Episode Transcript
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Speaker 1 (00:00):
The FED had a meeting today and trying to figure
out interest prices and things of that nature, and also
about a pretty important and substantial merger in the entertainment industry.
Joining us to talk about those things is our national correspondent,
Rory O'Neill. How are you doing today?
Speaker 2 (00:16):
Rory doing well? Emory?
Speaker 1 (00:17):
How are you? I'm great, I'm great. The first thing
that I want to talk to you about is a deal.
I'm not a business expert, but the Netflix acquisition with
Warner Brothers Discovery, which, if anybody's paying close attention, this
is like, this could be a pretty major shakeup in
cinema in the United States. What is that deal or
(00:41):
what was that deal looking like? And why are people
saying that may not be officially a done deal yet.
Speaker 2 (00:48):
Okay, here's how it began. Paramount Beata bid to buy
Warner Brothers Discovery a couple of weeks ago, but then
Netflix came in Beta is the deal of their own
that does not include all the cable channels of Discovery.
But they agreed to that deal on Friday, like eighty
two billion dollars for the deal, So big announcement. Netflix
(01:08):
to buy Warner Brothers Discovery. Well Monday, Paramount came back
and said, wait a minute, now, our offer is actually
juicier for shareholders, paying them thirty bucks a share cash,
and they want they want to win this and include
those linear cable channels as part of their deal, and
so they're competing offers. We got word from Netflix this
(01:29):
morning saying, yeah, whatever, we were expecting them to try
to counter but we still think Friday's deal is rock solid.
The board over at WBD, they're still standing by the
Netflix deal as well, but Paramount is trying to launch
this hostile takeover and let's see what happens in the
next I think it's twenty days.
Speaker 1 (01:48):
Okay, So this I think the hard part for people,
And you know, I kind of am I'm very interested
in entertainment, so obviously I'm trying to figure out what
the ripple effect of this would be. Let's say Netflix
does close this deal for real and this happens. There
are a lot of big time movie experts that say
(02:11):
this is not good for the movie industry or the
movie theater industry. Can you kind of explain what that
impact would be and why this is such an important deal?
Speaker 2 (02:23):
Sure? I mean, look, Netflix is the eight hundred pound
gorilla in the room if you now give them Warner Brothers,
which includes HBO Max that whole line. They're in the
business of making streaming movies. They're not in the business
of making theatrical releases. So the concern is they're just
going to make stuff that's more like Game of Thrones
and have long series, real ten part series or something,
(02:46):
rather than make something that goes to movie theaters like
Warner Brothers used to with a new Harry Potter movie
or something, so instead of so now that production essentially
would go away under this merger. That's the That's what
Paramount says about the Netflix takeover of Warner Brothers, that
this will be bad for the movie business overall. Meanwhile,
(03:08):
Paramount says, hey, if we got to merge with Warner Brothers,
you've got the number three and number five streaming companies
we work together. Now we're a good size number two,
sort of on par with where Disney is right now.
They say that actually helps competition, that Paramount was already
planning to release more in theater movies. They get that
(03:29):
number up to about fifteen a year and climbing, so
they say they'd be good for the movie film industry.
Speaker 1 (03:37):
Rory O'Neal with us here. Movies took a huge shit
obviously in COVID nineteen and are trying to come back.
I think the Wicked two movies have done some good
to bring people back into the movie theaters. But I
think we're kind of just in this very strange place
where it comes to streaming. And I was, as a
(03:59):
big sport pretty frustrated with the YouTube TV Disney fallout
that occurred for basically two and a half weeks where
in the middle of football season, ESPN and all the
Disney channels were not available for you know, just because
both sides were trying to negotiate a better option, better
deal for themselves. What would be the best from your
(04:22):
opinion for the consumer. Is this something that you think, Yeah,
the movie theater industry is one thing, but for the
people who are trying to have at home entertainment, this
is actually better if Paramount gets it versus Netflix or
do you think that's a negligible difference.
Speaker 2 (04:38):
Boy, it's so frustrating though, right, I mean, if I
say let's keep it or you know, because we're talking
about merging streaming services and giving us fewer options, right.
