CHEDDAR
THE FIRST DREAMING MEDIA
COMPANY FOCUS ON FACTUAL
ENTERTAINMENT IS GOING PUBLIC
CURIOSITY STREAM IS MAKING IT
OFFICIAL
THROUGH 8 BACK WITH THE
SOFTWARE ACQUISITION GROUP THE
COMPANY IS OFFICIALLY LIFTED
LISTED ON THE NASDAQ UNDER THE
TICKER SYMBOL SEE YOU
YOU OR I WILL BEGIN TRADING
TODAY, A QUICK DISCLOSURE
CURIOSITY STREAM IS ONE OF OUR
SPONSORS HERE AT CHEDDAR I DO
WANT TO BRING IN THE KLAN
STENCH COMB THE SCENE OF
CURIOSITY STREAM CLINT
WELCOME BACK TO CHEDDAR OF
COURSE WE HAD YOU ON THE SHOW
IN THE FIRST ANNOUNCED
CURIOSITY STREAMS INTENTIONS TO
GO PUBLIC TODAY IS THE DAY.
SO WHY IS NOW THE RIGHT TIME
FOR CURIOSITY STREAM TO GO
PUBLIC. AND ALSO WHY DID YOU
CHOOSE TO GO PUBLIC THROUGH A
SPEC.
>> THANKS SO MUCH FOR HAVING ME
JAIL AND THANKS FOR THOSE GREAT
QUESTIONS SO BUT 2 YEARS AGO WE
RAISE MONEY THROUGH ONE
TRANSACTION AND AT THAT POINT
WE COMMITTED
TO THOSE. INVESTORS WHO PUT A
LOT OF TRUST IN US THAT WE
WOULD BECOME A PUBLIC COMPANY
AND SO WE'RE AT A POINT NOW
WHERE WE HAVE
INCREASED PREDICTABILITY IN
VISIBILITY INTO OUR BUSINESS.
IN THE FORM OF A SIGNIFICANT
RECURRING AND SCALING A REVENUE
AND ALSO IN THE
FORM OF ANNUALIZED DESCRIPTIONS
SO ABOUT 80% OF PEOPLE WHO COME
TO
CURIOSITY STREAM TO SUBSCRIBE
TODAY ARE SIGNING UP FOR OUR
ANNUAL PLAYER, YOU KNOW YOU
DON'T FIND THAT WITH MANY OTHER
STREAMING SERVICES OR ANY OF I
KNOW SO SIGNIFICANT RECURRING
REVENUE ANNUALIZED REVENUE A
LOT
OBLIGATED REVENUE AS WELL AND
YOU KNOW THIS INCREASED
VISIBILITY INTO
THE BUSINESS. WE THOUGHT NOW
WAS THE RIGHT TIME AND YOU KNOW
BEGINNING OF THE YEAR WE
CONSIDERED AN IPO WE CONSIDER
THIS PACK MET WITH SEVERAL
SUSPECTS. WE LOVE THE SPEC
PROCESS BECAUSE IT'S IT'S
PROVIDES MORE PRICE CERTAINTY.
EVEN THOUGH THERE'S
CONSIDERABLE DUE DILIGENCE
LITTLE BIT LESS STRAIN ON THE
MANAGEMENT TEAM. AND AT SAME
TIME WE'RE ABLE TO PROVIDE
FORWARD-LOOKING DOCUMENTS IN
THE SPEC STRUCTURE WHICH YOU
CAN'T IN
AN IPO AND THEN IN ADDITION TO
THAT WE REALLY LIKED HER SPECK
PART. JOHN YOU'RE EMITTING
LIGHT FROM SOFTWARE
ACQUISITIONS CAME FROM THE
STREAMING BUSINESS. SO WE
THOUGHT THEY WOULD HAVE A LOT
TO ABORT REALLY EXCITED ABOUT
THE PARTNERSHIP AND TODAY, JOE
JUST
MARKS A A NEW ERA FOR CURIOSITY
STREAM A GREATER A GREATER WEEK
ACCESS. THE PUBLIC MARKETS AND
WE COULDN'T BE MORE DELIGHTED
HERE.
>> KERRY HAS USED HIM YOU'RE
JUST MENTIONING IS YOU HAVE
SOME OF YOUR
YOUR REVENUE.
>> YOU'RE KNOWN FOR DOUBLING
ANNUALLY
YOU MEANT AND OF COURSE IN THE
SUBSCRIPTION MODEL THAT YOU
HAVE, BUT WHAT IT IS YOUR
SECRET BECAUSE OTHER STREAMING
SERVICES USE A SUBSCRIPTION WHY
DO YOU THINK YOU'VE BEEN SO
SUCCESSFUL.
>> WELL I THINK WE'RE THE ONLY
PURE-PLAY FACTUAL STREAMING
SERVICE WHAT I MEAN BY THAT IS.
