WEBVTT

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I'm Charlotte Henry. And, yeah, quiet. A few days in the world of Hollywood and media.

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So, luckily, Sean McNulty from there, we don't have anything to discuss, do we?

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No, exactly. I think we can talk about the weather, we can talk about some sports,

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you know, whatever, Premier League, whatever, any hot takes.

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I'm always happy to talk sports.

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Yeah, how, I mean, are the Yankees going to get over the line this year?

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We could do loads of, you know. A little bit more classic, yeah, exactly.

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Yeah, exactly. That's been quite fun. But, you know, we're discussing this on

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Monday, 16th of March, which is me hours Oscar everyone staggered home from

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the Oscars after parties.

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So, Sean McNally, did you get your dinner jacket on? Go to a good party.

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No, I was counting ads. So my ritual is to watch the show, the whole show,

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and not flip off to go watch something else and see who's buying ads in the show,

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what Disney's advertising, which I put a wrap-up in the wake-up last night to

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kind of just see what gets prioritized, what doesn't get prioritized,

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and where the money's in their mouth, and where their mouth is.

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It's a $2 million average ad buy for 30 seconds there, so kind of seeing who

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was spending the money last night.

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And who was it? What did you notice?

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It baffles me every... Well, it should baffle me every year,

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but Hollywood doesn't show up to advertise on their biggest night.

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This is the biggest single audience Hollywood and the movie business specifically gets every year.

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And we had one 15-second ad for a movie that wasn't a Disney or Disney Fox property,

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which is – it airs on ABC here and Hulu.

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So that's kind of in-house at the time.

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Nothing. We are six weeks out from the start of the biggest season of the year

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for the movie business into the summer movie season and crickets.

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And it baffles me that you have, we'll see what the final numbers are,

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but generally 19, 20 million people tuning in who presumably love movies and love going movie stars.

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And you give nothing to get them psyched for the big season ahead.

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And it just, you know, so that's, I always kind of tune in to see like,

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will anybody show up this year?

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It's always generally no and uh we

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had man and lauren and grogu of course that's a disney ad and we had

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the devil works product that also wisely showed up when we had anna

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on one tour last night on stage with anne

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hathaway which was kind of fun on the show for a little subtle plug with baby

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yoda in the audience uh these things which will go away yes things that will

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go away when uh it goes to youtube in 2029 so we'll see uh have to pay for that

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stuff we'll see what the changes are with that when it comes to play in a few

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years but that's bizarre to me,

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that movie makers don't want to advertise in front of people that love movies.

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Yeah, unless there's something at Disney. But, you know, again,

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Amazon did buy a 15-second ad for Project To Tell Mary, which is opening on

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Friday here in the States.

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Yeah, I just, you know, there's probably a rationale behind it that somebody

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could give you about this, but I can't figure out what that would be that you

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don't want to take advantage of.

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We have a Dune 3 trailer premiere coming, I think later this afternoon,

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I'm like, prestigious director, we have an Oscar nominee, it's a pretty popular, yeah.

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Couldn't it just take that as to watch the Dune trailer in the Oscars,

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like, you know, sort of going to get people hyped to the audience that is not,

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you know, all of these things that make no sense, that's where my point of view

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comes in, then there's the fashion, things like that, which other people can

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pontificate about, certainly.

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Oh no i like your fashion i want your fashion tape you do not trust me if you're

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on video you don't even need my fashion ships that's pretty obvious so yes exactly

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oh dear um but there was quite a lot of storylines that came out of the night

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i want to focus on the big things,

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which is matt berry's voice that was a fun little aside well we're obviously

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pretty aware of it here in the UK.

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He was a from London apparently so that's also technical feet there.

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Yeah we had Mighty Boosh. I think he did see the IT crowd.

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All these shows that I've watched but yeah he's pretty magnificent isn't it?

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Yeah it was a fun side. I think he did a great job having a lot of fun with Conan there.

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I have also seen super cuts of just Matt Barry saying stuff.

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I'm sure there's a rabbit hole you can go to on the illustrious YouTube if you

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want to. Yeah, yeah, yeah, no, it was.

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Yes, I was right, by the way. I thought I knew I wasn't going to Matt.

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The IT crowd, the mighty boosh, and a bunch of other stuff as well.

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But those are my two personal fave at Matt Berry moments.

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Um so how did the show go over because

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i feel like people are kind of every and i think you've been

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on this show before discussing it with me every year everyone's

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like no one cares about the oscars it's over the whole thing is over who cares

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the jokes are like blah blah blah blah blah here's coding over right yeah i

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mean sure the show starts at seven o'clock uh here in new york uh which is a

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different that's been a past couple of years now this has been a shift it was forever at 8 p.m.

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Eastern time. So, you know, to my clock, by the time from Conan walking out

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or the Conan coming up in his great weapons, Satisak Radio to open up the show,

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which I thought was fantastic, to the end.

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Final credits, it was three hours, I think 44 minutes.

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Yeah, that's the appropriate reaction, Charlotte, to that. You're listening

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on. You're just listening.

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Jump to YouTube. Jump to YouTube real quick. Yes, exactly. That is the correct

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facial expression to react to that stat.

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So, which is the thing I think you're talking about. It's just like, it's over stuff.

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There's things that are in there that, you know, I mean, the thing that always

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astounds me, and I'm not going to be the only person who has said this or will

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say this, is, you know, this is ostensibly to honor the artist.

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That is the center of this evening is to award, you know, honor the winners

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of these achievements. And perennially, the constant task of the show is to get them off the stage.

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There's a very horrific, just a bad look.

