Twitch Audience & Growth - Twitch audience loyalty is demonstrated by users with subscription badges indicating 6-8 years of support [1] - Twitch experienced significant growth during the pandemic, followed by a decrease as people returned to pre-pandemic routines [2] - Current audience behavior involves less time for long streams, favoring short-form content like TikTok videos [3] Content Creator Economy on Twitch - Subscribing to a Twitch streamer involves a $5 per month recurring payment, differentiating it from platforms like YouTube [5] - Streamers and Twitch share the subscription revenue [5] - Streaming can provide a consistent income stream due to the monthly recurring subscriptions [6] - A streamer's income primarily comes from ads and sponsorships, similar to other platforms [6]

RT Bloomberg Live (@BloombergLive)@pokimanelol "When people are at home, they are willing to watch a stream for 6+ hours a day."Digital Creator & Streamer @pokimanelol explains how audience behavior on Twitch has changed over the years at #BloombergScreentime.⏯️https://t.co/SRNm6rWY6G https://t.co/5IFizMnLt3 ...

RT Bloomberg Live (@BloombergLive)"I think Twitch is the best place to connect and engage with people, that's what made me fall in love with streaming."Digital Creator & Streamer @pokimanelol opens up about her streaming career on Twitch at #BloombergScreentime.⏯️ https://t.co/SRNm6rWY6G https://t.co/c8dZMRX7kX ...

Core Insights - The article highlights Fox Corp (FOXA) as a strong investment opportunity due to its market leadership in cable broadcasting, particularly in live sports and news, which attract significant advertising revenue [3][8][12]. Business Segments - Fox operates two main segments: cable network programming and television, with cable network programming revenue projected to grow from $5.0 billion in fiscal 2018 to $6.9 billion in fiscal 2025, reflecting a 5% annual growth rate [4][5]. - The television segment, which includes the FOX broadcast network and Tubi, is expected to see revenue increase from $5.1 billion in fiscal 2018 to $9.3 billion in fiscal 2025, representing a 9% annual growth rate [6]. Market Position - Fox is the largest cable TV broadcaster in the U.S., with FOX News being the top-rated national cable news channel for over 20 years [9][11]. - In July 2025, FOX News averaged 2.4 million viewers in primetime, capturing 63% of the cable news share [17]. Live Sports and Events - Live sports events remain crucial for advertisers, with FOX holding rights to major events like the Super Bowl and FIFA World Cup, which attract massive viewership [12][13][14]. - The Super Bowl LVII in February 2023 had an estimated 113 million viewers, while Super Bowl LIX in February 2025 set a record with 128 million viewers [13]. Digital Distribution - Fox is expanding its digital offerings, including Tubi, which has 100 million monthly active users and a 2.2% market share of all television viewing [21]. - The recently launched FOX One service aims to attract "cordless" consumers by providing access to live events and entertainment without undercutting existing cable subscribers [22]. Financial Performance - Since fiscal 2020, Fox has achieved a 6% annual growth in revenue and a 5% growth in net operating profit after tax (NOPAT) [24]. - The company's NOPAT margin slightly decreased from 16% in 2020 to 15% in 2025, while its return on invested capital (ROIC) improved from 17% to 19% [25]. Shareholder Returns - Fox has returned $1.8 billion in dividends and repurchased $6.6 billion in shares since fiscal 2020, with a new authorization for an additional $5 billion in share repurchases [28][30]. - The combined yield from dividends and share repurchases could reach 4.7% [30]. Balance Sheet Strength - Fox reduced its total debt from $8.5 billion in fiscal 2020 to $7.6 billion in fiscal 2025, while increasing cash and equivalents from $4.6 billion to $5.4 billion [36]. - The adjusted debt net of cash fell from $3.5 billion to $1.4 billion over the same period, indicating a strong financial position [36]. Market Valuation - At a current price of $59/share, the market implies a permanent decline of 20% in NOPAT, which may be overly pessimistic given Fox's historical growth rates [41]. - If NOPAT grows at a modest rate of 1% annually, the stock could see a 39% upside to $82/share [43].

