It's crazy how fast things can change in any part of the corporate landscape once the right dominoe falls. Last week, basically every major media and telecom company was presenting at Moffettnathanson's conference. I follow the media and telecom space pretty closely for reasons that are very obvious to longtime blog readers (my largest positions are cable companies and media companies!), so I spent most of last week following those presentations. And every media company was projecting the same thing, "our shift to streaming is going well. We have enough assets that we'll be one of the winners as a standalone company; we don't need M&A to have a bright future." While most media followers believed M&A was inevitable in the longer term, it seemed likely that all of the major companies were going to focus on launching their D2C product and getting that off the ground, and then maybe come up for air and assess the M&A landscape after they had gotten better visibility into how their streaming products were doing and what holes they needed to fill in.
Some more $DISCA / $T ramblings
Some more $DISCA / $T ramblings
Some more $DISCA / $T ramblings
It's crazy how fast things can change in any part of the corporate landscape once the right dominoe falls. Last week, basically every major media and telecom company was presenting at Moffettnathanson's conference. I follow the media and telecom space pretty closely for reasons that are very obvious to longtime blog readers (my largest positions are cable companies and media companies!), so I spent most of last week following those presentations. And every media company was projecting the same thing, "our shift to streaming is going well. We have enough assets that we'll be one of the winners as a standalone company; we don't need M&A to have a bright future." While most media followers believed M&A was inevitable in the longer term, it seemed likely that all of the major companies were going to focus on launching their D2C product and getting that off the ground, and then maybe come up for air and assess the M&A landscape after they had gotten better visibility into how their streaming products were doing and what holes they needed to fill in.