Joe Escalante Live from Hollywood. By Hollywood, you mean Burbank. We are
two hours of the business, end of show Business, airing live every week
from five to seven high Top the iHeartMedia towers and it is free advice.
I don't give advice anymore, Sam do, I not as much now?
Whatever calls all right? The advice is free and worth every penny. That's
what I used to say. But anyways, we're here, we're live.
I have Sam here, our engineer, we have producer Nikki. Let's just
call it out. It's easier. Okay. How are you, Nicky?
I'm doing well. How about you? Pretty good? How are your Hollywood
dreams coming? Oh? They're good. I'm I'm going to go dance along
Hollywood Boulevard later tonight, hopefully take some pictures with Spider Man. That's a
good idea. That's my evening plan. You're you're kind of new to the
show. But what one of my pet peeves in Hollywood is the the fact
that more celebrities don't spend more time on Hollywood Boulevard. And I think it
should be a a requirement to as membership in the Screen Actors Guild two go
to Hollywood Boulevard and take pictures with tourists. You know, I actually agree
with you on that. I think that it's kind of like you got to
do community service. I don't want to be on Hollywood Boulevard, but someone's
got to be, you know. Yeah, and we can We can't keep
having five Spider Man's five Hello, Kadis you know three buzz light years.
That doesn't make sense in the universe. We got to have some real people
out there doing time. Honestly, Yeah, that's what that would actually change
the game in Hollywood, I think, because if you have real celebrities there,
you would have a lot fewer of the buzz light years. Yes,
yeah, there would be a lot. And the real celebrities smell a lot
better than the fake but buzz light Year. That's what I've noticed. Yeah,
that's my research. Whoever's in charge of the HOA of Hollywood really needs
to start recruiting for the community service hours taking place on Sunset and Hollywood.
Actually, we can tag Sunset in on this, so every Sunday we do
two hours here. The business end of the show business and one of the
one of the plagues of the business of show business right now, is a
lot of I mean, there's two things. There's, of course, there's
the casting couch, which we don't approve of, but the cancelation of the
celebrities, you know, got out of hand at the peak of the Me
Too movement, and I'm sure a lot I think a lot of reckoning happened
in the Me too movement. You won't you won't get me like trying to
rail against the Me too movement. But there's also there were also a lot
of casualties that I'm not sure were kosher like, and one of them is
speaking out for the first time mister Armie Hammer. As you remember, he
was accused of cannibalism and he was accused of sexual assault. When people say,
like the cannibalism, okay, we don't we that's probably phony. And
when you looked at the text or whatever, like it's like, you know,
hey, I'm going to eat you. You're so good looking, I'm
going to eat you up. My wife says that to me all the time.
But there's also there was a sexual assault claim and there was an emotional
abuse claim. However, no charges were ever filed after the Los Angeles Police
Department did an investigation, so this guy. The last I heard, he
was selling time shares in like the Virgin Islands or something like that. They
dropped him from his movie. Do you guys know what movie he was cast
in when all this went down that he that he had to be replaced.
It was a TV series and it was called well, it was the Already
Story of the Godfather. Oh, this is something that you talked about pretty
extensively as it was coming out. Yeah, because Already was a friend of
mine. Yeah, so I'd like to talk about myself, especially if I
know a famous person. I mean, come on, but Already was supposed
to be played by Armie Hammer, and I got all excited because I love
Army Hammer, and I'm like, hey, You're gonna be played by one
of the coolest actors around. I know he's a can of but and then
you know, but he just called the offer. They ended up casting Miles
Teller, who is also a pretty cool actor. Are you guys familiar with
this guy, Miles Teller, Marles Teller? What was he in? You
know, he was in the offer? He was in he was so familiar.
Oh yeah, he was Okay, wait, I think I know a
rabbit whole divergence. There we go. That's how I know him. Whiplash.
He was in Whiplash. Yeah, good movie, mm hm and uh
okay, so he was good. But Armie Hammer was supposed to play that
and then he got, you know, just totally canceled. So he just
now it's starting to talk about it, and basically he's saying he was on
a podcast. It seems like that's what these people do. I mean,
podcasts, if are good for nothing except for if not for canceled celebrities,
you know, edging their way back back into the to the public guy.
