Herb Allen’s Sun Valley Conference – 2025 – Day 2 – The Kid’s Table

(As a disclaimer – there are legal rules now at Sun Valley stating that anyone who attends may NOT publish or share pictures of anyone else at the events or relay conversations that happened at the conference. So unlike years past, when Herb Allen didn’t care, some fuckwad lawyer got to him and now we have to be more careful. I could share pictures without people and conversations that may or may not have happened.)

DAY 2 – THE KID’S TABLE

‘Embarrassment’ is the most appropriate word for today.

‘Total Embarrassment’ are the two words most appropriate for today.

‘Total FUCKING Embarrassment’ would be the three most appropriate words for today.

Where to start?

Mary Poppins in the ‘Sound of Music’ would say the beginning is very good place to start. Fuck that. I’d rather start at the end and forget the beginning.

Old media Hollywood moguls (and one King) were completely humiliated today.

We were looked down upon and judged based on our market cap and old media business models.

Anyone running what is considered an ‘Old Media’ company (Manka Bros., Warner Bros. Discovery, Universal, Fox, Paramount and, yes, even Disney!) were treated as second-class citizens throughout the day.

From the very first bullshit presentation on (blank – not allowed to disclose) – to bullshit presentation on (blank), we were either seated in the back and they started without us. Such disrespect.

It’s almost as the cruelty was the point. I half expected ICE to show up and ship us immediately to Alligator Alcatraz.

Alligator Alcatraz

Only Ted Sarandos was allowed to hang with the tech bros (and Sheryl Sandberg). Why? #marketcap  The tech crowd feels that Netflix is a ‘new company’ – but they’re almost 30 years old (oh, look out you rock and rollers…)

By late morning, many of us (David Zaslav, Bob Iger, Brian Roberts, David Ellison, Lachlan Murdoch and me) were relegated to the Sun Valley Lodge Business Center with a Mr. Coffee machine which no one knew how to use and a basket of breads which were uneaten from a past weekend wedding. We watched the remaining presentations on laptops with shitty Sun Valley Lodge wifi.

Sun Valley Lodge – Business Center

We couldn’t believe we were sent to a spillover room. WE ARE THE ONES WHO SEND PEOPLE (B-LEVEL CELEBRITIES AND A-LEVEL STARS WHO CAN’T OPEN A MOVIE ANYMORE) TO SPILLOVER ROOMS! We were running the world when the tech bros were in diapers.

These bastards obviously haven’t seen the latest chart showing the world’s largest media companies. I mean, if I was WBD, Paramount or Fox, I would sort of understandc – but the rest of us – especially Manka Bros.? F you, Herb!

World’s Largest Media Companies – Manka Bros. Internal Company Estimates

We were given two activities as options to fill our afternoon:  Cornhole, or helping to water the grass and plants. We all chose cornhole and played on patch of burned out scrub that was called ‘Sun Valley Lodge-adjacent.’

Sun Valley Lodge – Cornhole

Herb Allen’s Mogul Camp used to be so much fun and adventurous and, dare I say, intellectual – for instance 2019 (Day 3 Link here and at the bottom): ‘DELIVERANCE’ – DAY 3 – 2019 HERB ALLEN SUN VALLEY CONFERENCE – in which Jeff Bezos’ new wife Lauren Sanchez saved everyone by helicopter after a terrible kayak trip.

Now… we play cornhole.

Herb Allen’s Sun Valley Conference – 2019 – Day 3 – Deliverance

These days, I just want to take a nap.

But I couldn’t because we had to go to dinner at THE GREAT HALL OF MOGULS – the amazing gathering place of all the world’s best people. Great things have been accomplished in that room and, normally, it’s an incredible honor to step inside those walls.

But tonight, it was the greatest humiliation of my life – as well as for everyone else who was seated with me.

WE WERE AT A FUCKING KID’S TABLE while other billionaires with trillion dollar market caps were seated at a table called  ‘VALHALLA.’

Sun Valley Lodge – Great Hall Of The Moguls (and Kid’s Table)

Those at the Kid’s Table included me, Bob Iger, Brian Roberts, Lachlan Murdoch, David Zaslav and, for some reason King Abdullah of Jordan)

All conversations that I had initially put down here were stricken from this post. All I will say (and am allowed to say) is that King Abdullah is kind of a jerk (and I helped him buy a horse years ago) and that Warner Bros. Discovery (at least the good half) will be acquired in the next 12 months. There isn’t much more to say other than… [REDACTED].

And, even though my heart is filled with enormous hate for many of these people, the Salisbury Steak was very good.

