jon erlichman is in l.a.. and former president of the golden state warriors thank you for joining us. first of all, what kind of owner will he be? >> i cannot wait to see the clippers played the mavericks. is all about.his these are people who have billions of dollars to want to sit on the front row. for 2 billioncket dollars. >> he promised to keep them in l.a. do you believe him? he lives in seattle. >> definitely. i think financially it would make no sense at all for him to even try to attempt to move the team and that has a lot to do with the financial power behind the los angeles with a tv rights deal that is expiring after the 2015-2016 season. we saw with the dodgers were acquired for a huge price tagged and they were able to turn around a cut a huge deal and a channel where there is a huge opportunity to make money and that is a you ultimately get to the $2 billion price tagged. >> larry ellison trying to buy the taint. >> he is 0-4. >> what you make of more tech people? >> i do not think it has anythi

the senior west coast correspondent jon erlichman is with us and outlay. from stamford, john malloy, cofounder of bluerun ventures you started investing in china in 2007 opening businesses in beijing and shanghai. i will start with you, jon. what stands out to you in the f1? any surprises? >> let's start with john malloy. >> numerous surprises. the scale of the business is something we've known about for a long time. your prior commentator, i completely agree with. the outside for them is mobile and it has to do with the transition of the chinese market. they are slightly behind us and mobile adoption so it's normal that kind of customer mix would be in place right now but that is an absolute upside for them. >> jon erlichman, you have been looking at some of the companies alibaba has been buying. walk us through that and how it plays here. >> this is a really important thing and part of the growth story. we are getting into that but you are right. they have made investments in a variety of well-known consumer related technology companies in the united sta

jon erlichman, i went to begin with you. give us the details of this deal. >> there is $3 billion for the beats business, still relatively a young business. in terms of the reasoning that apple is giving for this deal, there are a few factors. we talk a lot about technology companies doing acquisitions for talent. in this case, they are bringing very talented music industry players on board. if you think about what beats has been trying to do in its evolution, going beyond the headphones and now into the subscription music business, a business that it feels needed to be reinvented the same way they felt that earbuds needed to be reinvented. if you combine that with what apple has been doing in streaming recently with their radio service, they clearly are trying to say there are a bunch of reasons why we are buying beats. >> eric, you have been doing research about beats and apple today. what have you learned? >> they are trying to bring in new talent. this price is really interesting because their previous largest deal was i

yu, jon malloy, crid erlichman, leslie picker. we will continue this conversation and we will talk about the valuation. some are saying it could reach 250 billion dollars. is that fair? ♪ >> i'm emily chang and this is "bloomberg west." we are talking about alibaba diving through the f1 filing and what could become the biggest ipo ever in the united states. my partner cory johnson is here and jon erlichman, senior correspondent in l.a. i'm joined by john malloy of bluerun then chose -- run ventures. and crid yu. i have seen potential valuations ranging all the way up to $250 billion. is that fair? >> all the bets that alibaba has made in mobile and the other things we have been speculating for a long time about how inbaba will do much more cross-border trade. the example about the yoga buying directly from merchants. it feels like alibaba is leaving out its largest growth area for to grow,t room additional value. >> interesting. we do know that this is only a first step, but maybe that's the question. what's been left out of the

jon erlichman is at the san francisco design center. in studio with me is adam berke. he is a facebook ad exchange partner. we also have david kirkpatrick, author of "the facebook effect." david, you're at the event today. what do you make of all these announcements? >> in a way, they are trying to make themselves more boring, i would say. one of the things that mark put up at the early stages of the event and had behind the screen, talking about repeatedly, the idea of a stable mobile platform. it is a very unsexy idea but one that developers will welcome. there were scattered cheers for a number of things that ordinary people would think, why would anybody cheer for that, because developers want customers, they want money from their apps, and they want to make it easier to build apps. facebook was building and monetizing apps and they had separate sections for each of those. while it was boring, it was a step forward to maturity for facebook. >> as a user, i will be one of the people to log in anonymously, but what does it mean for advertisers? do you guys get less i

