Episode Transcript
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Speaker 1 (00:00):
Netflix, Warner Brothers deal has a wild card how Paramount
could still win, okay, and some are even calling this
potentially a monopoly that's getting in the way. So let
me kind of read some of the stuff and atim
I'm gonna turn it over to you. Warner Brothers Discovery
Selling gets film and TV production business plus HBO Hbo
Max to Netflix for eighty three billion dollars, including that
Netflix is paying billions for Warner Brothers film and streaming business.
(00:23):
But it's the value of the company's left out cable
that could end up bringing a crucial issue and the
merger alone. And the deal reached Friday, Warner Brothers Discovery
Selling gets film and TV production business plus HBO Max
for eighty two billion. The Netflix is paying twenty seven
and seventy five cents to share to Warner Brothers compromised
(00:44):
comprised of twenty three and a quarter share in cash,
four and a half in stock and Netflix. The cable
networks including TNTTBS, CNN, and Discovery aren't included in the
deal and are set to be spun off in a
separate company called Discovery Global by the third quarter of
next year. Paramount has been willing to pay thirty dollars
a share forteen tower business including the cable channels. Wall
(01:05):
Street Journal has reported if Paramount mounts a competing bit,
it would argue its offer is more than Netflix. The
value of Discovery Global is the wild card, Tom, What
is going on over here?
Speaker 2 (01:18):
Okay, two folks wanted to buy, actually more than more
than two folks wanted.
Speaker 3 (01:23):
To buy Warner Brothers Discovery.
Speaker 2 (01:26):
Yes, but only two emerged just having the economic capability
to do so. Okay, one is Netflix and the other
is the Ellisons at Paramount. So the Ellison's Paramount made
a very compelling offer, but they were going to leave
(01:46):
Discovery Global. What Discovery Global is is a new company
going to be spun out on the stock market that
contains TNT, CNN and Discovery. Now, under the Ellison's analysis,
the people are out there, they're.
Speaker 3 (01:59):
Saying saying, hey, cable is a declining business. You figure
out what you're going to do with.
Speaker 2 (02:05):
That, Pat, I will buy the library. So that's what
the Ellisons wanted. Netflix comes up and they say, no,
we'll buy the whole thing and Netflix Ted Sorrandos went
and met with Trump and he said, we hit it off,
we talked about what we wanted to do. So Netflix
tried to get ahead of the deal by meeting with
(02:26):
Trump and talking about it, because remember Netflix reied Hoffman
put two CEOs in placer Co CEOs Ted Sarando's and
Greg Peters, and Ted's Serrando's was the one that went
and talked to Trump is what we want to do,
is how we want to do it all this and
so he left thinking, yeah, you know what, I don't
think the President's going to be against this, and what
they don't want is the Federal Trade Commission to come
(02:47):
out and say, wait a minute, this could create a monopoly. Meanwhile,
Discovery is like, wait a minute. At the last minute,
you're taking the Netflix deal. Our deal we believe is better.
And Trumps said out loud, hey, I think Warner Brothers,
Discovery Zaslov the CEO, I think you should take the
highest bidder. So Trump's kind of weighing in, but in
(03:09):
a gentle way, Pat just saying, hey, no favoritism here.
You should take the best bid You should take the
highest bidder. And so now over the weekend, what Netflix
did check this out?
Speaker 3 (03:19):
Pat? Here comes the hook. They said, hey, hey.
Speaker 2 (03:22):
Patrick, I want to buy all of Warner Brothers Discovery,
and I'll tell you what I'll do. I'm gonna put
a break in breakup fee. I'm going to transfer into
an escrow account a breakup fee. How does five point
eight billion dollars sound? And if we don't do the
deal or it gets stalled and doesn't happen by the
(03:46):
US government, you keep the breakup fee because that's the
rule of the breakup fee.
Speaker 1 (03:50):
Who said that?
Speaker 3 (03:51):
Netflix?
Speaker 2 (03:52):
And so the Ellisons are like, wait a minute, that's
a pretty ridiculous breakup fee. And so it's the deal
right now is going back and forth, and now all
the analysts are backing up and going is everybody just
getting so anxious to win this last hand to poker
at midnight that nobody's going to win. There's fifty nine
(04:13):
billion dollars of debt that's going to be taken on
this thing. And so Netflix, a lot of people are saying,
why would you take TNT, CNN and Discovery too that
are declining channels. You've got the statistics, Netflix, why are
you doing that? When you know Zaslov said, well, we're
just going to spin them out in Discovery Global and
put it on the stock market.
