BIG BUSINESS OF ENTERTAINMENT,
CONTENT BECOMING MORE IMPORTANT.
WE'RE SEEING THAT WITH THE
GROWING POWER OF NETFLIX AND
AMAZON.
NETFLIX'S NEW FILM, BIRD BOX,
BROUGHT 80 MILLION VIEWERS IN
THE FIRST MONTH.
AMAZON PRIME REACHING
100 MILLION VIEWSERS IN THE
UNITED STATES ALONE.
JOINING US RIGHT NOW IS MEDIA
VENTURES PRESIDENT, SANDY
KLIMAN.
GREAT TO SEE YOU.
>> THANK YOU.
TO NOTHING LIKE A BRISKER ALPINE
BREEZE TO GET THE CREATIVE
JUICES FLOWING.
MARIA: THIS HAS TO BE AN
INCREDIBLE MOMENT FOR YOU AND
YOUR BUSINESS.
WE'RE TALKING ABOUT CONTENT IS
KING.
YOU'VE GOT NETFLIX SPENDING 12,
$13 BILLION ON CONTENT.
>> AMAZON NOT FAR BEHIND.
IT IS TRULY A NEW GOLDEN AGE IN
ENTERTAINMENT.
AND THE EXCITING PART IS THAT WE
HAVE THE GREATEST WRITERS
TURNING OUT THE GREATEST
SCRIPTS.
ONCE UPON A TIME WE TRIED TO
DUMB EVERYTHING DOWN BECAUSE WE
WANTED FOUR QUADRANTS OF
ENTERTAINMENT.
I THINK HOLLYWOOD FIGURED OUT
TWO THINGS.
ONE, THAT THE AUDIENCE IS REALLY
HUNGRY FOR SMART ENTERTAINMENT.
WE HAVE ON-DEMAND ENTERTAINMENT.
IF IT DON'T EMOTIONALLY GRAB
YOU, THEY JUST MOVE.
THE OTHER THING IS, WE'RE IN A
GLOBAL SYSTEM.
WHEN I WAS GROWING UP, IF YOU
HAD A SUBTITLED MOVIE, ONE
THEATER IN NEW YORK, MAYBE ONE
THEATER IN L.A.
NOW,
NOW NARCOK, IT'S A GLOBAL
ENTERTAINMENT WORLD THAT IS NOT
JUST HOLED WOOD.
IT'S BEING DRIVEN BY THE
GREATEST WRITERS AND THEY COME
FROM EVERYWHERE.
MARIA: IT'S A GREAT POINT.
LET'S LOOK AT AND NAVIGATE THE
COMPETITIVE RACE THAT IS ON.
NETFLIX JUST RAISED PRICES.
THEY ALSO SAID RECENTLY THE
COMPANY IS MORE FOCUSED ON
YouTUBE AND THE VIDEO GAME
FORTNITE THAN ON AMAZON.
YOUR THOUGHTS THERE?
>> I THINK WHAT THEY'RE REALLY
SAYING IS WE'RE ALL COMPETING
FOR THE CONSUMER'S TIME AND
MONEY.
AND TIME AND ATTENTION.
AND I THINK WE'RE GOING TO SEE
ALL OF THESE COMPANIES, WHETHER
IT IS NETFLIX, AMAZON, WHETHER
IT'S DISNEY WITH FOX, WHETHER
IT'S COMCAST AND HOW THEY
EVOLVE, WE'RE GOING TO SEE OTHER
COMPETITORS COME IN THE MARKET
AND WHAT THEY'RE GOING TO
BASICALLY WANT TO DO IS
UNDERSTAND THE CONSUMER AND
PROVIDE THEM THE BEST
ENTERTAINMENT, WHETHER IT'S
VIDEO, GAMES, THEY'RE GOING TO
FIND OUT HOW TO SATISFY, HOW TO
PROGRAM THE DAY, HOW TO ENRICH
THEIR LIVES.
MARIA: WHEN NETFLIX FIRST CAME
ON THE SCENE, THEY WERE ALONE.
THEY WERE THERE AND IT WAS A NEW
THING, EVERYBODY BOUGHT INTO IT.
THEN COMES AMAZON.
WHEN DISNEY COMES OUT AND ALL
THESE OTHER STREAMING COMPANIES
THAT COME, IT GETS MORE
COMPETITIVE.
MAYBE THAT'S WHY NETFLIX IS
SAYING IT'S RAISING PRICES NOW,
NOT WHEN ALL THE OTHER
COMPETITORS ARE IN ITS FACE.
>> WHEN YOU LOOK AT THE QUALITY
OF ENTERTAINMENT COMING OUT OF
NETFLIX AND AMAZON, IT IS
ABSOLUTELY STUNNING.
AND HULU AND OTHERS.
WHAT PEOPLE ARE TALKING ABOUT
ARE THESE NEW SERIES, THESE
BRILLIANTLY WRITTEN, THEY CAN BE
HOWEVER LONG THEY ARE, EIGHT
EPISODES FOR GODLESS, WHEN YOU
THINK ABOUT THE COMPLEXITY OF
MAKING "THE MARVELOUS MRS.
MAISEL," IT'S STUNNING.
MARIA: WHAT'S THE MOST
IMPORTANT THING THESE COMPANIES
NEED TO DO TO ATTRACT THE
CONSUMER TIME IN YOUR VIEW?
I KNOW YOU CONSULT AND ADVISE
MANY OF THESE COMPANIES.
>> WHAT THEY NEED TO DO IS, ONE
IS CONTENT IS KING.
AND WHAT WE LEARNED IN TERMS OF
CONTENT IS KING, WHAT WE'VE
LEARNED WITH CONTENT IS KING IS
THAT THE WRITER IS ALSO ONE OF
THE TRUE GENERALS.
