Welcome back to the exchange. We're a little more than five hours away from the return of NFL football. And while Americans are already cheering, the league is hoping to also grow its international fan base.Julia Boyston joins me now with that story. Hi Julia. Hey Morgan.This is a landmark season for the NFL as its big push into streaming is also its gateway to global expansion. Tomorrow there's a Chiefs and Chargers game in Brazil and it will stream exclusively and for free on YouTube. So this is a notable ...

IMAX Corporation Conference Summary Industry Overview - The theatrical exhibition industry, particularly in North America, is facing challenges, with a reported 14% decline in box office revenue for North American exhibitors quarter to date [2] - IMAX, however, is experiencing a record year, projecting $1.2 billion in box office revenue, with a quarter-to-date revenue of approximately $270 million, up 40% from the previous year [1][2] Key Points and Arguments IMAX's Unique Positioning - IMAX has successfully pivoted to a global content strategy, with one-third of its box office revenue coming from foreign language films [2] - The company is focusing on premium experiences, which are in high demand post-pandemic, leading to a 40% increase in market share compared to pre-pandemic levels [8] - IMAX's Filmed For IMAX program is gaining traction, with 11 films already committed for 2026, indicating strong demand from filmmakers [9][11] Box Office Performance - IMAX's share of the domestic box office for blockbuster films has increased from 10% to 15% this year [13] - The company has successfully managed scheduling conflicts between studios, ensuring optimal release dates for films [14] Local Language Content Growth - Local language films have grown from approximately 10% of IMAX's box office pre-pandemic to around 33% in 2023, with expectations to reach 40% in the coming years [36][39] Streaming and Theatrical Dynamics - The competition for blockbuster slots has intensified with the entry of streaming services like Apple and Amazon into theatrical releases [19] - IMAX is adopting a pragmatic approach to the hybrid model of streaming and theatrical releases, collaborating with streaming platforms to enhance box office performance [20][23] Market Expansion Opportunities - IMAX is about 50% penetrated in its total addressable market, with significant growth potential in underpenetrated regions like Western Europe and the Middle East [30][32] - The company has seen rapid growth in Japan and Australia, with new theater signings and increased box office performance [31] Capital Allocation Strategy - IMAX employs two models for theaters: equipment sales and joint ventures, with a preference for joint ventures in high-revenue markets like Japan [40][41] Content Diversification - IMAX is exploring diverse content types, including concerts and live events, which have proven successful in attracting new audiences [47][48] AI Integration - IMAX is leveraging AI to enhance business operations, improve programming decisions, and monitor theater performance in real-time [51][52] Other Important Insights - The company is optimistic about upcoming films, particularly "Odyssey," which is the first film shot entirely with IMAX cameras, and anticipates strong performance from "Avatar" and the new Star Wars film [56][57] - Despite a strong second quarter, IMAX's stock experienced a decline due to market perceptions focused on North American exhibitors, highlighting a disconnect between IMAX's performance and investor sentiment [37][38] This summary encapsulates the key insights from the IMAX conference, highlighting the company's strategic positioning, growth opportunities, and market dynamics.

Streaming Platform Analysis - The document discusses potential earnings on Pumpfun for streamers ranked in the top 75 on @notthreadguy's tier list [1] Content Creator Economy - The analysis focuses on income generation within the streaming and content creation industry [1]

A dispute between the NFL and Nielsen has spilled out in public. One reason for the back-and-forth: the audience-data firm’s measurement of streamers. https://t.co/Ewlv7RLEXb ...

Group 1: Costco - Costco has shown steady financial performance with net sales increasing at a compound annual rate of 10.8% from fiscal 2019 to fiscal 2024, despite challenges like the COVID-19 pandemic and inflation [4] - In Q3 2025, Costco reported net sales of $62 billion, making it the third-largest retailer globally, with an average of 4,000 stock-keeping units per warehouse, providing a significant cost advantage [5] - The company's membership model boasts a 90.2% renewal rate, driving customer loyalty and high-margin revenue [6] - Costco's shares are trading at a price-to-earnings (P/E) ratio of 53.9, indicating a high valuation that investors must consider [7] Group 2: Disney - Disney's cable networks are experiencing a decline, with revenue falling 15% year over year in Q3, and operating profit dropping 28% [8] - The company has successfully positioned itself for a streaming future, with Disney+ and Hulu combined having 183 million subscribers, leading to a 6% year-over-year revenue gain [9] - Disney launched a new ESPN streaming service aimed at enhancing the sports viewing experience [10] - The Experiences segment, including theme parks and cruise lines, reported a 27.7% operating margin in Q3, with management identifying 700 million potential customers with high Disney affinity [11] - Disney shares are available at a P/E multiple of 18.5, suggesting greater upside potential compared to Costco's high valuation [13]

Film Industry Trends - Streaming movie about a Korean girls band battling invaders from the underworld became the summer's biggest sensation [1] - "KPop Demon Hunters" is the most-watched Netflix original film of all time [1]

1,000 Songs Have Reached One Billion Streams On Spotify: Which Artists Have The Most? https://t.co/FOyG8JnR3c https://t.co/p9X97RsQcH ...

The pop star’s status has built up quickly. In the first half of 2022 her songs were streamed 73m times in America; in the same period this year, that number had jumped to 1.9bn https://t.co/OX9LqPi4xt ...

YouTube's Evolution and Dominance - YouTube accounts for approximately one-fifth (20%) of all internet traffic [2] - In the US, YouTube's TV viewership surpasses Netflix, Amazon, and all of Disney's TV networks and streaming services combined [3] - YouTube was serving 30 million videos a day to 9 million people a month within a year of its founding [6] - Google acquired YouTube for $16 billion [9] Financial Performance and Advertising - YouTube ads have consistently contributed 10-11% of Alphabet's total revenue over the past five years [15] - In 2024, YouTube ad sales reached $36 billion, nearly matching the combined ad revenue of Disney, Paramount, Fox, and NBCUniversal [15] Challenges and Competition - YouTube faces competition from platforms like TikTok, particularly in attracting younger audiences [28] - The platform grapples with content moderation issues, including terrorism content and advertiser boycotts [21] - YouTube is navigating the ethical implications of using its vast video library to train AI models [23][24] AI and Future Strategies - Google is developing AI tools for creators, such as translation and dubbing, to help them reach wider audiences [26] - The rise of AI-generated content poses a challenge for platforms like YouTube in terms of content quality and advertising [25][26]

Should I start streaming on Pumpfun? ...