The Ben and Emil Show - BAES 130: Netflix v. Paramount: Who Will Win

Episode Date: December 11, 2025

DUM DUM!! (That's the Netflix sound) The streaming wars are getting hot, with Paramount/Skydance aka DADDY'S ORACLE MONEY putting in a hostile bid for Warner Bros worth over $14 billion dollars more than Netflix's offer. We'll dive deep into the whole timeline, who stands to gain what, and what we think may happen. WATCH THE LATEST EPISODE OF EMIL'S NEW SHOW! https://www.youtube.com/watch?v=2Xm3EOuXyac OUR NEW CREDIT CARD SITE IS LIVE!!! Go get that AMEX card baby! https://thecreditcardlist.com Give this video a thumbs up if you enjoyed it! And please leave us a comment! It helps us! ***Ben's new movies and tv podcast with Dillon is OUT NOW! GO WATCH the latest episode on TRIVIA: https://youtu.be/GFG3zC_GNGk?si=E1zMn38t2nWZHBxx **CHECK OUT EMIL'S LIVESTREAMS HERE: https://www.youtube.com/emilderosa Support us and get bonus content, ad-free versions and more plus your first 7 days free at https://benandemilshow.com __ SOME OTHER VIDEOS YOU MAY ENJOY: That's Cringe of Cody Ko: https://youtu.be/dTbEk0pVh2w Our AUSTIN VIDEO: https://youtu.be/yGSs56bFzRU Our episode with Kyla Scanlon: https://youtu.be/cIHWkY35cuc Big Tech is out of ideas (ft. ED ZITRON): https://youtu.be/zBvVGHZBpMw Arguing with a millionaire (ft. Chris Camillo): https://youtu.be/1ZUWTkWV_MM We bought suits HERE: https://youtu.be/_cM1XqA9n2U ***LINK TO OUR DISCORD: https://discord.gg/CjujBt8g ***Subscribe to Emil's Substack: https://substack.com/@emilderosa ***Trade with Ben at https://tradertreehouse.com __ AURA: Exclusive $35 off the Carver Mat at https://on.auraframes.com/BAES promo code BAES CASHAPP: Download Cash App Today: https://capl.onelink.me/vFut/zd0taway #cashapppod. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. See terms and conditions at https://cash.app/legal/us/en-us/card-agreement. Direct Deposit, Overdraft Coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit http://cash.app/legal/podcast for full disclosures. MIZZEN & MAIN: Get 20% off your first purchase at https://mizzenandmain.com with promo code BAES20. MOOMOO: Click this link https://start.moomoo.com/BAES to get up to $1,000 in free stock when you make a qualified deposit. Terms and Conditions apply. Securities are offered through Moomoo Financial Inc. (MFI), Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with MFI and their experiences may not be representative of other moomoo users. Investing is risky. See full disclosures at https://invest.us.moomoo.com/_disclosure __ Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Order online at 1,800 contacts.com or download. the free 1-800 Contacts app today. Last Friday, we get the news that Netflix is in exclusive talks to buy Warner Bros. Discovery's film and TV, studios, and their streaming assets for about $28 a share. Paramount Skydance offers their all-cash tender offer. You're nice about it. I'm tendering you an offer for, yeah, it's tender. You get a kiss on the neck from the CFO of the buying company.

All right, everybody in line and they come by. And they give you a kiss or lick if you taste good. Damn, that offer was tender. But it's called a hostile bid because what Paramount is doing is they are going around Warner Brothers Board of Directors and they're going straight to the shareholders. It's just so frustrating. They've taken these things we loved and destroyed them. Because Ted Sorondos hates going to the movies and sitting in those grimy-ass AMC seats.

He's like, why do people like this? This is gross. I'd rather be at home in my literal mansion and my private movie theater, which everybody has. and wants to do also. Everyone is obviously making the joke of like, Ted Serendos is right. I just watched Oppenheimer at home tonight, and it was a much better experience.

Like, I feel like I saw it the way it was meant to be seen. I'm looking at town with Benin' Me. Tell me what's going on. Tell me what's going on. So listen to her up to Benin' Me. Tell me what's going on. Hey, what's gone on. Hi, everybody.

Welcome back to Warner Brothers. Oh, you know what we should do? Netflix presents Warner Brothers production. A paramount. A paramount. Presentation. Yeah. Or distribution.

Distributed by. H. Bowmax. Yeah. HBO presents. We took a buyout. we're sorry yeah we took a buyout for $500 and now we are under the Netflix umbrella we're gonna get we're gonna get to all the Netflix stuff welcome back to another riveting episode of the Ben and Emile show check out the description if you want to see the credit card website it's

live and it's really kicking and you want to get a credit card don't you you're gonna want to get in there check out the links for our own shows you've got Ben's show three thumbs up we changed the name to cinnamon you changed the name Like cinema, but cinnamon. Why did you change the name? Because we liked cinnamon better. Also, we have a new theme song, and it's, if you like the theme song to this show, whole boy, you're in for a surprise.

So the latest episode has that. Don't check out three thumbs up, because that doesn't exist anymore. It's cinnamon, not like the spice. It's not spelled like the spice. Not spelled like the spice. Wow, I'm shocked. What about you? Well, you can go check out.

We're still called Last Chance to See. That is, but we're thinking about calling ourselves a cardamom. I don't know. I like to, you know, use the Royal Wee. The Royal Wee. Oh, hey, by the way, folks, Q&A is coming up. We're going to do a Q&A. I'm going to start talking like Alex Carp, and I'm going to do this a lot.

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I also, before we get started, I'd be remiss to not warn people. Don't be remiss. I got absolutely smoked by a scam this morning. You did? Just. What happened? Wow. Horrible morning.

How the tables have turned. Just. What did you do? I was trying to sell something online and then Stripe is like, you know, just like enter your details, whatever. Yeah. And literally like not paying that much attention. Got an email being like, great news.

Your item is sold. On eBay? All it's left to do, on Deepop. All it's left to do is to confirm your details. And I was like, oh, that makes sense. I've never sold on the platform before. I probably just got it, whatever. And I was like, why is it fucking, this is a weird way to do it.