I mean, now Netflix and HBO Max are one company,
sort of like Disney and Hulu. That's one thing now.
But at the same time, I don't need to be
subscribing to eight different streaming services, right, so you know,
(05:01):
I don't. So competition is supposed to be good, but
they don't really compete, and then we all end up
having to buy multiple services here in order to see
the stuff that we want. Look, personally, I put myself
on a streaming diet. I just say I only have
one streaming channel at a time. I don't, you know,
I watch what's what's on paramount, all right, I've seen
all this new stuff they have. Let me switch over
(05:23):
to Netflix for a while and see all the stuff
I've missed in the past six months. Okay, now I'm
gonna move over to HBO Max and find some stuff there.
But now apparently all these companies are just going to
merge together anyway, and I'm only going to have one
to choose from.
Speaker 1 (05:38):
Yeah, it's kind of an interesting I like YouTube TV
for that because I can DVR a lot of things
that otherwise would just be on streaming services. But then
you're just kind of being yanked around if there's any
sort of snafoo between a couple of these companies and
you're still paying the same price, which I don't much appreciate.
Speaker 2 (05:57):
And then, as the news guy, let me just say,
I'm also concerned that if the Paramount WB takeover happens,
that means that CBS News and CNN will be under
one roof, which someone's going to say, do we really
need two newsrooms, you know? And then those cuts start
happening in newsrooms, which I would object.
Speaker 1 (06:18):
Yeah, no doubt. And who's to say what that would
even look like. And this is another thing people talking
about the growing possible monopolies, is that something that could
be challenged by other competitors, saying that Netflix is trying
to attempt, you know, this hostile takeover almost and try
to create a monopoly in the streaming industry.
Speaker 2 (06:40):
Well, right, and that's your other concern, because now let's
lift up the curtain here. One of the things about
the Paramount deal is that the financing is being helped
or in part coordinated with the help of Jared Kushner,
President Trump's son in law, and his Saudi and Katari
backers from the Middle East are also in on this
(07:02):
paramount deal. So now does the White House say, well,
we're concerned that Netflix would be, as you said, a monopoly,
so we're gonna lean to the paramount deal. Like, well, wait,
is that fair either? Yeah, it's difficult to navigate because
there are clearly I think buses and minuses to both deal.
Speaker 1 (07:22):
Yeah, and there would be some level of conflict of
interest on that. Really fascinating stuff. Just real quick, Roy,
before I get you out of here. I know the
Federal Reserve Board meeting today and trying to figure out
what we can do, and we're hearing the word affordability crisis.
That term has been thrown around by basically anybody running
(07:44):
for office either this year, next year in between. What
can we expect coming from this meeting? Today?
Speaker 2 (07:52):
They are starting a two day meeting on interest rate,
so after the end of tomorrow's meeting, so it starts
today and tomorrow, they're likely to announce another cut in
interest rates, probably a quarter point. Some of the Trump
supporters on the board may be more aggressive, like come on,
let's do a half point cut. Others are concerned that
that might bring back a spike in inflation. And remember,
(08:13):
the Fed has to do two things. They've got what
they call a dual mandate. You have to keep inflation
at two percent as your target, and you have to
maximize employment. And right now we're seeing some weakness in
that jobs picture, which is why they might try to
massage things a little bit with a quarter point cut.
That immediately means what your credit card rates and if
a car loan would come down a bit, and likely
(08:36):
would ultimately see a dropping of a mortgage rate if
you're out there hopefully looking for real estate.
Speaker 1 (08:42):
Yeah, and considering I've bought a house and I've been
waiting for that to refinance because the interest rates were
just absolutely obscene when I bought the house, I would
certainly welcome that conversation.
Speaker 2 (08:54):
Just reminded me how young you are, Emriel. I grew
up in the eighties. I'll talk about I've seen the
interest rates with you.
Speaker 1 (08:59):
Yeah, y hey, fair enough. Fair enough to each their own.
Roy O'Dell, our national correspondent. As always, Roy really do
appreciate it. Thanks so much for being on the show today.
Speaker 2 (09:09):
Thanks Emery.
