WEBVTT - How I Made It with Invent.TV Founder Sergio Alfaro 

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<v Speaker 1>Welcome to Strictly Business, Variety's weekly podcasts 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>guest is Sergio Alfaro, founder and CEO of invent TV.

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<v Speaker 1>Alfaro grew up in the Pasadena area in an apartment

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<v Speaker 1>that didn't even have a television. Now he produces dozens

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<v Speaker 1>of hours of TV every year. Invent TV is a

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<v Speaker 1>busy unscripted production banner that has handled production for a

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<v Speaker 1>range of shows. Invent TV is a busy banner that

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<v Speaker 1>has handled production for a range of shows from Doctor

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<v Speaker 1>Pimple Popper, The Real Housewives of Salt Lake City to

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<v Speaker 1>numerous Oprah Winfrey TV specials over the years. He launched

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<v Speaker 1>the company about ten years ago in partnership with investor

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<v Speaker 1>and philanthropist Jeffrey Soros. Alfaro is truly a modern day

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<v Speaker 1>Horatio Alger. He started out in entertainment stocking dressing rooms

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<v Speaker 1>and cleaning up debauchery after live performances. Today he's a

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<v Speaker 1>business owner who was courted for prestigious board seats and

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<v Speaker 1>in the twenty five years in between, he had a

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<v Speaker 1>rise and a fall with the previous company. Alfaro explains

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<v Speaker 1>how he built it back up and what he learned

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<v Speaker 1>from the hard process of failure, and he gives us

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<v Speaker 1>a producer's i view on the unscripted TV marketplace. Right now,

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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 a conversation with Invent TV founder and CEO Sergio Alfaro.

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<v Speaker 2>Sergio Alfaro, CEO of Invent TV, thank you for joining

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<v Speaker 2>me today.

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<v Speaker 3>Thank you for having.

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<v Speaker 2>Me, and dear listeners. Sergio is from Pasadena, which is

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<v Speaker 2>my hometown, and he brought me a gorgeous pie from

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<v Speaker 2>Pie and Burger. That is a very sweet gesture and

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<v Speaker 2>a very Pasadena gesture. Thank you. You have a fantastic

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<v Speaker 2>backstory and inspiring You are a born entrepreneur backstory, and

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<v Speaker 2>I want to talk about that, but I want to

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<v Speaker 2>start by you are also right now in the trench's

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<v Speaker 2>selling shows. Right now, we are five months in to

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<v Speaker 2>the macroeconomic roller coaster ride that has been the second

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<v Speaker 2>Trump administration. What is your sense out there right now?

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<v Speaker 2>Are people still finding their way through the fog?

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<v Speaker 3>I think there's a lot of fear in general job security.

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<v Speaker 3>What's the next hit, and I think it goes globally.

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<v Speaker 3>It's not just the production company's feeling it. I think

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<v Speaker 3>the networks are feeling it as well. Their next bet

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<v Speaker 3>may be the wrong bet, and then that costs them

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<v Speaker 3>their jobs and everybody else's jobs. So I think people

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<v Speaker 3>are playing it safe right now. I think that eventually

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<v Speaker 3>somebody's going to take some swings again and get a

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<v Speaker 3>huge hit on the air, and that might rejigger things

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<v Speaker 3>again and put it back to normal. I think this

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<v Speaker 3>is cyclical.

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<v Speaker 2>In the business of pitching and getting show commissions from outlets,

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<v Speaker 2>we've seen a lot of consolidation. Now. We have in

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<v Speaker 2>many cases, not every single case, but of the major platforms,

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<v Speaker 2>you have single execs or single teams overseeing for broadcasts,

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<v Speaker 2>for streaming, for a cable. How has that been for you?

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<v Speaker 2>As a seller, we try and be a lot.

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<v Speaker 3>More focused on who we're pitching and selling to. I

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<v Speaker 3>think it's like buying a home these days. You can

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<v Speaker 3>name a network and know exactly what kind of programming

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<v Speaker 3>they have. So if you go in kind of open ended,

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<v Speaker 3>here's a general idea, it only works if you have

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<v Speaker 3>some major talent and a lot of buyers that are

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<v Speaker 3>going to go into it. You know, if you're going

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<v Speaker 3>to the NBCs of the world and CBS, then yeah,

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<v Speaker 3>you better come with big talent, big format, big big big,

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<v Speaker 3>and you can get a bidding war. In the unscripted world,

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<v Speaker 3>it's pretty tailored, you know, it's pretty well focused, like

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<v Speaker 3>here's something that suits you, the buyer, and then they

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<v Speaker 3>decide if they're going to put it on their linear

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<v Speaker 3>channel or their streaming channel if they have one. But

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<v Speaker 3>we try and be very focused and thankfully because of

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<v Speaker 3>the relationships we have, whether it's a Lane one of

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<v Speaker 3>my favorite executives in Angelo over Elane's at A and

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<v Speaker 3>E and Angelo's at we TV. We text them, you know,

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<v Speaker 3>we say, hey, here's an idea, and they're so wonderful

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<v Speaker 3>with us to just say not for us, or that's interesting,

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<v Speaker 3>tell us more. Then we focus in on that and

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<v Speaker 3>develop it further and further, and it's it's like anything else.

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<v Speaker 3>It's like a relationship. I feel like we are we

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<v Speaker 3>are trying to sell something like a real estate agent.

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<v Speaker 3>Let me show you a couple of homes. It's not

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<v Speaker 3>always going to be the first home you see. Let

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<v Speaker 3>me show you another one, and that kind of words

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<v Speaker 3>but put a pool in it. Okay, sure, but we

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<v Speaker 3>can't afford the pool.

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<v Speaker 2>That's an interesting analogy, and all my years of talking

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<v Speaker 2>to producers, nobody else has ever made that analogy. But

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<v Speaker 2>that's a great one. Thank you.

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<v Speaker 3>Well, that's what we do. We got to show options,

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<v Speaker 3>and we can be precious either. I think a lot

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<v Speaker 3>of people get precious about their idea, especially newcomers, you know,

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<v Speaker 3>people coming into the industry and here's my idea, and

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<v Speaker 3>it's so great. We've heard it before. We call it

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<v Speaker 3>a mop most often pitched. If I hear one more

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<v Speaker 3>person say this is the Anthony Bourdain of like, oh

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<v Speaker 3>my god, that is like a weekly thing. Still and

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<v Speaker 3>we all smile when they say it, you know.

