Shari Redstone, Vice Chair, Viacom (Code Conference 2017)

Channels with Peter Kafka

Vox Media Podcast Network

Technology, Tv & Film, Business News, News

4.4 • 585 Ratings

🗓️ 13 July 2017

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Viacom and CBS Vice Chair Shari Redstone talks with Recode's Peter Kafka at the 2017 Code Conference about the venture firm she co-founded in 2011, Advancit Capital, and why it operates outside of her other companies. She says her biggest mistake there was not investing in Twitch in 2011 because she thought the video game-streaming company was already too highly valued. Redstone also discusses how content companies like Viacom are facing the challenges of the digital age and why they don't necessarily need to sell themselves off, as Time Warner is trying to do. She says she's not too worried about tech companies like Twitter, Google and Facebook making bids for the rights to NFL games, which CBS has locked up for several years. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This is Recode Media with Peter Cofka. That's me. It's part of the Vox Media Podcast Network.
0:07.4	I'm here at the Vox Media Podcast Studio. I'm here by myself because today we're going to play you an interview I conducted a couple weeks ago at the Code Conference of Sherry Redstone.
0:17.0	Sherry Redstone is vice chair of CBS and Viacom, which is a fancy way of saying she controls CBS and Viacom, which makes her one of the most powerful and important people in media.
0:27.0	She's also an investor in media through her advanced capital group.
0:30.6	So we had a lot to talk to her about.
0:32.9	Sherry Redstone doesn't talk a lot in public, so we're very glad we get to share this rare appearance with you guys.
0:38.6	Enjoy.
0:43.2	Thanks for joining.
0:49.7	Thanks for joining us.
0:51.2	My pleasure.
0:52.3	You had a good perspective on the Martian there.
0:54.5	I did indeed.
0:55.5	You know exactly why there was a Chinese plot in that movie.
0:59.7	I do.
1:00.1	Do you want to spell it out for anyone who doesn't know it here since you're in the movie business?
1:03.2	Well, since I'm in the movie business, and since this is all very highly confidential,
1:07.7	I think sometimes in the movie industry, we like to have some connection to China to make sure that our films actually have an ability to play in China and I think so
1:17.1	And I'm sure it was definitely because the Chinese had the best system to get up in space and save America once again
1:23.6	She said it. It is true
1:26.2	I think most of you know about Sherry's involvement with
1:28.7	CBS and Viacom. We're going to talk about that. Some of you may not know what you do at
1:33.0	Advance It. Let's talk about that for starters. What is it Advancet?
	...

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