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Squawk Pod

The IRS is Eyeing Crypto; Discovery is Entering the Streaming Wars

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 3 December 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

Discovery is the latest media company to jump into the streaming wars with Discovery+. Discovery CEO David Zaslav and Verizon Consumer Group CEO Ronan Dunne discuss their partnership, the two-tiered streaming service, and the year of ad-free content for 55 million customers. If you’re cashing in some of your Bitcoin this year, the IRS wants to know about it. CNBC’s Sharon Epperson reports that the IRS is eyeing crypto profits with new tax disclosures for digital holdings. Plus, a $900 billion coronavirus stimulus plan and electric vehicle adoption.

Transcript

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0:00.0

This is Squawk Pod. I'm the

0:03.4

C. N.C. producer Cameron Costa. Today on our podcast, a speed bump on the new frontier.

0:09.7

Bitcoin Bulls may have some paperwork to do this upcoming tax season, the IRS finally has its

0:16.2

eye on digital holdings.

0:18.2

You know, it's like, the Wild Wild West only lasted for so long, right?

0:22.6

And from the network that brought us, Chip and Joanna Gaines,

0:26.0

naked and afraid, and the Blue Planet

0:28.5

comes a new streaming service.

0:30.6

Discovery CEO David Zaslav makes the case for the eighth major streaming option, Discovery Plus.

0:37.0

We hit the market in January. We're one of one. When people watch TV, 40% of what they watch is scripted series and scripted movies.

0:44.8

Where everything else?

0:46.3

Your streaming docket might seem crowded, but Zazlav says you're probably already making time

0:52.2

for discovery's content.

0:53.6

We might not have the big red carpets, but 90-day fiancé is the number one show on television.

0:58.4

Number one.

0:59.6

Those stories, plus COVID- Relief Adopions, and it's a brotherhood of the pandemic pants.

1:05.8

Seen or unseen, worn or unwarn. Who's really to say?

1:09.8

We all need to come clean on this kind of stuff.

1:12.0

You know what I'm doing?

1:13.2

I'm pulling a Kernan.

1:14.7

Squack pod begins right now.

1:17.4

Good morning, everybody.

...

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