And he basically his response is kind of what you would you would imagine,
he said, you know, and now he's able to look back on it
and say they said it was a cannibal. I mean, that's just hilarious
now hilarious. And so this guy is maybe his life was saved. Can
I get an amen on that? Amen? And I mean I feel like
as a Catholic, now he's got the body and blood of Jesus Christ to
fill him up, you know, And I feel like, well, whatever,
yeah, whatever he was looking for, he could have found it in
the Calathic Church. Because if if you ever want a religion that like parallels
cannibalism. There you go, yeah, so yeah at all. So I
I I welcome this guy back. Does he does he deserve a place in
show business? Let's start with our female for no particular reason, our female
voice here. What do you think? I mean? I will say,
for all the cannibalism stuff. Right when that came out, my instinctual response
was, that's hilarious. I need to know what he said, and I'm
refreshing, refreshing myself now on you know what he said that that caused all
of these cannibalism allegations. And I have to say, I think that no
real cannibal would confess all of these things over Instagram DM. You know,
that's like you have a signal chat or a telegram for that kind of desire.
So it's it comes with this sort of just attitude that can only really
exist on like a social media DM platform. So I always thought that was
kind of funny. I mean, clearly the person that he was messaging was
going on with with it for long enough. Ha ha. Oh you want
to take my beating heart out ha ha? Then what you know, and
also the thing about actors is that they're all kind of crazy. That's why
they do it. Yeah, yeah, yeah, so I trust him more
in his craft actually as a results, he was just acting like a cannibal.
Yeah, what a good actor. Seriously, Yeah, he he is.
I mean, he really got his his he I'm not saying his life
is ruined because he might be better now he's telling us he's better, but
his life was saved perhaps, but he is. Ah. I just say,
just profoundly unfair. What happened to this guy, And it's happened to
a lot of people, and it seems like it's happening less but uh,
it's just you know, I hope, I hope Hollywood has learned some lessons.
It seems like there's but there's always someone new who didn't get any of
these me too lessons. You know, there's always this story every every couple
of weeks of like, what's the like, p did he like? He
didn't didn't seem like he learned a thing from any of this. He just
went about his trafficking lifestyle. So hopefully this guy sounds like he he learned
a lot. And I'm not you know, there's no evidence really that he
even was abusive to these women. Or assaulted them. Maybe he didn't,
Maybe he didn't, I don't know, but he certainly didn't deserve to lose
his whole life. So Armie Hammer, welcome back. We look forward to
seeing you in maybe a next time. He could be Batman or something.
Now, does anyone going to hire him? Yes? No, I don't
know, But we should go to break. I should go to break because
we don't know the answer, so we should just go. We'll talk about
something else. We're going to talk about the box office and the movies we
saw right after the break when we checked the traffic. Joe Ascalante Live from
Hollywood, Scilant Live from Hollywood. By Hollywood you mean Burbank. I'm here
with Sam and producer Nikki, and we were talking about the business end of
show business, and some big business in show business is always the box office.
So let's take a look at the top ones and then we'll see if
anybody saw anything this week. Number one, no surprises here. Walt Disney's
Inside Out does thirty million, sorry, two hundred and eighty five total,
but thirty million for the week. Bad Boys coming into five million, so
it really drops off after the Inside Out. Everybody wanted to see Inside Out.
And then after that it was you know two. Number three The Bike
Riders, that movie about a motorcycle gang called the Vandals, and got some
intellectual property problems in that movie. Because they're now releasing jackets and I know
a punk band that has a trademark on jackets that say the Vandals in them.
So they're in trouble. We'll see how they react to our season desist
letter. Number First of all, if you're making a movie and your biker
gang is called the Vandals, it's just too like on the nose, all
right. There's nothing clever there, there's nothing original, and there's already a
band called that that some could call a gang so vicious and formidable. It
just shows a lack of a lack of imagination from focus features the Bike Riders,
So I don't recommend it. Number four the Garfield movie very original.
