$WBD shakeup, streaming earnings, Locket raises $12.5M, Lina Khan/FTC sues Meta | E1526
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 5 August 2022
⏱️ 73 minutes
🧾️ Download transcript
Summary
Lon Harris joins the show to break down the chaotic shakeup going on at Warners Bros. Discovery, what's happening with HBO Max, potential new roadmaps for the DCEU, and more. (2:46) Then, J+M break down a new intimate social app called Locket raising $12.5M (44:02) and Lina Khan taking action against Meta. (51:39)
(0:00) J+M intro today's topics!
(2:46) Lon Harris joins to break down what is going on at Warner Bros. Discovery
(14:05) Grammarly - Sign up for a free and get 20% Grammarly Premium at https://grammarly.com/TWIST
(15:22) Is streaming subscription revenue a viable business compared to big box office hauls? Is $WBD making a terrible move re: creative relationships?
(24:26) Indochino - Get $50 off any purchase of $399 or more by using code TWIST at checkout https://www.indochino.com
(25:48) Discovery vs. HBO branding, Roku/Paramount Plus subscriber counts
(38:11) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at https://aka.ms/thisweekinstartups
(39:34) Lon's crypto queen series update
(44:02) Social app Locket raised a $12.5M early-stage round of funding
(51:39) Lina Khan sues Meta over a ~$400M VR acquisition and tries to change the antitrust precedent
Transcript
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| 0:00.0 | All right, everybody, we're back and today we're kicking it off with Law and Harris because |
| 0:04.9 | it's Thursday and he's helping us break down a pretty major shake-up in the media space. |
| 0:10.2 | This was like, you can't, usually it's been a long time since Twitter was talking about |
| 0:14.7 | just one thing and that was happening. |
| 0:17.1 | Yeah, that's happening and we're talking about Warner Bros Discovery because we always do this |
| 0:21.0 | week in streaming on Thursdays, our little segment with Law and as you know, I bought some |
| 0:25.0 | Warner Bros Discovery because my guy, Discovery CEO David Zazlov, took over and heads have rolled |
| 0:32.3 | products are being canceled, movies are being canceled, they're very controversial. |
| 0:36.3 | We're going to have to break down what we think is happening here and then who is going to win |
| 0:40.8 | the streaming wars and we're going to touch on a little bit of power amount as well. |
| 0:43.6 | It's a great, it's a perfectly timely, awesome conversation and then we're going to break down |
| 0:49.7 | a little bit of a series A and M&A. We've talked a lot about social media alternatives and these |
| 0:55.7 | apps, mostly we've talked about B real, but turns out Lockit might be creeping up fast from behind. |
| 1:01.7 | Yes, and Lena Kahn, head of the FTC, is making her first move. |
| 1:07.3 | She's suing meta from buying a very tiny little company, but her methodology, the new methodology |
| 1:14.8 | she's bringing to antitrust is what is at stake right here, it's going to be a great episode. |
| 1:19.6 | Stick with us! |
| 1:49.8 | Shirts and casual wear at affordable prices. Shop for your next best look or book a virtual style |
| 1:57.3 | consultation at Indochino.com. Right now you can get $50 off any purchase of $399 or more |
| 2:07.5 | by using code TWIST at checkout. And the Microsoft for Startups Founders Hub helps |
| 2:15.0 | all founders build a better startup at a lower cost from day one. Open to anyone with an idea, |
| 2:22.2 | you'll get up to $150,000 in Azure credits, technical advisory, access to mentors and experts, |
... |
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