Weekly Recap: Pink's Bottom Line on Media, Money and Sports
Here are some key takeaways from the past week's newsletters.
Here’s a recap of top items from our newsletters this week. I hope everyone has a great weekend.
MEDIA: Movies, Skinny Bundles and Fubo TV
While most movie theaters haven’t yet reopened in the country, it’s still staggering to see this past weekend’s domestic box office numbers. Box office revenues totaled $2 million last weekend, compared to $120 million for the same weekend last year, according to data from Box Office Mojo. It’s not clear when things will get better.
The momentum for ad spending on podcasts doesn’t look like it’s going to slow down any time soon.
In a world of skinny bundles and a thinning number of pay-tv subscribers, FuboTV looks to feast on viewers’ hunger for live sports. We’ll know at lot more when the company reports subscriber and earnings numbers for the third quarter.
MONEY: Hotel Occupancy, Back to School Sales and China’s Economy
If hotel occupancy rates begin to move consistently higher in major US markets, then that could be one of the first indicators of a recovery in overall business travel.
Kohl’s, Target and Walmart all reported earnings this week, and each retailer said that back to school sales aren’t particularly strong so far this year. However, company executives didn’t sound too concerned.
China has a head start on the United States in its economic recovery from the impact of the coronavirus, but it appears that its recovery is uneven so far.
SPORTS: Unusual Sports Calendar, James Harden’s Playoff Performance and Kawhi’s Shoes
The coronavirus pandemic is upending the sports calendar this year. Here’s why this unusual sports calendar could benefit the entire sports industry.
Athletic shoe company New Balance debuted its latest Kawhi Leonard basketball sneaker this Thursday. If the new sneaker proves popular in the secondary marketplace, that likely will be the best indicator if the shoe is indeed a hit for New Balance.
The Houston Rockets’ James Harden just might quietly enjoy the best playoff run of his career at the ripe age of 30.
Jeremy Pink is former CEO of Broadcast Sports International and a former CNBC executive in New York, London and Singapore. He currently serves as an advisor to companies in media, sports and financial tech.
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.