I mean, whoever heard of a cat that could talk? Or I don't
know if he moves his lips? Does Garfield move his lips or he just
thinks in the movie he does, now he does, okay. Number five
Kingdom of the Plan of the Apes still hanging on like that. That tells
you that's a good movie. Number six, The Exorcism. You know we're
going to talk about that in a little bit. Number seven. If we're
going to talk about that too, then the rest of them get in a
big goop of furiosa. The fall Guy, the Watchers, blah blah blah
blah blah blah blah. Sam, did you see a movie? I did
not. I stayed in and you know, I had a couple of family
crises come up, so I had to kind of park it a little bit
for the week. Interesting. What kind of car do you drive? Oh?
Not? I did not get the new one. We're picking it up
on Monday. All right, Cool, that was forgot. Did anyone watch
the John Mulaney Netflix special? Oh? I did not yet. I saw
some clips from it, but I did not see it in full. He
takes calls, and one of the things he does when he takes calls when
he's tired of the person, he asked what kind of car they drive?
And that's how it gets rid of him. I'll just try and get out
on you, Sam. Don't mean any harm. Okay, So NICKI did
you go to the movies? I did not go to the movies this week,
but my close friend Eli's been going to double and triple features at the
new Beverly Cinema pretty much every single day since moving here. He moved to
La I think a week and a half ago, and I swear to God,
I'm surprised that he has now seen more of the city that I grew
up in than I have, because he's driving from from like lower than Torrents
to just watch triple features. I did not join him this week. I
do plan on joining him next week, but I did rewatch Sophia Coppolas Mary
Antoinette. I love that movie. Watched it at home. Okay, I
haven't seen it. That's a good record. He's one of my favorite directors.
It's a masterpiece. And the standout thing to me about that movie is
the soundtrack. The soundtrack is a mix of sort of baroque music and then
what's the word modern music that sounds kind of baroke, a lot of Aphex
Twins, Susie and the Bansheese mixed in with like Harpsichord. So fascinating portrait
of vary. Antoinette's like girlhood and part of the reason that this movie,
I think is going to be more popular in the next few months is because
of the Charlie XCX album that just came out two weeks ago, and how
I think pivotal that album is going to be on like girls between maybe fifteen
and twenty nine for the next year, including myself. You don't have to
tell Sam and me about that. We were going to talk about that same
subject just in the next in the mixt Pert. I'm glad you brought it
up. I'm glad you took it. I'm glad you took it upon yourself
to talk about the Charlie xx album and what impact it would have on young
girls because now we don't have to do it. Sam, are you relieved?
I am. And I had like a full, like like extra paragraph
written on this one. Oh god, I'm so sorry. I stole your
thunder there a little bit. But that's okay, we'll get over it.
What do you think of Sophia Coppola for as director of the Sublime movie?
Oh? I actually didn't know about that. Well, I mean, there
is a Sublime movie that's shooting by the end of the year, but they
lost the director and now we're looking for a new one. So I'm just
I'm just running. I see I'm all for it. That sounds like it
would be kind of beautiful and moody. Yeah, look that you guys are
looking for for sublime, I think that'd be cool. Yeah, beautiful and
moody. I think beautiful moody is pretty much it. Okay, I'm gonna
put that one in my my suggestion box. What about? Okay, So
what movies did Joe see? Oh? Well, Joe saw movie. Joe
actually went to a theater and he saw the movie If. How much time
do we have, Sam? We got about three minutes. Okay, that's
not enough to tell you how much I loved the movie If. But I'll
try to do a little bit of justice to this movie. The movie he's
quat. Uh you know it has it's it's about I don't know if you
know what it is, but I'll tell you what it's about. It's about
a kind of a society of imaginary friends. Oh, I've heard about this.
Yeah. No, it's the one that reminded me of the old movie
Drop Dead Fred I could see that. But it's it's a like John Krasinski.
