back to indexAll-In Summit: In conversation with Gwyneth Paltrow
Chapters
0:0 Besties welcome Gwyneth Paltrow to All-In Summit ‘23!
1:49 Is Gwyneth in love with David Sacks?
3:20 Why entrepreneurship?
5:4 This is 50
7:27 Podcasting
7:58 Is your business a team or a family?
10:11 Challenges of being a celebrity CEO
11:7 Cancel culture
13:10 The future of Hollywood
16:28 Generative AI
19:43 Cost inflation in the entertainment industry
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But interestingly learned about a year and a half ago 00:00:50.740 |
without these things at this point, so forgive me. 00:00:53.580 |
- I'm just curious, thanks for zooming in here. 00:01:07.100 |
in the Goop newsletter and said it's your latest obsession. 00:01:14.300 |
we all get like a hundred inbounds when you do that. 00:01:25.820 |
who's really proud of it, but I thought, okay, 00:01:29.100 |
And I put it on and honestly, you guys are the only thing 00:01:45.260 |
and I really feel very honored that you have me on. 00:01:50.260 |
You know, my husband, the little bonus contention 00:02:06.540 |
- I heard that I was the favorite bestie, but-- 00:02:26.060 |
I wanted to ask you, of all the things you've done, 00:02:32.140 |
which really spanned from the independent film era 00:02:34.660 |
all the way to the blockbuster superhero era. 00:02:37.140 |
Obviously, Goop and the tremendous success there 00:02:43.900 |
And then, I'm wondering, I know you get harangued 00:02:46.660 |
by all the Marvel fans to play Pepper Potts again, 00:03:01.480 |
I've been incredibly fortunate in that I've had this 00:03:08.400 |
And it's been really, it's been just thrilling 00:03:17.520 |
And I would be hard-pressed to pick a favorite. 00:03:27.000 |
She's gotten a lot of notoriety and built an audience 00:03:48.880 |
and get paid to put your stamp on other products 00:03:51.280 |
that were already in market and help us think about 00:03:53.920 |
the intention on being an entrepreneur and an owner 00:03:56.560 |
instead of being an endorser and a service provider? 00:04:07.760 |
and put our name on something more white label. 00:04:12.920 |
Like I just really wanted to try to build something 00:04:25.040 |
It really just started with me kind of writing content 00:04:32.440 |
And the business models, there've been a few of them. 00:04:39.040 |
and then moved into product and then making our own product. 00:04:46.160 |
so much about acting was the part where you're kind of 00:04:48.440 |
waiting around, waiting for permission to engage, 00:04:52.440 |
to create something, to put something out in the world. 00:04:56.960 |
And I love my acting career, but I find this like 00:05:00.640 |
incredibly fulfilling in a much different way. 00:05:06.160 |
I know I listened to your pod and I've been watching 00:05:10.440 |
It seems like aging and kind of living our best lives 00:05:17.640 |
I'm curious what you think about this having multiple 00:05:24.200 |
and living your best life in your fifties and your sixties. 00:05:27.840 |
People are staying healthier longer skiing into their 00:05:32.320 |
I know that was a bit of a distraction this year for you. 00:05:42.120 |
I mean, the best part of it was when you walked out 00:05:45.360 |
of the case and you put your head on his shoulder, 00:05:49.080 |
You were very kind and magnanimous, but maybe talk 00:05:52.240 |
about just how great it is to be able to just keep 00:05:55.480 |
having this healthy lifestyle and what you're doing 00:05:57.880 |
on the pod, because I'm watching you intellectually 00:06:01.240 |
go from shorter to longer to longer and more in depth 00:06:13.560 |
- That's her way of saying you're full of shit. 00:06:15.640 |
- You know, I think what I've watched over the span 00:06:25.640 |
of this kind of 15, kind of general curiosity in wellness 00:06:30.640 |
and this idea that we can impact the way that we feel. 00:06:35.480 |
I think, you know, we were a little bit early 00:06:40.840 |
and I really am so happy to see people understanding 00:06:48.200 |
and what they eat really impacts how they feel, 00:06:50.440 |
the quality of their relationships and everything. 00:06:52.680 |
And I think it's, it only intensifies in your fifties, 00:06:57.600 |
I think, when you start to understand that life really 00:07:03.000 |
you can't conceptualize that when you're 26 years old. 00:07:05.560 |
And so I'm glad that I feel bullish about aging, 00:07:10.720 |
you know, I definitely want to do whatever interventions 00:07:14.480 |
I can to feel good and happy and live a long life. 00:07:19.920 |
I wanna live a long time and meet their kids. 00:07:22.120 |
And I think the pod, the Goop pod is just a way for me 00:07:27.000 |
to learn more about kind of what's out there. 00:07:35.040 |
And so for me, it's just a wonderful opportunity to learn. 00:07:44.480 |
It's the only one that I listen to every week 00:07:49.760 |
And you guys, I think, are bringing this amazing 00:08:02.480 |
you heard us talk a lot about Brian Armstrong's memo. 00:08:10.360 |
Now both are sort of in one end of the spectrum, 00:08:23.360 |
