👄 “Call Her Rich” — Alex Cooper’s $500M pod. Paramount’s Late Fees. Candy Crush’s infinite game. +LA Lakers Midlife Crisis

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The Best One Yet 22 min 2 speakers 4 chapters transcribed 1 month ago
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What is the main topic discussed in this episode?

Unknown 0:00
This
Nick Martell 0:01
is Nick. This is Jack. It's Thursday, the new Friday, August 13th, and today's pod is the best one yet. This is a T-Boy.
Unknown 0:08
The
Nick Martell 0:08
top three pop business news stories you need to know today. Oh, second to last daily show before our T-Boy annual summer tradition vacation,
Jack Crivici-Kramer 0:16
Jack.
Nick Martell 0:16
Yes, but next week we're giving you a sneak peek of our new series. Oh, how's that for a tease? I'm very excited. Nick and I have been working on this. We're proud to show it to you first. Jack, can I drop a spoiler quickly? Sure.
Okay.
Nick Martell 0:26
If you know, you know. Jack's the only one who
Jack Crivici-Kramer 0:29
knows. Well, I'm the only one who knows. Yeah, you're the only
Nick Martell 0:31
one who knows. Our team won. You guys signed the NDAs? All right, we're good, we're good, we're good. In the meantime, we got three fantastic stories for the coolest place in capitalism. What do we got, Jack? For our first story, Paramount Studios might have to pay the world's biggest late fee ever. Oh, boy. Nearly $10 billion. So now they're threatening to quit California. For our second story, it's Candy Crush. It's now the biggest mobile game ever, played by 81 million people. Because the point of Candy Crush... is you never actually finish Candy Crush. And our third and final story is Call Her Daddy. CHD. It's now worth $500 million after a Hollywood fundraiser. But the business model is Dr. Dre in Eminem.
Nick Martell 1:08
But besties, before we hit that wonderful mix of stories... Ho, ho! What a mix of stories. I'd love to have you here, Jack.

What is the biggest late‑fee risk facing Paramount’s Warner Bros acquisition?

Nick Martell 1:13
Looking fantastic. Great mix. Forget buying a record-setting yacht
Jack Crivici-Kramer 1:17
or
Nick Martell 1:17
doing a space tourism or buying your own private island. Besties, America's billionaires are on a shopping spree for sports teams this week. On Tuesday, private equity firm Apollo bought a piece of the New York Yankees. The pinstripe uniform sold to the pinstripe suits. The day before that, Jeff Bezos was reportedly buying a piece of Liverpool FC. Hey, Alexa, add a soccer team to my shopping cart. And on the third day... Yesterday, the Los Angeles Lakers sold for a record price. 12 and a half billy, the most expensive sports franchise ever sold.

Why is Candy Crush still the world’s most successful mobile game after 15 years?

Nick Martell 1:48
Just one year ago, the Lakers sold for a then record $10 billion.
Jack Crivici-Kramer 1:51
Carved it on the
Nick Martell 1:52
pot. To the guy who actually owns the LA Dodgers, too. Yeah, but Jack, now he's under a criminal investigation, so... So he made the fastest $2.5 billion profit ever. He's flipping teams, Nick. Okay,
Jack Crivici-Kramer 2:03
but...
Nick Martell 2:03
He's flipping teams. Jack, the new buyers of the Los Angeles Lakers? There's two of them. Two of them. First is Bob Iger, twice former CEO of Disney. And second is Josh Kushner, brother of President Trump's son-in-law, Jared Kushner. Now, we should point out both of these men already own other pro sports. Jack, we should also point out Kushner already owns two other pro sports teams. And we've got a theory why. Yeah, we do. Buying a pro sports team is the new midlife crisis. I mean, Jack, why buy a car? Why buy a yacht? Why buy a really fancy schmancy watch? The car requires maintenance. The yacht could sink and you could lose the watch. Oh, I don't even know what time it is right now. So while those assets deteriorate, sports teams only go up.
Nick Martell 2:39
And that is why, besties, if anyone says to you today, did you just see that record-selling price for the Los Angeles Lakers? Stomp you out. It's a midlife crisis. It's a midlife crisis. It's just a midlife crisis. We actually pity the buyers of the
Jack Crivici-Kramer 2:50
Lakers. Let's hit our three stars. Start the show.
Nick Martell 3:21
First, a quick word from our sponsor.
Unknown 3:31
For our first story, David Ellison
Nick Martell 3:34
is so mad at California, he's threatening to move Paramount Studios all the way to Texas. Because on June 4th, he'll have paid almost $10 billion to not buy Warner Brothers. This is the biggest late fee ever. We got to tell you about it. But first, on October 1st, Paramount Studios will leave California unless... Jack, let's sprinkle on some very critical
Jack Crivici-Kramer 3:53
context. It is a bunch of
Nick Martell 3:54
context here. Paramount Studios agreed earlier this year to acquire Warner Brothers Discovery for $111 billion. And since then, this has played out like a drama screenplay, baby. They won a bidding war against Netflix, which results in Harry Potter, meet Beavis and Butthead.

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