More stories

  • in

    Jeffrey Katzenberg Talks About His Billion-Dollar Flop

    The public failure of his start-up Quibi hasn’t stopped Jeffrey Katzenberg from doubling down on tech. A Hollywood power broker, he headed up Disney in the 1980s and ’90s and co-founded a rival studio, DreamWorks, before finding a puzzle he could not yet solve: getting people to pay for short-format content. Investors gave him and the former Hewlett-Packard C.E.O. and California gubernatorial candidate Meg Whitman $1.75 billion to build a video platform, but not enough customers opened up their wallets, at $4.99 a month, and Quibi folded within a year of its launch. Katzenberg says the problems were product-market fit and the Covid pandemic, not competition from TikTok or YouTube.[You can listen to this episode of “Sway” on Apple, Spotify, Google or wherever you get your podcasts.]In this conversation, Kara Swisher and Katzenberg delve into Quibi’s demise, the shifting power dynamics in Hollywood and his pivot to Silicon Valley. They also discuss his influence in another sphere: politics. And the former Hollywood executive, who co-chaired a fund-raiser to help fend off California’s recent recall effort, offers some advice to Gov. Gavin Newsom.(A full transcript of the episode will be available midday on the Times website.)Photograph by WndrCoThoughts? Email us at sway@nytimes.com.“Sway” is produced by Nayeema Raza, Blakeney Schick, Matt Kwong, Daphne Chen and Caitlin O’Keefe and edited by Nayeema Raza; fact-checking by Kate Sinclair; music and sound design by Isaac Jones; mixing by Carole Sabouraud and Sonia Herrero; audience strategy by Shannon Busta. Special thanks to Kristin Lin and Liriel Higa. More

  • in

    Your Tuesday Briefing

    @media (pointer: coarse) {
    .nytslm_outerContainer {
    overflow-x: scroll;
    -webkit-overflow-scrolling: touch;
    }
    }

    .nytslm_outerContainer {
    display: flex;
    align-items: center;
    /* Fixes IE */
    overflow-x: auto;
    box-shadow: -6px 0 white, 6px 0 white, 1px 3px 6px rgba(0, 0, 0, 0.15);
    padding: 10px 1.25em 10px;
    transition: all 250ms;
    -ms-overflow-style: none;
    /* IE 10+ */
    scrollbar-width: none;
    /* Firefox */
    background: white;
    margin-bottom: 20px;
    z-index: 1000;
    }

    @media (min-width: 1024px) {
    .nytslm_outerContainer {
    margin-bottom: 0px;
    padding: 13px 1.25em 10px;
    }
    }

    .nytslm::-webkit-scrollbar {
    display: none;
    /* Safari and Chrome */
    }

    .nytslm_innerContainer {
    margin: unset;
    display: flex;
    align-items: center;
    }

    @media (min-width: 600px) {
    .nytslm_innerContainer {
    margin: auto;
    min-width: 600px;
    }
    }

    .nytslm_title {
    padding-right: 1em;
    border-right: 1px solid #ccc;
    }

    @media (min-width: 740px) {
    .nytslm_title {
    max-width: none;
    font-size: 1.0625rem;
    line-height: 1.25rem;
    }
    }

    .nytslm_spacer {
    width: 0;
    border-right: 1px solid #E2E2E2;
    height: 45px;
    margin: 0 1.4em;
    }

    .nytslm_list {
    font-family: nyt-franklin, helvetica, arial, sans-serif;
    display: flex;
    width: auto;
    list-style: none;
    padding-left: 1em;
    flex-shrink: 0;
    align-items: baseline;
    justify-content: center;
    }

    .nytslm_li {
    margin-right: 1.4em;
    flex-shrink: 0;
    font-size: 0.8125rem;
    line-height: 0.8125rem;
    font-weight: 600;
    padding: 1em 0;
    }

    #nytslm .nytslm_li a {
    color: #121212;
    text-decoration: none;
    }

    #nytslm .nytsmenu_li_current,
    #nytslm .nytslm_li a:hover,
    #nytslm .nytslm_li a:active,
    #nytslm .nytslm_li a:focus {
    color: #121212;
    border-bottom: 2px solid #121212;
    padding-bottom: 2px;
    }

    .nytslm_li_live_loud:after {
    content: ‘LIVE’
    }

    .nytslm_li_live_loud {
    background-color: #d0021b;
    color: white;
    border-radius: 3px;
    padding: 4px 6px 2px 6px;
    margin-right: 2px;
    display: inline-block;
    letter-spacing: 0.03rem;
    font-weight: 700;
    }

    .nytslm_li_upcoming_loud {
    border: 1px solid #d0021b;
    color: #d0021b;
    border-radius: 3px;
    padding: 4px 6px 2px 6px;
    margin-right: 2px;
    display: inline-block;
    letter-spacing: 0.03rem;
    font-weight: 700;
    }

    .nytslm_li_upcoming_loud:before {
    content: ‘Upcoming’
    }

    .nytslm_li_loud a:hover,
    .nytslm_li_loud a:active,
    .nytslm_li_loud a:focus {
    border-bottom: 2px solid;
    padding-bottom: 2px;
    }