jon erlichman is with us from l.a.. john, what have you got? isbased on what method, it 1.7 million, it always brings me great pleasure to present you with fun friday bytes. more than 1.7 million views for a youtube video that brings together the opening sequence of the hbo show "game of thrones," which i know you love, reimagined to your last segment on mario to the world of super mario. it is to geek world wrapped into one and a slick video and a lot of people like it. >> oh, my gosh, i love this video. by the way, the man behind it, nick von, video animator actually with us the a skype from kansas city. nick, what inspired you to do this? "game of thrones," obviously, because they're opening sequence is the best intro for any show ever. i love it. i look forward to the intro as much as i look forward to the show. i was watching and i thought man, this would be a great video and it would be so easy to do, and it really was. take a closer listen to this with the sound up. nick, you actually have a contract with the video entertainment network.

jon erlichman, thank you for bringing us the tidbits. thank you for watching this edition of "bloomberg west." get the latest headlines on bloomberg tv and bloomberg.com. have a wonderful weekend. see you on monday. ♪ >> this week on "political capital," treasury secretary jack lew talking about china, ukraine, and the economy. indira and julianna goldman on putin and obamacare. greg stohr on the supreme court's power of prayer and margaret carlson and lanhee chen debating the republican establishment and monica lewinsky. we begin the program with united states treasury secretary jack lew. thank you for being with us, mr. secretary. you're taking off for china on sunday. an important trip. chinese growth slowed from 10% to 7.4% percent. how likely is it that the chinese will introduce new stimulus measures at the extent of their economic reforms?

lee and our senior west coast correspondent, jon erlichman. we will continue our special coverage after this break. sizeobbyists, that is the of the lobbying effort pushing this deal through. that is next. ♪ you are watching a special edition of "bloomberg west." we are covering the potential impact of a comcast time warner merger. they are no stranger to the pearly white halls of washington. do they have enough friends to push through a megamerger with time warner cable? is looking at comcast's government connections. the extent of them are astounding. --comcast bloomberg and comcast lobbying efforts -- they have been on it for a long time. it has been quite a while. spent over $79 million in lobbying these last five years. look at the injury from "house of cards." they are working the system. take a look at stop >> in washington, there is lobbying and then there is lobbying. merger billion proposed is an exercise in lobbying. comcast has spent $18 million in lobbying. that is more than any other company. money wentat straight to campaign c

our reporter joins us from new york and we have jon erlichman in l.a. editor-at-large cory johnson. edmund, what is the impact? >> we know comcast is largely a video company. they are selling video service across the country. they're more significantly broadband service providers. that means net clicks, google, facebook. those companies have a relationship to comcast that is up in question. they are trying to charge these guys for better access to these broadband. this could have implications for big companies out of silicon valley. >> jon, can you explain to me -- i cannot understand how disney tries to get an increase in what they get paid and how that might change espn. >> i do not think it will change. bob iger is the ceo of disney. when the deal was first announced and we asked how it would affect them, he said it would not. we are feeling pretty good about the stuff that we have on offer. it is led by programming on espn. disney is in a good spot. the question is about those less valuable channels. that is where the different media companies -- i don't know what you want to sa

jon erlichman, thank you for bringing us the tidbits. thank you for watching this edition of "bloomberg west." get the latest headlines on bloomberg tv and bloomberg.com. have a wonderful weekend. see you on monday. ♪ >> welcome to "money clip." i am matt miller in for adam johnson. take a look at the menu. in tech, it is a lot more than a g thing. apple may pay billions for beats. dr. dre is already celebrating. are you ready for football? round one of the nfl draft is over, but the best value is yet to come. we will tell you what it is. in world, russia flexes its muscle as putin parties like he is back in the ussr. nasa is now a landlord.

