Here are the eight key questions investors should be asking management on tonight’s Netflix Q3 2021 earnings interview (our Q2 2021 questions can be found here). 1. UGC vs. Professional Video Game Content. Translating Netflix show and movie IP to interactive is an important part of your games strategy. In the case of Roblox, it is…
In our June 2021 post, New SVOD Entrants All Making Critical Mistake: Optimizing for Wrong Outcome(s), we stated: Bottom Line: tech companies are using content and programming to capture even more time spent per day driving addiction to their platforms, whereas legacy media companies are all now trying to become tech companies but they are…
We have long believed the regional sports network (RSN) business model was not sustainable. RSNs’ cost structures are tied to team licensing agreements that escalate annually. At the same time, RSN distribution is dwindling due to cord-cutting and exacerbated by MVPD/vMVPD carriage drops. MVPD/vMVPD’s are demanding that RSNs agree to be tiered, similar to premium…
We are unveiling the LightShed Earnings Call Scorecard ahead of Q3 earnings because it is time to hold companies accountable. The value of quarterly earnings calls continues to degrade. Time is wasted on lengthy prepared comments, including some companies that actually read their press release! What’s more pathetic, however, is how companies control Q&A sessions…
We are initiating coverage of KORE Wireless with a Buy rating and a $14 price target. It completed its SPAC transaction with CTAC, a stock we also recommended with a $14 target. Since our CTAC initiation, Kore reported solid numbers. We originally expected KORE’s revenue growth to accelerate to 13% in 2021. We now expect…
Next week, the FCC is kicking off another spectrum auction. This one hasn’t attracted as much attention as the $80 billion C-Band auction, but it could enable AT&T and Verizon to continue to close the spectrum gap with T-Mobile. We expect all four national wireless operators to actively participate, driving bids over $30 billion. We…
In our 2018 Legacy Media Jenga blog, we talked about the dangers of licensing sports rights to tech platforms: “might be positive for the leagues/owners short-term, however, what happens if the tech platforms simply turn around a few years later and say, we overpaid, it is not worth that much to us or we simply…
Earlier this month, we had the opportunity to speak at the APOS 2021 Virtual Conference, the premier event for the Media, Telecom and Entertainment industries in Asia, created and hosted by Media Partners Asia (MPA). Vivek Couto, Executive Director & Co-Founder, Media Partners Asia has given LightShed permission to showcase the closing session with Couto,…
The latest iPhone is out. That’s still a major event for wireless operators and typically sets the tone for the competitive landscape heading into Q4. We talk about the promotions, replacement cycle trends, T-Mobile’s transition to follower and why your iPhone will have even more letters in the upper right corner. Boring Apple’s event was…
Our bullish call on AT&T yesterday understandably triggered questions about our views on T-Mobile, the darling investment of wireless investors since 2016. We called for AT&T’s stock to outperform T-Mobile over the next 12-18 months and noted that our T-Mobile subscriber estimates for 2022 are below consensus. We still believe in the significant opportunity afforded…
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