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In the best song winner last night, which went to Golden from K-Pop Demon Hunters,

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just blatantly cut this guy off after one minute.

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And I'm like, this is K-Pop Demon Hunters, arguably the most popular film in

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that entire show from an audience point of view.

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And you cut that one off.

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And those are the maddening things that kind of happen every year.

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And it becomes a gristmill to kind of just go and talk about it bad.

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But it's and then, you know, then there's just an hour, a minute and 40 seconds

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of like stilted presenter talk that is not needed.

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And it's more misses than hits, you know, in terms of how that stuff comes across.

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So all these choices are short, they go into the show.

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But the in memoriam, I think across the board was lauded.

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And rightfully so. I thought it really stood out last night,

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usually a segment, you know, that is in every award show.

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You know, this is a nice moment of reflection. but we lost a lot of really big

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names this year in movie business.

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So that was incredibly well handled, I thought, or well presented, I should say.

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So there were good moments, but again, how the Oscars or the Academy choose

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to use their time in this show still will confound people and we'll see if it

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manifests in the ratings or not.

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Let's, you've kind of led me to something I was gonna maybe avoid. Okay.

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But it's irritated me. I've seen lots of clips. All right.

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I don't care what actor XYZ thinks about World Affair XYZ.

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Thank you, partner. Thank the custom crew.

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Have a nice cry. Move on.

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Yeah, you know, it's, I don't know that there's, I don't know what I was expecting.

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You could have told me it would have been full of it last night or,

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you know, none of it. I don't think it was predominant, certainly.

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And there was a documentary which was about Russia and Putin.

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So you're going to have those categories where the films, there's a school shooting

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documentary about parents who lost kids.

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So you're going to have those elements and those categories come up. And rightfully so.

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And I thought those speeches were pretty well handled in terms of how it presented it.

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But then you get other just declarations of things by a few actors during the show.

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It's Hollywood. you know it's it's it does

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define the free speech we enjoy here and i

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do whether you you know scoff or don't and

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i get it but i will defend the right for anybody to who

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you want to use your time like that that is that is your your right to

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do it and i'm happy to see you do it does it make a more popular response to

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the show does it help the show you can argue those things people are not here

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uh for that kind of thing so yeah look i don't want to go full shut up and dribble

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but yeah there is you know yeah you're not a global a fez expert no.

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Yeah, there's certainly an element of, what are you going to,

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you know, okay, are you going to stand up?

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Are you not going to work with production companies or studios that don't align to your views?

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You're not taking checks from people? You know, how far are you not going with this?

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We're coming to that later. You can take this to an end degree here where,

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you know, put your money where your mouth is if you really believe in this stuff.

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And some people do. I don't say that they don't, but that's also something to

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kind of keep an eye on in terms of, you know, careers and how it goes.

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If people were not allowed to do it.

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Could we go from three hours, 44 to 44 minutes?

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Yeah, but I don't think it was. It wasn't that dominant of like,

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oh, my God, this is going on and on about like, you know, it was I thought it was.

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Yes, there were moments, but it wasn't like we get it, you know,

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or dominated the theme of the show.

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What was it? My takeaway from the show, I'll put it that way. The best or the most.

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I'll say that. That's totally fair enough. I actually think I've seen some stuff

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from the red carpet, which actually is more of that kind of thing. I would think so, yeah.

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Maybe I'm being a bit mean. Yeah, and I did not watch, to be clear,

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I did not watch the red carpet.

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I just watched the show, so I

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didn't see all the preamble. You had some other things to do in your day.

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I had some. Well, I had to clear out four hours of my schedule,

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so I knew I had to get everything else done beforehand.

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I couldn't leave in that time. One day in New York, there were things to do.

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There were things going on on the weekend, yes, exactly. Very good.

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Let's actually talk about people that won stuff and didn't win stuff.

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For you, were there any great shocks in any of this? Let's just do the – should

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I do the big hitters quickly?

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Best Picture, One Battle After Another.

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Best Actress, Jessie Buckley for Hamnet. Best Actor, Michael B. Jordan in Sinners.

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Best Supporting Actress, Amy Madigan for Weapons. and best portability actor

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Sean Penn for one battle after another, and best director Paul Thomas Anderson

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for one battle after another. Those are the big ones.

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Any shocks in there?

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Sinister, I thought, was going to clear the board. That was the story and the

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narrative I was hearing before.

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It's only Michael B. Jordan, right, that won one of the big six or whatever, seven awards?

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Yeah, a cooler one for Screenplay, so you could put that. And at 100% of photography,

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which is probably, among the punditry, that seemed to be the one that was a

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mild surprise. Now that Sinners is a beautiful movie, you know.

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So that did win in other categories. Maybe not the top five,

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big six, whatever you want to call them, but certainly the next hero of awards there.

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As you say, it is Ryan Coogler for Sinners.

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And then, as it happened, one battle after another, best adapted screenplay.

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Yep, yep. If you care about the score, which I'm a bit of a musician, that's what I do.

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That also went to Sinners, as did, as you say, cinematography from all the characters around Acapul.

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Yeah, so it had a good presence in the show. It wasn't like,

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oh, we've got blanked or something like that.

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After getting the most nominations ever, right? Right, right. So, you know, I get it.

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And it's like I was probably, if you asked me what I was rooting for, Best Picture to win.

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And I could see that scenario groundswell if it was the more popular movie overall, et cetera.

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But, you know, One Battle was winning everything leading up to it.

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So there wasn't like a, you know, in terms of the Best Picture of all the,

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you know, PGA and all the other things that preceded at Golden Globes, et cetera.