my thanks to jon erlichman. coming up, he went from listen to stories to creating a company that makes the iconic symbol. we will tell you about an immigrant inspiration and success, next. ♪ >> it is time for right place, right time. my guest was so moved by the statue of liberty in his youth, he actually made lady liberty replica as a business. welcome ovidiu colea. thank you for being here. tell us your story of how you became the one to be the maker of these replicas? >> i didn't believe when i was a kid, i was about 10 listening to the radio, which was illegal at that time. we would listen. one day, i heard about liberty. i didn't know exactly what the discussion was. i asked my father, what is liberty? he explained what it is. what it stood for. what is the symbol of lady liberty. my dream was set. as time passed, i needed to see it. i tried to go. no one would allow. >> you couldn't get out of romania after 20 years of trying. you finally made it to the united states. now you're the only one making them

jon erlichman is in los angeles with more. death by 1000 cuts. >> it is amazing when you look at the ballooning number of cuts at each the over the last couple of years. meg whitman had unveiled a huge number of cut. lucky 7000. it did not stay at that number for very long will not this year they were talking about 34,000 job cuts by the end of 2014 will stop we have seen a number clean. if this was aked confidence issue and she said, no, it is not. i am getting deeper into what hp is all about. the more you see the observations, the more you can see a potential to cut costs. very of businesses feel fine. they are ok with the idea of not having clunky hardware in our offices will they're taking advantage of the cloud will stop you have hp competing with the likes of google and amazon will stop i ensure that as you look through the operations and you see one business and another business and they are not necessarily getting the sales they once did, do you need the same sales staff? >> is a great chart that you showed us. it see

>> jon erlichman in l.a., without about the berlin wall and wanting to bridge the differences between apple in the music industry. what do you make of that? is beats really the solution? >> it could be. following what alex said, we heard today from george blankenship, an apple executive who played a big role in the retail strategy who told us he does think that there's something we are not talking about yet which will come to light in the months after this deal which will make it a little more sensible. you see how people are consuming music today, emily. it is changing from when steve jobs was pushing the idea to buy any track you want at any time. people are very comfortable with subscription services. even if there is some fine print that makes it challenging to get all the licensing stuff work out, eddy cue in the picture with them made it very clear in the released by our offering both the subscription service and the itunes radio service that apple released not too long ago. they are seeing these as companions at a time when there's a very different type of music consumption tak

from jmpauna securities, jon erlichman, and cory johnson. ditching the steering wheel for a more chauffeured experience. how soon could one of these vehicles becoming to a street near you? watch a streaming on your tablet, phone, and bloomberg.com. ♪ >> i'm emily chang in this is "bloomberg west." from search giant carmaker blast ons sitting the las the self driving car with no pedals, no brakes, no steering wheel. theei brin talked about possibility at the code conference. >> the reason that i'm super excited about these prototypes in the self driving car project in general is the ability to change the world and the community around you. they will start testing later this summer. they will have manual control and if all goes well, a small pilot program could be launched in california in the next few years. by professor at the m.i.t. department of mechanical engineering and a member of the artificial intelligence lab. i started by asking if google can become the next big automaker. exits really big news. it's a transformative decision goog

jon erlichman, our senior west coast correspondent. we're following ali baba has potential filing and we will bring it to you as soon as we have. coming up, john mcafee has been busy after fleeing belize and returning to the united states. we will get the details on his newest venture in an exclusive interview right here. ♪ >> it is in 26 minutes on the hour. i'm alix steel. stocks declining for the third time with weaker profits dragging down the financials. the worst performing sector and s&p, down over 1%. keep track on a couple we're watching -- merck has agreed to buy consumer unit for biggestion, the second consumer health transaction in a month of industry reshuffling. claritin and coppertone from their portfolio. offerl electric and their , not good enough according to the french president who said the deal does not protect french jobs. ge is still continuing to find a better deal. >> you are watching "lumber and west" where we focus on technology in the future of business. the last time we spoke with john mcafee was shortly

jon erlichman is with us from l.a. university of florida finance professor jay ritter joining us from gainesville, florida, and asset management founder and chief investment officer here with us as well. everybody, thank you for joining us. michael, i will start with you. $5 billion for pinterest, $10 billion for uber. are those fair? >> investors are excited about those two in particular because they have enormous network effects. you have fanatical support and a whole ecosystem. you are looking at the growth and that is why they are putting this type of valuations on there. >> i know you do a lot of research on these numbers. what do you think about these two particular companies and the valuation going up so much in such a short time? >> i would echo michael moe's opinion that some of these have network effects. the valuations are based upon optimistic assumptions, but google has demonstrated just how profitable targeted search advertising can be. pinterest has the potential to make a lot of money with that targeted