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<v Speaker 2>Rest in peace, Rest in peace, Love Kitchen Confidential, one

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<v Speaker 2>of the great books of the nineteen.

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<v Speaker 3>Ninety Yeah, these, I mean, but nobody's Anthony boardaining.

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<v Speaker 2>So but let me ask you, is the process with

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<v Speaker 2>the consolidation and the fact that there's fewer people overseeing credit,

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<v Speaker 2>over seeing more platforms, is that appreciably better? Yeah? For

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<v Speaker 2>a pitcher, is it appreciably worse?

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<v Speaker 3>I think it's much better because you know, you don't

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<v Speaker 3>have to pitch to a bunch of different teams, and

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<v Speaker 3>it doesn't have to go through so many more layers.

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<v Speaker 3>There's still plenty of layers, don't get me wrong, but

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<v Speaker 3>it's you're going to one person that could actually think

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<v Speaker 3>about multiple options. Oh, this doesn't work for this linear channel,

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<v Speaker 3>but this could work for our streamers. So I think

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<v Speaker 3>you're pitching into one person that has several options, you know,

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<v Speaker 3>So I think it actually works better quite frankly. But

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<v Speaker 3>the workload for them, I really that's tough. I mean,

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<v Speaker 3>the amount of hats that they're wearing now and the

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<v Speaker 3>things that they're juggling. I have a lot of respect

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<v Speaker 3>for the network executives that are just wearing too many hats.

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<v Speaker 3>In my opinion, it's tough. I have a really hard.

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<v Speaker 2>Job that the scarcity of executive jobs is definitely is

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<v Speaker 2>definitely notable. Let me ask you, is it still fair

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<v Speaker 2>to say that, you know, basically the kind of the

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<v Speaker 2>hierarchy of budget is broadcast, you'll have a pretty solid

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<v Speaker 2>budget because it's kind of got to be big streaming obviously,

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<v Speaker 2>because in some cases to print their own money it's

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<v Speaker 2>a little old school. But and then cable obviously is

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<v Speaker 2>very you know, very much the you know, stretch stretcher

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<v Speaker 2>dollars and make them work, but we'll give you a

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<v Speaker 2>sixty episode order. Is that kind of basically.

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<v Speaker 3>Yeah, yeah, it all works the same and at the

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<v Speaker 3>end of the day, it's everything is manageable. It really is.

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<v Speaker 3>And I feel that again going to people being precious.

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<v Speaker 3>I think right now there's a lot of production companies

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<v Speaker 3>I don't understand why they do it, or they'll literally

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<v Speaker 3>pass on a network because it's not enough money. Like

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<v Speaker 3>roll up your sleeves, figure it out. You know, there's

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<v Speaker 3>you've got to change with the times, and the networks

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<v Speaker 3>are very accommodating to what those needs are and those

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<v Speaker 3>financial changes. You know, it's across the board, so the

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<v Speaker 3>showrunners know what's going on, the camera operators know what's

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<v Speaker 3>going on, the vendors know what's going on. So if

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<v Speaker 3>you want the business, you've got to change with us.

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<v Speaker 3>And thankfully we haven't had struggles working within you know,

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<v Speaker 3>tighter confines with some of the buyers and some of

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<v Speaker 3>the networks. We call our people and thankfully, I mean

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<v Speaker 3>I've been in the business a long time. We have

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<v Speaker 3>a lot of loyalty. We're good to our people. If

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<v Speaker 3>we have the money, we use the same people and

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<v Speaker 3>we take care of them and what we don't. It's

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<v Speaker 3>not even an ask, you know, I'm not asking for

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<v Speaker 3>a favor. I just say, hey, this is what we have.

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<v Speaker 3>We're incredibly transparent with our partners, our vendors, everybody, and

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<v Speaker 3>I think being kind, being honest, being consistent really works

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<v Speaker 3>long term. It does.

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<v Speaker 2>Do you are there sort of advantages Do you enjoy

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<v Speaker 2>working in the kind of three major mediums, whether it's

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<v Speaker 2>for streamer, broadcast, k but you flex different muscles for sure.

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<v Speaker 3>My favorite is still live. You know, I started with

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<v Speaker 3>Ken Rlick that way back in the day. But whenever

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<v Speaker 3>I'm on a live set, that's family. It's different because

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<v Speaker 3>unscripted projects and scripted projects are very contingent to the genre,

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<v Speaker 3>the network, and there are certain people that I would

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<v Speaker 3>consider family within those groups. Live events it's the same people.

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<v Speaker 3>The only person changing is on top the production company

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<v Speaker 3>and the executive producer Serjo.

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<v Speaker 2>This is a great segue. Tell us what it was

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<v Speaker 2>about live events that that was your path into the industry.

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<v Speaker 3>So I got offered a job in the mid nineties

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<v Speaker 3>on a show called Motown Live. So when I grew

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<v Speaker 3>up we didn't have a television. We had a radio

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<v Speaker 3>on top of a refrigerator and we played radio. It's

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<v Speaker 3>a Spanish station that was just always on. And I

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<v Speaker 3>was raised by a single mom, me and my brother,

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<v Speaker 3>and she was always working. She was an auditor and

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<v Speaker 3>travel a lot. My brother and I just kind of

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<v Speaker 3>raised ourselves. We play out on the streets and listen

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<v Speaker 3>to the Spanish radio. So when I got it, when

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<v Speaker 3>I got a job in television, I didn't know what

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<v Speaker 3>that really meant. I was dating somebody at the time

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<v Speaker 3>and the father offered me a job to do dressing rooms.

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<v Speaker 3>I didn't know what that meant. So I went to

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<v Speaker 3>this show a Motel live at Renmar Studios, and I

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<v Speaker 3>would work after college. I would work from i'd say

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<v Speaker 3>about four pm till about three in the morning, sometimes

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<v Speaker 3>two in the morning, and my job was to put

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<v Speaker 3>drinks and sodas and waters and towels in dressing rooms

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<v Speaker 3>of celebrities and motown Live if you know that was

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<v Speaker 3>like Snoop Dog and Bust the Rhymes and just all

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<v Speaker 3>kinds of rowdy groups in the mid nineties.

