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Speaker 1: This is the business of sports. Should Major League Baseball

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Speaker 1: shorten up the season? How do we present football to

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Speaker 1: the audience of the future. I don't think that most

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Speaker 1: players understand the power that they have. Michael bar The

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Speaker 1: future of IndyCar racing is looking bright. Scott Sashnik, very

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Speaker 1: basic math here, more bidders means more money. Evan Nobody Williams.

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Speaker 1: The team value has essentially quadruples. And the leaders in

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Speaker 1: the sports industry time to bring in our guest, al Stinbrunner,

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Speaker 1: National Hockey League Commissioner Gary Betman, Atlanta Braves president Derek Schiller,

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Speaker 1: Patriots President Jonathan Kraft. Bloomberg Business of Sports from Bloomberg Radio. Hello,

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Speaker 1: I'm Michael blarn I'm Evan Novie Williams, and I'm Scott Sloshnik.

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Speaker 1: Every week at this time, plus Mondays and Wednesdays, we

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Speaker 1: explore the big money issues in the world of sports.

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Speaker 1: Today we speak with Michael eis Near, the former CEO

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Speaker 1: of the Walt Disney Company. We talked about the English

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Speaker 1: Football League, streaming sports online, and his view of the sports.

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Speaker 1: I think the words sports is probably the wrong word

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Speaker 1: for it. It's a video game, but it's certainly, these

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Speaker 1: these these players, these quote unquote athletes or whatever they

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Speaker 1: are personalities, um are big, gigantic. Some of them make

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Speaker 1: a hundred tho dollars a day. Uh, streaming to the world. Um,

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Speaker 1: it's global. We'll have more of our interview with Michael

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Speaker 1: Eisner in a few minutes, but first let's get to

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Speaker 1: the top stories of the week, and let's start with

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Speaker 1: another from the Ball family, this time LaMelo Ball, the

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Speaker 1: seventeen year old. He says that he is going to

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Speaker 1: opt for the Australian League ahead of the NBA Draft. Yeah,

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Speaker 1: another player opting to go play basketball in Australia. Of course,

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Speaker 1: the difference here is LaMelo did not have college eligibility

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Speaker 1: because he had went and played in Europe because of

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Speaker 1: his father's grand plan to have the I don't know

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Speaker 1: what LaVar's Balls plan is. I don't care whatever, but

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Speaker 1: I will say from a development and maturation standpoint, there

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Speaker 1: are worse things LaMelo Ball than to go and play

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Speaker 1: against older, more experienced players, take a professional off court

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Speaker 1: regimen of food at bulk of weightlifting, of of of conditioning,

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Speaker 1: and prepare for the draft beast. In his mind or

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Speaker 1: in his plan, he wants to be the number one

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Speaker 1: pick in draft. This will certainly help him become a

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Speaker 1: better player. Yeah, this is the youngest ball the youngest

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Speaker 1: of the three ball ball kids. Alonzo obviously the earliest one,

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Speaker 1: the oldest one involved recently in this trade between the

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Speaker 1: Lakers and the Pelicans for Anthony Davis. UM. Big difference,

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Speaker 1: as you said, Scott, between LaMelo and r J. Hampton.

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Speaker 1: Who is the higher rated prospect in the same class.

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Speaker 1: Who about you know? Two weeks ago to three weeks

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Speaker 1: ago announced that he was going to play in the

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Speaker 1: National Basketball League down in Australia. UM. R J. Hampton

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Speaker 1: had the option of playing in college, as you said,

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Speaker 1: because he played in Lithuania, LaMelo probably was gonna lose

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Speaker 1: his his n ci A eligibility. Didn't even try to

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Speaker 1: push it. Um. We talked about this with r J.

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Speaker 1: Hamp and this this deal seem really good for the

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Speaker 1: teams that get these guys down in the program. So

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Speaker 1: the league and not the team will pay the salary.

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Speaker 1: And we thought it was about eight hundred thousand to

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Speaker 1: around there, right about a hundred thousand dollars. I think

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Speaker 1: the base salary is a hundred thousand, but for bigger

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Speaker 1: names like R. J. Hampton and probably Ball. Yeah that

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Speaker 1: that salary gets higher, um, and these teams also get

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Speaker 1: a buy These are two year deals both these guys

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Speaker 1: with with ANYBA opted if he's the first round pick,

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Speaker 1: and the team gets the buyout which is seven and

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Speaker 1: fifty thousand dollars, which seems like a great result, right.

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Speaker 1: You get you get a big name, some attention, a

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Speaker 1: talented young players. Only there's a bigger risk with this

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Speaker 1: one though. Comes with that. I'm curious how much media

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Speaker 1: attention these games get. When the Balls went to Lithuania,

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Speaker 1: some of those games streaming online. I think it was Facebook.

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Speaker 1: I'm not top positive on that, but some of those

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Speaker 1: games actually drew a decent amount of viewers. Obviously, the

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Speaker 1: time change between the US and Australia is a little

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Speaker 1: bit different than the US Europe. Um. But you know,

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Speaker 1: I'm curious if these two names, especially the Ball family,

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Speaker 1: who has all the family? So this is about attention

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Speaker 1: for the league? Ye, for the NBL and for the team.

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Speaker 1: I don't see a lot of risk the Ball in

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Speaker 1: the family. I love it boy the way Lamello played

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Speaker 1: go ahead, Help me idea what we're doing? Oh Man? Anyway,

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Speaker 1: odam my chair? No? I well I did, I didn't

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Speaker 1: do in the art he just looks at mid head.

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Speaker 1: It's oh my god, is this the honeymoon? Is my head?

