Pink's Bottom Line on Media, Money and Sports

Video and entertainment mobile apps, home prices and the NBA's Chicago Bulls

In today’s newsletter, I discuss video and entertainment mobile apps, home prices and the NBA's Chicago Bulls.

MEDIA: Video and Entertainment Mobile Apps

Consumers will spend significantly more money this year compared to 2020 on non-gaming mobile apps.

According to Sensor Tower, consumers will spend 19.7% more this year on everything from mobile subscriptions to in-app purchases and more.

Pink's Bottom Line

TikTok and YouTube are the two highest earning non-gaming mobile apps, according to Sensor Tower.

Additionally, Disney+ and HBO Max are among the top ten highest earning non-gaming mobile apps this year.

As such, it appears that video or entertainment related apps are generating significant revenue, which is a trend that will only persist.

MONEY: Home Prices

Home prices climbed again in September, according to the S&P CoreLogic Case-Shiller Index, a leading gauge of home prices in the United States.

Home prices increased 19.5% in September compared to September of 2020 — that follows a 19.8% year-over-year increase in August, according to that index, which was released last week.

Pink's Bottom Line

Home prices are still showing strength — as they have during much of the pandemic — due largely to a lack of housing inventory and to historically low mortgage rates.

However, as inventory should build in 2022 and as mortgage rates are likely to increase, that could cool down the red hot housing market next year.

SPORTS: Chicago Bulls

The Chicago Bulls currently own the second best record in the NBA’s Eastern Conference, and they just might be the surprise team of the year.

The Bulls signed several free agents this off-season, including DeMar DeRozan, who is currently fourth in the league in scoring averaging 26.4 points per game.

Pink's Bottom Line

Lonzo Ball, who was the second pick in the NBA Draft in 2017, also signed as a free agent with the Bulls, as did Alex Caruso, who was a key part of the Los Angeles Lakers championship team from 2020.

DeRozan, Ball and Caruso all are key contributors to the Bulls, and their signings indicate that an NBA team can become almost instantly competitive if it signs the right combination of free agents — and those free agents don’t have to be superstars.

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Jeremy Pink is currently an advisor to media and fintech 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.

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)