Speaker 3 (04:34):
That's how we're going to take care of it. But
it's declining.
Speaker 2 (04:36):
And as a matter of fact, they had a valuation
of it that was like that had dropped four hundred
million dollars just over the course of this year to date,
eleven months of this year that the cable nets value
had dropped four hundred million dollars. We know why, you
know in TNT what did they not renew the NBA?
Speaker 3 (04:57):
Why they couldn't afford it?
Speaker 2 (04:58):
Because the NBA was going like this and all the
streamers like Amazon and others had the money to do it.
YouTube had the YouTube bought NFL Sunday ticket out from
under direct TV. Well not out from under, they bought
it next because DirecTV couldn't do it anymore, couldn't do it.
Speaker 3 (05:14):
So what's going on here?
Speaker 2 (05:16):
Netflix is now in possession of an exclusive period to
negotiate it, but now they got to go work with
the White House. And there are people saying Serrandos may
have thought that he had Trump, but over the weekend
Trump was like, well there may be something to say
about this or maybe something to look at here, And
so people are saying, do you think that's a sign
(05:38):
that the Ellisons called him and said, Hey, I appreciate
you meeting with Serrandos and Netflix on this. You're the president,
you got to meet with everybody. But dude, we think
we've got the better We've got the better bid.
Speaker 3 (05:48):
So right now in that point, you.
Speaker 1 (05:50):
Know what just happened twenty eight minutes ago, Rob Did
you see what happened twenty eight minutes ago? Twenty seven
minutes ago. Paramount makes one hundred and eight billion dollar
hostile takeover it. Paramoun makes one hundred and eight billion
out of all cash offer for Warner Brothers Discovery escalating
buyout five with Netflix.
Speaker 3 (06:08):
Just just include the cable nets, can a little bit lower? Wrap?
Is this the whole thing now?
Speaker 1 (06:14):
Paramount stock rose two percent after the announcement, while Warner
Brothers stock rose as much as seven percent. They just
made a one hundred and eight point four billion out
of target time warning Discovery a hostile bid came just
days after Netflix agree to a deal largely backed by
the Ellison family and potentially other investors like sovereign wealth funds.
Why this is happening? Intense competition, Major industry consolidation played
(06:37):
to compete against streaming giants like Netflix and tech players
like Amazon and Apple. Paramounts Guide Dance wants to increase,
wants to create a larger entity to challenge in Netflix's dominance.
This literally just happened twenty seven minutes.
Speaker 2 (06:50):
Well, there's the next step and so what did the
Ellisons do moments ago that?
Speaker 3 (06:55):
So what exactly is a hostile takeover?
Speaker 1 (06:57):
So you can't come to terms on negotiations, you kind
of go around the other company and go directly to
shareholders and.
Speaker 3 (07:04):
Direct to announce to the public markets.
Speaker 2 (07:06):
I am this letter in my hand here, I am
giving to your board of directors, and I am offering
this much per share. And the reason as hostel is
because the border directors maybe don't want to receive it.
But once they hold this, they now have an obligation
to do what's in the best interest of who the shareholders.
Speaker 1 (07:25):
Okay, so let me reach it. What happened here? We
just recently went through this. I won't name any banks,
but Tom, you know exactly what story I'm talking about.
Much smaller deal. Despite Paramounts submitting six proposals over the
course of twelve weeks, Warner Brothers never engage meaningfully with
these proposals which we believe delivered the best outcome for
(07:46):
Warner Brothers shareholders. Paramount has now taken its offer directly
to Warner Brothers shareholders and its board of directors to
ensure they have the opportunity to pursue this clearly superior alternative.
