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I prefer it when brands aren't 
trying to shove ads down my 

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throat. 
People can tie themselves in 

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knots a little bit when they're 
trying to hide the fact that 

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it's branded entertainment. 
And what I think creators have 

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shown, and a lot of brands in 
the digital space have shown, is

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that audiences are way ahead of 
that when it comes to brand. 

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IP absolutely still has a place 
in the media landscape, but I 

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don't think it's any longer the 
most important currency. 

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Hi, I'm Justin Crosby and 
welcome to another telecast. 

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On this week's show. 
I'm joined by Joe Churchill, 

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former Digital Commissioning 
Editor for branded content at 

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Channel 4 and now Co founder of 
Fan Club, an agency that's built

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itself around brands, creators 
and premium content and has 

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become one of the clearest 
examples of what a modern 

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digital first business looks 
like in 2026. 

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Fan Club helps brands behave 
like broadcasters and develops 

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formats that feel native to 
social video rather than 

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retrofitted from TV. 
Joe's got front row seats to the

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shifts coming down the track in 
branded entertainment. 

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So let's get into it. 
Hey, Joe. 

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Hello, thank you. 
That's a more succinct 

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encapsulation of what we do than
I've ever been able to come. 

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Up with Brilliant. 
OK. 

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I'll use that. 
Feel free, please. 

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Yeah, yeah, just just just drop 
it into AI and work as a, as a, 

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as a reminder, welcome to the 
show. 

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Great to see you. 
Yeah, thanks for having. 

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Me. 
Last time I saw you, we were in 

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a very sunny can, weren't we? 
I know I almost wore my winter 

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version of my big yellow shirt. 
Your big yellow shirt, yeah, 

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which is great. 
I thought I would just start to 

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look like that was all I had in 
my wardrobe. 

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Well, you. 
Would have been on brand, which,

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you know, I kind of quite like 
that, but so tell us about fan 

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club then. 
I mean you, we, we talked a 

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little bit, but for anybody who 
hasn't seen that show and 

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listened, listened to the the 
compilation shows that we had 

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around MIPCOM, just give us a 
refresher about what fan club is

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as a business. 
Yeah, great. 

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Well, so Fan Club is a digital 
agency and we have an express 

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mission which is we turn brands 
into broadcasters, which is, you

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know, can be broken down in lots
of different ways. 

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But effectively what that means 
is we're like a plug in media 

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partner for a brand. 
So we can help them through 

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their social channels and 
through YouTube to act like a 

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broadcaster, to connect directly
with an audience and to grow an 

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audience on their own and 
operated channels. 

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So in the same way that brands 
traditionally partner with media

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owners, whether that's like, you
know, print publishers like 

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Conde Nast or broadcasters like 
Channel 4 or digital publishers 

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like Lab Bible and BuzzFeed, we 
offer everything that those 

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partners offer, but we plug into
the brand and we do it all for 

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them on their channels. 
And I guess our USP or our kind 

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of point of difference is that 
we ultimately grow them 

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audiences. 
So when they work with us, they 

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get something that's lasting 
value that lives beyond that 

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campaign or that contract. 
Yeah, yeah. 

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And it's, it's, it's much more 
around entertainment becoming 

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entertaining entertainment 
brands in their own right, as 

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opposed to just advertisers and 
who are interrupting, you know, 

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whatever content you're watching
on whatever channel it is. 

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Yeah, yeah. 
Well, actually randomly I was 

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talking to somebody in a shop on
the way here who asked what I 

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did. 
And when I talked about brands 

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becoming like broadcasters, she 
was like, Oh, yeah, I've 

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followed a lot of brands this 
year, and it's great to see what

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they're doing. 
And she was like, is it a good 

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thing that brands are starting 
to make content like this? 

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And it actually made me reflect 
for a moment. 

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And I was like, is it a good 
thing? 

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I was like, yeah, no, I think it
is a good thing, which you would

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hope, right? 
But. 

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Affirmation of your own 
business. 

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That's good, yeah. 
Yeah, well, not often you get a 

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chance to properly reflect. 
But, you know, I think for me 

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personally, as someone who is on
these platforms myself, I prefer

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it when brands aren't trying to 
shove ads down my throat, but 

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when they're just making 
something that's entertaining, 

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that's good, that's useful, or 
that just has something of value

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to me. 
And I think, you know, the more 

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brands are leaning into that 
space, the more they're going to

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get, you know, genuine, you 
know, sentiment like build 

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community around their brands 
and ultimately kind of create an

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audience of like micro 
ambassadors who really care 

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about what your brand has to say
and what you're doing. 

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Yeah, Yeah. 
It's interesting. 

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I mean, the, the, we've, we've 
covered branded entertainment 

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and brand from the programming, 
branded content and all these 

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different phrases that we can 
use for this sort of sector over

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the years. 
And it seems like brands 

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becoming publishers become their
own publishers or broadcasters, 

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if you like, seems to be just a 
much more efficient and 

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effective way for brands to 
communicate with their audiences

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and own their own audiences as 
well. 

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Then then perhaps other other 
developments in this space. 

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Because the, there's another 
area that's been developing is 

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this unbranded content where 
brands are not involved or not 

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not they're funding the content,
but they might be exploiting it 

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in different ways, whereas the 
content you couldn't tell they 

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were involved. 
So it's just that's a very 

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different approach, isn't it? 
And I suppose there's different,

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you know, different approaches 
for different brands might, 

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might work. 
But to me, the, the brands as 

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broadcasters approach seems to 
be a lot of companies that are 

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doing very, very well for the 
sign in, for example. 

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And, and there's many, many, 
many examples of that. 

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I mean, where do you, you know 
how when you speak to a brand 

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who are interested in particular
in social media and creating 

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their own channels and, and 
becoming like moving into this, 

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this area, what's, what's the 
biggest hurdles? 

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What? 
What? 

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Is there any real convincing you
need to do? 

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Or they've already made their 
mind that this is something that

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they want to do. 
Yeah, I would say, I mean, every

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brand is different and every 
brand is on a different stage of

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their journey. 
I would say it kind of goes 

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traditional advertising on the 
size of buses, on TV, things 

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like that through to working 
with with publishers and 

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partners where you're renting 
their audiences because you're 

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kind of dipping your toe in that
world of branded entertainment. 

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And we're kind of the next phase
on that journey. 

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I think where it's like this is 
about owning your own audience. 

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I think brands who who've never 
done brand partnerships before, 

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that takes a lot more convincing
of why it's valuable and why 

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they should be doing it 
themselves. 

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You're trying to convince some 
kind of two things at once, a 

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why you should do branded 
entertainment at all and then 

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why you should be doing it on 
your own channels. 

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Whereas brands who have kind of 
done the brand partnerships 

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thing a little bit, or maybe 
they've worked with creators or 

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they've done influencer 
partnerships. 

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If it's less of a stretch to 
then say, actually you should be

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really making a virtue of this 
and, and, and being proud of the

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fact that you're doing it and so
doing it on your own channels. 

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But I would say like the, there 
are lots of different hurdles as

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well. 
Sometimes it is, you know, we've

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obviously been doing a big kind 
of roadshow and education piece 

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around media agencies, creative 
agencies and brands themselves 

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and just just telling them about
our offering and, and, and you 

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know, how we do what we do and 
why we think it's valuable. 

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And you know, understandably for
some media agencies, the 

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question they have is like, 
well, hang on, we're a media 

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agency. 
Why are we, why are we going to 

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buy media through you when we 
could just do it ourselves? 

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And you know, then again, it's 
it for some media agencies that 

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might be a bit of a hurdle that 
we have to get over. 

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But it's about understanding or 
kind of working with them to to 

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help show where we can be really
in the weeds of the content, the

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distribution, reading the data 
and then feeding that back into 

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the content and adjusting the 
media plan accordingly. 

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So that we are working every 
asset and every bit of media as 

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hard as possible, all optimized 
towards audience growth. 

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And you know, there's lots of 
great kind of champions out 

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there who are really excited by 
this prospect. 

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You've got to convince them, 
then you've got to convince 

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their brands on their roster. 
Yeah, Yeah. 

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It's interesting you said that. 
I mean, if you're a media agency

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and you make your money out of 
selling media and then your 

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offer is actually create your 
own media or build your own 

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media, isn't that just cutting 
them out of the the equation? 

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Well, no, we're finding that 
actually they're really good 

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people to be talking to because 
you know, because they they have

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the partnerships budgets, 
essentially they're working with

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their clients. 
A lot of media agencies are 

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already really, really well 
invested in branded 

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entertainment and they want to 
be the ones helping push this 

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forward. 
So we absolutely see them as a 

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partner on this journey because 
they understand the clients. 

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They have very good kind of long
term working relationships with 

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them. 
They can help bring them on this

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journey and also they can kind 
of, you know, educate us on the 

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client on what they need to get 
out of this. 