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Speaker 1: Oh my god? My head hurt? Ok? Wait, no nov underscore, Williams,

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Speaker 1: You're an idiot. Let's talk about the NBA draft. That

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Speaker 1: really hurt. That one really hurt. Uh you know you

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Speaker 1: know what now on meathhead meathead to my left dead

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Speaker 1: from the neck up. You know, I am starting to

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Speaker 1: hate that underscore now, thank you. Draft. This this is

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Speaker 1: something that is getting flash here and flashy er. That's why.

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Speaker 1: And I wanted to talk about it in that. You know,

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Speaker 1: the NFL has become sort of this major media event,

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Speaker 1: created multi day thing out of its trip. The NBA

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Speaker 1: Draft has its own little cottage industry. Players really are

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Speaker 1: remember I remember some MOCKI Walker, remember the red suit.

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Speaker 1: And players really can leave a lasting impression. They get

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Speaker 1: a chance to throw off the style. And that's one

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Speaker 1: of the things. I don't remember who in the world

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Speaker 1: said it, but I always go back to Clyde Fraser

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Speaker 1: when they say players back then had style. Now a

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Speaker 1: lot of these guys, you know what they have? They

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Speaker 1: have stylists. It's not the same thing. It's not the

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Speaker 1: same thing. But there is this entire cottage industry that

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Speaker 1: has just been born out of the Draft because it's

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Speaker 1: such a high profile event, and it is, first and

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Speaker 1: foremost it's about fashion. Everybody wants to know what the

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Speaker 1: guys are going to show up wearing, and they compete

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Speaker 1: for attention. By the way, the worst thing you want

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Speaker 1: to do is put on a blue suit and walk

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Speaker 1: up on that stage and be like all right, off

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Speaker 1: he goes. You want to be on that list, right, best,

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Speaker 1: best dress, worst dress, doesn't matter, as long as you

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Speaker 1: get attention. Absolutely. Yeah. Now let's get into this week's

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Speaker 1: interview with Michael eions Near, the former CEO of the

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Speaker 1: balt Disney Company. Michael, thank you for joining us, Thank

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Speaker 1: you for inviting me. I want to start with your

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Speaker 1: involvement with Ports Smith, a soccer team in one of

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Speaker 1: the lower divisions in England. I hear every day by

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Speaker 1: the way that steaks of teams E P l on

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Speaker 1: down that so much is for sale and all the

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Speaker 1: American buyers are looking at it. They want to get

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Speaker 1: in on it. What would you tell an American sports

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Speaker 1: investor about buying a British soccer team, Well, I would

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Speaker 1: tell whether it's an American investor or any investor. Um,

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Speaker 1: do your homework. Um, it isn't as easy as it appears.

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Speaker 1: I don't think as many teams of your sale as

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Speaker 1: you just indicated. And whether it's an MLS team in

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Speaker 1: the US or whether it's non soccer slash football. Uh, caution, caution,

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Speaker 1: Like you would buy anything. By the way, it's never

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Speaker 1: how you sell an asset, it's how you buy an asset.

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Speaker 1: So if I was gonna tell anybody about buying anything,

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Speaker 1: I would say, keep your if you're a man, keep

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Speaker 1: your test sausing on and control, don't go crazy. But

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Speaker 1: where you had to sell yourself to that fan group, though,

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Speaker 1: can you just quickly describe what you did too? I

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Speaker 1: don't win over is the right word, but to sort

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Speaker 1: of sell yourself too, I think always skeptical fans when

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Speaker 1: an outsider is taken over a club. Well, I had looked,

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Speaker 1: you know, I had decided, I don't know how far

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Speaker 1: back you want to go here, but I had decided

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Speaker 1: that the one area in the media that was attractive

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Speaker 1: to me, being a content player in the media for

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Speaker 1: my whole career was sports because sports was the only

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Speaker 1: area left that was appointment viewing. Everything else you could

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Speaker 1: see on demand, whether it was Amazon or Netflix or whatever.

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Speaker 1: So it was sports. So we looked around the world.

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Speaker 1: We decided that the US sports were too expensive. The

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Speaker 1: glowing sport around the world, of the dominant foot around

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Speaker 1: the world was soccer. We decided on soccer. We decided

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Speaker 1: on England. After looking everywhere, we looked at Premier League teams?

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Speaker 1: What turned you off to Premier I like to not

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Speaker 1: I'd like to join something where you can't fall off

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Speaker 1: the floor. I relegation, Well I did not, No, not

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Speaker 1: just relegation. It's just like by coincidence. I joined ABC

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Speaker 1: when they were fourth among free. I joined Paramount when

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Speaker 1: they were eighth among seven. I joined Disney when it

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Speaker 1: was being dissolved. I liked building from the bottom, but

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Speaker 1: I didn't look at Premier League teams, which were very

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Speaker 1: expensive and you could you could spend that money and

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Speaker 1: then be, as you say, relegated, which would would take

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Speaker 1: your value in you know, quarters immediately. So one day

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Speaker 1: my son said to me, why don't you do what

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Speaker 1: you've done your whole career. Look for something that's say,

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Speaker 1: high quality, great brand, but in trouble. And we flew

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Speaker 1: around my sister, my kids, my wife, We flew around

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Speaker 1: England and we ended the Pointsmouth, which was a very

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Speaker 1: famous team founded in the eighteen nineties. UH. Major city,

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Speaker 1: island City, naval city, and they had been relegated four

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Speaker 1: times because they've had four owners, two of which we

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Speaker 1: are still in jail till which who knows, they all

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Speaker 1: went under. So we just showed up and in this city,

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Speaker 1: this island city, this working class city, was a enthusiasm

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Speaker 1: for every game that you only see in the US

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Speaker 1: for the NBA Finals. It's just a college basketball is unbelievable.

