On Fortt Knox host Jon Fortt interviews AMC CEO Adam Aron and NY Times Tech Editor Edmund Lee, who says the 60 million subscribers at NetFlix have changed the domain where HBO was once king. The interview (33+ minute interview) also covers the media moguls meeting in Sun Valley, Idaho with Julia Boorstin, and Movie Pass with Mitch Lowe.
AT&T executives acknowledged that the corporate culture of the telecommunications giant was different from that of the more freewheeling media and entertainment concerns of Time Warner. During the prelude to AT&T’s $85.4 billion acquisition of Time Warner in June 2018, AT&T pledged to take a hands-off approach to the Time Warner’s crown jewel, HBO, which has won endless Emmys while generating billions in profits. However, HBO needs to expand its reach.
AMC CEO Adam Aron discusses AMC Stubs A-List, which permits customers to see up to 3 movies every week in IMAX®, Dolby Cinema®, RealD® 3D, digital and more for just $19.95/month (+tax).
Movie Pass CEO Mitch Lowe talks about increasing the occasional moviegoer in it subscriber base.
^^ MOBILE? USE VOICE MIC ^^
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EDMUND LEE …
Edmund Lee covers the media industry for The New York Times. He has reported on 21st Century Fox, Comcast and The Walt Disney Company, as the industry grapples with media challenges from Silicon Valley.
Previously Edmund Lee worked as managing editor at Vox Media’s Recode. He was part of a team that won a SABEW award for Recode’s coverage of Twitter. Edmund Lee has also contributed to Bloomberg Businessweek, Advertising Age, Portfolio magazine and Women’s Wear Daily. He started his career at The Village Voice.
ADAM ARON …
Adam Maximilian Aron (born September 30, 1954) is an American businessman and the chairman and CEO of AMC Entertainment Holdings, Inc. and AMC Entertainment Inc. He is also a co-owner of the Philadelphia 76ers, after serving as the 76ers CEO from 2011 to 2013. Aron has also served as President and CEO of Norwegian Cruise Line from 1993 to 1996, and Chairman and CEO of Vail Resorts from 1996 to 2006. In 2006 Aron formed a personal consultancy, World Leisure Partners, Inc.
JULIA BOORSTIN …
Julia Boorstin is CNBC Senior Media & Entertainment Correspondent after beginning with CNBC as a general assignment reporter. In 2013, Julia Boorstin created and launched the CNBC Disruptor 50, an annual list highlighting the private companies transforming the economy and challenging companies in established industries. The 2018 Disruptor List includes SpaceX, Uber, Airbnb, Didi Chuxing, Lyft, Grab, 23andMe, Udacity, Rent the Runway and more.
MITCH LOWE …
Since June 2016, Mitch Lowe is CEO of MoviePass, a subscription service that charges members a monthly fee for movie tickets at cinemas. MoviePass, utilizing a mobile app, allows subscribers to purchase a single movie ticket per day for a flat subscription fee per month, quarter, or year. MoviePass has faced resistance from major cinemas. Mitch Lowe has also served as co-founding executive of Netflix and president of Redbox. Lowe was VP of Business Development and Strategic Alliances for Netflix from March 1998 to January 2003, and then Senior Director and VP of Operations McDonald’s Corporation from May 2003 to December 2005. Next Lowe worked at Redbox as Chief Operating Officer from 2005 to 2009, and President 2009 to 2011.
JON FORTT …
Jon Fortt is an on-air editor and host at CNBC.
NEWS COVERAGE …