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Mandalay Entertainment Group CEO Peter Guber on what the strong sales and profits for entertainment and media companies mean for the economy’s outlo...
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News Corp.
People are spending more at the movies and -- things like cable as we've seen with other companies like Disney businesses -- Is growing in the entertainment world the -- -- -- resorts my next guess says what is happening in the entertainment world gives you a good read on the economy.
Principal -- -- -- LA Dodgers and he is also the CO Mandalay entertainment for the stereotypes it's sensible.
-- but Peter very good to have you.
My pleasure simply don't looking at all these numbers on C added Disney and on news -- to all that.
-- set to be out of would you agree with that view about what sort of a barometer -- things will go up for the economy if so are.
Good it -- even.
I don't think it's really a barometer I think as a barometer of the people have more leisure time not just because they're -- work a bit more leisure time because there's all these new platform -- The computer us.
-- -- -- That the mobile phone the game consoles the online processing.
Movies -- screen format 3-D films.
All of these things give greater opportunity for all guys are gone -- and these companies could change its engaging have really cash general.
On the -- candidate Hillary -- hated seeing before and by the way I think I I know more about this because I read a prompter and there aren't so you've had a couple of companies -- -- okay but.
Well I think Peter what's going on is that.
You don't go to theme parks and you don't put out to -- People are putting out unless you feel comfortable parting -- it so they must be -- board does something right.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Quite successful in the most difficult of times yeah.
That's downstairs -- don't believe it -- is doing a lot better especially the movie business it's twice the size globally that is domestic.
All right I'll but it could be -- -- -- you -- that would baton analysts I don't know what the advantages is telling us but.
It's great -- -- Go into a Dodgers game if anyone is under the assumption they're gonna advanced editing that's escapism no -- -- -- But do you think I'm kidding I'm -- but do you -- Did these are good debts and all of that did your -- not only -- on the Dodgers and and and obviously and insisted that the leisure industry.
The d.s are good -- because I know we've not been a fan of this president a lot of his plans we just heard from a CEO says.
I think businesses are worried not a great environment to be put -- was -- Well you know opportunity is opportunity and sometimes -- -- Not the best of times the opportunity is still there and you know you can get at a particular value and build it and I think that's what's happening I think really at the end of the day.
These have proved to be resilient properties -- media properties he's Entertainment Properties Disney can move its framework from its -- barged onto its ships into its hotels.
People can now -- and that own assets in media now can move them across a multitude of platforms capturing.
All that new.
Disposable time -- people out so I think it is a good bet I think it will continue to be a good bet and one of the main things that's gonna help but they're good bet is the Internet because now it's gonna become.
Not just.
A passive it's gonna be up not just the passenger they're ready participants -- -- a lot of transactional value of the debt they have that has got to give to these companies.
Do you think by the remnants of the president is -- reelected.
To I think so yes.
Unfortunately yes varieties had a.
Because I think that no we tend -- -- -- We ten that tend to favor incumbents and even in the pain the pain I know may be better than the pain I don't know and I think that's what happens.
I think that there's some degree of certainty even in the -- And I think that that's part of what the language in of the public -- I get.
And I read in the -- -- travel around the United States -- -- different sports teams I get that feeling.
How -- you done so well in what I think it's safe to say.
Maybe a left to -- -- to be kind.
Well I just think that you know I put -- Pedal to the medal and I and I -- recognize that I have an audience to serve and I serve it what's in it for them whether it's sports whether -- the war -- From the Bay Area -- the dodges or -- my baseball teams around the country the Yankees and AAA teams -- The double -- -- in -- single if you around the country on the movies in a movie of Bernie it's you know middle of the road movie or faith based movie we -- soul surfer.
I tend to look at the audiences and say what's in the them and can I give that benefit to them and can I make that benefit worked for me by giving it to them and I don't really and.
Add add a political comment to it I really look at it.
As being in the emotional transportation business can I move people emotionally if I can I -- at their hearts and that's the best way to their pocketbook.
-- Bruce Wayne a liberal or conservative.
Who swinging well when he had to spandex on a when he had to send back that up.
Tuesday to six.
We will never -- did you see the avengers yet.
I could argue to help but not -- if removing me and I'm a movie means that it.
My advice biggest film -- his baton and so I look at it but that is the perfect storm that's a film that broke at some real rules that people don't realize you're open -- -- nationally.
Before -- -- the domestic marketplace show approval process and then brought into the US that rarely happens -- events that cost 23240.
Million dollars to make.
Do you know the moviegoers dress at I don't know the Fandango did this is -- -- favorite character was the Hulk.
What does that tell yeah there's a lot of anger there.
But you know it tells you that -- also people like villains people like Jack Nicholson and -- People like -- -- still villains are what make -- better without a really good villain hard to have a really good hero.
As well put Peter great having you again.
-- continued success not too much of the Dodgers but I have to be well very good evidence about.