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And then we can, you know, 
figure out the best way to build

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a media plan around that. 
So absolutely, I would say they 

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are, they're a partner that we 
work with rather than some week 

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someone we cut out. 
But of course there are certain 

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brands that that we would go to 
directly. 

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Maybe they don't have a media 
agency and, and we, we 

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absolutely work in that way as 
well. 

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And yeah, we're what's, what's 
really encouraging is that we're

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finding that that we're having 
really fruitful conversations 

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in, in both the director brand 
and the the via kind of media 

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agency model. 
And do you think, I mean we, 

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we've seen a, you know, a few 
categories in particular, which 

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is you know, such as sportswear,
leisurewear, etcetera that 

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there's sort of been blazing the
trail for this, for this kind of

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approach. 
Are we seeing many other 

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categories sort of adopting this
then in terms of other brands 

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moving into this space? 
Yeah, and I think that's a 

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really, really good point 
because until now, I think 

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everyone thinks brands doing it 
themselves and they think for 

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Asylum, JD Sports, 
PrettyLittleThing, boohoo man. 

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It's very much 1 brand category 
and one niche of content as 

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well. 
But you know, the Dish I think 

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we can point to is like the gold
standard in branded 

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entertainment that is mass 
market and, you know, broad in 

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its audience that that it's 
building. 

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And then it's really interesting
to see people at M&S going into 

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00:10:01,200 --> 00:10:02,880
that space. 
They just launched a series on 

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YouTube called Love That, which 
is I think, you know, trying to 

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00:10:07,320 --> 00:10:11,760
do similar job to to what the 
Dish has managed to do, but with

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a bit more of a kind of magazine
format, which is interesting. 

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00:10:15,440 --> 00:10:17,800
But then, you know, there are 
brands that are really 

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surprising, like QuickBooks 
doing a load of kind of creator 

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00:10:20,560 --> 00:10:24,280
content on their own channels, 
which, you know, you would think

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00:10:24,280 --> 00:10:26,960
accountancy software might be 
the last brand that you would 

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00:10:26,960 --> 00:10:28,120
approach with something like 
that. 

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00:10:28,720 --> 00:10:32,200
But actually it it really works.
And they've also found some 

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00:10:32,200 --> 00:10:36,200
quite fun formats as well. 
Like Max Fosch explaining how he

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00:10:36,200 --> 00:10:39,200
carves up his income and how it 
works is like that's genuinely 

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something that I think an 
audience really cares about and 

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00:10:41,160 --> 00:10:43,880
wants to know, especially a 
young generation of people who 

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00:10:44,120 --> 00:10:46,400
that's what they aspire to now 
is becoming creators. 

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And so, you know, I think all of
that is starting to show that 

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00:10:49,920 --> 00:10:53,160
we're we're just at that tipping
point where it's starting to 

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transition from youth culture 
brands to really every brand 

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should be in this space. 
And there's a great stat that 

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00:11:00,160 --> 00:11:04,400
came out like last week, I think
that Evan Shapiro jumped on, 

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00:11:04,400 --> 00:11:07,280
which is the highest, the 
fastest growing sorry 

220
00:11:07,280 --> 00:11:10,880
demographic on YouTube is the 
over 50 fives at the moment. 

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00:11:11,720 --> 00:11:14,720
And you know, that's not just my
dad looking at people doing up 

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00:11:14,720 --> 00:11:17,440
old cars like that is across the
board. 

223
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So you know, whoever the brand 
is, whoever they want to reach, 

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the most effective way to do it 
is through these platforms. 

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So I think we're going to just 
see a lot of momentum for more 

226
00:11:28,000 --> 00:11:30,360
brands getting in there. 
And well, obviously, I'm hoping 

227
00:11:30,360 --> 00:11:33,880
very much to be kind of driving 
that momentum the forefront. 

228
00:11:33,880 --> 00:11:36,680
Of that and so you're six months
old right It's a business just 

229
00:11:36,800 --> 00:11:41,240
six or seven months yeah yeah 
and can you tell us any any 

230
00:11:41,240 --> 00:11:44,120
brands any campaigns that you're
working on yes, we've. 

231
00:11:44,120 --> 00:11:46,720
Got our first two campaigns 
which were in both in pre 

232
00:11:46,720 --> 00:11:50,080
production at the moment. 
The first, I can't mention the 

233
00:11:50,080 --> 00:11:51,960
brand because it's not been 
announced yet, but it's, it's a 

234
00:11:51,960 --> 00:11:54,800
it's a kind of appliance brand 
and that is that will be going 

235
00:11:54,800 --> 00:11:56,600
live in March next year. 
OK. 

236
00:11:57,160 --> 00:12:00,960
And then we are in pre 
production with a beer brand 

237
00:12:00,960 --> 00:12:03,840
called Primetime. 
We'll be going live with a 

238
00:12:03,840 --> 00:12:07,880
series with them in January, 
which is called the Low Cal Cook

239
00:12:07,880 --> 00:12:09,960
Off. 
Prime Time are a low calorie 

240
00:12:09,960 --> 00:12:14,080
beer brand that's their USP and 
so January feels like the 

241
00:12:14,080 --> 00:12:16,480
perfect time for them to be 
getting into the content space. 

242
00:12:16,480 --> 00:12:17,720
Certainly does. 
We're all hitting the. 

243
00:12:17,720 --> 00:12:23,320
Gym, We're all trying to lose a 
few pounds, but they're their 

244
00:12:23,320 --> 00:12:25,640
kind of energy is all about it's
bigger but better. 

245
00:12:25,800 --> 00:12:29,720
It's like, don't just try and 
like go yo-yo dieting or or be 

246
00:12:29,720 --> 00:12:34,520
really abstemious, but you know,
find find ways to be healthier, 

247
00:12:34,520 --> 00:12:37,200
make better choices, but without
sacrificing the flavour or the 

248
00:12:37,200 --> 00:12:39,240
fun. 
And yeah, we've got a really 

249
00:12:39,240 --> 00:12:41,360
exciting show. 
I think that kind of really 

250
00:12:41,360 --> 00:12:43,040
encapsulates that. 
Excellent. 

251
00:12:43,160 --> 00:12:46,200
OK. 
And, and do do all of your 

252
00:12:46,200 --> 00:12:49,200
shows, do they feature creators 
as talent then or what? 

253
00:12:49,200 --> 00:12:52,440
You know, how do, I mean, 
obviously there's two campaigns 

254
00:12:52,440 --> 00:12:54,160
that you that you're working on 
at the moment. 

255
00:12:54,160 --> 00:12:58,680
I mean, do creators need to be 
baked into into these sort of 

256
00:12:58,680 --> 00:13:02,400
shows to make them work or is 
that not not necessarily the 

257
00:13:02,400 --> 00:13:06,120
case? 
Not exclusively so, yeah. 

258
00:13:06,200 --> 00:13:09,880
But naturally we work a lot with
creators and, you know, have a 

259
00:13:09,880 --> 00:13:11,240
lot of good relationships there.
Also. 

260
00:13:11,240 --> 00:13:13,680
They do obviously work really 
well on those platforms. 

261
00:13:13,680 --> 00:13:17,320
So it'd be remiss of us if we 
just like totally discounted 

262
00:13:17,320 --> 00:13:19,280
them. 
But I would say there's quite a 

263
00:13:19,280 --> 00:13:23,840
broad range at the moment. 
I mean, it's early days, but I 

264
00:13:23,840 --> 00:13:26,560
would say it's roughly a 5050 
mix in the briefs that we're 

265
00:13:26,560 --> 00:13:29,360
talking about between more 
traditional kind of legacy 

266
00:13:29,360 --> 00:13:33,080
talent, but in the social space 
and those kind of digital native

267
00:13:33,080 --> 00:13:36,080
creators. 
What I always found at Channel 

268
00:13:36,080 --> 00:13:39,080
4, and we tried to do quite a 
lot is, is have a almost a 

269
00:13:39,080 --> 00:13:42,600
combination in in each series 
where you have someone that is 

270
00:13:42,600 --> 00:13:45,760
really speaking to that YouTube 
first audience and then someone 

271
00:13:45,760 --> 00:13:48,000
who's who was a bit more Channel
4 in that case. 

272
00:13:48,280 --> 00:13:51,680
But I think that that kind of 
chemistry works quite well when 

273
00:13:51,680 --> 00:13:54,880
you bring somebody who's not 
known for YouTube into the 

274
00:13:54,880 --> 00:13:57,840
YouTube space, but partner 
partner them with someone who 

275
00:13:57,840 --> 00:14:01,200
really kind of knows that 
dynamic and that vernacular. 

