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The End of Fox News and the Murdoch Empire

The End of Fox News and the Murdoch Empire

Released Thursday, 21st September 2023
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The End of Fox News and the Murdoch Empire

The End of Fox News and the Murdoch Empire

The End of Fox News and the Murdoch Empire

The End of Fox News and the Murdoch Empire

Thursday, 21st September 2023
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Episode Transcript

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1:54

ratings

2:00

and the billions of dollars in profit it generates

2:02

for the Murdoch's. Which is why it's always been

2:04

interesting to me how much Rupert really dislikes

2:07

Trump and his populist brand of conservative

2:10

politics. He's called Trump a moron

2:12

and has taken a bunch of steps to sabotage

2:14

Trump, basically, according to this new book called

2:17

The Fall, the End of Fox News

2:19

and the Murdoch Dynasty, which is by Michael

2:22

Wolff, the author of Fire and Fury and two

2:24

other Trump White House exposés, as

2:26

well as the previous biography of Murdoch, which

2:28

Rupert also hated. Wolff

2:30

is a controversial figure in conservative media

2:33

and Trump land. The fall is basically

2:35

a chronicle of the past couple of years at Fox

2:37

News and the larger Murdoch empire, including

2:39

the 2020 election lies, the Arizona

2:42

call for Biden that Rupert personally okayed,

2:44

although there's some confusion about that, the $800

2:47

million defamation settlement in

2:49

the Dominion case, and the firing shortly

2:51

thereafter of Tucker Carlson, Fox's

2:53

top rated host. There's also

2:56

a lot about the succession style jockeying

2:58

amongst Rupert's four children to determine

3:00

what will happen to the empire when Murdoch dies,

3:03

which might happen soon. Rupert

3:05

is 92 now and Wolff describes him as frail

3:08

and often disoriented, so much so

3:10

that he sometimes fades in and out Mitch McConnell

3:12

style. I'm a Murdochologist. I've

3:14

interviewed James and Lachlan over the years and follow

3:16

the family pretty closely. I also edited

3:19

Michael Wolff when he wrote a column for The Hollywood Reporter

3:21

a few years ago. So I'm happy to have him on the

3:23

show today to discuss the new book, which I

3:25

should say Fox News is not a fan of won't

3:27

comment on the specifics, but in a statement to

3:30

CNN, it said, the fact that this author's

3:32

books are spooked by Saturday Night Live is

3:34

really all we need to know.

3:35

Okay, so today it's Michael

3:38

Wolff, the state of play in Murdoch world,

3:40

and what the future holds for this very peculiar

3:42

and powerful media empire. From

3:44

the ringer and puck. I'm Matt Bellamy, and

3:47

this is the town.

3:51

All right, we are here with

3:54

Michael Wolff, author, journalist,

3:57

power broker, man of the world.

3:59

Welcome, Michael.

3:59

How are you? I'm doing

4:02

well. I have to reminisce before we

4:04

talk about your very interesting new

4:06

book, The Fall. I have to reminisce a little

4:08

because one of the highlights when I was

4:10

at the Hollywood Reporter was getting

4:13

a chance to work with you on your column

4:15

that you were writing for Hollywood Reporter. And

4:17

one of

4:18

the fun things that... And likewise, one

4:20

of the highlights for me was working with

4:22

you. Okay, well, thank you. I was reminiscing the other

4:24

day because if you remember,

4:26

the

4:27

whole Trump saga,

4:30

and I'm sure there are missing 25 different

4:33

steps and layers here, but the whole

4:35

path that led to fire and

4:37

fury and you getting to be embedded

4:40

in the White House for the first hundred days

4:42

started with a cover story

4:45

that you wrote for Hollywood Reporter on Donald

4:47

Trump when he came to California to

4:49

do Jimmy Kimmel for the California

4:52

primary. And you ended up

4:53

after the show

4:55

sitting in Trump's Beverly Hills

4:57

house interviewing him over the

4:59

only piece of food that was in that house, which

5:01

was Haagen-Dazs ice cream, which is still my

5:03

favorite detail.

5:05

Totally random event that would dictate

5:07

the next seven years of

5:09

my life.

5:10

Amazing.

