>> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i'm emily chang in san

francisco. this is "bloomberg technology." coming up in the next hour, president biden takes a tour of electric vehicle manufacturing at a ford plant. central to both u.s. infrastructure and america's chipmaking strategy. we will talk to the woman leading the administration's fight against climate change, white house national climate advisor, gina mccarthy. plus, get out your popcorn. amazon is said to be talking about buying movie studio mgm for $9 billion. we will have the juicy plot line in the company's." effort to bolster its streaming services. and helping artists generate audiences and revenue. pandora co-founder newest venture, it is a music only live performance platform. we will have more on that plus his outlook on the future of music streaming between apple, spotify, and more. those conversations in a moment. u.s. stocks ending down tuesday as make it tech shares turned negative. ed ludlow has the full picture. ed: a real change of direction toward the end of tuesday session. we started brightly with tech stocks leading the way. investor psychology changed.

the focus on rising inflation, rising commodity prices, away from what happens when the economy reopens. the s&p 500 main gauge of u.s. equities took a drop in the last 15 minutes. no one was spared. the tech heavy nasdaq 100 index declined. this etf, this ev and autonomous vehicle related stock, had been significantly higher and fellow way to the session. semiconductors also involved in the selloff. flew about the board and it is interesting. i want to focus on the semiconductors. joe biden was focused on that. he was giving a fighting talk about the -- about what the united states would do. choppy trading on the philadelphia semiconductor, as they gauge a chip stocks over the last three months. ev stocks did remain higher. lots of talks from the president about investing in ev's, about what he can do as president to drive the advanced. tesla closing at 2/10 of 1%. impressive gains on these ev stocks. economy -- the concern from investors is how do you treat tesla?

is that a tech stock or a car company? it has been moving in real symmetry to how the nasdaq behaved back in the dotcom bubble. that is in the early 2000 spared the blue line is present-day tesla. that is a very similar picture i'm seeing on my screen. that is something investors are thinking about with underperformance in ev stocks. emily: bloomberg's ed ludlow there. thanks so much for that roundup. i want to turn to climate change and the president's ambitious climate plan. president biden has highlighted his $174 billion proposal, to transform the automobile industry, while on a tour of electric vehicle manufacturing at a ford plant in michigan. the president saying the u.s. is in a race against china to lead the global market for ev's, amid expectations that his administration will unveil a climate finance plan on thursday.

with more on what the plan might entail, bloomberg television and bloomberg radio audience welcomes gina mccarthy, white house national climate advisor. thank you so much for joining us. obviously good to see the president there, touring the ford plant, looking at a battery-powered ford f1 50. talk to us about his ambitious plan. what has the president already done and what does he plan to do to stop or even reverse the effects of climate change? gina: the good news about today is he spent a little bit of time in michigan. he went to the ford ev center to really look at showing people what the newest f-150 looks like. it is electric. it was a great opportunity for him to talk about the plans he has in the united states for winning the future. he wants to make sure that we recognize that electric vehicles are the future, and that his american jobs plan has all of the elements in it that will allow the future to be won by the united states of america.

when he was at the dearborn plant, he was standing with united auto workers. union workers. who were making that plant. who are making that vehicle. in the vehicle was made with parts that were built in 20 different states in the united states of america. we are talking about batteries now being manufactured in america. the president is concerned that china is far ahead of us in the electric vehicle market, and instead of producing the technologies of the future, we are importing them from somewhere else. it is time for that to shift around. the president has an american jobs plane where he is looking to invest or than $170 billion, and he is going to build out the electric charging stations that we need for consumers to buy these vehicles and feel confident that they can get where they want to go and back again.

he is looking at actually providing consumer rebates at the point-of-sale. he is looking for low interest loans, grants, and other opportunities to work with battery manufacturing, so that we steal the supply chain back to the united states again instead of ceding it to other countries. he is looking at opportunities to continue to advance, just in the electric vehicle sector, but in other sectors to show that the united states, following this pandemic, we are going to not have to sacrifice for our people. we are going to design a plan that gets our people right in the mix of the best union jobs that they can have and we are going to grow those jobs and we are going to grab the manufacturing sector back again right here in the united states. emily: the president's plan calls for 700 billion dollars in infrastructure improvements, including the electric car charging structure which he mentioned.