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<v Speaker 2>These were live TV special live TV.

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<v Speaker 3>Specials, correct, and my job was to fill them with

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<v Speaker 3>supplies when they're there, and then hang out and at

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<v Speaker 3>the end of the night, which was the crazy part.

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<v Speaker 3>It was like the scene of sixteen Candles at the

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<v Speaker 3>end with the pizza on the record player and things

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<v Speaker 3>thrown everywhere, and I would walk in and scratch my

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<v Speaker 3>head and clean up. And this was my job, Like

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<v Speaker 3>I didn't like it, and I was making I think

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<v Speaker 3>it was like seventy five dollars a day. It was

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<v Speaker 3>bad then it's bad now twenty five cents a mile.

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<v Speaker 3>My car only started half the time. By the way,

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<v Speaker 3>I had a seventy one Volkswagen that to this day

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<v Speaker 3>I back in everywhere I go, not because I'm cool,

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<v Speaker 3>but because I'm just you know, I'm scarred. My car

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<v Speaker 3>never started, so I'd have to open the door, put

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<v Speaker 3>it in neutral. If you know how to jump a car,

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<v Speaker 3>push it down the hill, jump in, put it in second,

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<v Speaker 3>pop the clutch, and then I get to go.

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<v Speaker 2>So it facing front.

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<v Speaker 3>Are conduc always so at the end of the season,

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<v Speaker 3>you know, people liked my work ethic. I never complained.

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<v Speaker 3>I just did the job, kept my head down, and

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<v Speaker 3>they offered me another job to go work on another project.

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<v Speaker 3>So at the end of the season. I got offered

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<v Speaker 3>a job to do the Grammys. I didn't know what

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<v Speaker 3>that was. And I would be doing more dressing rooms

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<v Speaker 3>for more celebrities. And I was like, oh, I don't

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<v Speaker 3>know if I want to do that. That doesn't sound appealing.

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<v Speaker 3>But I would be now the coordinator, which is that's

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<v Speaker 3>the guy that was telling me what to do that

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<v Speaker 3>did nothing. Wow, that sounds interesting, and am I going

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<v Speaker 3>to make a little bit more money? And yes, it

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<v Speaker 3>was like twelve hundred dollars. Now I'm nineteen, maybe twenty

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<v Speaker 3>at the time, and I got offered twelve hundred dollars

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<v Speaker 3>a week. That was just out of my mind. I

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<v Speaker 3>mean I still remember to this day. I walked into

0:12:20.679 --> 0:12:23.240
<v Speaker 3>a bank called Washington Mutual at the time it's now

0:12:23.280 --> 0:12:25.680
<v Speaker 3>I don't even know what has transitioned into and after

0:12:25.760 --> 0:12:28.880
<v Speaker 3>taxes like eight hundred and seventy something dollars. I don't

0:12:28.880 --> 0:12:31.320
<v Speaker 3>know what my problem was, but I thought I was busted,

0:12:31.760 --> 0:12:33.800
<v Speaker 3>Like this check is not going to clear, this is

0:12:33.840 --> 0:12:37.080
<v Speaker 3>some sort of this is so much money. There's no

0:12:37.360 --> 0:12:39.680
<v Speaker 3>way that a bank that I don't even have a

0:12:39.679 --> 0:12:43.040
<v Speaker 3>bank account is going to cash this eight hundred and

0:12:43.040 --> 0:12:46.200
<v Speaker 3>seventy something dollars check. So I was paranoid walking into

0:12:46.240 --> 0:12:48.240
<v Speaker 3>the bank. They asked for my ID. I swear I

0:12:48.280 --> 0:12:51.520
<v Speaker 3>was robbing the place. I just felt so much anxiety

0:12:51.559 --> 0:12:54.880
<v Speaker 3>and stress. And then they counted out the money and

0:12:54.920 --> 0:12:56.880
<v Speaker 3>then I'm freaking out that I have eight hundred dollars

0:12:56.920 --> 0:12:59.040
<v Speaker 3>in my pocket and somebody's going to rob me as

0:12:59.040 --> 0:13:02.160
<v Speaker 3>if the world knows and I have eight hundred dollars

0:13:02.240 --> 0:13:05.080
<v Speaker 3>in my pocket. So then I opened to bank account

0:13:05.120 --> 0:13:06.880
<v Speaker 3>so I wouldn't have to carry around that kind of

0:13:07.320 --> 0:13:07.920
<v Speaker 3>large though.

0:13:09.679 --> 0:13:10.200
<v Speaker 2>And that was it.

0:13:10.480 --> 0:13:14.160
<v Speaker 3>I actually there are three moments in my life where

0:13:14.880 --> 0:13:18.240
<v Speaker 3>I feel I have had like this feeling of the

0:13:18.280 --> 0:13:21.400
<v Speaker 3>world changing. That was one of those moments. When I

0:13:21.480 --> 0:13:24.480
<v Speaker 3>was cashing that check and opening an account, I stopped

0:13:24.480 --> 0:13:27.760
<v Speaker 3>for a moment to think, this is a career, Like

0:13:27.960 --> 0:13:30.000
<v Speaker 3>I could actually do this for a living, and if

0:13:30.040 --> 0:13:32.880
<v Speaker 3>I'm making this now, And this is where that epiphany came.

