For those of us old enough to be music fans and attending concerts in the mid-1990s, Pearl Jam and Ticketmaster will forever be inextricably linked. Pearl Jam became synonymous with anti-Ticketmaster venom from both artists and consumers during that period, who saw the ticketing company as a monopoly (even in the pre-Live Nation merger days)…
Verizon’s spectrum position has been a nagging concern for investors and it’s likely to persist in 2020. Verizon’s current network strategy leans heavily on small cell densification and mmWave spectrum. However, the early performance of mmWave spectrum has been worse than promised and the pace of small cell deployments is slower than expected. So the…
Comcast’s reported its largest ever quarterly wireless net additions of 261,000, which increased by 15% y/y and reversed three consecutive quarters of y/y declines >10%. This was handily above our estimate of 225,000 and the 223,000 consensus estimate in the T-Mobile IR poll. Comcast also surpassed the critical 2.0 million subscriber milestone. Charter claims it…
As we talked about in our LightShed Day One launch post, “technology-led changes in the industry have been a focal point for our research.” We are truly excited by the explosion of streaming services offering consumers vastly better user interfaces, cross-platform access no longer tied to antiquated in-home hardware, breadth and depth of content, easy…
Heading into Comcast/NBC Universal’s Peacock Investor Day, we laid out 13 questions for management (link), with the vast majority of our questions addressed during the presentation and the Q&A session. Our key takeaway from the Peacock Investor Day was just how far Comcast’s view of the video ecosystem has evolved in the past few years:…
Tomorrow afternoon in NYC, we will be attending the NBCU investor day where management will unveil details and strategy for the coming launch of “Peacock” and how it fits into the larger roadmap for Comcast and NBC Universal. Legacy media companies face two major problems that Peacock seeks to address. First, cable network reach is collapsing with fully-distributed cable networks set to fall below 80 million subscribers in 2020, a level they have not seen since 2000 (as we…
T-Mobile’s attempt to purchase Sprint faced another setback on Friday when Judge Timothy Kelly extended his Tunney Act review of the DOJ settlement into mid-February. We had initially expected this routine review to end in mid-November. (Link) Now it might not conclude until after Judge Victor Marrero’s decision in the State AG case, thereby delaying…
Happy New Year! As always, we are kicking off TMT coverage in the new year by laying out our top predictions and events to watch for in 2020 – what we call our #Top20for20. To see what we got right and wrong in last year’s Top 19 list for 2019, it can be found here. The TMT landscape…
Yesterday reports surfaced that Apple may have interest in Pac-12 conference sports rights (link), while earlier this year, Amazon was part of the team-led investor group that acquired the YES Network (link). So why are the large tech platforms increasingly interested in local/regional sports rights, while we have yet to see them acquire high-profile national…
Our optimism continues to grow about T-Mobile’s ability to prevail in the State AG lawsuit challenging its acquisition of Sprint. We have no experience in these matters, have sought no legal advice, and have no idea what Judge Marrero deems relevant in making his decision. Yet, we have sat through eight days of testimony and…
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