there is no legislation at this point moving through congress to get the necessary funding and regulation for this plan. what is the administration doing about that? gina: there are actually a number of pieces of legislation that looks to support parts of the american jobs plan. but the president really wanted to put together this to trillion dollar plan to show that we are actually going to be back on track to capture the future again. he wants an investment that is right size for this moment, he wants -- a once in a generation investment. that is what this represents. it is not only looking at electric charging stations, it is looking at making transmission grid system works, and renewable energy is available all across the united states. it is investment in our water and wastewater infrastructure. it is going to repair roads and bridges. it is going to look at that kind

of investments in america that you expected president to make who cares about people, and knows it is not about sacrifice. it is about hope and opportunity that this moment brings. he is going to capture it. you are absolutely right, there are pieces of legislation over there that have not passed. but he is sitting even today, we have folks sitting together, democrats and republicans, looking at what we can put together in a bipartisan way to move this plan forward. but this president has made it very clear that this plan needs to be bold, it needs to be big, and needs to meet this moment in time. emily: but if republicans were a bit, sort of not that excited about the jobs plan, the reaction was a bit muted, at what point does the president move forward with the democrats in the majority with his plan? gina: the point is not now.

the point right now is to work with republicans as best we can. then the president will make a decision on what to do next. but i think we all know that president biden has been in office for a long time, working across the aisle. he is hoping to do that once again. but he is not going to wait forever. he knows that this is a moment in time when we have to invest. and he is looking at everything from investments in broadband. i mean, the traditional views of investment just don't work anymore. our country needs to grab it the future for ourselves, to build some strong union, good paying jobs. we have lost more than 22 million jobs over the course of this pandemic. the president is not going to ask to sacrifice. he is going to invest in the american people. that is what this is all about. and that is why he is so anxious to get it moving forward. emily: less gasoline means less gas tax.

i wonder, when you consider a per mile tax on electric cars to cover all of the new mileage that will be covered by a mass electric fleet? gina: thankfully, that is not within my daily weight. -- not within my valley wick -- not within my ballywick.. we will all decide how to make sure that we get the resources we need for states to actually maintain their roads and bridges. right now, the goal is to look at that terrific technologies we have available in the transportation sector, to invest in transit again, to get rid of those dirty buses, especially school buses. to take a look at how we get those old diesel trucks off the road. and yes, to build an electric

vehicle infrastructure so that we can capture that market. emily: ok. speaking of electric cars, elon musk who of course is the ceo of tesla, has been very vocal about the energy consumption of bitcoin mining. he and tesla have invested in bitcoin itself. are you concerned about the energy consumed by crypto mining, given how much the market has exploded? are you thinking about this from a policy perspective? gina: of course we are thinking about every sort of energy consumption that we have in the united states. because we need to right now, this decade, invest in how to turn that around. we do have a climate crisis, we owe it to our children to tackle it. you are right to look at every opportunity that we can to

actually reduce this greenhouse gas emissions. i will not speak specifically to that issue at hand, but i will say we are looking at how to look at every sector of our economy, and lead our commitment that we made to the international community when we rejoined paris. which is how we can cut our greenhouse gas emissions in half by 2030. that is a task we are taking seriously. we have looked at every sector, including the mining sector, the oil and gas sector, we will look at our transportation sector, we will look at housing and how we can move forward. the good news is we have tremendous opportunities for deployment of already existing technology that can help us get that reduction that we so desperately need to show the world that we are back action in the united states. we went to provide international leadership. but there is no doubt that the challenge of climate change is big, and fixing it is going to take investments. and that is why the president is out in front and hoping to move forward with this level of investment that will get as some reductions this decade, which we need.

then we will move forward with research and development on innovative technologies, that can get us over the finish line by 2050. emily: all right. on behalf of our bloomberg tv and radio audiences, thank you so much, gina mccarthy there. white house national climate advisor joining us from the white house. coming up, wework's executive chair says the traditional office is dead. he joins us next. this is bloomberg. ♪

emily: are 20-year office leases a thing of the past? wework certainly thinks so. pco told our -- the coo told our ed hammond when he spoke to him earlier. >> the office is very different today. most of our customers are the world's largest companies who basically are spending on their employees because they do not know how many days they will be working. when you are sitting in the only company in the world that has a 1000 building in pretty much the most important city in the world, the demand for wework space today is higher than it was before the pandemic. it allows us to learn how to operate on a cost-flexible basis, and now we have a wework

that, like i said before, we should be a profitable company by the end of this year for the beginning of next year at the latest. the demand for flexible office space is higher than ever, and i think the world is going to really find that flexibility becomes the most important part that a company can offer employees. >> wework announced last month that it would be accepting payment in the form of cryptocurrency and also said it would hold some on the balance sheet. today, we saw elon musk come out and say tesla would no longer be taking bitcoin over the concern it has the impact on the environment. is that the right move? is that something we are likely to see moving forward? is that just a reaction to the short term trend? >> the reason why we decided to accept cryptocurrencies was