0:13:33.200 --> 0:13:37.600
<v Speaker 3>I had this like flash of Kennerlick's house and his

0:13:37.880 --> 0:13:41.600
<v Speaker 3>cars and the people that I was around from Ricky Minor,

0:13:41.640 --> 0:13:44.800
<v Speaker 3>who now does all these major shows at the time, was,

0:13:44.880 --> 0:13:47.319
<v Speaker 3>you know, starting as a musical director. I don't know

0:13:47.320 --> 0:13:49.400
<v Speaker 3>about starting, but he was definitely on the come up

0:13:49.400 --> 0:13:52.040
<v Speaker 3>in the nineties to Paul Sandwise, who was a music

0:13:52.200 --> 0:13:54.400
<v Speaker 3>like I went to all these people's homes as a

0:13:54.400 --> 0:13:57.559
<v Speaker 3>as a runner, and I just saw everything and how

0:13:57.640 --> 0:13:59.480
<v Speaker 3>beautiful it was and the things that they had, and

0:13:59.520 --> 0:14:02.720
<v Speaker 3>I'm like, oh my god, if I'm this young working here,

0:14:02.840 --> 0:14:04.920
<v Speaker 3>And that was the epiphany, where will I be in

0:14:05.000 --> 0:14:07.800
<v Speaker 3>ten years? That's it? What does the next person do?

0:14:07.880 --> 0:14:10.160
<v Speaker 3>And what does the next person do? And just went

0:14:10.200 --> 0:14:12.880
<v Speaker 3>through that. The other two are pretty basic, not basic,

0:14:12.920 --> 0:14:14.600
<v Speaker 3>but equally as beautiful.

0:14:15.240 --> 0:14:18.320
<v Speaker 1>Don't go anywhere. We'll be back with more from Invent

0:14:18.440 --> 0:14:27.520
<v Speaker 1>TV CEO Sergio Alfaro after this break, and we're back

0:14:27.560 --> 0:14:30.920
<v Speaker 1>with more from Invent TV CEO Sergio alfarow.

0:14:31.600 --> 0:14:33.040
<v Speaker 3>The other one was when I got on my knee

0:14:33.080 --> 0:14:35.360
<v Speaker 3>to propose to my wife, and I knew I was

0:14:35.400 --> 0:14:38.200
<v Speaker 3>doing it. I bought the ring. She was out of town.

0:14:38.880 --> 0:14:41.480
<v Speaker 3>When she left town, I realized we had been together

0:14:41.520 --> 0:14:44.200
<v Speaker 3>two years. I can't live without her. That's what my

0:14:45.000 --> 0:14:47.960
<v Speaker 3>determining factor was. So when I bought a ring, and

0:14:48.000 --> 0:14:49.800
<v Speaker 3>I had this whole plan of when she comes back,

0:14:49.800 --> 0:14:51.000
<v Speaker 3>I'm going to take her to where we had our

0:14:51.040 --> 0:14:53.760
<v Speaker 3>first date. I'm going to propose to her, and when

0:14:53.760 --> 0:14:56.040
<v Speaker 3>I put my knee down on the ground, it was

0:14:56.080 --> 0:14:58.520
<v Speaker 3>like in the movies where like a sonic wave went

0:14:58.560 --> 0:15:02.720
<v Speaker 3>through my body went through the earth earth of responsibility.

0:15:02.800 --> 0:15:06.480
<v Speaker 3>This is it, this is my person for life. And

0:15:06.680 --> 0:15:09.440
<v Speaker 3>it was a great decision. We've been together twenty years.

0:15:09.840 --> 0:15:14.040
<v Speaker 3>Name Tiffany, Tiffany Alfaro, She's a love. And the third

0:15:14.080 --> 0:15:15.880
<v Speaker 3>one was when my first son was born. Not that

0:15:15.920 --> 0:15:18.400
<v Speaker 3>I don't love all my children, but I didn't know

0:15:18.440 --> 0:15:21.160
<v Speaker 3>what it was like to have a child. And I

0:15:21.200 --> 0:15:24.600
<v Speaker 3>think until you do, you really don't know the meaning

0:15:24.640 --> 0:15:28.640
<v Speaker 3>of life at all. You don't know true love. Not

0:15:28.680 --> 0:15:30.800
<v Speaker 3>that I don't love my mom and my grandmother. There's

0:15:30.800 --> 0:15:35.160
<v Speaker 3>something instinctual about having your own child that just changes

0:15:35.360 --> 0:15:39.480
<v Speaker 3>absolutely everything. And the moment my son was born, that

0:15:39.680 --> 0:15:43.280
<v Speaker 3>changed everything for me. And again that same wave of responsibility,

0:15:43.280 --> 0:15:46.080
<v Speaker 3>and it was instant. The moment I held that kid

0:15:46.520 --> 0:15:50.720
<v Speaker 3>in the emergency room, that was it. I knew love

0:15:50.920 --> 0:15:53.480
<v Speaker 3>in a different way. I knew responsibility in a different way.

0:15:53.520 --> 0:15:56.760
<v Speaker 3>And yeah, those are those are the big the big three.

0:15:56.840 --> 0:15:59.280
<v Speaker 2>I guess for me based on what she said, the

0:15:59.320 --> 0:16:02.680
<v Speaker 2>work that you grew up with, what would you say then,

0:16:02.800 --> 0:16:04.880
<v Speaker 2>in like the next five to ten years. What were

0:16:04.880 --> 0:16:08.360
<v Speaker 2>the steps that you took that led you to now

0:16:08.400 --> 0:16:10.680
<v Speaker 2>being the head of your own company and having juggling

0:16:10.720 --> 0:16:12.400
<v Speaker 2>this portfolio of multiple ventures.

0:16:12.640 --> 0:16:15.040
<v Speaker 3>So I was with Kenny for literally, I think it

0:16:15.080 --> 0:16:19.280
<v Speaker 3>was thirteen years. And in Kenny's house there was really

0:16:20.240 --> 0:16:25.280
<v Speaker 3>four people. You know, there was kennerlick Ron Vacilly, Lisa Gears,

0:16:25.360 --> 0:16:26.520
<v Speaker 3>and Paige Hapley.

0:16:26.840 --> 0:16:29.960
<v Speaker 2>All names that you know from credits of a gazillion.

0:16:29.520 --> 0:16:32.760
<v Speaker 3>Show of a gazillion shows. And it didn't matter which

0:16:32.840 --> 0:16:35.200
<v Speaker 3>whether it was the Emmy's or and Grammy's was a

0:16:35.200 --> 0:16:37.920
<v Speaker 3>little different because I was always tied with Cosette. So

0:16:38.280 --> 0:16:41.840
<v Speaker 3>we we would build the shows, just a small group

0:16:41.920 --> 0:16:44.920
<v Speaker 3>of us and knock them down, and it was over

0:16:45.000 --> 0:16:46.640
<v Speaker 3>and over and over, and we would.

