The Ledger, every show

“So one of our competitors at one point had 500 sexual harassment claims at their company.”

“The way we did this deal has never happened before, and I'm pretty certain it will never happen again, because we essentially did a hostile takeover with no money.”

“Video games to this day is a studio system. In success, you obviously pay your creative people, and we are, Incredibly generous in the way that we compensate our creative people for success, but the company also has an opportunity to create a return.”

“So we sell the stock in the open market for, wait for it, fourteen million dollars. So a month later, this public company launches the first property that we had completed into the market.”

“The general counsel comes into the meeting room that we're in, and he says, well, we don't have the final vote, but we have a provisional vote. You have 88%. He said, so will you accept that, or do you want us to keep counting? I said, we'll accept that. And t…”

“Let's not go into deficit network television production. Just a bad economic business. Different today than it was, but it was really bad then, where you would deficit these shows in hopes of creating enough episodes that you could syndicate them. And if you d…”

“It's a little tiny public company with a, I want to say roughly a hundred million dollar market cap, and they agree to give us 20% of their company in stock for the business, such as it was. So, twenty million dollars.”

“Because they didn't really have a lot of experience in how video games were made, they basically, they made the game in five weeks and put it in the box, and it was a terrible game, and then they manufactured more games, more cartridges than there were Atari c…”

“I think they took a write down in 82 of four hundred million dollars, which was a lot of money in 82 for Warner Communications.”

“I greenlit derby dancing, which was the, Highest grossing independent film of all time then and stayed that way for a very long time and until pop quiz what? Blair Witch. Many years later.”

“He over leveraged the company during my tenure there by buying Star. And the company had real trouble with its debt facility. And my recollection is they had a diversified debt facility with like a 150 banks and a whole cross default mechanism.”

“So we put aside a small amount of capital for BMG because in those days, BMG's revenue was five billion a year, and it was very profitable. And I think we devoted around forty million dollars to investing in this basket of games and building up the distributio…”

“About 700 in revenue, and losing loads of money, and no debt, thankfully, and about 50 in cash.”

“The plan was there was only one good property, which was GTA, which was in development and was soon to be released. We thought ended up getting delayed and everything else was total mess except the NBA franchise, which was really tiny. It was making a tiny amo…”

“When GTA released, the company would have a meaningful profit, like, a hundred or so a year, but it only released every four years. They lost money the rest of the time.”