Speaker 1 (09:11):
Yeah, there you go. Entertainment mergers, the FED bringing interest
rates down, and what the possibility of that over time
looks like. We'll keep an eye on it. Warner Brothers
Netflix merger. I think there are a couple of important
things on this, And if you're not a TV watcher,
this isn't gonna apply to you. If you're not a
movie watchers, so I'm gonna apply to you. But for
(09:31):
the ninety eight percent of you that do watch movies
and television, this is for you. I am a YouTube
TV guy. I like YouTube TV, and as I alluded
to their YouTube TV having that snafu with Disney in
the ESPN and ABC, and you know, in the middle
of a football season, it was trying for me. It's like,
you know what, I'm gonna let them resolve this. I
(09:54):
do not care. I'm gonna wait this out. I'm gonna
see how things go, and if they can't figure out
why the end of the football season, then I will
figure out what I want to do. Because I have
YouTube TV mostly for the live sports. I have ABC, CBS, Fox, NBC.
I also have ESPN, ESPN two, ESPNU, ESPN News. I
(10:16):
have f S one, f S two. I have the
Golf Channel. I have CBS Sports Network, I have b
In Sports. I have Fox Soccer Plus. I have a
ton of sports channels. Now I pay like ten extra
dollars a month to get all those. I have the
Red Zone channel of NFL Network, I have the NBA TV.
I have all that stuff. It's great and I'll watch
any variety of things on those channels. I also have
(10:40):
awesome movie movie channels like TCM turn Classic Movies and
some other uh you know, like a MC, some channels
T and T tbs that are gonna have movies on
and I'll take a look, you know, if I'm looking
for a movie, I have access to a bunch of
them through the app, just through YouTube TV. Or if
a movie I really like is about to come on
(11:02):
or is already on and I just I don't want
to watch it right now, I'll just DVR it and
either I'll be able to jump in right where I
started the recording, or if it plays again, which invariably
a lot of times on some of those networks, they'll
TCM is different. They won't. They'd hardly ever replay a movie.
But like T and T, a league of their own
(11:24):
might be on, and then at three am, when they're
trying to play something else, they'll be another showing of
a league of their own. It'll just re record and
record the whole thing so I can go back and
I can rewatch, and that I can fast forward through
the commercials. That's how I like to do things. My
wife likes to have Netflix. My wife likes to have Prime.
We've had Hulu before to watch certain shows. We've had
(11:46):
Paramount Plus before in Peacock before. There's a lot of
different streaming services. You kind of have to pick and
choose if you want to not break the bank. And
I just don't know. I think it's good maybe for
the consumer of streaming if a Netflix acquires Warner Brothers Discovery,
(12:09):
because you're gonna get the HBO Max, you're gonna get
a bunch of that catalog, all the different Warner Brothers
stuff that could be available. And Warner Brother's Discovery has
just been negligent, honestly with the way that they promote
their own stuff. They're just in a bad place. It's
gonna be good to have somebody who's really active in
the industry, and Paramount wants to acquire them because of
that catalog, and they want to have the ability to
(12:33):
challenge the biggest and the best, the Disney specifically, so
I don't know that it's gonna be good for movie
watchers if Netflix acquires Warner Brothers Discovery and is able
to incorporate a lot of that movie making in that
movie budget and then just throws it on their streaming
(12:53):
service instead of theatrical releases. I like going to the
movie theater. I got a movie theater probably four or
five times a yearly, and I watch movies I'm interested in.
I don't just go randomly, but there's usually a movie
that I want to go see. I love getting my
big popcorn bucket. I like having my soda. I like
having my Mike and ikes and just sitting there and
watching the movie. And I don't know, there's just something
(13:18):
about that that I hope doesn't go away. We didn't
have it during COVID, and I get that. You know,
people may not be super into a lot of the movies.
There's there's some good movies that are coming out. We
just you get depending on what you watch, depending on
anything that you got going on. I mean, there's just
(13:40):
you gotta be thinking to yourself about what is or
isn't important to you and what you would be entertained by.
But there's actually a lot of stuff that you don't
see get promoted on television or on social media. That
probably is a bit more up your alley. I don't know,
that's just me. Is what's your philosophy on the and
(14:00):
how you manage your money?
