What was he thinking?
Jerry Seinfeld could have picked anywhere to make his hit show, Comedians in Cars Getting Coffee. So why did the star of one of the most popular TV shows of all time make a Web series – one that features him picking up comics in classic cars and taking them out to banter over coffee – and then put it on Crackle, a network few people had ever heard of?
Seinfeld explained his thinking in a phone interview with The Associated Press. The interview has been edited for brevity.
You could have taken this show anywhere. Why did you choose to do it as a Web series?
Artists are always looking for new things and fresh ground and fresh air. If it feels new to me, there’s a chance it’ll feel new to the audience and we’ll have found something. Having done quite a bit with studios and networks, I thought if I’m going to do something new and unformed, it would be fun to do it in a completely new space and place. The space being the Internet and the place being Crackle.
Did you shop this around to other online places, like Netflix or HBO?
To be honest, none of them offered the creative freedom I wanted but Crackle. Some people I talked to said, “I love the show, I’d like to put it on our service, but we want to decide which comedians you should have on.” I guess they would know who was funny better than me. I don’t want to be in a relationship like that. That’s a fight before you even open the door.
None of the episodes have a fixed length. Is that what you mean by freedom?
One of the wonderful things about this medium is it doesn’t have these predetermined templates and you can shrink wrap the content over what you think is the best show. That isn’t available on TV networks. On the Internet, it’s like “Don’t show me more than you’ve got. If you’ve got 3 minutes, show me 3 minutes. Don’t pad it. Don’t pump air into it.”
You’ve said on the show that your kids watch everything on their phones.
To me, smartphones came out. Maybe a couple years after that, I went, “That’s a TV.” Maybe people were uncomfortable calling it a TV. To me, what’s the difference? It’s pictures through the air, that’s what television means.
I heard the show kicked off with a single Facebook post.
We didn’t promote it and just kind of threw it out there. What’s fun now is when you see something someone else hasn’t. We made it a thing that the Internet itself would self-promote, because the medium is so fluid. People would take it and share it and send it. The whole thing just seemed like a fun new game. No one has seen anything anymore. If you see something and you love it, good luck finding someone else who has seen it. It’s just a different way of consuming media right now. These movies that make a billion dollars? I can’t find one person that’s seen it. It doesn’t matter, it’s just a different paradigm.
Some of the hacked documents said Sony was preparing to give or sell you a 10 percent stake in Crackle, worth tens of millions of dollars. Is that true?
I really like being there, I’m really happy there and we are talking about different ways that we can work together. Those talks are ongoing.
Your show only has one sponsor. Why is that?
My show has a sponsor, Acura, who has been wonderful to us. So that’s how we made it into a modest business. It just enabled us to go forward and now we’ve found a nice audience. I like it because it’s only one person to deal with. It gives the show a kind of clean feel.
It sounds like at this point in your career, fewer headaches is a bigger motivator than big bucks.
For people on my side of the cubicle, the goal is always creativity. Spending your time overcoming corporate resistance to creativity – I just don’t want to do that. The only way a show works is you find people who you think are qualified and talented and you give them a chance to do what they do. Interfering does not increase the odds of success. If they’re giving you money, they want to come into the sandbox ... but that ruins it. Having fun is a very particular skill. And not everyone has that skill.
It does seem like you have a lot of fun.
We have tons of fun. There’s really not much to making it. I don’t really prepare anything. The fun part is assembling it afterwards.
Where do you get your car ideas?
I’ve been car crazy my whole life, since I was nine years old. It’s just something I’m very aware of.
Do you drink a lot of coffee?
A lot of coffee. I didn’t start drinking until a few years ago, more now that I’m doing the show. I love the kind of simplicity. To me, you don’t need a lot to have a good time. I think vacations are mostly completely stupid. Going to have coffee with a friend, you’re probably going to have more fun than if you go to Aruba.
Any exciting guests for next season?
There’s a couple of really big gets that surprised even me.
I was thinking, you’ve interviewed so many great comedians. Who’s left?
There are some other venues as well that we’re exploring. They have to be people that I think are funny. They might not be professional comedians, but they have a sense of humor about them.
artslife@thenational.ae
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
THE BIO
Favourite author - Paulo Coelho
Favourite holiday destination - Cuba
New York Times or Jordan Times? NYT is a school and JT was my practice field
Role model - My Grandfather
Dream interviewee - Che Guevara
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE
Name: Grubtech
Founders: Mohamed Al Fayed and Mohammed Hammedi
Launched: October 2019
Employees: 50
Financing stage: Seed round (raised $2 million)
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UAE currency: the story behind the money in your pockets
MATCH INFO
Barcelona 4 (Suarez 27', Vidal 32', Dembele 35', Messi 78')
Sevilla 0
Red cards: Ronald Araujo, Ousmane Dembele (Barcelona)
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Married Malala
Malala Yousafzai is enjoying married life, her father said.
The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.
Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.
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What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.
The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash.
The%20specs
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
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