One week remains before the start of the State AGs court case against the Sprint/T-Mobile merger. We believe the odds that T-Mobile is able to secure a settlement before the trial begins are low, although the company will likely be pushing hard even in the final hours before the trial starts. In a separate proceeding, Judge Timothy Kelly, a Trump appointee, has still not signed off on the DOJ’s merger settlement with T-Mobile. This Tunney Act review is typically routine, … Continue reading Can T-Mobile Clear The Tunney Act Review Ahead Of The Big Trial Next Week?
As we head into Thanksgiving weekend and with Q3 2019 earnings season for TMT a couple weeks behind us, we thought it would be helpful to pull out the most interesting, surprising and cringeworthy management quotes from Q3 earnings calls with some brief thoughts/snark tied to each quote in italics. #enjoy. Thematically, the most significant takeaway from earnings calls in Q3 was that legacy media has finally accepted that the multichannel video bundle is in secular decline. Interestingly, every legacy media … Continue reading Our Favorite Quotes from Q3 2019 TMT Earnings Calls
In March 2019, Instagram officially launched the ability to buy directly within the Instagram app — what Instagram called Instagram Checkout. Instagram Checkout enabled users to complete their entire purchase within the Instagram platform, eliminating the need to be sent to a third-party website (you can read Instagram’s blog post here). After your first Instagram Checkout purchase, Instagram stored your billing and shipping information, making it even faster/more efficient to make future purchases. Why Is Instagram Checkout So Important? Instagram … Continue reading World’s Most Powerful Mall: We Found 78 Brands You Can Buy Directly on Instagram
We believe the FCC’s decision to conduct a public auction of C-Band spectrum will result in material delays in making important upper mid-band spectrum available for 5G. (Link) We are hopeful that the FCC can salvage the fate of C-Band spectrum through negotiations with existing license holders, but we are not optimistic given the lack of flexibility in how auction proceeds can be used, the complexity of the process and the persistent political noise. So what’s next for the FCC, … Continue reading Can Ligado Address Verizon and T-Mobile’s 5G Spectrum Needs?
Disney is moving aggressively into the future and leaving its large, legacy broadcast TV and cable network assets behind, even if their actions hasten the decline of multichannel television. Disney Chairman and CEO, Bob Iger, and his likely successor Kevin Mayer, who runs Direct-to-Consumer and International, have clearly decided that the legacy multichannel bundle is no longer worth protecting as we enter a #postbundle world. Note: Mayer is set to be interviewed later today at the #codemedia conference. Think about … Continue reading Whoa: Hulu Telling Subs to Downgrade to On-Demand as Live TV Price Escalates
If the FCC announces a public market auction of C-Band spectrum this week, as many investors now expect, it is likely to complicate and materially delay the availability of spectrum that has been globally identified as a primary 5G spectrum band. In addition, if Chairman Pai makes the announcement of a public auction before auction legislation is enacted, it is unlikely that the proceeds could be used to pay for an offset in legislative spending. In that scenario, it would … Continue reading When Would An FCC Auction Make C-Band Spectrum Available For 5G And Who Gets The Money?
24 hours after launching Disney+, Disney issued a press release (link) indicating that they had already reached 10 million subscribers — a staggering number that illustrated the power of the Disney brand and a clear sign of pent-up demand for the product after the most aggressive marketing campaign we have witnessed in our 23 years covering The Walt Disney Company. Now, the far more important question is can Disney+ hold onto the huge number of early subscribers and continue to … Continue reading Burn and Churn: Why are Google Searches for Cancelling Disney Plus 4x Netflix?
Senator John Kennedy from Louisiana has been a vocal critic of a private auction of C-Band spectrum and has voiced those concerns to the President. That is not new. However, we believe the administration continues to be more interested in winning the Race To 5G and will support the determination of its appointee, FCC Chairman Ajit Pai. We are also skeptical that Senator Kennedy can gain support from fellow members to sign a new Bill that would handicap a federal … Continue reading Will FCC Chairman Pai Allow The Race To 5G To Be Derailed By Politics?
While all eyes are on today’s launch of Disney+ (link), we are increasingly fixated on Disney’s decision last week to begin airing FX programming on Hulu in March 2020, just hours after it airs on linear television within the legacy multichannel bundle (with FX set to become the largest content supplier to Hulu, answering one of the key streaming strategy issues we had for Disney, see #3, link). Last week, Disney Chairman and CEO, Bob Iger stated: “FX on Hulu … Continue reading Disney Acknowledges Legacy Bundle is Dead, and No, Not Talking Disney+
The Wall Street Journal reported that T-Mobile CEO John Legere is negotiating a job as CEO at WeWork. It was also confirmed by Fox Business’ Charlie Gasparino. Nevertheless, this story makes little sense to us and we think T-Mobile and SoftBank should deny its veracity, immediately. Legere is certainly qualified to take the WeWork CEO position, perhaps over-qualified given his track record. There would also be significant financial incentive for Legere to accept, given its well heeled owner. However, it’s … Continue reading T-Mobile and SoftBank Should Immediately Deny That Legere Will Take WeWork CEO Spot