RT Cumberlord (sosij/acc) (@lordcumberlord)2 weeks ago I started streaming on @pumpdotfunI've since streamed every morning, Mon-Fri, showcasing @Starknet gamesI'd never streamed before, but am already getting comfortable with the format and am pretty sure I'll be a big deal 1 day.The ticker's $advtr - nfa https://t.co/DzKD6aA5LD ...

Broadcast TV Challenges - Boycotts of shows like Jimmy Kimmel by Sinclair and NextStar highlight political sensitivities and potential harm to broadcasters [1][5] - Long-term viability of national broadcast TV is threatened as content shifts to streaming, negatively impacting broadcast stations [7][8] - Cord-cutting and advertising shift to streaming create headwinds for broadcast station groups [9] - NFL's potential shift of content to cable and streaming poses a significant long-term problem for broadcasters [11] Media Consolidation - Industry experts believe media consolidation is inevitable due to the large number of streaming services [13] - Hulu will be integrated into Disney Plus, eliminating the separate Hulu app [14] - Paramount is reportedly considering a bid for Warner Brothers Discovery to merge HBO Max and Paramount Plus [15] - The industry anticipates that only three large-scale streaming services will ultimately dominate the market [17] Investment and Financial Considerations - Doubts exist regarding Larry Ellison's willingness to invest $40-50 billion in cash for Warner Brothers [20][21] - Tik Tok US is structured as a joint venture, maintaining the existing algorithm and content, which benefits ByteDance [25][27]

Industry Trend - Streaming has replaced cable and broadcast [1] Event - Bloomberg Screentime event will be held in LA this October [1]

Prediction markets x streaming = future of media.Two big trends are cementing this into reality:Nobody trusts mass media.Everybody wants to speculate.Right now, putting your money where your mouth is the ultimate truth test. Prediction markets have been proven to be faster, more reliable, and more digital native than traditional media.With real-time coverage on our stream, the unique value of prediction markets become extremely compelling.It’s also one of the best onboarding levers for our industry as a who ...

Vision & Strategy - A founder's dedication to their vision is invaluable for success [1] - A strong vision and commitment are crucial for a winning strategy [2] - Pivoting brand strategy can significantly improve outcomes [2] - Frequent changes in direction can lead to failure [2] Execution & Development - The company has been developing its streaming platform for 6 months [3] - The company is unveiling a significant first step in its Rollup TV plan [4] - The company aims to "cross the chasm" and "break out of the echo chamber" [4] - The company has scaled, hired, and prioritized quality [4] Market Validation & Future Growth - Market validation supports the company's efforts [4] - The company is focused on continued building and growth [4]

Group 1 - Paramount is considering making an offer to acquire Warner Brothers Discovery, but the timeline for this offer may be longer than previously anticipated, leading to a decline in Warner Brothers stock [1] - The potential offer could be in the range of 22 to 24, with 20% to 30% of the consideration possibly being in Paramount stock, indicating a strategic negotiation approach [1] - Paramount's stock has performed well during this period, with a significant portion controlled by Larry Ellison and his partners, suggesting a strong backing for any potential cash component of the deal [1] Group 2 - The merger could create a significant player in the streaming market, potentially positioning the combined entity as the second-largest streamer after Netflix, surpassing Disney [2] - There are plans to split Warner Brothers Discovery, which may lead to cost savings by consolidating news organizations like CBS and CNN [3] - The current administration may view the merger favorably, as antitrust concerns seem less pronounced in the evolving media landscape [5] Group 3 - There is speculation about potential interest from major players like Netflix, Amazon, or Apple in acquiring the studio streaming business after the split occurs next year [7] - However, it remains uncertain whether Netflix would pursue such an acquisition due to the potential negative impact on its stock price, given Warner Brothers' substantial cable presence [8]