Transcript: Greenlight Like It's 1985
'Spaceballs'? 'St. Elmo’s Fire'? Eyes roll as Hollywood falls for reboots drawn from a certain decade
Katey Rich (00:00):
For your consideration, the limited Starz series, Mary & George. Julianne Moore and Nicholas Galitzine star in the outrageous true story of Mary Villiers, who scandalized the English Court by molding her beautiful son to seduce King James I and become his lover. See why Salon describes it as a “lusty, wickedly fun gallop through history.” Mary & George, for your Emmy consideration for outstanding limited series and all eligible categories, now streaming on the Starz app.
Sean McNulty (00:37):
Welcome to The Ankler podcast. This is Sean McNulty of The Wakeup newsletter here at The Ankler, here in New York City on the morning of Friday, June 21st. I'm joined in Los Angeles by Richard Rushfield and Elaine Low, two people whose personal stocks are nowhere near their all-time lows, unlike some people in Hollywood this week. Richard, what was the best year for folks to buy into the Richard Rushfield stock? When was the buy low period?
Richard Rushfield (01:04):
We've been hovering at our low here for...
Sean McNulty (01:07):
No, no, not now. Come on.
Richard Rushfield (01:10):
Back when I was doing anonymous food reviews of movie premieres I think would've been a time to get on board the train cheap. That was a big period.
Sean McNulty (01:23):
Okay. No, clearly no. Sky's the limit now versus you're the Nvidia of people stocks right now. Come on, don't sell yourself short.
Elaine Low (01:30):
I too am at a 52-week high right now, which means that this is the peak. It's all downhill from here.
Sean McNulty (01:37):
It’s tennis season, that's why. French Open to Wimbledon to US Open, this is Elaine's peak season. Yeah, that makes sense. Richard dove into the world of Hollywood assistants, speaking of being at the peak of your career. This week we're going to get into Richard's new field guide to Hollywood a little later on. But yes, alluding to not a great week for Hollywood stocks there, Elaine, especially ones that are heavily tied to the cable TV bundle. Paramount and WBD hit all-time lows this week, at least for their current iterations of their company. Always nice thing to have on the report card. WBD shares fell below $7. That's about one-third the price that they were at the time of the creation of Warner Bros. Discovery. At AMC Networks, putting out the tin cup, Richard, looking for another $125 million to pay the water bill. Richard, do you want to contribute at all to the AMC Networks folks? Do you have any cash laying around?
Richard Rushfield (02:28):
Yeah, I have some fond memories there of AMC. Can I take the network out for food truck or something?
Sean McNulty (02:38):
That sounds like they could probably use it.
Richard Rushfield (02:40):
I'm not sure I can buy in, but we can get a big tray of tacos to pass around.
Sean McNulty (02:45):
Send around a food truck to the AMC Networks. Yeah, their stock lost about a third of its value earlier this week in one day. Again, three companies here, Elaine, all tied. These are cable bundle-tied companies, Elaine. If you want to have a theme to it, they're all different reasons, of course. But at the core of what they're doing is still, Wall Street's just not having it anymore, Elaine, I think-