But I was like, whatever. And I just, like, filled in my stuff. Because it looked so legit. And then just, and then it asked for my PayPal. And I was like, I'm getting confused. But whatever. I'm like doing stuff. this is happening. And then all of a sudden, I'm just getting PayPal notifications. I'm getting

absolutely worked by some gamer, I guess. He was, he was doing all kinds of Nintendo E-cards and Oh, it's probably some 14-year-old. Dude, hundreds of dollars. This guy's killing me. Immediately. Immediately. Like, he is on the move and he said he was setting up recurring payments. And just every, I mean, you're so alone if something goes wrong. I mean, just trying to deal with. AI to like just calling PayPal support PayPal. I'm an AI chat pot

and you're like I can understand full sentences. The gamer's killing me. And then it goes I think you said you're getting you under the wrong payment in it. It's just was it completely unhelpful? I finally got someone on the line but that's what

scared me the most. I get this lady on the line and she's like she's like look you know we do are best but with with AI super computing all this tech stuff I mean it's tough out there and I was like lady don't tell me that like as soon as I get my money back I'm getting off PayPal like yeah what about Deepop so was he the buyer of your depot he had nothing to he completely fucked me it's just a it's just a complete scam so so somehow they I don't know exactly it's probably is some kind of like AI program whether they're trolling for like new purchase

or new listings or whatever and then you you blast out a you blast out a verification email or whatever and you go because that's when it's the most that's when I've always been the closest to getting tricked is I've shipped things abroad

and I have no idea how it happens but it's like I drop it off at the post office or wherever and like within three days I get an email being like there's a hold up with your with your international shipping

and I'm like this has got to be a scam but like I did just ship something so it's like it's those kinds of things where you're like oh shit

I do need to rectify this they got my ass they got my ass I'm tied up it's uh I'm doing I'm canceling credit cards I'm

well you know whose credit card is about to get canceled It's freaking HBO Max. We've got, we, folks, if you want to know exactly what's going on with everything in the Netflix, Warner Brother, Discovery, Paramount, Saga, we've got you, we've got you absolutely covered. I did forget my, if you see the police Warner Brother shirt, so I've... If you see the police Warner Brother. So, I, we've thought it would be a good place to start with a bit of a timeline, of a, I mean, I thought we missed this story, honestly, because it happened last week and we were, you know, the news cycle is short, but, whew, things have heated up.

So let's start from the top, shall we? The tippy top. June 9th, 2025. A better time. We were young. We were hopeful. We had the whole world in front of us. The rest of the year was only, it was the summer solstice was perhaps right ahead. Warner Brothers Discovery announces that they're going to split up. They're going to split. They're going to have the streaming and studio side with the Warner Brothers, HBO, HBO Max, D.C. Games. And then they're going to have the Discovery Global side, which is just basically all the TV networks. And that's important because that structure is what enabled Netflix partly to make the offer only for the streaming and studio side and not the cable networks. So they were like, okay. They saw that part of it as a drag on their stock price because the stock price is tanking. and they're like, we got a spinoff discovery and HGTV and CNN.

It was a whole mess. Everyone, remember they launched the CNN streaming only service? Oh, God, yeah. And it just was like... You guys can have Anderson, Cooper, and Wolf Blitzer... 24-7. On demand. On demand.

It wasn't a huge selling point for anybody. No, for nobody. So then let's fast forward to October 21st. Warner Brothers Discovery publicly announces that they've got a strategic review after they received an unsolicited bid from Paramount, Paramount Skydance, $60 billion or $24 per share. And they said, no, that's too low. Well, David Ellison basically forced their hands to do this. They were not...

Because the stock at the time was trading significantly lower than $24 per share. Yeah, but they weren't like shopping around for offers like this. They were just cruising around doing their own thing. David Ellison was like, come on, give it to me. I want it. I'll offer you a premium. He just kept making offers. Yeah.

And then it forced them to be like, okay, fine. Let's open this up. So then shortly after that, Netflix joins the fray and says that it's, hey, fuck that Paramount guy. We're going to step in here and we're going to bid for the studio and streaming business. And then in November, November 20th, you got the news that not only is it Paramount Netflix gunning for Warner Brothers. you've got Comcast also

which is really surprising and stupid I hadn't heard that name in a while fucking pathetic ass Comcast Boring ass Comcast Get out of here Comcast It's like there were the stupid little old guy At the I don't know party I want to bid too please

I almost wish they bought it and just ran it into the ground Oh God yeah So yeah November 20th It's that they've got all three of these people and they've got this public bidding war starting to go and Paramount is is sensing the fire nipping at its at its heels so to speak it's got um Netflix and and Comcast also pursuing right they kicked this whole thing off and now they're screwed and now they're like okay we offered you $24 a share uh how about $25 a share and they say we'll think about it and then

December 1st, you get more bids coming from all sides, and then they get a mostly cash offer from Netflix, meaning Netflix is offering cash plus a little bit of stock. And then, yeah, last Friday, we get the news that Netflix is in exclusive talks to buy Warner Bros. Discovery's film and TV studios and their streaming assets for about $28 a share. And then the big thing that's happened in the last few days is, what's it called? Paramount says, we'll do $30. We'll do $30 this year. Yeah, but it's also a different, it's also a different deal because Netflix was not interested in their TV.

Yes, those cable channels that we were talking about where, T&T, CBS News, CNN, CNN, where Warner Brothers themselves were trying to spin it off because they didn't want it. Netflix was like, we're all good on that. In that deal, that was going to be spun off into a completely different company. Yeah. Hey, everybody. We want to take a quick break to talk a little bit about how much it is, how difficult it is to shop for certain people for the holiday season. Why you gotta just, we got the perfect solution for you.

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$35 off. Orra's best-selling Carver Matt frames. Named number one by Wirecutter by using promo code Bayes at checkout. That's A-U-R-A. dot com promo code bays this deal is exclusive to listeners and frames sell out fast so order yours now to get in time to get it in time for the holidays support the show by mentioning us at check out terms and conditions apply um and it's practically worthless man paramount's deal wants it

i don't think it is worthless because uh relative to the movie studios it's like a pittance comparatively larry ellison himself said it he thinks he values it worth like a dollar or two a yes but I think I'm not thinking monetarily I'm thinking culturally yeah and a control sense I mean yeah this is the company that just bought

CBS and is trying to gobble up everything his his dad and Oracle is making a play for TikTok they clearly want to be controlling news and media and narratives I've seen some people try to point out

that a big part of this there's especially there's like a long TikTok a woman put out I forget her name it's something like drier dossier or whatever Oh yeah I saw her

she's basically making the point that I don't think that Paramount even wants it because right now Paramount is trying to squeeze Warner Brothers and say hey come take our better deal her theory is that

what they're trying to do is trying to put the squeeze on them And so they just end up with the cable channels they want so they can get CNN and some of these other news media things. And her thing is that they can get the deal done quicker because they want to have CNN under control before the midterm elections. I just, I don't think that's even possible with the regulatory hurdles and all that stuff. I mean, the Netflix, they're estimating the approval for the net. Netflix bid would take 12 to 18 months. Yeah, it's going to take a long time. But I mean, look, that's, they could still get it done

before 2028 elections. And in the Wall Street Journal, they were talking about during a visit to Washington in recent days, David Ellison offered assurances to Trump administration officials that if he bought Warner, he'd make sweeping changes to CNN, a common target of President Trump's ire. People familiar with the matter said. Trump has told people close to him that he wants new ownership of CNN as well as changes to CNN programming Hock to a news on that thing man dude

all you gotta do with Trump is just is just make him promises they can even they can I'm not saying that he's lying I'm sure I believe him when he says that but all you got to do is tell him just

flatter him and tell him that you'll do whatever he wants and he'll make your dreams country it's so easy he can also really make your life hell right i mean i think people are afraid of his uh him using these regulatory tools he has and did you did you see the truth he did about the marjorie taylor green interview at 60 minutes no did you do that today no it's probably yes what did he say um so it's a little long i'll skip around because i saw that marjorie taylor green said she feels sorry for him today which is funny

but go on interesting i wouldn't go that far. He's also losing his touch a little bit. The only reason Marjorie Trader Brown do you know why he calls her Marjorie Trader Brown? You would think I would think my first thought like Brown noser? No, like poop. Yeah, that's what

I mean. Brown knows it. Yeah, yeah. But so he goes Marjorie Trader Brown in parentheses green turns brown under stress. Huh? I don't even know. We're like a fruit or a banana? I have no idea. The only reason Marjorie Trader Brown,

Green turns brown in her stress. Go on. Went bad is that she was jilted by the president of the United States. Certainly not the first time she has been jilted. Too much work, not enough time, and her ideas are now really bad. But anyway, the most important part is he goes on to say down below, my real problem with the show, he's complaining about 60 minutes, her interview. However, wasn't the low IQ trader?