all right, joining us from the conference is "bloomberg west" senior correspondent jon erlichman. platforms, is that the big story of the conference today? >> if you tie it with other stuff, it makes more sense. he highlighted being the cross-platform platform. they took a shot at apple, google, and microsoft being these worlds where you buy a phone and live in that world. if you're an android phone user, use the apps that are android. you connect with apple if you own the iphone and the apps there, maybe not as well as you like. facebook has positioned itself very much for the future, airy ofvery much for the world smartphones by saying, hey, developers, work with us, we will help you develop your apps, we will market them in the world of facebook of one point 2 -- of 1.2 billion users, and hopefully with your tie and you will make more advertising money, we will make more money, and your experience and the money you generate will exceed what you would be able to do if you lived in the world of only apple or google, without saying it directly in those words. >> jon erlichman, do

jon erlichman is in l a it would be the biggest hurt just for apple by far ever. the last thing they bought that was anywhere near this was next computer for $400 million and does not compare. why this? >> you are right, apple does a lot of acquisitions but none that gets as much attention. you have to look at what is happening in the world of music. we already know that a lot of people are buying digital versions of songs, not physical versions of songs. it is about 39% of the global market. of it is9%, while 2/3 still people buying songs from services like itunes and downloading and purchasing songs, the huge growth is coming and these subtraction services, services like spotify and what pointis offering to the that as of last year, you had more than 28 million people paying for subtraction services, a 250% increase from 2010. apple has itunes radio, they were hoping that would be a way to generate more revenue through itunes. maybe this takes us to the next step. it could be part of the story but not the full story. >> what about the headphones? goodman apple j

jon erlichman is standing by. jon? >> thank you. our thanks for joining us. your reaction to the boycott? >> i think it is a misdirected at the beverly hills hotel the dorchester collection. we are international company incorporated in great britain and owned by a sovereign wealth. last year, the sovereign wealth fund accounted for $5 trillion worth of investment around the world. 75% of that investment came into the united states and was very much crucial in stimulus. >> it is true there are a lot of investments in u.s. companies. we are talking about a specific issue that has raised concerns among many people who have decided as a result to not stay at hotels like this one until the matter is resolved. does that not require a specific action on your part? >> the code by which we operate this company is very clear. the code is what i introduced two years ago. it is endorsed by our ownership. it is equal opportunities for every member of staff, and we highly respect everyone who works for us. if you get that into perspective, that was endorsed by our ownershi

the producer of "seeds" and jon erlichman. coming up next, we going to head off to the races. the triple crown. ♪ this is "taking stock" for friday may the 16th 2014. let's go to my radio co. hast -- my radio cohost. >> a stock plunged the most since its ipo. the new online tv network would not make up for the streaming video on demand. a bit of a smack down. moody's has upgraded the credit rating to be the stable outlook. it has taken a to the debt levels. a very sharp decline in the off balance exposures and improve credit position relative to this. repels this to the highest level in five months. housing starts climbing 13.2% to about one million at a time. that is a look at this. back to you. running is in baltimore maryland. winner isky derby looking to win the second leg of the triple crown. is the head of data and research. it is great to have you here. you have been taking a look at the statistics based on what people bet on in horse races. keep hope that because of the name of the course. they do not know anything else. this all comes from dirty jack..com. .- dirtyj

jon erlichman, thank you so much. thank you all for watching this edition of "bloomberg west." we will see you later. >> the following is a paid presentation for the zuma incredible results system. incredible results system.