What happened right there. So we're trying to buy a company, okay,
Tom and I are trying to buy company in the
last few months, okay, and we notice the investment bankers
(08:09):
in the middle are moving unbelievably slow, and we're like,
why the hell are they moving so slow? This doesn't
make any sense to me? And Tom's coming up to
mem Sin. It's very weird because any like, imagine if
you're an investment banker he comes into like imagine your
realtor selling the house. He's a qualified buyer. How quickly
will he get back to him? And by the way,
(08:31):
they're taking their time introducing you to the seller. They're
taking their time, and then eventually it on what ends
up happening. They set up a separate call. Can I
say this, I can say this, but I give a name. Yeah, yeah,
They set up a separate call without the sellers on
the call to tell us that, yeah, the sellers are
(08:56):
probably not interested. Let us just kind of go through
the sales process. We'll let you know in two weeks.
What do you mean, do the sellers know? Yeah, yeah, yeah, yeah,
we're on the same page. Okay. If the sellers no, great,
we'll move on. So then Tom sends an email to
the sellers just saying, hey, we had a call with
your investment bankers and this is what we were told.
(09:19):
We wish you guys nothing but the best. And the
seller's like, wait a minute, what do you mean, Well,
that's they said. No. The sellers fly out to visit
us last Friday night. Thirty hours later, thirty hours they fly,
and a half later they come fly out to meet
us here in the private jet. They fly, they come here,
(09:39):
we're sitting together in our office for hours, late at night,
it is Friday night, and then we finish and they leave.
We went directly to the sellers to have the conversations right.
Speaker 3 (09:51):
And speaking in a professional way.
Speaker 1 (09:52):
Yeah, and of course in a professional way. What Paramount
is saying here is hey, shareholders, maybe you need to
see our offer because I don't believe the management team,
the leadership team of Warner Brothers is publicly telling you, guys,
how many times we've sent offers that you're going to
get paid more on So, Hey, he's got a million
(10:15):
our house he's selling, and there's a million one offer
on the table, but the realtor's not telling you about
it because you just want him to sell it. You
don't want that guy to buy it. Do you understand
what happened right there? Even though it's pay one hundred
thousand dollars more to the seller. Now, let's not tell
you about it. You'd be ferious. Of course, that's kind
of so what these guys did right now, the hostile takeover.
They're publicly saying this is what we're doing. And they
(10:37):
went to the board and the shareholders, and the shareholders responded.
Guess what the shareholders said, stock us up seven percent,
say we want this. We want the Ellisons to buy
us out. It's a very very interesting thing that just
literally broke while we're doing the podcast right now. How
wild is that time? What do you think is gonna
end up?
Speaker 3 (10:56):
Town?
Speaker 1 (10:57):
And two questions, what do you think it will end up?
What do you think it's better for the market to
end up?
Speaker 2 (11:02):
So I think it's gonna end up with Paramount because
if you look at let's say all of us here, Adam,
Thenny Let's say we're all the Federal Trade Commission, and
we believe that there needs to be competition and streaming
so consumers have choices, right, And we look around, we say, well,
you've got Amazon Prime. You know, Prime Videos got things,
(11:26):
Peacock's got things. You know, YouTube's got a library, Paramount's
got a library. Netflix has got a library. And then
Warner Brothers Discovery now closed door session Federal Trade Commission.
You know, Warner Brothers that the cable nets is an
anchor here. They got to figure out what they do
at the cable nets, so they're going to sell to somebody.
Speaker 3 (11:46):
So this is going to be on our desk.
Speaker 2 (11:48):
Here at the Federal Trade Commission, because cable's going down.
Warner Brothers Discovery has got to figure out what they do.
They're going to sell the library to somebody.
Speaker 3 (11:56):
What do we think?
Speaker 2 (11:57):
And so we come together and said, you know what,
if we leave Netflix here, we approved Paramount here. They
just formed themselves and got bigger, appear to be responsible citizens,
and then allow the market to have the Disney Library
over here with Hulu, to have Amazon and the Library
over here, Netflix over here, and then Paramount with Warner
Brothers Discovery.
Speaker 3 (12:18):
Hey, that would be four choices for the American people.
Speaker 1 (12:21):
So what you're saying is to the question, you're saying one,
you're thinking it's gonna end up with Paramount. Two, you're
saying Paramount is better because he gives more competition, the
consumer wins.
Speaker 2 (12:29):
You want another strong playoff on the same page with
Disney and Netflix.