It was that the new ownership of 60 Minutes, Paramount, would allow a show like this to air. They are no better than the old ownership who just paid me millions of dollars for fake reporting about your favorite president. Me! Since they bought it, 60 Minutes has actually gotten worse. Oh, well, far worse things can happen.

P.S., I hereby demand a complete and total apology, though far too late to be meaningful from Leslie Stahl in 60 Minutes for her incorrect and libelo statements about Hunter's laptop. President Donald Trump. Jesus Christ. He didn't say thank you for your attention. No, he didn't.

But, you know, so... Wow, man. He's publicly indicating, like, you know, hey, I was in favor of this. I wanted you to do me some favors. And this is not what I had in mind. You're letting me down. Yeah. You're letting me down.

You're just as bad as the old shitlibs. They were running the asylum before. Yeah. Yeah. Well, currently as it stands, Netflix's offer is... $23.25 in cash, meaning if you're a shareholder, your shares are worth $23 and $25, plus you'll get $4.50 per share in Netflix stock, worth this deal to close, valuing the company at just with debt, it would value the company at a little over $82.5 billion. And it's conditioned on

Warner Brothers first spinning off that, like I said at the beginning. First, they would have to do that split and successfully split off with Discovery Global doing all the TNT and CNN nonsense that they don't want. And yeah, they say that it would be 12 to 18 months

after regulatory view. And they're walking around cock of the walk. They're acting like this is already done. They're like, yeah, it's done. We got it. They put out press releases. We all got emails. It was crazy on on Thursday the announcement hit. Big, big balls on

these guys. Obviously, we're here in L.A. There's definitely been, I mean, I received numerous text messages of people very kind of depressed about this, uh, I mean, this is just a long line in, in this kind of slow death march

Hollywood has been doing, you know, this consolidation is nothing new. Paramount, we've covered before, you know, this Paramount Skydance thing is itself a, uh, horrible freak show of, of mergers and, acquisitions that should have never happened. And, you know, we've been watching Hollywood just get gobbled up.

There's, like, three companies now. It's like Disney owns Fox and 20th Century and all of these studios that they've bought out. We've got Apple. We've got Amazon. We've got Disney. Apple and Amazon, I guess, are the last holdouts, but I think they've each bought. They're tiny, though. I think, yeah, and I think Amazon itself bought like MGM and everyone's just been like gobbling up.

Amazon. That's right. Amazon owns GM. But so we have Apple, Amazon, Paramount, Disney, and then Warner Brothers, pretty much. Yeah. And now soon to be, you know, those are going to get subsumed. Yeah. Well, as of yesterday, like three days ago for you guys, yesterday for us, Paramount Skydance offers their all-cash, tender offer. So you might have been hearing a couple of terms out there. Tender offer is basically... You're nice about it. I'm tendering you an offer for...

Yeah, it's tender. You get a kiss on the neck from the CFO of the buying company. All right, everybody in line, and they come by, and they give you a kiss or lick if you taste good. Damn, that offer was tender. Because they are tendering you an offer for your shares. But it's called a hostile bid, because what Paramount is doing is they are going around,

the corner brothers board of directors and they're going straight to the shareholders because the Warner Brothers board of directors has gotten these offers multiple of these offers and has said no we don't like it no it's not good enough so Paramount's going all right time to get hostile

we're not going to talk to you anymore we're going to take it straight to the shareholders because our offer is more cash for their shares it is all cash it's just straight up hey pretty much $30 a share for your shit. Do you want it? The Wall Street Journal has some of some of Ellison's text to David Zaslov. I guess they're from the regulatory filings. It's just, it's just very funny to see guys like this be a little pathetic. It's almost like they're chasing

a girl that won't give them the time of day. Just tried calling you about new bid we have submitted. I heard you on all your concerns and believe we have addressed them in our new proposal. Please give me a call back when you can discuss in detail. And then he followed up again, including the need for strong cash value and speed to close. It would be an honor of a lifetime to be your partner and to be the owner of these iconic assets.

Blow me, dude. This really is, it really is, we've got a couple real life successions going on. We had the Rupert Murdoch thing going on, and now we've got Ellison with Daddy's money and Daddy, you know, got to please Daddy. Yeah, they're not as,

They're not as fun in real life, though, because you're just watching, like... Ellison seems like he's got at least a decent relationship with his father. Hey, everybody. We want to take another quick break to talk about getting scammed and how you can avoid that. And how cash apps got your back. Cash apps got your back. You know, I think everybody's familiar with the crazy weird scams that I've fallen for in my day, in my time on the internet. And if only there were a way to have stopped me from humiliating myself and doing that. But look, you don't have to be as open and honest as Ben to get scammed on the internet. It's like every day out here I'm battling texts and scam calls.

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Prepaid debit cards issued by Sutton Bank, member FDIC. Promotions provided by Cash App, a Block, Inc. brand. Visit cash. dot app slash legal slash podcast for full disclosures. Oh, yeah, but... David Ellison with Larry. Well, one of his... One of Murdoch's sons was aligned with him, the one who won out and wanted to continue down this conservative pathway was aligned with him.

we were joking about this at dinner last night and we were like it's tough to even watch because who do you even root for in this scenario it's basically Alien versus Predator whoever wins we lose right it doesn't matter you know Netflix wins and it's kind of

the NFC I had a quote from you know everyone was pushing that that Sarando's quote oh which one the six billion he says they'll create jobs? No, that they're saving the business. Oh, sure. That's what they're

both saying. That's what's bullshit. Right. So when asked if Netflix is destroying Hollywood, Ted Sarando said, no, we're saving Hollywood. We're in a period of transition. You don't understand. Folks grew up thinking, I want to make movies on a gigantic screen and have strangers watch them and to have them play in theater for two months and people cry and sold out shows.

It's an outdated concept. No, it's not. These things... People want to watch him at home while browsing Twitter. It's just so frustrating. They've taken these things we loved and destroyed them with these platforms that get us addicted. There's nothing...