Speaker 2 (14:02):
Right?
Speaker 3 (14:02):
I absolutely love going to the movies as well. There's
something about watching a movie in theaters. It automatically makes
it just a little bit better than what it would be,
especially like Oppenheimer, that there are movies that are designed
to be seen in theaters or even imax, right, Like
seeing Oppenheimer and an imax was an experience you're not
going to get watching it at home. When I've talked
about the Avatar movies too, that's my perfect example, tremendous
(14:26):
in theater.
Speaker 1 (14:27):
That is, Avatar movies are a perfect example of theater
watching because that I mean the colors and the.
Speaker 3 (14:35):
Noise, the loud noise where otherwise in your house it's
too loud, it doesn't sound good coming out of the
back of the TV. You get in theaters and you
feel the vibrations in your chest. Yeah, I just love
the Avatars great. And we got a new one of
those coming out, Yes, And I am wishy washy because
a lot of Hollywood right now is sequels of movies.
Speaker 1 (14:53):
Yeah, but I mean we just last hour, we just
waxed poetic about how great the Marvel movies were. They
released twenty three movies of basically the same story with
essentially the same group of characters. You're right, twenty three
movies in like eleven years. You're right, absolutely, which is crazy.
But the movie theaters are special, and I don't go
(15:15):
as much as I wish I would go. To be honest,
there are not a lot of just completely original ideas
in movies anymore. I was listening to there's a great
podcast called The Rewatchables. Bill Simmons and the Ringer do
this and they break down a bunch of different movies.
I've been doing it for several years now, so there's
a huge catalog of the movies that they've done and
they break They spend like an hour and a half,
(15:35):
two hours breaking down different movies, and it's actually, if
you're kind of a geek about this stuff, it's really
fun to listen to. But they talk about just so
much of movies come from a book, or they come
from a comic book, or they come from an element
of already existing media in some way, or it's based
(15:56):
on the life of somebody. Very rarely is there a
really awesome movie that is a completely original idea, had
the budget to make it as good as it possibly
can be, gets a huge cast, and then is successful
in the box office. I mean movies like Back to
the Future. I know that it's going back quite at ways,
(16:16):
but that's like a perfect example of just an awesome
original idea movie. And they had the budget, they got
the characters, they had the director, they built the story.
It was awesome. Everything about it was awesome, and you
just don't see a lot of that. It's a lot
of you know, like kind of historical fiction or retelling
of you know, wicked even right, like they made two movies,
(16:38):
but that was a book that was kind of drawn
up as a musical out of a book that already existed,
and it was a play and then eventually transposed from
you know, a two and a half hour play to
a five hour double feature movie. You know, it had
something to inspire it. Essentially, there's not a lot of
original ideas out there in the first place. You kind
(17:00):
of have to attach yourself to an idea. I guess
it's the point I'm trying to make.
Speaker 3 (17:04):
Yeah, and you touched on it already. If Netflix does
get it, I'm a little skeptical.
Speaker 2 (17:09):
You know.
Speaker 3 (17:09):
I appreciate what Netflix has done with their originals. You know,
they make movies in house and then upload it to
the streaming service Netflix. But to think about Warner Bros.
You know, and then Netflix would have access to Warner Bros.
I feel like I and.
Speaker 1 (17:25):
Then they would have their movie budget to make movies
that they would most likely just be putting on Netflix.
Speaker 3 (17:30):
Yeah, and maybe I'm being critical, but I just don't
know if Harry Potterflix is going to truly value and
treat those as they should be.
Speaker 1 (17:39):
Because it's not Netflix original stuff. It's a good question,
and I don't know what it's gonna happen. Everybody thinks
that's an ironclad deal, it's already done. Paramount is challenging
that I saw that they supposedly put in a huge bid. Yeah,
and it's I don't know like how much influx this
is going to be. But regardless of it, it is
going to, one way or the other change the way
that we are entertained, whether it's through streaming or whether
(18:02):
it's through a movie going experience, or just in general
as to what the Warner Brothers, Discovery Group and family
of movies and channels and all that, what they will
produce in the future, something to keep an eye on.
