Latest Interviews
Showing 2731–2745 of 2,999 transcripts.
Clear all filters- Milken Institute1h 11m
Hollywood's Pursuit of the Digital Dollar
Kevin Cloud, Michael Burns, Kevin Mayer, Steven Mnuchin, Ben Silverman
Industry leaders from Lionsgate, Disney, and Netflix discuss a pivotal transition in Hollywood where digital revenue is projected to surpass physical sales within two years, driving a strategic shift toward direct-to-consumer channels and the acquisition of digital-native talent like Maker Studios. Executives detail how financing models are evolving from risky pilot programs to straight-to-series commitments that reduce financial exposure while enabling binge-watching behaviors that dominate younger, device-agnostic audiences. The panel further explores how content-distribution convergence and native advertising are reshaping monetization, creating new opportunities for IP exploitation while raising concerns about market consolidation's impact on independent voices.
- Milken Institute1h 11m
Reading the Tea Leaves: Where Are Markets Headed?
Stephanie Ruhl, Justin Slatky, Morris Mark, Jim Latinsky, John Kalamos, Michael Sembelos
Leading investors from Shankman Capital, JHL Capital, and Kalamos Investments convened to assess a market characterized by compressed high-yield spreads and S&P valuations nearing historical peaks amidst an unprecedented era of negative real rates. Panelists identified critical risks including a surge in triple-C rated leverage, covenant-lite structures, and aggressive small-cap multiples, while projecting that future equity returns will likely rely primarily on earnings growth rather than multiple expansion. Despite these warnings regarding a potential shift in capital flows to overvalued segments, the group maintained a cautiously bullish outlook with a consensus expectation of strong long-term equity returns driven by diversification and avoidance of leverage.
- Milken Institute59 min
The Evolution of Music and the Music Consumer
John Amato, Irving Azoff, Scooter Braun, Lucien Grange, Rob Light, Bob Pittman, Pascual Rotella, Scooter Bryant Gilbert Jr., David Rockefeller Jr., Mark Geiger
Industry leaders including Irving Azoff, Scooter Braun, and Lucien Grange converged to project an era of exponential growth driven by the shift from record sales to diversified live and multimedia ecosystems. The panel highlighted that while global touring has expanded rapidly across emerging markets and streaming revenue is set to reach $72 billion within a decade, challenges remain in scaling artist presence and enforcing intellectual property rights against tech services. Ultimately, the consensus established that the modern music business functions as a cohesive branding enterprise where artists leverage global digital connectivity and franchise-style festival experiences to secure financial independence.
- Milken Institute58 min
Emerging Markets: Are They Ready for Steadier Performance?
Jay Palosky, Madeleine Antonich, Ricardo Adrogue, Jim McCuckin, Sri
A panel of financial experts led by Jay Palosky, Jim McCuckin, and Madeleine Antonich evaluated the structural viability of emerging markets, concluding that while global liquidity tailwinds are fading, improved fiscal health and sovereign wealth fund growth provide a stable foundation. The discussion highlighted China's constrained reform path and likely 4-5% growth rate alongside regional divergences favoring Mexico and Eastern European credit opportunities while cautioning against Brazil's stagnation and Russia's isolation. Consequently, investors are advised to abandon broad emerging market strategies in favor of selective, long-short approaches focused on hard currency debt and specific country-level fundamentals to navigate re-emerging current account deficits and income inequality risks.
- Milken Institute58 min
Fast Pitch: Concept, Presentation and Critique
Daniel Gorfine, Delian Asperhov, Bonin Bao, Lynn Tilton, Steve Case, Caroline Pugh, Riley Ennis, Katalin Voss, Spencer Hewitt, Ryan Cavanaugh
Hosted by the Milken Institute in partnership with the Kairos Society, the inaugural "Fast Pitch" competition featured five entrepreneurs presenting ventures in health, sustainability, and retail to a panel of judges including Steve Case and Lynn Tilton. Participants were evaluated on growth potential and social impact before audience voting crowned Katalin Voss, founder of the autism-focused Sention, as the winner. The event concluded with a strategic consensus among judges that future success for these high-impact startups relies heavily on forming partnerships to scale distribution and address capital-intensive challenges.