0:16:46.360 --> 0:16:51.320
<v Speaker 2>Do and you're talking about physical sets, every rigging cameras.

0:16:50.840 --> 0:16:53.160
<v Speaker 3>Every single thing. So, you know, a show would come

0:16:53.200 --> 0:16:56.960
<v Speaker 3>in and say here's the idea, and then you know,

0:16:57.080 --> 0:16:59.080
<v Speaker 3>Kenny would come up with, you know, some of the

0:16:59.120 --> 0:17:02.000
<v Speaker 3>ideas of the talent and who we're going to use

0:17:02.000 --> 0:17:05.560
<v Speaker 3>for staging and lighting and all these different things, and

0:17:05.600 --> 0:17:09.040
<v Speaker 3>then we would find those people, we would hire those people.

0:17:09.080 --> 0:17:12.000
<v Speaker 3>But again, like I said earlier, it's all the same people. Right,

0:17:12.040 --> 0:17:15.280
<v Speaker 3>It's literally family, and I grew up with all of

0:17:15.320 --> 0:17:20.280
<v Speaker 3>them like literally my entire career. So the transition really

0:17:20.320 --> 0:17:23.359
<v Speaker 3>came for me now running the companies is there was

0:17:23.400 --> 0:17:26.359
<v Speaker 3>a writer strike at the same time there was a

0:17:26.400 --> 0:17:29.360
<v Speaker 3>market crash. This was how many years ago.

0:17:29.200 --> 0:17:30.800
<v Speaker 2>Two thousand and seven, two thousand and eight.

0:17:31.400 --> 0:17:34.280
<v Speaker 3>So at that time I had two kids. I now

0:17:34.359 --> 0:17:37.400
<v Speaker 3>had three at a house. I bought a second house

0:17:37.400 --> 0:17:39.560
<v Speaker 3>that I was going to try and flip because I

0:17:39.600 --> 0:17:42.560
<v Speaker 3>thought it was the right thing to do. Everything came

0:17:42.640 --> 0:17:45.000
<v Speaker 3>to a crashing halt at the same time. There was

0:17:45.200 --> 0:17:50.240
<v Speaker 3>no work for me anywhere. And it's not something I'm

0:17:50.280 --> 0:17:52.960
<v Speaker 3>proud of, but I you know, I'm the breadwinner of

0:17:53.000 --> 0:17:56.480
<v Speaker 3>my household. I don't have a family with wealth that

0:17:56.560 --> 0:17:59.040
<v Speaker 3>I could turn to. I lost my house and I

0:17:59.080 --> 0:18:05.800
<v Speaker 3>had a transition into this new smut business called reality television.

0:18:06.720 --> 0:18:09.840
<v Speaker 3>What the hell is that? I literally had no clue.

0:18:10.040 --> 0:18:12.280
<v Speaker 2>There was this wonderful guy and in your mind it

0:18:12.400 --> 0:18:14.960
<v Speaker 2>had kind of used to call the smut business. It

0:18:15.080 --> 0:18:17.440
<v Speaker 2>had a kind of a negative connotation.

0:18:17.600 --> 0:18:20.840
<v Speaker 3>I mean, you're doing the Emmys and the Oscars, and

0:18:20.920 --> 0:18:23.600
<v Speaker 3>you're doing these huge shows with the biggest stars in

0:18:23.680 --> 0:18:28.280
<v Speaker 3>red carpet. You just think you're so cool. So there's

0:18:28.320 --> 0:18:31.280
<v Speaker 3>this wonderful human being, one of my favorite in the

0:18:31.280 --> 0:18:35.840
<v Speaker 3>industry named Jay Peterson. He brought me into do a

0:18:36.000 --> 0:18:39.359
<v Speaker 3>development tape for a company that he was going to

0:18:39.440 --> 0:18:43.720
<v Speaker 3>called Original Media, not Original Pictures of Original Media. People

0:18:43.800 --> 0:18:46.880
<v Speaker 3>always confuse that. And I came in and I did

0:18:46.880 --> 0:18:51.320
<v Speaker 3>this project. What was crazy is it was a development project.

0:18:51.359 --> 0:18:55.000
<v Speaker 3>And now, having gone through everything I went through, you know,

0:18:55.119 --> 0:18:59.359
<v Speaker 3>losing my home, you know, having losing both homes actually

0:18:59.440 --> 0:19:02.679
<v Speaker 3>because it was I couldn't make the payments, and I

0:19:02.720 --> 0:19:06.600
<v Speaker 3>got offered a job from Jay to be I forgot

0:19:06.600 --> 0:19:10.840
<v Speaker 3>what it was. It was some like development tape, like

0:19:10.960 --> 0:19:13.840
<v Speaker 3>just overseeing eight projects, a tiny little thing. And I

0:19:13.880 --> 0:19:17.400
<v Speaker 3>think I got paid twelve hundred dollars that many years

0:19:17.480 --> 0:19:20.600
<v Speaker 3>later to oversee this project. But it had hope for

0:19:20.640 --> 0:19:22.480
<v Speaker 3>this other job that he was looking at to bring

0:19:22.520 --> 0:19:25.600
<v Speaker 3>me in over to Original Media. So I did it.

0:19:25.640 --> 0:19:27.680
<v Speaker 3>I didn't care, like, look, I need I don't care

0:19:27.680 --> 0:19:30.119
<v Speaker 3>what the job is. I need a job I wasn't

0:19:30.240 --> 0:19:34.000
<v Speaker 3>proud to take less. I get this job and I

0:19:34.080 --> 0:19:36.840
<v Speaker 3>do it, and I'm asking Jay a lot of questions

0:19:36.880 --> 0:19:40.120
<v Speaker 3>that he's so polite and so kind that I'm sure

0:19:40.119 --> 0:19:43.400
<v Speaker 3>I irritated him because it was a development. Now I understand,

0:19:43.400 --> 0:19:45.920
<v Speaker 3>like it was just a sizzle like relax. I'm like, well,

0:19:46.080 --> 0:19:47.920
<v Speaker 3>who's doing the books? He's like the books?

