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Sam Reich

๐Ÿ‘ค Speaker
463 total appearances

Appearances Over Time

Podcast Appearances

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Like we know that we have people that we can turn to and they know that they have that amount of job security.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

And then the downsides are that we have to make use of those people and only those people because we have to derive that amount of value from them.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

So it means that the pool gets smaller.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

And then the downside for them is that they can't explore other opportunities that might pop up as a result of their employment with us.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

I don't know how much people know about exclusivity, but I think this stuff is so interesting where it's like if you are signing up to participate in a project, let's say Apple TV comes and wants for you to be in their show, you will sign a contract with Apple TV that's like you are committed to X number of episodes over Y period of time.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

You're usually signing up for multiple seasons.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

But as a part of that contract is like you can't do other things, usually in that category, which is to say like you can't do other streamers shows, for instance, without Apple's permission.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

But then imagine for a moment that.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Apple takes a long time to pick up a second season of your show.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

And those times are built into your contract.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

So maybe it takes them like nine months to pick up another season of your show.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

For that nine months, you are not allowed to do other streaming things, which is a huge.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

yeah for sure keep your hair the same length keep your nails the same length you know yeah don't uh i mean it's uh that that's tough exclusivity is really tough for folks um who are grateful to be working with this business in this business at all and so very little negotiating room so like our attitude about it is if uh we were not accommodating of people's other work

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

We would simply be forcing them to make a choice between us and the other work, whatever it is.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

So the fact that we don't ask for exclusivity of any kind means that Lou Wilson can work with us because otherwise he is full time at Jimmy Kimmel Live.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Right.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

You know?

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Oh, yeah.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

Interesting.

Decoder with Nilay Patel
CEO Sam Reich on the business of subscription comedy

We are trying to position ourselves as everyone's favorite person.