276
00:14:01,200 --> 00:14:04,600
Yeah. 
But yeah, it's so, yeah, the one

277
00:14:04,600 --> 00:14:06,640
of the projects that we're doing
at the moment is very much 

278
00:14:06,640 --> 00:14:08,800
creator LED. 
And the other one, it has a more

279
00:14:08,800 --> 00:14:10,680
kind of legacy talent at the 
heart of it. 

280
00:14:10,960 --> 00:14:14,680
And I think the thing that 
really dictates that is, is the 

281
00:14:14,680 --> 00:14:16,840
brand and the audience they want
to reach. 

282
00:14:16,840 --> 00:14:20,040
And you know, yeah, it's all 
really kind of built around 

283
00:14:20,040 --> 00:14:20,640
that. 
Yeah. 

284
00:14:21,000 --> 00:14:26,880
So 2026, you know, looks set to 
be really exciting time for, for

285
00:14:26,880 --> 00:14:29,640
your sector, I mean, for 
certainly for digital first 

286
00:14:29,640 --> 00:14:33,040
studios and for, you know, 
there's lots of opportunity 

287
00:14:33,040 --> 00:14:36,520
around the World Cup and, and 
major events that are happening 

288
00:14:36,520 --> 00:14:40,760
next year. 
What's your outline? 

289
00:14:40,760 --> 00:14:43,920
I mean, I'm going to ask you for
some predictions then for, for, 

290
00:14:43,920 --> 00:14:47,600
for 2026. 
I mean, clearly you're going to 

291
00:14:47,600 --> 00:14:50,840
predict that, you know, the 
branches broadcast is going to 

292
00:14:50,840 --> 00:14:52,600
be a big thing. 
That's the only thing. 

293
00:14:52,600 --> 00:14:57,160
That's going to happen. 
But but we will come back to 

294
00:14:57,160 --> 00:14:58,960
that. 
But what, what are the, what are

295
00:14:58,960 --> 00:15:02,880
the sort of key trends that are 
you sort of expecting to sort of

296
00:15:03,280 --> 00:15:07,760
pop off in 2026? 
Yes, we jump on the trends that 

297
00:15:08,320 --> 00:15:10,560
that were already in my other 
predictions. 

298
00:15:10,560 --> 00:15:12,680
Yeah, you. 
Can you, can you can talk about,

299
00:15:12,680 --> 00:15:14,560
you can talk about anything that
you like, right? 

300
00:15:14,680 --> 00:15:17,840
Yeah. 
I mean, I, I think the collab 

301
00:15:17,840 --> 00:15:21,840
posting on YouTube is, is going 
to make a change. 

302
00:15:21,840 --> 00:15:26,120
Like I think that's really 
exciting because I think it's 

303
00:15:26,120 --> 00:15:29,040
ways of sharing audiences. 
Whereas obviously that's been 

304
00:15:29,040 --> 00:15:31,600
going on on the short form 
platforms for quite a while. 

305
00:15:31,600 --> 00:15:35,040
And it's a really good way of 
kind of, you know, migrating 

306
00:15:35,040 --> 00:15:38,800
audiences across from a 
creator's channel to the to a 

307
00:15:38,800 --> 00:15:40,880
brand's channel or from a 
broadcaster's channel. 

308
00:15:41,760 --> 00:15:44,400
And I think being able to do 
that on YouTube, which is the 

309
00:15:44,400 --> 00:15:47,400
platform where brands can behave
the most like broadcasters, 

310
00:15:47,800 --> 00:15:49,560
offers all sorts of 
opportunities. 

311
00:15:49,760 --> 00:15:54,040
Because I think especially 
where, you know, creators, if a 

312
00:15:54,040 --> 00:15:56,760
brand wants to be on a creator's
own channel, they'll 

313
00:15:56,760 --> 00:15:59,640
understandably be very 
protective of that because that 

314
00:15:59,640 --> 00:16:01,880
is their, you know, that's their
identity. 

315
00:16:01,880 --> 00:16:05,440
That's what they're known for. 
And so brands can only really 

316
00:16:06,160 --> 00:16:08,200
they'll, they'll kind of give 
them over a budget and then it's

317
00:16:08,200 --> 00:16:11,200
like you do your thing with it, 
but there's not really any kind 

318
00:16:11,200 --> 00:16:16,040
of input the brand can have. 
And being able to collab post on

319
00:16:16,040 --> 00:16:19,320
YouTube, I think will will make 
a lot of difference in, in that 

320
00:16:19,320 --> 00:16:22,320
you'll be able to get creators 
to appear on stuff that is brand

321
00:16:22,320 --> 00:16:24,720
owned content. 
But you might, you may be able 

322
00:16:24,720 --> 00:16:27,520
to negotiate that they cross 
post it to their YouTube, even 

323
00:16:27,520 --> 00:16:30,400
on their YouTube shorts. 
And it allows you to kind of 

324
00:16:30,400 --> 00:16:33,640
access their audience without it
being tied into like it has to 

325
00:16:33,640 --> 00:16:38,440
be exactly your editorial 
throughout the whole episode. 

326
00:16:38,440 --> 00:16:39,880
Yeah. 
So I think that could be a 

327
00:16:39,880 --> 00:16:42,320
really exciting development. 
And that's. 

328
00:16:42,680 --> 00:16:45,040
A relatively recent development 
on YouTube, isn't it? 

329
00:16:45,040 --> 00:16:47,040
For long form content in 
particular, yeah. 

330
00:16:47,080 --> 00:16:48,520
Exactly. 
I think that's the in the last 

331
00:16:48,520 --> 00:16:50,440
kind of month or two what's? 
Happened, yeah. 

332
00:16:50,960 --> 00:16:54,080
So, so yeah, we're we're really 
hoping to be able to use that 

333
00:16:54,080 --> 00:16:56,080
and for. 
For people who don't necessarily

334
00:16:56,080 --> 00:16:59,280
understand what a collab post 
is, that is essentially bringing

335
00:16:59,280 --> 00:17:03,360
your content, allowing your 
content to to be surfaced on on 

336
00:17:03,360 --> 00:17:05,839
your collaborating partners 
feed. 

337
00:17:05,839 --> 00:17:08,359
Essentially, yeah. 
And like, there's a lot of great

338
00:17:08,359 --> 00:17:11,520
creators that are already doing 
it, where previously it might be

339
00:17:11,520 --> 00:17:15,440
like KSI is going to appear in a
video on Nico Emilano's channel,

340
00:17:16,319 --> 00:17:17,800
but that will only appear on his
channel. 

341
00:17:17,960 --> 00:17:20,760
Whereas now if they do that, 
that will get posted on both of 

342
00:17:20,760 --> 00:17:23,319
their channels. 
So the creators both get the 

343
00:17:23,319 --> 00:17:26,319
value of the video, but they 
also get that shared audience. 

344
00:17:26,319 --> 00:17:28,040
So it's a really mutually 
beneficial thing. 

345
00:17:28,520 --> 00:17:32,080
And so, yeah, I can see why 
they've made that change. 

346
00:17:32,080 --> 00:17:35,360
I think it really benefits the 
creators and we'll definitely 

347
00:17:35,360 --> 00:17:37,720
have a play around with how how 
we can make it work for brands 

348
00:17:37,720 --> 00:17:38,760
as well. 
Yeah, well. 

349
00:17:38,760 --> 00:17:41,520
Certainly for brands, you know, 
they're looking at creators 

350
00:17:41,520 --> 00:17:44,600
with, you know, two and a half 
million followers or a huge 

351
00:17:44,600 --> 00:17:46,480
audience. 
It's like that's our audience. 

352
00:17:46,480 --> 00:17:49,800
How do we get to them? 
This is a it's a relatively neat

353
00:17:50,760 --> 00:17:52,440
answer to that, to that issue, 
isn't it? 

354
00:17:52,440 --> 00:17:56,280
Yeah, yeah, absolutely. 
And, and, and, and what else 

355
00:17:56,280 --> 00:17:57,880
now? 
I mean, you, you, you've been 

356
00:17:57,920 --> 00:18:00,640
obviously before fan club, you 
were at Channel 4 for a number 

357
00:18:00,640 --> 00:18:04,840
of years as commissioner on the 
branded content side of things. 

358
00:18:06,880 --> 00:18:10,840
In general, how do you see the 
branded entertainment industry 

359
00:18:10,840 --> 00:18:14,080
moving forward in 2026, 
particularly in the in the 

360
00:18:14,080 --> 00:18:15,840
digital space? 
Yeah. 

361
00:18:15,840 --> 00:18:22,040
So I think it's so I, I, I feel 
like in the last couple of years

362
00:18:22,040 --> 00:18:26,360
we've had some really big 
milestones of massive like 

363
00:18:26,440 --> 00:18:29,520
YouTube shows that have then 
gone on to become streaming 

364
00:18:29,520 --> 00:18:31,440
shows. 
Like inside is the kind of prime

365
00:18:31,440 --> 00:18:32,480
example of that. 
Yeah. 

