Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en so I don’t think this would work so let me start with that but there’s something interesting here we’re so Netflix recently left folks in the last few years started going heavy into comedy so comedy used to be like HBO kind of owned the space where they would do you know HBO specials and then that kind of dried up and comics are like cockroaches they’ll always survive it’s like okay we’ll go play in the dingy estroux meeee we’ll go onstage we’ll get it Netflix special we’ll get HBO special okay we’re back to the dark room again like they won’t quit cuz they’re like degenerates and now podcasting has been a huge boom for them so Chris D’Elia who also just had a Netflix special come out these guys make tons of money right so Netflix started cutting like 10 20 million dollar checks I believe to these comedians because they know that comedians have these like rabid followings and the content is good it’s unique sort of proprietary content but I think that there’s a product out there sort of like a crunchy what crunchyroll did for anime I think somebody could do for the mid-tier comedians I think you can make a sort of 7 a month subscription to the comedians that are not going to get met flick specials right so not Chris Rock and not Seinfeld and Chappelle and and all those guys but like the next tear down like even you know one level below like the Whitney Cummings of the world right because they are still getting Netflix specials and I think you could add them up and it doesn’t want to be the hour-long special it could be like a 10-minute set set or a 20-minute set or something like that and I think you could get I think each of them have a few thousand fans that would pay to be able to access that exclusive comedy content and and so you would act if you just aggregate all the comedians then it’s a sort of all-you-can-eat pass where as a viewer I can discover other comedians too so anyways I think that there’s a business potentially for a mid-level Netflix for comedians where you aggregate them what do you think great I’m looking up information so I can my brains rolling and I’m gonna let me let me tell you what I think so first of all kwibi I imagine trying to do something that so kwibi is that even [ __ ] how you say it yes it’s pretty stupid I mean look I think with kwibi it actually can be great because the people who are running it are like super smart but it does not look like a good bet now but it still might be anyway they’re trying to do something like that second I think that that is a great idea and I think the way that I would find out how to do it is I would look up quelle au q e ll Oh have you heard of Cuomo I’ve never heard of it okay well o is is it’s a it’s I think it was started way before its time it’s an app on Apple TV and all they have is live concerts and so it was started in 2010 and it’s available and it’s like a it’s a app for your phone but I think it’s best on Apple TV and you could download it and you pay ten thousand or is it maybe ten dollars a month and sometimes does about Elizabeth I think it’s ten dollars a month and you just get access to a library of live concerts have you ever wanted to do that or is that just me I kind of do this on YouTube but YouTube like has enough free like I listened to a bunch of like Red Rocks concerts right because there’s a concert venue Club Red Rocks which is awesome and like anytime I’d musician goes there they film it in like epic with epic cameras and sound and they’re just like available on YouTube for free but this is cool I like this it’s awesome and it’s it’s better than YouTube but YouTube is great and the reason it’s better is because like if you buy like a concert DVD the camera works a little bit better and the sound is a lot better and I love live music and so I am a big fan of this and they have 70,000 paying subscribers they were recently acquired by stingray communications which is a publicly traded company in Canada it’s a cable company so if I were you Sean and I wanted to launch this or if I was a listener I wanted to launch this I would look up stingray communication and I would go and read the the filing for that company and I would figure out exactly what quello does that’s what I would do and I would learn about how they did it because it’s a relatively niche thing they only have 70,000 subscribers it’s not huge and they’ve been at it for ten years so it’s not a big number and I think it is incredibly viable business and I think it’s great another thing another thing that I would do is I would look up Discovery Channel and then National Geographic are you familiar familiar with National Geographic or obviously right okay National Geographic is still a huge company and Disney recently bought into it at a billion dollar valuation it may still make they still make hundreds of thousands or hundreds of millions of dollars a year from their magazine subscription is that crazy then and so I would put date but here National Geographic was a non-profit and and so the good thing about nonprofits is you can go to see all the numbers and so what I would go and look at I would look at Discovery and I would look at National Geographic and I was looking at koala and I would see what they are doing because those are relatively niche subscription companies that crush so long story short great idea [Music]