Because Ted Sorondos hates going to the movies and sitting in those grimy-ass AMC seats. He's like, why do people like this? This is gross. I'd rather be at home in my literal mansion and my private movie theater, which everybody has and wants to do also. Everyone is obviously making the joke of like

Ted Sarandos is right. I just watched Oppenheimer at home tonight. And it was a much better experience. I feel like I saw it the way it was meant to be seen. I think of, I think of, um, when I saw Dune 2, did you see Dune 2? Dune 2 at once? No, the other one. Dune 2, starring Timothy Chalabay. Yes. You remember that sequence where they're going after the, um, Where they're going, where he and Zendaya are going after the spice production thing, the big machine. Okay. And there's the helicopter coming after him.

And he's got to like run out in the open and expose himself so that she can get a shot off. So curious where this is going. It's such a great sequence, right? Okay. And then there's that great shot where she finally, she finally takes it down. It explodes. And then it cuts to a wide of her. running along and then in the theater the fucking the helicopter crashing behind us or behind her

was so big and felt so huge and i was just blown away and i couldn't wait to watch it at home and when that same scene comes on it just oh it's a completely different thing so i mean the fact that he even tries to argue this to people is just it's a joke yeah i mean i remember seeing I mean I'm sure they've always done it I guess I just wasn't really aware of it but when I first became aware that I was probably a teenager that they put old movies into movie theaters

you know what I mean so you can go see them and I remember seeing Jaws and I remember seeing Raiders of the Lost Ark movies that I had seen a bunch that you never got to see in theaters yeah movie but that my parents showed me and you know I saw on however big of a screen at home and you're like this is a completely

different movie I mean it's not just the big screen it's the community thing. People, people screaming when they're, uh, they're scuba diving to see the one wreck in jaws. Yeah. Yeah. I mean, it's just, you can't. Yeah. I'm not even like a huge movies guy. I don't get all like weepy about like the cinema or whatever. It's just like, it's clearly better, man. A thing we love. Yes. And it's a communal, beautiful little thing. Don't try to, don't try to tell us that. Look, these things were meant to be viewed at home. to be viewed at home where you can be comfortable and not have to interact with

anybody. It's the same guy whose company has been telling writers like, hey, do you mind writing it so people who are scrolling their phone can, uh, scrolling on their phone can follow along? Yeah. God damn, man. Well, so, but all that was to say, who do you root for? Netflix, uh, so they can do this. And I mean, I obviously don't want it to be in, in Paramount's hands and them just, uh, further consolidate this, this Ellison control of of news media and just keep pushing this insane

worldview where the dad is just like in the future AI will be watching at all times everyone will behave like good little boys you sound like what's her name Elizabeth the surrender what's her name Theranos Theranos

and the future AI will be take your homes homes homes homes homes well so currently Warner Brothers Discovery's board says, all right, we will review carefully Paramount's hostile takeover offer, but they did not change or withdraw their recommendation to shareholders in favor of the Netflix deal. And there's these breakup fees.

Usually when you've got a really, really high, high stakes, potential mergers like these and acquisitions like these, there's these fees that you have to pay. So if Warner Brothers walks away from Netflix to take Paramount's offer, Warner Brothers will have to pay Netflix a $2.8 billion breakup fee jump change and if the Netflix deal collapses

for other reasons so like regulatory reasons would be one Netflix might have to pay Warner Brothers $5.8 billion and nothing has really changed since then.

We're just waiting to hear Well there's a deadline I think it's January 8th Oh I thought it was I thought Warner had till I thought right before Christmas to decide I was seeing January 8th, but...

Interesting. So, what would Netflix gain? They would get a ton of premium IP. Which would be really good for Netflix. Netflix already knows that a thing that their users love is classic IP. You know, when they were really the first streaming giant, they had a bunch of stuff on there that was just... I mean, they had no... They had no originals, so it was full of things like friends in the office, and people were

absolutely just mad for it. It's finally on here. Right. And I think... Ross. They know it would be massive for them. Oh, yeah. I mean, and HBO's catalog is so deep.

Oh, yeah. You got sex in the city, just to name a few. Sex in the City, Adventure Time, Final Destination, Cartoon Network, Adult Swim, Game of Thrones, Minecraft film rights, Turner Classic Movies. Lord of the Rings, Warner Bros. Games, Friends, the Ocean's films, Evil Dead, Mad Max, DC Comics, Harry Potter, Rick and Morty Sopranos, among a ton of other things. I mean, yeah, that doesn't even, like, scratch the... And because Netflix wants to get more into gaming, they want to get more into merchandising, they want to get more into live, streaming live stuff. So, man, I'm excited. We, can you imagine the, the, the meshing of worlds, Squid Game, Harry Potter?

I mean, that's another... Squid game... You're joking, Mad Max? I haven't seen a lot of people... I'm not joking. Squid game friends. I haven't seen a lot of people talk about... I'm sure there's an AI element to this

where everything is obviously heading this way. I mean, I'm sure they see real value in purchasing all this IP and using it for training data. And there's a world where... I mean, Ted Sarandos knows. people don't want to go to the movie theater anymore they want they want bullshit slap on the phone yeah why not just

like Ben said create your own squid game Harry Potter I want woke sopranos woke woke squid game sopranos you can have it now I mean give it give it a few years so the trade they could do all the training

is Lord of the Stranger Rings Squid game Lord of the Stranger Squid Games Lord of the Stranger Rings Squid Games Squid games Squid games. That's a Lord of the Wings.

Stranger Things, Squid Game. And they're all POCs. Oh, yeah. And everybody's... Woke Edition. Yeah, woke edition. Ooh, can you imagine if we get a woke version of every show? Harry Potter, but it's Chinese.

Yeah. Ooh, yeah. Nihow, Hermione. Ron, Shushon Ping. Sean's her... I don't know how to speak Chinese. Evil Dead, Squid Games. Final Destination Squid Games

Adventure Time Stranger Sex in the Stranger Things Sex and the Stranger Things City Can you imagine Samantha in the upside down She'd be trying to suck off Vecna or whatever Sweetheart

I'm just trying to fuck you They're in Hawkins Wherever what state is it Hawkins Illinois or something Nobody knows where they are actually Nobody's really paying attention And the girls are just talking about how like it's impossible to get a good lay in Hawkins.

Yeah, no kidding. It just seems like it's just middle schoolers around here. What's her name? What's the main woman's name? Carrie. Carrie's like smoking a cigarette and typing on her blog because she doesn't have, well, there's no blog. She's like typing for the newspaper. I couldn't help but wonder. Does Vecna really, is Vecna into me? Oh, God. This fucking sucks.

I can see a world where this is. Of course, they're, they have to. Hey guys, we got to take another break to thank a sponsor of this show. It's Mizzen and Maine. Yeah, you know that saying, look good, feel good? Well, the problem is most dress clothes only check one of those boxes. You might look sharp, but the clothes are stiff, hot, high maintenance, which makes it hard to actually feel comfortable. That's why we're such fans of Mizn and Maine, because you get the best of both worlds.

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that... Remember these tweets from 2020 to 2023 of people being like, imagine, the year is 2030 and everything has come true. You're watching Saved by the Bell, but every character is Jesse from Breaking Bad. And everyone...