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So not a total surprise, but, you know, if you look at the, you know,

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the Calciades, the Polymarketed odds, all those actor winners were,

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there was not a surprise in the bunch as far as I saw there.

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So, you know, nothing's boring per se, they all deserved it,

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but there was no real like, oh my God, this was unexpected kind of thing.

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There was no, there was no Raoul's surprise.

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Yeah, because, I mean, interesting, Apple got in there as well into the Best

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Picture nominations for F1 in the movie, which is quite a big deal for them.

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Yeah, and they won on, I think, some editing and sound, which,

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you know, fantastic, well-deserved awards for sure.

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Yeah, and it's quite a big deal for them. Well, I'll talk about this next TV Plus talk.

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But so there was quite a lot there. Were you surprised Marty Supreme didn't get any?

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I mean, there was so much talk about it earlier, you know, a few months ago, wasn't there?

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Yeah i mean it did very very well at the bus office and that was a big thing

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exactly you know so it got up to almost or 100 million ish uh so yeah i don't

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mean to do well on streaming,

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uh yeah it'll hit it's gonna be on hvmx here i'm not sure where you know it'll

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be uh elsewhere in the world but

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um yeah i you know uh it was the chalamet show and he kind of you know uh,

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by most accounts not flubbed it but certainly was just like well I don't know that he landed his plane.

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Obviously he's been lauded before so I don't you know it is what it is but he certainly had more heat,

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in December and early January and I think you're 100% right about oh my god

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this is amazing yeah I felt like there was either side of Christmas it was all

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anyone was talking about yeah and you know this competition had come out in

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April and September so he was the new you know he had that momentum going into

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you know the heart of Oscar season,

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if you will, compared to the competition, certainly for Sinners,

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which again was in April release last year.

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So that's the only real surprise. I don't know that anything else in a category

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would have been the Safdies and maybe some more costume or cinematography stuff.

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I don't know that it wasn't winning the awards, the other precursor awards,

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so I don't know that it was a big surprise not to be winning there at all during the night.

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A couple of other Oscars points I want to pick up. There was a new category

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this year for the first time in a while for casting.

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I've been reading into this amazing. You know, I do actually sometimes prepare for the show.

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And my understanding was this has been something that the industry has been

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pushing for for a while for recognition in this space.

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Because, I mean, in Hollywood, having a good cast on a project is a really big deal.

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Yeah, it's kind of a hidden role in a sense. I mean, we know casting directors

00:15:47.668 --> 00:15:53.188
exist, et cetera, but the importance of really having a real voice in the room

00:15:53.188 --> 00:15:54.648
to advocate for casting.

00:15:54.828 --> 00:15:58.648
And movies, you know, a lot of elements go into the success of a film,

00:15:58.728 --> 00:16:04.848
but you can see somebody in the wrong role can entirely ruin an otherwise good movie. Exactly.

00:16:05.188 --> 00:16:09.788
So someone like Chase Infinity in one battle, like finding – that's a big bet.

00:16:10.308 --> 00:16:14.288
I don't know. It was their first feature leading role.

00:16:14.288 --> 00:16:17.148
So it's like, all right, that's, you know, so you're putting that,

00:16:17.188 --> 00:16:21.228
that is a casting director, seeing someone, you know, something in someone and

00:16:21.228 --> 00:16:24.608
putting their, you know, reputation or their, whatever you want to call it,

00:16:24.648 --> 00:16:26.608
you know, on the line with, with the, with the studio,

00:16:26.888 --> 00:16:29.568
with the director, with the, even the, the woman who won was just like,

00:16:29.648 --> 00:16:31.128
I know some of you departments, you know,

00:16:31.548 --> 00:16:35.308
kind of hate me sometimes because I'm really involved in these other aspects.

00:16:35.308 --> 00:16:38.728
It's not just like, oh, looking at headshots and talking to somebody in a room

00:16:38.728 --> 00:16:40.208
with a camcorder kind of thing.

00:16:40.288 --> 00:16:42.468
Or even now it's, you know, over Zoom or whatever it might be.

00:16:42.628 --> 00:16:44.308
So even that's kind of out the board.

00:16:44.948 --> 00:16:49.168
So, yeah, there's been a lot of advocacy to, you know, reward this.

00:16:49.348 --> 00:16:52.688
You know, everything else has costume and, you know, cinematography.

00:16:53.008 --> 00:16:55.748
There's other categories to have recognition. Casting never did,

00:16:55.868 --> 00:16:57.248
which is a major component.

00:16:57.388 --> 00:17:00.368
If you watch the credits of any film, the casting director is one of the lead

00:17:00.368 --> 00:17:04.148
credits on it. It was never recognized by the Academy. So nice to see.

00:17:05.468 --> 00:17:09.988
I was slightly surprised when I heard it hadn't been recognised because I don't

00:17:09.988 --> 00:17:14.248
see that it's less important than things like costume, hair and make-up,

00:17:15.065 --> 00:17:18.945
Agitation photography. A couple of other bits.

00:17:19.165 --> 00:17:23.745
There was quite a dramatic moment, wasn't there? When there was a tie for the first time in forever.

00:17:24.585 --> 00:17:31.165
Yeah. That was in the best live action short. The thing is, at two people exchanging saliva. Mm-hmm.

00:17:31.865 --> 00:17:36.705
Mm. Can we talk about that tie? No. Oh, well. I'm quite worried what a live

00:17:36.705 --> 00:17:40.725
action short with that tie would contain. But anyway, they tied.

00:17:41.005 --> 00:17:43.025
And this hadn't happened for a long while.

