The Future of AI Art Generation And How Production Companies Are So Profitable

**Sam Parr** (0:00)
All right, there's this amazing book called Getting Everything You Can Out of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How to Make Money with What You Already Have. It's an incredible episode. Talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's podcast network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales.
You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.

**Shaan Puri** (1:01)
All right, so what's going on? So basically there's streaming wars going on. Netflix, Disney, Hulu, everybody's fighting for subscribers.
Okay, well, how am I gonna differentiate from, if I'm Netflix, how do I differentiate from Hulu and HBO and all this stuff? Basically they need original content. Okay, so that's created this like huge imbalance of there used to be a lot of content and a small amount of distribution. Now there's a lot of distribution fighting for a small amount of content and all the distribution players have just decided like the prize is big, let's lose money for a lot of like several years and invest billions into content and like let's be the last person standing. And so they're investing on what you call a J curve where the curve goes down, you lose a bunch of money and then like a J goes way up and you make money later. What that means for these production companies is they'll overpay. There is a bidding war and they are willing to overpay for my content.
All right, in this episode, we are talking about the latest industry that I am totally, completely obsessed with, I almost can't think of anything else, and I'm not sure why other people aren't freaking out about this. So I go on a rant about that. What else we got?

**Sam Parr** (2:10)
We talked about Mark Manson and how he's got this amazing empire on this book called The Subtle Art of Not Giving an F, I'll say F there, and how it started just as a blog post and turned into this amazing business that's making tens of millions of dollars for him. And then we also talked about production companies and how the breakdown is actually way better than we thought, you know, the economics and how it works is far more fascinating than we anticipated.

**Shaan Puri** (2:34)
All right, enjoy.

**Sam Parr** (2:35)
All right, we're live. Dude, I'm in a horrible mood.
And the bad part about this job is like, you have to like immediately snap out of a horrible mood. And I can't exactly explain all the details about why I'm in a bad mood, but basically involves like a real estate deal that I did and someone I feel is trying to take advantage of me. And here's what I think happens. Tell me if this happens to you. I feel like I do a deal with someone or whether it's like a small deal or a big deal. And then they like learn about what our stupid podcast is named or they Google us. But it's mostly the fact that the podcast has such a horrible name. And then they like, you know, you get like, you know, like in Hawaii where they got like the local price and then they got the other guy price. It's like it's like I get the other guy price. You know what I mean?
And if even if it's just a little of another guy discrepancy, it pisses me off.

**Shaan Puri** (3:25)
That's hilarious.
Yeah, I don't think that happens to me. No one's ever ever referenced it. I've never got that feeling.
In fact, I actually get a bunch of credit the other way. People are like, look, you know, I don't want to offend you with like a lowball offer on your on whatever whatever it is. I know this money doesn't matter to you. And I'm like, dude, like I'm showing up here. The money matters. I like, you know, please don't not give me the money because you think it won't matter to me. Like, you know, I think it does. Right.