Inside the Potential Sale of Warner Bros Discovery | Kinolime Podcast Ep 25

Show Notes

The video discusses the current financial instability of major Hollywood studios, specifically focusing on the potential sale of Warner Brothers Discovery and its implications for the industry.Warner Brothers Financial Crisis The Debt Burden: Warner Brothers is exploring a sale primarily due to billions of dollars in debt accumulated from multiple mergers over the last 20 years.1 Stock Decline: Despite having several number-one hits at the box office this year, the company's share price has dropped from around $30 to $10 as it continues to burn money.2 Proposed Restructuring: CEO David Zaslav aims to pay off this debt by potentially spinning off profitable "sexy" assets—like HBO, the movie studio, and streaming—into a separate company while leaving cable television and the debt in another.3 Potential Buyers and Scenarios The Ellisons (Skydance/Paramount): This is currently considered the most likely option, with a reported $24 bid.4 The Saudi Arabian Government: Described as a "worst-case scenario," this would involve a massive bid backed by Jared Kushner, potentially placing the world's premier studio under the control of an authoritarian government.5 Netflix: Another poor scenario where the streamer might buy Warner Brothers just to increase market share and their library, likely leading to fewer theatrical releases.6 Independent Retention: The "best" but unlikeliest scenario is for the studio to spin off its debt-ridden cable assets and remain an independent movie-making entity.7 Industry-Wide Impact Market Consolidation: Every major media sale recently has led to fewer real jobs, less competition, and fewer movies in theaters.8 Shift from Art to ROI: Studios are increasingly run by "Wall Street guys" or "tech speculators" focused on maximizing shareholder value and Return on Investment (ROI) rather than artistic merit.9 Need for Antitrust: The speakers argue that the Federal Trade Commission (FTC) needs stronger antitrust intervention to break up monopolies that now own the entire media landscape from top to bottom.10 Rise of Independent Film: A potential "shining hope" is that studio consolidation will lead to a groundswell of support for a new, audience-driven independent film scene to fill the gap left by major studios

Full Transcript

[00:00]

especially right now with our current iteration of the FTC,

[00:03]

like there isn't really any anti-trust

[00:08]

that is going into these mergers, right?

[00:10]

So there is not a major media sale,

[00:14]

that does not just lead to, again, less real jobs,

[00:20]

more competition or the same amount of competition,

[00:23]

and like a type of economic model around film

[00:27]

that is about, let's make the best films possible,

[00:31]

and that is how we make money and compete.

[00:43]

Hey everyone, welcome to the KinoLime cast.

[00:46]

I decided to just remove pod,

[00:47]

because it's not really podcast,

[00:49]

it's like a hybrid, not even what do you call it?

[00:51]

Right, like, it's a thing.

[00:53]

It's all it is.

[00:54]

We're just talking, we'll be recorded at work.

[00:56]

I'm John Trem, head of development here at KinoLime.

[00:59]

We got Danny Murray, creative executive,

[01:01]

one of the finest in the biz.

[01:02]

Oh my God.

[01:03]

What's up dude, how you doing?

[01:04]

It's so colorful, thank you.

[01:06]

I'm, you know, because what we're talking about today,

[01:08]

I'm quite sad.

[01:09]

Okay.

[01:09]

Yeah, and we're just gonna write into it

[01:11]

because I tend not to stick my head into,

[01:15]

like the business side of Hollywood,

[01:17]

just something I'm not that interested in,

[01:18]

but you always seem to be like,

[01:20]

all in the cutting edge, you know what's going on.

[01:21]

As you could tell by my hair and age,

[01:24]

I am a savvy financial analyst.

[01:26]

So I do actually like going over the box office numbers

[01:29]

each week, but besides that, I don't know,

[01:32]

I woke up today, I saw something about a thousand

[01:35]

restructuring jobs from somebody over a pair of months.

[01:40]

And then we just were like talking about Warner Brothers sales.