He wrote it and he directed it. Yeah, and he plays like
a guy. It's in charge of all these imaginary friends and he helps this
little girl who lost her mother, and you know, there's a lot of
sadness in it, but the girl is so good. Now, some of
these movies that are coming out in this woke era, you think, oh,
of course they have a girl, because you can't have a little boy
anymore. And everything's got to be a girl. Every every hero's got heroin's
going to be they're always and you might think that that they'refre sing this in
here, but some of these roles, and you might be right, But
in some of these roles, it's the girl is the right choice. She
was. It's just like, you know, that kind of a tender story
that a girl that if it was a boy, it just wouldn't have the
same impact. And then sometimes there's like dance numbers in a in a movie,
and if you have a girl that can really dance, it's just a
bonus. And the guy. If a little boy dances, hey, he
goes home and he gets beat up by his friends. I don't know if
you know that that's what happens. But anyways, if is from Paramount Pictures,
and I definitely recommend it, and you, I mean, you can
bring the whole family. Of course, it's like it's for kids but also
for adults and lots of fun and Paramount Pictures. Isn't weird that, Like,
you know, they have so much financial trouble, but they come up
with these amazing movies like, uh, Tim, what's his name? Uh
the I'm such a loser, Tim Cruise. What's a Tim Cruise movie?
Name? Name of Tim Cruise movie? Oh, top Gun Tomise? No?
No, his brother Tim Cruise? Yeah yeah, I thought that was
his cousins, but that's actually Stewie Cruise. Yeah, okay, okay,
yeah Tom Cruise, Tom Yeah, Tom Cruise made how much money do you
make for Paramount? So much? And then this movie is doing really well,
and but they still can't make any money over there. They can't figure
out how to make ends meet. So they're trying to sell and they were
gonna sell to the Ellison kid and he the deal fell apart, and now
they're looking for other people to buy Paramount and Paramount. When you say Paramount,
you also mean CBS and Viacom And problem with them, most people say,
is their streaming service, Paramount Plus is going to lose so much money
for so many years that who's who wants to buy it. On the other
hand, have you heard about this number here? Wait a secon. We
got a break coming up here. Someone else is buying something that's very interesting
and this is going to blow your mind. After we check the traffic and
the news on Joe'scalante Live from Hollywood. Joe's Galante Live from Hollywood. If
by Hollywood you mean Burbank, I have Nikki producer Nikki and you. You
go to the movie still and Sam, you live on top of a movie
theater. I have great movie theater news for you, the Alamo theaters.
Do you guys like the Alamo theaters? Yeah, I've I went to see
None two at the Alamoo Draft House, North Carolina, once otherwise known as
Monhads. How was that movie? I walked out? Yeah, don't I
walked out? Yeah, I don't blame you. I think they were only
yeah, about five minutes left. But I couldn't do it. I just
couldn't take one minute more. Oh my gosh, that's like me and the
Killer under the Flower Moon or whatever that one those. I couldn't take it
any longer. I left. So the Alamo. The Alamo theaters started in
Austin. I believe the first one I saw was in Austin, Texas,
and it was like the first movie that had waitresses and waiters and bringing you
pretty good food to your to these little tables they were. The one in
Austin has like it's like a lecture hall with the tables in front of you,
like you would do your homework on it or take your notes, and
they would come. There was enough room for them to slip in between the
rows. Now I know there's a lot of theaters that do this, but
it was so novel and so much fun that I would go to the movies
every time that I would go to Austin, Texas because it was so thrilling.
And then they know, they showed regular movies, but they always had
a good reputation for curating movies and having a vintage movie parties and theme parties.
They played a documentary about the Smiths once at the Austin One, and
my Morrissey tribute band played on the stage at the Austin Alamo right after the
screening of the film. So fun stuff like that. But and then they
I mean, it was so much fun when I found out that they were
expanding and going franchising or not franchng, just kind of going nationwide. I
got so excited. Then they built one in Los Angeles. Have you guys
been to the one in Los Angeles? Is that where you saw mon hot
Dos? No? That was I saw it in North Carolina when I was
there lust couple of months. And now I haven't been to the one in
la Oh my gosh, Sam, how about you? No, I haven't.
I am not cool enough. This is terrible. When you go there.
