Wicked-ator, SpinCo, & The Infatuation 11/22/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 November 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

A big weekend is coming up for the box office, with Wicked and Gladiator II expected to bring in a combined $200 million. CNBC’s Julia Boorstin explains the stakes and the marketing blitzes for both movies. Puck’s Matt Belloni discusses Wicked-ator and Comcast’s rationale for “SpinCo,” its cable spinoff. Restaurant review platform The Infatuation is out with its best new restaurants of the year. CEO Paul Needham highlights recent dining trends, including “rip and dip” bagels and mini martinis. Plus, DirecTV scraps its merger with Dish, SEC Chair Gary Gensler will resign once President-elect Trump takes office, and Matt Gaetz is out and Pam Bondi is in for Trump’s attorney general pick. Megan Cassella - 03:52 Julia Boorstin - 19:00 Matt Belloni - 22:21 Paul Needham - 32:35 In this episode: Julia Boorstin, @JBoorstin Matt Belloni, @MattBelloni Paul Needham, @paul_needham Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:04.3	This is SquawkPod.
0:06.2	I'm CNBC producer Cameron Costa, and on today's episode,
0:10.4	the media spinoff that affects us here at CNBC, and probably you too,
0:16.1	why Comcast is cutting the cord with NBCU's cable.
0:20.2	Media Watcher Matt Bellany.
0:22.1	These are not growth businesses.
0:23.6	The cable networks are not growth.
0:25.1	Comcast is probably frustrated that they've been dragging down the stock.
0:29.1	A new pick for Attorney General named, but Treasury Secretary is still up for grabs.
0:35.6	Megan Casella on Senator Bill Haggerty in the running.
0:39.3	He's sort of been the dark horse candidate, but Trump seems to have had a good day with him on Wednesday.
0:43.3	And TGIF, weekend plans may include a Wicked Good Time.
0:49.3	CNBC's Julia Boreston. With movie audiences only going to theaters two to three times a year now, Wicked's massive marketing
0:57.6	blitz has made the brand ubiquitous.
1:01.7	Plus what's for dinner?
1:02.7	Infatuation CEO Paul Neum says it might be in a surprising neighborhood.
1:07.8	One thing we've seen this year, which is really interesting, is Midtown East in New York was actually our most popular search neighborhood. One thing we've seen this year, which is really interesting, is Midtown East in New York
1:11.3	was actually our most popular search neighborhood. It's Friday of maybe the longest week ever,
1:17.6	November 22nd, 2024, and SquawkPod begins right now. Stand Becky by in three, two, one,
1:25.8	cue a please. Oh, good morning, everybody. Welcome to Squ, one. Cuel, please.
1:29.3	Oh, good morning, everybody.
	...

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