[01:43]

So we're gonna get into,

[01:44]

and by the way, I know nothing about this.

[01:46]

So what is going on in Hollywood right now with a sale?

[01:50]

Is it Warner Brothers, like just,

[01:51]

I know nothing, so educate me.

[01:53]

Yeah, so I mean, the most basic kind of point of what

[01:58]

is consuming Hollywood finance right now

[02:01]

is that Warner Brothers announced that they were exploring

[02:04]

a sale.

[02:05]

I just wanna stop you there.

[02:07]

Yeah.

[02:07]

Why?

[02:08]

Okay.

[02:09]

Warner Brothers is arguably the most prestigious studio

[02:13]

around is selling.

[02:16]

Yeah, so I mean, essentially the story of it is

[02:20]

over the last 20 or so years,

[02:21]

Warner Brothers been sold and merged a handful of times,

[02:27]

which has essentially saddled the studio

[02:30]

with billions of dollars of debt.

[02:33]

The simple answer is that David Zazlov

[02:36]

is looking to find a way to pay off that debt,

[02:39]

make the company which a few years ago

[02:43]

had like a $30 share price earlier this year,

[02:47]

it was down to like $10 a sale.

[02:49]

They're burning money.

[02:52]

This is the same studio that has been crushing

[02:54]

the box office this year.

[02:55]

Yeah, I mean, don't they have all the number ones this year, right?

[02:59]

Yeah, but because of like, you know,

[03:02]

really pretty horrible mergers that have very little

[03:07]

to do with movie business and to be fair,

[03:09]

box office numbers that were lackluster

[03:12]

before kind of like Abdi and Diluka took hold

[03:16]

in like, you know, their auditor kind of vision

[03:19]

for the studio is paying off immensely.

[03:22]

The studio side had been burning money

[03:24]

and the immense amount of debt that corporate consolidation

[03:28]

and like these mergers had left, you know, Warner with

[03:33]

has kind of forced them into a sale

[03:36]

if their main objective, which Zazlov is,

[03:39]

is to like give what is primarily AT&T,

[03:43]

like I think they still in like 70% of the shares

[03:45]

to Warner, a massive return on, you know, their shares.

[03:50]

So far for the course for Wall Street,

[03:53]

they are looking to maximize shareholder value

[03:56]

at the expense of the studio.

[03:57]

And I guess it's fair to think of Warner Brothers

[03:59]

not just as the movie making entity.

[04:01]

Warner Brothers is a name that has many sub companies

[04:04]

underneath it that's not just only entertainment adjacent,

[04:07]

but it's not just like the movie studio Warner Brothers.

[04:09]

That's just a name apart that makes movies,

[04:13]

but there's so much other money making revenue streams.

[04:15]

Yeah, there's billions of dollars.

[04:16]

At real estate, there's theme park assets.

[04:19]

There is the, I mean, the big issue is

[04:22]

what the studio is looking to do is right now

[04:25]

they're trying to make all their assets lucrative enough

[04:28]

where they could essentially spin off the profitable,

[04:32]

you know, sexy assets for a buyer, which is streaming,

[04:35]

it's HBO, and it is the studio assets, which are killing it.

[04:39]

They're trying to spin that off into a separate company

[04:42]

and then spin the assets they don't really want,

[04:46]

which is like cable television and all of their debt

[04:49]

into a separate company to make a sale more lucrative

[04:53]

for a potential buyer.

[04:54]

So why do we care?

[04:57]

Why should we care?

[04:58]

We care because, you know, again, it's less massive

[05:03]

as Warner, but it was still, you know,

[05:05]

it crippled the entire Hollywood ecosystem,

[05:08]

which is like 20th century Fox,

[05:11]

getting bought out, you know, like was I like 10, 15 years ago.

[05:15]

There aren't a lot of major studios,

[05:18]

and every time we lose one, Warner being the biggest

[05:24]

and brightest, right?

[05:27]

We get less movies, we get less competition,

[05:30]

and we, the entire landscape of Hollywood gets worse.

