In our Top 17 for 2025, we predicted the outcome of every major sports deal that will be decided in 2025. At the time we said “the dominos start with Disney/ESPN.” Disney’s ESPN is the incumbent on all three major 2025 sports rights deals, with each at a critical juncture in early 2025: The importance…
When Fox reported earnings earlier this week, Fox CEO Lachlan Murdoch stated the company was set to launch a DTC service later this year, encompassing all of Fox’s news, sports and entertainment content. To date, Fox has resisted any and all efforts to offer its linear TV content outside the multichannel video bundle to protect…
2024 is the year everything clicked for Roblox. It did not start out that way. Following Q1 2024 results, the stock sunk below $30, as Q1 bookings growth slowed below the 20% annual target the company gave at its investor meeting just months before and the guidance for the year showed further deceleration. In hindsight,…
Comcast and Charter have called fiber overbuilds “uneconomic” and wireless broadband competition “cell phone internet”. But both competitive products continue to persist. Yet, even with contraction in their broadband subscriber base, Comcast promised minimal revenue growth thanks to price increases that would lift ARPU 3-4% per year. That appears to be over. Now they will…
Two topics have dominated TMT conversation the past few months: the economic and humankind impact of AI and the power and safety of the United States under a new administration grappling with increased global threats. Generative AI is beginning to change the way we work and consume information. However, it is the promise of much…
Earlier this week, we joined the Prof G Markets podcast with hosts Scott Galloway and Ed Elson to discuss why we believe TikTok survives, who benefits the most if we are wrong and TikTok disappears, why legacy media companies waited far too long to exit cable networks, how Zaslav has surprised his critics, Ellison’s unique…
Here are our 12 key questions for Netflix management on today’s Q4 2024 earnings discussion (our Q3 2024 questions can be found here). 1) How impactful can the 2025 content slate be on net adds and/or pricing power? You have talked openly about 2025 being Netflix’s strongest content slate ever on paper. At your scale and…
We continue to believe the Supreme Court will grant an administrative stay (or possibly an injunction) to prevent PAFACA from taking effect on January 19th. However, even if we are wrong and the Supreme Court upholds PAFACA, it feels increasingly likely that President Biden will exercise his ability (written into PAFACA) to delay the law…
Everyone is asking us what happens to TikTok. Here is a summary and analysis of the possibilities as we approach January 19th. We have also pulled out some interesting quotes from the Supreme Court oral arguments. 1) Biden: The last thing the Democratic Party needs right now, after being left in shambles by the recent…
Welcome to the Fourteenth Edition of the LightShed Earnings Scorecard, our analysis of the quality of earnings calls. This quarter, we tracked 75 companies, one fewer than last quarter, adding AppLovin and removing Frontier and MSG Sports. The Impact Of AI Artificial Intelligence remains a dominant topic, with mentions in nearly two-thirds of the calls…
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