PARAA Jun 2024 20.000 call
- Yahoo Finance Video
Sports has to feed into a streamer's 'ecosystem': Kevin Mayer
As streaming platforms lean heavier into ad-supported subscription tiers and live sports broadcasts, what does this mean for linear TV which has been on the decline for years? Candle Media Co-Founder and Co-CEO Kevin Mayer joins Yahoo Finance Executive Editor Brian Sozzi at the 2024 Cannes Lions International Festival of Creativity to discuss where sports streaming fits into the broader game plan for major streaming service providers. Mayer calls sports and news "the last bastion of pay TV" with the future of linear television mainly coming down to sports. "The outlook for pay television isn't great, and when sports viewers find other opportunities to watch sports, I think you'll see a continuation of that decline and a collapse, frankly, of that environment," Mayer says. "But broadcast is a bit different. That doesn't depend on pay TV to get delivered to households there in every single household. And I do think you'll just see a different type of programming coming on there." Mayer's resume also includes his tenure as the CEO of TikTok, COO of the popular app's parent company ByteDance, and the chairman of Disney's (DIS) Direct-to-Consumer & International segment. Watch Brian Sozzi's full interview with Kevin Mayer, and keep up to date with Yahoo Finance's coverage of this year's Cannes Lions International Festival of Creativity. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- Yahoo Finance
Paramount is an impaired asset with a broken deal process, according to top adviser to Disney CEO
Paramount's troubles have media veterans whispering about what could be next.
- Yahoo Finance Video
Global central banks, Kevin Mayer at Cannes: Catalysts
The markets (^DJI, ^IXIC, ^GSPC) are rebooting from a mid-week holiday and probably already getting prepped for the weekend. Yahoo Finance's Madison Mills and Brad Smith walk investors through the morning trading hours and what's moving markets on Thursday's episode of Catalysts. Deutsche Bank Global Chief Investment Officer Christian Nolting joins the show to talk about the diverging interest rate paths of global central banks and the US Federal Reserve. Needham & Co. Senior Media & Internet Analyst Laura Martin breaks down her coverage of Apple's AI plans (AAPL), Netflix's immersive Netflix House experience (NFLX), and Reddit (RDDT). Candle Media Co-Founder and Co-CEO Kevin Mayer sits down with Yahoo Finance Executive Editor Brian Sozzi at the Cannes Lions International Festival of Creativity to tackle a wide array of subjects within the media landscape, including streaming platforms' pivots into live sports, Disney (DIS) CEO Bob Iger's future succession plans, and Paramount Global (PARA, PARAA) acquisition saga. Keep up to date on Yahoo Finance's full coverage of this year's Cannes Lions International Festival of Creativity. This post was written by Luke Carberry Mogan.
