Google and Facebook dominate mobile advertising, but there is plenty of room for other “winners” as mobile time spent continues to scale (link). Brands and advertisers are looking for more ways to target consumers on the most personal device they own, mobile phones, especially younger consumers, as time spent with traditional media continues to collapse…
On March 25, 2019, Apple announced (link) their plan to launch Apple TV+. What made the announcement so notable was Apple’s plan to offer the service across an array of third-party connected TV devices including Samsung smart TVs, Amazon Fire TV, LG, Roku, Sony and Vizio. With Apple TV+ set to launch on November 1st,…
The latest press reports claim that SoftBank is considering another $5 billion investment into WeWork. We do not expect that to be well received by investors. SoftBank’s existing $9 billion investment in WeWork and subsequent meltdown has already triggered concerns about SoftBank’s broader investment portfolio. The bail-out of WeWork will continue to feed that negative…
It’s been popular to dump on SoftBank lately and they have been an easy target. SoftBank’s Vision Fund has become the poster child for what many believe is a bubble in private market valuations of technology stocks. In fact, many blame SoftBank for driving up industry wide valuations across multiple verticals, whether SoftBank was an…
Last week, KCRW’s Kim Masters interviewed us for her weekly podcast called The Business (entire 19 minute podcast embedded below, or listen on iTunes or Spotify). The podcast discussion focused on how the proliferation of OTT streaming services is empowering/benefiting consumers, why we believe WarnerMedia’s HBO will be able to rapidly transition subscribers to HBO…
Netflix missing a quarter is far from a first-time event. However, the stock has failed to recover this time around, with investor sentiment at the worst levels we can remember in several years (with the stock 27% below its pre-Q2 2019 peak of $385 in May 2019). Investors fear: An unprecedented second straight miss of…
The Sprint/T-Mobile merger agreement will expire on November 1st unless the companies agree to extend the date. We believe T-Mobile should use the expiration of the merger agreement to renegotiate terms with Sprint rather than extend it. T-Mobile already incurred costly concessions to obtain DOJ approval and Sprint’s business is eroding faster than expected. Now…
Week one of the Fall 2019 TV season demonstrated that the concept of linear, live TV for entertainment programming is fading at an alarming rate (link to premiere week ratings drops), with the scariest line in Variety’s recap of week one’s winners and losers (link): Loser: All the new shows Note: Fox was the only…
Last Friday, Netflix Founder and CEO, Reed Hastings, was interviewed at the RTS Cambridge Convention (entire 30-minute interview embedded below with key highlights and timestamps). Press reports out of the event spooked Netflix investors, particularly after disappointing Q2 2019 subscriber results. Hastings talked to “a whole new world” of competition starting in November 2019 (Disney+…
Clay Travis (@claytravis) from OutKicktheCoverage invited us to join him on his podcast, Wins & Losses, yesterday to discuss the future of media, with a focus on where sports media is headed. The 70-minute podcast is embedded below and you can listen on Apple Podcasts, Spotify, iHeartRadio or the podcast platform of your choice. Our wide-ranging discussion…
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