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Discovery CEO David Zaslav on concerns within the cable industry about DISH Network’s “Hopper,” Facebook’s IPO and working with the Administr...
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What we'll watch that lets go around the corner all right let's go up because it's also a shark week everybody but you made the a lot of chatter around this floor here because you're talking about.
Obviously the DISH Network auto erase button below boy -- All right.
I just talked to Michael -- fact he's gonna be our 4 PM he's the head -- guy he's out of NCTA and he said he has no doubt there will be lawsuits filed against.
Charlie -- and dish about the auto -- Erase button.
Would you be one filing -- -- Well first I love Charlie I know Charlie for 25 years he's built a great network with fish they have.
And their customer -- What Charlie's not a very good job have you got to have about this happens but it's about -- because it doesn't affect us yet.
It's he's using that technology to skip commercials for broadcast networks.
Yes and -- it for the cable networks are simply said.
And I believe this fit for us to thrive as an industry we need subscriber fees and we need to address it.
And -- technology that erases the opportunity for ads is not good for the industry.
That's all but it wouldn't be Austin -- that kind of actually destroy hasn't -- and tried to use that technology on our channels -- -- What lord help but what he does is -- -- -- Now.
So I don't think it'll probably it'll come to that because I don't think it's in the interest.
Consumers I don't think water but more importantly we spend over billion dollars a year on content I got to -- six years ago -- spending a little less than 600.
We're spending more on -- because we believe by investing in good programs.
-- investing in our brands great storytellers.
If we can get back to return that return is the discovery -- stronger building TLC -- building all right deep.
And we as an industry can't make those kind of investments that we don't have appetite to support.
And -- -- to support begins to wane because of the technology like that that have been caught subsidize the cost of -- feasibility just go up significantly.
Okay you're NASDAQ stock obviously.
Protestant -- FaceBook a lot of people here talking about it.
And people have little upset with Bob -- felt that the NASDAQ because a lot of the trades didn't go through surely you've watched this do you still 100% support pop right out.
Bob's been very good to discovery we've -- -- that stock for a lot of years.
It's been -- great exchange for us.
And look FaceBook is a great platform we have about 65 million FaceBook.
Users that like us and -- spend time with us that's important for us it's a very good -- -- Not we like those guys we wish them well -- -- -- that while these things happen.
-- -- -- -- You know that's -- issue for us.
We we look at FaceBook is a great social platform for us to participate -- characters and our shows and our brand as he met with Mark Zuckerberg to talk about you know.
Strategic partnerships we've met with a lot of people like FaceBook and we have a great relationship with them and that's how we've gotten in a very short time to 65 million people that use FaceBook.
That -- like -- spent time with us FaceBook fans.
You -- just named one of the most important people in Washington.
All the licensed my name is -- -- young -- I don't know what though we -- and I spent a lot of time.
Working to build CNBC -- that we had a lot of good -- content of those -- -- of Fox Business.
By the way but let me just say that's.
Obviously here in Washington.
The president.
-- people who say that he hasn't.
Created a fertile ground for businesses is that an unfair criticism -- use slightly agrees something better but the administration could be doing right now.
For more perspective and part channels -- thirteen channels have -- center court satisfying curiosity.
And we've been working very effectively with the Obama administration we've been working with the education secretary Duncan because we have a very large education business the largest digital education business in the country we have we've been working with them we've also been working with.
Science and stem.
How would doctor Holdren who's the science -- And Obama himself has been on Mythbusters and been supported Bob -- back of our stem related content so if you put on the -- channel today.
This in the afternoons we have stem related content that's commercial free.
That supported by the administration as well as as the Republican side of the house aware really -- party agnostic.
We like the fact that the Obama administration is insupportable a lot of them work that we've done in education and -- with curiosity -- channel.
David's outlook wait so where's the upper -- as we came around this back part you said that there were more locals around about -- tourism and the upper network you don't.
Keep going around as they cannot go back here that you know watching this network we're always been a fascinating thing here's our brand -- that yeah there's the glut in the buddy from TLC.
August 01 are still looking and where are right to -- find itself survey that is front.
David slot thank you very -- great to see you're -- to see okay thanks Sheryl I'll send it back tiara a little thing you very -- thank you very much -- live from Los could have cars.
