The Economics of Video Games and Movies

Published on
September 30th, 2020
Duration
36 minutes


The Economics of Video Games and Movies

The Interview ·
Featuring Strauss Zelnick and Christian Alexander

Published on: September 30th, 2020 • Duration: 36 minutes

Strauss Zelnick, chairman and CEO of Take-Two Interactive and partner at ZMC, joins headhunter Christian Alexander of Macro Link to share the lessons he learned on his journey to the top of the media world. Take-Two Interactive is one of the largest gaming companies, and its stock is up over 900% since Zelnick became its CEO in 2011. Zelnick discusses his investment philosophy and compares the advantages and disadvantages of the film business, the music business, and the video game business. He also analyzes various secular trends on his radar including the widespread adoption of big data usage, a trend he calls "the data explosion." Filmed on September 23, 2020.

Comments

Transcript

  • JL
    Jonathan L.
    7 October 2020 @ 17:10
    Strauss said ZMC invests in growth companies and has only really done 1-2 turnarounds, and the interviewer spent 10 minutes talking about turnarounds and asking about bankruptcy law?
  • PG
    P G.
    6 October 2020 @ 05:09
    Back to Studio!!
  • SV
    Santiago V. | Contributor
    3 October 2020 @ 23:31
    As a subscriber to this channel, it's people like Strauss Zelnick and their insights that become a master class. These nuggets of wisdom come from pain, struggle, and success. For an entrepreneur and investor like myself I treasure these details. Thank you!
  • TG
    Tony G. | Contributor
    2 October 2020 @ 18:29
    I'd listen to Christian Alexander cover ANYTHING. He's ahead of his time and a good friend.
  • BS
    Benjamin S.
    2 October 2020 @ 03:33
    Great questions, great interview. Very useful.
  • LK
    Lauri K.
    30 September 2020 @ 10:02
    Didn't really learn anything from this. Apart from obviously being a successful businessman, I have to despise how Take2 has totally destroyed the creative genius that Rockstar games had before the seeking of short term profits bulldozed the studio.
    • GH
      Gregory H.
      30 September 2020 @ 23:29
      Don't get me started about how Activision killed Blizzard's culture post merger...
    • NT
      Nicolas T.
      1 October 2020 @ 20:23
      I was waiting for this comment. You have a friend in me mate.
  • JC
    John C.
    1 October 2020 @ 05:35
    Great job Christian. Thx, Caleb
  • MC
    Mark C.
    1 October 2020 @ 04:45
    Spent hours playing crash and burn on 3DO. Was an amazing game at the time. Good memories.
  • CA
    Chris A.
    1 October 2020 @ 03:44
    A great business discussion, I like when RV does this. I wish there was more Private Equity, Venture Capital, and Real Estate related content.
  • SC
    Sejong C.
    30 September 2020 @ 20:02
    This interview was done in person. Impressive, after all this time with the COVID.
    • GH
      Gregory H.
      30 September 2020 @ 23:12
      For the coastal US mega cities, true... but in flyover America, really not a big deal...
  • RM
    Robert M.
    30 September 2020 @ 21:49
    And to add, good comments on the market at the end. Definitely worth listening.
  • RM
    Robert M.
    30 September 2020 @ 21:17
    Having run start-ups, raised VC money, and managed turnarounds, this is an excellent interview. Some may not see the tie to investing, but if you were looking to buy COTY stock right now (as an example), understanding turnaround mechanics is critical to that investment decision.
  • SC
    Sejong C.
    30 September 2020 @ 21:16
    This interview might not be directly related to actionable investment ideas, but was pretty interesting. Especially the last part on in-person contact. Recycling of server-grade hardware seems like a small business to me. At the dawn of the internet era, used/refurbished PC parts were looked at with a similar view. Nothing spectacular there, to my opinion. BTW, I enjoy building my own PCs from used server hardware.
  • JC
    Juan C.
    30 September 2020 @ 15:12
    Thanks guys for the heads up 11 mins into the interview. Saves me time to cut here.
  • PG
    Philippe G.
    30 September 2020 @ 15:07
    More of a media/entertainment industry overview, rather than a conversation on "The Data Explosion", which I did find interesting... Agree on the points around what work and return to the office may look like in the future.
  • RJ
    Raoul J.
    30 September 2020 @ 13:48
    Yeah terrible waste of time. no bueno here too