Pink's Bottom Line on Media, Money and Sports
Disney movie releases, consumer inflation expectations and the NFC North
In today’s newsletter, I discuss Disney movie releases, consumer inflation expectations and the NFC North.
MEDIA: Disney Movie Releases
In the first part of the year, Disney had also simultaneously released some of its movies to both theaters and Disney+, the company’s video streaming platform.
Pink's Bottom LineMoviegoers have recently returned to the nation’s theaters after shunning cinemas because of the pandemic.
Notably, some of Disney’s recent theater-only releases have performed very well at the box office as a result.
As such, while video streaming platforms remain critical to the future growth of major media companies, traditional distribution of movies in theaters still remains a key revenue driver.
MONEY: Consumer Inflation Expectations
That survey showed that consumers expect inflation of 5.2% for the next twelve months, marking the tenth consecutive month of rising inflation expectations.
Pink's Bottom LineAdditionally, the government tomorrow releases its monthly Consumer Price Index (CPI) report, which is expected to show higher prices at the consumer level yet again.
If that CPI report tomorrow happens to show sharply higher prices, that could soon put a crimp on consumer spending.
If consumer spending eventually does slow, that, in turn, could slow the entire economy as consumer spending accounts for roughly two-thirds of all economic activity in this country.
SPORTS: NFC North Woes
The good news for all four NFC North teams — Chicago, Detroit, Green Bay and Minnesota — is that they are all tied for the division lead after one week of the regular season.
The bad news? Each team lost its season opener, and they all sport records of 0-1 at the moment.
Pink's Bottom LineWhile Chicago and Green Bay each lost their games handily, Detroit and Minnesota both mounted valiant comebacks in their games, only to fall short of victory.
While one week certainly isn’t a trend, it is an indicator that the NFC North could be a very weak division this season.
Still, look for Green Bay to win the division as the Packers have clearly the best quarterback among the four teams in the NFC North.
However, don’t sleep on the Detroit Lions, my sleeper pick this year, as the Lions appear to have a potent offense that could lead the team to a surprising number of wins this season.
Jeremy Pink is currently COO of Geniecast, a leading virtual content and experience company. He is the former CEO of private-equity backed Broadcast Sports International where he helped lead the company to a successful sale and exit during his tenure there. He is also a former CNBC television executive in New York, London and Singapore.
The information contained in this communication is strictly for general informational and entertainment purposes and is not meant to be construed as financial, investment, tax, or legal advice. This communication is not a solicitation to buy or sell any securities. I am not a financial advisor or offering professional advice of any kind. Users should not act upon the content or information found within this communication without first seeking professional advice appropriate for their individual situation. Decisions based on information contained in this communication are the sole responsibility of the user, and use of this communication and its contents constitutes an explicit understanding and acceptance of the foregoing disclaimers.
(Newsletter Editor: Karina Pink)