5:11

Just the call came,

5:13

you want to interview Trump? Sure. From

5:17

there on in and hasn't stopped.

5:19

It's pretty amazing. And you would call me, you were still

5:21

doing your column. It's your

5:23

fault. Exactly. I know. Send

5:26

all the hate letters to me. But I remember you were still

5:28

doing your column for THR and you would call

5:30

me and you'd be like whispering and be

5:32

like, what's going on? I'm in the

5:34

Oval Office. I'm sitting right outside the Oval

5:37

Office. No, totally.

5:40

I mean, to even remember God. Again,

5:43

I can only say your fault.

5:46

All right. Well, thank you. OK,

5:48

so let's talk about this book. As you know, I am a Murdochologist.

5:51

I try to read everything there is about the

5:53

Murdoch family. I'm fascinated by them. You

5:57

have a lot of details in this book.

5:59

We're getting up there where Rupert is

6:01

now 92. His health

6:03

is pretty spotty. You describe

6:06

a scene at his granddaughter's wedding where he

6:08

was dressed by his daughter, quite

6:10

peculiarly, and he wasn't all

6:12

the way coherent. So

6:14

give me your big picture state

6:17

of play with the Murdoch

6:19

siblings and how they relate

6:22

to Rupert.

6:23

You know, okay, so

6:25

understand that the structure of the Murdoch

6:28

holdings is as follows.

6:30

Upon his death, the power

6:33

ownership of the company, the voting

6:36

majority of the company, passes

6:38

to his four children in equal

6:41

amounts, and there is no tiebreaker.

6:44

So these four people, and Murdoch

6:46

has six children, but two have no

6:49

political participation, the

6:51

two youngest ones. So the four

6:54

older children, the oldest

6:56

being 65, James

6:58

is the youngest and he will be, I

7:00

think he turns 50 relatively

7:03

soon. So they have

7:05

to agree. I mean, there is literally

7:07

no other way to go forward

7:10

in this except that without

7:13

the agreement of three of them. Now,

7:17

so at this point, it

7:20

seems to be, the division seems to

7:22

be Lachlan Murdoch, who is now the

7:24

CEO of Fox and

7:26

the executive chairman of News

7:28

Corp, the newspaper side of

7:30

the Murdoch holdings, wants

7:33

to keep his job. His brother

7:35

James has very

7:38

clearly vowed to take the job

7:40

from him. And this is

7:43

for probably many reasons,

7:45

but also political reasons. He believes

7:48

Fox is a cancer on the American

7:51

political body. He wants to turn

7:53

it into a force for good. You're right.

7:56

His sister, Elizabeth,

7:58

who lives in Lachlan,

7:59

London tends

8:01

to side with her brother James because

8:03

she's a relatively liberal normal person,

8:06

hates Fox as all Europeans do.

8:09

But her feeling is, hey, this is cable

8:11

television. It's not going to ever get more valuable.

8:14

Why don't we just get out of it? Let's

8:16

sell. She wants to sell. Yes.

8:19

And the oldest sister, Prudence, the one

8:21

of the older children who has never been

8:23

part of the company, never been

8:26

in the media business, lives

8:28

in Australia, and she tends

8:30

to side with the two votes. So

8:32

in other words, whatever the majority is,

8:35

that's where she tends to be. So

8:38

given that, it does not look very good

8:40

for Lachlan Murdoch. Right.

8:42

So does that mean that

8:45

within a year or two after Rupert

8:47

dies, we will see the end or

8:50

the sale of Fox?

8:52

Yes. I think inevitably, indubitably,

8:56

there is no situation in which

8:58

Lachlan can maintain control

9:01

over a right wing US

9:04

network. No situation in which that

9:06

happens.

9:07

I can't find one. Interesting.

9:11

So let's play this out. Let's say James

9:14

convinces

9:15

the sisters

9:17

to side with him.

9:18

He

9:19

takes over. He might not

9:21

sell it. You write in the book that James's

9:24

worry is that selling it doesn't really

9:26

solve the problem. Exactly. It

9:28

just passes it on to private equity.

9:30

He does not want to sell this company. He

9:32

wants to make it a force for good.

9:35

But okay. I mean, that's

9:37

nice. Great for him.

