WEBVTT - The Future of Content & Streaming: Where's the Money Going?!

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>I want to shift a little bit because we live

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<v Speaker 3>in the world. Like you said, we can shape our narrative.

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<v Speaker 3>We can control some of the media that we put out.

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<v Speaker 3>I know you have a production company, Yeah, and we

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<v Speaker 3>live in the world where content is king. And you

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<v Speaker 3>did something very legendary, dow one thing most people even

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<v Speaker 3>know about when you started acquiring content during the so

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<v Speaker 3>called Brightest strike that you know, we just came out of.

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<v Speaker 4>Can you talk about the legendary move that you made.

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<v Speaker 5>Yeah, so so Doctor King and I and I love

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<v Speaker 5>my sister to death because she we we ride together

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<v Speaker 5>on all these deals and kind of like, how y'all

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<v Speaker 5>do it? You know, y'all show up the tag team.

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<v Speaker 5>And so Doctor King and I went and bought uh

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<v Speaker 5>P three Media. And P three Media is another we

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<v Speaker 5>own brand. You know, we take black investor dollars and

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<v Speaker 5>we go buy a white production company.

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<v Speaker 6>We stay on brand. This particular brand was there, you

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<v Speaker 6>go so.

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<v Speaker 5>Right, So we went and bought it because one we realized,

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<v Speaker 5>I mean, what are you really buying?

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<v Speaker 6>Right?

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<v Speaker 5>You want to buy the privilege, the access that comes

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<v Speaker 5>in Hollywood for those companies that we don't normally have.

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<v Speaker 6>Right.

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<v Speaker 5>So, this was a company that had the number one

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<v Speaker 5>show on Netflix the year before. This is a company

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<v Speaker 5>that created the show Suits, which you know, Suits is

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<v Speaker 5>not what the most streams show in the history of

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<v Speaker 5>streaming at this point, So you know, Gene Klein, who

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<v Speaker 5>created Suits, is now our content director. So we went

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<v Speaker 5>and bought the best of the best team to say,

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<v Speaker 5>all right, we need a vehicle by which we can

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<v Speaker 5>promote the stories of our community and get the access.

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<v Speaker 6>And the key for us was.

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<v Speaker 5>This company was being incubated inside of Disney. So what

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<v Speaker 5>it did for us immediately is when you acquired this company,

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<v Speaker 5>now we got real estate inside of Disney on Burbank

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<v Speaker 5>in LA right there next to Marvel, across the hall

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<v Speaker 5>from Pixar.

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<v Speaker 6>You know what I'm saying.

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<v Speaker 5>So that is the access we wanted to create so

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<v Speaker 5>that we can get past where we think Hollywood is broken.

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<v Speaker 6>Hollywoods broken right now, if you're a content.

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<v Speaker 5>Creator and you've got the greatest idea of the greatest story,

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<v Speaker 5>by the time you get in front of the right people,

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<v Speaker 5>somebody and some middleman, some agent has Nicolin dimes, you

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<v Speaker 5>do we only probably got five or ten percent left

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<v Speaker 5>of your IP because you had to give away everything

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<v Speaker 5>just to get in front of somebody. Right, we're cutting

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<v Speaker 5>through all of that. We have access directly to the buyers.

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<v Speaker 5>Disney has a first look, so Disney gets to take

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<v Speaker 5>a look at it. So if your content comes to us,

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<v Speaker 5>we can get it to Disney. First, Netflix is on deck,

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<v Speaker 5>Second HBO Showtime. We cut out all the middle people

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<v Speaker 5>and just bring us to content so we can preserve

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<v Speaker 5>those economics to make it so black creatives can create

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<v Speaker 5>more wealth without having to go through all the middle people.

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<v Speaker 4>Can I just do a follow up real quick?

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<v Speaker 6>Yeah?

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<v Speaker 4>Just do so your acquire suits, right, you guys own it.

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<v Speaker 3>This is a show that was on from two thousand

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<v Speaker 3>and nine to I believe twenty nineteen. As you start

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<v Speaker 3>to see it climb in its viewership, what do you like?

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<v Speaker 3>What's the how do you guys feeling as you're seeing

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<v Speaker 3>this happen?

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<v Speaker 6>Well, you know, it was funny.

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<v Speaker 5>I talked to Gen gen Klin, who works as Gen

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<v Speaker 5>Now we're having this conversation in Miami a couple of

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<v Speaker 5>weeks ago. And you know, for the people that created

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<v Speaker 5>it originally, they thought it was iconic then, and I

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<v Speaker 5>think now the big shock is people don't even know

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<v Speaker 5>how old this show is.

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<v Speaker 6>People watch it on Netflix and.

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<v Speaker 5>The only reason people start figuring out how old it

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<v Speaker 5>is when they pull out the blackberries.

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<v Speaker 6>They're like, oh damn, what does a BlackBerry? You know?

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<v Speaker 5>Until you see don't use a cell phone from two

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<v Speaker 5>thousand and seven. You know, people don't know, so it's

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<v Speaker 5>been exciting. It's been great for us because you know,

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<v Speaker 5>we're able to tell people. Look, the talent they created,

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<v Speaker 5>this iconic show is right here and now they're at

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<v Speaker 5>you know, a company with black leadership and the world

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<v Speaker 5>is wide open right now. Man, like we sent. I

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<v Speaker 5>tell content creators all the time if you have good ideas,

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<v Speaker 5>we're doing really good.

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<v Speaker 3>This episode is brought to you by P and C Bank.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christine nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens.

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<v Speaker 5>Have been arrested.