jon erlichman is an l.a. what is the most significant about this international expansion for netflix? it is the most significant expansion they have seen in three years. >> is a huge opportunity for them to get subscribers. what do you need as a tv network? all sorts of programming. you have to make it, go out and buy it. you also need people to watch it. they had more than 48 million subscribers at the end of the last quarter. clearly they're looking for people who can consistently pay for their service. that is why they are launching these european nations. they really look for markets where they can find people to pay as opposed to where markets have piracy is a issue. they may not be spending as much as netflix, but there have been some estimates that the hbo contract might be in the neighborhood of millions of dollars per year. they want to get people to buy more stuff through amazon here. >> what do you think of a company like netflix? 48 million subscribers now. they take up 34% of internet traffic at

senior west coast correspondent jon erlichman has more from l.a. >> it's pretty amazing. this clippers story has put valuations aren't and center. the golden state warriors are building a state-of-the-art facility is another reminder of how big this is. art of mandalay entertainment group art of the group that acquired the warriors for than a record $450 million and they say it's worth a lot more now. peter, good to see you on "bloomberg west." what goes into a project like building this facility? what are some of the challenges? >> a lot of gold, a lot of drama, a lot of cement, a lot of planning. at the ways a long, arduous, somewhat uncertain journey. you try to create certainty by doing it correctly, engaging with the community, the architects, the people financing it. there are a lot of constituencies. it's like having 12 jugglers landing on 12 jugglers perfectly. it's difficult. >> speaking of the community, there is obviously a large tech community and you talked about welding the madison square garden of the west and you want this to be a very tech savvy facility.

i spoke with our senior west coast correspondent jon erlichman. i started by asking david who also went to f8 who benefits from all these new products. >> in a way to mother trying to make themselves more boring. he talked about this idea of a stable, mobile platform. it is a very unsexy idea, but one that developers will really welcome. there were scattered cheers for things that ordinary people might've thought, why would anyone cheer for that? developers want to get customers, they want to make money for their apps and they want to make it easier to build their apps. look focused on building, growing and monetizing apps. they have second separate -- they have separate sections for apps. it was a step forward for facebook. >> adam, what does this mean for advertisers? does this mean you guys get less information? >> probably not. what it means is that users can feel more comfortable logging into apps. while they may trust they spoke, they may not trust every app that they login with. that doesn't mean facebook doesn't still have information abou

our senior west coast correspondent jon erlichman spoke with jay rasulo at the cfo conference. take a listen. >> whether it is that merger that may happen or the comcast and time warner cable merger, it is no surprise that there is consolidation in that cable space. we have strong relationships with all of those companies that are involved in those mergers. like everyone else, we are in the process of analyzing and trying to understand how that will affect the ecosystem down the road. we don't have anything strong that we want to say. we want to look at the implications to us. it is very early days for those announcements. >> what about the acquisitions you guys make? you explained the marvel acquisition, and beyond doing the deal, there is integration and part of your job involves bringing these companies together. you said in the case of marvel, it is a different process and doing it versus how you do it. maybe lucasfilm which brought you the star wars brand. what goes into that process of bringing them into disney? >> we have done enough acquisitions and successfully integra

we spoke with a senior west coast correspondent jon erlichman. >> the scale of the business is something we have known about for a long time. the prior commentator i completely agree with. the upside for them is mobile. it really has to do with the transition of the chinese market. their market is slightly behind us in mobile adoption. that kind ofthat customer mix would be in place right now. it is an absolute upside for them. >> you have been looking at some of the companies that alibaba has been buying. walk us through that and how that plays here. >> they don't get into a lot of detail in the ipo filing, but you are absolutely right. it is interesting as you look through this filing, it is not just the story of marketing to investors, it is the story of marketing to anyone who could potentially be a user of the various alibaba services. it is interesting that they use these anecdotes like american farmers who through various businesses could maybe sell cherries to the chinese market or small-business operators like the yoga studio operator or the cake maker who can buy cake decoratio