0:19:48.359 --> 0:19:48.639
<v Speaker 2>You do?

0:19:48.720 --> 0:19:49.359
<v Speaker 3>The books? You know?

0:19:49.440 --> 0:19:50.639
<v Speaker 2>And who's getting the insurance?

0:19:50.760 --> 0:19:54.119
<v Speaker 3>You get the insurance? Like you keep out? Just do it, like,

0:19:54.160 --> 0:19:57.080
<v Speaker 3>stop asking me all these questions. The good thing is

0:19:57.119 --> 0:19:59.359
<v Speaker 3>he saw what I was capable of and he offered

0:19:59.359 --> 0:20:03.280
<v Speaker 3>me a job to be a line producer at Original Media.

0:20:03.560 --> 0:20:05.600
<v Speaker 3>So I went over there and.

0:20:05.880 --> 0:20:09.080
<v Speaker 2>Edited by one Charlie Corwin. Charlie went an alumnus of

0:20:09.080 --> 0:20:14.399
<v Speaker 2>this podcast and alumnus of Imagine Entertainment and also in

0:20:14.440 --> 0:20:15.040
<v Speaker 2>the Maullshine.

0:20:15.119 --> 0:20:18.359
<v Speaker 3>Yeah, and they made me a line producer on a

0:20:18.400 --> 0:20:21.520
<v Speaker 3>show called La Inc. We had just brought over Kat

0:20:21.600 --> 0:20:25.040
<v Speaker 3>Vondie from Miami and we were doing this series called

0:20:25.160 --> 0:20:28.679
<v Speaker 3>La Inc. And they wanted me to just look at

0:20:28.720 --> 0:20:30.679
<v Speaker 3>the LA office. Let me know what I think of

0:20:30.720 --> 0:20:33.240
<v Speaker 3>how things are being run and how things are going and.

0:20:34.520 --> 0:20:36.200
<v Speaker 2>Kind of production logistics.

0:20:36.280 --> 0:20:39.439
<v Speaker 3>Christ I wasn't on the creative side yet. I was

0:20:39.520 --> 0:20:42.640
<v Speaker 3>just looking at the numbers. And I because I come

0:20:42.680 --> 0:20:46.040
<v Speaker 3>from a live events background, I tried to apply that

0:20:46.640 --> 0:20:51.560
<v Speaker 3>business acumen to the unscripted world, which worked well. I

0:20:51.600 --> 0:20:53.640
<v Speaker 3>felt there was a lot of waste in my opinion

0:20:53.680 --> 0:20:56.879
<v Speaker 3>that we were just doing I mean, we were just

0:20:57.160 --> 0:20:59.240
<v Speaker 3>there was a lot of I don't know if this

0:20:59.280 --> 0:21:01.520
<v Speaker 3>is appropriate to say, so, I don't know, it's kind

0:21:01.520 --> 0:21:05.200
<v Speaker 3>of great, it was very wasteful. So I was doing

0:21:05.320 --> 0:21:08.240
<v Speaker 3>LA Inc. They brought me into Light Produce la Inc.

0:21:08.280 --> 0:21:11.000
<v Speaker 3>And quickly they're like, hey, could you take on another project?

0:21:11.080 --> 0:21:14.360
<v Speaker 3>The way on scripted working, you can give me ten projects.

0:21:14.400 --> 0:21:18.800
<v Speaker 3>This is not a difficult job for me by comparison

0:21:18.840 --> 0:21:21.240
<v Speaker 3>of what I used to do, you know, even from.

0:21:21.240 --> 0:21:24.480
<v Speaker 2>Creating a big, gigantic live event to all come together

0:21:24.600 --> 0:21:25.760
<v Speaker 2>in one two hour time.

0:21:25.840 --> 0:21:28.320
<v Speaker 3>Yeah, I mean like live events is, you're working on

0:21:28.400 --> 0:21:30.080
<v Speaker 3>it for a few months, you do it in one day,

0:21:30.080 --> 0:21:31.440
<v Speaker 3>and you knock it down in a week.

0:21:31.640 --> 0:21:33.760
<v Speaker 2>You get out and you get no second take.

0:21:33.800 --> 0:21:37.080
<v Speaker 3>No, and you're out. And I'm looking at these budgets

0:21:37.080 --> 0:21:42.479
<v Speaker 3>and fourteen weeks of edit per episode, Like I was like,

0:21:42.640 --> 0:21:45.439
<v Speaker 3>what is it? That's crazy? Like I couldn't wrap my

0:21:45.440 --> 0:21:48.080
<v Speaker 3>head around it. So I was looking at the economics

0:21:48.080 --> 0:21:49.520
<v Speaker 3>of it, and I came up with a few business

0:21:49.560 --> 0:21:52.800
<v Speaker 3>plans and I presented them to Charlie and Jay and

0:21:52.960 --> 0:21:55.440
<v Speaker 3>ultimately I ran the LA office for a long time.

0:21:55.600 --> 0:22:00.000
<v Speaker 3>I started looking for some venture capital folks to see,

0:22:00.080 --> 0:22:03.960
<v Speaker 3>you like, put somebody back my company, and I found one.

0:22:04.400 --> 0:22:07.080
<v Speaker 2>You weren't scared off of jumping in some of the

0:22:07.119 --> 0:22:08.879
<v Speaker 2>shark infested VC waters.