The FED had a meeting today and trying to figure
out interest prices and things of that nature, and also
about a pretty important and substantial merger in the entertainment industry.
Joining us to talk about those things is our national correspondent,
Rory O'Neill. How are you doing today?
Speaker 2 (00:16):
Rory doing well? Emory?
Speaker 1 (00:17):
How are you? I'm great, I'm great. The first thing
that I want to talk to you about is a deal.
I'm not a business expert, but the Netflix acquisition with
Warner Brothers Discovery, which, if anybody's paying close attention, this
is like, this could be a pretty major shakeup in
cinema in the United States. What is that deal or
(00:41):
what was that deal looking like? And why are people
saying that may not be officially a done deal yet.
Speaker 2 (00:48):
Okay, here's how it began. Paramount Beata bid to buy
Warner Brothers Discovery a couple of weeks ago, but then
Netflix came in Beta is the deal of their own
that does not include all the cable channels of Discovery.
But they agreed to that deal on Friday, like eighty
two billion dollars for the deal, So big announcement. Netflix
(01:08):
to buy Warner Brothers Discovery. Well Monday, Paramount came back
and said, wait a minute, now, our offer is actually
juicier for shareholders, paying them thirty bucks a share cash,
and they want they want to win this and include
those linear cable channels as part of their deal, and
so they're competing offers. We got word from Netflix this
(01:29):
morning saying, yeah, whatever, we were expecting them to try
to counter but we still think Friday's deal is rock solid.
The board over at WBD, they're still standing by the
Netflix deal as well, but Paramount is trying to launch
this hostile takeover and let's see what happens in the
next I think it's twenty days.
Speaker 1 (01:48):
Okay, So this I think the hard part for people,
And you know, I kind of am I'm very interested
in entertainment, so obviously I'm trying to figure out what
the ripple effect of this would be. Let's say Netflix
does close this deal for real and this happens. There
are a lot of big time movie experts that say
(02:11):
this is not good for the movie industry or the
movie theater industry. Can you kind of explain what that
impact would be and why this is such an important deal?
Speaker 2 (02:23):
Sure? I mean, look, Netflix is the eight hundred pound
gorilla in the room if you now give them Warner Brothers,
which includes HBO Max that whole line. They're in the
business of making streaming movies. They're not in the business
of making theatrical releases. So the concern is they're just
going to make stuff that's more like Game of Thrones
and have long series, real ten part series or something,
(02:46):
rather than make something that goes to movie theaters like
Warner Brothers used to with a new Harry Potter movie
or something, so instead of so now that production essentially
would go away under this merger. That's the That's what
Paramount says about the Netflix takeover of Warner Brothers, that
this will be bad for the movie business overall. Meanwhile,
(03:08):
Paramount says, hey, if we got to merge with Warner Brothers,
you've got the number three and number five streaming companies
we work together. Now we're a good size number two,
sort of on par with where Disney is right now.
They say that actually helps competition, that Paramount was already
planning to release more in theater movies. They get that
(03:29):
number up to about fifteen a year and climbing, so
they say they'd be good for the movie film industry.
Speaker 1 (03:37):
Rory O'Neal with us here. Movies took a huge shit
obviously in COVID nineteen and are trying to come back.
I think the Wicked two movies have done some good
to bring people back into the movie theaters. But I
think we're kind of just in this very strange place
where it comes to streaming. And I was, as a
(03:59):
big sport pretty frustrated with the YouTube TV Disney fallout
that occurred for basically two and a half weeks where
in the middle of football season, ESPN and all the
Disney channels were not available for you know, just because
both sides were trying to negotiate a better option, better
deal for themselves. What would be the best from your
(04:22):
opinion for the consumer. Is this something that you think, Yeah,
the movie theater industry is one thing, but for the
people who are trying to have at home entertainment, this
is actually better if Paramount gets it versus Netflix or
do you think that's a negligible difference.
Speaker 2 (04:38):
Boy, it's so frustrating though, right, I mean, if I
say let's keep it or you know, because we're talking
about merging streaming services and giving us fewer options, right.