Speaker 1 (12:33):
I'm on the same page with you. Do you want
to play this clip real quick? When the president's being
asked about a rop. Thank you, mister, I did I
met with Ted?
Speaker 2 (12:41):
I think he's fantastic.
Speaker 1 (12:42):
I think he's in the history of Olive with has
really been almost you could say nothing like what he's done.
He'd go back to mab mayor maybe met Droug older Man, MGM.
Ted has done an incredible job. I mean, he had
a company that was very trouble seven or eight years
ago and he took it over and he's really being.
Speaker 2 (13:01):
A legendary job. Should already allowed to buy water butter?
Speaker 1 (13:05):
Should we have asked a question have a very big
market share, and when they have say this you know
that chair goes up a lot, so I don't know
that's going to be for some economists to tell.
Speaker 2 (13:15):
And also, and I'll be involved in that decision too.
I have a very big market share.
Speaker 3 (13:20):
Did he make any guarantees.
Speaker 1 (13:22):
To you or a by pause it right there? I'll
be involved in that.
Speaker 2 (13:25):
But he gave props to a guy he knows, Paul
gently putting the hand.
Speaker 1 (13:30):
Up, developer.
Speaker 3 (13:30):
We gotta look at this.
Speaker 1 (13:32):
He just handled it like a like a president. That'd
be a very large market share. If you love Christmas
as much as we do. Okay, we got three Christmas
trees in the house. It's a spectacle every Christmas one,
you know, Thanksgiving hands that that following Friday, I have
to carry this ten foot tree that weighs six hundred
pounds and the family waits for me to come through
and we get this big tree. We put it in
(13:53):
there and I go up the ladder. And I'm telling
you right now, every year I'm getting closer to falling. Okay.
I had it on the control at forty three, forty four,
at forty seven, Vinnie, I am so high. I'm so
high that if if a little bit it's slips I'm
falling on my back. We're doing podcasts out of a
wheel trap. Nobody's talking you, and it's always like, can
(14:15):
you put the star all the way up top? I'm like,
all the way trying to put this thing up. I
think there's something going on. It's like an inside job.
There's a story right there. No, no, no, it's it's
a blast. Obviously, everybody loves it, and Dylan loves decorating
the tree. I hope for those of you guys that
do as well. We we love Christmas and our Christmas
Merchant is officially out. And the hat that we couldn't
(14:38):
keep a single one of these guys were ordering fifty
of these at a time, Rob, can you zoom it
on that hat? This hat was such a massive hit
last year. We sold three thousand of them like this.
They were gone okay, and people were buying it as
Christmas gifts for others, and then they were sending it
to their clients, their friends. It says Merry Christmas. Future
(15:00):
looks bright on the bottom and on the side with
the VT logo, it's just a sick hat. We got
a few hats. One of the hats sold out, This
one that says, Merry christ Christmas. This one sold out.
This one's gone, but you have the red one, you
have the green one to choose from, and then that
one as well. Rob. You have this one. Uh, this
other one we have as well. If you want to
go to this one, Rob this Christmas on the bottom right, yeah,
(15:22):
right there, and then we have the Christmas if you
want to go and show Vinnie our model folks. Look
at our models wearing there and and these come with
a nice uh look at this, Look at this. This
is the that's that's the pajamas, right, the Merry Christmas pajamas. Obvious,
what the future looks bright. They're so super super comfortable.
(15:43):
Forget about the socks Vinnie's wearing that made it in there.
Those socks don't come with it, no, but they're modeling.
They look like a beautiful family. So if you want
your whole family to be wearing the the pajamas, the
Merry Christmas. We also got these sweaters here as well.
Speaker 3 (15:56):
Max's obvious.
Speaker 1 (15:57):
This is sick. Go to the teamers dot com place
your order and we decided for everybody that does it,
we just order a few thousand of these. You're going
to get the Value Team and Merry Christmas ornament that
we're going to give to you. End of item in
the future looks bright Santa Claus. Merry Christmas with any
order you place go to V teamers dot com place
(16:19):
your order and guess what. Kamala Harris doesn't want you
to say Merry Christmas and we don't mind saying it. Okay,
we don't mind saying it at all. Marry Merry Christmas
to you. If you enjoy this video, you want to
watch more videos like this, click here, and if you
want to watch the entire podcast, click here.