[05:35]

So it feels like my dystopian, you know,

[05:40]

the writer of mine is thinking, wow, creatively,

[05:44]

this is very bleak because at the end of the day,

[05:47]

you know, when you read the great, like go read,

[05:49]

if anyone hasn't read, go read on memo by David O'Cell's Nick

[05:54]

and it just gets you into the mind of a studio,

[05:56]

had a small independent studio ahead of time,

[05:58]

but like love making movies.

[06:00]

I wanted to make films and like, yeah,

[06:03]

they were caring about profit, but it was really about the art

[06:05]

and making like the best fucking movies out there.

[06:08]

It just seems like we're not there as much anymore

[06:11]

on that side if we're just solely thinking of,

[06:14]

you know, ROI and profitability.

[06:16]

Yeah.

[06:17]

So artistically that's scary to think like,

[06:19]

if only a few people have the, you know,

[06:22]

the purse strings and the, you know, Mary and Ed strings,

[06:25]

that's just, we're gonna make average movies

[06:27]

that just people just see on streaming, whatever,

[06:29]

and there's no real swings anymore.

[06:33]

Yeah, I mean, like a guy like Zazlov, right,

[06:35]

the CEO of Warner Brothers, discovered.

[06:41]

You know, he is a guy that, again,

[06:44]

is he much of a movie guy?

[06:45]

No, he's like a Wall Street guy and at this point,

[06:48]

almost all the studios are run by the Wall Street guys

[06:51]

or you know, text speculators.

[06:54]

But he, he relishes in the idea that he is like an air

[06:59]

to like Jack Warner.

[07:00]

He sits in his desk.

[07:01]

He bought a house that was run,

[07:03]

that was owned previously by like a major studio guy.

[07:06]

He loves the idea that he's this red carpet.

[07:09]

I'm a big, you know, movie, you know, pioneer.

[07:13]

However, the way he runs the studio is such that,

[07:18]

again, like he is looking out and again,

[07:20]

he's the CEO of the company and makes sense.

[07:22]

But he is looking to get, if he sells the company,

[07:25]

he's gonna get a half billion dollar payday

[07:28]

and essentially his only real goal right now

[07:32]

is to find a way to consolidate and sell the company.

[07:35]

Which will, you know, for the way he kind of

[07:39]

masquerades himself, you know, kind of destroy that legacy.

[07:43]

So.

[07:44]

So why does this bump you out?

[07:45]

Is it because of the artistic deprivation

[07:48]

that could happen going forward?

[07:49]

Like why are you bummed about it?

[07:50]

Yeah, well.

[07:51]

Because you seemed also bummed about the Paramount.

[07:52]

The thing that was happening a few months ago.

[07:55]

Well, in general, right, like, especially right now

[07:57]

with like our current iteration of the FTC,

[08:00]

like there isn't really any like anti-trust

[08:05]

that is going into these mergers, right?

[08:07]

So there is not a major media sale

[08:11]

that does not just lead to, again,

[08:14]

less real jobs, more competition

[08:18]

or the same amount of competition

[08:20]

and like a type of economic model around film

[08:24]

that is about let's make the best films possible.

[08:29]

And that is how we make money and compete.

[08:31]

What we are seeing with all these mergers

[08:34]

is essentially just like market share consolidation

[08:37]

so that there's less films, less options, less real jobs.

[08:42]

And like, again, I think something a lot of people

[08:46]

tend to forget about being able to have a career

[08:49]

in the arts is that that is a very new concept.

[08:53]

Yeah.

[08:54]

The grand scope of, you know, the world of art,

[08:58]

you have a patron and you have an artist.

[09:02]

And unless you have a very wealthy patron,

[09:05]

you live on the street.

[09:06]

Yeah.

[09:07]

You, you know, there was no world where,

[09:10]

especially in an art form that requires so many people.

[09:14]

There was never a time where all those people, you know,

[09:17]

get to have great lives if they're great at their craft

[09:21]

and work.

