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Business Movers

Hostile Takeover: The Sumner Redstone Story | Author Keach Hagey Examines the King (and Queen) of Content | 5

Business Movers

Wondery

History, Business, Entrepreneurship

4.81.5K Ratings

🗓️ 24 February 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

Journalist and author Keach Hagey explores Sumner’s reign as the “King of Content”, and examines what his daughter Shari must do to survive the “Streaming Wars”.

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Transcript

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0:00.0

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0:07.0

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0:13.0

Download the Wondry app in your Apple or Google Play mobile app store today.

0:31.0

It's 1994 on a tennis court.

0:35.0

Sherry Redstone and her father Sumner are deep in the middle of one of their regular matches, but this one's different.

0:41.0

The family empire is entering a new era.

0:44.0

Last year Sumner brought Sherry onto the board of national amusements where she was tasked with overseeing the expansion of the company's movie theater operations.

0:53.0

Sherry has since proven herself a force to be reckoned with.

0:56.0

She launched a bold yet strategic building spree that promises to bring the company wealth and prosperity.

1:02.0

Sherry's done so well that she was recently named national amusements new executive vice president.

1:07.0

But Sherry's dream is to take over the entire family business.

1:11.0

In order to achieve that goal, Sherry must stand up to her father and it starts here on the tennis court.

1:18.0

When Sumner lobs back a soft volley, Sherry strikes with a vicious back end.

1:23.0

The ball screams across the court.

1:26.0

Sumner swings and misses.

1:29.0

Furious, he throws his racket to the ground.

1:31.0

Normally, Sumner beats his daughter, but today Sherry got the best of her old man.

1:37.0

As they walk off the court breathless, Sherry flashes him a smile.

1:41.0

Good game, Dad. We both really left it on the court.

1:45.0

Sumner drenched in sweat, angrily guzzles down a bottle of water before responding.

1:50.0

Well, I left something out there. That's for sure.

1:53.0

Oh, come on, Dad. I thought you liked tennis.

...

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