9:39

But a force for good would alienate

9:42

the audience and turn a billion

9:45

dollar grocer into what, CNN?

9:47

Yeah, exactly. It

9:49

would probably cost the family

9:52

a billion dollars in earnings anyway.

9:55

And he's willing to do that. He knows that and is willing

9:57

to do it.

9:58

Yes. I mean, I think. he sees,

10:00

well, what option is there?

10:02

Now, there's an interesting wrinkle here, because

10:06

the Murdoch family, while they have voting

10:08

control, does not control that

10:10

much. So, James doing

10:13

this, I mean, it's actually a great deal

10:15

for him, is that he could

10:17

get control of this

10:20

relatively substantial cable

10:22

channel for very

10:25

little. And if they cut off

10:28

significant amounts of profits of Fox,

10:31

it would have relatively little

10:33

impact on him personally. Shareholders,

10:36

on the other hand, would be screwed.

10:38

Yeah, wouldn't they sue? I

10:39

mean, this is the classic case. If you're a shareholder

10:42

in Fox or News Corp, and they're tanking

10:44

the company, wouldn't you just sue

10:46

and win?

10:47

Well, you would sue, you wouldn't necessarily

10:50

win. Right. It's family controlled,

10:52

you buy the stock knowing it's controlled by the

10:54

family.

10:55

Exactly. And management makes certain

10:57

decisions. They're made reputably

11:00

and honestly. But they

11:02

tried to recombine the two sides,

11:05

and the shareholders freaked, and they abandoned

11:07

the plan.

11:08

Exactly. But that was a different situation

11:11

in which the shareholders, in

11:13

order to do that deal, the

11:16

shareholders, all of the shareholders, 100%

11:19

of the shareholders, instead of just

11:21

the voting shareholders, had

11:23

to approve the deal.

11:25

Interesting. I'm just fascinated how that's

11:27

going to play out. But let's talk about the current

11:29

state of Fox News. And you

11:32

have a lot of somewhat comical

11:34

or alarming, depending on your view of Fox details

11:37

in your book.

11:38

Rupert doesn't really like watching Fox.

11:41

You're right.

11:42

He certainly doesn't like Sean Hannity.

11:44

He called him, well, this is his word, a retard

11:48

and stupid, just like Americans.

11:50

A famous Australian term of endearment.

11:53

Right. He can't watch the channel for

11:55

very long.

11:56

Everyone who works there seems to be drunk

11:58

a lot. The general... of Vietnam

12:00

was drunk at lunch a lot.

12:03

Laura Ingraham drunk on Sean Hannity's plane

12:05

going to Roger Ailes' funeral. No, no,

12:07

no, no, no. He didn't let her on the

12:09

plane because she was so drunk he

12:11

feared that she was going to have her head in the toilet

12:14

the whole on the trip. She

12:16

was banished. Key clarification there. Yes,

12:19

thank you.

12:19

Why doesn't Rupert

12:21

change the tenor of Fox

12:24

if he

12:25

is

12:26

unhappy with the product?

12:28

Is it the situation where the

12:30

audience is more powerful than the

12:32

owner at this point? Yes, and

12:35

remember he has tried to change.

12:37

The DeSantis bubble is a Rupert

12:39

bubble. So he

12:41

is in there pitching in as

12:44

much as he can. Remember he's 92 years old.

12:47

The other thing that's important to remember about

12:49

Murdoch is he's not a television guy.

12:51

He's never been interested in television.

12:54

He's not a television executive.

12:56

He's not a television programmer. And

12:59

this is likewise true of Lockman.

13:02

So in some sense, I don't

13:04

think they really know how to change the Fox

13:06

News, not to mention it makes

13:09

so much money. And among

13:11

the things that Rupert is addicted

13:14

to are money and power.

13:16

So being willing

13:19

to sacrifice that is a

13:22

painful notion and maybe an impossible

13:24

notion for Murdoch.

13:26

It's amazing. This is a guy who's tried

13:28

his entire life to be

13:30

in such a powerful position in media that he's

13:33

able to elect a president.

13:34

And then the president that his network

13:36

elect is a president that he doesn't even like.

13:39

A phenomenal irony. There it is.

13:42

So that's the lesson about power.

