800 --> 0:19:33.560
<v Speaker 3>business to change a little bit where maybe these perpetual

0:19:33.560 --> 0:19:37.400
<v Speaker 3>license fees go away, Maybe there's non exclusive licenses after

0:19:37.480 --> 0:19:38.120
<v Speaker 3>a couple of years.

0:19:38.119 --> 0:19:38.880
<v Speaker 6>Maybe there's.

0:19:40.560 --> 0:19:43.360
<v Speaker 3>Territories that you can carve out as you know, if

0:19:43.359 --> 0:19:45.919
<v Speaker 3>you put up a little of the money, and I

0:19:45.960 --> 0:19:48.159
<v Speaker 3>think for the buyers, it's going to make their money go,

0:19:48.760 --> 0:19:51.199
<v Speaker 3>their budgets go a lot further if they don't have

0:19:51.280 --> 0:19:53.800
<v Speaker 3>to pay one hundred percent, one hundred and twenty percent,

0:19:53.840 --> 0:19:55.960
<v Speaker 3>one hundred and forty percent of every show. They don't

0:19:56.040 --> 0:19:59.119
<v Speaker 3>need these shows for fifteen years, you know, ninety percent

0:19:59.160 --> 0:20:02.640
<v Speaker 3>of them, you know know, it's you know, people are

0:20:02.640 --> 0:20:04.280
<v Speaker 3>going to watch for three or four years they're not

0:20:04.280 --> 0:20:06.720
<v Speaker 3>going to watch for fifteen years, So how do you

0:20:07.520 --> 0:20:12.080
<v Speaker 3>how do you change the model so that producers, independent

0:20:12.160 --> 0:20:16.800
<v Speaker 3>studios could start making money again. And that's just good

0:20:16.840 --> 0:20:17.960
<v Speaker 3>for the health of the business.

0:20:18.400 --> 0:20:22.200
<v Speaker 5>Yeah, And it's as you said, it's mitigating it's mitigating

0:20:22.240 --> 0:20:29.400
<v Speaker 5>the risk, but also allowing them to focus less on

0:20:29.840 --> 0:20:33.600
<v Speaker 5>you know, a massive development spend, you know, which is

0:20:33.920 --> 0:20:35.800
<v Speaker 5>a lot of them have doug a hole to that extent,

0:20:36.560 --> 0:20:39.639
<v Speaker 5>and you know, and if they can be wise about

0:20:40.440 --> 0:20:42.840
<v Speaker 5>the way they're spreading the well so to speak, it

0:20:42.920 --> 0:20:43.840
<v Speaker 5>will go a lot further.

0:20:43.960 --> 0:20:46.399
<v Speaker 4>If their goal mostly for these platforms.

0:20:45.840 --> 0:20:49.120
<v Speaker 5>It's subscribers, you know, and it's balancing for them short

0:20:49.240 --> 0:20:52.000
<v Speaker 5>term versus versus long term. Well, most of them are

0:20:52.040 --> 0:20:55.440
<v Speaker 5>in a position now they need to get healthy quickly

0:20:56.440 --> 0:20:57.879
<v Speaker 5>and they have to offset that somehow.

0:20:58.000 --> 0:20:59.159
<v Speaker 4>So I think it's invariable.

0:20:59.200 --> 0:21:02.200
<v Speaker 5>I think you're correct, definitely is trending that way, and

0:21:02.240 --> 0:21:03.480
<v Speaker 5>that'll be great for everybody.

0:21:05.320 --> 0:21:07.960
<v Speaker 2>How about for you all as a business?

