we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. doly: netflix prepares to the film industry a run for its money. i'm emily chang, this is bloomberg west. we prepare for the tech summit in seattle.

first, to our leagues, it was original tv, and now that the serious about film. on sunday the company's worst original music, beast with no name, screened before particularly important audience. critics at the toronto film festival. follows an african warlord on his quest to change or. the film's star power includes to detectiveing director. what is the endgame for netflix? l.a. is ourrom reporter who is in toronto right now. are you hearing oscar buzz about this movie? toas you said, it is going open to the main audience, but it has already screened at two

festivals in the past week or so, dennis and teddy right. those are much more art type does its that really count, because toronto is one of biggest of the year. this, you will see the film and get the real reaction. the initial responses is positive. emily: we're hearing it is on a few short oscar list. in order to be considered for an all-star, it has to open in theaters and netflix will be opening this movie in theaters on the same day and that it starts turning on netflix. how valuable would an oscar before net movies at this point? >> it would be very important for them. to dip their 10 oh in that the after all production business is a big deal. they're going to have to get

support from reader -- theater chains. they see them as an interloper of sorts. model that is being created that can take away from their business. i think what is ultimately going to happen is that all this we're going to see a lot of changes in the way that things are done. netflix isthink for an important step. there stood we got to give a theaters on board, because if you cannot show it at a theater you cannot get an oscar nomination. this will not work for every movie, and it cannot make enough money back auditing budget movie to just go in the on-demand space. but suddenly netflix is taking a claim and trying to get support fight showing the movie and trying to get oscar consideration. it is interesting because

the ceo of regal actually said why should i show in its movie in my theater when people can just watch it at home? personally, i would watch it at home for free. i do not think i would want to pay for any theater. it is a movie. see the new star ins, they want to go see it the theater. a small movie, the small screen works. but regal, then show the actual sounds and this is undercutting their own business. landmark will show the film, but all will wash out eventually because these are new technologies, netflix is a relatively new player in the side of the business. have a letter reinforces late-night asked us to produce movies and get them out there, they're definitely a major layer if you're going to get oscar

nominations you have to play in the field. emily: star wars is pretty one-of-a-kind. on one line they are walking in front line with theaters on the other side they are walking a fine line with studios. studios, buts and doing original content makes them rivals, right? >> exactly. in his was saying, instructor to the whole industry. the content reducers and the exhibitors. the exhibitors have been vocal about the fact that they want to protect the typical 90 date solicit window where the film only shows in a theater and then it goes to home entertainment, which is what they see that the house. so the way that looks gets around it is they will show that days.ew

netflix itself also has competition from amazon. they are here for the first time, looking for a potential acquisition venue for original film platform. emily: netflix has to buy global rights to movies. buy rights tos to north america, so they can be in contention for a lot more, given the films are only sold in certain territories. when it comes to the stock we have seen a lot of volatility there over the last few weeks. it is up over 100% for far this year. what is going on? >> netflix is in the midst of a total change of their dynamic.

remember back in the day, you just got a dvd in the mail, and then you would return. if you had five user growth and be trying to use theater dollars, no one would see that coming they are trying to break into the .pace is they just want to get a lot of content out there on their films onand the actual that small screen, that is what they are, small screen movies. you have to go on three or four and four oscar there is still it proceeds level with that. there is a much smaller stigma attached to direct to video movies now because the content is so ubiquitous and so available.

yourself to go to a movie theater, that is the best way to go. they're going to shake things up. they still need this movie theaters to help them on their way. i do not know if the theater will go along for the ride. emily: we will be watching. you will have to tell us how the movie is. our bloomberg news reporter, thanks to you both. ceo wentt the uber on the late show with stephen colbert. he claims apple is creating its own driverless vehicle. i know you talk about how businesses from drivers, but you said you want self driving cars. that is not for the driver, it is just employing robots and is white.

hodges that help delivery drivers? is doing the driverless thing, tesla is doing driverless thing, apple is going to be control. do you want to be a part of the future, or to resist the future? we do not feel the taxi industry before us. that is how we think about it. you did not feel last night's episode was that guy was heckled by sexy drive supporters in the audience. it was all out from the final broadcast on cbs. uber will be supplying each car in first issue of its own magazine. competition, mr file i stillto investment,

ahead, why she using being having just had a.

emily: a story we're watching, another exec to exit from yahoo!.

new leader at stx entertainment. in other stories, we are watching twitter. chris sackett taking to twitter to tweet about twitter and its ceo search and voiced support for jack dorsey. it is time for the board to formalize the obvious he tweeted, making jack the ceo and let everyone get back to focus on making twitter better than ever. jack hast knows that such strong teams that he can run both. earlier this year i asked him if he was becoming an activist -- he said hesaid

wanted to fix twitter. sinceave been invested anyone can be invested. there are more than a billion people who have tried it and not stuck around. twitter needs to be easier and more exciting and less intimidating for all the people. emily: turning now to china. the president's first state business to the united states is later this month. the president will be attending a tech summit in seattle, organized by the chinese government are here is what we know. bloomberg has confirmed that alibaba founder jack ma will be there. apples to cook will be planning to attend and may the ceos of facebook and google as well. they will attend a dinner hosted by microsoft founder bill gates at his home. thes interesting, given

president obama's hard-line on china and the chinese president's hard-line on u.s. tech companies. what do you make of the chinese government organizing its own little side trip ahead of the state visit and sort of undermining the white house as the white house is considering sanctions on chinese businesses or hack attacks? >> i think it is a smart move. i do not know what extent they are undermining. the white house has been well aware of what has been going on. she thinking was coming in that direction, and i know it is well known that the chinese have been assessed by the choreography, not just of the state visit to new york, but also what would be , the otherity nongovernmental, non-bilateral venue that they had worried seattle is an interesting choice.