13:45

In the end, it

13:46

screws you.

13:47

It's funny you say that

13:49

about television because it's so

13:51

clear. I mean, Rupert never likes the Hollywood stuff.

13:54

He lived out here. He has the winery.

13:57

But I went to an event at the winery

13:59

a couple of years ago.

13:59

ago and

14:00

I talked to him and it was funny the phrasing

14:03

I remembered when he when I was talking to

14:05

him about the industry and stuff and he

14:07

kept using the phrase you people

14:09

and you and you guys out

14:11

here and

14:12

I was like you are one of

14:14

the most powerful media people in the world

14:17

and for

14:18

decades you owned the studio

14:20

and the network it's not you people you're

14:22

part of this community

14:24

when he was actively involved with

14:26

the studio and that was always a moment

14:28

where everybody at the studio was trying to keep him

14:30

out of meetings because he would

14:32

complain about the stars and then always

14:35

propose that they do

14:37

a remake of crocodile Dundee

14:39

I mean this is comical stuff you can't

14:42

you cannot make it up

14:43

you know a famous meeting just before

14:46

Titanic came out and you know

14:48

in Titanic would basically change the fortunes

14:50

of Fox the studio and of the

14:52

company and you know but he

14:55

was furious about cost overruns

14:58

and sold half of it to Paramount

15:00

yeah and one of the financial executives

15:03

in the meeting started to

15:05

well what what Rupert thought was this was

15:08

a smirk on had had a smirk on his

15:10

face and Rupert demanded the

15:12

executive in question be fired

15:15

because he dared

15:16

laughs or be amused by

15:18

his cost-cutting

15:20

exactly and at that point

15:22

everybody knew this was going to be a

15:24

major a major hit

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16:41

Getting a little bit into the weeds here at Fox,

16:43

you described the scene on

16:45

November 8th, 2020,

16:47

where

16:49

the decision desk at Fox News has

16:52

determined through technology

16:55

that Rupert was

16:56

very excited about, that

16:58

they were gonna be able to beat everybody on their election night

17:01

calls. His journalistic instinct

17:03

was very powerful there, and he said, this is what we

17:05

want. So, the technology

17:07

worked, or was about to work. They

17:10

got the data, Arizona

17:12

was gonna go for Biden.

17:14

The CEO of Fox, Suzanne

17:16

Scott, is told. She goes to Lachlan,

17:19

Lachlan goes to Rupert,

17:21

and then Rupert, according to

17:23

the scene in your book,

17:25

says,

17:26

fuck him,

17:27

and gives the okay to call

17:29

the election. Now, there's some

17:31

confusion based on his mumbling or what

17:34

he actually meant by fuck him, whether

17:36

that was, yeah, go call it for Biden,

17:38

which essentially meant Trump was gonna lose

17:40

the election, or whether he was just saying,

17:42

fuck him, like, fuck this guy.

17:45

What do you think Rupert wanted

17:47

to say there? Did he wanna make the call?

17:50

There's a couple of important

17:52

context points here. Number one

17:55

is you never know what Rupert

17:57

is saying.

17:58

So.

17:59

Here's the story. When I was writing

18:02

my Murdoch biography in 2009,

18:04

I was there with Murdoch one morning.

18:10

We were talking over coffee,

18:12

and then we finished, and then we both left

18:15

together. So we're on the elevator. The elevator

18:18

goes down a couple of floors, the

18:20

doors open, and Donald Trump

18:22

gets on. Rupert

18:24

says something to him, something that sounds

18:26

neighborly or nothing, small

18:30

talk.

18:31

Trump

18:32

turns to me and says,

18:34

do you ever understand

18:37

anything he's talking about?

18:42

Yeah, Donald Trump's not exactly the world's

18:44

greatest communicator either.

18:45

No, but he does say exactly

18:48

what's on his mind. That is true. And that's what

18:50

everybody who's speaking to Murdoch, that's

18:53

what's on their mind. What is he saying?

18:56

But this sounds like a succession episode

18:58

where he says, fuck him,

19:00

and nobody knows what that means, and

19:02

they end up calling the election for Joe Biden, and

19:05

history is made. Exactly. And then

19:07

remembers after this,

19:09

the network goes into a turmoil

19:11

because Trump is attacking the network.