0:22:09.080 --> 0:22:12.960
<v Speaker 3>I was scared. I'm always scared. So I partnered with

0:22:13.000 --> 0:22:17.520
<v Speaker 3>William Johnson from Demorest. William Johnson is Franklin Temple dit

0:22:17.560 --> 0:22:19.840
<v Speaker 3>Johnson's I'm still friends with him. I now help him

0:22:19.880 --> 0:22:23.800
<v Speaker 3>with his stem cell rejuvenation hospitals in Thailand. I am

0:22:23.840 --> 0:22:28.320
<v Speaker 3>not a doctor, but they're still friends. That company, you know,

0:22:28.840 --> 0:22:32.320
<v Speaker 3>it was a good stepping stone to learn wasn't the

0:22:32.440 --> 0:22:36.240
<v Speaker 3>long term company I was going to stay with. And

0:22:36.280 --> 0:22:40.760
<v Speaker 3>then I was fortunate enough to find somebody that was

0:22:40.920 --> 0:22:45.240
<v Speaker 3>also in media, Jeffrey Sorrows, who started Los Angeles Media Fund,

0:22:45.480 --> 0:22:48.719
<v Speaker 3>and we've been partners. I think it's nine years now

0:22:48.760 --> 0:22:51.679
<v Speaker 3>if I'm not mistaken, and he's great, I mean, just

0:22:52.520 --> 0:22:55.879
<v Speaker 3>solid human being. He believed in he believed in me,

0:22:56.040 --> 0:22:57.880
<v Speaker 3>he believed in the vision of what we were going

0:22:57.920 --> 0:23:02.040
<v Speaker 3>to do. We've done it. It's definitely ups and downs

0:23:02.080 --> 0:23:05.679
<v Speaker 3>throughout the nine years. But he's about as solid of

0:23:05.680 --> 0:23:08.480
<v Speaker 3>a person as they come. He's a good human, he's

0:23:08.480 --> 0:23:11.560
<v Speaker 3>a good father, and that's that's what I try and

0:23:13.119 --> 0:23:15.480
<v Speaker 3>look for now. I grew up in the world Don

0:23:15.480 --> 0:23:19.080
<v Speaker 3>Mischer about Baying great Sales, Kenderly, you know Lewis J.

0:23:19.080 --> 0:23:21.920
<v Speaker 2>Horror, that's a hall of fame of you know, big

0:23:21.960 --> 0:23:25.199
<v Speaker 2>TV events the last thirty forty years for sure. Let

0:23:25.240 --> 0:23:28.200
<v Speaker 2>me ask you about Jeffrey Soros, what is it about

0:23:28.240 --> 0:23:32.040
<v Speaker 2>your partnership and the way that that whether the how

0:23:32.040 --> 0:23:35.119
<v Speaker 2>the investment works or what level of input they have.

0:23:35.480 --> 0:23:38.360
<v Speaker 2>What is it about that partnership that works. We've seen

0:23:38.480 --> 0:23:42.119
<v Speaker 2>examples of times when private equity combining with creative people

0:23:42.200 --> 0:23:44.480
<v Speaker 2>doesn't work. What is it? What is it you think

0:23:44.480 --> 0:23:46.439
<v Speaker 2>that has allowed it to work in your case, in

0:23:46.480 --> 0:23:47.560
<v Speaker 2>the case of invent TV.

0:23:48.119 --> 0:23:50.840
<v Speaker 3>Well, he's very smart. So he's not you know, he's

0:23:50.880 --> 0:23:54.560
<v Speaker 3>not a passive investor that doesn't understand the industry. He

0:23:54.720 --> 0:23:58.119
<v Speaker 3>knows the business, he knows the trends. He's very well read,

0:23:59.480 --> 0:24:01.280
<v Speaker 3>not just in general, but like he's well read in

0:24:01.359 --> 0:24:03.200
<v Speaker 3>the industry. I mean, he knows he has a pulse

0:24:03.240 --> 0:24:07.000
<v Speaker 3>on the market. So when we're having conversations about ideas

0:24:07.080 --> 0:24:10.160
<v Speaker 3>or shows. We talk every week, sometimes more. But it's

0:24:10.160 --> 0:24:13.600
<v Speaker 3>not you know, here's money, go go do something. It's

0:24:13.680 --> 0:24:16.439
<v Speaker 3>you know, we're strategic with each other. We have conversations.

0:24:16.480 --> 0:24:20.560
<v Speaker 3>He asks smart questions. You know, he watches our sizzles

0:24:20.560 --> 0:24:23.280
<v Speaker 3>when we're going to sell a show. He gives good

0:24:23.320 --> 0:24:26.040
<v Speaker 3>input on those cuts. And he brings ideas as well.

0:24:26.040 --> 0:24:28.439
<v Speaker 3>He's like, hey, what if we do this project? And

0:24:28.480 --> 0:24:31.960
<v Speaker 3>he brings ideas to the table. And he's obviously well connected,

0:24:32.000 --> 0:24:35.720
<v Speaker 3>so sometimes he brings talent or relationships to the table

0:24:35.760 --> 0:24:38.919
<v Speaker 3>as well. So I feel like he's not you know,

0:24:39.040 --> 0:24:43.320
<v Speaker 3>Goldman sachs Or or Chase Bank or some lender that says,

0:24:43.320 --> 0:24:45.840
<v Speaker 3>here's money, let us know what the numbers are. He's

0:24:45.840 --> 0:24:49.640
<v Speaker 3>obviously interested in the numbers as well, but it's he's

0:24:49.760 --> 0:24:53.200
<v Speaker 3>very collaborative and he cares. It's not again and cares

0:24:53.200 --> 0:24:55.439
<v Speaker 3>in a different way. It's not just where's the money,

0:24:55.440 --> 0:24:59.720
<v Speaker 3>what's now? He cares about the greater good of the company.

0:25:00.080 --> 0:25:02.800
<v Speaker 2>So do your career path has been really interesting and

0:25:02.880 --> 0:25:06.720
<v Speaker 2>illuminating about how the media business works and where entrepreneurs

0:25:06.720 --> 0:25:11.240
<v Speaker 2>can find can find their ins Entrepreneurs and hardworking inventive

0:25:11.280 --> 0:25:13.840
<v Speaker 2>people what would you say your goals five to ten

0:25:13.920 --> 0:25:16.280
<v Speaker 2>years for invent TV. Do you kind of like where

0:25:16.320 --> 0:25:17.800
<v Speaker 2>you are? Do you want to grow?