will be learning more about what you have been seeing, but nobody on that list is likely to say no to a chinese president. this is a relationship right now, the u.s. china relationship -- in need of of some win-win at the summit. but i suspect they were looking for something that would be business friendly and friendly generally to the chinese, more so than the washington visit to i think it is a smart move. emily: would you agree that there is no undermining going on here? some people in washington are not too happy about this. is locked inebook china, google is locked, what do they have to gain? >> they do not want to turn this down. and of course they are undermining the obama administration because it has been very well known, because

the obama administration has leaks that they want to impose sanctions on chinese companies for receiving information that the use for commercial purposes. beijing once to make sure those sanctions are not put in place, to i also think they want create the chinese business law by -- lobby. it is undermining the obama administration, that is why they are doing it. emily: what would you single out as the most important issue on the agenda between not only president obama and the chinese president, but the chinese president and for example mark zuckerberg? >> when you look at the u.s. china relationship, you are looking at the problem spots, and you are looking at the areas they are to find accommodation. the problem spot is a long list right now and gordon just mentioned in some huge issues. i suspect, although i may be a

nice public relations looking thing in seattle on the public face, the chinese is going to earful. he will be meeting and want to other high-level business people. warren buffett is going to be there. cyber,s that, there is there are all sorts of issues that have been on the table for a while. then, in terms of common ground, i think one to watch, and it may have a place both in seattle and , hase front in washington to do with climate change. that is one of the few areas where the two governments have some common ground, where there has been some positive and constructive engagement. i think you can look to hear some statements about that issue on the way out. emily: the journal reporting

that the president will be having dinner with bill gates at his house. what do you make of his national access? gates has had special axes for a long time but that has not prevented microsoft from have a very severe problems in china. i think the same thing is going to happen to tim cook. he has said some nice things to jim cramer about the strength of the chinese economy, but it will not help apple that has a tax case against it. i do not think this will be an easy ride for any u.s. company especially apple and microsoft. emily: apple has made huge head why -- headway in china. certainly, as you mentioned, not without challenges. we'll be watching this visit very closely the week after next. on today's out of this world, to multimillion dollar views.

inside of the new dragon spacecraft from spacex. spacex is developing this under a contract of nasa that is potentially $2.6 billion. stunning new pictures of pluto, captured by the new horizons spacecraft. the latest snaps revealing a surface that ever thought. so much data taken that it will take until next fall to receive it all here on earth e. coming up, mergers and acquisitions. ♪

emily: time now for our daily bite. 198. the average number of minutes americans spend inside mobile a new report.o it's the first time ever in amount of time spent inside apps hourss the number of spent watching television. while time spent on apps is increasing, the time spent on tv has not changed. you can use linkedin to search for a new job, but if you're looking for a reason to grow or sell your company you might want to meet my next guest. he matches companies and investors. team a -- thank you for joining

us. give us an example of companies who have used this. >> we're focused on companies in the middle market. business is between five and $200 million in revenue in they are not part of the start of economy, and they are not art of they couldket either see and established software company i kitchen where we are focused on the status, revenue-generating conveys versus the pre-ipo economy. emily: you see the biggest competitor is a handshake. for sure. we decided to launch the mobile now is that of years ago because we have so many customers that in the early days were on black. there now on the iphone. inot of our customers

private equity and corporate development are constantly on the road. in a market like today's with the competition for deals is just incredibly fierce our customers want to be able to respond right away to a seller when they are reaching out about a deal. being the first to respond to a deal, we have done the homework on it and you actually have a 19% greater chance of closing the deal if you're the first person to respond to the seller. the evidence that the deal flow in the palm of your hand when you're on the road is a big consideration for our customers because the competition has gotten so tight. emily: pleasure view on the m&a not right now given the volatility we have seen in the stock market? standing up or slowing down? >> in order for m&a to really come down or decelerate you have or really correction

big deceleration of the economy. the fact is at least in america the boomers are retiring and accelerated rate. that is going to put a tremendous number of of businesses in the market over the next five years/ . is something really terrible to happen it would put a positive on m&a and -- a pause on m&a. in our history have over a thousand digital signatures in the month of august which is a leading indicator for deal flow. emily: thank you. we will be watching how the market conditions playoff to see if you are correct. that does it for this edition of bloomberg west. have a wonderful weekend. on monday, do not miss my interview with the cofounder of tom-tom.

we will be talking mapping in the age of driverless cars. ♪

♪ mark: good evening. 14 years after the attacks of 9/11, it is one of the most poignant days of the year. politics typically provide a moment to pause and reflect and it is a reminder of american unity. new yorkver reason in city, the sun always seems to find a way from out behind the clouds. here are some of the ways this september 11 was remembered