19:14

There's sudden surges in Newsmax

19:16

and the other conservative channel, and

19:19

Rupert starts to backtrack on this.

19:21

But do you think he wanted to make that call?

19:24

Yes,

19:25

actually.

19:26

I do too.

19:27

I think he's still deep down as a

19:29

journalist.

19:30

Also, he's still deep down

19:33

hates Trump. You

19:36

know, so I don't know about the the journalist.

19:38

I mean, Rupert is very capable of

19:40

throwing over his journalism sensibility

19:43

at any moment, and especially

19:46

one that might cost him money. But I

19:48

think in that moment, it was

19:51

Trump. He hated Trump. The idea

19:54

that Trump would become the president

19:56

again was anathema

19:58

to him. This was his

20:00

moment of control over something

20:02

that he could not control, which is to say

20:05

the presidency of Donald Trump.

20:06

Now he's back in the same situation.

20:09

The same. It's

20:12

apparently eating at him even more.

20:14

But he's stuck. He tried. He

20:16

tried to make

20:17

Ron DeSantis happen.

20:19

It's like fetch, it's not happening.

20:21

Right, but he's still all over the, Nikki

20:23

Haley is, I mean, it's like he

20:25

tried to last couple of weeks, turn

20:28

it into the Nikki Haley network, which

20:30

is

20:31

quite a programming concept. Right.

20:33

One other thing you write in the book, you believe

20:36

that James and Lachlan

20:39

conspired in a premeditated

20:41

way

20:42

to

20:43

get behind Gretchen Carlson

20:45

and her suit against Roger

20:47

Ailes to bring down Roger Ailes

20:50

at Fox News.

20:51

Is that accurate?

20:52

Well, I would, I would phrase it somewhat

20:54

differently. It's certainly what Roger Ailes

20:57

believed and many

20:59

other people at the network believe.

21:03

So I'm representing that point

21:05

of view.

21:06

Okay. Well,

21:06

but Roger had a lot of conspiracy

21:09

theories in his head. I want your

21:11

take on what the facts suggest.

21:14

The facts that you have reported them.

21:16

Absolutely. I mean, the boys

21:18

hated Ailes. He hated

21:21

them. There was nothing but bad

21:23

blood there. Ailes was always

21:25

trying to push them out and

21:27

had succeeded in several instances

21:30

before and was

21:31

unwilling

21:33

to cede

21:35

the authority that they demanded

21:37

and that they thought they deserved, and that they thought

21:40

that they earned. They were

21:42

the co-managers of the company

21:44

at that point. Ailes

21:46

was always, always undermining

21:49

them. Yeah. Offered

21:51

the possibility that they could

21:54

get rid of him. They seized it. They

21:56

seized it in a way that when-

21:59

around their father who

22:02

they suspected would have reversed

22:04

this.

22:05

But there's another irony there because if

22:07

James was behind this and

22:09

the whole push to get Roger Ailes out because

22:12

he wanted to make Fox a force for

22:14

good, the leadership

22:16

vacuum at Fox

22:18

has

22:18

arguably, or maybe not arguably,

22:21

made it worse for James. I mean, without

22:24

the Roger Ailes hand guiding things

22:26

and someone who could say no to these hosts,

22:29

they basically do whatever they want and

22:31

say whatever they want. And that's

22:33

kind of what led to 2020 and

22:35

the Dominion case. Yes. And

22:37

even more so, I mean, without Ailes there

22:40

regulating things and being the

22:42

voice, the message, the

22:45

voice and the message became Donald Trump

22:47

himself.

22:48

So it's one of those kinds of things. You

22:50

overthrow the dictator and the situation

22:53

after that and you think, okay, you know, Saddam

22:56

Hussein is gone.

22:58

But in fact, the aftermath

23:01

is worse. Right. The devil

23:03

you know. And it's funny because it

23:05

seems at least the picture that you

23:07

paint in the book is that there is

23:09

a leadership vacuum at Fox.

23:12

No one really knows what to do.