Netflix, Warner Brothers deal has a wild card how Paramount
could still win, okay, and some are even calling this
potentially a monopoly that's getting in the way. So let
me kind of read some of the stuff and atim
I'm gonna turn it over to you. Warner Brothers Discovery
Selling gets film and TV production business plus HBO Hbo
Max to Netflix for eighty three billion dollars, including that
Netflix is paying billions for Warner Brothers film and streaming business.
(00:23):
But it's the value of the company's left out cable
that could end up bringing a crucial issue and the
merger alone. And the deal reached Friday, Warner Brothers Discovery
Selling gets film and TV production business plus HBO Max
for eighty two billion. The Netflix is paying twenty seven
and seventy five cents to share to Warner Brothers compromised
(00:44):
comprised of twenty three and a quarter share in cash,
four and a half in stock and Netflix. The cable
networks including TNTTBS, CNN, and Discovery aren't included in the
deal and are set to be spun off in a
separate company called Discovery Global by the third quarter of
next year. Paramount has been willing to pay thirty dollars
a share forteen tower business including the cable channels. Wall
(01:05):
Street Journal has reported if Paramount mounts a competing bit,
it would argue its offer is more than Netflix. The
value of Discovery Global is the wild card, Tom, What
is going on over here?
Speaker 2 (01:18):
Okay, two folks wanted to buy, actually more than more
than two folks wanted.
Speaker 3 (01:23):
To buy Warner Brothers Discovery.
Speaker 2 (01:26):
Yes, but only two emerged just having the economic capability
to do so. Okay, one is Netflix and the other
is the Ellisons at Paramount. So the Ellison's Paramount made
a very compelling offer, but they were going to leave
(01:46):
Discovery Global. What Discovery Global is is a new company
going to be spun out on the stock market that
contains TNT, CNN and Discovery. Now, under the Ellison's analysis,
the people are out there, they're.
Speaker 3 (01:59):
Saying saying, hey, cable is a declining business. You figure
out what you're going to do with.
Speaker 2 (02:05):
That, Pat, I will buy the library. So that's what
the Ellisons wanted. Netflix comes up and they say, no,
we'll buy the whole thing and Netflix Ted Sorrandos went
and met with Trump and he said, we hit it off,
we talked about what we wanted to do. So Netflix
tried to get ahead of the deal by meeting with
(02:26):
Trump and talking about it, because remember Netflix reied Hoffman
put two CEOs in placer Co CEOs Ted Sarando's and
Greg Peters, and Ted's Serrando's was the one that went
and talked to Trump is what we want to do,
is how we want to do it all this and
so he left thinking, yeah, you know what, I don't
think the President's going to be against this, and what
they don't want is the Federal Trade Commission to come
(02:47):
out and say, wait a minute, this could create a monopoly. Meanwhile,
Discovery is like, wait a minute. At the last minute,
you're taking the Netflix deal. Our deal we believe is better.
And Trumps said out loud, hey, I think Warner Brothers,
Discovery Zaslov the CEO, I think you should take the
highest bidder. So Trump's kind of weighing in, but in
(03:09):
a gentle way, Pat just saying, hey, no favoritism here.
You should take the best bid You should take the
highest bidder. And so now over the weekend, what Netflix
did check this out?
Speaker 3 (03:19):
Pat? Here comes the hook. They said, hey, hey.
Speaker 2 (03:22):
Patrick, I want to buy all of Warner Brothers Discovery,
and I'll tell you what I'll do. I'm gonna put
a break in breakup fee. I'm going to transfer into
an escrow account a breakup fee. How does five point
eight billion dollars sound? And if we don't do the
deal or it gets stalled and doesn't happen by the
(03:46):
US government, you keep the breakup fee because that's the
rule of the breakup fee.
Speaker 1 (03:50):
Who said that?
Speaker 3 (03:51):
Netflix?
Speaker 2 (03:52):
And so the Ellisons are like, wait a minute, that's
a pretty ridiculous breakup fee. And so it's the deal
right now is going back and forth, and now all
the analysts are backing up and going is everybody just
getting so anxious to win this last hand to poker
at midnight that nobody's going to win. There's fifty nine
(04:13):
billion dollars of debt that's going to be taken on
this thing. And so Netflix, a lot of people are saying,
why would you take TNT, CNN and Discovery too that
are declining channels. You've got the statistics, Netflix, why are
you doing that? When you know Zaslov said, well, we're
just going to spin them out in Discovery Global and
put it on the stock market.