[09:22]

Yeah.

[09:23]

And the more consolidation we have,

[09:25]

the more vertical integration, the less likely

[09:28]

that is to continue at the scale that we all love

[09:33]

and, you know, have kind of relied upon to be artists.

[09:36]

So that's the doom and gloom scenario.

[09:38]

What is, in your opinion, what would be the fix?

[09:41]

You know, I mean, obviously we're not going to stop

[09:43]

poor but greed and again, think of their job.

[09:45]

Their job is to turn a profit, you know,

[09:47]

a piece of the shareholders, et cetera, et cetera.

[09:49]

So like, that's never going to go away.

[09:52]

What is the fix?

[09:52]

Is it more government intervention on these sales,

[09:56]

mergers, like, but then that brings in government,

[09:58]

you know, like what?

[09:59]

Well, you want government intervention.

[10:01]

Like the, that's the whole point of like the FTC, right?

[10:05]

Is to make sure that there is competition, right?

[10:07]

You need antitrust.

[10:09]

We've seen what Hollywood looks like without antitrust

[10:12]

100 years ago and it essentially led to laws

[10:16]

that stopped the monopolization of media companies.

[10:19]

I mean, already, like, we should have broken up

[10:21]

these companies 30 years ago, right?

[10:24]

But the banks let them fail, right?

[10:26]

Back in 20 years.

[10:27]

Well, forget even the banks, like, you know,

[10:29]

we have too big to fail.

[10:30]

We have a couple companies like,

[10:32]

there's no reason like the film studio Warner, right?

[10:35]

Should like own major news stations

[10:38]

and like the entire media landscape is owned,

[10:42]

top down by like three to four companies.

[10:45]

So why is that not good?

[10:46]

Why is that, how is that happening?

[10:49]

I mean, that's happened because like,

[10:52]

we don't have lawmakers that, you know,

[10:56]

take like the actual media landscape

[11:00]

more seriously than corporate law.

[11:02]

Corporate law, yeah, that's why.

[11:04]

That's right there, I think my, you know, armchair,

[11:08]

you know, quarterback.

[11:09]

Then armchair quarterback with the term armchair.

[11:12]

Armchair, some Tom, is it armchair?

[11:13]

What?

[11:14]

Yeah, armchair quarterback.

[11:16]

Like, it just seems like no one's thinking of film,

[11:20]

movie, television, etc.

[11:22]

as like a real area to concentrate on

[11:26]

with breaking up monopolies.

[11:27]

But meanwhile, it influences thought,

[11:29]

yep, culture, zeitgeist, it's the news channel.

[11:33]

It's the news channel, so it's also pretty bonkers.

[11:36]

And the papers and yeah.

[11:37]

So all right, so we have an impending sale.

[11:40]

Who's buying what?

[11:41]

Tell me what's going on.

[11:42]

So look, it seems to be that Warner's plan right now.

[11:47]

And again, they've done a pretty good job.

[11:48]

Like their stock is almost up to like the all time high.

[11:50]

I think it was the all time high of like $30 a share.

[11:54]

The most recent bid we know of is that the Ellison's

[11:58]

who you know, just bought Paramount,

[12:00]

put in like a $24 bid.

[12:01]

That's like, wait a second, wait a second.

[12:04]

Yeah, so the Ellison's who currently own Paramount.

[12:07]

Yep, just square Paramount.

[12:08]

10 by Warner Brothers.

[12:10]

And unfortunately,

[12:12]

that's okay.

[12:12]

They have this guy's dad is the second richest man

[12:15]

in the history.

[12:16]

Oh wait, that's possible.

[12:18]

The FTC.

[12:19]

So yeah, so look.

[12:20]

That's crazy.

[12:21]

In order to complete a sale, right?

[12:27]

Let's go through the FTC in this iteration

[12:30]

of the federal government.

[12:31]

That means Donald, I mean, the FTC will do what Trump says.