0:21:08.480 --> 0:21:10.880
<v Speaker 1>How you know, it's a it's a challenge right now

0:21:10.920 --> 0:21:13.800
<v Speaker 1>to kind of peg a value on anything, right what's

0:21:13.840 --> 0:21:17.200
<v Speaker 1>the value of a show coming off of NBC coming

0:21:17.240 --> 0:21:19.439
<v Speaker 1>on that may go on to the you know, might

0:21:19.480 --> 0:21:22.359
<v Speaker 1>be sold in the kind of streamer syndication market that

0:21:22.520 --> 0:21:25.399
<v Speaker 1>the valuation of content. How are you guys, how do

0:21:25.480 --> 0:21:27.879
<v Speaker 1>you guys kind of figure out what's your ROI what

0:21:28.000 --> 0:21:30.520
<v Speaker 1>are you willing to spend? Do you do you the

0:21:30.560 --> 0:21:33.040
<v Speaker 1>same kind of financial metrics that you would consider for

0:21:33.080 --> 0:21:36.440
<v Speaker 1>a scripted project. Do they apply same? Is the same

0:21:36.520 --> 0:21:40.280
<v Speaker 1>general principles that that that where you decide what you're

0:21:40.320 --> 0:21:43.199
<v Speaker 1>going to commit to what's worth investing in in the

0:21:43.280 --> 0:21:44.520
<v Speaker 1>unscripted documentary.

0:21:46.800 --> 0:21:49.240
<v Speaker 3>Yeah, I mean it's it's basically the same thing. I

0:21:49.240 --> 0:21:55.439
<v Speaker 3>mean right now in scripted and nonscripted, the buyers are

0:21:55.480 --> 0:21:55.880
<v Speaker 3>paying one.

0:21:55.880 --> 0:21:58.760
<v Speaker 4>Hundred percent of the or more of the budget.

0:21:58.920 --> 0:22:04.000
<v Speaker 3>So it's really about if if the producers want a

0:22:04.040 --> 0:22:06.119
<v Speaker 3>bigger piece of the back end, they got to risk something.

0:22:06.640 --> 0:22:09.240
<v Speaker 3>And I think those are the companies that are going

0:22:09.320 --> 0:22:13.560
<v Speaker 3>to really change things going forward. Is okay, who's willing

0:22:13.640 --> 0:22:19.840
<v Speaker 3>to who's willing to put up the deficit? But then

0:22:19.880 --> 0:22:22.200
<v Speaker 3>what buyers are willing to let you do that? That's

0:22:22.240 --> 0:22:24.200
<v Speaker 3>the biggest issue is that they don't.

0:22:24.480 --> 0:22:26.800
<v Speaker 2>Want to let me put the money out right, and they.

0:22:26.800 --> 0:22:28.400
<v Speaker 3>Want to own it. They want to own it all.

0:22:28.520 --> 0:22:29.520
<v Speaker 4>They want to be the studio.

0:22:29.560 --> 0:22:31.360
<v Speaker 3>They want to buy you out of being the studio.

0:22:32.800 --> 0:22:34.360
<v Speaker 3>But that's what's broken the business.

0:22:35.800 --> 0:22:38.280
<v Speaker 5>But it's also that's where it's our responsibility to know

0:22:38.960 --> 0:22:41.720
<v Speaker 5>to know the marketplace and anticipate what is going to

0:22:41.760 --> 0:22:44.639
<v Speaker 5>become a potential bidding war, and how much money are

0:22:44.640 --> 0:22:47.360
<v Speaker 5>we going to put into our sizzle reel, and and

0:22:47.400 --> 0:22:50.720
<v Speaker 5>what kind of presentation are we bringing out into the

0:22:50.720 --> 0:22:51.400
<v Speaker 5>community that.

0:22:51.440 --> 0:22:53.560
<v Speaker 4>Could create that you know, that binning war.

0:22:55.240 --> 0:22:59.280
<v Speaker 5>That will ultimately hopefully result in in having some you

0:22:59.280 --> 0:23:01.399
<v Speaker 5>know that our financial position.

0:23:01.960 --> 0:23:04.480
<v Speaker 1>Well, my goodness, thank you for talking me through your

0:23:04.520 --> 0:23:07.400
<v Speaker 1>documentary work and kind of the reasoning and the business

0:23:07.440 --> 0:23:10.919
<v Speaker 1>strategy behind it. I know you too long enough to

0:23:10.960 --> 0:23:13.840
<v Speaker 1>know you always have a lot of ores in the water.