00:17:43.705 --> 00:17:45.045
Yeah, it's pretty rare to see

00:17:45.045 --> 00:17:48.705
this. The Kumi-Anon Sian, who was the presenter, handled it rather well.

00:17:49.265 --> 00:17:51.385
And having some fun with it, that was a good person to have,

00:17:51.385 --> 00:17:53.825
you know, on their feet to handle that moment.

00:17:54.705 --> 00:17:58.165
Yes, he did very well. He was like, no, I'm not joking. Exactly.

00:17:58.425 --> 00:18:01.365
And the irony of having, you know, two speeches for the best short category,

00:18:01.625 --> 00:18:03.525
you know, things like that, that, you know, disappointed.

00:18:05.285 --> 00:18:09.225
So, yeah, you know, it's like fun. It'll be a fun fact in Oscar history kind

00:18:09.225 --> 00:18:12.025
of moment, certainly. but added one more speech to the night,

00:18:12.125 --> 00:18:13.425
but that's, you know, it is what it is.

00:18:15.485 --> 00:18:19.385
I always am interested, as you know, in the streaming elements of this.

00:18:20.285 --> 00:18:23.865
And it was a huge deal. I put this in my book. I put this in streaming wars.

00:18:24.005 --> 00:18:29.685
When Apple beat Netflix, when they did, it was Best Picture of the Apple one,

00:18:29.785 --> 00:18:32.485
wasn't it? Coda, yeah. For Coda, exactly.

00:18:33.325 --> 00:18:36.705
And I mean, we could debate whether that was an actual Apple movie or not because

00:18:36.705 --> 00:18:39.785
they picked it up at Cannes, but they claimed the credit for it.

00:18:39.785 --> 00:18:41.105
Yes, they get the points. They get the points.

00:18:41.285 --> 00:18:43.745
It was a huge deal, because Netflix had wanted that for years,

00:18:43.965 --> 00:18:47.445
and Apple became the first streamer to pick up that prestigious award.

00:18:47.745 --> 00:18:49.905
How did the streamers perform this year, do you think?

00:18:50.696 --> 00:18:56.856
Um, pretty, I mean, Netflix, Frankenstein won all the awards we just mentioned,

00:18:57.056 --> 00:19:00.856
the, you know, the costume and those kinds of production awards,

00:19:01.136 --> 00:19:04.596
if you will, you know, best makeup, best costume.

00:19:05.036 --> 00:19:09.196
Yep. So they had a presence, you know, in the show. It was just in those categories.

00:19:09.636 --> 00:19:13.656
Train Dreams was nominated for a lot. I don't think it won any. I don't believe.

00:19:13.896 --> 00:19:16.616
I love that movie. I thought it was great to another great shop.

00:19:16.616 --> 00:19:20.076
But they also bought that movie that wasn't, you know, an in-house movie for them either.

00:19:21.116 --> 00:19:23.136
Trading Dreams, that is Frankenstein, was produced there.

00:19:24.356 --> 00:19:26.736
So, you know, the saga continues.

00:19:29.316 --> 00:19:34.996
And they tightened the rules about actual cinematic windows, haven't they?

00:19:35.516 --> 00:19:38.536
Yeah, they've added a few things, nothing that's insurmountable.

00:19:38.656 --> 00:19:40.716
You had to go into a few more cities and things like that.

00:19:40.796 --> 00:19:43.256
It wasn't anything like, oh, my God, it's going to be so, especially for a company

00:19:43.256 --> 00:19:47.076
with the pockets of these, the tech streamers, It's not a real big deal.

00:19:47.176 --> 00:19:48.396
That would be okay. Yeah.

00:19:49.056 --> 00:19:52.616
But Amazon had nothing on the table this year. It said F1, you know,

00:19:52.716 --> 00:19:54.096
right? Apple had a couple of the wins.

00:19:55.316 --> 00:19:59.056
And so they had a presence, but certainly were not. I mean, it was Warner Bros.

00:19:59.096 --> 00:20:00.516
Year overall, but it certainly was.

00:20:00.756 --> 00:20:05.996
You know, there was not a last year. Amelia Perez was a big movie going into the show, at least.

00:20:06.796 --> 00:20:09.596
So it's a far bigger presence last year.

00:20:09.736 --> 00:20:13.716
Again, a film they acquired, you know, out of Cannes the year before.

00:20:13.716 --> 00:20:17.916
So it still means something to Netflix. These films are not heavily watched.

00:20:18.356 --> 00:20:22.696
I break down the film chart every week in the wake up, and they're...

00:20:24.648 --> 00:20:28.928
Minimal, you know, viewership in terms of compared to the rips of the world

00:20:28.928 --> 00:20:33.408
or people who meet on vacation or, you know, name other Netflix films that are widely watched.

00:20:34.008 --> 00:20:36.348
So it's a business they like being in.

00:20:37.128 --> 00:20:41.688
Again, it's for the kind of the prestige. My colleague Richard Rush will say

00:20:41.688 --> 00:20:45.408
everybody comes into Hollywood to literally be at this show and to win awards,

00:20:45.408 --> 00:20:47.608
you know, is a big part of the reason my buddy buys a studio.

00:20:47.888 --> 00:20:50.948
So they're still playing. They haven't abandoned it. And Amazon,

00:20:51.108 --> 00:20:54.148
you could argue, never really kind of stepped their tone for a while,

00:20:54.248 --> 00:20:56.828
but they really haven't been a major player in this field.

00:20:56.928 --> 00:20:59.448
I guess that's the only real outlier, Charlotte, of the big tech players you

00:20:59.448 --> 00:21:00.588
could probably make a case for. Yeah.

