A long-running animated comedy series has mocked the volatility of cryptocurrencieson several occasions. Now, anew made-for-streaming movie mocks the crypto industryand the celebrities who were used in advertisements.<\/p>\n
What Happened: A new streaming special called The Streaming Wars Part 2 from South Park takes on cryptocurrency.<\/p>\n
The movie airs on streaming platform Paramount+ from Paramount Global PARAPARAA.<\/p>\n
According to Decrypt, the new movie goes after celebrities including Matt Damon, Gwyneth Paltrow, Reese Witherspoon, Larry David and Naomi Osaka, who have promoted cryptocurrency.<\/p>\n
The movie mainly takes on Damon, who famously starred in a commercial for Crypto.com that featured the tagline fortune favors the brave.<\/p>\n
In the new movie, the ad from Crypto.com is recreated except instead of holograms of famous moments in history, there is now recycled water.<\/p>\n
We are living in a severe drought. There simply isnt a choice anymore, Damon says in the movie.<\/p>\n
Instead of promoting Bitcoin BTC\/USD, Damon is now pedaling a very different product.<\/p>\n
Hi, Im Matt Damon. Youve heard me talk about the wonders of cryptocurrency and now theres a company that can give us that new source: Pipi Water!<\/p>\n
The advertisement shows Damon watering his lawn with the new liquid, using it for showers, and enjoying a pint to drink. Other celebrities also endorse the new product.<\/p>\n
The Streaming Wars Part 2 is the fourth television film for South Park.<\/p>\n
Related Link: Super Bowl LVI Becomes Crypto Bowl With Commercials, Ad Campaigns For Big Game<\/p>\n
Why Its Important: This isnt the first time Damon has been the target of South Park creators Trey Parker and Matt Stone. Damon was a featured character they poked fun at in their movie Team America: World Police.<\/p>\n
South Park also took on cryptocurrency and Bitcoin in the 2021 South Park special movie episode Post COVID. In a scene that showed the characters 40 years in the future, Stan was at a hotel and asked to pay in Bitcoin. The movie aired on Paramount+ on Nov. 25, 2021.<\/p>\n
Its the future, weve all decided centralized banking is rigged, so we trust more in fly-by-night Ponzi schemes, a clerk tells Stan.<\/p>\n
Damon was also referenced in a 2022 episode called Pajama Day with one of the main character's classmates saying, My dad said he listened to Matt Damon and lost all his money.<\/p>\n
Bitcoin was trading at over $57,000 back on Nov. 25, 2021 when the show first referenced the cryptocurrency.<\/p>\n
At the time of writing, Bitcoin is trading at $20,947, making it an easy target for the comedy show.<\/p>\n
Parker and Stone signed a deal with Paramount in 2021 for six more seasons of South Park that also included the addition of 14 movies for the Paramount+ streaming platform. The duo said new streaming platforms made it easier to make new movie content for the show.<\/p>\n
Paramount+ is one of several streaming platforms that saw a rise in subscribers in the first quarter, a quarter that saw Netflix Inc NFLX report its first subscriber loss in over 10 years.<\/p>\n
Additional exclusive movies for well-known Paramount shows being added to Paramount+ could help the streaming platform grow.<\/p>\n
PARA Price Action: Paramount shares were up 4% to $25 on Friday.<\/p>\n
Photo: Courtesy ofClive Varleyon Flickr<\/p>\n
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