because our customers were asking for it. one thing we do is we listen to our customers a lot. they tell us the type of set ups that they want, and the crypto word came out a lot when companies said, you know, we would like to pay you crypto. we have accumulated a significant amount of crypto and we would like to use it to pay your rent. at the same time, other people pay us in crypto, and to us, it is like another currency. we have u.s. dollars, pounds, crypto, japanese yen. our customers ask for reimbursement in crypto, we pay in crypto. we have customers who are not paying in crypto currently, and we have others who say they would like us to pay in cryptocurrency. we are going to listen to our customers. if they want to pay in could do,

that is how we take payment. emily: that was softbank coo and wework executive chair. we will have much more "bloomberg technology" to come. you don't want to miss it. this is bloomberg. ♪

emily: a few stories we continue to watch -- more than 200 companies have announced they have to restate past financial statements, more than 170 of them are companies that went

public through special-purpose acquisitions. they were tripped up by the sec. the agency warned them that they were incorrectly accounting for certain types of warrants they issued to entice investors, and that change has halted the surging spac market. fidelity is looking to have a new wave of investors. it is aimed at 13 to 17-year-olds that will allow them to save, spend, and invest their money. they will be able to make their own trade on their app with zero accounting fees. still, they would have to have a parent or guardian who also invests with the firm. speaking of young investors and going public, robinhood could reveal filings for a planned ipo as soon as next week. this is according to sources who say the training app could be targeting a listing as soon as june. it comes on the same day that some users most popular asset classes are on the move. i want to bring in our ed ludlow. what are we going to learn potentially about robinhood next week?

ed: the first look under the hood. when you get a listing like this, the first opportunity for public market investors to look at the reality of the company. what are the company's financials? how much money is it making? how much money is it actually losing? i'm not trying a complete comparison but think back to wework. when it came out with its equivalent filing sometime ago now, the investment was shocked at what they found. i'm not saying that will be the case with robinhood but it is a reality check. there has been so much around robinhood, especially around deal flow. that is revenue robinhood generates bypassing on transactions or trade to brokers. people were surprised to learn that was such a significant portion of the money that it brings in. you really learn about the company. from that point, you make a decision about whether you want to buy in. emily: yet again in meme stocks,

from gamestop to amc. are these stocks back? ed: the traders seem to be back. we knew there was data in the first three months of the year that retail traders were accounting for almost a quarter of market activity. once again, we look to twitter. there was a #squeezeamc going on across monday and tuesday in the markets. there was news of a big block trade. 17 million shares of amc. that gave a lot of excitement. the discrepancy on your screen between amc and entertainment which was up for eight straight sessions, and gain stock which had much more muted gains and wild swings in recent sessions. there is no really hard reason or rhyme to what is going on. one commonality is that the so-called reddit traders, the retail investors, the drivers of the stocks have come back into the market. they are the same investors that were looking at cryptocurrencies.

emily: so, talk to us more about what is going on in the crypto market. it has been a roller coaster. i asked the white has national climate advisor if she is concerned about energy consumption of crypto mining in particular, which elon musk has spoken out about, catalyzing this wave of tweets and back-and-forth. many people in the crypto community are not happy with what he is saying. and a lot of innuendo in terms of whether he sold his tesla bitcoin or not. talk to us about the movement, what we know, and what we are seeing. ed: bitcoin in particular, it is still very much a news and sentiment driven asset class, if you want to call it an asset class. the latest news is china central bank pboc was firm, cryptocurrencies in particular are not official forms of payment. when you have such a big player in world financial markets like the pboc come in and stamp down, clamp down on cryptocurrency, it impacts sentiment. the other big thing over the last 48 hours is elon musk's tweets.

a number of strategists and wall street analysts saying as long as elon musk keeps impacting the market with tweets in one direction or another, even though he has thrown his own weight behind bitcoin and dogecoin, it is going to keep those a legacy institutional investors on the sidelines. for as long as those big banks, big asset managers are not involved in cryptocurrencies, we will continue to see the volatility. that is what it boils down to. it is how vulnerable swings are to what we see on the news. but also, it is volatility keeping big players a bit too cautious. emily: and if one thing is for sure, it is that the swings will continue. coinedbase president and coo --

coinface -- coinvbase -- coinbase president and coo emily emily choi said buckle up, welcome to crypto, in our last chat. thank you for breaking that down for us. appreciate it. coming up come after a year of chaos, google is trying to move onto a new normal. we will go through the announcements made at its virtual i/o conference and how the company, plans to double down on house tools and ai next. this is bloomberg. ♪ (announcer) back pain hurts,

