Viacom and CBS Vice Chair Shari Redstone talks with Recode's Peter Kafka at
the 2017 Code Conference about the venture firm she co-founded in 2011,
Advancit Capital, and why it operates outside of her other companies. She says
her biggest mistake there was not investing in Twitch in 2011 because she
thought the video game-streaming company was already too highly valued.
Redstone also discusses how content companies like Viacom are facing the
challenges of the digital age and why they don't necessarily need to sell
themselves off, as Time Warner is trying to do. She says she's not too worried
about tech companies like Twitter, Google and Facebook making bids for the
rights to NFL games, which CBS has locked up for several years.