I'm already well aware of everything going on at NBC with this and its also not an uncommon thing for Accountants to push losses into one particular quarter, especially if you're doing something new that will have upfront, sunk costs.
If NBC was worried about losing 3Billion to start off, they sure don't sound worried about their future.
“We believe 2023 will be peak losses for Peacock and, from there, steadily improve,” said Comcast president Michael Cavanagh during a company earnings call.
Comcast also announced that Peacock’s annual revenue had almost tripled to $2.1 billion and that the service had gained 5 million additional paid subscribers during its fourth quarter, surpassing 20 million total subscribers. “It’s very clear we picked the right business model,” said NBCUniversal CEO Jeff Shell. “We made that investment... and made clear from the start we’re going to make a return on that investment. I think we feel better about that now.”
The writing is on the wall that cable tv is dying and streaming services are going to take over. Further we might even see Apple end up on Cable/Satellite TV as those companies look for more content producers.
I’m no proponent of cable/satellite and I don’t like having to pay for channels I don’t watch. However, I don’t think it has been fully thought out how streaming will replace cable/satellite. Flipping around “channels” on streaming or between streaming and cable/satellite is not very easy or quick.
Peacock and others may survive but eventually they have to turn a profit. Getting more subscribers means putting more money into the content. It is a fine balance and/or vicious cycle where at some point the content has to be good/high quality and you are getting more money coming in. This is why I said it might not happen until cable/satellite fail completely - otherwise there are still too many options for someone to spend money on their home entertainment.
Last edited by GDuck on Tue Aug 01, 2023 3:24 pm, edited 2 times in total.
Phalanx wrote:
Following this debate with interest. I had stock until recently in another media company that is trying to throw everything into streaming. The company is old media and has several profitable sectors, but the streaming end is sucking it all dry, and this despite rapid growth in subscriber numbers. A lot of challenges in that sector. One thing these companies are all searching for is content though. Gotta think Oregon will find the right path eventually, one way or another.
My position is that once LA left the West Coast we were always going to be screwed and this is about making the best of a bad situation which I think is a point that's lost on some people on here.
1.5 Billion for 4 schools that combined have 1 quality basketball program is why I think the conferences are all going to be re-worked in a few years.
Regarding that tweet... I think it's a bit disingenuous because Oregon's payout will be much higher than $20 mil per year. Based on that rumored agreement floating around yesterday it would average out to be closer to $30 mil per year.
The point still stands though that everyone not in the B1G or SEC is going to be significantly behind financially.
GDuck wrote:
I’m no proponent of cable/satellite and I don’t like having to pay for channels I don’t watch. However, I don’t think it has been fully thought out how streaming will replace cable/satellite fully. Flipping around “channels” on streaming or between streaming and cable/satellite is not very easy or quick.
Peacock and others may survive but eventually they have to turn a profit. Getting more subscribers means putting more money into the content. It is a fine balance of vicious cycle where at some point the content has to be good/high quality and you are getting more money coming in. This is why I said it might not happen until cable/satellite fail completely - otherwise there are still too many options for someone to spend money on their home entertainment.
Well for starters, I don't pay for cable/satellite but I do pay for a few streaming services, so in regards to thinking about how it will replace it, its really simple: you stop paying for it. When I turn my tv on, it shows my lists of Apps and I go from there.
I also imagine it won't be that hard for a TV company to create a new PIP function that does allow you to swap between your Apps on your tv since it would behoove the TV maker to create that.
1.5 Billion for 4 schools that combined have 1 quality basketball program is why I think the conferences are all going to be re-worked in a few years.
Regarding that tweet... I think it's a bit disingenuous because Oregon's payout will be much higher than $20 mil per year. Based on that rumored agreement floating around yesterday it would average out to be closer to $30 mil per year.
The point still stands though that everyone not in the B1G or SEC is going to be significantly behind financially.
Dude, come on you know that’s not even close to true. Even your lord and savior JC has changed his tune.
So the Arizona BOR meeting ended its public session after only 30 seconds to go into private executive session. It'd be surprising if they made any major decision about Arizona and ASU privately.
Dude, come on you know that’s not even close to true.
It's true based on that rumored deal that was circulated yesterday, and we don't know many actual numbers beyond that. In that deal, $20 mil/school was a minimal baseline with all kinds of provisions adding to those totals especially for 1) incumbent schools and 2) winning programs. And the deal becomes more lucrative for incumbent schools if the AZ schools bounce, which is a nice bonus.
Wasn't it you who insinuated that Pac-12 attendence was down because of Colorado/Utah coming into the league and not because of gametimes increasingly moving to 7 p.m.?
Speaking of the AZ schools bouncing, we should have some clarity on that soon.
There's a lot to take in with this whole thing. One thing to consider is that Apple could potentially acquire ESPN from Disney. IF that were to happen that would open up ESPN to the Pac whatever down the road, it could also be put into the negotiations that ESPN would be required to show so many Pac games per month or week to boost viewership.
Another thing to consider is that market size only consists of potential viewers, not actual viewers. If this media deal is incentived based on views, this is a bad deal for the Pac. Nobody is watching the bottom half of the conference outside their own fan bases. Do people in the bay area really pay to watch Cal and Stanford, or do people in Dallas pay to watch smu (if they were to join) outside of their own fans? Unless Apple were to acquire espn, and another option were to come along, this is a bad deal in my book.
Apple will also have some time to work it's way INTO Cable and Satellite as well. Don't be surprised if the P12 Network from Apple is still on your tv "sports package" by the time they take over.
It's been over an hour with no update on the executive session so they must be having some serious discussions in there. It's like waiting for the smoke to appear at the Vatican when they're voting on a new Pope.
One things for sure.
We won't be able to pay teams $1 million to come play us at home. We will have to seek out money games on the road which might lead to great out of town games against high quality teams and increase our sos. That might make some of you very happy.
Just saw a blurb from a staff guy at BRO (UCLA 247) saying Oregon and Washington are likely to take a partial media deal share (similar to Rutgers and Maryland) to go to the Big 10. I have long considered this the likely outcome, despite being hopeful that the Pac could pull out a miracle.
It just gets to me that Oregon is having to be a partial member while the L.A. schools get the full meal deal. Grrrr
wepto wrote:
I those numbers are accurate Oregon won't stay in the Pac-12.
Yeah, as Phalanx is hinting at, Networks know the value of our brand relative to what they pay others so it could be that the B1G has heard from NBC that they've got X amount of dollars they'll add to help bring UO/UW on board with LA.
I'd still imagine we'd have to hear from B1G members about approving such a move but now that "Board of Regents/Trustees-Watch" has been established as a thing we should know soon I'd imagine.
If nothing else, everybody's talking about the PAC