366
00:18:32,720 --> 00:18:35,800
I think the next kind of 
milestone in is in branded 

367
00:18:35,800 --> 00:18:39,280
entertainment is in a big 
branded show that's a digital 

368
00:18:39,280 --> 00:18:42,360
hit becoming a linear or 
streaming show. 

369
00:18:42,960 --> 00:18:46,240
Frankly, I wouldn't be surprised
at all if the dish ended up on 

370
00:18:46,240 --> 00:18:49,120
Channel 4 or ITV. 
Me neither. 

371
00:18:50,160 --> 00:18:51,960
I think, you know, and I think 
that would be amazing. 

372
00:18:51,960 --> 00:18:54,400
They would kill for, you know, 
the kind of audiences that 

373
00:18:54,400 --> 00:18:58,040
they're getting. 
So I think when that happens, 

374
00:18:58,040 --> 00:19:02,000
that will be a real kind of 
shift, I think in the mindset of

375
00:19:02,200 --> 00:19:05,280
of a lot of the kind of legacy 
industry people. 

376
00:19:06,080 --> 00:19:09,400
And you know what, what I really
hope happens is I think a lot 

377
00:19:09,400 --> 00:19:14,920
of, you know, the old guard, I 
guess of, of broadcast kind of 

378
00:19:14,920 --> 00:19:16,920
hold their nose about branded a 
little bit. 

379
00:19:17,360 --> 00:19:18,720
They still do. 
Don't they? 

380
00:19:18,760 --> 00:19:22,880
They still do. 
I mean, it, it, it, it that used

381
00:19:22,880 --> 00:19:26,160
to drive me what it used to 
drive me when I was APR before I

382
00:19:26,160 --> 00:19:29,360
started telecast whenever I was 
working with a, with a 

383
00:19:29,720 --> 00:19:31,880
production company client who 
said, Oh, you know, we've just 

384
00:19:31,880 --> 00:19:35,240
made a chauffeur Red Bull or 
whatever. 

385
00:19:35,240 --> 00:19:38,920
You know, the TV trades wouldn't
touch it because it's like, and,

386
00:19:39,000 --> 00:19:43,200
and it was that overall industry
kind of looking down the nose of

387
00:19:43,200 --> 00:19:45,280
branded and entertainment 
branded content. 

388
00:19:45,280 --> 00:19:47,560
It's like, well, why, what, 
what, what, what does? 

389
00:19:47,680 --> 00:19:49,920
And it's like, well, there's 
this is there was this sort of 

390
00:19:49,920 --> 00:19:53,480
sense that it it wasn't pure 
entertainment in some way, you 

391
00:19:53,480 --> 00:19:56,560
know, it was like sullied by 
brand being involved in it, 

392
00:19:57,560 --> 00:19:59,120
which I could never get my head 
around. 

393
00:19:59,120 --> 00:20:02,680
But but you, I mean you does 
that still, Yeah. 

394
00:20:02,760 --> 00:20:07,720
Well, and no shades to Channel 
4, which you know, got a lot of 

395
00:20:07,720 --> 00:20:09,800
love for that place still and 
all the people there. 

396
00:20:11,200 --> 00:20:15,840
But I, I think there was a 
slightly an undertone definitely

397
00:20:15,840 --> 00:20:17,960
of snobbery towards branded 
entertainment. 

398
00:20:18,240 --> 00:20:19,840
I would say that that is 
changing. 

399
00:20:19,840 --> 00:20:22,000
Like there's definitely a shift 
under way. 

400
00:20:22,000 --> 00:20:25,920
And they had the cancer doctors 
with Cancer Research that came 

401
00:20:25,920 --> 00:20:29,440
out recently. 
It's the, it's basically like 

402
00:20:29,440 --> 00:20:32,720
the, you know, the people who 
was finding the cures. 

403
00:20:32,720 --> 00:20:35,640
It was like a series about that 
that was branded entertainment. 

404
00:20:35,760 --> 00:20:37,200
They've threw their weight 
behind it. 

405
00:20:37,200 --> 00:20:39,440
It did really well. 
It got a load of press like 

406
00:20:39,440 --> 00:20:40,240
that. 
That's great. 

407
00:20:40,480 --> 00:20:45,880
But I think my slight bugbear is
that I think people can tie 

408
00:20:45,880 --> 00:20:49,480
themselves in knots a little bit
when they're trying to hide the 

409
00:20:49,480 --> 00:20:51,000
fact that it's branded 
entertainment. 

410
00:20:51,280 --> 00:20:53,960
And what I think creators have 
shown and a lot of brands in the

411
00:20:53,960 --> 00:20:57,400
digital space have shown is that
audiences are way ahead of that 

412
00:20:57,400 --> 00:20:59,680
when it comes to brands. 
Audiences are used to all day, 

413
00:20:59,680 --> 00:21:02,080
every day being, you know, 
bombarded with stuff from 

414
00:21:02,080 --> 00:21:04,280
brands. 
When they see a brand putting 

415
00:21:04,280 --> 00:21:07,880
out a piece of entertainment, if
they go this is from JD Sports 

416
00:21:07,880 --> 00:21:10,440
or this is from Waitrose, 
they're like, of course it is 

417
00:21:10,560 --> 00:21:12,480
happy days. 
And then you move on. 

418
00:21:12,560 --> 00:21:14,240
And as long as you're showing 
them something entertainment, 

419
00:21:14,240 --> 00:21:16,960
entertaining, they'll they'll 
like around and create is a 

420
00:21:16,960 --> 00:21:18,920
brilliant at that. 
They have like an ad read 

421
00:21:18,920 --> 00:21:22,200
message, but they make sure they
put it in in a way that's funny.

422
00:21:22,520 --> 00:21:25,560
Like a lot of the time it 
elevates the content rather than

423
00:21:25,840 --> 00:21:27,960
like disrupting it or 
distracting the audience. 

424
00:21:28,320 --> 00:21:32,080
And I think it it means that 
you're actually building trust 

425
00:21:32,080 --> 00:21:34,280
there because it feels like 
you're not trying to pull the 

426
00:21:34,280 --> 00:21:37,040
wool over their eyes. 
And I've, you know, I think 

427
00:21:37,240 --> 00:21:39,880
occasionally, and we definitely 
came up against this at Channel 

428
00:21:39,880 --> 00:21:44,960
4, we would have to find very 
kind of subtle ways of 

429
00:21:44,960 --> 00:21:47,800
shoehorning in a brand or like, 
getting it in in a way that's, 

430
00:21:47,800 --> 00:21:52,360
you know, editorially justified.
When if we'd have just gone, 

431
00:21:52,360 --> 00:21:56,480
we're here with Dulux, it'd been
like, Dulux is happy, we're 

432
00:21:56,480 --> 00:21:58,640
happy now let's get on with the 
show and you don't have to worry

433
00:21:58,640 --> 00:22:03,200
about the rest of it. 
So yeah, I think as I say, that 

434
00:22:03,200 --> 00:22:06,480
wasn't changing that. 
Wasn't that was that was from an

435
00:22:06,480 --> 00:22:08,400
editorial point of view, wasn't 
it? 

436
00:22:08,400 --> 00:22:11,400
That wasn't from a regulatory 
point of view. 

437
00:22:12,000 --> 00:22:15,080
Yeah, and and not to get, you 
know, too diverted into the 

438
00:22:15,080 --> 00:22:17,600
technicalities, we won't. 
We won't go too much into the 

439
00:22:17,600 --> 00:22:21,400
weeds on that. 
But but no, Channel 4 applies 

440
00:22:21,400 --> 00:22:24,320
the spirit of Ofcom to all 
social branded entertainment. 

441
00:22:24,600 --> 00:22:28,960
And the Ofcom guidelines for 
branded entertainment are like 

442
00:22:28,960 --> 00:22:30,720
they're guidelines for linear 
first and foremost. 

443
00:22:30,720 --> 00:22:34,360
But also, I think they are quite
outdated, which means that then 

444
00:22:34,400 --> 00:22:36,880
they're nowhere near keeping up 
with the stuff that's going on 

445
00:22:36,880 --> 00:22:39,840
on the platforms, which when 
you're commissioning for digital

446
00:22:40,160 --> 00:22:42,880
does make it a bit tricky 
because you're having to do 

447
00:22:42,880 --> 00:22:45,280
something, you know, the, the 
platform would be, would be fine

448
00:22:45,280 --> 00:22:47,080
with it, the audience would be 
fine with it. 

449
00:22:47,320 --> 00:22:51,040
But because we're working in a 
quite ATV way, there's some 

450
00:22:51,040 --> 00:22:52,920
guidelines that wouldn't be fine
with it. 

