Warner Bros. Discovery, Inc.

Chamath support ×2 ▼ on 📈 Generative video (Veo 3) collapses Hollywood inside a year E232 · 2025-06-21 ▶ 30:46

Like V03, which we haven't really spoke about, is going to destroy Hollywood. Like in the next year, like Hollywood is done, I think.

Chamath support ×1 ▼ on 🏛️ Pharma ad ban plus FCC licence pressure guts broadcast TV E221 · 2025-03-29 ▶ 47:47

And it just further erodes what's happening. I think if once Bobby puts a nail on the coffin of pharma ads on TV.

Jason support ×3 ▼ on 🏛️ Pharma ad ban plus FCC licence pressure guts broadcast TV E204 · 2024-11-16 ▶ 42:43

And if they lose all that advertising from Pharma, which I think in some of these networks is a third or a half, and that's all networks, that's from Fox to CNN and MSNBC, everybody combined, if they lose advertising from Pharma, it's over. Like those news networks are going to lose half their revenue overnight. That would be a death blow, Chamath, to your question.

Sacks support ×2 ▼ on 🏛️ Pharma ad ban plus FCC licence pressure guts broadcast TV E204 · 2024-11-16 ▶ 42:21

In any event, I think that there's a very strong argument that the broadcasters have not been fair. That's a violation of their licensed requirements and we should be re-evaluating their spectrum, especially because it's not the highest best use spectrum anyway.

Chamath support ×2 ▼ on 🏛️ Pharma ad ban plus FCC licence pressure guts broadcast TV E204 · 2024-11-16 ▶ 40:14

And then separately, with Bobby Kennedy's nomination to HHS, one of the things that he has said that he wants to put an end to is the advertising that pharma does on these broadcast stations. If you put these two things together where you deprive these folks of their largest revenue source, and at the same time, they have to sort of like answer for censorship or manipulating content, do you think that that changes the landscape of how all these companies behave in the future, or how do you think that that plays out?

Sacks support ×3 ▼ on 📈 The churn treadmill breaks standalone streaming subscriptions E162 · 2024-01-19 ▶ 1:09:19

I personally have never seen a B2C subscription business that works. The churn is just too high.

Jason support ×2 ▼ on 📈 The churn treadmill breaks standalone streaming subscriptions E162 · 2024-01-19 ▶ 1:07:57

It's clearly going to be massive consolidation.

Chamath support ×3 ▼ on 📈 The churn treadmill breaks standalone streaming subscriptions E162 · 2024-01-19 ▶ 1:03:20

So I suspect that you're just going to see a lot of churn. I don't like this category at all as an investor.

Sacks oppose ×1 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E159 · 2023-12-29 ▶ 54:14

I do think the judgments or the magnitude of the judgments are ridiculous

Jason support ×2 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E159 · 2023-12-29 ▶ 53:25

And they're facing an even bigger lawsuit, a $2.7 billion lawsuit with another election technology company that will happen in 2025 Pension funds are now suing this loathsome company because they lost so much money for them.

Jason support ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E157 · 2023-12-16 ▶ 32:08

Disney is going to launch their own Dolly-type stable diffusion product where you can do this. Put yourself on a Star Wars character.... It doesn't matter if they're good or not, it's their IP.

Sacks oppose ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E142 · 2023-08-18 ▶ 12:42

you have to question the wisdom of the executives at Disney who, you know, could have left this material alone. They didn't have to go here, but they did decide to go here. They did decide to do a remake and they changed all these things. Why even bother, you know, all you're going to do is ruin the public's perception of the original.

Sacks support ×3 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 58:18

Well, both the beer industry and Hollywood are both the shrinking industries. And so when you got unions demanding more and more and more of a shrinking pie, something is going to break.

Jason support ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E139 · 2023-07-27 ▶ 52:57

Right now, I'm going to ride it out. I think their IP collection is amazing.

Jason support ×2 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 49:07

I think this is one of the fundamental things that the unions and Hollywood have not yet grok-ed completely, which is they're not fighting each other. They're fighting TikTok, YouTube, podcasts, and people making their own content.

Friedberg support ×3 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 45:02

You guys saw the latest Disney earnings release and Eiger said, we are going to consider selling Nat Geo and a bunch of other channels. There may actually be a spinoff because content creation for that mid tier or that tail no longer makes sense.

Chamath support ×2 ▼ on 📈 Hollywood's strikes are a fight over a shrinking pie E139 · 2023-07-27 ▶ 41:53

And then my second thought is like, I just think unions in general are probably not a very effective way to get these concessions anymore versus the tax that the union members pay.

Jason support ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E137 · 2023-07-14 ▶ 30:09

I bought the stock, and it's the one thing in my JTrading portfolio I've gotten crushing on. That and Warner Brothers Discovery. I made two entertainment bets on what I think are the two best companies.

Chamath oppose ×3 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E137 · 2023-07-14 ▶ 27:02

the fact that Disney has been decaying for the past year is more emblematic of the fact that they've gotten into this social culture war and half the population of America said, we're not going to support your business like they did to Bud Light

Sacks oppose ×2 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E125 · 2023-04-21 ▶ 1:34:13

So look, whether you believe that is a problem or not, what I'm saying is this has been a brand disaster for Disney getting involved with DeSantis this way.

Jason support ×1 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E125 · 2023-04-21 ▶ 1:34:05

Really? I trust Disney implicitly.

Friedberg support ×1 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E125 · 2023-04-21 ▶ 38:29

I think there's an interesting question here on how far this goes with respected, maybe it invites the lawsuits, like you guys say, where there's things that are more on the line.

Sacks support ×2 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E125 · 2023-04-21 ▶ 36:06

look, I hope Chamath is right that this actually incentivizes more actions against media companies because I think their feet need to be held to the fire and they need to do a better job publishing the truth.

Chamath support ×3 ▼ on 🏛️ Defamation litigation wave hits media balance sheets E125 · 2023-04-21 ▶ 34:54

This is going to embolden a lot of people to take matters into their own hands and sue some of these media companies if the lie is egregious enough, and it negatively impacts them enough. I think it would embolden a lot of folks.

Jason support ×3 ▲ on 📈 Premium-IP media rerates - Iger's Disney and Warner's library E109 · 2022-12-24 ▶ 1:55:50

I'm telling you, Disney, Warner, which you talked about before, and Facebook are three of my big ones.