I mean, now Netflix and HBO Max are one company,
sort of like Disney and Hulu. That's one thing now.
But at the same time, I don't need to be
subscribing to eight different streaming services, right, so you know,
(05:01):
I don't. So competition is supposed to be good, but
they don't really compete, and then we all end up
having to buy multiple services here in order to see
the stuff that we want. Look, personally, I put myself
on a streaming diet. I just say I only have
one streaming channel at a time. I don't, you know,
I watch what's what's on paramount, all right, I've seen
all this new stuff they have. Let me switch over
(05:23):
to Netflix for a while and see all the stuff
I've missed in the past six months. Okay, now I'm
gonna move over to HBO Max and find some stuff there.
But now apparently all these companies are just going to
merge together anyway, and I'm only going to have one
to choose from.
Speaker 1 (05:38):
Yeah, it's kind of an interesting I like YouTube TV
for that because I can DVR a lot of things
that otherwise would just be on streaming services. But then
you're just kind of being yanked around if there's any
sort of snafoo between a couple of these companies and
you're still paying the same price, which I don't much appreciate.
Speaker 2 (05:57):
And then, as the news guy, let me just say,
I'm also concerned that if the Paramount WB takeover happens,
that means that CBS News and CNN will be under
one roof, which someone's going to say, do we really
need two newsrooms, you know? And then those cuts start
happening in newsrooms, which I would object.
Speaker 1 (06:18):
Yeah, no doubt. And who's to say what that would
even look like. And this is another thing people talking
about the growing possible monopolies, is that something that could
be challenged by other competitors, saying that Netflix is trying
to attempt, you know, this hostile takeover almost and try
to create a monopoly in the streaming industry.
Speaker 2 (06:40):
Well, right, and that's your other concern, because now let's
lift up the curtain here. One of the things about
the Paramount deal is that the financing is being helped
or in part coordinated with the help of Jared Kushner,
President Trump's son in law, and his Saudi and Katari
backers from the Middle East are also in on this
(07:02):
paramount deal. So now does the White House say, well,
we're concerned that Netflix would be, as you said, a monopoly,
so we're gonna lean to the paramount deal. Like, well, wait,
is that fair either? Yeah, it's difficult to navigate because
there are clearly I think buses and minuses to both deal.
Speaker 1 (07:22):
Yeah, and there would be some level of conflict of
interest on that. Really fascinating stuff. Just real quick, Roy,
before I get you out of here. I know the
Federal Reserve Board meeting today and trying to figure out
what we can do, and we're hearing the word affordability crisis.
That term has been thrown around by basically anybody running
(07:44):
for office either this year, next year in between. What
can we expect coming from this meeting? Today?
Speaker 2 (07:52):
They are starting a two day meeting on interest rate,
so after the end of tomorrow's meeting, so it starts
today and tomorrow, they're likely to announce another cut in
interest rates, probably a quarter point. Some of the Trump
supporters on the board may be more aggressive, like come on,
let's do a half point cut. Others are concerned that
that might bring back a spike in inflation. And remember,
(08:13):
the Fed has to do two things. They've got what
they call a dual mandate. You have to keep inflation
at two percent as your target, and you have to
maximize employment. And right now we're seeing some weakness in
that jobs picture, which is why they might try to
massage things a little bit with a quarter point cut.
That immediately means what your credit card rates and if
a car loan would come down a bit, and likely
(08:36):
would ultimately see a dropping of a mortgage rate if
you're out there hopefully looking for real estate.
Speaker 1 (08:42):
Yeah, and considering I've bought a house and I've been
waiting for that to refinance because the interest rates were
just absolutely obscene when I bought the house, I would
certainly welcome that conversation.
Speaker 2 (08:54):
Just reminded me how young you are, Emriel. I grew
up in the eighties. I'll talk about I've seen the
interest rates with you.
Speaker 1 (08:59):
Yeah, y hey, fair enough. Fair enough to each their own.
Roy O'Dell, our national correspondent. As always, Roy really do
appreciate it. Thanks so much for being on the show today.
Speaker 2 (09:09):
Thanks Emery.