23:14

They have no digital strategy really

23:16

for how to evolve this network for

23:18

the digital times. They can't control

23:21

the hosts really. They don't

23:23

really know what to do with the tenor

23:25

of the programming, which is what led to the

23:28

push into the conspiracy theories, which led

23:30

to the Dominion and Smartmatic lawsuits.

23:33

The general counsel, Viet Dinh,

23:36

up until nearly the end of that case

23:38

was still telling people not to worry about

23:40

it and that they're going to go all the way to the Supreme

23:43

Court and they're going to win. All

23:45

of it seems to be a classic

23:47

case of legacy

23:50

media rot

23:51

and mismanagement. And

23:53

on top of that, there is really

23:56

only one decision maker and

23:58

he's 92. Right.

23:59

What is Rupert's state of mind?

24:02

You described some troubling scenes,

24:05

but

24:06

you don't come right out and say

24:08

the man has lost it. Do you think he's lost

24:11

it?

24:11

You know, I think he's 92. So

24:13

yes, he has considerably lost

24:16

it. 92 is not 82.

24:20

But I think at other times he can be on

24:22

top of things. But we've all known 92-year-olds.

24:25

And they don't run

24:27

a significant public company. And

24:29

actually, he runs two.

24:31

And you say in the book that this will almost

24:34

certainly be Rupert's last

24:36

election.

24:37

So

24:38

you don't believe he's getting to 96.

24:40

Do the math.

24:42

All right. So let's wrap this up

24:44

with big picture.

24:46

What does the end of Fox or the

24:49

diminishment of Fox mean

24:51

for the media ecosystem

24:54

in this country

24:55

and around the world?

24:57

Well, I mean, I think there's two questions.

24:59

What does it mean for the political system? And

25:01

what does it mean for the media system? I

25:03

mean, the media system, you know, I mean,

25:06

it's cable television. Whatever

25:08

happens, whatever replaces cable

25:10

television supersedes the

25:13

fate of Fox here. But

25:15

is it replicable? Can someone

25:17

come along if Fox is turned into

25:19

a, quote, force for good?

25:21

Will one of the other rivals step in?

25:23

Will somebody else be able to launch something

25:25

or is this the end of that?

25:27

I think what happens now, I mean, Fox

25:30

is kind of a laggard here, which is

25:32

to say it has been able to maintain

25:35

its monopoly hold on

25:37

its audience far longer

25:39

than it should have been. And this is a result

25:42

of its own market share.

25:44

It's a result of that its audience

25:47

has traditionally been older,

25:51

you know, less technologically adept

25:53

than all of those things. And

25:56

because Roger Ailes, I guess,

25:58

was so good at his program.

25:59

programming job and because

26:02

Trump stepped in and the

26:04

Fox audience became the Trump audience

26:07

and that all Held together

26:09

but that's in that kind of anomalous

26:12

in in media terms And I think

26:14

what happens there is the same

26:16

thing that's happened to all other media.

26:18

It's fragments And I think

26:20

we are seeing now the beginnings

26:23

of a fragmented conservative

26:25

or right-wing media that there will

26:27

be a lot of other channels and a

26:30

lot of other voices and

26:31

a lot of You talk about Ben

26:33

Shapiro in his right and a lot of other

26:36

platforms and a lot of other

26:38

ways for people to make money and Probably

26:41

actually more money than they would be able to

26:43

make at Fox

26:44

and at some point

26:46

Donald Trump will go away

26:48

I know he's like a like one of these cockroaches

26:50

that you can't kill But at some point he

26:53

will not be the driving force of ratings on

26:55

Fox

26:55

at some point. Yeah You

26:58

don't see that time coming anytime soon. Well, no,

27:00

and I think it's a problem That's one of the one of

27:02

the contradictions of within

27:04

the network itself But the network

27:06

is opposed in a way more and more

27:09

and more and more implacably in Opposed

27:12

to its biggest star who

27:14

is Donald Trump? so it's just another

27:17

one of those contradictions at the

27:19

center of Of

27:21

Fox that that if you play this out

27:23

you say well, this is just not sustainable

27:26

James trying to remake Fox as

27:28

a force for good would be probably the

27:30

funniest thing in the history of American media

27:33

I am so here for that It would

27:36

the reactions and him installing,

27:39

you know straight news anchors or hiring

27:41

Rachel Maddow or something like that would be amazing

27:43

But

27:44

remember James is two billion dollars

27:46

in his pocket as do his siblings

27:48

So, you know, it's that other

27:51

form of of media just

27:53

get a really rich. Alright, right

27:56

Alright, Michael. Thank you very much. The book

27:58

the fall is out

28:00

on Tuesday and it's

28:02

another barn burner. Congrats. Thanks.