00:21:01.310 --> 00:21:04.090
You mentioned Warner Brothers Discovery. That's because you're a pro,

00:21:04.250 --> 00:21:05.630
because it's what we're going to discuss next.

00:21:05.790 --> 00:21:10.730
I just want to mention MacPool, who are supporting the show with their product, CleanMyMac.

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00:22:25.950 --> 00:22:28.770
And now I'm here with your one after. You mentioned just before I was talking

00:22:28.770 --> 00:22:33.790
about Clean My Mac, all about Warner Brothers Discovery. You mentioned it.

00:22:34.390 --> 00:22:37.830
We finally got, and we mentioned Netflix as well, and we finally got to the

00:22:37.830 --> 00:22:39.970
end of the saga. Please, haven't we? Thank you.

00:22:41.850 --> 00:22:44.870
Sean. End of the saga. What are you talking about? Sean.

00:22:46.070 --> 00:22:50.150
We know now that it's going to Paramount. We know it's not going to Netflix, right?

00:22:51.250 --> 00:22:55.290
Unless the government has something, or the EU over there has something to say about it.

00:22:55.950 --> 00:22:59.590
We're not in India anymore. Well, I mean, over there, across the pond over there.

00:22:59.770 --> 00:23:01.890
So, you know, yes, yes, yes, exactly.

00:23:02.270 --> 00:23:09.770
So, you know, so I would say, you know, yes, all signs point to yes for a deal to go through.

00:23:10.010 --> 00:23:13.610
But there's a lot of, you know, there's still rumblings out there.

00:23:13.810 --> 00:23:18.070
Charlotte, nothing has materialized at this point. Even the individual states

00:23:18.070 --> 00:23:21.290
here, California in particular, the attorney general has, you know,

00:23:21.350 --> 00:23:24.630
made some statements that there may be challenges coming to it.

00:23:26.290 --> 00:23:29.690
So not, you know, again, there has been a shareholder about things like that.

00:23:29.730 --> 00:23:33.510
So there are steps in the process of what I'm alluding to and that this isn't a done deal.

00:23:33.590 --> 00:23:36.350
It's not done until you get the keys, you know, so we'll see.

00:23:36.570 --> 00:23:39.090
But don't do this to be sure. And I can't write anymore.

00:23:39.330 --> 00:23:41.990
Don't I have the one I'm the one who has to sit here and really live with it,

00:23:42.090 --> 00:23:43.790
you know, on a day to day basis for another.

00:23:44.610 --> 00:23:47.710
I mean, they say, you know, they're saying this. I agree so many newsletters

00:23:47.710 --> 00:23:48.890
about it. I can't do it anymore.

00:23:49.270 --> 00:23:52.430
Yeah, I'm glad to have a nice break for a couple of weeks here and talk about

00:23:52.430 --> 00:23:53.510
the Oscars and things like that.

00:23:53.510 --> 00:23:57.150
But end of September is what they've said to this deal will close by.

00:23:57.750 --> 00:24:03.130
So about six months, you know, if they're on deadline, you know, so we'll see. Yeah.

00:24:03.830 --> 00:24:09.150
One of the key parts of the row is CNN and CBS News.

00:24:10.997 --> 00:24:15.177
Which might end up as part of the same thing. What does that happen?

00:24:15.477 --> 00:24:18.657
And, of course, this means people are talking about Barry Weiss.

00:24:18.817 --> 00:24:23.937
Now, I can't quite work out what offends people about the gay,

00:24:24.217 --> 00:24:27.477
Jewish, center-right, rich journalist.

00:24:28.357 --> 00:24:30.577
But something seems to, Sean.

00:24:31.477 --> 00:24:36.077
Yeah, not a favorite of the media community. We'll put it that way,

00:24:36.137 --> 00:24:37.677
especially here in New York.

00:24:39.517 --> 00:24:43.457
As I said, it just can't work out what that might be. or someone who has zero

00:24:43.457 --> 00:24:48.257
broadcast television experience taking over a broadcast news division and said

00:24:48.257 --> 00:24:52.817
now potentially the world's largest, you know, uh,

00:24:53.357 --> 00:24:57.577
arguably news service or some TV, uh, especially from a news gathering capacity,

00:24:57.577 --> 00:25:00.897
you know, point of view and, and, uh, reach a hundred percent in CNN.

00:25:01.477 --> 00:25:07.497
So you're putting all this under the purview of someone who has had zero experience with any of this.

00:25:07.517 --> 00:25:13.297
Um, So, I take more offense from a managerial point of view than any ideological point of view.

00:25:13.637 --> 00:25:16.577
I think it's very important, but I also just think if you've ever worked inside

00:25:16.577 --> 00:25:20.417
of a company and spent many years inside of HBO and Time Warner,

00:25:20.597 --> 00:25:24.657
and you have a new management coming in who has no idea what they're talking about,

00:25:25.417 --> 00:25:28.297
that's always terrible for morale and things that have new ideas,

00:25:28.417 --> 00:25:29.397
it's going to change the business.

00:25:31.351 --> 00:25:35.031
I don't know, I guess we're three months into the new CBS Evening News revamp,

00:25:35.051 --> 00:25:39.631
and I've seen zero mention of the show. I'm sure it's still in the basement in the ratings.

00:25:40.151 --> 00:25:42.851
You know, all these things. What could we do to change the 6.30 p.m.

00:25:42.851 --> 00:25:46.011
News at night? And it's like, what year are you living in?

00:25:46.151 --> 00:25:50.431
This is not how, you know, news. And to her point, she's, I guess,

00:25:50.831 --> 00:25:52.371
she's like, we need to be more digital.