451
00:22:53,160 --> 00:22:57,040
So, and I totally understand the
rationale behind having that, 

452
00:22:57,360 --> 00:23:02,000
but it feels like the way the 
world has moved, moved on from 

453
00:23:02,000 --> 00:23:04,760
there. 
But yeah, as I say, I, I think 

454
00:23:04,760 --> 00:23:07,200
that is shifting. 
I think it's shifting at ITV is 

455
00:23:07,200 --> 00:23:08,720
definitely shifting at Channel 
4. 

456
00:23:09,400 --> 00:23:13,720
And so I, you know, I, I think 
we're, we're on a kind of good 

457
00:23:13,720 --> 00:23:16,680
trajectory, yeah. 
OK, so that's my. 

458
00:23:16,680 --> 00:23:19,080
That's my. 
Way of not putting any any digs 

459
00:23:19,080 --> 00:23:20,240
in I saw. 
That Yeah, yeah. 

460
00:23:20,280 --> 00:23:23,080
That was, that was yeah, that 
was very, very definitely done. 

461
00:23:25,120 --> 00:23:31,160
So we've just seen Angry Ginge 
when I'm A Celebrity, Get Me Out

462
00:23:31,160 --> 00:23:34,400
of here. 
We've seen, you know, the rise 

463
00:23:34,400 --> 00:23:40,040
of creator talent over the last,
you know, 2-3 years and it's 

464
00:23:40,040 --> 00:23:43,160
really exciting time. 
I mean, we've also seen, we've 

465
00:23:43,160 --> 00:23:47,160
seen lots of agencies and the 
and, and talent fees rising 

466
00:23:47,160 --> 00:23:48,600
massively as well. 
Yeah. 

467
00:23:49,640 --> 00:23:54,560
How do you square that circle 
then when it comes to working 

468
00:23:54,560 --> 00:23:56,880
with brands and creators? 
Because obviously you have 

469
00:23:56,880 --> 00:24:00,400
definitive, you know, you have 
defensive budgets, you know, 

470
00:24:00,400 --> 00:24:04,400
that you can't move on from. 
I mean, are you finding there is

471
00:24:04,400 --> 00:24:07,760
a squeeze on tunnel tunnel 
talent costs at the moment in 

472
00:24:07,760 --> 00:24:13,000
this space? 
What I am finding is that, I 

473
00:24:13,000 --> 00:24:20,040
mean, yes, in it's, it's kind of
in some ways I think yes, it is 

474
00:24:20,040 --> 00:24:24,160
a little bit the Wild West still
because talent fees, yes, 

475
00:24:24,160 --> 00:24:27,960
they've absolutely gone up over 
the last few years in a, in a 

476
00:24:27,960 --> 00:24:30,320
kind of meteoric way, but also 
in a way that it's very 

477
00:24:30,320 --> 00:24:33,920
difficult to, to track and to 
kind of keep across. 

478
00:24:34,200 --> 00:24:38,440
So what I've been doing a lot 
more proactively is building 

479
00:24:38,600 --> 00:24:41,200
relationships with agents, 
really kind of understanding 

480
00:24:41,360 --> 00:24:48,760
where they are with their talent
and having a kind of a bit of a 

481
00:24:48,760 --> 00:24:51,000
kind of spreadsheet. 
Not in that literal spreadsheet,

482
00:24:51,000 --> 00:24:54,640
but like in my head of like who 
the talent are that we really 

483
00:24:54,640 --> 00:24:57,080
like and really want to be 
working with and roughly what 

484
00:24:57,080 --> 00:24:59,320
their fees are. 
So that when we're working on 

485
00:24:59,320 --> 00:25:02,120
briefs, essentially we're never 
putting anybody forward that we 

486
00:25:02,120 --> 00:25:05,480
don't know we could get them or 
someone kind of equivalent to 

487
00:25:05,480 --> 00:25:08,880
them. 
So I think, yeah, it is tricky, 

488
00:25:08,880 --> 00:25:12,840
but I think the way to navigate 
that really is to keep on top of

489
00:25:12,840 --> 00:25:18,240
it and, and and have agency 
relationships, which was never, 

490
00:25:18,280 --> 00:25:21,320
you know, in my with my old 
Channel 4, Helen, it wasn't as 

491
00:25:21,320 --> 00:25:23,720
crucial because of that was the 
Indies having those 

492
00:25:23,720 --> 00:25:25,720
relationships. 
So it was a slightly more 

493
00:25:25,720 --> 00:25:29,960
indirect thing. 
But yeah, you know, and I think 

494
00:25:29,960 --> 00:25:32,080
I think it's kind of Fair enough
as well. 

495
00:25:32,240 --> 00:25:36,280
You know, they know their value 
and they know their audience. 

496
00:25:36,280 --> 00:25:38,560
And so, you know, I think it's 
impossible. 

497
00:25:38,560 --> 00:25:42,000
It's important not to. 
Well, that's the. 

498
00:25:42,000 --> 00:25:44,640
Thing you, you, you the 
difference is you're buying 

499
00:25:44,640 --> 00:25:47,440
their audience as well or you're
buying access to their audience,

500
00:25:47,440 --> 00:25:51,800
should I say so? 
So that's the sort of slightly 

501
00:25:51,800 --> 00:25:53,960
different way of quantifying, 
isn't it, rather than just 

502
00:25:53,960 --> 00:25:55,600
having some talent on telly. 
Yeah. 

503
00:25:57,040 --> 00:26:00,680
And and just one final thing on 
on talent as well. 

504
00:26:00,680 --> 00:26:06,440
I mean, do do you, when brands 
are involved, I mean, some of 

505
00:26:06,440 --> 00:26:13,200
the more partnership driven 
talent formats might be, you 

506
00:26:13,200 --> 00:26:16,520
know, the, the, the creator 
because of the low production 

507
00:26:16,520 --> 00:26:19,720
costs that may be cut in as a 
deal that might be a sort of a 

508
00:26:19,760 --> 00:26:22,840
deal, which makes sense. 
You know, the creator's going to

509
00:26:22,840 --> 00:26:25,360
give X amount of their time, but
obviously they want to work with

510
00:26:25,360 --> 00:26:28,120
a company that's going to build 
that brand and they can all, you

511
00:26:28,120 --> 00:26:30,120
know, be successful going 
forward. 

512
00:26:30,120 --> 00:26:32,240
And, and, and we've seen more 
and more of that happening. 

513
00:26:32,560 --> 00:26:37,440
Does that tend to work in the in
the branded space or is it much 

514
00:26:37,440 --> 00:26:42,080
more of a case of a much more 
simple kind of transactional 

515
00:26:42,440 --> 00:26:44,440
discussion? 
Yeah. 

516
00:26:44,480 --> 00:26:47,160
I mean, it can, it can work in 
that way. 

517
00:26:47,160 --> 00:26:49,680
It's there. 
There's definitely a bit of a 

518
00:26:49,800 --> 00:26:53,040
distinction between some 
creators are very used to just 

519
00:26:53,040 --> 00:26:56,200
being given a budget and be 
like, you're promoting this 

520
00:26:56,200 --> 00:26:58,680
brand, do your thing, post on 
your channel and it's a kind of 

521
00:26:58,680 --> 00:27:02,400
lump sum. 
And what we what we're doing is 

522
00:27:02,400 --> 00:27:04,720
obviously it's a bit more of an 
involved production. 

523
00:27:04,720 --> 00:27:06,440
It's it's more kind of 
formatted. 

524
00:27:06,440 --> 00:27:09,160
It's it's like broadcaster Jason
Entertainment. 

525
00:27:09,480 --> 00:27:12,840
And so then it's about 
negotiating, you know, this is 

526
00:27:12,840 --> 00:27:16,840
an appearance fee, like it's for
your time and we're not 

527
00:27:16,840 --> 00:27:19,920
contracting you to post about 
it, which is why it might not be

528
00:27:19,920 --> 00:27:22,640
quite as much in your pocket 
because we're doing all of the 

529
00:27:22,640 --> 00:27:24,520
production and all this other 
stuff around it. 

530
00:27:25,240 --> 00:27:29,520
But ultimately then what, you 
know, what we're building is 

531
00:27:29,520 --> 00:27:32,520
affinity between that brand and 
that creator that could then and

532
00:27:32,520 --> 00:27:35,640
often does like blossom into 
either like an ambassadorship or

533
00:27:35,880 --> 00:27:37,920
further stuff that they do or 
they do something direct with 

534
00:27:37,920 --> 00:27:39,920
them, you know, on their own 
channels. 

535
00:27:40,600 --> 00:27:42,400
So there's lots of different 
ways that it could work. 

536
00:27:42,600 --> 00:27:45,880
There are also, obviously, you 
know, there's there's really 

537
00:27:46,720 --> 00:27:49,800
like great players in this 
space, in the kind of vodcast 

538
00:27:49,800 --> 00:27:52,440
space, which is definitely 
having a bit of a moment. 

