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: That move reflects that the breakneck pace of subscriber growth for Netflix — and other video streamers — has slowed, and the company is looking for ways to boost subscriber numbers again.
Pink’s Bottom Line: Look for more live sports to migrate to streaming services in the future, which will put even more pressure on traditional linear television that has relied on live sports to keep its subscriber base.
Pink’s Bottom Line: Notably, 45% say it’s no advance at all, suggesting that Americans remain skeptical — at least for the time being — about the use of AI to write news stories though that skepticism likely will decline as AI improves.
MONEY
Pink’s Bottom Line: With mortgage rates at lofty levels, many individuals will get priced out of the single-family home market, which could usher in a wave of commercial buyers of instead.
Pink’s Bottom Line: If gas prices moderate over the next few months heading in to the summer driving season, it could be a leading indicator that stubbornly high inflation might also abate in the first half of the year.
Pink’s Bottom Line: Look for the average office occupancy rate to climb in the next few months as the labor market gets tighter and employers require workers to return to the office.
SPORTS
Pink’s Bottom Line: That means that the top golfers in the world — whether they are on the PGA or LIV Tour — will play in golf’s four majors this year, which will boost interest and viewership of these events.
Pink’s Bottom Line: While the new-look Suns with Kevin Durant certainly could win the Western Conference, look for the Denver Nuggets to win the West this year thanks to a deep roster and to the play of two-time defending MVP Nikola Jokic.
In the NFL, the quarterback carousel is already spinning, and most observers are watching to see where Aaron Rodgers of the Green Bay Packers and Derek Carr formerly of the Las Vegas Raiders will land.
Pink’s Bottom Line: However, Jimmy Garoppolo of the San Francisco 49ers will have the biggest impact of any offseason quarterback move in the NFL — look for Garoppolo to play for either the Raiders or the New York Jets next season.
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)