28:06

We're back with the call sheet.

28:08

Craig are you a fan of the Expendables

28:11

franchise?

28:12

I don't know why I missed these. I guess that's

28:14

a blind spot for me. They all came out when I was in high

28:16

school and college and I think this is more in the

28:18

dad genre.

28:19

I think so. Yeah I mean Stallone is 77

28:22

now. He's starring in this thing Expendables 4

28:24

comes out this weekend. I don't know. I mean

28:27

yeah it was a thing 10 years ago and

28:29

I think getting all

28:31

these older action stars into the

28:33

same movie was kind of cool but these

28:37

have had diminishing returns. The last

28:39

one Expendables 3 came out in 2014 opened

28:42

to 16 million ended up grossing 214 worldwide.

28:46

So profitable

28:47

but not what the first two

28:49

did

28:50

and the tracking for this one I'm surprised

28:52

the tracking is at 18 for the weekend.

28:55

I'm gonna take the under. I don't think it's gonna

28:57

get 18. I mean there are a lot

28:59

of stars in it. I didn't realize how many people they

29:02

just plucked and dropped into certain movies. It's like those

29:04

old remember those movies like Valentine's Day that just

29:06

had a celebrity. The Gary Marshall movies or like

29:08

Cannonball Run or whatever. It's like the action

29:10

movie equivalent of that. Yeah. You

29:13

shoot for a week in Bulgaria and they can put

29:15

you on the poster and like Harrison Ford

29:17

was in the second one. Like I guarantee you that

29:19

guy is not shooting. Oh he's in the third one? Yeah

29:22

along with Mel Gibson and Wesley Snipes and

29:24

the second one is Bruce Willis and Jean-Claude Van

29:26

Damme. There's a lot of people in these. Yeah

29:29

I saw the first one. I think I went to the premiere of the first

29:32

one.

29:32

They're fun. Unfortunately the

29:35

planned all-female spin-off called

29:37

the Expendables never came

29:39

to fruition sadly. So after

29:42

nine years the third one came out nine years ago. Who

29:44

was the one who you think kind of got things

29:46

going for this fourth one? Was it Stallone being

29:48

bored? Was it the studio being like all right we

29:51

have nothing really to cook right now? Yeah the studio is probably what do we got?

29:53

Lionsgate which is releasing this is

29:55

in the process of trying to sell

29:58

itself and they want

29:59

as many franchises on

30:02

their calendar as they can. That's why they

30:04

got another Saw coming out. They got another Hunger

30:06

Games. They're trying to

30:09

telegraph to investors and potential

30:11

buyers that they can have real franchises

30:13

just like the big studios do. So

30:16

they're digging up anything they can and

30:18

they have this expendables property

30:20

that hasn't been done in nine years. Stallone's

30:23

still alive. He's, you know,

30:26

I guess in good shape, 77, but he can still pretend

30:28

to be an action hero.

30:31

And here we are.

30:32

They should get Rupert Murdoch in here. Why not? They should get Rupert

30:35

Murdoch. He would be great. He could be

30:37

the villain.

30:38

He honestly might be. I don't know what the plot of this movie is, but

30:41

there's a decent chance.

30:42

Well, no, there was a Bond movie, The

30:44

World is Not Enough, that basically had

30:46

a Rupert Murdoch style media

30:49

billionaire who was trying to take over the world. So I

30:52

think that's already been done. Okay. But

30:54

yeah, so I'm gonna take the under on 18 million

30:57

for expendables for, I

30:59

think that's right.

31:00

It's a slow time right now. It is. People

31:03

are going to movies. It's depressing. But

31:05

all right, that's where we are. That's the show for today. I want

31:07

to thank my guest Michael Wolf. I want to thank producer Greg

31:09

Horbeck and our editor Jesse Lopez.

31:12

We will see you next week.

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