- Milken Institute59 min
Real Estate: Housing Builds a New Foundation
Rick Newman, Stan Humphreys, Jeffrey Gundlach, Larry Mizell, Jed Kalko, Steve Brown
A recent industry analysis details a housing market characterized by declining sales volumes, stagnant household formation, and severe affordability strains driven by high mortgage rates and restrictive lending standards. Experts such as Jeffrey Gundlach and Larry Mizell describe a secular shift from an investor-led recovery toward a "renter phase," where supply constraints in major urban hubs and demographic changes limit new home starts to cyclical lows. While future forecasts predict a slowdown in price appreciation to around 3%, the sector faces complex pressures from rising interest rates, potential GSE reform, and a long-term transition away from traditional single-family homeownership among younger cohorts.
- Milken Institute56 min
The Water Crisis: Time to Turn the Tide
Ban Ki-moon, Brian Sullivan, Gary White, Matt Damon, Mahmoud Khan, Stephen Klebeck
Addressing the global crisis where 2.6 billion people lack clean water, Water.org and corporate partners like PepsiCo are deploying a microfinance "Water Credit" model that has already facilitated over 300,000 loans to reach 1.5 million individuals at a fraction of traditional costs. Facing barriers such as distorted pricing and limited capital access, the initiative is launching a new debt fund and advocating for advanced market commitments to scale access for six million more people by leveraging commercial capital. This approach treats the poor as customers rather than aid recipients, creating income-enhancing value while simultaneously addressing critical business risks regarding supply chain continuity and operational efficiency.
- Milken Institute1h 4m
Debating Online Higher Education: Sebastian Thrun and Niall Ferguson
Sebastian Thrun, Niall Ferguson, Tom Stewart, Martin Splitt, David Leonhardt Jr., Robb Boyd Jr., Peter Barron, Sachit Egan, David Baddielski, Gerhard Hoffstaedtersen, David Levinson, Sebastian Wehrmann, Iran, Christian Brinkhoff, Serena Rosso, Martha Hutton, Alan Seales, Jonathan Zittrain
A debate between Sebastian Thrun and Neil Ferguson examines the disruptive potential of online higher education, highlighting Thrun's data on Udacity's cost-effective, high-performing models against Ferguson's counter-arguments regarding the irreplaceable value of campus-based Socratic learning. Participants discuss how hybrid business models and specialized content delivery aim to solve completion rate issues while serving 400,000 waitlisted U.S. students, though historical precedents suggest technology alone cannot guarantee commercial success. The conversation concludes with predictions that online platforms will not replace traditional universities but will instead expand access to the 80% of the global workforce lacking degrees, potentially stabilizing an industry currently plagued by financial crises and adjunctification.
- Milken Institute1h 3m
Pension Funds and the Economics of Retirement: Demographics Drive Evolution
Andrew Clearhout, Josh Gottbaum, Dan Houston, Brian Pellegrino
A recent panel discussion highlighted the resurgence of defined benefit pension plans in 2013, citing improved funded ratios for Fortune 1000 companies and the robust growth of major entities like Ontario Teachers and UPS. The analysis detailed how these funds utilize alternative asset allocations and direct investment governance to target superior returns while navigating regulatory pressures from the PBGC and tax inefficiencies that currently favor defined contribution models. Experts concluded that despite demographic shifts and longevity risks, a hybrid "barbell" system is emerging where robust DB structures provide security for long-tenure employees while DC plans serve those with fluid career paths.
- Milken Institute1h 0m
Nutrition and Fitness: Living Well Forever
Howard Sewell, David Heber, Walter Longo, Jacob Rafer, Sarah Mullen
Experts convened to analyze how lifestyle modifications can prevent the majority of chronic illnesses, emphasizing that 70% of physician-treated conditions are avoidable through targeted interventions in diet, exercise, and hormonal health. The discussion highlighted specific mechanisms such as using protein timing and eccentric resistance training to combat metabolic syndrome, while debating the nuanced roles of intermittent fasting and testosterone replacement therapy in extending healthspan. Consensus emerged that exercise is a medical necessity and that combining lifestyle changes with monitored medical treatments offers the most effective strategy for reducing global healthcare costs and improving mortality outcomes.