    .nytslm_li_updated {
    color: #777;
    }

    #masthead-bar-one {
    display: none;
    }

    .electionNavbar__logoSvg {
    width: 80px;
    align-self: center;
    display: flex;
    }

    @media(min-width: 600px) {
    .electionNavbar__logoSvg {
    width: 100px;
    }
    }

    .nytslm_notification {
    border-left: 1px solid #ccc;
    font-family: nyt-franklin, helvetica, arial, sans-serif;
    padding-left: 1em;
    }

    .nytslm_notification_label {
    color: #D0021B;
    text-transform: uppercase;
    font-weight: 700;
    font-size: 0.6875rem;
    margin-bottom: 0.2em;
    letter-spacing: 0.02em;
    }

    .nytslm_notification_link {
    font-weight: 600;
    color: #121212;
    display: flex;
    align-items: center;
    }

    .nytslm_notification_headline {
    font-size: 0.875rem;
    line-height: 1.0625rem;
    }

    .nytslm_notification_image_wrapper {
    position: relative;
    max-width: 75px;
    margin-left: 10px;
    flex-shrink: 0;
    }

    .nytslm_notification_image {
    max-width: 100%;
    }

    .nytslm_notification_image_live_bug {
    position: absolute;
    text-transform: uppercase;
    bottom: 7px;
    left: 2px;

    font-size: 0.5rem;
    background-color: #d0021b;
    color: white;
    border-radius: 3px;
    padding: 4px 4px 2px 4px;
    font-weight: 700;
    margin-right: 2px;
    letter-spacing: 0.03rem;
    }

    /* No hover state on in app */
    .Hybrid .nytslm_li a:hover,
    .Hybrid .nytslm_li_loud a:hover {
    border-bottom: none;
    padding-bottom: 0;
    }

    .Hybrid #TOP_BANNER_REGION {
    display: none;
    }

    .nytslm_st0 {
    fill: #f4564a;
    }

    .nytslm_st1 {
    fill: #ffffff;
    }

    .nytslm_st2 {
    fill: #2b8ad8;
    }

    Electoral College Results

    Election Disinformation

    Full Results

    Biden Transition Updates

    “),e+=””+b+””,e+=””,d&&(e+=””,e+=””,e+=”Live”,e+=””),e+=””,e}function getVariant(){var a=window.NYTD&&window.NYTD.Abra&&window.NYTD.Abra.getAbraSync&&window.NYTD.Abra.getAbraSync(“STYLN_elections_notifications”);// Only actually have control situation in prd and stg
    return[“www.nytimes.com”,”www.stg.nytimes.com”].includes(window.location.hostname)||(a=”STYLN_elections_notifications”),a||”0_control”}function reportData(){if(window.dataLayer){var a;try{a=dataLayer.find(function(a){return!!a.user}).user}catch(a){}var b={abtest:{test:”styln-elections-notifications”,variant:getVariant()},module:{name:”styln-elections-notifications”,label:getVariant(),region:”TOP_BANNER”},user:a};window.dataLayer.push(Object.assign({},b,{event:”ab-alloc”})),window.dataLayer.push(Object.assign({},b,{event:”ab-expose”})),window.dataLayer.push(Object.assign({},b,{event:”impression”}))}}function insertNotification(a,b){// Bail here if the user is in control
    if(reportData(),”0_control”!==getVariant()){// Remove menu bar items or previous notification
    var c=document.querySelector(“.nytslm_innerContainer”);if(c&&1 30 * 60 * 1000) return restoreMenuIfNecessary();
    // Do not update DOM if the content won’t change
    if(currentNotificationContents!==a.text&&window.localStorage.getItem(“stylnelecs”)!==a.timestamp)// Do not show if user has interacted with this link
    // if (Cookie.get(‘stylnelecs’) === data.timestamp) return;
    {expireLocalStorage(“stylnelecs”),currentNotificationContents=a.text;// Construct URL for tracking
    var b=a.link.split(“#”),c=b[0]+”?action=click&pgtype=Article&state=default&module=styln-elections-notifications&variant=1_election_notifications&region=TOP_BANNER&context=Menu#”+b[1],d=formatNotification(c,a.text,a.kicker,a.image);insertNotification(d,function(){var b=document.querySelector(“.nytslm_notification_link”);return b?void(b.onclick=function(){window.localStorage.setItem(“stylnelecs”,a.timestamp)}):null})}})}(function(){navigator.userAgent.includes(“nytios”)||navigator.userAgent.includes(“nyt_android”)||window.stylnelecsHasLoaded||(// setInterval(getUpdate, 5000);
    window.stylnelecsHasLoaded=!0)})(),function(){try{if(navigator.userAgent.includes(“nytios”)||navigator.userAgent.includes(“nyt_android”)){var a=document.getElementsByClassName(“nytslm_title”)[0];a.style.pointerEvents=”none”}}catch(a){}}(); More