• [0:00] Strawberry Letter 23.
• [2:07] Synesthesia or psychedelics?
• [8:36] Be kind to each other.
• [11:20] Will Verizon’s +play be the start of the great content rebundle?
• [23:52] Did Zas know that Warner Bros. might lose the Tolkien Estate rights?
• [26:57] No one is going to pay for CNN+.
• [27:28] Disney’s Disney+ 180.
• [34:43] Netflix is going to build its games expertise through acquisition.
• [36:58] TikTok is eating the world.
• [39:55] Will Amazon walk from MGM or send Lina Khan a message?
• [45:05] The flailing MLB and Charter’s RSN penetration demands.
• [49:00] Cox closer to being a Verizon MVNO.
• [50:15] It’s getting harder for CableCo’s to deny relevance of Wireless Home Broadband.
• [52:41] Why Twitter could win as a podcast platform.
• [57:07] Fanatics and Fox Sports would be a fascinating partnership.
• [59:36] Epic’s curious acquisition.
• [1:02:30] WWE needs younger talent.
• [1:05:35] Microsoft has the best chance to win in cloud gaming.
• [1:07:50] Pixelmon is another NFT rug.
• [1:10:02] Amazon; don’t buy sports talent, open up audio.
• [1:10:44] Disco Inferno.

Episode 94: 2/18/2022

• [0:00] Stand On The Word.
• [2:08] Sports betting is more profitable for Walt than the sportsbooks.
• [5:00] Investors are no longer advantaging companies spending for top line growth.
• [10:15] The NFL is the only sport that drives viewership.
• [11:17] Telcos pivot marketing to wireless home broadband.
• [13:25] Coinbase’s DR and brand advertising success but does it matter?
• [15:54] We are as bullish on Roblox as we have ever been.
• [21:45] We remain skeptical that VR will be a true daily habit.
• [24:21] Disney needs an acquisition to build the next generation platform.
• [28:59] Roku talks supply chain but the market is most worried about competition.
• [32:39] DTC losses only acceptable if there are clear projectable returns.
• [33:45] Streaming will see a shakeout just as sports betting has.
• [34:30] Investors need to recognize the scale of Apple’s content ambitions.
• [37:14] Is Disney telling ESPN that you have enough sports rights?
• [37:50] Streaming services should differentiate through content, not sports rights.
• [38:43] Vix+ is good for Televisa Univision, but not the overall streaming space.
• [40:06] Do consumers trust Google over Apple? Doubtful.
• [45:05] Live entertainment is going to have a huge summer.
• [48:15] Snap is becoming a more important utility.
• [49:54] Thank you, Chamath.
• [51:46] Azzurro.

• [0:00] Tubthumping.
• [1:20] Why is Rich’s hair Red?
• [4:42] Snapchat has a different use case than TikTok.
• [8:55] Zuckerberg is fighting a multi-front war.
• [15:00] Sony buying Bungie is a positive for Microsoft.
• [21:00] Rockstar is working on a new GTA (no kidding).
• [22:56] Spotify’s platform changes are better late than never.
• [24:07] Spotify’s stock was not down because of Joe Rogan.
• [31:20] T-Mobile’s confetti bubble.
• [33:12] Do ARPUs rise in a “competitive” wireless market?
• [40:48] Should WWE be part of a much larger platform?
• [51:04] CNN+ is DOA – Say Hello to HBO Max.
• [54:00] When licensing sports rights, you don’t control your future.
• [55:46] Amazon’s advertising business has truly arrived.
• [59:18] Consolidation of sports betting operators is inevitable.
• [1:03:44] Reminder: January’s box office was down over 52% from both 2020 & 2019.
• [1:05:51] We trust the instincts of the two smartest executives in streaming.
• [1:07:00] An NBA “RedZone” would have winners (the NBA) and losers (local RSNs).
• [1:08:19] NBC learns from their Olympic mistakes.
• [1:09:20] Dreams and Nightmares.

Topics Include:

• [0:00] Bat Out of Hell.
• [0:14] RIP Meatloaf.
• [3:39] Netflix’s terrible forecast doesn’t change their long-term streaming TAM.
• [9:32] Long Netflix is now a bet on Ted, not Reed.
• [16:56] Netflix is re-running their initial content playbook but in gaming.
• [19:46] Activision Blizzard’s employee and recruitment issues spelled the end.
• [22:11] Subscription gaming requires popular first-party content.
• [33:28] Activision Blizzard catalyzes Microsoft’s metaverse ambitions.
• [35:13] Looking at the Peloton time capsule.
• [37:20] The Onion cuts their Fubo price target.
• [38:54] AWS Telecom scores another major telco.
• [40:42] Why did Disney choose a non-content exec to head international content?
• [43:27] Early NY sports betting winners (including the MSG properties).
• [48:13] YouTube does not need to spend money on premium content.
• [52:28] NFT wallet growth is the most important NFT adoption metric.
• [1:01:27] Kids on-demand audio could be huge.
• [1:02:58] Would you rather be UFC heavyweight champion or a Free Agent?
• [1:06:20] IG subscriptions should make the platform stickier.
• [1:08:22] No one cares about your Wordle.
• [1:08:54] Infinite Content.

Topics Include:

• [0:00] Moby Dick.
• [1:20] The Bob Chapek era has officially begun.
• [3:03] Rich called the crypto top.
• [4:06] Covid is the world’s greatest IQ test(s).
• [8:37] Michael Rubin’s savage acquisition of Topps.
• [9:58] Fanatics is a great example on how to disrupt an industry.
• [12:23] Advertising and sponsorship platforms are the clear early winners in NY sports betting.
• [15:12] AT&T tops table again in post-paid nets.
• [19:23] Wireless impact on cable broadband intensifying.
• [24:52] Why is Scott Rosenberg leaving Roku?
• [29:03] The New York Times finally acquires The Athletic.
• [33:40] UFC domestic rights are going higher next round.
• [40:28] PlayStation has a leg up on Oculus in bringing VR to gamers.
• [41:55] Metaverse wars are going to heat up in 2022.
• [44:42] Podcasting still has meaningful share to take from terrestrial radio.
• [48:08] HBO/HBO Max’s big year.
• [51:54] Candle Media’s portfolio growing at incredible speed.
• [53:12] Expect even more creation of interactive experiences based on linear IP and vice versa.
• [55:27] Imax is becoming the movie industry.
• [58:50] Adam Aron’s expensive ticket to the Rose Bowl.
• [1:01:07] Moby Dick.