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Slate Money

Slate Money - Two Scaramuccis

Slate Money

Slate Podcasts

Business, Investing

4.11.1K Ratings

🗓️ 23 April 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

This week, Felix Salmon and Emily Peck and Elizabeth Spiers talk about the shakeup in the streaming world with Netflix considering ads and CNN+ folding, the end of the public transportation mask mandate, and inflation. 


In the Plus segment: Elon Musk, one more time.


Mentioned In the Show: 

Netflix, Facing Reality Check, Vows to Curb Its Profligate Ways” by Joe Flint

Inattention and Prices Over Time: Experimental Evidence from ‘The Price Is Right’ (1972-2019)” by Jonathan Hartley

Musk’s Twitter funding is secured” by Issie Lapowsky

 

Email: slatemoney@slate.com

Podcast production by Cheyna Roth


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hello, Emily Peck of Axios is with me. Hi.

0:23.0

Hi, Emily and Elizabeth Spires.

0:25.0

Hello.

0:26.0

Hello.

0:27.0

So you remember what a Skarouchi is, right?

0:30.0

It's the length of time that Anthony SkaroimMuchi spent as Com's Director for Donald Trump, I think it's 11 days.

0:36.4

CNN-plus managed to outlast that in its lifetime existence, but not by much.

0:42.2

It loves it about two Skaro-Muchi's. So we're going to talk about CNN plus and Netflix earnings which were disappointing. Their subscribers going down rather than up. We are also going to talk about mask mandates and why everyone seems to be happy that they are going

0:56.1

We are going to talk about inflation and what it has to do with

1:00.4

Prices on the internet and we have a slate plus about Elon because we can't stop talking

1:06.4

about Elon. It's all coming up on slate money.

1:12.3

Okay so let's talk about streaming because it was the future of all things

1:19.2

televisions until this week at which point shit got real and CNN plus got canned and

1:28.5

Netflix fell off a cliff and Netflix said it was losing subscribers and was going to have to start pivoting to a

1:36.0

grab bag of other business models like selling ads and video games and stuff.

1:42.7

And yeah, what happened?

1:46.2

Elizabeth, you're the media person,

1:47.5

you understand these things.

1:49.3

I think what we're seeing is just kind of a people

1:51.4

hitting a ceiling on the number of things that they can

1:53.7

subscribe to and we're in a heavy inflationary environment so people are looking for areas where

1:59.2

they can cut back costs and you know Netflix raised prices on the subs pretty recently so I think

...

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