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00:00Bill, I wanted to ask you something. You've previously said the business of television has collapsed. Is the industry dramatically shifting? And what do you think the future is going to be? Am I still going to exist or will I be AI? What do you predict for this?
00:17I think you'll probably continue to exist. I would say, though, in terms of TV, I think people under 30 really don't know the difference between content that comes from YouTube or TikTok versus content that comes from the BBC or NBC in America. It's all the same. It's all video to them.
00:36So in reality, companies don't want to spend a lot of money producing expensive content when the same kind of thing could get just as many eyeballs for nothing on TikTok.
00:46And that's unfortunately where the business is right now because there's so much competition from so many other sources, not just videos online, but video games and so forth, that television is a much riskier proposition than it used to be.
00:59So it's kind of like being in the newspaper business was in like 2004.