[12:36]

The FTC chair.

[12:36]

So like it is essentially going to be up to Donald Trump

[12:39]

to approve a sale.

[12:43]

That's crazy.

[12:44]

The Ellison's, you know, the Ellison's,

[12:48]

like all of the five,

[12:50]

at least like I have kind of a list of like four that we know.

[12:53]

And then there's a fifth,

[12:55]

the worst possible option.

[12:57]

Yeah, let's go to the worst one.

[12:59]

Do you actually want to know?

[13:00]

Like to me, there's two.

[13:02]

So like the absolute worst option is that.

[13:05]

So the highest is Ellison's.

[13:07]

Unfortunately, I think the best scenario,

[13:09]

and they're saying that they're going to commit

[13:10]

to keeping the same amount of film production out of Warner.

[13:15]

It's not like, I mean, the odds of that are extremely.

[13:18]

We know politicians or people say anything to get elected

[13:20]

or it's looking to get the sale through.

[13:22]

So that wouldn't happen.

[13:23]

He's the highest.

[13:24]

They're groups of the highest right now.

[13:25]

The best option is that they spin off cable

[13:28]

and they somehow retain the studio

[13:31]

and like function independently.

[13:33]

I don't think that's going to happen.

[13:35]

Given the worst case scenario.

[13:36]

The worst case scenario is that the Saudis

[13:39]

come in with a $200 billion bid backed by Jared Kushner.

[13:43]

And like, well, Jared Kushner is involved with like

[13:50]

a whole bunch of different Saudi Arabian business dealings.

[13:53]

I truly believe, you know, he's on,

[13:54]

I believe he's on the port of a 24.

[13:57]

I truly believe the worst option is that the Saudi Arabians

[14:01]

come in with like the Saudi Arabian.

[14:06]

Like, you know, government pretty much come in with an offer

[14:09]

that is so mind boggling.

[14:11]

And because like Kushner's attached and they probably,

[14:14]

you know, give Trump the same amount of money.

[14:16]

And like his like, you know, crypto thing.

[14:19]

That's just like backpedaling like, you know, like insider trade.

[14:22]

All right, let's not let's not go to the path.

[14:24]

But like, I mean, sure, but like that is the reality.

[14:27]

So that is so the Saudis buy.

[14:29]

I'm like, they just put a billion dollars into a studio

[14:31]

on Saudi Arabia.

[14:33]

That is the worst option.

[14:34]

And why is that the worst just quickly go down?

[14:38]

Because an authoritarian government that own slaves would,

[14:42]

would, would purchase a the biggest movie studio in America

[14:49]

to like offshore.

[14:51]

And like, essentially, it would be like the federal government

[14:54]

and the Saudi Arabian government in control

[14:56]

of the world's premier studio.

[14:58]

That is not.

[14:59]

And there's no oversight that can block that.

[15:02]

There is.

[15:02]

This is the FTC.

[15:03]

The FTC is not in the end.

[15:06]

In this government, there is no independent FTC oversight.

[15:09]

So that, that, you know, there is no.

[15:11]

You said it folks.

[15:13]

I mean, it's not like it's not even a political stance.

[15:15]

I know.

[15:16]

But that's just the facts.

[15:18]

The second worst option is Netflix.

[15:21]

Netflix would buy them just to like retain market share.

[15:24]

We'd probably look at Warner weaning off of theatrical release.

[15:28]

I'm going to say you have like three theatrical releases

[15:30]

a year under that if they were the.

[15:31]

Yeah.

[15:32]

And like they would mostly be doing that again,

[15:34]

just to eat up a competitor.

[15:35]

And what's the best option?

[15:37]

Give me like the.

[15:38]

Well, pie in the sky.

[15:40]

So like one last kind of thought here is that like, you know,

[15:44]

Warner has like, you know, 17% of like all the major motion

[15:47]

picture licensing for Hollywood movies ever.

[15:51]

Netflix just eats them for market share

[15:52]

and like a bigger, you know, library.