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>> the pandemic has brought us together in the shared experience for more than a year. but now we are seeing the common experience diverge. in some places people are beginning to live their lives again as cases decline. other places like brazil and my home country of india are going through their most difficult moments yet. emily: the alphabet ceo there talking at the company's virtual 2021 google i/o developer conference. they announced a new look for android 12, more privacy features, and a partnership with shopify.

they're also betting big on quantum computing and ai. and after year when so many turned to google to search for everything from covid-19 symptoms to vaccination locations, getting the right information to users came a central part of a strategy. earlier i sat down with google's chief health officer karen desalvo and asked her about google's responsibility to amplify correct information. karen: it's such an important responsibility not only in a pandemic but other times as well. certainly throughout the course of the pandemic we have seen people coming to us asking questions about covid, about testing, vaccines, where to get care. so we consider that an opportunity to get the right information at the right time to people to save lives and do that in partnership with public health authorities like the world health organization or the cdc. just as you say, to make sure we can amplify their important public health messages. so we see that we can help meet the information with people when

they are looking to make sure it is the highest quality possible. emily: you joined google in 2019 as chief health officer, which was before the pandemic. how has the pandemic changed the size and scope of your role? karen: i joined in december of 2019, and we were already starting to see cases later that month in parts of asia where we have offices, but like most of the world it was in late january and february when we began to realize that we had to put down her pencils and turn our attention to the really critical things that were facing the world. and knowing that people were going to come to search, to ask questions about coronavirus, work with w.h.o., the cdc and others to get their information front and center. if you think about it, even back then we were just learning about how important it was to wash our

hands. we were learning about what flattening the curve was. so as a public health person, i really just was grateful that i could be here at this time to help make sure people were getting the right information in any crisis, including a pandemic. communication is job one so people know how to protect themselves and how to protect their communities. we have been very focused on the pandemic the also making sure we are not losing track on the other important work we want to do to improve people's health. emily: it seemed google would ask employees to come back to the office but now the company is saying some people can work remotely for the longer-term. why the change? how did google come to this position? karen: as you say, very early in

the pandemic we saw that we needed to be a part of this flattening the curve opportunity, that we needed to make sure that everything we could do, we should in two not be a link in the chain of transmission. so we went to work from home early. we learned that we can do that, and that every way it is possible for us to be conservative going back in the office, that we should. we also learned it is important for us to try new ways of working. so as we think about the future of work, we want to be as inventive and creative as we have been and the prior iterations of work. i mean, creating really incredible campuses that lend themselves to creativity and innovation and collaboration. we want to make sure we have that kind of environment for our workforce that will thrive and need that kind of space, but also wanting to learn to understand what does this future look like, and how does technology enable companies like ours and others to continue to be successful in the products and research work they want to do.

so we are on a journey like many other companies to see that we are doing right by our employees, make sure that we can do the work that we need to get done, but do it not only safely but in a way that will promote well-being for all of our employees. emily: is google going to insure or require that all employees get vaccinated? karen: we are doing everything we can to get our employees and our extended workforce vaccinated, and dependents as well. that means partnering with others to get that done all over the world. very much encouraging people to get vaccinated. the google community all around the world. right now we are not in a place where we are going to require that to go back in the office. we think there is still enough momentum that there are people who want to get vaccinated in places like u.s. there is supply, recognizing though of course that not every place in the world has enough supply to meet demand.

so we are trying to carry along on this journey and encourage, not requiring, but we are just making sure we are doing everything we can to reduce the friction, so it's easy enough to get a vaccine and try and help be part of a big community solution. how do we help as many people get vaccinated as possible? emily: meantime at i/o, you unveiled this new ai-power dermatology tool. tell us a little more about how it works, and why this was a priority. karen: so excited about this tool. i a primary care physician, so for decades of practice people came into a clinic and called me on the phone, i have this thing and i don't know what it is. i am not a dermatologist, so i often need to refer people to derms. it's just a wonderful tool that my patients could use to understand, what's the potential conditions they have. and then when they come into the office environment or when they call me, they are much more prepared for conversations because they have been able to do additional research, and that just always makes for a much better engagement with my patients. so i love it's an ai tool that can generate this list of derm conditions.