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Speaker 1: So we spent six months trying to convince uh the

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Speaker 1: board and eventually to get to your question, UH, because

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Speaker 1: early in the morning here and I'm ready to go

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Speaker 1: here your question about why uh we presented to the

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Speaker 1: three thousand fans because the board really didn't want to sell.

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Speaker 1: The fans really didn't want to sell. But they had

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Speaker 1: a stadium that was built in nineteen eleven, an Archibald

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Speaker 1: Leitch Stadium that was would and needed a lot of work.

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Speaker 1: They had enormous requirements and players and although they were

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Speaker 1: running in their break even they looked forward to some investment.

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Speaker 1: So we presented, and they were nervous about Americans, because

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Speaker 1: there were some Americans that had bought teams that had

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Speaker 1: really badly, not the teams, but the finances and the teams.

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Speaker 1: I guess they were nervous about Hollywood, you know, they

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Speaker 1: felt we had horns um and they were nervous about

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Speaker 1: somebody who was over a hundred and forty, which I am,

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Speaker 1: so don't worry, worry, I'm only like about a year

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Speaker 1: or two behind you. So so we made a presentation

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Speaker 1: like I would make at Disney, very uh you know,

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Speaker 1: slick and well written with video we had made like

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Speaker 1: we meeting between Paramount and Disney, twenty or thirty movies,

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Speaker 1: sports movies, all of which ended with the winning. So

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Speaker 1: we all we made clips and we made this great

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Speaker 1: sizzle reel two we are the Champions with I was winning,

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Speaker 1: you know, whether it was you know, the Mighty Ducks

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Speaker 1: or Bears or whatever it was. I love that the

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Speaker 1: Bend Whos Bears, the Mighty Ducks and Miracle and like

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Speaker 1: helped you buy this team exactly. And then we ended

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Speaker 1: the clip with the Portsmouth winning the f A Cup

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Speaker 1: and being in the Premier League, some clips of that,

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Speaker 1: and then we did a Q and A and I

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Speaker 1: had my sons who were in their thirties early forties,

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Speaker 1: UM answer the questions, and we had the boat and

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Speaker 1: this question coming from you know, another old man, and

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Speaker 1: I have to ask this when you were with ABC.

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Speaker 1: You were the CEO then of ABC, and still Wide

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Speaker 1: World of Sports was still with ABC, and which I

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Speaker 1: never missed ever since it debuted, uh in nineteen six

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Speaker 1: one or two and on down the line, never missed it.

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Speaker 1: And UH, at that time it was an umbrella of

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Speaker 1: many different sports that were put together. Well, now in

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Speaker 1: today's world, we have streaming obviously, you have ESPN and

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Speaker 1: many other sports networks around. And I was talking to

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Speaker 1: my my son and UH, he said, well, Dad, you'll

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Speaker 1: never have a Wide World of Sports today. It won't work.

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Speaker 1: But then I started thinking about it. Whide World of Sports.

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Speaker 1: You knew that everything was gonna be capsualized, you know,

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Speaker 1: you know in an hour and a half show, two hours.

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Speaker 1: You knew you could get several sports in there and

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Speaker 1: the sports fan could watch it. I'm just wondering if

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Speaker 1: something like that could ever come back to TV. I

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Speaker 1: don't know. I mean why world of sports went off

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Speaker 1: kind of when ESPN was developed, because ESPN was kind

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Speaker 1: of a full service wide twenty for our wide world

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Speaker 1: of sports. So that's what kind of ended ABC's wild

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Speaker 1: world of sports. Uh, there were only three networks and

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Speaker 1: four networks. There was a limited amount of sports to

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Speaker 1: ABC and A C double a football there was, there was,

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Speaker 1: there was some uh hockey was not working. Um. I

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Speaker 1: don't think today, uh that format is necessary because there's

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Speaker 1: so much sports everywhere. So I recaptured. I mean, if

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Speaker 1: you want to see the whole thing. I guess if

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Speaker 1: you get back to paink pong and curling, it could work,

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Speaker 1: but I think for major sports it wouldn't work. We're

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Speaker 1: speaking with Michael Eisner, former CEO of the Walt Disney Company,

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Speaker 1: and Michael, given your you know, your history with with

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Speaker 1: ABC and and Disney, um kind of surrounding ESPN. I

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Speaker 1: think a lot of people don't realize. You know, ESPN

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Speaker 1: struggled a lot financially in its early years. Was there

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Speaker 1: a moment that you kind of realized that, you know,

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Speaker 1: this thing is going to take off. Live rights sports

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Speaker 1: wise are kind of the future of media. Yeah, Actually,

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Speaker 1: when ABC a quality SDN. The ABC was mocked. Uh

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Speaker 1: sports department mocked mocked it because they had wide well

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Speaker 1: boys who was just discussed. The management got mocked. Um

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Speaker 1: ABC sold to Getty. Uh you know when when we

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Speaker 1: were looking at it to acquire Capital Cities ABC, uh

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Speaker 1: no longer was a silly service because it now was

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Speaker 1: had a lot of major sports. It had picked up

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Speaker 1: football for cable and every time I looked at it,

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Speaker 1: and I looked at ABC for acquisition from Disney for years,

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Speaker 1: the shining light economically was ESPN and it was growing

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Speaker 1: like crazy. And when we acquired ABC, Capital City's ABC,

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Speaker 1: the first thing we did was through a new money

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Speaker 1: night football, which was not easy because it lost money

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Speaker 1: for the network. But we acquired the full season of

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Speaker 1: um of NFL for ESPN and with that we were

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Speaker 1: able to uh increase our rates to the cable companies.

