The Town with Matthew Belloni

Join Andrew Ross Sorkin, a prominent journalist and co-host of CNBC's 'Squawk Box,' as he unveils the intricate ties between tech, finance, and Hollywood. Explore the speculative edges of the AI bubble and its potential fallout on creative jobs. Sorkin shares insights on whether the Ellisons are building a tech-driven media empire and debates the emerging role of Middle Eastern investors in film. Plus, hear predictions about the future of horror films in the streaming era!

Teddy Schwarzman, founder and CEO of Black Bear Pictures, dives into the adventurous world of independent film distribution. He shares insights on launching Black Bear's U.S. distribution arm and the unique risks tied to theatrical releases for smaller films. Discussing the importance of director-driven projects, Teddy explains their strategies for broad audience appeal. He also reflects on the unpredictability of breakout films and how Black Bear approaches financing, balancing star power with creative quality in a competitive landscape.

Lucas Shaw, a Bloomberg reporter specializing in media and entertainment, joins to dissect Taylor Sheridan's move from Paramount to NBCU. They weigh whether this decision is a savvy play or a desperate measure for NBCUniversal and Peacock. Shaw shares insights into the tensions at Paramount and what Sheridan's prolific output means for his new platform. They also discuss the future of talent deals and the potential ramifications for NBCU's strategy amidst ongoing industry changes. Finally, predictions are made about Jon Stewart's future on 'The Daily Show'.

Stephen Follows, a film data analyst, joins to dissect the curious phenomenon of standing ovations at festivals. He reveals that such applause has surged since 2000, fueled by social media and performative clapping. The duo examines whether ovation lengths are measurable or meaningful, finding little correlation with box office success. Follows also discusses how audience composition influences reactions and predicts that the ovation trend may fizzle out soon. They wrap up by touching on the Golden Globes' podcast awards and the ethics of promotion.

Peter Supino, a senior media analyst at Wolfe Research, joins to dissect the potential sale of Warner Bros. Discovery. He dives into the rejected Paramount bid, sorting through the financial implications and bidder dynamics. The conversation explores whether to sell the entire company or split it into units. Supino highlights Paramount Skydance as a likely buyer and discusses Comcast's limitations. They also consider if Netflix, Apple, or Amazon might enter the fray, while analyzing the board's influence on these decisions.

Lucas Shaw, a media reporter at Bloomberg specializing in streaming trends, joins to unpack Netflix's new strategy of venturing into podcasts. They delve into the significance of Netflix's deal with Spotify for video podcasts and whether viewers will embrace this format. The discussion shifts to Netflix's collaboration with AMC, exploring implications for theatrical releases and the potential for more limited runs. Shaw shares insights on the risks of diluting Netflix’s brand with podcasts and predicts future moves into topical programming.

Edward Saatchi, CEO of Fable and founder of the innovative Showrunner, dives into the intersection of AI and entertainment. He discusses how his app allows fans to create licensed versions of beloved TV shows, shifting Hollywood's perception from fear to curiosity. Edward elaborates on the monetization strategies for studios and the necessity of guardrails to maintain storytelling integrity. With a focus on fan demand and collaborative creation, he envisions AI as a new creative medium, challenging traditional storytelling paradigms.

Eddy Cue, Apple’s Senior Vice President of Services, sheds light on Apple's Hollywood strategy. He reveals that Apple aims to create top-notch content rather than just a vast library. Cue discusses the company's commitment to theatrical releases and its strategic approach to content spending. He also addresses interest in acquiring studios and owning sports rights, emphasizing a long-term vision for Apple TV. The conversation uncovers how Apple measures success and challenges in retaining subscribers, making it clear that Apple is serious about its Hollywood ambitions.

Lucas Shaw, an entertainment reporter at Bloomberg and host of its Screen Time event, joins to break down the Hollywood Stock Market. They discuss whether AI's 'Sora' is overhyped and why Comcast is looking vulnerable. Shaw argues for Dwayne Johnson's ongoing box office appeal while selling Glenn Powell as potentially overvalued. The duo predicts Louis C.K.'s strong comeback due to successful touring and debates the future of scripted shorts versus microdramas. They also touch on Kevin Feige's precarious position at Marvel, making bold bets on entertainers and trends.

Ari Emanuel, longtime Hollywood agent and WME executive chairman, joins the discussion alongside TKO president Mark Shapiro. They explore how NFL rights negotiations could reshape the entertainment landscape and dive into the intriguing story behind the UFC's deal with Paramount versus Netflix. Emanuel shares insights into his relationships with high-profile figures like The Rock and Donald Trump, revealing the dynamics of power and influence in the industry.