The LightShed Podcast

[0:00] Everything In Its Right Place.

[2:45] Our journey with WeWork.

[5:59] Viacom’s capital raise was the right move.

[9:10] A combined MSGE/MSGN.

[13:45] PVOD is not a great business model.

[17:31] Will SVOD become the 2nd window post-theatrical?

[19:51] NBCU needs an SVOD or Warner merger.

[24:24] Netflix tests episodic release, again.

[27:59] Walt warms to 5G Home.

[34:28] Endeavor is a much easier public story to tell with a fully-owned UFC anchoring the valuation.

[37:20] A public Epic is almost certainly bigger than Roblox.

[39:50] Discord fits beautifully with all of MSFT’s existing assets.

[42:40] Roku’s content building strategy is reminiscent of Netflix’s early days.

[44:43] Sports are clearly a part of the Paramount+ strategy.

[47:50] Could Fox’s ongoing sports content/betting integration ultimately lead to a merger with FanDuel?

[53:31] Jack pulls a Rich Greenfield during the hearings.

[54:36] Goodnight Saigon.

[0:00] Highway To Hell.

[6:27] The NFL goes digital.

[12:44] The inevitability of sports NFTs.

[15:32] Apple’s IDFA changes likely delayed… again.

[17:23] Zuck tries to undermine IDFA by arguing that the strong will just get stronger.

[21:47] Clubhouse’s content problem.

[24:10] Platforms planning for the creator economy.

[29:13] Verizon should just admit its pivot from mmWave.

[33:16] Disney needs to give up on premiere access and follow Warner Bros day and date SVOD.

[35:17] An eventual FanDuel spin will be held up until Fox/Flutter agree to the value of Fox’s option.

[39:00] The #RaceTo5G needs densification.

[43:11] Gaming streaming shows the lasting power of pandemic-driven behavior changes.

[46:35] The next streaming wars could take place in the AVOD space.

[49:07] Does Roku have a Wal-Mart problem?

[57:12] The Netflix licensing story is totally overblown.

[1:01:10] Twitter has the infrastructure in place to scale Spaces.

[1:02:50] The move towards packed concerts.

[1:05:44] Chris Nolan likes salty popcorn.

[1:07:13] Lithium: Walt’s music.

[0:00] Do you believe in miracles?

[0:12] You Sexy Thing.

[7:30] Roblox is an interactive media company, not a gaming company.

[10:28] 12 months of sitting at home only harmed sports/TV ratings.

[12:30] NHL rights didn’t disappoint, but how will programmers handle a collapsing sub base and rising costs?

[19:58] Only Verizon can bend laws of physics.

[22:55] There needs to be a focus on DTC ARPU revenue, not just subs.

[31:24] Crackdown on password sharing should spur Netflix’s final leg of domestic growth.

[35:25] An MSGN/MSGE merger might make sense for the Dolan’s but not MSGE shareholders.

[38:35] Investors are not paying attention to how serious Roku is about its original content push.

[42:27] Social media platforms are battling for creators.

[45:06] Discord is becoming a real utility.

[47:55] AMC customers are more eager to go to the movies than see their friends? Challenge.

[49:33] Can wireless take cable broadband subs?

[52:03] White Wedding.

[0:00] Run Like Hell.

[0:35] Legacy media stocks with fringe streaming stories

[4:35] Roblox’s compelling vision with two interconnected flywheels.

[8:20] Amazon’s sports rights arrival is a seminal moment.

[13:48] 11 year NFL deals could pose dangers for buyers.

[14:21] DAZN is not focusing on the US.

[16:36] Consumption of sports content is up, just not full-length games.

[19:18] Jump in NFL rights means fewer dollars for secondary sports.

[20:56] DraftKings/Dish partnership – who needs the TV?

[27:05] 5G is draining your battery.

[29:12] Nobody should be surprised by TV ratings’ collapse.

[32:14] Roku’s targeted advertising.

[36:55] A public Vizio.

[40:42] Zynga wants to build deeper, more expansive games.

[43:15] Highly social games like Fall Guys are key to building Epic’s vision.

[45:54] The return to theaters.

[50:29] Twitter innovating faster.

[52:22] Why did Square buy Tidal?

[1:01:54] Post-covid retail fallout.

[1:06:35] 5G investor day bonanza next week.

[1:07:15] Bye Bye Bye to this week.

[0:00] Technical difficulties.

[0:24] We Go On.

[1:30] Lois is back.

[4:56] Twitter is innovating faster.

[7:24] Roblox is the first chance to publicly invest in the metaverse.

[9:10]Bill Morrow: The DTV Decider.

[15:38] What happens to MNF?

[21:00] Paramount+’s $4.99 tier a win for Viacom and a loss for affiliates.

[23:22] AT&T the surprising leader in smashing windows.

[25:32] Legacy media companies going OTT have their cake and eat it too.

[27:17] What does the CBand auction mean for HBO Max?

[33:07] How to keep creators on platform.

[34:40] Is direct creator monetization a feature or a business?

[36:54] Tim Wu is a professor and he deleted tweets.

[39:47] Local market content scale = local subscriber scale.

[43:58] Sports betting dominos are falling.

[47:02] Ergen’s options for Boost.