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Speaker 1: And I would say that one move of buying Capital

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Speaker 1: City's ABC and getting a full season of of NFL

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Speaker 1: on ESPN is what made our acquisition work. It was

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Speaker 1: the absolute winner in the entire acquisition. Where do you

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Speaker 1: see the value of life right bubble no bubble must

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Speaker 1: have or do you have to break it up by

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Speaker 1: sport like. Of course, people want the NFL and they're

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Speaker 1: willing to pay whatever it takes to keep it. It's

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Speaker 1: always been a bubble and it's always been a necessity,

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Speaker 1: and it's always growing. And I don't think it's any

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Speaker 1: less important. It's a matter of fact, I think it's

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Speaker 1: more important today than ever because live sports light up ESPN,

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Speaker 1: Live Sports light up ABC and CBS Live Sports light

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Speaker 1: up Sky Television in England. It is the live sports

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Speaker 1: that goes on these platforms that allows other other programming

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Speaker 1: to exist. Uh. You know, look at the NBC without

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Speaker 1: without football, NBC is not the dominant player now that

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Speaker 1: it that it's become. Um and Brooke Sting, well, they

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Speaker 1: learned that less when they when they said goodbye to

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Speaker 1: the NFL. They learned that lesson the hard way. They

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Speaker 1: certainly did. We'll see the s was the one to

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Speaker 1: learn that lesson first, and everybody has learned that lesson.

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Speaker 1: And um, you know, one of the reasons that we

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Speaker 1: went to Alan, and one of the reasons we bought

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Speaker 1: Portsmith Football Club soccer team is the enormous fees that

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Speaker 1: television pays the leagues. Sky Television is uh, very, very

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Speaker 1: successful and often because of their football association. And the

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Speaker 1: Premier League is broadcast around the world on NBC because

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Speaker 1: there's no competition on Saturday mornings, is doing unbelievably well.

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Speaker 1: The bundes League is Fox um, the the the international

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Speaker 1: sports is a whole new era of value for sports.

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Speaker 1: So uh, I tell you that other programming is going downwards,

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Speaker 1: some of it. Sports is not going downwards. Sports is

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Speaker 1: becoming more important uh as high price as being paid

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Speaker 1: for sports rights for for for athletes. It is not

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Speaker 1: going the other way. Michael, I always use the word

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Speaker 1: scale on this program. And you talked about broadcasting the

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Speaker 1: e p L that there is that that that inside

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Speaker 1: of the UK model. Then there's the how do we

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Speaker 1: sell internationally around the world and NBC certainly did that

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Speaker 1: here and and it's growing there with the ability to

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Speaker 1: stream and the ability for advertisers to direct reach customers

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Speaker 1: and too individualize commercials and ads. Where's the value proposition

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Speaker 1: between sports rights holder and the content providers? You know,

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Speaker 1: this is a little bit of a win win um obvious, Lee.

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Speaker 1: I'm hoping that sports ownership because I'm not going to

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Speaker 1: be able to buy you know, Sky or ESPN and

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Speaker 1: that kind of thing. So if you look at Pompey

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Speaker 1: poorts Smith, Um, I did I assume that you know,

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Speaker 1: I see you know ten games a year in England

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Speaker 1: as it is, I see every game it's streamed, streamed

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Speaker 1: other thing called I follow. They've made a deal with

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Speaker 1: Endeavor to to improve the delivery. Uh. It's on in

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Speaker 1: Los Angeles at seven in the morning on Saturdays and

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Speaker 1: in New York at ten it's the BBC announcers, so

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Speaker 1: it's excellent coverage. In the Championship League there their four

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Speaker 1: cameras or five, so it's like a real professional uh product.

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Speaker 1: In League one and lead to they're less not as good.

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Speaker 1: And those games that are that are on Sky in

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Speaker 1: England are streamed around the world on ESPN Plus. So

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Speaker 1: we get for Portsmouth maybe I don't know, five or

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Speaker 1: six games U and est N plus the rest and

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Speaker 1: I follow um the Championship which is one below the

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Speaker 1: Premier League, they get many more. Uh. We we are growing.

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Speaker 1: It's amazing. We have fan base all over the world. Uh.

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Speaker 1: Of course England and the South Coast is our main

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Speaker 1: focused right now. But the upside is tremendous. Speaking of upside,

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Speaker 1: then the basic adage, more bidders, more money, with the

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Speaker 1: fangs inserting themselves. And when do you think they will

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Speaker 1: be real bidders for real rights, And if so, who

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Speaker 1: do you place at the front of that line among

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Speaker 1: the technology companies. Well, when we of it this way,

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Speaker 1: I was I wouldn't say it was involved, but I

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Speaker 1: was a big investor and an early advocate for Netflix

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Speaker 1: and Reedayes. Things are ted. Serranis one of the guys

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Speaker 1: told me they would never do original programming. Then they

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Speaker 1: did original programming. Then they told me they would never

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Speaker 1: do animation, Then they did animation, and then then they

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Speaker 1: said they would never do sports. And now some of

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Speaker 1: them are doing sports, like like Amazon, I would expect

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Speaker 1: they will be coming in like uh, Jim Brown for

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Speaker 1: the Cleveland Browns, in They're going to be breaking through

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Speaker 1: the line there. I'm sorry, sorry that nobody's ever heard

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Speaker 1: of him by the Cleveland Browns, but hey, I'm a

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Speaker 1: searchers guy. I know him as a football player and

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Speaker 1: a lacrosse player. Oh, there you go. In any of it.