You know what I'm talking about? And everyone was like, no, that sounds terrible. We don't want that. And it's just, it's all just going to be one or two mega corporations where they're like, choose your own adventure. Choose your own adventure shit sucks. I didn't watch Bander Nuts. Or not choose your own adventure. I didn't like that.

I guess you choose your own adventure, but it's, it's, you're the creator. You're the creator. I don't want to be the creator. Honestly, I liked it when, I mean, we lived through the golden age of TV, they called it. And we got to watch. You had to sit through commercials. Let me tell you. Well, not if you were watching Sopranos on HBO.

Or you had TiVo. Or TiVo? Nobody even knows what TiVo was. You kids. I didn't have it because my family was like, that's expensive. I didn't have it either. It's expensive. I don't know what the price was because I wasn't paying for my cable at that point.

Brother, all I know is it was pricey. It was like a rich people thing. Rich people had TiVo. That makes sense. You could somehow fast forward commercials. I don't, I still don't know how that worked. I think you had to record it. Oh.

It was DVR. Yes, exactly. Well, let's talk about some of the comments from both Paramount and Netflix. Like we said, Netflix, Ted Serendos, the co-CEO of Netflix, is saying that they're going to get about $6 billion in synergies. And that they're not going to cut jobs. It's going to be good for everything. Oh, they also said they're going to create jobs. They also said they're going to continue.

Don't worry. we're going to continue releasing Stranger Things, Squid Gaming. We're going to continue releasing Warner Bros. Studios projects in the theater. They didn't say for how long. They also said... HBO Max will continue on as its own thing

for the foreseeable future, they said? Yeah, no one knows for how long. And they also said that Warner Brothers Studios, which is probably by far the most valuable, you know, that's where they're creating these projects and everything. They're saying Warner Brothers Studios, for now, will continue to be able to sell to other networks and stuff like that.

They won't have to go straight to Netflix. Interesting. Well, that's what Sarando says. And so the big, obviously, everybody's talking about monopoly. Everybody is concerned that this will create a monopolistic situation wherein Netflix controls the number one streamer and the number three streamer right now. They've got, let's see, how many, they've got, I believe, 400, just. Just under 400 million, they would have a combined to 430 million subs, subscribers between HBO Max and Netflix currently, which puts them head and shoulders above everybody else.

So Netflix's response to that and what they're going to argue, and they've already done this, but they're going to say, we've got plenty of competition. We've got Disney, just like we said, we've got Disney, we've got Amazon, we've got Apple, we've got Paramount. And we've also got TikTok and YouTube. I know. And the YouTube is actually a good argument because YouTube... YouTube eats all their lunch. YouTube has surpassed Netflix in terms of viewing time. So they have a strong argument in that sense, but I would hope...

I mean, I understand that argument, but they're categorizing TikTok as like a similar thing I also don't think it's a competitive. I mean, I don't think it's a compelling argument. I mean, they all are, you know, all of these freaks left to scream about like the free market and like leave the government out of our whatever, but they all hate competition. All of these guys are angling for the same thing. A monopoly. They just want to gobble up competition. They don't want to compete with each other. They don't want to try to create a better product. No. They just, they want to buy their competitors. And then once they have it, I mean, who knows what's going to happen to your monthly price? I mean, It's only gone up for everybody. Just bring cable back at this point. Everyone's going, I'm cutting the cord. I'm going to save money. Because you can get a Netflix account for $8 at that point. Whatever it was.

Now, if you have three streaming services, you're paying $95 or something. By the way, Netflix is already won. They're valued at $4.402 billion market cap. well, I don't, I mean, I know, but it's like, why do you need, you're not big enough? You've already won. Just make good shit. Well, that's part of the reason why they want to buy it. It would lower their production costs to have this studio under their, under their corporate umbrella. Yeah. And both of them are saying that the others offer would be, would, would have increased governmental scrutiny and would take longer and is less appealing.

Yeah, but I think that the Ellison's argument is probably much more convincing on that front. Really? Well, because the Ellison's, if Paramount does it, I think that they will have increased scrutiny because on top of the

one studio absorbing another studio, that's a monopolistic kind of thing in itself but then the media aspect of it too. You're also thinking about it in terms of the laws applying to these people. If the laws were enforced, none of this would be... I forgot about that.

None of this would even be happening. I'm talking about it in a perspective of who's closer to the Trump administration. I would probably put that with the Ellisons. Not only that, you have... Which we didn't even discuss, the people backing this paramount deal. Oh, dude.

Three Saudi wealth funds and... Three different ones. Three different Saudi wealth funds. And Jared Kushner's... Cousy boy! Jared Kushner's venture firm. Wow, that's... So Donald Trump's son-in-law is also involved and has his hands in this deal.

Plus, Larry Ellison, or David Ellison's father, Larry Ellison, is a very close friend of Donald Trump. And Trump actually, when asked for comments, said, neither side is my friend. friend, referring to Netflix and Warner Brothers. Although Ted Sarandos a few months ago, like, went to the White House and clearly slobbed on Trump's knob and thought that it was a done deal and he's a shoe in, but puts Trump in kind of a precarious predicament because, um, on the one hand, yeah, he's gotten, he's gotten jerked off by Ted Sarandos. Is it Sarandos or Sarandos?

Who gives a flying fuck? No, I've heard people say Ted Sarandos. Ted Sarandos. And then on the other, he's got his precious son-in-law. and his good friend, Larry Ellison, number two richest man in the world. You guys don't look crazy in completely different ways. He loves everybody.

And he says he will weigh in. He says, I will weigh in on this, which some people are against, but I mean, the president weighing in on one of the biggest things, one of the biggest corporate merges of all time. Well, I mean, that's, I mean, it's so funny because we were talking

about the David Sachs thing last week, and we were going... David Sacks Squid Game. And we were going, why are you even bothering to comment on this? this story, to David Sacks, right? When the corruption is so outright in this administration, just wait and see. And then a couple days later, probably literally the day the episode came

out, this Netflix thing happens. And you have, the president openly just talking about and weighing in on these deals. If this was any other administration, people would be freaking out. It's just a completely different. I just don't even know. What's the point of having anti-monopoly laws if everybody's just able to well they haven't been enforced in a very long time

I mean at least the European Union because this also has to face the European Union's monopoly kind of scrutiny over there which is its own completely separate issue and this isn't just a to be clear this isn't just a

Trump construction the Obama administration oversaw the total monopolization the creation of the tech giants throughout his entire administration. I mean, so many of these deals just should have never gone through. And it's created such a weird precedent.

