The asset management game is all about Assets Under Management ("AUM"). The entertainment game is all about "IP". By the way, Bob Iger likes Bond. Asset Management & Entertainment Share a Hunger for Assets Over the past decade asset managers have shifted away from active management and alpha generation in favor of index funds and … Continue reading BlackRock and Disney Have This in Common…
We recently wrote that “Scale Matters in Tech”. Technology companies that have captured the number 1 or number 2 position within a particular vertical enjoy Economies of Scale including: 1.) automatically getting a seat at the table for sales bakeoffs, 2.) job seekers naturally gravitate toward market leaders, 3.) prospective acquisition targets will find you, … Continue reading Three Activist Investor TargetsPremium
Scale matters in Tech. This has never been more true as businesses increasingly go global. Consider Netflix's $13 billion content investment in 2018. Amazon and its Borg-like Prime service is also a significant content player. To round out the “Big 3”, consider Disney and its ESPN+ SVOD (“subscription video on demand”) service as well as Disney’s … Continue reading Scale Matters in Tech
Technology news items that caught our attention this week: Google’s AI can now lip read better than humans after watching thousands of hours of TV: Link Instagram takes a shot at YouTube, further distances itself from other social media platforms by rolling out long-form video: Link One million people use Bank of America’s AI-powered virtual … Continue reading Technology News from the Week: June 18th 2018
Yes if You Ask Us While AT&T moving to acquire Time Warner and Disney (and Comcast?) moving to acquire Fox are interesting deals, it’s more interesting to us what the next chess move may be in a world that increasingly values content (live sports and premium original content in particular). We recently wrote about and … Continue reading Is Apple Disney’s End Game?
AT&T Ought to Be Allowed to Acquire Time Warner "As Is" AT&T (T) ought to be allowed to acquire Time Warner (TWX) “as is” (earlier today AT&T extended the deal close deadline to April 22 2018). It is puzzling why the Justice Department would push back on the deal. We recently covered the topic in … Continue reading AT&T’s Proposed Acquisition of Time Warner – Justice Department is MisguidedPremium
Sorry Trump Administration. We fail to see how the proposed AT&T / Time Warner Inc. deal would be anti-competitive. Complementary assets and let's not forgot consumers have the ability to vote with their feet. Welcome to the marketplace.