[15:54]

That's terrible.

[15:55]

The best option is like they spin off cable

[15:58]

and retain independent studio.

[16:00]

That's your best scenario, which is the.

[16:03]

Unlikeliest.

[16:06]

I hope not.

[16:09]

The most likely option is that the the Ellicons buy Warner.

[16:14]

Which again is probably in terms of reality.

[16:18]

Like the other buyers.

[16:20]

I don't think Apple's going to buy.

[16:22]

Netflix might buy Amazon might buy.

[16:25]

They already ate up MGM.

[16:27]

I could see the the Bayzo's coming in for some reason on his yacht.

[16:31]

Just yeah, trying to make a, you know, shiny new bid for new company.

[16:35]

There aren't that many.

[16:36]

Again, there's no.

[16:37]

There's no chances for studios that come along like that to be available.

[16:41]

So yeah.

[16:42]

And then last question.

[16:44]

Let's say this in pending sale happens to whoever.

[16:47]

What is that domino effect like in your opinion throughout the marketplace?

[16:51]

I probably would less buyers less movies and theaters and probably just leads

[16:56]

to more potential sales.

[16:59]

Like I don't even know again, like how many legacy studios do we have left?

[17:04]

Like Universal.

[17:05]

I'm going to say you know Paramount just got sold and then it would be like what?

[17:08]

Like HBO Paramax Skydance.

[17:13]

Like what?

[17:13]

Like again, you see what I mean?

[17:14]

Like essentially the best case scenario is honestly that Warner retains independence

[17:20]

or they get sold and then dear God, hopefully in the next like decade.

[17:25]

The FTC comes in with anti-trust laws that rain hell and like rip these like monster

[17:30]

behemoths apart.

[17:31]

That would be all like an MLB style Hollywood system where you have like 26 studios and they

[17:37]

all want to bury each other.

[17:39]

You know what I mean?

[17:40]

Like how fun would that be?

[17:41]

Like I miss the old days of you know the golden age of of Hollywood where they like literally

[17:47]

wanted to bury the next studio.

[17:48]

They were true steel artists from each other and it was all about making the best movie

[17:51]

was competition.

[17:52]

Like let's make the best movies to bury you know the asshole down the block.

[17:56]

One on the street.

[17:57]

And now we don't have that.

[17:58]

It's like it's kind of like the modern NBA super teams all wanting to play together.

[18:03]

No one really wants to like it's not about anymore the craft or the sport.

[18:07]

It's really just about ROI and etc.

[18:10]

And let's not forget I think like what's really sad is that like the current film heads

[18:17]

of you know the studio at Warner they took a massive gamble an auto driven like the

[18:24]

biggest studio in the world auto driven give money to the best world's best filmmakers

[18:29]

do whatever they want.

[18:31]

And it worked no one thought it would work.

[18:33]

Oh my gosh.

[18:34]

It's totally working.

[18:35]

Give it to filmmakers who love film.

[18:37]

What a novel idea.

[18:39]

And essentially the big issue with that is anytime there is one of these major acquisitions

[18:44]

studios come under new leadership like there's going to be you know like a cultural change

[18:51]

and like in like how that studio is run.

[18:54]

So like we just saw a model that I think every film fan in the world has been dying for

[18:58]

right.

[18:59]

Why aren't people giving you know Ryan Cougler 100 mill to go have fun and make a crazy

[19:05]

vampire horror movie.

[19:07]

And it it it worked right give PTA as much money as he wants.

[19:11]

It's you know it's going to win every Oscar like I'm very sad that I think no matter

[19:17]

what unless Warner retains independence that's probably gone.

[19:22]

I honestly think that just Trump should on the mall.

[19:26]

I mean I'm trying to get on with it.

[19:28]

I wanted to do it.

[19:29]

I was doing it on his like you know Danny's like pulsating vein in this world when he

[19:33]

gets upset.

[19:34]

But yeah.