We've talked about it so many times, but Lena Kahn during Joe Biden's administration, every time they tried to enforce antitrust laws, you had people going, well, they were allowed to do it. We should be allowed to do it. And it's like, well, that should have never happened. And it looks like it were such a, joke. Scroll up to under Paramount comments

toward the bottom Larry Ellison talking. The link is not in blue, but let's listen to what Mr. Larry Ellison actually has to say. Oh, is this him on CNBC? This is him on Squawk Box. Yeah. David Ellison, excuse me. All cash. $41 billion in equity that's backstop by the Ellison family and Redbird. Pause. Pause. He said the equity is backed by Larry Ellison and Redbird. He conveniently leaves

out the, um, uh, what did they call those, uh, the wealth funds? Yeah, the sovereign wealth funds and Cushner's fund. Continue, please. Commitments from city, Bank of America and Apollo. We have faster regulatory certainty to close. And our deal is pro consumer. It's pro creative talent. It's, it's pro competition. And we believe that when you actually, to further contextualize, there are $30 in cash, or sorry, $30 a share. is basically $17.6 billion in cash more than the $23 in share that they signed up. Right. Well, you're not obviously paying, you're paying for global networks. Their deal doesn't involve paying for global networks, which are trading about the TV networks.

Which, by the way, also figures very prominently here in trying to determine what the overall value of the respective deals are. Because there are 2775, including obviously the stock portion of their deal. But it also includes, well, what's global networks? Is it a $2 stock? Is it a $4 stock? What do you see? Because that can go a long way in terms of at least determining why the board may have said, no, we think Netflix is superior.

So respectfully, we think that basically that's valued at a dollar a share. Why a dollar? So if you look at Versan where the median of all of this is, it's about four and a half times. You have to get the five times equity value or more to basically get to the, you know, kind of $3 plus that you're claiming. But again, I think the most important thing. So he, like he said, he's, He says that he, they, their offer, they think is, I mean, it is objectively a higher value.

It is a crazy point that he just conveniently leaves out the Saudis and Jared Kushner. Hey, gang, one more quick break. We're going to be talking about moo-moo. You know, as you guys are well aware, Emil and I put a lot of time, effort and heart and soul into doing research. on this show. And sometimes when we're talking about stocks and companies, you know who's right there in my pocket for when I need to do research? Mumu, not only for trading, but for research. It's one of the tools that we've been using for the last two years. And for those unaware, they are an all-in-one trading platform trusted by us and more than 28 million users

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Mumu every day. Moomoo? It's very sad. Just watching all of this. Because we have nothing left. America doesn't make anything anymore. Our biggest thing, honestly, was just, yeah, American cultural output. And we're just kind of selling everything off to the Saudis.

I mean, every sports. They used to call it sport washing. now it's just everything did you see uh dakota johnson was just in i i don't know which city rhod or wherever uh talking at some in front of an audience for something and um just yeah Dakota johnson believe oh i mean the rea believe in the movies the riod comedy festival is another one you know we're coming off the heels of the riod comedy festival uh let's see what did she say oh man it it just came out and she said oh is that it right there movie magic on Instagram?

She opened up during a conversation at the Red Sea Film Festival about how the American film industry right now feels grim, but Saudi Arabia has renewed her faith in the power of cinema. Dakota, no! I wonder what the...

In the States, it feels really grim. And even in the less than 24 hours that I've been here, I have a renewed faith in cinema. That's amazing to hear.

I wonder what the rest of her statement entails, but so... It probably doesn't go into the details of how much she got paid to be out there. This is the first comment. Saudi censors films like crazy, but you can always depend on Americans and Europeans to go there and for millions act like it's heaven. I do have to say, the money's got to be so

good. The comedians after Riyadh Comedy Festival, Bill Burr did a whole profile. I forget what magazine it was, just being like, wow, I really expected it to be so different, but they're just like us. They, you know, I love it here. What a, what a special time.

And it's just crazy to see. Well, so. And I know that they have pointed out that the Saudis aren't going to have board seats or anything like that, but they're buying in. You know what I mean? They're not going to, they're not going to, they're, you're not going to be able to, the whole point is for them to be vested. into all these projects, and part of the deal is you can't upset some of our benefactors. And we've created this system where we own everything. You have to be friendly to us.

You have to come to our little film festival and go, Americans are really fucking it up. They really should continue to sell off all of our institutions for parts. Paramount went on to say, they're saying that they're going to be a champion of Hollywood and its talent. they would remain committed to releasing movies in theaters. And they said their complaint, their main complaint was that Warner Brothers never engaged meaningfully with their six different proposals over the last 12 weeks. And yeah, that was the letter that they sent to Discovery CEO David Zazlov complaining

that the company had, quote, abandoned any semblance in reality of a fair transaction process to favor a leading bidder, which is an interesting thing to point out because clearly they really do favor Netflix for whatever reason. I don't know why. Who knows?

But, man, it's both of them are saying we're still going to do, yeah. I guess if I had to I don't know who I, I just wish I wish I didn't have to pick either of these as who I'm rooting for. For me, I do think they're genuinely,

no, go ahead, zip up your pants and button them again. What is going on? I have my pants on button because I'm sitting down. Give me a break. Because both of them, real fast, both of them say that they're going to commit to still releasing things in theaters. I'm less inclined to believe Netflix, given their history of doing so. They will release things in theaters just under the bare minimum of requirements. Yeah, they'll be like, we're releasing. We're releasing. saying it in two theaters in New York and one in L.A. So that they qualify for awards season. Which is

just like, so start some fucking movie theaters then, man? Start making money that way. They did buy a famous... The Egyptian. Here in Los Angeles. Yeah, yeah. Yeah, but like... All right, fine. Start... Do do more. You sons of bitches. Jesus, God.

What were you going to say? I'm sorry. No, I just don't think there's a... I just don't think there's a happy outcome here because... I mean, I'm really scared about the, I'm obviously scared about the billionaire push to consolidate power in news media and everything. Hollywood's been gasping its last breath anyway. This is obviously just going to, it's just going to speed it all up. So if it ends up with Netflix, they don't want these, they don't want these cable channels anyway. It does seem like Paramount wants them.

I think if Netflix ends up with Warner Brothers, Paramount's still going to end up with cable news. Right. And if Paramount ends up with the whole shabang, they end up with the cable news anyway, and Netflix pounds in. So either way, you're just facing a thing where when you look at these media companies, it is just they serve the interest of a few very scary billionaires. this rightward shift in all of culture is just I don't think in culture I think this push obviously the right always has tons of money behind it

it's billionaire backed you know it's crazy just being in I was in New York for Thanksgiving I took maybe four cabs you know one one to and from the airport and then one on Thanksgiving because we had a bunch of food we were bringing

every time it was there was you know how they have the screens in the back yeah there was nothing else playing

except newsmax dude newsmax and what else the free press just on loop it's so depressing

yes and it's so I'd rather see squid game Harry Potter I honestly would rather see Squid Game Harry Potter than then watch Barry Weiss

tell me how you know with a common sense news channel and and i thought she was cbs now yeah but she still owns the free press uh very much i'm i think she still hosts her podcast there and and still very much a figure um um there but so even in new york even in new york city you know they're trying to get they're trying to remind people we're we're here with the real stories yeah has everyone gone a little crazy for you that's a fun preview of things to come

well if you're wondering what politicians are doing about it there is some little bit of hope which is that it seems pretty bipartisan in certain circles at least that everybody's against both of these things Elizabeth Warren said a paramount just in reference to the Paramount Skydance offer a Paramount Skydance Warner Brothers merger

would be a five alarm antitrust fire and exactly what our anti-monopoly laws are written to prevent. The hostile bid is backed by a who's-who of Trump buddies, raising serious questions about influence peddling, political favoritism, and national security risks. I mean, okay, do something about it, man. Stop it. Jesus. And then there was this anonymous letter signed by apparently some A-list filmmakers,

and they made it anonymous for fear that Netflix would punish because they're the biggest fucking monster in town. Of course, they're going to probably, there's probably going to be some retribution if you do that. There's only so many places to take your project at this point. Yeah. You can go to Netflix, Disney. You know what?