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Speaker 1: Sports lights up your platform. So with the financial wherewithal

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Speaker 1: of Apple, the aggressiveness of Amazon, the creativity of Um

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Speaker 1: of Netflix, the existence already of the ESPN and ESPN plus. Uh,

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Speaker 1: you're going to see a very difficult time ahead for

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Speaker 1: the US broadcasters. I wouldn't be surprised if all sports

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Speaker 1: of that level eventually leaves broadcast television. What a year

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Speaker 1: do you think that happens? Oh, I don't know. Two

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Speaker 1: thousand and twenty. No, not that soon. I'm kidding. The NFL,

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Speaker 1: I mean, the major broadcast right deals are UPO. I know.

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Speaker 1: I'm sure there'll be a streaming that they won't leave

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Speaker 1: all at once. They'll do you know, one service, one

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Speaker 1: and a half services somewhere by the way. I have

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Speaker 1: no information, I mean, nobody's told me this. I'm just

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Speaker 1: convinced of it. Why not? And it was this something

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Speaker 1: that was this in your head at all when you

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Speaker 1: were running Disney or what? Was the technology just so

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Speaker 1: kind of not not advanced enough to even think about

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Speaker 1: kind of this eventuality. Yes, we thought about it, but

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Speaker 1: we thought about it for entertainment. And we were always

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Speaker 1: told with the with with the bandwidth, the sports wouldn't

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Speaker 1: work with the existing technology because when you follow a

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Speaker 1: person running across the screen, it's much more difficult than bandwidth.

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Speaker 1: And if you're just just sitting in a room. Uh,

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Speaker 1: it was very rudimentary. Uh. You know, the technology is

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Speaker 1: advanced so quickly, so unbelievably quickly, that now you know,

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Speaker 1: parents are watching their kids literally games that are streamed.

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Speaker 1: Everything is streamed, and it's not like you have to

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Speaker 1: you know, hit your computer with your elbow to get

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Speaker 1: to get it to stop buffering. I mean, it's it's

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Speaker 1: it's it's it's only going to get more so, so

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Speaker 1: everything will be streamed. Lectures will be streamed, college graduation industry,

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Speaker 1: and they are now. Um, you know, I didn't even

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Speaker 1: realize I I've said I wouldn't say inappropriate, but I've

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Speaker 1: said things that probably were meant only for the room

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Speaker 1: in which I was making a speech, um, interviewing somebody

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Speaker 1: maybe at the institute. And the next day I'm getting

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Speaker 1: emails and things from all over the world. Why did

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Speaker 1: you say this that the speeches are are are being streamed?

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Speaker 1: So sports is it is again at the top of

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Speaker 1: the pyramid. You can't get a Champions League Liverpool game

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Speaker 1: or Barcelona game. You can't get that in filmed entertainment

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Speaker 1: except you know, once twice a year when you have

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Speaker 1: a genius writer, you get that in sports every day.

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Speaker 1: One other part of this industry that I assumed was

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Speaker 1: not huge on your radar back when you were running Disney,

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Speaker 1: but the sports I know you took in a Fortnite

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Speaker 1: tournament last weekend. What are your thoughts on on that

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Speaker 1: and that burgeoning part of the of the sports business

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Speaker 1: world and and it's potential ability to kind of infringe

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Speaker 1: on the popularity of traditional sports. Well you just made

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Speaker 1: my point, which is scary beyond belief that I went

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Speaker 1: to the Fortnite at the Forum and my son took

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Speaker 1: a picture and I tweeted it. So there you go.

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Speaker 1: That's proof of there's no the streaming or social networking

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Speaker 1: is forever. So what was your question? Just just kind

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Speaker 1: of yeah, yeah, what you see as kind of the

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Speaker 1: future in terms of sports versus traditions. Uh, well, it

405
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Speaker 1: was an experience, let me put it that way. Uh,

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Speaker 1: the forum I've been to I hadn't been to since

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Speaker 1: the Laker or a ging hockey game. So that was interesting.

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Speaker 1: And here are what I don't know, fifteen thousand people

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Speaker 1: screaming their heads off. It's something I didn't even understand. Uh,

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Speaker 1: you know, a hundred television screens that if you had

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Speaker 1: vision and you maybe you could see three of them,

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Speaker 1: and uh, you know, each game went for twenty minutes,

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Speaker 1: and they had things, but they had likely have NFL

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Speaker 1: experience before it. And I think it was on Twitch

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Speaker 1: and I think three million people were watching it on Twitch,

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Speaker 1: which is more than most sporting events. UM. I think

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Speaker 1: the word sports is probably the wrong word for it.

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Speaker 1: It's a video game, but it's certainly these these these players,

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Speaker 1: these quote unquote athletes or whatever they are personalities, um,

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Speaker 1: are big, gigantic. Some of them make a hundred thousand

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Speaker 1: dollars a day, Uh, streaming to the world. Um, it's global. Um,

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Speaker 1: it's it's, it's it's it's it's which will be here.

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Speaker 1: The best thing all of all is most of the

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Speaker 1: players look like that kid in the class that was

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Speaker 1: not going to be in the football team that was me.

426
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Speaker 1: So that was that was impressive. These these really smart,

427
00:28:20,680 --> 00:28:29,000
Speaker 1: mathematically oriented kids are giant stars. Former CEO of the

428
00:28:29,080 --> 00:28:33,000
Speaker 1: Walt Disney Company, Michael Eisner. We have to wrap this up,

429
00:28:33,119 --> 00:28:36,800
Speaker 1: but I have to call this quick thirty seconds of

430
00:28:37,480 --> 00:28:40,440
Speaker 1: advice for young people. And you know this because you

431
00:28:40,520 --> 00:28:43,600
Speaker 1: mentioned about cap cities and I was there when ABC

432
00:28:43,800 --> 00:28:46,720
Speaker 1: was cap Cities and one of the dumbest things I've

433
00:28:46,840 --> 00:28:50,720
Speaker 1: ever done in my life. And just for people out there,

434
00:28:50,800 --> 00:28:52,760
Speaker 1: cap Cities had a plan where they had a fifty

435
00:28:52,800 --> 00:28:56,760
Speaker 1: two weeks uh stock plan where employees can get in.