539
00:27:52,440 --> 00:27:54,520
And I'm sure that's going to 
increase in the next year. 

540
00:27:55,000 --> 00:27:56,880
Like, you know, people like 
platform, we were doing very 

541
00:27:56,880 --> 00:27:59,840
interesting things where they're
building kind of IP around a 

542
00:27:59,840 --> 00:28:01,680
talent and then bringing brands 
to that. 

543
00:28:02,360 --> 00:28:05,360
And I'm sure there's going to 
be, you know, in the future, 

544
00:28:05,360 --> 00:28:08,480
there might be talent and a 
brand launch channel together. 

545
00:28:08,480 --> 00:28:10,880
Like I could definitely see 
that. 

546
00:28:10,960 --> 00:28:13,680
Like, you know, that's something
we'd be definitely interested in

547
00:28:13,680 --> 00:28:15,640
doing. 
I'm sure everyone else is kind 

548
00:28:15,640 --> 00:28:17,000
of thinking in that space as 
well. 

549
00:28:18,200 --> 00:28:21,680
So yeah, it's, you know, it's 
that, you know, talent's never 

550
00:28:21,680 --> 00:28:24,000
not going to be an important 
part of it. 

551
00:28:25,000 --> 00:28:27,680
And yeah, yeah. 
Like, and there's, it's never 

552
00:28:27,680 --> 00:28:29,720
going to be really 
straightforward. 

553
00:28:30,080 --> 00:28:31,360
Like there's just a list of 
rates. 

554
00:28:31,360 --> 00:28:33,200
So you just like, ask them for a
day. 

555
00:28:33,240 --> 00:28:34,160
Yeah, yeah. 
Of course. 

556
00:28:35,360 --> 00:28:39,480
So looking again forward to 
2026, I mean, one of the biggest

557
00:28:40,320 --> 00:28:44,560
developments in this space, in 
the space of social video has 

558
00:28:44,560 --> 00:28:48,840
been micro drama over the last 
year or two years certainly. 

559
00:28:48,840 --> 00:28:51,320
And I'm talking, you know, the 
awareness of this is in the 

560
00:28:51,320 --> 00:28:54,160
industry in the UK, whereas 
other parts of the world, it's 

561
00:28:54,160 --> 00:28:57,120
obviously already hugely 
successful and and established 

562
00:28:57,120 --> 00:29:02,360
businesses. 
Could you see a brand funded 

563
00:29:02,360 --> 00:29:06,920
micro drama, you know, becoming 
successful in 2026? 

564
00:29:07,280 --> 00:29:08,320
I. 
Yes, I can. 

565
00:29:08,400 --> 00:29:14,760
I'm working on one in fact. 
OK, so yeah, because STV, the 

566
00:29:14,760 --> 00:29:17,200
partner who invested in fan 
club, they're obviously 

567
00:29:17,440 --> 00:29:21,040
traditional broadcaster and 
traditional broadcast studios. 

568
00:29:21,320 --> 00:29:24,720
So what's great about that is 
you know, I'm I'm in the same 

569
00:29:24,720 --> 00:29:28,200
building as all these Indies who
are absolute genre specialists. 

570
00:29:28,560 --> 00:29:31,480
So with one of those production 
companies, we're developing up a

571
00:29:31,480 --> 00:29:35,120
drama, a micro drama series with
a view to take it out to brands 

572
00:29:36,200 --> 00:29:38,920
it, you know, and what we really
want to do, because they are, 

573
00:29:38,960 --> 00:29:40,520
you know, they're making shows 
for Netflix. 

574
00:29:40,520 --> 00:29:43,480
They want to they're they're 
interested in micro drama, but 

575
00:29:43,480 --> 00:29:47,360
their issue is like it's quite 
like soap opera and telling the 

576
00:29:47,360 --> 00:29:50,440
Valerie, which like I you know, 
and I get why it is like that. 

577
00:29:50,640 --> 00:29:53,000
But what we'd like to do is try 
and find a way to like really 

578
00:29:53,000 --> 00:29:55,840
elevate it and turn it into 
something, you know, that could 

579
00:29:56,000 --> 00:29:59,560
win awards that, you know, 
hopefully will will get a big 

580
00:29:59,560 --> 00:30:03,480
name star involved in. 
And I think you know that. 

581
00:30:03,720 --> 00:30:07,480
So yeah, yes, I think, I think 
that will definitely happen. 

582
00:30:07,520 --> 00:30:09,040
I hope we're the ones to do it, 
yeah. 

583
00:30:09,240 --> 00:30:12,000
Yeah, well, it feels like, it 
feels like the next step, 

584
00:30:12,000 --> 00:30:16,200
doesn't it, in many ways. 
And we've seen Fox Entertainment

585
00:30:16,200 --> 00:30:20,600
investing in holy water and. 
And they've already said that, 

586
00:30:20,600 --> 00:30:24,040
you know, AAA talent from Fox is
going to be coming into some of 

587
00:30:24,040 --> 00:30:25,680
their micro dramas over the next
year. 

588
00:30:25,680 --> 00:30:29,280
So it feels like a real, you 
know, one of these is going to 

589
00:30:29,280 --> 00:30:32,840
really pop off and, you know, 
but potentially create another 

590
00:30:32,840 --> 00:30:36,800
sort of subset of this whole 
exciting developing genre. 

591
00:30:37,840 --> 00:30:43,280
So just thinking about what 
brands are asking for now that 

592
00:30:43,280 --> 00:30:46,880
they perhaps weren't asking for 
a couple of years ago. 

593
00:30:46,920 --> 00:30:48,880
I mean, obviously you're going 
to say, but you know, we want 

594
00:30:48,880 --> 00:30:51,240
our own channel. 
They're all. 

595
00:30:51,240 --> 00:30:55,320
Asking that they're all of them 
hanging on my door so. 

596
00:30:55,360 --> 00:30:59,560
Thinking about 2026 and how 
brands are approaching this 

597
00:30:59,560 --> 00:31:03,040
whole space, is there anything 
that you'd specifically 

598
00:31:03,040 --> 00:31:07,160
highlight that they're looking 
for now that they might not have

599
00:31:07,160 --> 00:31:09,240
been looking for, say, a couple 
of years ago? 

600
00:31:09,880 --> 00:31:11,840
Yeah, I think there's there's a 
couple of things. 

601
00:31:11,840 --> 00:31:16,200
I think particularly when brands
are interested in branded 

602
00:31:16,200 --> 00:31:19,360
entertainment, they want to know
beyond social, beyond this 

603
00:31:19,360 --> 00:31:23,440
series, what can this become? 
So we talk a lot about like 

604
00:31:23,640 --> 00:31:27,360
we're creating IP here. 
How then can that IP become like

605
00:31:27,360 --> 00:31:31,040
super valuable beyond the 
campaign window, the. 

606
00:31:31,080 --> 00:31:32,760
Rights, The rights question, 
yeah. 

607
00:31:32,840 --> 00:31:34,920
Yeah. 
So, you know, does it become a 

608
00:31:34,920 --> 00:31:37,200
live event? 
Like could it be experiential? 

609
00:31:37,200 --> 00:31:41,680
Could we, you know, turn it 
into, you know, some merchandise

610
00:31:41,680 --> 00:31:45,040
or a book or like. 
So with pretty much all of our 

611
00:31:45,040 --> 00:31:47,720
pictures that we put together 
now, we always think like long 

612
00:31:47,720 --> 00:31:50,440
term, where could this go and 
what could this be? 

613
00:31:50,720 --> 00:31:52,760
And I think that's something 
that, yeah, brands are more 

614
00:31:52,760 --> 00:31:57,680
alive to than ever. 
So again, you know, coming back 

615
00:31:57,680 --> 00:32:02,560
to predictions for 2026, you 
recently wrote in the drop that 

616
00:32:02,680 --> 00:32:06,360
you're looking at potential a 
lot of mergers, a lot of 

617
00:32:06,360 --> 00:32:09,440
broadcasters buying up digital 
studios potentially. 

618
00:32:11,560 --> 00:32:14,360
What do you, I mean is that 
could you expand on that a 

619
00:32:14,360 --> 00:32:17,720
little bit in terms of what you 
know what you expect to happen 

620
00:32:17,720 --> 00:32:21,920
from a corporate perspective in 
in 2026? 

621
00:32:22,400 --> 00:32:25,840
Yeah. 
So, I mean, I think we can see 

622
00:32:25,840 --> 00:32:29,800
it like if you look macro at the
industry, you look at Netflix 

623
00:32:29,800 --> 00:32:32,320
and Warner Brothers, like 
there's a huge mass 

624
00:32:32,320 --> 00:32:34,640
consolidation happening across 
the board. 