00:25:52.551 --> 00:25:55.251
We need to break out of it. Yeah, she surely writes about that.

00:25:55.471 --> 00:25:58.511
Yeah, and 100%. CNN is the same issue. You know, I mean, listen,

00:25:58.631 --> 00:26:01.711
these are two declining assets. You're combining them together,

00:26:01.891 --> 00:26:05.011
that's great. If you ask Mark Thompson, by the way. Yes, the head of CNN.

00:26:05.631 --> 00:26:09.291
Yeah, the head of CNN. Okay, he had BBC Express, then he was at the New York Times.

00:26:10.551 --> 00:26:14.411
He even makes similar points about shaking things up, about going digital.

00:26:16.075 --> 00:26:19.495
I mean, there might not be an answer, is the thing. I mean, you know, and Mark's a smart guy.

00:26:19.595 --> 00:26:25.215
Mark is one of the leaders that turned around, you know, set the fortunes for the New York Times.

00:26:25.395 --> 00:26:28.555
It's like he was, the Iowa put the paywall in and put big moves that we kind

00:26:28.555 --> 00:26:29.695
of take for granted at this point.

00:26:29.815 --> 00:26:32.875
But without that, you can't imagine the Times would be, you know,

00:26:32.995 --> 00:26:35.575
probably a very perilous decision if they had made those decisions,

00:26:35.795 --> 00:26:38.335
you know, almost 10, 15 years ago at this point.

00:26:38.415 --> 00:26:41.235
So he's been there to be that transition that was more newspaper,

00:26:41.495 --> 00:26:46.075
print newspaper to digital. And now he's at this, you know, beyond the cusp

00:26:46.075 --> 00:26:50.615
of linear television to digital, which is, you know, way beyond the horses out

00:26:50.615 --> 00:26:52.135
of the barn at this point about that.

00:26:52.275 --> 00:26:55.555
But they launched CNN, DDC subscriber product.

00:26:55.775 --> 00:26:59.215
I've seen zero stats made for it in terms of subscribers or revenue.

00:27:00.475 --> 00:27:04.715
I'm trying to take a long time to get there. Yeah, well, they had the CNN Plus

00:27:04.715 --> 00:27:06.575
debacle, which came in once and

00:27:06.575 --> 00:27:09.375
that kind of played out with the change in management with Chris Licht.

00:27:09.455 --> 00:27:12.175
And then that's what brought Mark in. And so they had some, you know,

00:27:12.235 --> 00:27:17.035
this is all as is the 2020s, as this was, you know, so like time waits for no man in this.

00:27:17.275 --> 00:27:20.715
The bleed of cable is not stopping just because you can't get your act together

00:27:20.715 --> 00:27:22.615
in a certain amount of time.

00:27:22.875 --> 00:27:27.115
So, yeah, but what, you know, who's paying for new? What do you pay for this stuff?

00:27:27.315 --> 00:27:30.955
You know, the CNN audience and all the cable networks, it's,

00:27:31.055 --> 00:27:34.175
you know, the median age is 68, 69 years old.

00:27:34.315 --> 00:27:38.055
It's like you're going to get 18 year olds to pay for news. I don't know.

00:27:38.255 --> 00:27:42.135
What's the what's the business model on this? The cable model is a very,

00:27:42.155 --> 00:27:46.655
very lucrative model for many years, and the chances of replicating that money

00:27:46.655 --> 00:27:47.735
in digital are very slim.

00:27:48.395 --> 00:27:53.535
I mean, Jeff Sarkar famously, the former head of CNN, was trading linear dollars

00:27:53.535 --> 00:27:56.995
for digital dimes, I think, was his analogy on it.

00:27:57.235 --> 00:28:03.595
And when you want to pay Anderson Cooper $700 million a year and his other names,

00:28:03.775 --> 00:28:05.615
that's linear money that's supporting that.

00:28:05.735 --> 00:28:08.355
That is not CNN.com. It is not CNN streaming service.

00:28:08.535 --> 00:28:11.275
It's not that kind of math. Who left.

00:28:11.862 --> 00:28:16.842
CBS 60 Minutes. Yes, he is CNN only. He was spending more time with his family's show.

00:28:17.002 --> 00:28:20.162
So that was literally, I think, the line that was put out there.

00:28:20.402 --> 00:28:24.182
But now he'll be working back under CBS News. So we'll see how that goes.

00:28:25.822 --> 00:28:31.462
I mean, we could talk about this. I could chat about the sort of Barry Weiss

00:28:31.462 --> 00:28:36.062
obsession for a long time, but I'll resist. Okay.

00:28:36.902 --> 00:28:41.862
What else do you think is significant about this deal? So I heard,

00:28:42.282 --> 00:28:45.642
didn't Paramount say they put out 30 movies a year?

00:28:46.202 --> 00:28:51.462
Yeah, so Ellison's now been on the record several times saying that Paramount

00:28:51.462 --> 00:28:53.922
and Warner Brothers, so Warner Brothers will,

00:28:54.322 --> 00:28:57.782
this is under my companions of the Sinners in one battle, they both put those

00:28:57.782 --> 00:29:03.122
movies out last year, will combine to put out 15 theatrical films a year.

00:29:03.422 --> 00:29:06.442
So at Paramount it hasn't...

00:29:06.947 --> 00:29:10.547
Where did the third she come from? So it's roughly 14 from Warner,

00:29:10.727 --> 00:29:13.447
16 from Paramount as well. He's kind of breaking it down to this point.

00:29:13.607 --> 00:29:17.307
That makes us evolve over time, obviously. But he said 30 movies a year.

00:29:19.027 --> 00:29:24.267
Paramount hasn't put 10 movies out in a year, and I can't even remember.