436
00:28:57,200 --> 00:28:59,600
Speaker 1: There was the low and there was the high for

437
00:29:00,000 --> 00:29:04,680
Speaker 1: it was fifty two weeks and you don't you bought

438
00:29:04,720 --> 00:29:07,240
Speaker 1: it at the low, which everyone was the low. And

439
00:29:07,480 --> 00:29:10,880
Speaker 1: people were telling me, young man, take out a loan

440
00:29:11,160 --> 00:29:14,520
Speaker 1: and and get this stock because you can't lose on this.

441
00:29:15,120 --> 00:29:17,680
Speaker 1: And I'm like, nah, don't worry about it. Well, you

442
00:29:17,760 --> 00:29:21,080
Speaker 1: know I'd be retired today because then after that then

443
00:29:21,480 --> 00:29:23,840
Speaker 1: the stock split ten for one and I think three

444
00:29:23,960 --> 00:29:27,720
Speaker 1: for one after that. Um So my advice, if you

445
00:29:27,760 --> 00:29:30,080
Speaker 1: could back me up on this is listen to the

446
00:29:30,160 --> 00:29:33,600
Speaker 1: elders that I did not listen to when you come

447
00:29:33,640 --> 00:29:39,479
Speaker 1: into a company. Well, I would say, you're completely wrong, terrible.

448
00:29:39,920 --> 00:29:43,680
Speaker 1: That was terrible advice. It may have worked out. Do

449
00:29:43,920 --> 00:29:47,800
Speaker 1: not bul money to buy stock, no matter what anybody

450
00:29:47,880 --> 00:29:50,400
Speaker 1: tells you. That's they were telling me this, that I

451
00:29:50,440 --> 00:29:54,200
Speaker 1: didn't do it, They're wrong, They're wrong. You know. It's

452
00:29:54,240 --> 00:29:56,000
Speaker 1: like the clock is right twice a day. That is

453
00:29:56,120 --> 00:29:59,840
Speaker 1: not a good strategy. Whomever you're trying to tell me too,

454
00:30:00,000 --> 00:30:07,200
Speaker 1: a little arts education and not worry about that. We're right,

455
00:30:08,240 --> 00:30:10,040
Speaker 1: commun Let's you go on this one because we were

456
00:30:10,080 --> 00:30:12,640
Speaker 1: talking about you're talking about the migration maybe off of

457
00:30:13,040 --> 00:30:16,960
Speaker 1: broadcast television. Which league? Which US Pro Sports league will

458
00:30:16,960 --> 00:30:21,000
Speaker 1: be the first to go all cable to go on?

459
00:30:21,360 --> 00:30:24,400
Speaker 1: Which the US league? Oh, I don't know, I don't know.

460
00:30:25,480 --> 00:30:29,600
Speaker 1: I think that they'll they'll move kind of slowly, one

461
00:30:29,680 --> 00:30:32,040
Speaker 1: at a time, when one package at a time, all

462
00:30:32,120 --> 00:30:37,000
Speaker 1: of them, Um, you know, I think it's I think

463
00:30:37,000 --> 00:30:40,040
Speaker 1: it's gonna happen. I think I think the broadcasters are

464
00:30:40,120 --> 00:30:43,520
Speaker 1: in a little better shape because they have a local

465
00:30:43,600 --> 00:30:47,840
Speaker 1: constituency and they are a government ordered must carry, which

466
00:30:47,880 --> 00:30:51,320
Speaker 1: means they have to be on any system. Cable is

467
00:30:51,320 --> 00:30:55,440
Speaker 1: a little tougher. I think I think I'm I'd be

468
00:30:55,440 --> 00:31:00,200
Speaker 1: a little more nervous about cable and obviously street mean

469
00:31:01,120 --> 00:31:03,760
Speaker 1: is the future. Michael Eisler, thanks so much for taking

470
00:31:03,800 --> 00:31:06,800
Speaker 1: a few minutes and for backing up Michael Barr. Thank you, sir.

471
00:31:06,920 --> 00:31:11,760
Speaker 1: I appreciate it. See I love it that I could

472
00:31:11,920 --> 00:31:15,600
Speaker 1: discuss something with Michael Eisner about the good old days

473
00:31:15,760 --> 00:31:19,240
Speaker 1: and Wide World of Sports, And yes, I get it

474
00:31:19,360 --> 00:31:22,160
Speaker 1: it won't work today, but I still think it could

475
00:31:22,200 --> 00:31:25,120
Speaker 1: because if you capsualize everything in an hour and a

476
00:31:25,200 --> 00:31:27,440
Speaker 1: half and you know this is what you're gonna watch,

477
00:31:27,840 --> 00:31:29,720
Speaker 1: and you get a little bit more flavor of what

478
00:31:29,880 --> 00:31:31,280
Speaker 1: the sport is going to be, I think it could

479
00:31:31,320 --> 00:31:33,320
Speaker 1: still work with the captains. Who are the best captains

480
00:31:33,320 --> 00:31:35,440
Speaker 1: on Wide World of Sports? Wasn't Henry Winkler pretty good?