Sun Valley Lodge – Great Hall of the Moguls – Dinner Buffett

Tomorrow, I hope, the world will be a better place that it was today.

Good night.

Khan Manka, Jr. – Chairman & CEO – Manka Bros. StudiosThe World’s Largest Media Company

Herb Allen’s Sun Valley Conference – 2025 – Day 1 – As If We Never Said Goodbye

Herb Allen’s Sun Valley Conference – 2025 – Day 2 – The Kid’s Table

2024 – Did Not Attend – Was In Jail

2023 – Did Not Attend – Was In Jail

Herb Allen’s Sun Valley Conference – 2022 – Day 1 – The New Guard… Not!

Herb Allen’s Sun Valley Conference – 2022 – Day 2 – Shit Storm

Herb Allen’s Sun Valley Conference – 2021

Herb Allen’s Sun Valley Conference – 2019

Herb Allen’s Sun Valley Conference – 2018

Herb Allen’s Sun Valley Conference – 2017

Herb Allen’s Sun Valley Conference – 2016

Herb Allen’s Sun Valley Conference – 2015

Herb Allen’s Sun Valley Conference – 2014

Herb Allen’s Sun Valley Conference – 2013

Herb Allen’s Sun Valley Conference – 2012

Herb Allen’s Sun Valley Conference – 2011

Herb Allen’s Sun Valley Conference – 2010

Herb Allen’s Sun Valley Conference – 2009

Herb Allen’s Sun Valley Conference – 2008

Herb Allen’s Sun Valley Conference – 2025 – Day 1 – As If We Never Said Goodbye

Welcome back, they said!

I think they mean it this year because there were pillow mints (on my pillows) and a bottle of Jack next to my bed and it was on the house!

So, yep, I made it to Sun Valley and the MOGULS ARE BACK! It’s been a fucked up couple of years. But we survived.

Though getting here almost killed us all.

Manka Bros. used to have the most awesome private jet in Hollywood – but now, after a few years of not really keeping up – we are woefully behind.

I was terrified when we landed this afternoon. The Meta and Amazon planes were something out of a Mad Max movie and could have just destroyed us with whatever weapons of mass destruction they had on board.

I never used to be scared of shit – but now I’m in my 60s (which sucks) and everything terrifies me outside of Beverly Hills or the south of France.

Sad to say, but us moguls from the Hollywood of yore have become insignificant and our private jets and boats are laughed at by the tech bros.

But I digress…

I am at Herbie Allen’s conference for the (I don’t know) twentieth straight year and I’m actually happy to be back.

As I’ve chronicled here, I’ve gone through a rough patch lately.

Because of covid and some time in jail, I missed the past couple of years, but now I’m here and looking forward to doing nothing.

The Herb Allen Sun Valley Conference is renowned for some pretty big deals but not for us.

No one is buying Manka Bros. Studios – despite still being the World’s Largest Media Company – and I’m not selling anyway.

Hard to say if anything will happen this week other than kayaking, getting shitfaced and golf.

I’m sure Warner Bros. Discovery and Comcast will be huddled in corners until they pass out drunk.

Poor little Paramount has 1/70th of the market cap of Netflix (how the fuck did that happen?) and they are soon to be under billionaire management – not that that will help.

Perhaps David Ellison has a plan to… (further comment deleted by Manka Bros. Corporate).

I’m just here for the breakfast buffet and the best goddamned dirty martini ever at Tha Drankin’ Hole. (And… don’t tell anyone… perhaps U2 is playing an acoustic set – a little birdy name Rupert Murdoch told me it’s possible.)

(The above was written on the tarmac while we waited for a place to park the plane. I think we ended up in a corn field, far away from where we used to be – but times have changed.)

As I arrived at the Sun Valley Lodge, I breezed past THE reporter covering it (Julia BoorstinJ, I think) – yes, only one standing in a little guinea pig pen across from the lodge entrance so we couldn’t possibly hear anything she yelled at us.

I entered the lodge with Jeff Katzenberg (with all that Quibi money) and Lachlan Murdoch (with all that Disney money) who were talking about some dumb ass bullshit that either won’t happen or will go out of business within six months.

They went left and I went right – right into the bar. (I won’t repeat my bar conversation which is exactly the way it has happened in past years, and those links are below.)

Don’t get me wrong, I have a fond affection for Herb Allen’s Sun Valley Conferences from years ago when Hollywood was King and people like Michael Eisner wrote songs for the occasion (see DAWN OF THE MOGUL) – but now, we’re just old dudes pushing movies and TV shows in a business that Barry Diller calls ‘so fucking boring.’

