Clay Travis@ClayTravisNetflix did a good job with both games today. But within a decade every major sporting event will be on streaming and you’ll need a subscription to watch. The days of watching sports for free on broadcast networks are dwindling in a hurry.Opens with an observation
Clay Travis@ClayTravisNetflix just missed earnings estimates and the stock is down $6 after hours. The entire streaming business model feels like it’s going up in smoke. Disney, Paramount & Warner Bros have all lost tens of billions on streaming already. Will profits ever come close to cable?Opens with an observation
Clay Travis@ClayTravisNewsMax stock went up 700% on its IPO today. Wild. But I do think this is a reflection of lots of optimism for “conservative,” ie not batshit crazy left wing, media companies. Fox is also near an all time high stock price too.Opens with a number