481
00:31:35,440 --> 00:31:38,440
Speaker 1: Who were the captains? Remember on Wide World? What are

482
00:31:38,440 --> 00:31:42,200
Speaker 1: you talking? Wide World of Sports? Yeah, Jim McKay, I

483
00:31:42,280 --> 00:31:45,400
Speaker 1: know Jim McKay. But Winkler used to have some celebrities

484
00:31:45,400 --> 00:31:47,320
Speaker 1: on there every now and then do some Battle of

485
00:31:47,400 --> 00:31:51,000
Speaker 1: Network Stars type stuff. Is totally different that was which

486
00:31:51,280 --> 00:31:53,440
Speaker 1: Oh yeah, I do remember that one that show could

487
00:31:53,560 --> 00:31:57,000
Speaker 1: that would succeeded. I would watch that now, that would

488
00:31:57,040 --> 00:31:59,800
Speaker 1: watch that now they used to have one man it

489
00:31:59,800 --> 00:32:02,520
Speaker 1: would where they used to have the obstacle course, Yeah,

490
00:32:02,560 --> 00:32:05,040
Speaker 1: I used to that. Yeah, the agony of defeat for

491
00:32:05,160 --> 00:32:08,400
Speaker 1: your Wide World of Sports? For me, I just love

492
00:32:08,520 --> 00:32:10,760
Speaker 1: Eisner saying I go to ten games, You ont sports Smith.

493
00:32:11,040 --> 00:32:13,080
Speaker 1: I go to ten games, but I stream the rest

494
00:32:13,160 --> 00:32:14,480
Speaker 1: and I watched and it's not as good as the

495
00:32:14,560 --> 00:32:19,720
Speaker 1: ep L. But he says, let's look down the line,

496
00:32:20,400 --> 00:32:24,160
Speaker 1: no more sports on broadcast TV, bar all going to

497
00:32:24,400 --> 00:32:28,479
Speaker 1: the text companies, all going elsewhere. I don't know if

498
00:32:28,520 --> 00:32:30,920
Speaker 1: he's right or wrong, but I like to take that's

499
00:32:30,920 --> 00:32:32,600
Speaker 1: a hot take right there. Yeah, that's certainly the thing

500
00:32:32,680 --> 00:32:34,360
Speaker 1: that sticks out to me. This is a guy who

501
00:32:34,440 --> 00:32:38,120
Speaker 1: had a front row seat and a hand in you know,

502
00:32:38,520 --> 00:32:43,520
Speaker 1: TV becoming the dominant force both financially and probably socially

503
00:32:43,560 --> 00:32:46,160
Speaker 1: and an impact wise for for sports across the world.

504
00:32:47,200 --> 00:32:49,440
Speaker 1: He said, mocked when he got ESPN exactly and then

505
00:32:49,480 --> 00:32:52,160
Speaker 1: and then he saw it become the most important asset,

506
00:32:52,440 --> 00:32:55,560
Speaker 1: uh in the entire company when Disney got involved. Um,

507
00:32:55,800 --> 00:32:58,720
Speaker 1: but you know, if he is out there saying, listen,

508
00:32:58,800 --> 00:33:00,440
Speaker 1: I think it's gonna as you said, I think I

509
00:33:00,480 --> 00:33:02,400
Speaker 1: think it's gonna end at some point. You know that

510
00:33:02,520 --> 00:33:06,160
Speaker 1: you won't see exclusive deals on TV anymore. That's a

511
00:33:06,200 --> 00:33:09,080
Speaker 1: big deal. That's that's even further than I think a

512
00:33:09,120 --> 00:33:11,479
Speaker 1: lot of people who are big on you know, who

513
00:33:11,520 --> 00:33:15,200
Speaker 1: are very bullish on streaming and digital. That's further than that.

514
00:33:15,280 --> 00:33:17,200
Speaker 1: A lot of them are even willing to go. So

515
00:33:17,320 --> 00:33:21,080
Speaker 1: certainly an eye opener there from Michael Eiserne, because that's

516
00:33:21,280 --> 00:33:23,400
Speaker 1: not in dream. It feels better to be a number

517
00:33:23,440 --> 00:33:25,479
Speaker 1: one than number five were a number. Because of Mike,

518
00:33:25,600 --> 00:33:27,120
Speaker 1: we have a chance to go for three in a row.

519
00:33:27,200 --> 00:33:29,120
Speaker 1: Good numbers are a good time. When I'd first started

520
00:33:29,120 --> 00:33:32,480
Speaker 1: wearing the number, I would just happy and bloomberg. Business

521
00:33:32,560 --> 00:33:35,280
Speaker 1: of sports, the number of the week. Time Now for

522
00:33:35,560 --> 00:33:39,160
Speaker 1: the number of the week, I'm gonna interchange two numbers,

523
00:33:39,920 --> 00:33:42,440
Speaker 1: and but they connect together? How does he not make

524
00:33:42,560 --> 00:33:50,280
Speaker 1: this simple? Make it simple? Did you miss me when

525
00:33:50,360 --> 00:33:53,200
Speaker 1: I yes, you know I'm not gonna give you like

526
00:33:53,360 --> 00:33:57,960
Speaker 1: you know to the number of takes for everything you

527
00:33:58,080 --> 00:34:07,840
Speaker 1: do this three or three hundred or you know it's

528
00:34:07,880 --> 00:34:13,840
Speaker 1: not your highest bowling score. Bowling slap in the studio

529
00:34:17,880 --> 00:34:20,560
Speaker 1: for listeners who were new to the podcast. Bar it

530
00:34:20,800 --> 00:34:22,880
Speaker 1: was a very good bowler back in the day. And