I don’t agree with Barry (and I don’t think Barry agrees with Barry.) I read his book. He loves show business and probably just wishes it was the old days as well.

We may not make the money we used to in Hollywood, but goddamn it’s a much better job than speculating on crypto.

My friends Bin and Vin Trahn are still running the bar at Tha Drankin’ Hole (The Duchin Lounge) and they are still the best goddamned bartenders in the world.

Bin got me hammered in five minutes – so I just  said hello to a few other drunken moguls on my way out. I was going to grab a few bites from the famous Taco & Salsa Buffet  – but Ted Sarandos had pulled up a chair at the front of the buffet and was scooping with his hands from all the bowls and I didn’t want to interrupt.

So I just went to my room.

I learned from past experience that nothing good ever happens on the arrival night other than getting so drunk that Day 2 becomes a fog and another wasted day. So I hit the sack early and we’ll see what tomorrow brings.

I’m happy to be back, but it’s different now.

Warren (Buffet) has retired, Herb (Allen) has trouble walking… Barry (Diller) is now (officially) gay (duh!)…

Certain moguls – who were all powerful – are talking about selling their art collections to put in their charitable trusts, etc. It’s as though the fun is over and all that is left is the preparation for death.

This doom and gloom scenario is only for Old Hollywood – not for the Tech Bros – they now rule everything.

Can’t wait for the A.I. bullshit presentation in the morning.

Khan Manka, Jr. – Chairman & CEO – Manka Bros. StudiosThe World’s Largest Media Company

Herb Allen’s Sun Valley Conference – 2025 – Day 1 – As If We Never Said Goodbye

Herb Allen’s Sun Valley Conference – 2025 – Day 2 – The Kid’s Table

2024 – Did Not Attend – Was In Jail

2023 – Did Not Attend – Was In Jail

Herb Allen’s Sun Valley Conference – 2022 – Day 1 – The New Guard… Not!

Herb Allen’s Sun Valley Conference – 2022 – Day 2 – Shit Storm

Herb Allen’s Sun Valley Conference – 2021

Herb Allen’s Sun Valley Conference – 2019

Herb Allen’s Sun Valley Conference – 2018

Herb Allen’s Sun Valley Conference – 2017

Herb Allen’s Sun Valley Conference – 2016

Herb Allen’s Sun Valley Conference – 2015

Herb Allen’s Sun Valley Conference – 2014

Herb Allen’s Sun Valley Conference – 2013

Herb Allen’s Sun Valley Conference – 2012

Herb Allen’s Sun Valley Conference – 2011

Herb Allen’s Sun Valley Conference – 2010

Herb Allen’s Sun Valley Conference – 2009

Herb Allen’s Sun Valley Conference – 2008

 

Manka Bros. Is Still The World’s Largest Media Company

Good morning.

As we start Q3 2025 (!), and in a quickly evolving industry, Manka Bros. has maintained our position as the World’s Largest Media Company.

Here’s the latest chart – and as you can see that, based on size, Manka Bros. still barely edges out Netflix despite having completely different business models.

 

 

 

 

 

 

 

 

 

 

How did an old media company survive (and even thrive) in this current Hollywood climate?

Manka Bros. never panicked and didn’t sell off assets to goose our growth to appease Wall Street (we still have our Music Group for fuck’s sake – I’m looking at you WBD and Paramount.

I mean, the instanity of this stat: Netflix is nearly 70X larger than Paramount! That’s just embarrassing.

Shari Redstone knows what she did to that once great company – and she should be ashamed.  (More to come on that.)

Netflix makes movies and series and streams them around the world. It’s not some secret and mysterious formula. Sure, they’re dabbling in other areas (games, experiences, consumer products, etc.) but it’s not meaningful (Maybe it will be down the line).

Paramount has CBS and NFL rights (!) and 60 Minutes (don’t get me started) and Mission: Impossible and Top Gun and so many Kids Franchises and a huge Library and a 100 Years of History and it’s barely worth 1/70th of Netflix (!)

I get it – industries change, people die, ideas suck… but come on, Hollywood, hang in there. The market cap of most studios in this town are couch cusion money for big tech – and the money is tempting – but, come on, have some pride.

Remember, Bob Iger tried retirement once – he said it sucked. Shari Redstone is about to find that out.

Heading to Herbie Allen’s Sun Valley Mogul Fest tomorrow – should be an interesting week.

Khan Manka, Jr. – Chairman & CEO – Manka Bros. Studios – The World’s Largest Media Company