i especially love it is for consumers to empower and engage and give them a sense of agency, so they have that knowledge moving forward. and i love it is a light tool that is available from the browser basically. it turns your smartphone or computer into the device to be able to understand. it's not something extra you have to get. so i am excited about the potential. i think it is clearly something people are interested in getting more knowledge about, derm conditions. so we see this as a great way to be helpful when people are coming and searching on that kind of information, to give them more of that relevant, authoritative content so they can make better decisions for themselves. emily: google's chief health officer, dr. karen desalvo.

apple is repairing to release several new mac laptops and desktops. bloomberg has learned they will have faster processors, new designs, and improved connectivity to external devices. that will accelerate apple's effort to replace intel chips with its own. coming up, he cofounded pandora, kicking off a sea change in how we listen to music. now tim westergren is onto his next thing, disrupting livestreaming and helping artists make a sustainable living. he will tell us just how he is planning to do that, next. this is bloomberg. ♪

emily: pandora co-founder tim westergren has unfinished business after changing the face of radio and streaming with pandora, he is hoping to achieve what pandora could not with a new venture, a business model that generates meaningful income for artists. launched in april of last year just after the pandemic at the u.s., and now some musicians are earning up to $20,000 for a single performance. joining us now to talk about how it all works, tim westergren himself, and how he hopes it will compete with the likes of apple music and spotify. great to have you back. talk about how your experience founding and running pandora, all the ups and downs, brought you to this. tim: there were many ups and downs, a lot of learning over the years.

i guess i would say this. i have had the experience of working in a large product that had its tentacles all across industry. and i learned early about that whole ecosystem deeply, including the economic structure that artists exist under. and i think that whole experience is with an artist -- the truth of it all is despite a lot of successful businesses being built, ours is not locked away with good compensation. emily: talk to us about how sessions works? i understand it initially started as a music mobile game, but now it is more of a livestreaming platform that enables musicians to connect with fans directly. walk us through that.

tim: it's very interesting. this whole concept is a marriage of two discrete disciplines. on the one hand his music and the on the other hand is gaming. it's the perspective is both of those combined that led to this product. in particular, the genius of gaming is the ability to create revenue from ephemeral products, the virtual economy. you can spend money on virtual goods and services. the team spent 10 to 12 years honing those skills. and of course i come from music. and what we found i think is this intersection where you take a live performance, which is an artist's most valuable asset, and you mary it was great gamification. we are seeing artists earn consistent income by leveraging all of the advanced techniques of virtual gaming.

it is a blend of the two that makes it work. emily: now, you launched just after the pandemic hit. talk to us about the demand you have seen, and how you expect demand to continue when we come out of the pandemic, and conceivably artists can have live concerts once again, in person. tim: this idea was hatched long before covid was even known, so this predates all of that. but it is true of course that covid was a huge awareness raising thing for us, for this industry. it brought a lot of people who found themselves stranded and looking for somewhere to play. it put a lot of wind in our sails and accelerated our options. we think this will be an important and robust part of the music industry post-covid. we are doing hybrid shows where artists are playing live -- artists sometimes doubling the income they make during a live show. this is going to be a broadly used technique going forward for musicians generally.

emily: let's talk about how sessions is making artists money. i understand younger amateur musicians can make as much as $700 per hour. someone more well-known can earn $20,000 for a single performance. how does that compare to apple music or spotify, or soundcloud? tim: i know something about this because i have been at it for a while, and i can tell you i have never seen a place where artists can make this kind of compensation. and not just well-known artists, but artists who have no fans. we started the service with a couple hundred artists who had no fans from all over the world. within months, many of them were making livable income just from their revenue on sessions. and established artists are making hundreds of thousands actually, over half $1 million for a single show. it's serving artists across the spectrum.

there are two things that make the possible. one is the gamification, this virtual economy that happens during a performance. the other thing is something the company developed about 15 years ago which enables us to bring people, audiences to these shows. we spend our own marketing dollars to attract fans to every show that streams on sessions. these are well attended shows, which is frankly the other great problem that livestreaming has had and continues to have, which is there are lots of platforms and tools and capabilities, but they are not bringing fans. so these shows are like trees falling in a forest, and i think sessions is solving that. for me, i have seen the potential for global musicians middle-class. emily: now, you have been really open about your time at pandora. you have said in the past that