WE'RE COMMITTED TO
DOCUMENTARIES IN THE AREAS OF
SCIENCE TECHNOLOGY. HISTORY,
SOCIETY NATURAL HISTORY AND
LIFESTYLE. IT'S REALLY HARD TO
FIND THAT KIND OF CONTENT YOU
KNOW AND HIGHLY CURATED
COLLECTION LIKE WE PROVIDE
TODAY TODAY WE HAVE OVER 3,000
TITLES THAT ARE ABLE ACCESS.
ANY 175 COUNTRIES CAN ACCESS
THOSE STYLES AND SO
IT'S UNIQUE AND YOU KNOW WE
DON'T HAVE A LOT OF COMPETITION
AND WE'RE NOT TRYING TO BE
ANYTHING WE'RE NOT WE'RE NOT
TRYING TO BE YOU KNOW SPORTS
PROVIDER WHERE NEWS PROVIDER OR
GENERAL ENTERTAINING PROVIDER
PART WE'RE TRYING
TO PROVIDE THE FAMILY FRIENDLY
ENRICHING.
SAFE HARBOR
THAT YOU KNOW AS YOU'RE
WATCHING IT EVERY 4, 5, MINUTES
YOU MIGHT SAY SHE SAID IN KNOW
THAT BUT IN THE VERY
ENTERTAINING
ENRICHING WAY.
>> YOU KNOW THE PAST FEW MONTHS
WITH THIS I'M CURIOUS HOW IT'S
IMPACTED.
>> YOUR YOUR VIEWERSHIP IN YOUR
SUBSCRIPTION NUMBERS BECAUSE I
THINK THERE IS PART OF
OF JUST PSYCHOLOGICAL EFFECTS
THAT PEOPLE WANT YOU KNOW MAYBE
SOMETHING LIGHT RIGHT THEY WANT
TO JUST AND SO NOW DONE AND
WE'VE SEEN A RISE OF REALITY TV
AND THINGS LIKE THAT.
ARE YOU FINDING THAT PEOPLE
ALSO JUST WANT
FACTUAL INFORMATION. WHAT HAS
THE PANDEMIC DOES
YOUR VIEW.
>> I THINK WITHOUT A DOUBT
PEOPLE THERE'S SO MUCH NOISE IN
THE WORLD TODAY THAT PEOPLE ARE
LOOKING FOR A FOR A
REFUGE FOR IN THE WAY SAYS WE
HEAR THAT ALL THE TIME FROM OUR
SUBSCRIBERS. YES WE WERE WE
WERE ACCELERATING INTO
THE PANDEMIC THE 1ST QUARTER OF
THIS YEAR WE HAD MORE
SUBSCRIBERS IN THE COMPANY DID
IN THE FIRST 2 YEARS THAT
OPERATION. YOU KNOW WE CONTINUE
THAT THE SET A QUARTER AND UP
TILL NOW AND SO YES, I THINK
PEOPLE ARE LOOKING FOR JUST THE
FACTS, YOU KNOW,
WHICH IS DIFFICULT TO FIND
TODAY THAT SAME TIME YOU KNOW
PEOPLE WANT TO BE
ABLE TO CONSUME IN THE EVENING
AND NOT HAVE THEIR HEAD NOW YOU
KNOW BE ABLE TO GO TO BE ABLE
TO GO TO SLEEP.
AFTERWARD AND SO IN LIGHT OF
THE FACT YOU KNOW WE'VE BEEN
ABLE TO INCREASINGLY INVESTING
IN PROGRAMS. I SAID WE HAVE
BEEN OVER
3,000 TITLES AVAILABLE IF THEY
CROSS THE FULL CATEGORY
FACTUAL ENTERTAINMENT. IT'S
IT'S PROVIDED SOMETHING THAT
YOU KNOW HERE TOO FOR REALLY
HASN'T EXISTED AND WE'RE
DELIGHTED TO GO FORWARD AS A
PUBLIC COMPANY IS THE ONLY
TRUE PURE PLAY FACTUAL PROVIDER
IN THE YOU ARE.
>> MENTIONING, YOU KNOW YOU
WANT PEOPLE TO COME
AWAY SAYING OH I DIDN'T KNOW
THAT YOU CLEARLY THIS IS A
GREAT WAY TO TO JUST BECOME
EDUCATED ARE YOU DOING ANYTHING
TO HELP NAVIGATE REMOTE
LEARNING.
>> WELL, THAT'S A BIG CHALLENGE
RIGHT FOR ANYBODY. THAT'S
THAT'S THAT'S HOME TODAY WITH
KIDS. IT'S A REAL
CHALLENGE AND WE ARE DELIGHTED
TO HEAR THAT PEOPLE CONSIDER
CURIOSITY STREAM A TREMENDOUS
SUPPLEMENTAL RESOURCE THAT IS
YOU KNOW AS THEIR
KIDS ARE YOU FOCUSED ON
CURRICULUM BASED CONTENT IN THE
SCHOOLS, YOU KNOW WHEN THEY
COME HOME THEY CAN FI COMPANION
TIME
SUPPLEMENTAL. CONTENT I THINK
YOU KNOW WE TAKE GREAT DELIGHT
IN THE FACT THAT WE YOU KNOW
HAVE YOU
KNOW ALLEVIATED SOME OF THE
CHALLENGES THE PARENTS OF FACE
TOUGH THROUGH THAT BEING HOME
WITH THEIR CHILDREN AND WE LOOK
FORWARD TO CONTINUING TO DO
THAT.