00:29:24.467 --> 00:29:32.847
So he's guaranteeing 16 this year. I think they have eight or nine dated so far.

00:29:32.887 --> 00:29:35.667
So they've got to double their slate. We're here in March.

00:29:36.027 --> 00:29:39.067
I'm like, all right, you're going to be jib-hacking that last second half of

00:29:39.067 --> 00:29:41.887
the year here with new movies, which is great. I'm not saying he won't,

00:29:42.007 --> 00:29:43.927
and it's not impossible to do.

00:29:44.207 --> 00:29:46.627
It's just like, all right, you have a system built.

00:29:47.107 --> 00:29:50.947
I mean, I'm talking marketing distribution. You're in-house staff to service

00:29:50.947 --> 00:29:53.487
eight to nine movies, the actual movie is a year.

00:29:53.647 --> 00:29:58.127
You're now going to be doing 16 this year. And look, maybe that's more jobs.

00:29:58.947 --> 00:30:01.827
We will see. But he said it.

00:30:02.667 --> 00:30:05.607
He's definitely on the record about it, and we'll see if the numbers come through.

00:30:06.167 --> 00:30:11.727
Warners has been ramping up and hiring and to get to a higher level, maybe more like 12 to 14.

00:30:12.207 --> 00:30:18.087
So that one, if it continues as is, you know, sure, they can hit that number

00:30:18.087 --> 00:30:22.107
and it will be great for the movie business, you know, since to have the parents out there. Uncynical.

00:30:23.107 --> 00:30:25.087
Unscethical. The films have to make money. I mean, you know,

00:30:25.207 --> 00:30:28.407
so you can put, you know, they have two years of bombs or 30 years of movies

00:30:28.407 --> 00:30:29.907
a year and you're like, we're losing a lot of money.

00:30:30.007 --> 00:30:34.127
We're going to be cutting back, you know, so the movie business is always a very fluid thing.

00:30:34.227 --> 00:30:38.627
Charlotte, but we also have Universal Pictures, you know, now changing course

00:30:38.627 --> 00:30:44.767
to put their films in theaters for 45 days, starting next year exclusively, so they were famously,

00:30:45.458 --> 00:30:50.298
You know, the studio that had the shortest theatrical windows for the 2020s since COVID.

00:30:50.618 --> 00:30:54.058
And that's going to be a big shift also. So I, you know, I broke this down to

00:30:54.058 --> 00:30:56.358
wake up last week and I'm a little more optimistic about this.

00:30:56.458 --> 00:30:59.158
And I can see, you know, whenever I talk about this, I see the look of like

00:30:59.158 --> 00:31:01.298
Rivero and people's faces.

00:31:01.518 --> 00:31:04.418
But, you know, I do. I am giving you a distinct.

00:31:06.518 --> 00:31:10.858
When I write in the newsletter, I can feel it already. But I just see that.

00:31:11.018 --> 00:31:12.378
All right. And I'm a believer in the business.

00:31:12.698 --> 00:31:16.018
And, you know, I will put that on the record. is that's my bias toward it.

00:31:16.178 --> 00:31:20.138
But when those are back, the product, how much product we're back,

00:31:20.278 --> 00:31:23.778
you have Amazon, MGM this year, filling that extra studio slot.

00:31:23.898 --> 00:31:27.798
They're targeting about 13 films, I think, this year, something like that so far.

00:31:28.258 --> 00:31:31.738
So you have a new studio, ostensibly, that was not there. They've been doing

00:31:31.738 --> 00:31:34.158
a handful of films a year previously.

00:31:34.658 --> 00:31:39.538
So again, getting that habit back of moviegoers, just like making moviegoing

00:31:39.538 --> 00:31:43.858
an activity that you'll have consistent product, new product.

00:31:43.858 --> 00:31:47.678
And bravery products coming to theaters all the time to different audiences.

00:31:48.018 --> 00:31:52.638
Maybe we'll get some comedy, Charlotte. I'm still holding on hope for that one. I love a comedy.

00:31:52.898 --> 00:31:56.398
I'm looking forward to all the Oracle AI produced movies.

00:31:58.865 --> 00:32:04.265
We'll see. AI is still this thing out there. I understand it's coming.

00:32:04.405 --> 00:32:05.225
I understand the tech of it.

00:32:05.745 --> 00:32:10.925
I just hope that, you know, the audiences will tell you if the films feel overly

00:32:10.925 --> 00:32:15.045
AI'd and produced and just not shot in any semblance of a real world and just

00:32:15.045 --> 00:32:19.425
don't bite anymore, they will not come to the movies. So the proof's in the audiences.

00:32:20.365 --> 00:32:23.605
What are the other bits? We've discussed the news element. We've discussed the

00:32:23.605 --> 00:32:27.525
movie element, which to me are the two big things in this mixture.

00:32:27.525 --> 00:32:30.785
What other bits will you be keeping an eye on as this goes forward?

00:32:31.565 --> 00:32:35.365
I mean, the job loss is just – that's the leap for me.

00:32:35.485 --> 00:32:37.425
I mean, honestly, you know, yeah. I mean, all these things you're talking about

00:32:37.425 --> 00:32:40.765
when you're combining CBS News and CNN, it's like, well, you're combining resources,

00:32:41.005 --> 00:32:43.645
you know, the – That means people losing their jobs.

00:32:43.905 --> 00:32:48.945
Yes, exactly. So the duplicative nature of the deal, the only thing that one

00:32:48.945 --> 00:32:51.525
of those discoveries doesn't have that Paramount doesn't have is a broadcast network.

