Pink's Bottom Line on Media, Money and Sports
Top items and takeaways of the week from the worlds of media, money and sports
Here are the top items and takeaways of the week from the worlds of media, money and sports.
MEDIA
Pink’s Bottom Line: Notably, 27% of those subscriptions are being shared outside of the household, a potential opportunity for video streamers to boost revenue by limiting sharing.
Pink’s Bottom Line: Notably, mobile devices account for only 6% of total viewing of streaming TV OTT content, a sign that viewers are consuming this content in their homes and not on the go, similar to how most Americans watch traditional linear television.
Murder Mystery 2, a Netflix production, tops the list of most watched movies in the country on Netflix right now.
Pink’s Bottom Line: Notably, only one other Netflix produced film, the first Murder Mystery, made the top ten list, which suggests that original productions, a cornerstone of Netflix strategy in recent years, could be waning in importance to the streaming service.
MONEY
Pink’s Bottom Line: If that participation rate continues to move higher, it will increase labor supply in the market, which, in turn, could slow the pace of wage growth and help moderate inflation in the country.
Pink’s Bottom Line: Tesla is likely making the move both to boost demand for its own products as competition intensifies and to combat fewer tax incentives for the purchase of electric vehicles.
Pink’s Bottom Line: Notably, 92% of those surveyed said they planned to buy some Easter candy, indicating the importance of the holiday for major candy companies.
SPORTS
Pink’s Bottom Line: Look for the Phoenix Suns, who look nearly unbeatable with Kevin Durant playing, and the Sacramento Kings, a lightly regarded playoff team, to challenge for the Western Coference title.
In Major League Baseball (MLB), if the first week of play is any indication, the number stolen bases will climb dramatically for the remainder of the year — stolen bases are on pace to increase by roughly ten per team this season compared to last year thanks to new rules designed to speed up the game.
Pink’s Bottom Line: If that stolen base trend continues, look for teams to place a greater emphasis on speed as soon as this year’s MLB Draft.
Pink’s Bottom Line: Koepka currently plays on the LIV Tour, not the PGA Tour, and a victory by Koepka at The Masters, one of the few tournaments that allows golfers from both tours to play, will only add to an already contentious relationship between LIV and the PGA.
Jeremy Pink consults for media, sports and tech companies around the world. 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. He started his career as a sportswriter for two newspapers in Columbus, Ohio, and he is a contributing author to two books.
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)