We talk about it a lot in the bonus. You know who reigns supreme in the time of monopolized media? Mubi, baby. It's Mubi's time to show. Yeah, movie, dude, movie. Movie, brother. And yeah, the WGA, the WGA, the Writers Guild of America, the Teamsters Union. The Directors Guild apparently has withheld commentary. They're saying, we're going to look at both of these offers before we say anything. It's obviously very depressing. We went to dinner with a bunch of TV writers last night. It's, uh... Nobody likes this. The sentiment poor. Yeah.

I mean, yeah, it's just, it's just a, it is depressing, man. It's, I mean, it's already been such a difficult task making it in this industry. Every step has made it more difficult. These are just gigantic leaps in, in speeding up that process. It's very scary. It's, it's also just become a place where it's, there's no risks taken on unknown quantities anymore. It used to be a completely different thing.

You know, people, people used to, people used to take pride in finding new talent and bringing them to the public. Now it's just a, you know, people last night were joking last night. You can't get anything made unless you're, unless you're the biggest star in the world. And then, uh, it's just Ryan Reynolds and Jason Bateman and the rock. That's what Netflix

is going to be. It's just Ryan Reynolds saying something cheeky to Jason Bateman who turns and says something cheeky to the rock and it's all like some Santa Claus Squid Game fucking Slop. Can you name one more actor? Can you name

one more actor? It could be so we could make them all the sex sex in the city girls. So it's it's... Who else do they love currently? It's been... Who? Adam Sandler. Well, Adam Sandler

at least, well, no, his shit sucks, too. But currently, yeah, it's just Adam Sandler, Jason Bateman. I'm so fucking sick of Jason Bateman, man. Maybe Adam Sandler is Carrie. The Rock is... Oh, sure. The Rock is Samantha. Yeah.

Ryan Reynolds is a bit of a... Charlotte. Fucking Ryan Reynolds, dude. And Jason Bateman is a... An ass. I just am tired of Jason Bateman, dude. This last, especially... during the World Series. You've got Jason Bateman doing commercials nonstop for fucking Zootopia.

There's commercials before movies when you go to the theaters involving Zootopia. So you've got his voice always around. During the Dodgers, during the World Series, they always had to stop and show, and Jason Bateman's in the crowd. Jason Bateman is here. Jason Bateman. And then he's the voice of Hyundai for Radio As for Hyundai. so Jason Bateman on the radio talking about Hyundai

and then I've got Jason Bateman this year in that fucking security the movie where he's the bad guy and then he's got the show where he's I can't even remember what he's... I don't even know what the... It was called like Bag Check or something like that or carry on, carry on, I think. I recently saw a Reddit thread

that was talking about him that made me feel a little bit bad for him. Why? But I probably shouldn't. It's fine. What? Not bad for him. That he's been an actor's whole life? Well, so someone was ragging on it.

They basically, it was a picture of him and they were like, I hate this fucking guy. You know, he's such a smart or whatever. And the top comment, and basically every top comment was that he's very upfront about the fact that he grew up in a Hollywood. He was a child actor, grew up in a Hollywood bubble, and also admits himself that he's just so stupid. He's like, I don't know anything. Hmm. All right. Good for him.

I know. I liked him in game night. Apparently he's a good actor. He's a lot where he's like, I don't know anything. And I did like him in Black Rabbit. But I'm fucking tired. I'm tired of Jason Bateman.

I'm tired of Ryan Reynolds. Fucking Mint Mobile and your fucking aviation gin and your shit with your wife and four movies a year. Garbage-ass movies on Netflix. And I'm just tired of it. You got to get the bag, dude. Come on. What do you mean I got to get the bag?

No, they got to. Oh, yeah, yeah. He's worth like $600 million. It's not enough. Nothing's enough. Hang it up. What else do you need, sir? That is, it's hard not to think about that aspect of all of this where, how much do all these guys need?

I mean, does no one have any skin in the game to, what is, I think Ted Sarandos is, I think Ted Sarandos is going to make somewhere between $500 million and a billion dollars or something ridiculous from this deal? Yeah. Do you need that? I don't... Will Ferrell, I could swear it's his voice on a PayPal commercial on the radio. And he's kind of

doing like... I think it is. I think I've seen him in PayPal stuff. He's doing like a Ron Burgundy. And why don't you ask them about the... Why don't you ask them about the spam shit or the scam shit I'm doing this over here? And I'm listening to it and I'm like, Will Farrell is worth a couple hundred million dollars. like he's he he he's co-owner of a of a professional soccer league he's set for life like

maybe he enjoys it i mean that one i can that one i could see being hard to turn down the commercial work when they're like here's five million dollars for one day yeah come in and read the lines yeah that one i can go okay i mean my kids are at school i'm a little bored yeah yeah i'll go read the lines five million dollars who am i to judge maybe maybe buy us a I'll buy us a house in Martha's Vineyard or whatever we want. So that one kind of... Speaking of everything being, I guess we can wrap up with this... Let's talk about the Kalshi founder.

Down there at everything is monetized. I do feel bad because there are definitely some people who comment, like, the show is... These episodes depress me or whatever, and I don't know what to say. Yeah, I mean... This is the subject matter we cover, and it's just gotten really bleak. I really don't want it to be this way. Yeah.

I don't want this ultra-financialized economy. I don't want this complete monopolization of everything, watching the things we love just get sold off for parts. Yeah. But I don't know how to make it like... Yeah. It's the private equitization of everything, where their job is to swoop in... buy everything up and then strip it down to make it lean and mean in a profit-making machine thereby in service of making them more money at the cost of quality.

That's a positive aspect we actually didn't touch on. We're going to create a lot of shareholder value. Oh, yeah. And so maybe that's the aspect we met. I feel bad. Maybe we should have talked about that up top. We are, we're going to make a lot of people money. That's how I've been seeing.

So some of these, some of these, some of these, some of these, some of these like venture capital private equity assholes have been taking to Twitter talking about the working class people who stand to lose their jobs due to AI. And they're like, well, if they were smart, they would, they would use arbitrage and take their, their cash and via polymarket or colshi. place bets to hedge against their own demise,

thereby making them money. And it's like, okay, in, what, what are they going to find? Like, okay, what are they going to find? Don't worry, honey, I've wagered all our destruction.