Can you just describe where you are on that spectrum 00:08:25.880 |
and some challenges or things that you've had to go through 00:08:30.680 |
relative to how those guys would have run their companies? 00:08:37.200 |
the most unexpected challenge is the people piece, 00:08:47.560 |
with every single member of the team every day, 00:08:55.320 |
And I think for us, I think it's hard, right? 00:08:59.480 |
Like I'm a woman founder, our team is probably 70% women. 00:09:04.480 |
Women, archetypally, we're collaborative, we are creative. 00:09:15.320 |
it would be impossible for there to be this kind of 00:09:21.920 |
I think we do bring our hearts to what we do. 00:09:24.360 |
There's meaning at what we're trying to create. 00:09:35.360 |
at all the mistakes that I've made in growing this company, 00:09:38.520 |
all of them stem from my wanting to be a family, 00:09:46.400 |
my inability to sometimes say what needed to be said 00:09:56.960 |
And I think that I'm sort of starting to really get the hang 00:10:31.880 |
I think people come in and I've been in the culture 00:10:35.800 |
for better or worse for a really long time now. 00:10:40.160 |
they're coming in with, a prejudice or a projection. 00:10:55.360 |
you can feel like they drop that really quickly. 00:11:07.600 |
- Is Hollywood challenged in being able to speak its mind? 00:11:17.920 |
and you're very quickly canceled if you say the wrong thing 00:11:26.040 |
to be kind of an inherent challenge in Hollywood today? 00:11:42.520 |
I mean, I have a whole long theory about this, 00:11:49.720 |
there's a very binary way we look at good and bad. 00:11:53.240 |
And I think we put a lot of pressure on ourselves 00:11:57.840 |
that we are human, we are all light and dark. 00:12:01.840 |
And at various times we have great qualities, 00:12:10.160 |
where we're allowed to sort of show our shadow sides, 00:12:14.160 |
when somebody else does something that, you know, 00:12:20.640 |
we sort of jump on it because it feels like a release. 00:12:27.920 |
And I don't think it gets us very far as a culture. 00:12:34.200 |
And I'm hoping that we're gonna kind of mature 00:12:37.440 |
out of this binary cancel culture way of looking at things. 00:12:55.040 |
get yourself in trouble or say something stupid. 00:13:05.560 |
but I don't think that that's always a bad thing. 00:13:21.600 |
It feels like you're a part of the last generation 00:13:27.520 |
are huge cinema buffs and fans of what you do. 00:13:34.560 |
- Chemop, he like popped, Chemop texted me like, 00:13:39.840 |
- Well, no, I tell you to watch something really great 00:13:45.080 |
"it's got seven Oscar nominations, I'm sorry." 00:13:57.680 |
- Speaking of great film. - It was incredible. 00:14:09.720 |
- You are setting the agenda for Hollywood now, Chemop. 00:14:19.760 |
and I wonder if it's heartbreaking for you too. 00:14:28.040 |
but maybe you could talk a little bit about the end of-- 00:14:30.800 |
- Yeah, what should the unions be fighting for? 00:14:41.040 |
Your old compatriots must need a lot of help and guidance 00:14:46.360 |
So yeah, how do you think about the future of Hollywood? 00:14:54.440 |
- Yeah, I mean, I think we're at an incredible inflection 00:14:57.520 |
point and to start with your question, J. Cal, 00:15:02.520 |
the inherent models of the business have changed so much 00:15:07.600 |
I do think that it brings up really interesting questions 00:15:13.120 |
around like, what does this mean for artists going forward? 00:15:17.000 |
The business isn't monetized the way that it used to be. 00:15:38.280 |
that just are going to change the way that things are made. 00:15:41.760 |
And so I think, look, as you said, I'm kind of out of it. 00:15:52.320 |
who knows far more about the ins and outs of this. 00:16:02.440 |
it's like with anything, when an industry led by, 00:16:04.960 |
first these technology, streaming, and now AI 00:16:13.760 |
and these things that are coming around the corner, 00:16:19.560 |
and understand that the train has left the station. 00:16:32.280 |
on generative art, generative film, where we're headed? 00:16:42.440 |
my actor friends are very concerned about the idea that, 00:16:47.800 |
that they could decide to make "The Royal Tenenbaums 2." 00:16:52.800 |
And because I don't own my IP, Disney owns that IP 00:16:58.920 |
that they could just theoretically create a sequel 00:17:07.680 |
So that's kind of what the actors, where they go. 00:17:10.760 |
For example, I invested in a company called Speechify 00:17:15.600 |
You can, I don't know if you guys know the company. 00:17:17.160 |
- I use it and you can read "The New York Times." 00:17:20.200 |
You're one of the official voices on Speechify. 00:17:22.520 |
- So, I read a bunch of stuff into a microphone 00:17:28.600 |
And now if you wanna read Walter Isaacson's new book 00:17:34.160 |
is gonna be the first person in line to buy that book. 00:17:40.280 |
So in that case, I said, I'm licensing it to you 00:17:47.520 |
if that wasn't the case, it could be a free for all. 00:17:52.520 |
That's kind of what, that's what the actors are worried 00:18:00.080 |
