Paramount Crashes Netflix’s Party & Trump Bails Out Farmers

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Morning Brew Daily 28 min 3 speakers 2 chapters transcribed
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What is the main topic discussed in this episode?

Unknown 0:01
The best B2B marketing gets wasted on the wrong people. In what possible world do I need the seven pound bag of wasabi peas that social media is obsessed with showing me? To reach the right professionals, use LinkedIn ads. LinkedIn has grown to a network of over 130 million decision makers. You can target your buyers by job title, industry, and more. Spend $250 on your first campaign, and LinkedIn will even give you a $250 credit on your next one. Just go to LinkedIn.com slash MBD. That's LinkedIn.com slash MBD. Terms and conditions apply only on LinkedIn ads.
Neil Freiman 0:36
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, Netflix crashes Paramount's party with a hostile bid for Warner Brothers.
Toby Howell 0:45
Then, tech bros are going to etiquette school to learn how to be normal humans. It's Tuesday, December 9th. Let's ride.
Neil Freiman 0:57
Have you ever seen an Indian wedding with the pageantry, the dancing, the food, the outfits, and thought, I would love to go to one of those, but how could I ever snag an invite? Well, you can pay for one. According to the Wall Street Journal, there's been a surge of Indian couples selling invites to foreign tourists that allow them to crash their weddings. As one visitor from Burlington, Vermont said, I thought, what a fun random adventure. We are in it for the plot. We are in it for the memories. The main facilitator of Indian wedding crashes is the startup Join My Wedding, which describes itself as the Airbnb for weddings. And business is booming. Registered ceremonies on the app are projected to double to about 10,000 this wedding season, which runs from November to February.
Toby Howell 1:39
I love this idea. Weddings are super expensive, so I'm all for offsetting it with a couple of interested outsiders. This also reminds me of another cheeky way to reduce costs at your wedding. Get a sponsor. One couple this summer got married in Vegas, presented by Hellman's Mayo, where the officiant was dressed in a giant jar of mayo costume. If one road leads to really expensive weddings, another leads to a promotional mayo campaign, but the third leads to foreign tourists dropping by your ceremony, I think I'm choosing the tourists every day of the week.
Neil Freiman 2:11
And now a word from our sponsor, LinkedIn Ads. Okay, wise guy, what's the last thing you spent $250 on? Pickleball gear. So like shoes?
Toby Howell 2:20
Yeah, shoes. $250 worth of shoes. Nothing suspicious at all. But it would have been smarter to send that to LinkedIn ads.

What is the significance of Paramount's hostile bid for Warner Bros.?

Toby Howell 2:29
They have the highest B2B return on ad spend of all online ad networks and a network of over 1 billion professionals and 130 million decision makers.
Neil Freiman 2:38
You can target your buyers by job title, industry, company role, seniority, skills, company revenue, so you can stop wasting budget on the wrong audience.
Toby Howell 2:45
Right now, spend $250 on your first campaign on LinkedIn ads and get a free $250 credit for the next one. Just go to linkedin.com slash MBD. That's linkedin.com slash MBD. Terms and conditions may apply. So remember in Harry Potter when Ron has a crush on Hermione, but she goes to the Yule Ball with Victor Crumb, meaning Ron has to bide his time until later to finally try and win her over? Well, imagine Ron is Paramount, Crumb is Netflix, and Hermione is Warner Bros., and you have a good handle on what's going on with the TakeOver saga. Paramount yesterday officially launched a hostile, tender offer for Warner Bros. Discovery. at $30 a share, which would value the total company at $108 billion. Paramount's pitch to Hermione, I mean shareholders, is that its bid gives them $18 billion more in cash than Netflix's offer, represents a better chance of getting across the finish line since regulators will be tougher on Netflix, and also asserts that they were always the better option
Toby Howell 3:43
had they only been given a fair shot paramount pinky promises it can afford the massive price tag despite its measly 14 billion dollar market cap thanks to help from oracle co-founder and elder ellison larry backstopping the bid along with debt commitments from banks notably the sovereign wealth funds of saudi arabia abu dhabi and qatar are also involved kicking in 24 billion dollars

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