Speaker 1 (09:11):
Yeah, there you go. Entertainment mergers, the FED bringing interest
rates down, and what the possibility of that over time
looks like. We'll keep an eye on it. Warner Brothers
Netflix merger. I think there are a couple of important
things on this, And if you're not a TV watcher,
this isn't gonna apply to you. If you're not a
movie watchers, so I'm gonna apply to you. But for
(09:31):
the ninety eight percent of you that do watch movies
and television, this is for you. I am a YouTube
TV guy. I like YouTube TV, and as I alluded
to their YouTube TV having that snafu with Disney in
the ESPN and ABC, and you know, in the middle
of a football season, it was trying for me. It's like,
you know what, I'm gonna let them resolve this. I
(09:54):
do not care. I'm gonna wait this out. I'm gonna
see how things go, and if they can't figure out
why the end of the football season, then I will
figure out what I want to do. Because I have
YouTube TV mostly for the live sports. I have ABC, CBS, Fox, NBC.
I also have ESPN, ESPN two, ESPNU, ESPN News. I
(10:16):
have f S one, f S two. I have the
Golf Channel. I have CBS Sports Network, I have b
In Sports. I have Fox Soccer Plus. I have a
ton of sports channels. Now I pay like ten extra
dollars a month to get all those. I have the
Red Zone channel of NFL Network, I have the NBA TV.
I have all that stuff. It's great and I'll watch
any variety of things on those channels. I also have
(10:40):
awesome movie movie channels like TCM turn Classic Movies and
some other uh you know, like a MC, some channels
T and T tbs that are gonna have movies on
and I'll take a look, you know, if I'm looking
for a movie, I have access to a bunch of
them through the app, just through YouTube TV. Or if
a movie I really like is about to come on
(11:02):
or is already on and I just I don't want
to watch it right now, I'll just DVR it and
either I'll be able to jump in right where I
started the recording, or if it plays again, which invariably
a lot of times on some of those networks, they'll
TCM is different. They won't. They'd hardly ever replay a movie.
But like T and T, a league of their own
(11:24):
might be on, and then at three am, when they're
trying to play something else, they'll be another showing of
a league of their own. It'll just re record and
record the whole thing so I can go back and
I can rewatch, and that I can fast forward through
the commercials. That's how I like to do things. My
wife likes to have Netflix. My wife likes to have Prime.
We've had Hulu before to watch certain shows. We've had
(11:46):
Paramount Plus before in Peacock before. There's a lot of
different streaming services. You kind of have to pick and
choose if you want to not break the bank. And
I just don't know. I think it's good maybe for
the consumer of streaming if a Netflix acquires Warner Brothers Discovery,
(12:09):
because you're gonna get the HBO Max, you're gonna get
a bunch of that catalog, all the different Warner Brothers
stuff that could be available. And Warner Brother's Discovery has
just been negligent, honestly with the way that they promote
their own stuff. They're just in a bad place. It's
gonna be good to have somebody who's really active in
the industry, and Paramount wants to acquire them because of
that catalog, and they want to have the ability to
(12:33):
challenge the biggest and the best, the Disney specifically, so
I don't know that it's gonna be good for movie
watchers if Netflix acquires Warner Brothers Discovery and is able
to incorporate a lot of that movie making in that
movie budget and then just throws it on their streaming
(12:53):
service instead of theatrical releases. I like going to the
movie theater. I got a movie theater probably four or
five times a yearly, and I watch movies I'm interested in.
I don't just go randomly, but there's usually a movie
that I want to go see. I love getting my
big popcorn bucket. I like having my soda. I like
having my Mike and ikes and just sitting there and
watching the movie. And I don't know, there's just something
(13:18):
about that that I hope doesn't go away. We didn't
have it during COVID, and I get that. You know,
people may not be super into a lot of the movies.
There's there's some good movies that are coming out. We
just you get depending on what you watch, depending on
anything that you got going on. I mean, there's just
(13:40):
you gotta be thinking to yourself about what is or
isn't important to you and what you would be entertained by.
But there's actually a lot of stuff that you don't
see get promoted on television or on social media. That
probably is a bit more up your alley. I don't know,
that's just me. Is what's your philosophy on the and
(14:00):
how you manage your money?