[19:35]

No I know dude it's it's look we always don't want to bring grim news here but this is what's

[19:39]

going on it's good to educate yourselves on where this is going.

[19:42]

I'm like really intrigued now like I'm going to like go research everything and like follow

[19:46]

this.

[19:47]

Now yeah I think like the the shining hope of this for me is that with all of this you

[19:55]

know corporate media consolidation consolidation of all these studios is again I think what

[20:02]

it might lead to I hope is a kind of independent film scene.

[20:07]

Yeah.

[20:08]

And there's such a lack of competition with the studios there's so few films being

[20:14]

you know release that are worth anything.

[20:17]

Yeah.

[20:18]

That there's a groundswell of independent film support that again we're not going to

[20:24]

get competition from the studios with all these mergers.

[20:28]

Maybe we kind of build our own competition distribution and you know kind of like production

[20:36]

vessels out.

[20:38]

Again what we've seen a massive massive increase in interest and independent film.

[20:43]

Well you know not to like plug the people of paracelaries and the space that we're in

[20:48]

but that's exactly why we're building Keenal I'm out is like audience driven you know

[20:54]

what our ambition is to be like a mini major right like a studio that just does independent

[20:59]

cinema all day every day.

[21:00]

Which is why we have the competitions for you y'all to vote.

[21:05]

Aside from the projects that we produce and invest in on the side but yeah it just seems

[21:09]

like that's the natural path for because again I just see there's a demand for movies we

[21:15]

did a podcast however long ago about why streaming needs films because it drives their user

[21:22]

retention rate or whatever we said back then but we now people want movies and if the studios

[21:29]

are only going to do X amount per year especially theatrically that where do you go and hopefully

[21:33]

it's Keenal I'm and all the other companies that would pop up and you know then we can

[21:39]

have like our own MLB of like independent cinema.

[21:41]

Speaking of MLB I actually it's how to thought so like I didn't bring this up but in terms

[21:46]

of potential buyers there's something I'm really hoping for and that thing I'm hoping for

[21:51]

is that whether it be like you know a massively wealthy super billionaire or some sort of

[21:59]

like you know a massive kind of like private not private equity but like VC for them or

[22:05]

something I'm hoping that there's a spoiler that buyer that comes in maybe.

[22:12]

Uh oh.

[22:13]

Guggenheim and I'm a huge met fan Colin let's team up.

[22:17]

Let's team up close to coast bring that same mentality to the that they have sports which

[22:22]

is I don't give a single about how much money I'm spending we are going to make the best

[22:28]

high level and let's do that.

[22:31]

Let's build a studio that is again maybe all about a great place for creatives to be and

[22:39]

built on the idea that maybe our if we have the best product yeah we will win as a studio.

[22:46]

Guggenheim Colin we know you're watching come on right that check right that check.

[22:51]

Say bus save the save the system save cinema please but thank you for doing all the research

[22:57]

on that because I really did not want to read all those articles of course educated mean

[23:01]

you know everyone here for like the last 15 minutes on your rant so thank you rambling

[23:05]

with you do you do so keep posted if you want to change cinema keep watching keep supporting

[23:11]

keen alive because we have another competition coming up soon so get your screenplays ready

[23:16]

you can help change the system cinema career paths whatever yeah and maybe we'll get

[23:21]

out one day by Zazloff and we'll be hypocrites yeah I mean look you know I love I love that

[23:29]

I love that FTC I love corporate consolidation if I get a payday so let's do that guys.

[23:35]

Well hit us out let us know what you think about what's going on in Hollywood if you like it you

[23:38]

don't like it what you do differently hit us up at all our media outlets and you know social media

[23:43]

platforms on keen align all things keen align but Danny thanks so much John Tram.

[23:48]

See you.

[23:50]

That's awesome.

[23:51]

Yeah that was the best sign off you.

[23:53]

Thanks.

Inside the Potential Sale of Warner Bros Discovery | Kinolime Podcast Ep 25

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