00:32:51.765 --> 00:32:55.705
So, like, if you're at CBS, you're probably relatively safe because there's

00:32:55.705 --> 00:32:57.965
no other broadcast network coming to it.

00:32:58.005 --> 00:33:01.845
But you're combining two large groups of cable TV networks, you're combining

00:33:01.845 --> 00:33:05.905
two TV production studios, you're combining two movie studios,

00:33:06.085 --> 00:33:07.485
you're combining two streamers.

00:33:08.505 --> 00:33:12.305
This is the Noah's Ark thing. It's like, well, we don't need two ESO,

00:33:12.405 --> 00:33:14.905
which one are you keeping, these two executives kind of thing.

00:33:15.481 --> 00:33:20.101
It could be a lot of that. They have a lot of cost cuts, a lot of promised cost

00:33:20.101 --> 00:33:23.181
savings, I should say, sorry, promised in this deal.

00:33:23.481 --> 00:33:26.621
That is how you get cost savings. I know they've said the majority will not

00:33:26.621 --> 00:33:31.981
be, but when you're talking about at least $6 billion of cost savings,

00:33:32.161 --> 00:33:37.201
that's the minority would be, you could have $2.5 billion in layoff costs,

00:33:37.341 --> 00:33:39.461
and it still not be the majority of the cost savings.

00:33:39.661 --> 00:33:42.001
It's like, understand the language that's being put out there.

00:33:42.001 --> 00:33:45.941
Like, well, it wasn't the majority, but you want to look at what $2.5 billion

00:33:45.941 --> 00:33:50.841
of layoffs look like. I mean, you know, your head's going to spin.

00:33:50.981 --> 00:33:54.641
So I think the combined employment is somewhere around 50,000,

00:33:54.641 --> 00:33:56.081
55,000 people globally.

00:33:56.281 --> 00:34:02.401
So in a year's time, maybe 12 to 18 months, we will see what that number nets out to.

00:34:02.541 --> 00:34:06.101
But that's going to be the, you know, we've seen a lot of layoffs here.

00:34:06.321 --> 00:34:09.581
This isn't sadly anything new for the past, you know, three years.

00:34:09.581 --> 00:34:14.361
Hey, you were on the show regular times.

00:34:14.501 --> 00:34:17.481
You're telling me about what was happening with the strikes,

00:34:18.041 --> 00:34:24.021
which is ultimately about one of the key things was layoffs and the use. It comes sided.

00:34:24.541 --> 00:34:29.181
Yeah, yeah. Exactly. So it will be interesting to see what are those issues

00:34:29.181 --> 00:34:30.541
this deal picks up as well.

00:34:31.161 --> 00:34:33.581
Yeah, we are in the middle of deal negotiations here.

00:34:34.801 --> 00:34:39.421
Oh, no, not yet. I'll be back. Yeah, but we're a lot more optimistic this time.

00:34:39.581 --> 00:34:44.741
SAG just finished up, well, they just ended WGA Star Aesthetic and we're recording on Monday.

00:34:45.761 --> 00:34:50.481
So SAG, well, they reportedly got close. It's been pretty much, which is also good.

00:34:50.621 --> 00:34:54.021
There's not a lot of leaks, which also signed, you know, last time it was just Leak Central.

00:34:55.261 --> 00:34:59.141
So it seems like calmer heads are prevailing so far.

00:34:59.281 --> 00:35:02.881
We should also say we have a ways to go. This will extend into June between

00:35:02.881 --> 00:35:04.301
the three guilds of these talks.

00:35:04.641 --> 00:35:08.461
So we'll see how the WGA does here in the next, I think, four to six weeks is

00:35:08.461 --> 00:35:12.001
their window. So we shall see. But keep a good thought, Shirley.

00:35:12.574 --> 00:35:15.994
Oh, I'm so excited to have you back in four to six weeks. Disgusting.

00:35:18.474 --> 00:35:23.214
Sean McNulty from The Wake Up from The Ankler. I'm so pleased to have you here.

00:35:23.534 --> 00:35:25.754
Tell people where they can keep up with all the great work you do.

00:35:26.174 --> 00:35:29.814
Yes, you can subscribe to The Ankler over at TheAnkler.com.

00:35:29.954 --> 00:35:34.194
You can follow on the socials, very active on Instagram, particularly at The

00:35:34.194 --> 00:35:35.434
Ankler is the handle there.

00:35:35.814 --> 00:35:40.414
You can find me on LinkedIn. It seems I'm the old LinkedIn guy at The Ankler.

00:35:40.534 --> 00:35:42.394
So I'm Sean, S-E-A-N, McNulty.

00:35:42.994 --> 00:35:45.614
On LinkedIn, you can find me there to connect and say hi.

00:35:46.494 --> 00:35:49.594
And of course, The Anchor has a great podcast as well. We do have a podcast,

00:35:49.774 --> 00:35:53.434
yes, in our world. So The Anchor Agenda, hosted by Elaine Lowe. I am on that as well.

00:35:53.594 --> 00:35:56.934
You can subscribe to that where you like. Just search for Anchor Agenda.

00:35:57.854 --> 00:36:01.814
Great stuff. I'm at Charlotte A. Henry across the socials.

00:36:01.914 --> 00:36:06.194
If you're listening to this, I hope you'll subscribe to the newsletter at theedition.net.

00:36:06.394 --> 00:36:10.154
If not, what are you doing? Head over there. the edition.net for blog posts

00:36:10.154 --> 00:36:15.474
podcasts and newsletter subscriptions sean thank you once again for being on

00:36:15.474 --> 00:36:17.014
the show and i'll see you all next week.