Speaker 3 (04:34):
That's how we're going to take care of it. But
it's declining.
Speaker 2 (04:36):
And as a matter of fact, they had a valuation
of it that was like that had dropped four hundred
million dollars just over the course of this year to date,
eleven months of this year that the cable nets value
had dropped four hundred million dollars. We know why, you
know in TNT what did they not renew the NBA?
Speaker 3 (04:57):
Why they couldn't afford it?
Speaker 2 (04:58):
Because the NBA was going like this and all the
streamers like Amazon and others had the money to do it.
YouTube had the YouTube bought NFL Sunday ticket out from
under direct TV. Well not out from under, they bought
it next because DirecTV couldn't do it anymore, couldn't do it.
Speaker 3 (05:14):
So what's going on here?
Speaker 2 (05:16):
Netflix is now in possession of an exclusive period to
negotiate it, but now they got to go work with
the White House. And there are people saying Serrandos may
have thought that he had Trump, but over the weekend
Trump was like, well there may be something to say
about this or maybe something to look at here, And
so people are saying, do you think that's a sign
(05:38):
that the Ellisons called him and said, Hey, I appreciate
you meeting with Serrandos and Netflix on this. You're the president,
you got to meet with everybody. But dude, we think
we've got the better We've got the better bid.
Speaker 3 (05:48):
So right now in that point, you.
Speaker 1 (05:50):
Know what just happened twenty eight minutes ago, Rob Did
you see what happened twenty eight minutes ago? Twenty seven
minutes ago. Paramount makes one hundred and eight billion dollar
hostile takeover it. Paramoun makes one hundred and eight billion
out of all cash offer for Warner Brothers Discovery escalating
buyout five with Netflix.
Speaker 3 (06:08):
Just just include the cable nets, can a little bit lower? Wrap?
Is this the whole thing now?
Speaker 1 (06:14):
Paramount stock rose two percent after the announcement, while Warner
Brothers stock rose as much as seven percent. They just
made a one hundred and eight point four billion out
of target time warning Discovery a hostile bid came just
days after Netflix agree to a deal largely backed by
the Ellison family and potentially other investors like sovereign wealth funds.
Why this is happening? Intense competition, Major industry consolidation played
(06:37):
to compete against streaming giants like Netflix and tech players
like Amazon and Apple. Paramounts Guide Dance wants to increase,
wants to create a larger entity to challenge in Netflix's dominance.
This literally just happened twenty seven minutes.
Speaker 2 (06:50):
Well, there's the next step and so what did the
Ellisons do moments ago that?
Speaker 3 (06:55):
So what exactly is a hostile takeover?
Speaker 1 (06:57):
So you can't come to terms on negotiations, you kind
of go around the other company and go directly to
shareholders and.
Speaker 3 (07:04):
Direct to announce to the public markets.
Speaker 2 (07:06):
I am this letter in my hand here, I am
giving to your board of directors, and I am offering
this much per share. And the reason as hostel is
because the border directors maybe don't want to receive it.
But once they hold this, they now have an obligation
to do what's in the best interest of who the shareholders.
Speaker 1 (07:25):
Okay, so let me reach it. What happened here? We
just recently went through this. I won't name any banks,
but Tom, you know exactly what story I'm talking about.
Much smaller deal. Despite Paramounts submitting six proposals over the
course of twelve weeks, Warner Brothers never engage meaningfully with
these proposals which we believe delivered the best outcome for
(07:46):
Warner Brothers shareholders. Paramount has now taken its offer directly
to Warner Brothers shareholders and its board of directors to
ensure they have the opportunity to pursue this clearly superior alternative.