>> THE STREAMING SPACE JUST
CONTINUES TO GET.
>> MORE
ANY CONCERN THAT IT'S IT'S JUST
SO SATURATED RIGHT AND AND IS
IT JUST THE FACT THAT YOU'RE SO
FACT BASES THAT WHAT
DIFFERENTIATES YOU FROM
FROM THERE.
>> PASSED WITHOUT A DOUBT WE'RE
NOT TRYING TO BE A THING OR NOT
YOU KNOW WE'RE NOT SPORTS WE'RE
NOT GENERAL ENTERTAINMENT WE'RE
NOT SCRIPTED PROGRAMMING WE'RE
NOT REALITY
WOULD JUST YOUR PLATE
TRADITIONAL FACTUAL
ENTERTAINMENT SCIENCE
TECHNOLOGY HISTORY.
NATURAL HISTORY. LOOK THERE'S
LOTS OF CONTENT PROVIDERS THAT
NIBBLE AROUND THAT SPACE BUT
THERE'S NOT ONE WHERE YOU CAN
GO TO TODAY
AND FINDING AGAIN OVER 3,000
HIGHLY CURATED TITLES THAT ARE
COMPLETELY
COMMITTED TO ENRICHING AN
ENCHANTING ENTERTAINMENT.
SO WE LIKE THAT AND IT ALSO YOU
KNOW LOOK THE OTHER. THE
OTHER WONDERFUL. YOU KNOW THE
OTHER WONDERFUL ATTRIBUTE IT TO
THE STATE CONTENT IS THAT IT
TRAVELS WELL AROUND THE WORLD
SO I'M SAYING AL A GATORS THE
SAME IN. INDIA AS IT IS IN
INDIA, SAME IS TRUE FOR FOR AN
ADULT OR SATURN OR
YOU KNOW A BIG CAT OR WHATEVER
THE CASE MIGHT DAY SO AND
THANKFULLY, YOU KNOW CONTENT
TRAVELS WELL WE HAVE
YOU KNOW SUBSCRIBERS AND OVER A
170 COUNTRIES TODAY. AND LIKE
>> JUST CURIOUS BECAUSE WE'VE
BEEN SHOWING SOME OF THE VIDEO
FROM FROM SOME OF YOUR
PROGRAMMING LOT WHILE
YOU'RE TALKING. WHAT HAS BEEN
THE
MOST POPULAR. SHOW OR OR
DOCUMENTARY THAT YOU HAVE
DURING THIS PANDEMIC AND IS IT
SURPRISING TO YOU ALL WHAT
PEOPLE ARE FLOCKING TO
RIGHT NOW.
>> I'M NOT SURPRISED THAT THE
ONE NICE THING ABOUT OUR
OFFERING IS IS IT'S QUITE DEEP
AS THOSE HEAVY QUANTITY AND
PEOPLE WATCH YOU KNOW ACROSS
THE 3100 TITLES THAT SAID SOME
OF THE MORE POPULAR PROGRAMMING
THROUGH THE PANDEMIC THE
HISTORY OF HOME WITH NICK
OFFERMAN YOU KNOW THAT'S
BROUGHT IN YOU KNOW AN AUDIENCE
THAT HAS SPANNED WIDE AGE GROUP
OBVIOUSLY NEXT FANTASTIC,
YOU KNOW, PEOPLE KNOW HIM FROM
A PARKS AND REC AND MANY OTHER
SERIES HAS BEEN
ASSOCIATED WITH. YOU KNOW DAVID
ATTENBOROUGH SAND MOUNTAIN
CONTINUES TO DELIVER GREAT
VIEWERS ME DAVID ATTENBOROUGH
IS 94 YEARS OLD TREMENDOUS.
TREMENDOUS NATURALS YOU KNOW A
TRUE WORLD IT HISTORY
OF FOOD THAT COULD CONTINUE TO
DO QUITE WELL FOR CO-PRODUCTION
WITH THE NHK CALLED OUT OF
THE CRADLE DOES THIS QUITE WELL
SO THE BEAUTY YOU KNOW WE HAVE
THE ORIGINAL PROGRAMMING THE
PRESS TENDS TO WRITE ABOUT AND
IT TENDS TO MAKE PEOPLE AWARE
OF CURIOSITY STREAM BUT WHAT
KEEPS PEOPLE ENGAGED IN INCH
AND IT IS THE BREADTH AND ARE