As soon as you get in, you're gonna go. You're just gonna
go. I am home. Like if you like movies, you're just home,
just like these people like movies. I like movies. The best collection
of movie posters in any theater in the world. The posters, some of
them are like, you know, those big giant French ones. There's a
lot of those Japanese ones. And it's like a museum for movie posters almost.
And they have a bar downstairs that hipsters can go and hang out in
and gift shop and they, you know, have a real bar where they're
having you know, karaoke and stuff like that. And then you go up
the stairs where the movie theaters are and the food is top shelf, so
it's real food. It's not cheap food. It's real food. It's very
good, and they come and bring it to you. They might bring you
some candy too, and all kinds of parties. I went, Sam,
you'll probably remember this. I went and saw the movie about cats. Oh
yeah, cats, the musical Oh nice, Yeah. And you were encouraged
to shout at the screen because it was so awful awesome. And they served
drinks in cat bolls. Oh, and you were supposed to dress up like
a cat. You could even dress up like a kittler if you wanted to.
Did any did anyone try? No. The last time I dressed up
like a kittler, I realized there was a kid's Halloween party and mostly and
nobody young, nobody was feeling my costume. Nobody even knew what I was
dressed like, except for a very popular rock musician named Shifty shell Shock,
who happened to be there. He said to me, so, what do
you use? Some sort of hitler cat? Yeah, something like that.
So I don't allow photos of me on Halloween, so you're not don't look
online, you won't see it. Okay, So anyway, the Alamo it
expands and it gets big. But then all of a sudden, the COVID
comes and in July of what was about twenty twenty, they laid off a
ton of people. Then in twenty one they announced their plans for Chapter eleven
bankruptcy, and then they do all this reorganization and you think it's going to
disappear, but lo and behold, they are purchased by Sony Pictures. So
Sony is now going to own a chain of movie theaters called the Alamo Draft
House. I'm very excited. I just I think that's a positive thing.
Can you guys see anything wrong with this? This is a test. I
mean it's probably gonna limit the films they're going to be able to show there,
right, Oh, very good, very good. That's what they That's
what the normally. Why there was this thing called the Consent Decree. I
think it was even like a paramount consent to career or something in the thirties
where they they said a movie studio cannot own a theater, because what was
happening back then is the movie theaters. The movie studios were like, well,
why don't we buy up a bunch of movie theaters? See and then
we'll put our own movies in these, see, and then well then we'll
be on top of the world's that's what was going on because that's what they
talked like back then, and so the and they did that, and they
just said and they would they would squeeze out any smaller movies and there wasn't
good for society, so they they stopped doing that. And then now movie
theaters are tanking so like actually it was Donald Trump in his last term that
got rid of that consent decree and he was like, what is this.
This is stupid, This is so stupid. Here, why are we you
know, why are we letting these movie theaters go bankrupt? So he got
rid of it, and then everyone thought, well, the movie theaters would
rush to buy or the movie studios would rush to buy movie theaters. But
did they No, nobody wanted the movie theaters. You can see like Netflix
or somebody buying one theater so that they can go, or like the required
number of theaters so that they can be have their movies become OSCAR eligible.
You should be a Netflix executive, because that's exactly what they did. Yeah,
thank you. A couple of theaters and then they played. I think
there's one in or Brentwood or something like that, and they play and then
yeah, they'll they'll do the required exhibition of their movies if they want to
get them in the theaters or and then for Oscar nominations. But Sony says
they're going to keep the branding. It's not gonna be Sony's Alamo, and
it's in their interest they say to have all the movies play. So but
I think it might affect how Sony like right now, I'm in the middle
of a movie deal and the big, the big, the big concern is
is this going to Netflix or a streamer or is it going into the theaters.
If it goes to Netflix, you know, it's kind of there's a
lot of advantages. You know, you don't have to worry about the theater.
What if it's a flop, and then my movie is is is uh,
you know, tied to this negative story about that it was a flop.
