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: Additionally, podcasting ad revenue continues to grow at a much faster pace than overall Internet advertising revenue, indicating that the podcasting industry should remain robust for the foreseeable future.
Netflix could soon begin offering a lower-priced subscription service that includes ads, according to a report in The New York Times.
Pink’s Bottom Line: If that happens, it would buck the company’s longstanding tradition of shunning advertisements, and such an offering would become just the latest piece of evidence that subscription video streaming services do not have the same pricing power they have had in the past few years.
YouTube TV this week said that it is launching two new Spanish language video streaming plans.
Pink’s Bottom Line: As the traditional pay television industry grapples with the rapid erosion of subscribers, YouTube TV’s move to offer Spanish language plans shows that targeted pay-tv offerings might become the way of the future for the industry.
MONEY
Investors pulled money out of ETFs for the week ending May 11, according to data from Refinitiv.
Pink’s Bottom Line: It is the second consecutive week that investors were net sellers of ETFs, suggesting that this year’s steep decline in global stock markets is finally taking a toll on many investors who had been consistently buying dips since the pandemic began.
Pink’s Bottom Line: Those layoffs are the latest signs that companies that benefited from the stay-at-home trend of the past few years suddenly have become vulnerable.
Pink’s Bottom Line: With soaring inflation and rising interest rates, consumers face financial headwinds that they haven’t encountered for decades and that should last at least for the next 12 months.
SPORTS
Pink’s Bottom Line: Swiatek, who turns 21 at the end of the month, has emerged as the best young women’s player on tour and looks poised to become the game’s next superstar.
Pink’s Bottom Line: The Dodgers and Yankees, two of the most storied franchises in baseball, are now on a collision course to meet in the World Series, which would deliver major league baseball a much needed high profile match-up that could help boost sagging interest in the game.
Pink’s Bottom Line: While the Lions have struggled mightily for many years, that consistent schedule could provide the team an advantage as it won’t have to cope with odd travel times, and it could help lead Detroit to a much better season than many expect.
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)