625
00:32:34,640 --> 00:32:38,040
And I think that's kind of 
trickling down to to our 

626
00:32:38,040 --> 00:32:41,120
industry. 
And I think there's also a lot 

627
00:32:41,120 --> 00:32:44,320
of big players in the TV space 
who are clearly looking at 

628
00:32:44,320 --> 00:32:48,000
digital, getting into digital, 
whether it's by hiring people to

629
00:32:48,120 --> 00:32:51,640
lead the charge or buying 
studios like Global just bought 

630
00:32:51,640 --> 00:32:55,400
the fellas studios. 
So I think it's clearly, you 

631
00:32:55,400 --> 00:33:00,320
know, you can see anecdotally 
all of these different examples.

632
00:33:01,680 --> 00:33:05,640
I think what's going to be 
really interesting is who has 

633
00:33:05,640 --> 00:33:11,160
the patience to really stick 
with it and and kind of commit 

634
00:33:11,160 --> 00:33:13,760
to something that is sustainable
long term growth. 

635
00:33:13,760 --> 00:33:16,880
Because I think there's lots of 
ways that you can short circuit 

636
00:33:16,880 --> 00:33:21,320
your way to an audience and, and
to, you know, you know, whether 

637
00:33:21,320 --> 00:33:24,120
it's buying channels, whether 
it's, you know, betting big on 

638
00:33:24,120 --> 00:33:26,680
massive talent. 
But I think a lot of those 

639
00:33:26,680 --> 00:33:29,720
things, they can be very costly,
whether they're costly upfront 

640
00:33:29,720 --> 00:33:32,720
or they're costly down the road 
as, you know, creators become 

641
00:33:32,720 --> 00:33:36,320
more expensive. 
But you know, anyone who's kind 

642
00:33:36,320 --> 00:33:40,320
of in this in this world knows 
that the key to success is, you 

643
00:33:40,320 --> 00:33:44,240
know, high quality, consistency 
and really being in it for the 

644
00:33:44,240 --> 00:33:46,400
long game and just like 
committing to that audience, 

645
00:33:46,400 --> 00:33:49,360
building that audience. 
And that's why we're, you know, 

646
00:33:49,560 --> 00:33:51,960
doing what we're doing, which is
taking that approach to brands 

647
00:33:51,960 --> 00:33:55,520
and saying like, look, if you 
commit to this, that the Sky's 

648
00:33:55,520 --> 00:33:57,320
the limit, this can really 
become huge. 

649
00:33:58,080 --> 00:34:02,200
And I think the thing that the 
thing that I see with speaking 

650
00:34:02,200 --> 00:34:05,440
about IP, IP absolutely still 
has a place in the media 

651
00:34:05,440 --> 00:34:09,840
landscape, but I don't think 
it's any longer the most 

652
00:34:09,840 --> 00:34:12,000
important currency. 
You know, this used to be the 

653
00:34:12,000 --> 00:34:14,440
thing that everyone valued above
above all. 

654
00:34:15,080 --> 00:34:18,080
But now I think audiences have 
replaced that, you know, with 

655
00:34:18,080 --> 00:34:21,800
the distribution of of, of, 
sorry, with the democratization 

656
00:34:21,800 --> 00:34:24,440
of distribution, anyone can 
build an audience. 

657
00:34:24,639 --> 00:34:27,000
And that is the thing that 
people can can commercialize on 

658
00:34:27,000 --> 00:34:29,320
their channels. 
Your format is very difficult to

659
00:34:29,320 --> 00:34:32,480
protect when anyone can kind of 
copycat it or make a few 

660
00:34:32,480 --> 00:34:34,880
changes. 
But no one can steal your 

661
00:34:34,880 --> 00:34:38,239
audience, so there haven't. 
Been that many really original 

662
00:34:38,239 --> 00:34:40,639
formats coming through have 
there that have really, I mean a

663
00:34:40,639 --> 00:34:44,719
lot of them have been relatively
similar to large TV brands that 

664
00:34:44,719 --> 00:34:47,280
we've seen, you know, really pop
off in the last kind of couple 

665
00:34:47,280 --> 00:34:48,199
of years. 
Yeah, yeah. 

666
00:34:48,199 --> 00:34:50,040
Absolutely. 
And like with a different tone 

667
00:34:50,040 --> 00:34:53,840
of voice and different kind of 
energy to it and like feel a 

668
00:34:53,840 --> 00:34:55,719
little a lot more anarchic, 
which is great. 

669
00:34:56,560 --> 00:35:01,640
But yeah, I I think the studios 
and the big players who really 

670
00:35:01,760 --> 00:35:04,240
understand the audience is the 
new currency. 

671
00:35:04,480 --> 00:35:06,800
They'll be the ones that win in 
this new space. 

672
00:35:06,800 --> 00:35:10,040
And anyone who's really thinking
like, no, actually, this is all 

673
00:35:10,040 --> 00:35:13,480
about clinging on to IPI think I
think they might come across a 

674
00:35:13,480 --> 00:35:15,800
that's. 
Interesting, but but you're 

675
00:35:15,800 --> 00:35:19,280
still saying digital studios. 
You might find the bigger 

676
00:35:19,280 --> 00:35:23,520
distribution companies taking a 
shortcut and looking at the 

677
00:35:23,560 --> 00:35:25,280
buying of these digital 
specialists. 

678
00:35:25,280 --> 00:35:27,960
We might see a bit more of that 
in 2026, yes. 

679
00:35:27,960 --> 00:35:29,600
Yeah, I think so. 
I think so. 

680
00:35:29,640 --> 00:35:30,560
Yeah. 
Buy, yeah. 

681
00:35:30,560 --> 00:35:33,080
Buying studios and buying 
channels I think will be the 

682
00:35:33,080 --> 00:35:34,880
way. 
And now it's time for Story of 

683
00:35:34,880 --> 00:35:37,600
the Week, where my guests get to
nominate the content industry 

684
00:35:37,600 --> 00:35:40,600
news story that's caught their 
eye in the past few days. 

685
00:35:40,600 --> 00:35:42,360
Joe, what's your story of the 
week? 

686
00:35:43,000 --> 00:35:46,840
Well, it's the AI bubble that 
everyone's talking about, which 

687
00:35:47,920 --> 00:35:49,440
I've gone down a bit of a rabbit
hole on. 

688
00:35:49,440 --> 00:35:53,800
I think it's really interesting.
I mean, obviously AI it is, you 

689
00:35:53,800 --> 00:35:56,960
know, it's, it's like the 
Internet, it's not going away. 

690
00:35:57,320 --> 00:35:59,480
But I think there clearly is a 
bubble. 

691
00:35:59,480 --> 00:36:01,320
And so there's going to be a 
massive correction. 

692
00:36:01,600 --> 00:36:05,640
And I've been reading a lot 
about the amazing graph that 

693
00:36:05,640 --> 00:36:08,760
someone did that shows that all 
of the big players are kind of 

694
00:36:09,160 --> 00:36:12,880
buying each other's stocks, 
shares and wares in a kind of 

695
00:36:13,000 --> 00:36:17,400
economic virtuous circle, which 
is massively inflating the value

696
00:36:17,440 --> 00:36:19,680
of those companies. 
They're basically investing in 

697
00:36:19,680 --> 00:36:21,440
each other. 
And then the, you know, the 

698
00:36:21,440 --> 00:36:23,880
company that makes all the chips
is selling all the chips to the 

699
00:36:23,880 --> 00:36:25,400
people who make all the data 
centers. 

700
00:36:25,400 --> 00:36:28,960
Yeah, who are selling their data
to Open AI? 

701
00:36:28,960 --> 00:36:31,440
Who are buying all of the shares
in the chip? 

702
00:36:31,440 --> 00:36:33,600
Company and it kind of. 
Goes round and round. 

703
00:36:33,920 --> 00:36:38,080
So yeah, I'm quite, yeah. 
I'm just quite interested in 

704
00:36:38,200 --> 00:36:40,880
what that's what's gonna happen 
in the fallout from, yeah. 

705
00:36:41,080 --> 00:36:44,280
Well, I mean, it's, it's just 
from a, from a product 

706
00:36:44,280 --> 00:36:48,520
perspective, I mean, it seems to
be me every week that there's a 

707
00:36:48,520 --> 00:36:53,080
new, I mean the new Gemini Nano 
banana. 

708
00:36:53,080 --> 00:36:55,800
I think it is that, that that 
launched night last week. 

709
00:36:57,160 --> 00:36:59,720
So many experts. 
I mean, there's a lot of AI 

710
00:36:59,720 --> 00:37:03,520
experts on LinkedIn, right. 
So it's like a whole new 

711
00:37:03,520 --> 00:37:07,000
subsection. 
Do you mean they're AI, they're 

712
00:37:07,000 --> 00:37:09,680
experts who are actually AI or 
they're experts in AI? 

