Investor and Steelers part-owner Thomas Tull discusses how data analytics and self-scouting have transformed modern NFL team operations.
Insight
Tull: Core business edge is improving existing models rather than inventing categories
“I'm not good at coming up with a new thing. Like, there was no such thing as social media, and I invented social media, and now that's a thing. I'm not, that's not my skill set. What I've done ok at is looking at an industry or a business model and saying, ok,…”
Assertion Not checkable as stated
Tull: The $30B film industry lacked institutional private capital around 2003
“And in the movie industry, certainly if you had, if you own Disney stock or News Corp stock, that's available. But for an industry that size, there was no adjacent capital system.”
Opinion
Tull: Disney cornered the theatrical market with Pixar, Marvel, and Lucasfilm
“I mean, they, I think under Bob Iger's leadership, and then Alan Horn, who was my partner at Warner Brothers before he went over to Disney, I mean, they went out and cornered the market between Pixar, Marvel, and Star Wars with Lucasfilms, and have now, you kn…”
Insight
Tull blames sunk momentum for his biggest movie production failures
“I look back at some of my biggest mistakes were movies that you put together, for example, that you got the director you wanted, you got a release date, you got the cast, but the script isn't coming together. For whatever reason, you just kind of feel it, that…”
Insight
Tull: Every movie production operates like an individual startup company
“Each film is like a startup company. And has its own fingerprints and so forth.”
Assertion Not checkable as stated
Legendary received a $7M newspaper advertising bill for one Hangover movie
“And I think we got a, Seven million dollar bill on one of the hangover movies for newspaper display ads.”