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<v Speaker 1>If you are here illegally, your next you will be

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<v Speaker 1>fine nearly one thousand dollars a day, imprisoned and deported.

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<v Speaker 1>You will never return. But if you register using our

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<v Speaker 1>CBP home app and leave now, you could be allowed

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<v Speaker 1>to return legally. Do what's right. Leave now. Under President

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<v Speaker 1>Trump America's laws, border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 6>Great right now.

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<v Speaker 5>If you look at the because of the strike, we've

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<v Speaker 5>also leaned in there. We always take a chaos and

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<v Speaker 5>create an opportunity. Because of the strike, there's no new content,

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<v Speaker 5>so we've really dug into getting great stories that we

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<v Speaker 5>can turn into docu saries and I'm gonna put one

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<v Speaker 5>on here at EYL that y'all can check out, so

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<v Speaker 5>y'all get to hear it here first, even though we

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<v Speaker 5>got a Vanity Fair article coming out on the next

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<v Speaker 5>couple weeks.

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<v Speaker 6>We just finished.

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<v Speaker 5>We just finished the first unscripted television show filmed at

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<v Speaker 5>the White House around the release of American hostages around

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<v Speaker 5>the world, and most of them are people of color.

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<v Speaker 6>So we took you take.

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<v Speaker 5>What happened with Brittany Grinder, and you say, you know,

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<v Speaker 5>for the people that wanted Brittany out, you didn't understand

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<v Speaker 5>why it was taking so long. You didn't understand why

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<v Speaker 5>people were meeting with her spouse. And then when she

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<v Speaker 5>did get out, the other side was like, oh, you

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<v Speaker 5>did too much. You traded her for Satan. Now it's

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<v Speaker 5>all that and so that whole dynamic we felt the

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<v Speaker 5>American people needed to understand. So we just finished the

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<v Speaker 5>show called The Return that's going to come out this winner,

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<v Speaker 5>where we go into the Venezuelan prisons to record behind

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<v Speaker 5>the scenes, to record at the White House, behind the scenes,

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<v Speaker 5>to record their families, behind the scenes, to see the

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<v Speaker 5>release of people of color from foreign prisons that people

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<v Speaker 5>don't know about. This is the power of telling a

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<v Speaker 5>narrative because there's black and brown people in foreign prisons

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<v Speaker 5>right now who never bounce the ball, who have no

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<v Speaker 5>fame or notoriety, that the world needs to know about

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<v Speaker 5>because their freedom is it should be just as paramount

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<v Speaker 5>as anybody else. These are the stories that I think

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<v Speaker 5>doctor King and I know need to be told, and

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<v Speaker 5>we think it can have a profound impact on the

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<v Speaker 5>conversation around black lives in a holistic sense, because you know,

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<v Speaker 5>who's worthy of coming home is a serious conversation, and

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<v Speaker 5>I think the American people need to understand what goes

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<v Speaker 5>into that.

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<v Speaker 7>In the media space, we've seen a dramatic fall of

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<v Speaker 7>Netflix last year. Spotify is going through issues. Podcasts are

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<v Speaker 7>in trouble, Disney's in trouble. What's broken in American media?

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<v Speaker 7>From a business model perspective, I'm interested to hear it.

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<v Speaker 7>Hear Take Suits is one of my favorite shows all time.

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<v Speaker 7>But what do you see in a business model that's

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<v Speaker 7>broken that you feel you can fix And what's your

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<v Speaker 7>outlook on media companies in the publicly trading market, like

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<v Speaker 7>over the next five or six years.

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<v Speaker 5>You know, in my mind, man, we're looking at the

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<v Speaker 5>negotiated death of Cable. That's what you really are seeing.

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<v Speaker 5>They're negotiating the end of Cable because at the end

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<v Speaker 5>of the day, these streaming services, obviously Netflix is.

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<v Speaker 6>Okay, but the rest of them are second win.

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<v Speaker 5>And when they're negotiating with actors and they're negotiating with writers,

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<v Speaker 5>and they know that they want a percentage of the revenue.

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<v Speaker 5>As an impossible conversation if you're not making money to

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<v Speaker 5>share with somebody a negative, right, But the problem is,

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<v Speaker 5>if you're Disney, theoretically, why do you want people to

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<v Speaker 5>have to go through Charter, are At and T to

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<v Speaker 5>get to you when you can sell your apps straight up.

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<v Speaker 5>So right now, and you saw this happen in the Midwest,

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<v Speaker 5>Disney jumped off of Charter. They jumped off for two

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<v Speaker 5>months just to prove a point, and so Charter took

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<v Speaker 5>off ABC, Disney off of all of its platforms. The

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<v Speaker 5>point is for streaming to make money, they're going to

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<v Speaker 5>have to get the middleman out of the way, and

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<v Speaker 5>that's Cable. So what you're seeing right now is the

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<v Speaker 5>negotiated death of Cable, so that Cable will go back

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<v Speaker 5>to doing what they're originally we're doing, which is provide

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<v Speaker 5>a phone service or internet service, but get cable out

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<v Speaker 5>of the content industry. So if you're looking at you know,

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<v Speaker 5>I thought it's on publicly traded companies, the cable's going

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<v Speaker 5>to take to hit the O.

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<v Speaker 6>These companies are going to bounce back. But if you're.

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<v Speaker 5>Looking at the internet services that have been making money

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<v Speaker 5>off of cable, old school, that day is coming to

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<v Speaker 5>an end quickly.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now. You could be allowed to return

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<v Speaker 1>legal do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security,