I've wagered all our savings on our own destruction. The trucking industry is going to suffer a 30% collapse by the end of 2026. And if it does, yes, I will lose my job, but at least I'll have made a little. little bit of money betting on my own demise. Jesus.

It's like that's, it's so simplistic and so let them eat cakey to say like, oh, they can, they can mitigate their own, their own financial destruction by betting against it. By betting against themselves. And it's like, I, they, it's like I said, like, okay, which wager do I, I'm a trucker. How do I do that? Where do I find this? Which, which wager am I, do I have to be smart? What if I bet on the wrong one?

Yeah, what if I bet on the wrong one? And now I've lost my job and I blew all my savings wagering on what percentage of a hit. Well, it's your fault because you should have taken the time to learn and be better about this because this is the economy that we've built for you. And it's your fault if you fall behind and fall by the wayside because you're too stupid to figure it out and make the money on it.

It's very similar to the... Speaking of them talking about the working class, did you see the Alex Carp, the Palantir guy, talking about how he is for the working class because he's making the war equipment that the war equipment is that mostly working class people end up

joining the military which is true it's not something you do if you have a lot of options you know that's why I have you know my dad and my uncles went into the military and so they're saying we are for the

working class because we're making the war equipment that keeps them safe and stuff like that brother all right brutal Let's listen to this fucking Kalsi guy Multiple times that you think Prediction Markets will be bigger than the stock market

Wait, can you pause over one second? This lady is Everywhere all of a sudden Yeah, just I don't know Yeah What is it going to take to become a trillion dollar asset class? It's pretty much already like

Close to 100 billion a year of asset class Right? Like it's pretty easy to imagine a 10x from here Like we haven't even started It's been a year I think a very large number of people care, much larger than traditional markets. And I think retail as a pie has just been growing in the U.S., and I think it's going to keep growing.

It's growing in the stock market, but it's going outside of stock market. The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion. And I think if you do build a general purpose exchange that can resolve differences of opinions on anything, like the time is quite massive, quite a bit bigger than the current time of the stock market. I think putting aside sort of the retail trading and the institutional trading process, like there's sort of this separate product which is like we are living in a world where like we we have an abundance of information but there's a lot of noise and like we don't really understand what's real from what's not and prediction markets are an antidote to that they do a

very very good job at distilling information and and surfacing truth to people and you're seeing this sort of massive shift where like people are using them whenever they think about questions about the future you know whenever they're debating about anything and i think that trajectory is that's certainly true that's a new consumer habit but pause it for one second he he talks about it like these prediction markets are are accurate yes and and what you see is so many examples of people posting things to twitter when it's got it when it's gotten it right and been like wow what what did it know that the pollsters missed or whatever there are so many situations where they've just completely whiffed it and you just don't hear about that it's not like they've created some

modeling thing it's just a bunch of people gambling on bullshit yeah i just i i don't i don't know like This isn't even, they're not even, we're at the point where they're not even trying to hide it fake like they're contributing anything meaningful. Oh, he flat out said the goal is to financialize everything. Yeah. Awesome. You get your, you get their robo email that's like, um, about how you can't make your fucking child support payments. And it's like, would you like to wager whether you can actually pay? Would you like to gamble on if you're going to make child support?

Are you trying to get, can you not afford alimony? Can you gamble on that? You want to gamble? What are the prediction market saying about whether or not I'll get custody of my own children? I mean, we're joking, but... It's possible. Anything is possible. But now you add in all of the data they're mining from everything and injecting into all

these ad services they're buying up, and they go, oh, look at this poor fucker. Behind on Alimony, just lost his job. What if we start advertising him? he could be a big star if he just hits a just hits a parlay if he if he can gamble

correctly on on the demise of the the demise of the trucking industry the which which animal

will go extinct next where the next oil spill will take place he could be living large who's gonna who's gonna win the new

squid the new real life squid game I like that man calls she squid games um yeah Yeah, it's fun.

I mean, we, we, I think the final thing we can go out on is this poor schizophrenic woman who got scared by her refrigerator. Her refrigerator showed her an ad. And it wasn't that she was hallucinating. It's that refrigerators now do show ads. You got a smart fucking refrigerator. A pluribus ad for that new show, Pluribus. Oh, is her name? Crayed on a Samsung smart fridge and sent a UK woman to the hospital after triggering a psychotic episode.

Because click that first image. this is what the ad looks like we're sorry we upset you Carol and that woman's name happens to be Carol and the woman's the actor's name in the show is Carol and yeah

it's we're just not can you imagine this era no but also God damn I imagine buying a fucking smart that's why I hate my

my PC laptop I didn't realize this because I hadn't used a PC in like 20 years the native just not even on a browser. The experience on a on a PC now is loaded full of ads.

You've got an ad. Yes. You've got ads and you're like start menu. It's like you want to fucking, do you want to buy an Uber Eats? It's just there. You click your start menu and it pops up and then it shows you that you've got ads just

in the computer. It's fucking bananas. That is crazy. That makes a app and I'm like, whoa. I would pay a premium to not see an ad in that. You probably can. It's probably like, oh, get Windows ad free. And oh, thank God, Apple hasn't done that yet. Fuck, fuck me. So in conclusion, fuck you, Ted Sarandos. Fuck you, Larry Ellison. And David Ellison. And David Ellison. But put me in a movie,

please. Put me in a movie, please. And maybe I'll change my tune. Okay. We'll see you in the bonus episode. Benadimussel.com. Oh, let's tease it a little bit. What do we have? Autism chow. We got autism chow. I'm going to talk a little bit about Hamnet. And, of course, we're going to be dropping the Q&A phone number. And Tucker Carlson talks about gay people.

We got to talk, Tucker. We'll see you there. Coming up on this week's episode of Ben and Emile show.com. Fish that the tuna salad. Fish the tuna salad. If that ain't fished at the tuna salad. A little bit of tomato, small amount of tomato. In the...

No, lettuce for crunch? No, lettuce for crunch. I like a crunch. Yeah, maybe a little bit less. You want someone to put it on that for you. It's your, you're curious. And then I put on a little bit of the avocado. And then I put it on that on the top, honey mustard.

And if I come in... Two kind of mustard. Honey mustard and grapeoupon. Are you guys... And then I got a pickle on the side. And then I got a pepperuccini on the side. And I take a bite of the pepperoncini. And I take a bite of the pepperoncini.

And I take a... a bite of the sandwich. It's very good. And do you guys allow substitutions? What do you want? I want a little lettuce for a crunch. Okay. Yeah, you got it. Thank you. Is that the one that goes

Dan? No, that's it's March. No, we're not going to listen to it. No. No, no, am I actually? No, no, no, no, no, no. No, no, no. No, we're not doing that. Central Park is the one we want. We want of the really long one. Emile's just trying to kill time.

No, no. No, stop. I'm not. I actually really like... But I don't want to listen to this. We're not doing the bonus of just fucking... Okay. Okay, stop.

Because Ben is going to freak out. I'm freaking out, man. You don't even want to just watch the Central Park one? No. Because that's the best version.