0:23:14.200 --> 0:23:16.760
<v Speaker 1>Are there any things anything coming up in twenty four

0:23:17.720 --> 0:23:20.719
<v Speaker 1>hoping that obviously business can get back to something like

0:23:20.920 --> 0:23:25.360
<v Speaker 1>the normal, the normal of Hollywood, which is always unusual,

0:23:25.359 --> 0:23:27.879
<v Speaker 1>but you know, assuming business can get back to normal.

0:23:27.920 --> 0:23:30.200
<v Speaker 1>Are there one or two things, whether scripted or unscripted,

0:23:30.200 --> 0:23:33.560
<v Speaker 1>anything that you're excited about coming in twenty four, anything

0:23:33.600 --> 0:23:34.720
<v Speaker 1>we should stay tuned for.

0:23:35.200 --> 0:23:38.280
<v Speaker 5>Yeah, absolutely, I mean two things right off the bat

0:23:38.960 --> 0:23:41.120
<v Speaker 5>Masters the Air, which is our third installment, and Band

0:23:41.160 --> 0:23:43.880
<v Speaker 5>of Brothers and the Pacific is premier a.

0:23:43.840 --> 0:23:47.119
<v Speaker 1>Little matter like that that's going to be you know, incredible,

0:23:47.160 --> 0:23:51.560
<v Speaker 1>and the timing with anniversaries and World War two coming

0:23:51.640 --> 0:23:53.159
<v Speaker 1>is going to be really impactful.

0:23:53.680 --> 0:23:56.600
<v Speaker 5>Yeah, So that's co production again with our friends at

0:23:56.600 --> 0:24:02.080
<v Speaker 5>Playtone on Apple at the end of January and B

0:24:02.240 --> 0:24:04.560
<v Speaker 5>seventeen Bombers based on a Donald Miller book.

0:24:04.560 --> 0:24:06.240
<v Speaker 4>It's incredibly.

0:24:07.160 --> 0:24:11.600
<v Speaker 5>You know, compelling, kind of a spectacular look at it

0:24:11.840 --> 0:24:15.080
<v Speaker 5>again grounded, you know, Journey of Two Gentlemen in particular,

0:24:15.160 --> 0:24:20.000
<v Speaker 5>but that is something we're really excited for people to anticipate.

0:24:20.480 --> 0:24:25.800
<v Speaker 5>And then Halo season two finally coming back, and that

0:24:26.080 --> 0:24:29.040
<v Speaker 5>is going to be in February of twenty four and

0:24:29.400 --> 0:24:33.200
<v Speaker 5>again something we worked on for eight years, developing that

0:24:33.240 --> 0:24:34.960
<v Speaker 5>thing to get it up and going in.

0:24:35.119 --> 0:24:36.719
<v Speaker 4>First in the first season.

0:24:37.880 --> 0:24:42.160
<v Speaker 5>So obviously second season, having the ability to look at

0:24:42.160 --> 0:24:44.200
<v Speaker 5>our first season, which we are really proud of, and

0:24:44.480 --> 0:24:47.560
<v Speaker 5>we feel like the second season is even even stronger.

0:24:48.240 --> 0:24:50.760
<v Speaker 5>And then behind that, you know, we're thrilled to finally

0:24:50.760 --> 0:24:53.720
<v Speaker 5>be talking to writers again and we've got seventeen other

0:24:53.840 --> 0:24:56.240
<v Speaker 5>things set up and hopefully many of those will see

0:24:56.240 --> 0:24:58.879
<v Speaker 5>the light of day. So We're keeping our fingers crossed

0:24:58.920 --> 0:25:02.359
<v Speaker 5>for a happy the twenty four and really excited that

0:25:02.400 --> 0:25:04.560
<v Speaker 5>we can kind of get out of the gate with

0:25:04.680 --> 0:25:07.320
<v Speaker 5>two really really special, unique projects.

0:25:13.680 --> 0:25:16.720
<v Speaker 1>Thanks for listening. Be sure to leave us a review

0:25:16.760 --> 0:25:20.240
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0:25:20.280 --> 0:25:23.640
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0:25:23.720 --> 0:25:27.800
<v Speaker 1>up for the free weekly Strictly Business newsletter, and don't

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<v Speaker 1>Strictly Business.