What happened right there. So we're trying to buy a company, okay,
Tom and I are trying to buy company in the
last few months, okay, and we notice the investment bankers
(08:09):
in the middle are moving unbelievably slow, and we're like,
why the hell are they moving so slow? This doesn't
make any sense to me? And Tom's coming up to
mem Sin. It's very weird because any like, imagine if
you're an investment banker he comes into like imagine your
realtor selling the house. He's a qualified buyer. How quickly
will he get back to him? And by the way,
(08:31):
they're taking their time introducing you to the seller. They're
taking their time, and then eventually it on what ends
up happening. They set up a separate call. Can I
say this, I can say this, but I give a name. Yeah, yeah,
They set up a separate call without the sellers on
the call to tell us that, yeah, the sellers are
(08:56):
probably not interested. Let us just kind of go through
the sales process. We'll let you know in two weeks.
What do you mean, do the sellers know? Yeah, yeah, yeah, yeah,
we're on the same page. Okay. If the sellers no, great,
we'll move on. So then Tom sends an email to
the sellers just saying, hey, we had a call with
your investment bankers and this is what we were told.
(09:19):
We wish you guys nothing but the best. And the
seller's like, wait a minute, what do you mean, Well,
that's they said. No. The sellers fly out to visit
us last Friday night. Thirty hours later, thirty hours they fly,
and a half later they come fly out to meet
us here in the private jet. They fly, they come here,
(09:39):
we're sitting together in our office for hours, late at night,
it is Friday night, and then we finish and they leave.
We went directly to the sellers to have the conversations right.
Speaker 3 (09:51):
And speaking in a professional way.
Speaker 1 (09:52):
Yeah, and of course in a professional way. What Paramount
is saying here is hey, shareholders, maybe you need to
see our offer because I don't believe the management team,
the leadership team of Warner Brothers is publicly telling you, guys,
how many times we've sent offers that you're going to
get paid more on So, Hey, he's got a million
(10:15):
our house he's selling, and there's a million one offer
on the table, but the realtor's not telling you about
it because you just want him to sell it. You
don't want that guy to buy it. Do you understand
what happened right there? Even though it's pay one hundred
thousand dollars more to the seller. Now, let's not tell
you about it. You'd be ferious. Of course, that's kind
of so what these guys did right now, the hostile takeover.
They're publicly saying this is what we're doing. And they
(10:37):
went to the board and the shareholders, and the shareholders responded.
Guess what the shareholders said, stock us up seven percent,
say we want this. We want the Ellisons to buy
us out. It's a very very interesting thing that just
literally broke while we're doing the podcast right now. How
wild is that time? What do you think is gonna
end up?
Speaker 3 (10:56):
Town?
Speaker 1 (10:57):
And two questions, what do you think it will end up?
What do you think it's better for the market to
end up?
Speaker 2 (11:02):
So I think it's gonna end up with Paramount because
if you look at let's say all of us here, Adam,
Thenny Let's say we're all the Federal Trade Commission, and
we believe that there needs to be competition and streaming
so consumers have choices, right, And we look around, we say, well,
you've got Amazon Prime. You know, Prime Videos got things,
(11:26):
Peacock's got things. You know, YouTube's got a library, Paramount's
got a library. Netflix has got a library. And then
Warner Brothers Discovery now closed door session Federal Trade Commission.
You know, Warner Brothers that the cable nets is an
anchor here. They got to figure out what they do
at the cable nets, so they're going to sell to somebody.
Speaker 3 (11:46):
So this is going to be on our desk.
Speaker 2 (11:48):
Here at the Federal Trade Commission, because cable's going down.
Warner Brothers Discovery has got to figure out what they do.
They're going to sell the library to somebody.
Speaker 3 (11:56):
What do we think?
Speaker 2 (11:57):
And so we come together and said, you know what,
if we leave Netflix here, we approved Paramount here. They
just formed themselves and got bigger, appear to be responsible citizens,
and then allow the market to have the Disney Library
over here with Hulu, to have Amazon and the Library
over here, Netflix over here, and then Paramount with Warner
Brothers Discovery.
Speaker 3 (12:18):
Hey, that would be four choices for the American people.
Speaker 1 (12:21):
So what you're saying is to the question, you're saying one,
you're thinking it's gonna end up with Paramount. Two, you're
saying Paramount is better because he gives more competition, the
consumer wins.
Speaker 2 (12:29):
You want another strong playoff on the same page with
Disney and Netflix.
Speaker 1 (12:33):
I'm on the same page with you. Do you want
to play this clip real quick? When the president's being
asked about a rop. Thank you, mister, I did I
met with Ted?
