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The Prof G Pod with Scott Galloway

The $160 Billion Video Game Industry Explained

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Careers, Entrepreneurship, Business

4.64.1K Ratings

🗓️ 19 November 2020

⏱️ 56 minutes

🧾️ Download transcript

Summary

Joost van Dreunen joins Scott to give the lowdown on the video game industry. We hear about the trends, the major players, and predictions around live streaming, user-generated content, advertisers entering the space, Big Tech’s role, and Asia’s influence on the global games’ economy. Joost teaches at NYU’s Stern School of Business and his book, One Up: Creativity, Competition, and the Global Business of Video Games, is out now. Follow Joost on Twitter, @joosterizer. (18:00) Scott opens with his thoughts on Airbnb’s IPO, Disney’s earnings, and Netflix testing out a linear channel in France. This week’s Office Hours: why Amazon gets hit with antitrust before other big retailers, the value of experiential retail, and who should fix remote learning. (46:00) Related Links: Read: AirbnBaller Watch: Airbnb: A $100 Billion Story Have a question for Prof G? Email a voice recording to [email protected]. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Episode 36, the atomic number of krypton 36 is a perfect score on the ACT.

0:06.2

I took the SAT three times such that I could get in the 80th percentile,

0:09.6

but I didn't have great grades either yet the University of California Los Angeles

0:13.4

and Berkeley led an unremarkable kid in why? Because we hadn't lost the fucking script back then.

0:18.8

Higher ed is about not taking the 1% and turning them into billionaires,

0:22.5

but taking the other 99% i.e. yours truly and giving them a shot at the 1%.

0:27.6

We need to fall back in love with the unremarkables. Let's love the unremarkables. Let's start here. Go, go, go!

0:43.8

Welcome to the 36th episode of the prof G show. In today's episode we speak with Yost,

0:49.6

Vandruna. Yost, Vandruna, where's Margaret? It's Vestia. Anyway, anyway, Yost teaches at

0:57.6

N.W. Eastern School of Business. He's a colleague and is the author of one-up creativity competition

1:01.9

and the global business of video games. He is a really interesting blue flame thinker. He's

1:07.8

probably, I think, one of the key academics in the world right now in video games. And of course,

1:12.8

N.W. Eastern sort of woke up and realized we had the top academic in $160 billion industry.

1:18.8

And he was Yost shows up and illuminates us. He gives us the 411. He drops some knowledge.

1:25.1

Okay, what's happening? The IPO. Get the hound. Has been waiting for us finally. Inside. Airbnb dropped

1:32.0

there. That's one. They are going public. It looks like in December. Some of the interesting things

1:37.9

in the filing, the most interesting, the most interesting factoid that I found. Approximately 91% of

1:44.1

all traffic to Airbnb get this 91% is coming through direct or unpaid channels.

1:50.9

During the nine months ended in September 30th, 2020, nine of 10 customers are not coming through

1:59.6

the stranglehold of Facebook and Google. Who else can say that? Can Amazon say that? I don't think so.

2:05.7

Can any consumer brand, I don't care if you're Mary Ott or Chanel, can anyone claim

2:10.1

that they are getting 90% of their traffic through non big tech channels? Think about the customer

...

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