Alternative Assets with Reddit Co-Founder Alexis Ohanian; Post-Pandemic Music with 300 Entertainment’s Kevin Liles

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 March 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A $69 million price tag for a digital piece has taken the art world by storm. CNBC’s Wealth Reporter Robert Frank shares details of Beeple’s enormous deal. Reddit co-founder and venture capitalist Alexis Ohanian weighs in on NFTs and Leore Avidar, founder and CEO of alternative assets, shares his vision of a world beyond cash. Plus, the Grammy Awards are this weekend; Kevin Liles, CEO of 300 Entertainment, the record label behind Megan Thee Stallion, Fetty Wap, and Young Thug, discusses live music in a post pandemic world.

Transcript

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0:00.0	This is a squawk pod. I'm C. NBC producer Katie Pramer. Today on our podcast.
0:06.0	This really was kind of a game stop moment for the art world.
0:10.0	Non-fungible assets breaking records, a $69 million price for digital art, will get into the rise of alternative investments with Alexis Ahanian Reddit co-founder.
0:19.0	This is a manifestation of, frankly, changing markets and changing investor bases and folks who are looking for ways to put capital into
0:31.0	alternative assets.
0:32.0	And vaccinations ramping up, which means concerts could be coming back.
0:37.0	Festivals are setting hopeful lineups and the music world is setting a safe stage.
0:41.0	300 entertainment record label CEO Kevin Liles.
0:44.0	Even with the vaccinations going at the pace they're going, I think we still should wear masks,
0:48.8	you know, follow the CDC rules.
0:50.5	But you know something about music, man, whether you have a mask on or not it just uplift your spirits
0:56.3	We've got those interviews today, but first COVID vaccine rollout and monitoring the markets like only we can
1:02.3	I don't think there'd be anything better
1:03.8	than the Squawk stack. It's Friday, March 12, 2021, Squawkpad begins right now.
1:11.1	Good morning everybody. Welcome to Squack Box. This is
1:13.7	CMBC. I'm Becky Quick along with Joe
1:16.4	Kurnen and Andrew Ross Sorkin. All right guys, here is our new regular
1:21.4	feature that Joe did you come up with this Monday or Tuesday the
1:24.8	squawk stack it was a game stop day I think what was it Tuesday
1:30.1	Monday I'm sorry?
1:33.0	I don't know.
1:34.0	We're working on about a week of this.
	...

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