Pink's Bottom Line on Media, Money and Sports
Top items and takeaways from the week from the worlds of media, money and sports
Here are the top items and takeaways from the week from the worlds of media, money and sports.
MEDIA
Pink’s Bottom Line: While Netflix does have a commanding lead in MAUs over its rivals, other streaming services nonetheless are still gaining ground on Netflix, another indication that the dominance of Netflix is waning.
Pink’s Bottom Line: Viewership declined almost certainly because there were few marquee quarterbacks in this year’s draft class.
Pink’s Bottom Line: The sale of Quartz is the latest sign of rapid consolidation in digital media, a trend that’s likely to continue due in part to a softening digital advertising environment.
MONEY
Pink’s Bottom Line: Notably, those surveyed also cited few advancement opportunities and feeling disrespected as two other major reasons why they are quitting their jobs, suggesting that many employers likely will have to make significant changes in company culture in order to retain workers.
Pink’s Bottom Line: If that jobs report is stronger than expected, it could become a key catalyst for the US Federal Reserve to hike interest rates more aggressively than most market watchers currently anticipate.
Pink’s Bottom Line: The correlation of Bitcoin to the broader stock market has increased recently, a possible sign of Bitcoin’s emergence as a mainstream investment.
SPORTS
Pink’s Bottom Line: Howell will emerge as the best quarterback of the entire 2022 draft class, and he will become the long-term starter for Washington — he will fulfill the promise that he showed during his first two seasons in college when he threw for a combined 68 touchdowns and 14 interceptions.
Pink’s Bottom Line: Meanwhile, the often overlooked and under-appreciated Milwaukee Bucks, the defending NBA champions, are a distant +850 to capture the crown, and they are the biggest threat to challenge both Phoenix and Golden State for the title.
In the NHL, players are scoring goals at the most rapid clip in 26 years, according to this story in The Wall Street Journal.
Pink’s Bottom Line: While higher scoring could increase professional hockey’s appeal, the sport captures only modest, regional interest in the United States, a trend that is, unfortunately, likely to continue.
Jeremy Pink 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)