they seem to be less worried about the AI piece right now 00:18:05.680 |
because it's so nascent and obviously it's mining things 00:18:09.080 |
And I think art that resonates with people comes 00:18:13.840 |
from new ideas and new ways of creating resonant 00:18:20.560 |
And I think we're always gonna need people for that. 00:18:25.240 |
so I don't think, I don't find writers behind closed doors 00:18:39.640 |
which is like, I don't really wanna be on strike 00:18:46.000 |
that's kind of like protecting me from a word processor 00:18:49.920 |
I mean, I think these AI tools are gonna be really useful 00:18:53.000 |
It's gonna be kind of crazy to say that writers can't use 00:18:57.000 |
generative AI tools in their research or writing 00:19:02.880 |
I think actors should be able to control their name 00:19:05.200 |
and likeness and make licensing deals for that, 00:19:09.000 |
But I think, but I do think there's like a little bit 00:19:14.520 |
I think they're way too concerned that writers rooms 00:19:24.280 |
where people are really afraid that AI's just gonna replace 00:19:28.680 |
And I think our view is, at least for the foreseeable future 00:19:33.840 |
where it's a human working with the software, 00:19:45.360 |
So part of revitalizing maybe the movie industry, 00:19:49.160 |
but a lot of these industries is just that sometimes 00:19:52.680 |
the costs of making these things just get really 00:20:03.000 |
and then all of a sudden one producer is suing the other. 00:20:05.280 |
All of this stuff, at some level just boils down 00:20:08.280 |
to there's just massive cost inflation that exists 00:20:14.200 |
Nine people doing a job that one person, et cetera. 00:20:28.640 |
don't become so exorbitant that it just kills the industry 00:20:40.680 |
And it's one of the reasons that I feel so frustrated 00:20:50.080 |
and it does feel like there's a lot of padding. 00:20:52.440 |
But again, the systems that exist have been in place 00:21:03.120 |
I don't really wanna opine on the state of unions per se. 00:21:13.920 |
like if I was running a store with efficiencies 00:21:16.640 |
and I would rather create profit for shareholders 00:21:33.560 |
- As somebody who did movies in this incredible golden era, 00:21:43.680 |
And then this golden era of television arrived 00:21:50.040 |
And I know your husband's participated in that meaningfully. 00:21:57.600 |
'cause they keep trying to get movie stars to do TV shows. 00:22:02.560 |
Are there any you passed on that we could hear about? 00:22:05.560 |
What would it take to get you to do one of those TV shows? 00:22:12.940 |
- My mother says, who's also a great actress, 00:22:20.760 |
She says, "It's not ladylike and I can't do it in public." 00:22:30.120 |
What would it take to, and have you considered it? 00:22:43.840 |
- I assume meeting like in the next two hours 00:22:53.260 |
Obviously they added all these diversity rules 00:22:59.240 |
And we heard from Larry Summers earlier today. 00:23:03.320 |
'cause there was a lot of great conversations. 00:23:12.320 |
not achievement coming, or I don't wanna butcher it. 00:23:18.840 |
that we aren't really earning the credit we get. 00:23:22.340 |
And we risk seeing the best things not always win. 00:23:31.100 |
that might keep the best film out of the Best Picture 00:23:34.640 |
nomination because it doesn't fit these new diversity rules, 00:23:38.800 |
How does Hollywood behind closed doors talk about this? 00:23:43.600 |
give the awards for the Best Pictures every year? 00:23:47.240 |
- You know, Kratenberg, I honestly don't even know. 00:23:53.840 |
I don't even know about these new diversity rules. 00:24:00.720 |
- Yeah, that's the whole point of the podcast. 00:24:07.960 |
- I have a question which is, back to Goop for a second. 00:24:11.760 |
This is like this theme this afternoon a little bit. 00:24:14.920 |
With Alex, with you, with Jimmy who we're gonna talk about 00:24:20.400 |
You guys create formats that engage an audience. 00:24:31.640 |
Is it merch and chess related things for Alex? 00:24:34.940 |
I'm sure that you and your team are looking at 00:24:38.760 |
what are these areas that are just so brittle 00:25:00.160 |
Like I kind of do it more from the inside out. 00:25:36.240 |
- Well, I'll tell you, her comment about waiting around 00:25:45.400 |
- Dolly and Thank You for Smoking, congratulations. 00:25:47.840 |
- And if you talk to anybody who's ever visited a movie set, 00:25:56.320 |
It's a lot more boring than they thought it was gonna be. 00:25:58.640 |
And there's a huge amount of time waiting around on sets 00:26:03.640 |
They have to move the lights around or whatever. 00:26:05.640 |
So I'll tell you, with Dolly, the Dolly movie we did, 00:26:10.160 |
they would do like an eight to 10 hour shooting day. 00:26:14.040 |
which is all the material they shot in a link. 00:26:30.480 |
- You're watching five takes of every angle or whatever. 00:26:33.380 |
So there is a huge amount of just sort of boredom on a set. 00:26:43.400 |
And I think you're going through one of the first 00:26:49.880 |
and I think she had a lot of iteration along the way.