0:25:18.160 --> 0:25:21.080
<v Speaker 3>I definitely want to grow. One thing that's working well

0:25:21.200 --> 0:25:25.040
<v Speaker 3>right now is you know, I'm on eight boards, soon

0:25:25.080 --> 0:25:29.080
<v Speaker 3>to be nine. It's learning. These boards that I'm on

0:25:29.760 --> 0:25:32.440
<v Speaker 3>teach me a lot of what we're doing, what we're

0:25:32.480 --> 0:25:35.320
<v Speaker 3>not doing, where things are going. There's a company I'm

0:25:35.359 --> 0:25:37.399
<v Speaker 3>on the board of right now called Partners in Kind

0:25:37.840 --> 0:25:41.280
<v Speaker 3>and going back to the you know, just doing kind

0:25:41.320 --> 0:25:43.639
<v Speaker 3>and doing what's right for the world. Like this is

0:25:43.640 --> 0:25:48.560
<v Speaker 3>a phenomenal organization. They're doing shows that have an impact

0:25:48.560 --> 0:25:52.639
<v Speaker 3>on the world. So they're co financing ideas and projects.

0:25:52.640 --> 0:25:55.360
<v Speaker 3>But it's not just like feel good projects. It has

0:25:55.440 --> 0:25:58.840
<v Speaker 3>to have an impact campaign that follows so that long

0:25:58.920 --> 0:26:01.240
<v Speaker 3>term we're actually making a difference in the world. We're

0:26:01.280 --> 0:26:06.440
<v Speaker 3>actually doing something that's going to better things, whether it's

0:26:06.480 --> 0:26:12.159
<v Speaker 3>climate change or awareness of certain issues, whether it's autism

0:26:12.280 --> 0:26:14.520
<v Speaker 3>or down syndrome, or I have a kid on the spectrum.

0:26:14.520 --> 0:26:17.520
<v Speaker 3>So that's very important to us. But they're not just

0:26:17.560 --> 0:26:21.160
<v Speaker 3>going to finance shows that's a one off, right. They

0:26:21.200 --> 0:26:23.960
<v Speaker 3>want to make sure that it has legacy and that

0:26:24.040 --> 0:26:26.440
<v Speaker 3>it follows and that people actually do something, And that

0:26:27.359 --> 0:26:31.560
<v Speaker 3>to me is just phenomenal approach on our industry. I

0:26:31.560 --> 0:26:33.320
<v Speaker 3>wouldn't it be great to watch a show that you

0:26:33.400 --> 0:26:36.000
<v Speaker 3>walk away a better person or that you make an

0:26:36.080 --> 0:26:38.560
<v Speaker 3>actual difference just by consuming it. Like I'm going to

0:26:38.600 --> 0:26:41.359
<v Speaker 3>watch this show and I'm going to binge watch it,

0:26:41.760 --> 0:26:44.800
<v Speaker 3>and unlike you White Lotus, I'm not going to go

0:26:44.880 --> 0:26:48.560
<v Speaker 3>kill somebody for their money, but rather, I'm going to

0:26:49.480 --> 0:26:52.080
<v Speaker 3>learn to live a more sustainable life. I'm going to

0:26:52.200 --> 0:26:58.800
<v Speaker 3>learn to be more appreciative of a certain ailment somebody

0:26:58.840 --> 0:27:03.280
<v Speaker 3>may have, whether it's Luke or anything, just to just

0:27:03.320 --> 0:27:06.080
<v Speaker 3>to be a better human in general. To be able

0:27:06.119 --> 0:27:08.000
<v Speaker 3>to get that from consuming goes back to like what

0:27:08.040 --> 0:27:11.000
<v Speaker 3>I said about Housewives. Right, you watch Housewives and it's

0:27:11.000 --> 0:27:12.879
<v Speaker 3>a mess, but you turn off the TV and you're like, oh,

0:27:12.920 --> 0:27:15.119
<v Speaker 3>I'm happy with what I have. I would love to

0:27:15.119 --> 0:27:20.399
<v Speaker 3>be able to create content that just brings hope, inspiration

0:27:20.520 --> 0:27:23.879
<v Speaker 3>and changes, you know, the out the outcome of something

0:27:23.880 --> 0:27:26.280
<v Speaker 3>that could have been negative. Like American Idol. I love

0:27:26.359 --> 0:27:32.200
<v Speaker 3>that show because somebody from Middle America with nothing stands

0:27:32.200 --> 0:27:34.360
<v Speaker 3>on a stage and sings a song that we all

0:27:34.359 --> 0:27:36.960
<v Speaker 3>fall in love with that person. How do we create

0:27:37.040 --> 0:27:41.920
<v Speaker 3>something that somebody falls in love with, doing right by

0:27:41.960 --> 0:27:45.600
<v Speaker 3>the world, doing right by a community, doing right by

0:27:46.640 --> 0:27:50.040
<v Speaker 3>by everybody, and in turn helping other people, keeping employment,

0:27:50.520 --> 0:27:54.640
<v Speaker 3>keeping ratings, keeping you know, investors in like I want

0:27:54.640 --> 0:27:57.760
<v Speaker 3>to keep growing and teaching as well. Like I love

0:27:57.840 --> 0:28:00.320
<v Speaker 3>being on these boards because they also, you know, learn

0:28:00.400 --> 0:28:03.040
<v Speaker 3>from each other. So long term, I hope to join

0:28:03.640 --> 0:28:07.000
<v Speaker 3>more boards that can benefit invent and that we can

0:28:07.240 --> 0:28:11.240
<v Speaker 3>help as well be strategic partners. I'm really getting a

0:28:11.320 --> 0:28:14.000
<v Speaker 3>kick out of that. I think it's a it's a

0:28:14.040 --> 0:28:16.439
<v Speaker 3>good education. It's a lot of work, but it's a

0:28:16.440 --> 0:28:18.120
<v Speaker 3>good education as well on both sides.

0:28:18.280 --> 0:28:21.520
<v Speaker 2>Well. That is incredibly high standards. Sergio, thank you so

0:28:21.600 --> 0:28:27.920
<v Speaker 2>much for this conversation. Thank you, thanks for listening.

0:28:28.320 --> 0:28:31.280
<v Speaker 1>Be sure to leave us a review at Apple Podcasts

0:28:31.440 --> 0:28:32.520
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0:28:32.720 --> 0:28:34.400
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0:28:34.600 --> 0:28:37.239
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0:28:37.280 --> 0:28:41.440
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