If it goes on Netflix, it's just like, how was it it
was a Netflix? Yeah, it's good. It's a big success. And
then you get paid in advance for your profits. You don't have to look
at statements or the rest of your life, you know, calculating how many
how much money came from each theater, which is a bizarre way to do
business anyway. But the reason why they're doing well with their movie studio and
this stuff is they don't have a streamer. They're not spending one cent on
streaming, on launching a streamer. They're just a pure studio and they sell
their movies to, you know, the highest bidder. They don't have a
streaming system. So but now they have a theater. The only person that
can afford the only movie studio that can afford a movie theater is Sony,
one that doesn't have a streamer. But the cost of having a streamer is
so astronomical. Sony could buy every movie theater in the country, I think,
and still not lose as much money as people pour into streamers that are
unprofitable. All right, I think we'll take a break and we'll come back
and we'll just blow your mind with some more Hollywood stuff on Joe Sclante Live
from Hollywood, Right, yeah, Joe Ascolante, here's my lloya. You
don't want money, he does it at all. Joe'sclante Live from Hollywood by
Hollywood. You mean bird Bank. We are talking about the movie still,
And did anyone see the Exorcism movie? I know you didn't. I don't
even know if it's out yet, but there's an interesting review about it in
the Variety. Actually, no, everybody's favorite, Yeah, everybody's favorite scandal
sheet Nikki, you saw the original Extricist movie? Probably, Oh, of
course, Yeah, but I haven't seen I think I've seen maybe one of
the other ones. But at some point I'm over the projectile vama. I
can watch something else, right, right, right, Well, this article
is interesting because it talks about, like, you know, the country's fascination
with extorcism movies and the one with Russell Crowe that's just coming out, and
then why you know how we got here Exorcist? Like to the believer,
I think that was the one with Ellen Burston, who was the original mother
in the original Extressist movie. That one was not that successful, although I
saw it and you know, it didn't bother me that much. The first
one freaked me out so much that I had to miss school for a week
and I was hallucinating on the couch. It's not a lot hallucinating on the
couch for like five days. Yeah, that was that's a masterpiece. Now
they're just talking about like why do we have so many and some of one
of the theories is like people believe if the devil is here, then God
might be here too, because God goes hand in him with the devil and
ah, you know, that's interesting to come out of variety. But the
article kind of just says, well, the is this a sign of a
career gone to hell? As one of the headlines, because Russell Crowe is
like, what are you doing? What are you doing with this stuff?
Everyone's sick of it. Nobody cares anymore. It's kind of it's just kind
of it's kind of like low hanging fruit. You know, a scary movie.
What about a girl possessed by the devil, or even a boy?
How about a late how about a a dog possessed by the devil? How
about a cocaine bear possessed by the devil? Hey, cocaine bear was something
else. Yeah, we're big fans on the show The Cocaine Bear. Don't
get me wrong. All right, all right, but now it's interesting to
me about this movie, and then I'll stop talking about it. It's a
movie about an actor playing a priest in an Exorcist movie and all the things
that are happening on the set. So that's a different twist. I might
want to see that because there is like one of those stories about the Curse
of the Exorcist movie, like a lot of bad things happened to other people
that were on it. But that's like the what is it the Halloween movies?
Isn't it the seventh one that it gets kind of meta? Oh?
Yeah, I don't. I don't know. No Nightmare on Elm Street.
That's the one, The Nightmare on Elm Street. There's there's so many of
those movies, and I think one of the later ones is kind of self
referential in the same way. So maybe they're kind of playing on that idea.
Yeah, maybe that's when they run out of ideas and then they go
meta. Could be all right. And then the last thing we're going to
talk about in the movie division is Francis Ford Coppola's movie Remember how we stopped,
Remember how we talked about this and they went to can Film Festival.
Cost one hundred and twenty million dollars. It's a weird movie. How do
you make your money back on one hundred and twenty million dollars movie. You
know, you go to Can to make a deal. The Can Film Festival
is a film market and people go there every year and they try to sell
their movies, sell future movies, sell movies they already have showcase movies that
might already have distribution. But mainly the idea is, you know, hey,
my movie did really good at Con, it won the Jury Prize or
whatever, and who wants to buy it. No one's going to pay one
hundred and twenty million dollars for Francis Ford Coppola is weird movie. So he
used a lot of his own money to make it, evidently, and now
the big news is he got a distribute. I'm actually really excited about this
because from what I understand, this movie is nuts. Yeah, and a
movie that's nuts people don't go to. But you know what, if you
think about it, everything everywhere all at once. That was nuts. Yeah.