WE USED TO LIKE JUST ALLOW A
SCRIPT TO GO.
RIGHTS NOW, IF THE WORDS ARE NOT
THERE DRIVING THE ACTORS, THE
DIRECTOR IS NOT MAKING THIS
SOMETHING THAT ENGAGES, SO YOU
HAVE TO DO THAT.
THE OTHER THING YOU HAVE TO DO
IS BE IN REGULAR DAILY
CONVERSATION, NOT JUST TOUCH BUT
CONVERSATION, UNDERSTANDING
EVERYONE IN YOUR DATABASE.
WE ARE HEADED TOWARDS A WORLD
WHERE WE SERVE THE CONSUMER VERY
PERSONALLY.
MARIA: WHAT ABOUT -- LET'S MOVE
ON TO THE OSCARS, THE SHOW MUST
GO ON.
KEVIN HART OUT AS THE OSCAR
HOST.
THE ACADEMY SAID THEY WILL HAVE
NO HOST FOR THE FIRST TIME SINCE
1989.
NOMINATIONS COME OUT TODAY.
MICHAEL TOMARO SAID THEY WOULD
HAVE NO HOST.
WHAT'S YOUR PREDICTIONS.
>> IF YOU GO BACK TO THE
ORIGINAL SORT OF SENSE OF
COMMUNITY THAT WAS THE MOTION
PICTURE ACADEMY AND THE ACADEMY
AWARDS, IT WAS A BUNCH OF PEOPLE
SITTING AROUND TABLES HAVING A
GOOD TIME TOGETHER.
IT WASN'T A SHOW.
IT WAS A CELEBRATION OF MOVIES.
I THINK MAYBE THAT'S WHAT WE'RE
GOING TO SEE AGAIN THIS YEAR.
AGAIN, THIS COMMUNITY REALLY IS
A COMMUNITY.
IT'S NOW A GLOBAL COMMUNITY.
WHEN YOU SEE RAMI MALLEK WIN THE
GOLDEN GLOBE FOR BEST ACTOR FOR
PORTRAYING FREDDY
PORTRAYING FREDDIE MERCURY, YOU
SEE THE CHANGE IN THE BUSINESS.
I THINK LET THE STARS RUN THE
SHOW AS OPPOSED TO SOMEONE WHO
IS THE RING MASTER FOR THE
STARS.
MARIA: I LIKE THE IDEA.
I REALLY LIKED A STAR IS BORN.
I HOPE IT'S UP THERE FOR A FEW
AWARDS.
>> I'M SURE A STAR IS BORN WILL
BE UP THERE FOR A FEW AWARDS.
MARIA: WHAT IS THE BEST PICTURE
IN YOUR VIEW?
>> THERE'S NO WAY TO TELL.
ALL I CAN TELL YOU IS THAT EVERY
TIME THERE'S A SURPRISE -- I
THINK THE GOLDEN GLOBES
HOPEFULLY OR MAYBE IS A
HARBINGER FOR THE OSCARS, IT MAY
BE DISBURSED THROUGHOUT SO MANY
COMPANIES AND WHAT THAT DOES IS
IT ENCOURAGES RISK TAKING IN
TERMS OF REALLY TAKING ON SOME
IMPORTANT STORIES AND SOME
REALLY WONDERFUL THINGS LIKE A
STAR IS BORN.
THERE'S A LOT IN A STAR IS BORN.
MARIA: THIS IS BIG MONEY.
IF ONE FILM, LIKE IF A STAR IS
BORN WINS AN OSCAR, DOES THAT
GIVE IT ADDED LIFT AFTER THE
OSCARS?
HOW SIGNIFICANT IS AN OSCAR WIN
FOR THESE MOVIES AFTER THE SHOW.
>> IN THE OLD DAYS SOMETIMES IT
WOULD LIFT IT, SOMETIMES IT
WOULDN'T.
I THINK THESE DAYS WITH SOCIAL
MEDIA, WHAT YOU'RE GOING TO SEE
WITH AWARD WINNERS IS IT'S GOING
TO SPREAD MORE VIRALLY, WHY
PEOPLE SHOULD SEE THESE AWARD
WINNING FILMS.
WHEN WE SAW MOON LIGHT, NOT A
LOT OF PEOPLE HAD SEEN
MOONLIGHT, PEOPLE WENT TO SEE
IT.
WHEN YOU BRING UP A STAR IS BORN
AND YOU SEE WHAT BRADLEY COOPER
DID WITH LADY GAGA --
MARIA: HIS DIRECTOR DEBUT.
>> THE THING THAT I THINK IS
WONDERFUL, WHETHER IT'S A
DIRECTOR Y'ALL
DIRECTORIA'ALL
DIRECTORIALALL
DIRECTORIAL DL
DIRECTORIAL DEBUT LIKE BRADLEY
COOPER OR A STAR TURN LIKE LADY
GAGA, WHEN YOU LOOK AT FILMS
THAT WILL BE NOMINATED, A LOT OF
NEW FACES.
THE WONDERFUL PART OF THE
BUSINESS TODAY, THE WONDERFUL
PART OF THE NEW PLATFORMS IS WE
ARE DISCOVERING TALENT THAT IS
REALLY-WE WOULD HAVE NEVER FOUND
BEFORE AND WE EXPERIMENT WITH
GREAT STORIES, WITH INNOVATIVE
-- WITH PEOPLE TAKING RISKS ON
NEW TALENT AND THAT'S WHAT'S
PAYING OFF IN FILMS YOU'RE
SEEING.
MARIA: AND NEW TECHNOLOGY.
SOME OF THIS STUFF IS
INTERACTIVE.