531
00:34:23,000 --> 00:34:25,880
Speaker 1: he he had one time where he went all the

532
00:34:25,960 --> 00:34:28,680
Speaker 1: way through, he was down to the last frame and

533
00:34:28,760 --> 00:34:30,880
Speaker 1: he needed a strike for the perfect game, and he

534
00:34:30,960 --> 00:34:33,600
Speaker 1: got a nine and it was the ninth bin and

535
00:34:33,680 --> 00:34:35,600
Speaker 1: it was the ninth I threw it. I threw it

536
00:34:35,880 --> 00:34:40,080
Speaker 1: too well, and tells me something about your bar. I

537
00:34:40,120 --> 00:34:45,520
Speaker 1: couldn't control it anyway. I have no idea three race

538
00:34:45,600 --> 00:34:49,040
Speaker 1: car what I don't. Actually, this is kind of seriously,

539
00:34:49,040 --> 00:34:52,960
Speaker 1: it's kind of bad. Broadcaster Ban Media group. They are

540
00:34:53,000 --> 00:34:56,880
Speaker 1: cutting about the fifth of their staff at its Gutari

541
00:34:57,000 --> 00:35:02,880
Speaker 1: base because the pay TV income has been hit by

542
00:35:03,000 --> 00:35:06,440
Speaker 1: rampant piracy. Yes it has. That's a that's a big

543
00:35:06,520 --> 00:35:10,480
Speaker 1: story for being that people in different territories I've been

544
00:35:10,680 --> 00:35:15,600
Speaker 1: taking their their stuff. Um. Yeah, I'm not happy about

545
00:35:15,640 --> 00:35:18,719
Speaker 1: people losing their jobs ever, but not something that i'd

546
00:35:18,760 --> 00:35:21,759
Speaker 1: come across. Yeah, being made a huge splash over the

547
00:35:21,800 --> 00:35:24,480
Speaker 1: past couple of years, spending a lot of money, you know,

548
00:35:24,640 --> 00:35:30,000
Speaker 1: out bidding maybe more established uh networks for right, especially

549
00:35:30,080 --> 00:35:32,840
Speaker 1: in soccer. UM. And I think their goal was was

550
00:35:32,880 --> 00:35:34,960
Speaker 1: to get to the point where you know, fans of

551
00:35:35,680 --> 00:35:37,880
Speaker 1: of soccer felt the need to pay for their service,

552
00:35:37,920 --> 00:35:40,560
Speaker 1: specifically because of all the rights that they had. Um.

553
00:35:40,760 --> 00:35:42,360
Speaker 1: But you're right, they had a big they've had a

554
00:35:42,440 --> 00:35:44,800
Speaker 1: big piracy issues in the past couple uh and I

555
00:35:44,840 --> 00:35:46,800
Speaker 1: guess in the past year or so, dating back to

556
00:35:46,840 --> 00:35:50,440
Speaker 1: the World Cup uh last year. UM And Yet sad

557
00:35:50,480 --> 00:35:53,080
Speaker 1: to see that they're they're cutting staff. By the way,

558
00:35:54,840 --> 00:35:59,800
Speaker 1: around three hundred employees of the workforce. Those were the

559
00:36:00,320 --> 00:36:04,600
Speaker 1: come in so we wish him well and uh stop piracy.

560
00:36:04,680 --> 00:36:07,080
Speaker 1: Soon will be an opening for sports podcast at Bloomberg.

561
00:36:07,280 --> 00:36:13,640
Speaker 1: Thank you, Ah. Next week's numbers three and the quarter.

562
00:36:15,360 --> 00:36:18,640
Speaker 1: Next week's number is to one person. God let go

563
00:36:18,920 --> 00:36:22,600
Speaker 1: from here. You've been listening to Bloomberg Business of Sports.

564
00:36:22,800 --> 00:36:25,080
Speaker 1: We're here each and every week for you. At the

565
00:36:25,200 --> 00:36:28,120
Speaker 1: same time, Bless online as an Apple podcast. You can

566
00:36:28,160 --> 00:36:31,640
Speaker 1: catch that Monday's, Wednesdays and Thursdays. Not Michael Bar on

567
00:36:31,719 --> 00:36:34,319
Speaker 1: Twitter at Big Bar Sports, I'm Evan Novie Williams at

568
00:36:34,480 --> 00:36:37,680
Speaker 1: nov Underscore Williams, and I'm Scott Sashnik. You can follow

569
00:36:37,760 --> 00:36:40,279
Speaker 1: me on Twitter at sash Nick. Thank you very much

570
00:36:40,320 --> 00:36:42,319
Speaker 1: for joining us, and please tune in next week when

571
00:36:42,360 --> 00:36:44,360
Speaker 1: we speak with Mr Novie Williams. Do we have we

572
00:36:44,480 --> 00:36:47,680
Speaker 1: have World Cup special Christine lily Like twenty three years

573
00:36:47,719 --> 00:36:50,560
Speaker 1: with the women's national team, three hundred and fifty two games,

574
00:36:50,960 --> 00:36:53,359
Speaker 1: hundred and thirty goals. She'll be walking us through all

575
00:36:53,440 --> 00:36:55,520
Speaker 1: the everything that's going on in France and how the

576
00:36:55,640 --> 00:36:57,400
Speaker 1: U S team is shaping up in the elimination. I

577
00:36:57,400 --> 00:36:59,880
Speaker 1: want to talk about pay equality. That's to be fun. Absolutely,

578
00:37:00,640 --> 00:37:04,360
Speaker 1: She's long over there. Are you listening to Bloomberg Business,

579
00:37:04,360 --> 00:37:06,839
Speaker 1: sports from Bloomberg Radio around the world,