from the size and scope of the deal to the ripple effects across multiple industries, jon erlichman helps us break down the multibillion-dollar merger by the numbers. >> it is a $45 billion deal that would combine two of the largest cable companies in the u.s. is bidding to buy time warner cable and it is more than 11 million customers -- and it's more than 11 million customers. adding to that, comcast 22 million video subscribers. sell or spin off nearly 5 million subscribers as part of the deal. but the combined comcast-time warner would still be the biggest cable operator with about 30 million customers, reaching nearly one in three american homes that pay for television. already dominant on the west coast, the merger would also affect the mass in new york, ohio, and texas. and the deal is about internet service, too. million --t one $20 20 million broadband subscribers and with time warner cable, it would control in the -- nearly one third of the broadband cable market. >> i want to bring in our editor at large, cory johnson. ,nd also with us from the sec michael copps -- the f c c, m

joining us now is paul sweeney and jon erlichman. jon, you were at sun valley last year when john made those remarks. did he have a few drinks? >> that is always the best time. i recall john malone talking big picture about the fact that these days the reason the consolidation makes sense is you are not just taking on another telco or cable company. you are taking on facebook or any large online player that has a global presence. we have got to be able to do these kinds of deals. he has all sorts of different players and deals can be good for him. ergen ishink charlie someone who would have always been interested in doing a deal like this. there has always been hence of this happening, for a decade. >> charlie was not at sun valley. does he get invited? >> he gets invited but i'm not sure how often he shows up, that is not his crowd. you can argue that the list of --ger partners is gradually actually very quickly shrinking. charlie is not too concerned. the stock is hanging in there. charlie has a couple things that are going to be a

jon erlichman is in l.a.. the university of florida finance professor is also with us. thank you for joining us. michael, i will start with you. $5 billion for pinterest, $10 billion for uber. are those their numbers? >> if the company realizes the numbers. the reason why people are so excited is they have so much network effect, you have tremendous engagement. you havese of uber, fanatical support from the ecosystem. at growth potential, that is why investors have but that type of valuation on them. >> j, i know you have done a lot of research on these companies. what do you think of their valuations going up so much in such a short window of time? >> i would echo michael's opinions, that some of these companies have network effects. valuations are based upon optimistic assumptions, but google has demonstrated just how profitable targeted search advertising can be. pinterest has the potential to make a lot of money with that targeted search advertising. cory, why do these venture capitalists want to put so much money into these companies at such high-value? pinterest i

jon erlichman, thank you so much . thank you all for watching this edition of "bloomberg west." we will see you later. >> welcome to "lunch money," where we tie together the best interviews, video, and stories in business news. i'm adam johnson. take a look at today's menu. we will go inside pepsico. this is an exclusive look. nobody else has got this. in sports, we go clippers shopping. oprah, it turns out, she jumped in for maybe a bid on buying this basketball opportunity. elon musk scores a win in getting u.s. to drop russian rocket engines. meanwhile, companies small to big, babyiators confront the growth challenge for making shades for kids.

jon erlichman has more from l.a. amazing thatty this clippers story has put valuations front and center and san francisco, the fact that the golden state warriors are building a state-of-the-art facility, another reminder of how big is businesses. of mandalay entertainment group a group that acquired the wires back in 2010 for $450 million which many people say would be worth now is with me. let's start with the building of this facility. what goes into a project like that? what are some of the challenges? >> a lot of golden a lot of drama and a lot of suspense and a lot of planning and it's always a long and arduous and somewhat uncertain journey. you try to create certainty by doing it correctly and you engage with the community and engage with the people who are the architects and the people financing it. there is a lot of constituencies that have to land. it's like having 12 bulgarian jugglers perfectly aligned. >> no doubt, speaking of the community, it's a large tech community, you have talked about building th

west coastor correspondent jon erlichman talking to greg brown. sales down zero point eight percent, expecting a gain, compared to rivals doing so well. about 14%.les up general motors sales were up about six percent. seeing real gains in the other carmakers as the weather clears up, and it is not happening for ford. if you look into the breakdown, you will see lincoln is really a big problem. those sales are down 11%. >> and that will be a priority for mark fields, the newly announced ceo. >> absolutely. got a comes in and it's big, i am guessing, on his list of things to do, something near the top. it is a luxury brand. do better at selling lincoln cars but obviously china is a huge issue for them, but they are running on all cylinders. >> i want to jump in right there because mark fields has been speaking to express -- any rest conference in dearborn, michigan. what his first order of business will be get >> the first order of business is obviously to have a great transition to next couple of months. then to continue to have relentless focus on