Speaker 2 (14:02):
Right?
Speaker 3 (14:02):
I absolutely love going to the movies as well. There's
something about watching a movie in theaters. It automatically makes
it just a little bit better than what it would be,
especially like Oppenheimer, that there are movies that are designed
to be seen in theaters or even imax, right, Like
seeing Oppenheimer and an imax was an experience you're not
going to get watching it at home. When I've talked
about the Avatar movies too, that's my perfect example, tremendous
(14:26):
in theater.
Speaker 1 (14:27):
That is, Avatar movies are a perfect example of theater
watching because that I mean the colors and the.
Speaker 3 (14:35):
Noise, the loud noise where otherwise in your house it's
too loud, it doesn't sound good coming out of the
back of the TV. You get in theaters and you
feel the vibrations in your chest. Yeah, I just love
the Avatars great. And we got a new one of
those coming out, Yes, And I am wishy washy because
a lot of Hollywood right now is sequels of movies.
Speaker 1 (14:53):
Yeah, but I mean we just last hour, we just
waxed poetic about how great the Marvel movies were. They
released twenty three movies of basically the same story with
essentially the same group of characters. You're right, twenty three
movies in like eleven years. You're right, absolutely, which is crazy.
But the movie theaters are special, and I don't go
(15:15):
as much as I wish I would go. To be honest,
there are not a lot of just completely original ideas
in movies anymore. I was listening to there's a great
podcast called The Rewatchables. Bill Simmons and the Ringer do
this and they break down a bunch of different movies.
I've been doing it for several years now, so there's
a huge catalog of the movies that they've done and
they break They spend like an hour and a half,
(15:35):
two hours breaking down different movies, and it's actually, if
you're kind of a geek about this stuff, it's really
fun to listen to. But they talk about just so
much of movies come from a book, or they come
from a comic book, or they come from an element
of already existing media in some way, or it's based
(15:56):
on the life of somebody. Very rarely is there a
really awesome movie that is a completely original idea, had
the budget to make it as good as it possibly
can be, gets a huge cast, and then is successful
in the box office. I mean movies like Back to
the Future. I know that it's going back quite at ways,
(16:16):
but that's like a perfect example of just an awesome
original idea movie. And they had the budget, they got
the characters, they had the director, they built the story.
It was awesome. Everything about it was awesome, and you
just don't see a lot of that. It's a lot
of you know, like kind of historical fiction or retelling
of you know, wicked even right, like they made two movies,
(16:38):
but that was a book that was kind of drawn
up as a musical out of a book that already existed,
and it was a play and then eventually transposed from
you know, a two and a half hour play to
a five hour double feature movie. You know, it had
something to inspire it. Essentially, there's not a lot of
original ideas out there in the first place. You kind
(17:00):
of have to attach yourself to an idea. I guess
it's the point I'm trying to make.
Speaker 3 (17:04):
Yeah, and you touched on it already. If Netflix does
get it, I'm a little skeptical.
Speaker 2 (17:09):
You know.
Speaker 3 (17:09):
I appreciate what Netflix has done with their originals. You know,
they make movies in house and then upload it to
the streaming service Netflix. But to think about Warner Bros.
You know, and then Netflix would have access to Warner Bros.
I feel like I and.
Speaker 1 (17:25):
Then they would have their movie budget to make movies
that they would most likely just be putting on Netflix.
Speaker 3 (17:30):
Yeah, and maybe I'm being critical, but I just don't
know if Harry Potterflix is going to truly value and
treat those as they should be.
Speaker 1 (17:39):
Because it's not Netflix original stuff. It's a good question,
and I don't know what it's gonna happen. Everybody thinks
that's an ironclad deal, it's already done. Paramount is challenging
that I saw that they supposedly put in a huge bid. Yeah,
and it's I don't know like how much influx this
is going to be. But regardless of it, it is
going to, one way or the other change the way
that we are entertained, whether it's through streaming or whether
(18:02):
it's through a movie going experience, or just in general
as to what the Warner Brothers, Discovery Group and family
of movies and channels and all that, what they will
produce in the future, something to keep an eye on.
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