A few people went, and then when it won the Academy Award,
more people went. So this movie could win an Oscar and maybe they're banking
on that that if they can just hang on, this is me at Lionsgate.
Look, people, I know you think I just made the worst deal
on Earth. We could just hang on to Oxcar season. We're gonna get
people in the seats and then we'll have the streaming rights and we'll get our
on hundred and twenty million dollars back. Trust me, yeah, trust me.
You see so this But here, here's the deal. They didn't pay
the whole. They're not even paying for all the distribution. Francis for a
couple has to pay some of it. So, like you know, it's
gonna take twenty million dollars in marketing. Francis Ford Cookpool has to pick up
some of that. So it's coming out, and you know he's doing it.
He wanted to do it, He's gonna do it. He's gonna pay
for it. What does he care. He has a bunch of money and
he's just gonna go for it. Good for him. Well, I'm one
hundred percent behind this. I will see that movie in the theater. Good
for you. Yeah, well, maybe it'll bring more people back to the
theater because who wants to wait? Who wants to watch this on your phone?
Yeah I'm good, go to the theater and watch it. I mean,
if I'm gonna get Amendment out of you, Nikki and your boyfriend to
go see this in the theater. You can. I will make him go
watch it with me with pleasure and joy. You hear about the Queen Catalog?
No, oh yeah, Queen Catalog because he sold it, sold the
catalog. It's being acquired by who our favorite people, Sony Sony Music,
paying around one point two seven billion dollars for the rights to the catalog of
the Queen rock band, which classic hits such as Bohemian Rhapsody and I Will
Always Love You Sorry Now, Bohemian Rhapsody another and Sinead O'Connor, I Think
another one bites the Dust, Radio Gaga, Somebody to Love, You're My
Best Friend. These are just a few of the hot of the hits that
bottom girls. What about the perennial stadium Shaker, we Will Rock You,
seging into we are the Champions? Those could be yours? One billion dollars,
Yeah, I get it. One other player is said to been closet
in the bidding, but that player stopped at nine hundred million. Like nine
hundred million is all I will pay for these stupid songs. They're good songs,
don't get me wrong. So what does that mean when someone sells their
publishing. It can mean a lot of things. You're really selling the right
to the income for your publishing now if you hot, but what if you
already sold your publishing and you might have had a co publishing deal. So
whatever whatever percentage that queen owns of their of their catalog, they're going to
get an advance on it or they're just selling it out right. So we
don't really know if this is an advance on their share of it or if
they're buying it out right and they'll never get another penny from those songs.
But when they're played on television or on the radio, there's something called a
performance royalty that is generated now that is split between the publisher and the writer,
so the writer can never really get rid of that. That writer's always
going to share. And that was like a system made so that, you
know, blues musicians don't just sell all their rights for twenty dollars. They
are always going to have their writer's income from a public exhibition of these songs
in the stadiums like that, we will rock you stuff in the stadiums.
But so it doesn't we don't really know, and you know, I'll dig
into this as as the deal's not done yet either. Where's that money going.
Let's say you got a billion dollars is it going? Is it going
to a publishing house that already bought half of their publishing. That's likely someone
owns half their publishing and five hundred millions going to them, and the other
five hundred million is going to the band. So it's not really clear.
It is clear that whoever is purchasing whatever rights are, whatever rights they're getting,
they're willing to pay one billion dollars for. But who's getting it is
another story? All right, what's about it for this segment? There's always
more one way or the other. Check out the podcast Joe Sclante Life from
Hollywood if you want to hear this again or missed anything. Producer Nikki,
engineer Sam. Thank you guys. We will see you next week or whenever
we see you next time, and then I'll leave you with just a taste
of the greatest song ever written.