we are joined by senior west coast correspondent jon erlichman. i think the price for these companies, john, the are getting -- jon, they're getting higher deal with after the disney studios. >> you are right. everybody is talking about a bigger deal because of the deal with disney. it starts at $350 million, but if they meet performance expectations committed could be closer to $1 billion. this is kind of like the early days of cable networks. the big media networks started moving into cable and started buying channels. now you could argue that they have these networks of these various youtube channels that have become the new cable networks. they have a demographic that the media companies are interested in. and suddenly, you get a lot of deal buzz. in the case of time warner, this is a company that has been thinking a lot about this area already. it was an early investor in maker studios, which disney acquired. warner bros. owns another one of these channels. there is no certainty a deal will actually happen, but the reason people big about dea

jon erlichman. >> earnings are higher for 20th century fox. the revenue is a reminder that their growth was there and it was ahead of what wall street was looking for. $8.2 billion in revenue. $200 million more than what wall street was looking or. it starts with the cable networks. we had a similar story with disney. sport one.s, walks those are the drivers. it was an increase from last year. a big lift in their film and entertainment business. $2.2 billion in revenue. the movies are not the big driver. they are highlighting the fact that when they sell programming to other platforms like amazon, it may factor into that part of the business. that is how they are explaining it in the release. that has increased year over year. the television business, away from cable, we did see a decrease in revenue there. the super bowl, that was great for advertising. they had a big championship game. seattle beat san francisco. american idol, some of the franchise shows, they have been struggling. that is a factor for fox to try to figure out going forward

bringing in our senior west coast respondent, jon erlichman. what does that mean? >> we have one. my husband uses it when he goes skiing with my kids. active people. >> we use it when we are doing certain types of taping. >> i think you have two stories. one is that everyone uses gopro thethat shows up in numbers. they said they were in the process, and now they are giving us the goods, the financials. pretty good revenue for pretty young company. up 80 seven percent year-over-year. bikers like to take when you go off-road in. -- up to 87% year-over-year. on the media side, i think it is partly about meeting the story when you go public and say what is next? >> you do not want to be a one trick pony. that is super successful. >> there is a lot of competition. >> you can say someone else can create this. we talk about drones now. there are consumer drones that will use the gopro camera and use another model to make their own camera. is there a way to make the technology? the media side of it is, a lot of people of loan the video -- upload tehe video. likee these cool, videos this.

our senior west coast correspondent jon erlichman has more on his new venture. to die inlion ways the west is a film coming out this weekend. he has had success with family guy, i think if you set a couple of years ago he was going to do live action comedy westerns people would have said good luck. as you highlighted they already said good luck with a live-action comedy about a raunchy talking teddy bear and that turned out to be a massive hit. that starts to draw attention to the company producing these films. capital has been associated with a number of big-name movies and television over the last couple of years. they also have 20 to jump street, alesia him -- jump and house ofum, cards. this is a company that takes risks with its projects but try to be savvy on how these projects are financed. sounds like with house of cards mrc is comfortable with both traditional film and tv and also with digital. >> that is definitely fair to say. going back to seth mcfarlane, one of the earlier projects they backed was a web series that seth mcfarlane did. it was a caval

for more, we're joined by senior west coast correspondent, jon erlichman. what is the thinking for time warner? weeks ago disney acquired a company called makers studio. the immediate question around town here was what is that going to mean? well you see more deals happening? everyone started focusing on full-screen. a lot of options have been coming to the table him a sum from traditional technology companies, others from newer alsors like relativity but from those like time warner because people are watching how video consumed video these days and younger pete all are very comfortable living on the world of youtube. full-screen has done a great job of grabbing them and putting them under one house bu. the maker deal has already come, is a move to service like it be termed an offense of milk or by definition a defensive move. it was before they started entertaining bids. the two of us have talked about this already. amazing over the past six months this sector has gone from what felt like near death, one of the whichies out there recently saw warner bros.