The sale of TracFone to a national wireless operator in the United States is long overdue. The synergies to any of them were obvious and we believe America Movil has been open to the discussion for some time. Verizon ended up pulling the trigger today, so we ran through the implications for each of the…
We do not hate movies theaters. In fact, we actually love going to see movies in theaters, at least we did in a pre-COVID-19 world (this Cinemark cleaning video illustrates just how unappealing movie theaters are right now, not to mention increased research citing the aerosol nature of the virus). Every sub-sector of TMT needs…
The DOJ has determined the terms of a 600 MHz spectrum lease deal between Dish and T-Mobile. As we expected, Makan Delrahim followed through on executing on the terms of the Final Judgement of the approved merger of T-Mobile and Sprint. However, there still might be one more hurdle to clear. This new lease will…
Happy birthday to us! It certainly has not been the year we expected. Everyone reading this (and everyone in the world) has faced unimaginable events and challenges causing us to fundamentally change the way we live and work, and reexamine our values. Although we write from five different locations in four states, our team is closer…
With labor day in the rear-view mirror and fall conference season about to begin (and more importantly the NFL season), we thought it would be useful to think about the core themes and executive talking points heading out of Q2 earnings calls in July/August. Q2 illustrated that the ongoing pandemic is reshaping the TMT landscape…
There were two surprises from the CBRS auction. The first was that Verizon did not secure a nationwide CBRS spectrum position and the second was that Dish did. We discuss what that could mean for Dish and Big-Tech and the upcoming C-Band auction. We also posit whether Verizon is planning to shut down T-Mobile’s ability…
The FCC’s auction of CBRS mid-band spectrum has concluded after 76 rounds and $4.6 billion of winning bids representing $0.22/MHz/POP. We believe this is a very attractive price for buyers based on how we believe this spectrum can be used in a variety of applications. The high bidders will be revealed within the next few…
As summer 2020 is nearing an end, we thought it would be useful to highlight some of the key issues we are thinking about: Music Streaming, HBO Not So Max, SVOD Bundles, NFL Rights, Comcast’s Suboptimal Structure, Mulan PVOD, TikTok’s Future Home, Can the NFL Overcome COVID, Twitter Aging Down, Android TV Getting Better, plus…
With the passing of media industry icon, Sumner Redstone, we are reminded of the immortal phrase that he coined, “Content is King.” Spend 35 seconds and listen to Sumner at his best below: LightShed Partners · Content is King The content versus distribution battle remains an industry focal point, only it is evolving. The biggest…
Last week, we highlighted how Disney’s move to accelerate direct-to-consumer streaming would hasten the demise of the already struggling multichannel video ecosystem (link). While Disney has certainly enjoyed tremendous success with the launch of Disney+ last November, there are two key questions at hand: (1) How do they maintain their momentum in DTC? (2) Do…
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