- Milken Institute59 min
Activist Investors and the Search for Alpha
Chris Ellman, Cliff, Jeff, Barry
A panel of leading activist investors including CalSTRS's Chris Ellman and Cliff Icahn's Blue Harbor argues that the industry has shifted from hostile raids to constructive, long-term partnerships focused on intrinsic value. Participants detail strategic tactics such as securing single board seats to influence management while avoiding public proxy fights, emphasizing capital allocation that favors sustainable growth over short-term financial engineering. With seven consecutive deals at one firm requiring only private CEO engagement, the consensus projects a bifurcated future where experienced firms drive 20% IRRs by correcting operational inefficiencies rather than pursuing media-driven volatility.
- Milken Institute1h 1m
U.S. Cities Leading the Way
Josh Terengel, Walter Robb, Kathy Wilde, Gavin Newsom, Tony Hsieh, Andy Cohn
Led by prominent figures such as Gavin Newsom and Tony Hsieh, this event examines how U.S. cities are leveraging public-private partnerships to drive economic growth amidst federal funding gaps and restrictive immigration policies. The discussion highlights transformative local initiatives like Detroit's Whole Foods collaboration and Las Vegas's Downtown Project, which prioritize community engagement and "Return on Community" over traditional financial metrics. Despite these innovations, the panel also addresses the critical challenges of gentrification and affordable housing, advocating for substantive corporate stewardship and new fiscal mechanisms to ensure equitable urban development.
- Milken Institute58 min
Treasure Hunters: Discovering Value in Volatile Markets
Stephen Toy, Jonathan Seaford, Steve Shapiro, Tad Revell, James Reynolds
Panelists including Steven Toy, Tad Revell, and Steve Shapiro characterize the 2013 private equity and credit markets as mid-to-late cycle environments defined by record leverage, tripled GP counts, and compressed risk premiums that mirror pre-crisis excesses. While consensus views plain vanilla high yield as unattractive due to valuation risks, experts identify immediate opportunities in non-auction distressed deals, the U.S. shale energy sector, and undervalued fixed income instruments like non-agency mortgage securities. To prepare for an anticipated wave of defaults and rising interest rates over the next 12 to 24 months, firms such as Golden Tree are raising dedicated distressed funds and advising general partners to secure long-duration capital to exploit the projected market dislocation.
- Milken Institute1h 1m
Bridging the Divide: The Rise of Philanthropy in Asia
Rich, Anne, Your Highness, N, Mike, Laurie Milken, Carl, Justin Nix
The Milken Institute established a new Singapore center to analyze the intersection of Asia's rapid wealth accumulation and social needs, highlighting a distinct regional shift toward integrating philanthropy with family business strategies. Key initiatives, including Bhutan's "King's Challenge" and new impact investing funds in Hong Kong and South Korea, are driving a generational move away from traditional secrecy and pure donation models toward measurable, data-driven social returns. This evolving landscape seeks to leverage private capital and intergenerational collaboration to address systemic issues like youth demographics and sustainable economic development across the region.
- Milken Institute1h 2m
Financing the Missing Middle Market
Jonathan Bach, Lawrence Golub, Rick Miller, Jim Moglia, Adam Sokoloff, Barry Volpert
Panelists from Golub Capital, TCW, BMO, and Jefferies convened to define the fragmented middle market segment, ranging from $5 million to $50 million in EBITDA, while analyzing significant pricing inefficiencies and strategic opportunities created by post-crisis banking constraints. The discussion highlighted that direct lenders and private equity firms are leveraging superior underwriting discipline and flexible capital structures to outperform large-cap peers, despite rising concerns over credit froth and potential deflationary shocks. Ultimately, the sector's economic significance is underscored by its contribution to 40% of U.S. GDP and 41% of private net job creation, positioning it as a critical engine for growth even as investor demand reaches record highs.