713
00:37:09,680 --> 00:37:11,680
Well, they're. 
Experts in AI that are probably 

714
00:37:11,680 --> 00:37:16,360
using AI to post, but, but I'm 
saying that, you know, it's 

715
00:37:16,360 --> 00:37:20,280
almost like a horse race when 
you know, a new version gets 

716
00:37:20,280 --> 00:37:24,840
released, whether it's 5.1 of 
ChatGPT and then nano banana, 

717
00:37:25,840 --> 00:37:30,120
you know, they're, they're 
leapfrogging each other on an 

718
00:37:30,160 --> 00:37:33,520
enormous weekly basis. 
So it's, it's really interesting

719
00:37:33,520 --> 00:37:39,520
to see to think how anybody can 
actually compete with Google 

720
00:37:39,520 --> 00:37:41,720
when you've got Gemini baked 
into it. 

721
00:37:41,720 --> 00:37:45,800
And, and I think ChatGPT has 
sort of stolen a lot of the 

722
00:37:45,800 --> 00:37:47,000
headlines over the last few 
years. 

723
00:37:47,000 --> 00:37:52,600
But it now seems to me that 
their AI game seems to be moving

724
00:37:52,600 --> 00:37:54,840
ahead in many ways. 
But of course, you know, that 

725
00:37:54,840 --> 00:37:58,360
might be better at reasoning or 
a better image generation. 

726
00:37:58,360 --> 00:38:02,640
The ChatGPT, as I say, we'll 
probably best speak into an AI 

727
00:38:02,640 --> 00:38:06,960
expert about that. 
But but but it seems so fluid, 

728
00:38:06,960 --> 00:38:10,680
this market and fast moving 
obviously, that it's very 

729
00:38:10,680 --> 00:38:13,800
difficult to sort of know. 
And if you were to buy shares in

730
00:38:13,800 --> 00:38:16,880
one of those companies, how the 
hell do you devalue that? 

731
00:38:16,880 --> 00:38:18,800
And who do you stick your your 
your bets on? 

732
00:38:18,800 --> 00:38:20,760
Well, and when's? 
It going to be profitable 

733
00:38:20,760 --> 00:38:23,840
because at the moment you would 
we would all have to be paying 

734
00:38:23,840 --> 00:38:27,480
like thousands of pounds a month
in subscriptions for it for them

735
00:38:27,480 --> 00:38:31,440
to be even breaking even. 
And so they're losing money hand

736
00:38:31,440 --> 00:38:35,160
over fist, but also the with, 
with things like the Internet, 

737
00:38:35,480 --> 00:38:38,400
the, the more advanced it got, 
the cheaper the technology got. 

738
00:38:38,640 --> 00:38:41,600
But so far with AI, the more 
advanced it gets, the more 

739
00:38:41,600 --> 00:38:44,960
expensive it gets. 
So it'll be really interesting 

740
00:38:44,960 --> 00:38:47,440
to see like at what point does 
the price come down? 

741
00:38:47,440 --> 00:38:50,480
Because at the moment it's just 
like, it's crazy. 

742
00:38:51,400 --> 00:38:52,480
I. 
Think I get the. 

743
00:38:52,720 --> 00:38:55,360
I get the sense that if, you 
know, you Google or Microsoft, 

744
00:38:55,360 --> 00:38:57,240
you'll be kind of all right. 
Yeah, yeah, yeah. 

745
00:38:57,680 --> 00:39:00,320
But. 
Too big to fail too big. 

746
00:39:00,480 --> 00:39:03,000
To fail, Yeah. 
Yeah. 

747
00:39:03,080 --> 00:39:05,680
OK. 
Well, and what about Hero View 

748
00:39:05,680 --> 00:39:08,040
Week then? 
Have you got a person that you 

749
00:39:08,040 --> 00:39:11,280
can sort of give a, a light 
glazing to? 

750
00:39:11,360 --> 00:39:14,280
Yeah. 
My hero of the week is Zoram 

751
00:39:14,280 --> 00:39:19,280
Mandani and the new mayor of New
York because not only because 

752
00:39:19,280 --> 00:39:22,680
he's, like, incredibly 
charismatic, like, has some 

753
00:39:22,760 --> 00:39:27,600
amazing policies, but his rise 
was in no small part down to his

754
00:39:27,600 --> 00:39:30,520
social game. 
He had, like, incredible videos.

755
00:39:30,720 --> 00:39:33,720
His wife did all of his branding
and, like, the logos were 

756
00:39:33,720 --> 00:39:36,440
amazing. 
But like, they they really 

757
00:39:36,440 --> 00:39:40,480
understood how to use those 
platforms and to, to like, you 

758
00:39:40,480 --> 00:39:43,560
know, build buzz and, like, get 
people excited and. 

759
00:39:44,200 --> 00:39:46,320
And I thought it was like, that 
was really impressive. 

760
00:39:46,440 --> 00:39:48,760
Yeah. 
Yeah, it seems to me that to be 

761
00:39:48,760 --> 00:39:51,960
a politician, the social, your 
social game needs to be on point

762
00:39:51,960 --> 00:39:53,200
there, isn't it? 
Absolutely. 

763
00:39:53,240 --> 00:39:55,800
Absolutely. 
And well, talking about 

764
00:39:55,800 --> 00:39:59,720
politicians, who or what do you 
want to throw in the bin this 

765
00:39:59,720 --> 00:40:02,960
week? 
Not not a politician, but 

766
00:40:02,960 --> 00:40:05,680
probably an aspiring politician.
Grok. 

767
00:40:05,840 --> 00:40:07,480
Grok can get in the bin. 
Grok. 

768
00:40:07,480 --> 00:40:08,000
Right. 
OK. 

769
00:40:08,080 --> 00:40:09,640
We're back to the AI, right? 
OK. 

770
00:40:09,760 --> 00:40:11,400
Yeah, yeah. 
Yeah. 

771
00:40:11,720 --> 00:40:16,120
I mean, just the the fact that 
it's so kind of clearly tooled 

772
00:40:16,120 --> 00:40:21,200
up to be like ultra like right 
wing and terrifying, but also 

773
00:40:21,200 --> 00:40:24,040
just the hilarious ways that 
grok no matter what you ask it 

774
00:40:24,040 --> 00:40:26,760
about Elon Musk, Elon Musk 
always comes out on top. 

775
00:40:28,720 --> 00:40:30,760
Who was The Who was who was 
funnier? 

776
00:40:30,760 --> 00:40:34,280
Jerry Seinfeld or Elon Musk was 
like, well, whilst Jerry 

777
00:40:34,280 --> 00:40:37,560
Seinfeld is very good at 
observational comedy, Elon Musk 

778
00:40:37,560 --> 00:40:41,320
really takes the biscuit for his
like crazy disruptive meme LED 

779
00:40:41,320 --> 00:40:43,920
comedy. 
And you're like, OK, grok, you 

780
00:40:43,960 --> 00:40:46,160
know? 
This is there's a room somewhere

781
00:40:46,160 --> 00:40:49,760
dedicated to me making sure that
Grok, you know, speaks well and 

782
00:40:49,760 --> 00:40:53,160
being on Musk and Tesla and all 
his other interests. 

783
00:40:53,200 --> 00:40:54,120
Yeah. 
All right. 

784
00:40:54,120 --> 00:40:57,080
Grok's going in the bin. 
Joe, thank you very much for 

785
00:40:57,080 --> 00:40:58,840
coming on telecast. 
It's been brilliant to see you. 

786
00:40:58,840 --> 00:41:00,200
Yeah, you too. 
Thanks for having me and. 

787
00:41:00,800 --> 00:41:03,360
Wish you all the best with those
two campaigns. 

788
00:41:03,360 --> 00:41:06,760
You said prime time. 
It's coming out in in January. 

789
00:41:06,760 --> 00:41:11,920
So local lager, I'll I'll might 
be on the phone to see request a

790
00:41:11,920 --> 00:41:14,960
couple of samples there. 
And good luck with your other 

791
00:41:14,960 --> 00:41:18,360
campaign as well. 
So and and and indeed with all 

792
00:41:18,360 --> 00:41:20,040
of 2026. 
Cool, thanks. 

793
00:41:20,040 --> 00:41:22,720
Very much, Justin. 
Well, that's about it for this 

794
00:41:22,720 --> 00:41:25,080
week's show. 
Telecast was produced by Spirit 

795
00:41:25,080 --> 00:41:28,560
Studios and recorded in London. 
We'll be back very soon with a 

796
00:41:28,560 --> 00:41:33,000
special 2026 prediction show for
the world of social video, so 

797
00:41:33,000 --> 00:41:35,880
watch out for that one. 
In the meantime, stay safe.