[49:59] Does the return to concerts mean the same for theaters or offices?

[53:50] Top Shot is an accessible form of NFT.

[57:08] #LFGM.

[0:00] Golden Age.

[3:26] Come get your baseball cards.

[6:47] Lois redux.

[9:48] Be patient with Clubhouse / Spaces product iterations.

[16:43] Was Vlad the right person to testify?

[19:57] Google News changing is very positive for News Corp

[22:40] The future of Facebook news agreements.

[23:55] Shocking BlizzCon news unlikely but ATVI creating more ways to engage with core franchises across platforms.

[27:11] Dish EPS date not related to C-Band bidder announcement next week.

[29:48] Anterix private LTE deals now expanding to midband spectrum

[32:12] The evolution of Connected TV platforms.

[37:31] TikTok’s longer-form + live content is bad news for time spent elsewhere.

[39:50] YouTube is still the best platform for creators to make money.

[42:10] Zuck’s Apple anxiety.

[45:08] If streaming is the priority, how could Disney let Donald Glover go to Amazon?

[47:50] Roku ready to enter original programming.

[51:38] Disney+ needed localized international content after all.

[55:09] Hollywood follows the cash.

[58:15] Jenny From The Block.

[0:00] Also Sprach Zarathustra.

[0:45] Wahoo!

[2:56] Super Bowl ratings declines barely register.

[5:29] ViacomCBS learning that streaming is hard…

[9:52] …Hence M&A and a re-bundling of SVOD services are inevitable.

[10:53] TV ad spots rapidly disappearing and YouTube keeps growing.

[12:41] YouTube is still the best place for a creator to make money.

[14:55] Clubhouse’s singular focus versus Twitter Spaces’ interest graph.

[23:28] Is Verizon missing an opportunity with Ligado?

[25:52] Glu Mobile acquisition will only be successful if EA truly makes mobile a priority.

[29:08] 10% capacity is the first step to a live events resurgence.

[31:23] Will new LEO constellations be successful this time?

[33:23] Media companies are making streaming cheaper and then wonder why cord-cutting is accelerating.

[37:34] If you’re Pinterest, why would you want to sell here?

[41:15] Online dating is won with local scale.

[44:03] If you don't have a breadth of content, you have to discount to retain subs.

[45:54] Lift Yourself.

[0:00] Free Fallin’.

[1:06] What’s the best Super Bowl ever?

[4:18] Can sports betting companies replicate Barstool’s media success?

[5:54] Bailing on the GME revolution.

[8:39] Losing sleep on Clubhouse.

[22:00] Apple and Spotify following Patreon’s lead.

[27:29] Tech giants learning it takes more than money to build a successful games studio.

[34:35] Is 5Mbps broadband upload enough?

[39:07] UGC content is exploding and legacy platforms are losing.

[44:08] Netflix can even raise price in Japan.

[46:00] Weekly episodes or binge the season?

[52:31] WW4 proving the naysayers wrong.

[56:28] Verizon's pitching mmWave at yet another Superbowl.

[1:00:15] The Weeknd starts a coming wave of ’22 concert onsales.

[1:01:57] Expect Reels to soon begin compensating creators.

[1:06:37] Maria is still on Twitter.

[1:08:01] Blackouts aren’t what they used to be.

[1:10:52] The Super Bowl Shuffle.

[0:00] You say you want a revolution?

[1:27] Losing money triggers anger, threats and blame.

[11:40] Cook or Zuck…who is the bad guy?

[14:52] Zuck is worried about IDFA.

[18:32] WWE won’t be the last to tap-out of SVOD.

[22:54] HBO understands the need for a wide diversity of content.

[25:12] The Net Neutrality flip-flop.

[27:57] What is cable’s future without CBand?

[35:26] Skinny bundles, fatter prices.

[37:20] The lasting challenge of kludge legacy media deals.

[41:31] Is Verizon’s Disney+ retention really that good?

[48:40] Discovery+ may need to spend less on originals than we thought.

[51:08] Does content differentiate gambling apps if they all have it?

[53:33] Revue is a perfect fit for Twitter.

[54:59] It’s a good time for UMG to IPO with growth from digital and games ahead.

[0:00] Come together.

[2:42] GameStop death threats.

[8:09] The power of TikTok and social to launch music. 

[10:21] Netflix’s milestone crushes longtime haters.

[17:11] Top Gun II direct-to-Paramount+?

[19:43] Amazon shutdown of Parler passes first court test.

[22:38] What an Olympics cancellation would mean to Comcast, Twitter and Discovery.

[24:59] Fortnite integrating more third-party IP and brands. 

[28:25] Will Verizon give out data on 5G home?

[30:57] Ajit Pai's final act bolsters Ligado.

[32:57] Spotify de-emphasizing the long-tail.

[35:41] The weapon of content in the sports betting wars.

[39:30] Rack-uh-ten and the Dish haters.

[42:39] The real media war in 2021 is for control of the TV operating system.

[47:49] Weekly NFL ratings update and goodbye NBCSN.

[50:30] How high could Knicks valuation rise if they were actually good?

[53:59] Patreon’s importance to the creator economy. 

[58:05] Fun, fun, fun, fun. Lookin' forward to the weekend.