pandora broke your heart, and i know that artists not getting compensated enough was part of that. when you look at the streaming music industry today, when you look at apple music and spotify, do you see something that is broken, and what is broken about it? tim: i see a small handful of companies that have dealt a lot of value. they are valuable public companies, and a small cadre of artists have also done well by these companies. but by and large, the vast majority of musicians have not been properly compensated. in some ways through no fault of its own, pandora's business structure did not allow it. but artists right now are renting their audiences and they are earning their income through other people's businesses. so, as a share of advertising revenue, as a sheriff's

description revenue. but they do not have direct relationship with fans or direct ownership of their actual business. they literally rent their fans from facebook and instagram and the like. i think that needs to change. artists need to recapture their audiences. that is at the center what sessions is trying to do. emily: spotify talked about the radical commoditization of music. he wants that to happen faster. what do you think? tim: that comment kind of scares me. i think part of the problem is that music is getting commodified. it is getting anonymized, i would say. you have got the services that have millions of artists, millions of tracks that exist primarily as songs in a playlist, and the artist does not really have much of a presence, and certainly does not have a direct relationship to their fans. this orwellian future ahead of us, where artists are cogs in a wheel, invisible to the audience. again, i think this is with the great potential of livestreaming has here, because you are a person in front of a crowd in real-time, in three dimensions, a living, breathing human being playing, and having a relationship with the people around you.

i think this is a way for us to return to that, to have that connection. that connection happens when the fan watches you for five minutes and drops a five dollar bill in your guitar case. you meet eyes and acknowledge you, and vice versa. livestreaming i think can bring that back. emily: do you think companies like apple and spotify have too much power in the music industry? tim: well, i am not sure i would abstractly say they have too much power. i think ultimately what matters is how the spoils of the business is distributed. for this to work in the long run, for everybody frankly, including those large companies, art needs to work for me to shins. -- work for musicians.

it will not work if professional music comes a hobby. it works if artists can thrive and dedicate themselves to music full-time so they can make great art. so i think somehow, this sort of ecosystem has to restructure so artists have that kind of ownership and that kind of income. and i'm going to say this many times, i think livestreaming is a thing that can happen. i think fans are looking for this too. music is not wallpaper. it feels like that on some of these services, and fans crave a connection, and livestreaming can provide that for them. emily: very eloquently put, there. tim westergren, cofounder of pandora and now sessions. we will keep our eyes on sessions. thank you so much for joining us. tim: thank you. emily: still ahead, more media deals potentially on the horizon. amazon said to be in talks to buy the james bond movie company mgm. all the latest details, next. this is bloomberg.

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emily: bloomberg has learned amazon is in talks to buy the james bond movie company mgm studio. amazon proposing a bit of about $9 billion, which would add to the russia streaming deals that are set to make 2021 a record year. for more, let's bring in kelly gilblom. what we know about this, and is it going to happen?

kelly: yeah, thanks, emily. what we know is they have been in discussions. mgm has been on the block for a while. it started the sales process late last year. it has been talking to a lot of potential bidders. this is the furthest along it is actually gotten with another company. it seems real, it seems possible, but you never know until you know. i think it is just a real reflection of where we are at in the streaming wars and the fact that content is king. if you're going to complete with the netflixes and disney plus's of the world, you are going to want to get your hands on a great library of titles that are very high-quality and that people know. emily: what does mgm bring to the table? of course it's a historic studio and it has done a lot more than just james bond. kelly: yeah, it has 4000 movie titles. among those, i think it is

dozens if not over 100 best picture winners, over this past century. it's got this great place, it has great tv shows like "survivor," great reality programming. things that people are going to be familiar with that are going to go toe to toe with something like what this new warner media discovery tied up is going to be offering customers with "friends" and other nostalgic titles. emily: quickly, does mgm want amazon as an owner? what is your sense of that? kelly: i think mgm is definitely ready to get into the tech space. one of the things that was really interesting last year as they were coping with the pandemic was they try to sell the latest james bond movie to a streaming service to debut online. even though for decades it has been so committed to theatrical. that deal did not work out but i think the sales process was about drumming up interest of

the tech companies and making that bigger move into streaming. emily: all right. kelly gilblom, we're going to keep our eye on that. thank you so much for your reporting on this. that does it for this edition of "bloomberg technology." coming up on the show tomorrow, we're going to devote the second half of our show to one of the most watched ceo's in the semiconductor industry, and that is amd lisa su. catch my latest bloomberg studio 1.0 that will be airing here at 5:30 p.m. eastern and 9:30 on bloomberg television. you don't want to miss it. this is bloomberg. ♪

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