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On The Tape

Okay, Computer: Ads, AI & Agave: A Conversation with Human Ventures’ Joe Marchese

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 25 January 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Dan and Joe Marchese, Build Partner at Human Ventures, discuss Disney’s battle to keep up with Netflix in the streaming wars (2:00), Netflix’s execution on its new ad-supported tier (6:00), the potential impact of the Justice Department’s new antitrust lawsuit against Google over its digital ads dominance (11:00), what industries are most likely to see M&A activity this year (16:00), why Joe is still bullish on Roku’s future (18:00), Twitter’s plunge in ad revenue and why many of the wrong people were laid off (21:00), if Snap could be a major beneficiary from Twitter’s woes (23:00), why Meta needs to re-focus on commerce (25:30), the strength of luxury brands & growth of top-shelf tequilas (29:00), reshaping the exhibition of movies (33:00), and the state of corporate giving (36:00). — Check out the companies discussed in the episode: -Groundswell -Kinema -Tequila Komos ---- View our show notes and transcript here ---- Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0

Welcome back to OK Computer. I am Dan Nathan. I am here with my good friend Joe Marquesi. Joe is the

0:07.2

build partner over there at Human Ventures. But that does not encapsulate all that you are,

0:11.8

does it, Joe? I mean, I hope not. You and I have a lot to talk about. I've been trying to actually

0:16.4

get you on CNBC. I've been trying to get you on the pod. You've been running around just launching

0:21.0

Comos. Is it? You're launching Comos tequila in Paris? I didn't get the invite for whatever reason,

0:26.5

but you were spending some time there. You're out at Sundance right now. We're going to talk about

0:30.1

the future of the movie industry. And then I think you and I are going to be catching up a little bit in Miami and LA this week. We got a lot of catching up. You know, I love New York.

0:38.5

It is my home, is my forever home. It's number one in the world for a reason. But if January,

0:43.9

February are decent months to be other places, if you have to leave New York, if you absolutely

0:47.9

have to go away from New York, that's probably the months to do it. Yeah, no doubt about it. And again, there's been a lot going on though in the spaces where I think that I often

0:55.7

lean on you for explaining a little bit of your past expertise.

1:00.2

You sold a company to Fox and you ran their ad business for a very long time.

1:04.9

You had at your disposal, I think, billions of dollars in ad dollars.

1:08.6

And there's a lot going on in the space right now.

1:10.3

And I thought our listeners might appreciate hearing from you. There's a lot going on with Disney. There's a lot

1:14.4

going on Netflix. You saw that quarter last week. You saw what they had to say. You saw what they

1:18.3

had to say about the progress of the ad supported business. So you and I haven't chatted on that

1:22.3

a little bit. We also want to get, I don't know if this was just hit the tape right now, and I know this is an evergreen sort of story that the Justice Department is focused once again on Google's ad business, so their ad tech business in particular. Where do you want to start? Jump ball here, Joe.

1:36.4

Funny, you said I had billions of dollars at my disposal at Fox. I wish it was at my disposal. We had a sales team that had to go out and sell multiple

1:46.1

billions of dollars in advertising to the bigger brands, mostly to the agencies, but the Super Bowl,

1:52.3

the World Series, the Simpsons, FX National Geographic. It's an interesting world watching

1:58.0

everybody get into the ad business right now when TV's been there for so long

...

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