The LightShed Podcast

[0:00] 99.

[0:50] The elephant in The Mouse’s room.

[7:01] A Roku television?

[12:15] YouTube building on its big screen momentum.

[15:42] Does Apple care about Spotify’s new deal with Google?

[19:38] Is Instagram winning back share from TikTok?

[23:10] Pricing power in an inflationary market.

[28:53] Uber Eats via a NYC taxi is gross.

[31:30] Nielsen is making a mistake by not selling.

[33:35] Monetizing esports is proving to be very hard.

[36:00] Netflix’s gaming strategy: buy not build.

[37:55] Will Apple be your future wireless service provider?

[41:44] Snap’s R&D and mind control.

[44:12] SVODs need passion and tonnage.

[47:32] Sports announcers don’t drive ratings.

[52:12] Can live betting flourish?

[53:09] 99 Luftballons.

[0:00] Rebellion (Lies).

[2:20] Can you have a dollar sign in a domain name?

[4:03] Jake Paul calls out LightShed. Is he right about the UFC?

[11:11] Netflix has levers to pull to re-accelerate sub growth.

[19:23] Walt is frustrated with Comcast’s focus on business model over the consumer

[25:31] Expect Jim Dolan to be even more involved in MSG Sphere going forward.

[29:08] Will Apple win in AR, pushing VR to the side?

[33:30] Pent up concert demand outweighs inflationary pressures.

[36:14] The FTC never had a case against Amazon/MGM.

[41:10] What’s the point of Spotify or anyone naming a stadium?

[44:28] New ownership for CryptoPunks doesn’t mean great content will follow.

[49:15] NFT ownership is currently about community as much as broader utilities.

[50:27] AMC buys gold. Where are the creditors?

[52:30] Reminder: Clubhouse (allegedly) turned down a $4bn bid.

[55:04] Wake up.

[0:00] Maria También.

[1:25] We should have skipped the Sixers’ game.

[3:50] Apple needs Sunday Ticket, not MLB rights.

[9:11] Apple TV+’s high churn is unsurprising.

[15:03] Comcast and NBCU should be separate companies.

[17:40] Is the future of TV ad-supported weekly releases?

[18:47] Netflix’s two key differentiators: scale and ad-free.

[22:58] Does Disney’s likely exit from IPL signal a shift in broader sports strategy? 

[26:32] Breaking down Rutledge’s claims.

[36:18] Samsung is not going to give up on its OS.

[39:05] Russian impact is largely immaterial to media companies.

[41:09] Dynamic movie ticket pricing brings more questions than answers.

[45:39] Whose family plan are you on?

[47:17] Jason Robins needs to stop tweeting and execute.

[49:07] Yellowstone Theme.

[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 and Netflix’s savior?

[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.

[0:00] Peaches En Regalia.

[1:05] Our most geographically diverse podcast ever.

[2:51] Walt’s internet is better in Rome than in Westchester.

[7:10] Warner Bros. Discovery is naïve to think spending does not need to increase a lot.

[12:40] Live entertainment is on fire.

[13:44] Concert tickets are vastly underpriced.

[22:04] Does everyone needs a Truth strategy?

[27:32] Call of Duty delay is a symptom of ATVI’s problems, not the reason they sold.

[30:17] Mobile casual gaming companies are still struggling and looking for a way out.

[33:09] Rationalization of sports betting costs has already begun.

[35:34] YouTube is turning the TV upfronts on its head.

[37:58] An unforeseen Netflix hit that should have been foreseen.

[39:49] We agree to disagree on how successful Netflix can be in India.

[43:48] Meta is putting in place the building blocks of the metaverse.

[46:55] Reddit’s Dubsmash pivot.

[49:25] Amazon is thinking creatively on how to use the NFL to drive other parts of its business.

[51:45] Spotify’s Car Thing is not a gamechanger but should increase global usage.

[55:15] Who is going to subscribe to Sinclair’s DTC product?

[57:15] IMAX concerts are interesting, but not a substitute for the real thing.

[57:54] Heartless.

[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] Axel F.

[3:20] Brandon is taking the Rams, so bet the Bengals.

[5:34] James Harden is going to fall in love with Philly cheesesteaks.

[6:36] PointsBet should have cashed out instead of partnering with NBCU.

[8:52] ESPN may want Sunday Ticket, but is that "best" for Disney?

[10:40] The NFL should prefer Apple gets Sunday Ticket to increase partners.

[15:35] Roblox is the perfect platform to reach young (potential) NFL fans.

[18:49] Disney must solve Hulu’s ownership and create a single SVOD service.

[25:03] Studios are getting more and more comfortable with streaming releases.

[27:35] How many Oscars Best Picture nominees can you name?

[31:02] Warner Bros. Discovery should increase HBO Max’s value, not its price.

[36:12] Most sports fans will stay in the bundle for now - not buy OTT RSNs.

[43:08] Fubo telegraphs churn or cash issues, or both.

[46:06] User growth + improving DR ad products = nice tailwinds for Twitter.

[50:48] Microsoft wants to use upfront sales to show subscription’s relative value.

[52:14] Barry McCarthy knows subscription but does he know M&A?

[57:42] Networks continually fail in marketing sporting events.

[1:01:50] Wise words from a New York City crypto expert.

[1:02:58] Crystal Blue Persuasion.

[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.

[0:00] Whipping Post.

[1:48] The market is taking off its beer goggles.

[8:15] “Capitulate”, “LightShed”, and “Fubo” should not all be in the same sentence.

[16:07] Bob Iger’s refreshingly honest view of the theatrical business.

[19:17] Legacy media does not have video gaming DNA.

[22:19] Is Iger’s “Web 3.0” evolutionary or revolutionary?

[28:59] Netflix telegraphs acceleration of their M&A strategy.

[31:18] The DOJ may be poised to “try” to block more vertical deals.

[38:22] Is Bobby Kotick playing 3D chess?

[39:52] Microsoft’s commitment to widespread Call of Duty release is unsurprising.

[42:20] Peacock sub growth underscores why Comcast and NBCU should not be together.

[48:57] Fixed wireless increasing share of broadband pie is simple math.

[53:46] Sohn one step closer to becoming FCC commissioner.

[55:52] Jack trolling Mark: Carpe Diem.

[57:59] Consolidation of sportsbooks is inevitable.

[59:06] Apple’s content ambitions should terrify legacy media.

[1:02:15] Neil Young leaving Spotify only matters if others follow.

[1:04:53] Steve Aoki finds utility on the blockchain.

[1:08:30] Disney’s WWE deal means very little.

[1:10:50] Awaiting the great Marcelo’s next move.

[1:11:17] Helpless.

[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.