Speaker 2 (12:41):
I think he's fantastic.
Speaker 1 (12:42):
I think he's in the history of Olive with has
really been almost you could say nothing like what he's done.
He'd go back to mab mayor maybe met Droug older Man, MGM.
Ted has done an incredible job. I mean, he had
a company that was very trouble seven or eight years
ago and he took it over and he's really being.
Speaker 2 (13:01):
A legendary job. Should already allowed to buy water butter?
Speaker 1 (13:05):
Should we have asked a question have a very big
market share, and when they have say this you know
that chair goes up a lot, so I don't know
that's going to be for some economists to tell.
Speaker 2 (13:15):
And also, and I'll be involved in that decision too.
I have a very big market share.
Speaker 3 (13:20):
Did he make any guarantees.
Speaker 1 (13:22):
To you or a by pause it right there? I'll
be involved in that.
Speaker 2 (13:25):
But he gave props to a guy he knows, Paul
gently putting the hand.
Speaker 1 (13:30):
Up, developer.
Speaker 3 (13:30):
We gotta look at this.
Speaker 1 (13:32):
He just handled it like a like a president. That'd
be a very large market share. If you love Christmas
as much as we do. Okay, we got three Christmas
trees in the house. It's a spectacle every Christmas one,
you know, Thanksgiving hands that that following Friday, I have
to carry this ten foot tree that weighs six hundred
pounds and the family waits for me to come through
and we get this big tree. We put it in
(13:53):
there and I go up the ladder. And I'm telling
you right now, every year I'm getting closer to falling. Okay.
I had it on the control at forty three, forty four,
at forty seven, Vinnie, I am so high. I'm so
high that if if a little bit it's slips I'm
falling on my back. We're doing podcasts out of a
wheel trap. Nobody's talking you, and it's always like, can
(14:15):
you put the star all the way up top? I'm like,
all the way trying to put this thing up. I
think there's something going on. It's like an inside job.
There's a story right there. No, no, no, it's it's
a blast. Obviously, everybody loves it, and Dylan loves decorating
the tree. I hope for those of you guys that
do as well. We we love Christmas and our Christmas
Merchant is officially out. And the hat that we couldn't
(14:38):
keep a single one of these guys were ordering fifty
of these at a time, Rob, can you zoom it
on that hat? This hat was such a massive hit
last year. We sold three thousand of them like this.
They were gone okay, and people were buying it as
Christmas gifts for others, and then they were sending it
to their clients, their friends. It says Merry Christmas. Future
(15:00):
looks bright on the bottom and on the side with
the VT logo, it's just a sick hat. We got
a few hats. One of the hats sold out, This
one that says, Merry christ Christmas. This one sold out.
This one's gone, but you have the red one, you
have the green one to choose from, and then that
one as well. Rob. You have this one. Uh, this
other one we have as well. If you want to
go to this one, Rob this Christmas on the bottom right, yeah,
(15:22):
right there, and then we have the Christmas if you
want to go and show Vinnie our model folks. Look
at our models wearing there and and these come with
a nice uh look at this, Look at this. This
is the that's that's the pajamas, right, the Merry Christmas pajamas. Obvious,
what the future looks bright. They're so super super comfortable.
(15:43):
Forget about the socks Vinnie's wearing that made it in there.
Those socks don't come with it, no, but they're modeling.
They look like a beautiful family. So if you want
your whole family to be wearing the the pajamas, the
Merry Christmas. We also got these sweaters here as well.
Speaker 3 (15:56):
Max's obvious.
Speaker 1 (15:57):
This is sick. Go to the teamers dot com place
your order and we decided for everybody that does it,
we just order a few thousand of these. You're going
to get the Value Team and Merry Christmas ornament that
we're going to give to you. End of item in
the future looks bright Santa Claus. Merry Christmas with any
order you place go to V teamers dot com place
(16:19):
your order and guess what. Kamala Harris doesn't want you
to say Merry Christmas and we don't mind saying it. Okay,
we don't mind saying it at all. Marry Merry Christmas
to you. If you enjoy this video, you want to
watch more videos like this, click here, and if you
want to watch the entire podcast, click here.
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