Peter Chernin on ‘Backrooms,’ Sequel Fatigue, and Hollywood Mergers

Host Kara Swisher interviews legendary Hollywood producer Peter Chernin about his career and his latest box office success, 'Backrooms'. Directed by twenty-year-old YouTube creator Kane Parsons, the indie horror film has become a massive hit, co-financed by Chernin Entertainment and A24. Chernin discusses his approach to producing a wide range of content and his interest in organic digital creators.

Peter Chernin discusses his investment in the 'Backrooms' film project and its teenage creator, Kane. He explains how platforms like YouTube act as modern talent incubators and cautions Hollywood against mindlessly chasing internet trends without focusing on genuine storytelling.

Peter Chernin and Kara Swisher discuss the success of the film 'Backrooms' and how it represents a shift toward original content and youth-driven IP. They critique Hollywood's reliance on aging franchises like 'Star Wars' and highlight the resurgence of original horror films like 'Sinners' and 'Weapons.'

Kara Swisher and Peter Chernin discuss the lack of comedy films in modern cinema and the aging leadership within major Hollywood studios. Chernin argues that while storytelling formats are evolving through platforms like YouTube and TikTok, the fundamental human desire for great stories and characters remains unchanged.

Peter Chernin discusses the challenges of staying connected to the public's interests while working as an isolated studio executive. He emphasizes the importance of relentless curiosity and trusting young executives, sharing how his company's project 'Backrooms' was discovered by a young employee.

Peter Chernin discusses the challenges Hollywood faces in managing innovation and taking creative risks. He warns against relying solely on data and sequels, emphasizing that long-term success requires creating fresh, original intellectual property.

Peter Chernin and Kara Swisher discuss the balance of risk and creativity in Hollywood, noting how big failures historically drive innovation. They also address the globalization of the entertainment industry, the decline of production jobs in Los Angeles, and the rise of global streaming platforms.

Kara Swisher and Peter Chernin discuss the impact of AI on the entertainment industry, comparing it to past technological shifts like the transition to computer animation. Chernin emphasizes that while Hollywood jobs are down significantly, none have been lost to AI yet, and argues that technology can ultimately expand employment opportunities.

Peter Chernin and Kara Swisher discuss the impact of AI on Hollywood, arguing that fears of technology killing creative jobs are overhyped. Chernin emphasizes that AI should be embraced as a tool for storytelling while maintaining a relentless focus on protecting copyright. They also touch on current AI experiments, including Chernin's investment in Promise Studios.

Peter Chernin discusses how AI can help drive down production costs for young filmmakers, allowing for more creative innovation. He warns against the dangers of vertical integration, arguing that platforms like Netflix, Apple, and Amazon controlling both production and distribution hurts creativity and limits the long-term value of content. Chernin points to historical regulations like the financial interest syndication rules as models that previously fostered a vibrant creative ecosystem.

Kara Swisher and Peter Chernin discuss how vertical integration hurts the Hollywood creative community by reducing incentives and squeezing talent. They analyze the pending Paramount and Warner Brothers merger, arguing that traditional media companies must consolidate to survive against tech giants like Netflix and YouTube.

Peter Chernin discusses the competition for consumer attention between platforms like Netflix and YouTube, emphasizing that they serve different functions. He reflects on his career, dismissing the concept of a business legacy, and shares his focus on philanthropic endeavors like Malaria No More and Billion Scale Health.

Kara Swisher concludes her conversation with Peter Chernin, reflecting briefly on his career. She then credits her production team and invites listeners to follow the podcast.