Earlier this week, we were interviewed by Anthony Pompliano, host of the Off the Chain podcast. The audio version of the podcast is embedded to the right via Spotify, a video replay on YouTube is embedded at the bottom of this post and for Apple Podcast fans, you can listen here.
The nearly two-hour discussion covered a broad array of topics affecting the future of media, with the central theme being “The War for Consumer Time and Attention”. We have…
We had the opportunity to ask SoftBank CEO and Chairman Masa Son about the T-Mobile deal this morning on a group investor call and some of his responses were surprising. Here’s a quick summary: Masa does not believe T-Mobile is a strategic asset and was not familiar with the details of the 4-year lock-up of…
We are initiating coverage of Twitter with a BUY rating and a $45 one-year price target based on 25x estimated 2021 EV/EBITDA (shares are currently trading at 25x estimated 2020 EV/EBITDA). Our BUY rating is driven by above consensus revenue and EBITDA growth underpinned by a fundamentally better product on which Twitter is iterating faster…
Judge Marrero approved T-Mobile’s acquisition of Sprint this morning, despite widespread skepticism that had been driving Sprint’s stock lower on a daily basis. It does not appear that Judge Marrero has layered any additional deal conditions on the transaction. In fact, headlines indicate that Marrero was not compelled that prices would rise or that Sprint…
Yesterday was the Super Bowl for mid-band spectrum. FCC Chairman, Ajit Pai, forged forward with his long debated plan for C-Band spectrum, US Attorney General Bill Barr highlighted the importance that the FCC move forward on L-Band spectrum, and T-Mobile provided some sobering comments on the status of Dynamic Spectrum Sharing (DSS) technology. However, the…
WWE investors remain bewildered following last week’s departure of co-Presidents George Barrios and Michelle Wilson. We will likely never know exactly what happened last Thursday and why – including whether their dismissal was an impetuous decision by WWE Chairman and CEO Vince McMahon or a carefully planned termination. Nonetheless, the company, which was about to…
With Disney having made direct-to-consumer streaming the #1 priority for the company, investors will be keenly focused on Disney’s streaming metrics when they report fiscal Q1 2020 (December 2019) results tonight. However, Disney will also need to help investors understand the ongoing impact from Coronavirus that has forced the closures of both Shanghai Disneyland (closed…
18 months ago, the investment community celebrated then-WWE co-Presidents George Barrios and Michelle Wilson after signing new domestic rights deals with NBCU and FOX. The deals represented a 3.6x AAV increase from the prior Raw and SmackDown deals and completely changed WWE’s financial profile and broadened WWE’s reach to broadcast television for the first time.…
The FCC completed the primary component of its third consecutive auction of mmWave spectrum. Over the last 14 months, the FCC has auctioned nearly 5 GHz of spectrum in 5 different mmWave bands. None of these auctions have mustered a value that exceeds $0.0113/MHz/POP. This latest auction was for spectrum bands even higher on the…
Despite all the political and regulatory headlines/noise, consumers and advertisers continue to love using the Facebook family of apps. There is a tiny but vocal minority that loves to tweet about how they deleted their Facebook or never signed up for Instagram, but overall engagement with Facebook apps not only remains robust, but it is actually pretty difficult to avoid the Facebook family of apps in your daily life. Just think about Facebook Groups – where else on the…
You must be logged in to post a comment.