So, let's get more on what to expect from Clay Grid executive chair, CNBC co-founder, Versent Media, senior adviser, and all-around good guy, Tom Rogers. Tom, uh, I I can't see how Netflix fires on more cylinders. Is there anything else they can do to make things even better.Because they they seem to be kind of running the media show right now. Well, Brian, as one analyst said uh in a Netflix note, uh congratulations on your engagement. Uh because their engagement with uh the biggest movie they've ever had ...

Partnerships & Integrations - Twitch is collaborating with Meta to integrate its wearable device access toolkit, enabling hands-free live streaming for AI classes [1] - Third-party apps like Streamlabs and Unlimited IRL are also developing Meta AI classes functionality, expanding streaming options [1] Mobile Streaming Enhancements - Twitch acknowledges the need for improvement in mobile live streaming capabilities [2] - The company plans to continue investing in features important to mobile streamers [2] - Support for Meta devices will be added to the Twitch mobile app in the coming months [1]

Dual format streaming let streamers go live in both vertical and horizontal formats at the same time. So this means no matter where your viewers are tuning in from, they'll have an optimal viewing experience. In August, we began testing dual format streaming in alpha with a limited number of streamers, and since then, we've added new features and updates based on their feedback.I'm excited to share that we're ready to move dual format streaming into beta testing. [Applause] So just last night I streamed in ...

Core Insights - Roku has experienced significant growth since its inception, with a nearly 1,300% increase in trailing-12-month revenue since going public in 2017, surpassing $4 billion annually [4] - The company has impressive adoption metrics, with over 125 million daily users and more than 35 billion hours of video content streamed in Q2 2025 [5] - However, Roku's platform gross margin has declined to 51% in Q2, marking a significant drop from over 70% at the time of its IPO [7] Company Overview - Roku was founded by Anthony Wood after Netflix decided not to pursue its smart-TV operating system project, allowing Roku to independently develop its platform [3][9] - The company generates revenue through hardware devices and its operating platform, with 88% of Q2 revenue coming from digital advertising on its platform [6] Financial Performance - The decline in gross margin from its platform revenue indicates potential challenges in maintaining profitability, with hundreds of millions of dollars in annual gross profit at stake if margins were maintained [8] - Roku's current market valuation stands at $14.5 billion, suggesting that improvements in gross profit could significantly impact its stock price [8]

Sports Streaming Expansion - Apple secured exclusive US rights to air Formula One races [1] - The company's sports streaming offerings already include Major League Soccer and Major League Baseball [1]

Customer Segmentation - The streaming-only or broadband-only customer represents a distinct segment from traditional linear TV viewers, with limited overlap [1] - Cost is a primary driver for consumers choosing less expensive virtual MVPDs [2] Content Delivery - Content delivery is becoming increasingly agnostic, with fast channels, linear channels, and on-demand streams all utilizing unicast technology [3] - The shift from broadcast to unicast is transforming content delivery [3] Business Strategy - Providing value, reliable customer service, brand representation, and ease of use are crucial for success [4] - The company believes in a strategy focused on delivering value to customers [4]

Partnership & Strategy - Charter and Disney's partnership is thriving, emphasizing customer-centric approaches and mutual benefits [7][8] - Charter views video as a unique way to enhance the appeal of its internet and mobile products, despite lower margins compared to broadband [11] - AMC Networks prioritizes broad distribution of its content, leveraging partnerships like the one with Charter to expand reach [22][24] - ESPN is committed to the pay TV environment, adding value through product enhancements within the ESPN app for Charter subscribers [29][30] Customer Experience & Value - Removing friction from the content discovery process benefits both Disney/ESPN and the customer [5] - Charter aims to provide value and utility to customers through platforms like Zumo, partnering with Comcast [13] - Charter is bundling direct-to-consumer apps to provide value to customers, potentially saving them money [17][18] - Charter is addressing customer distrust by ensuring included services are not just free trials but part of the service [57][58] Technology & Future Trends - Personalization and interactivity are key technological trends, with ESPN prioritizing both through its app [93][94][95] - Charter emphasizes the importance of high-capacity, low-latency networks to support rich applications and content [101] - The industry acknowledges the need to integrate social and user-generated content to engage younger audiences [69][72]

Content Creation & Platform Dynamics - The content creator started with video games on Twitch in 2013 and expanded to IRL (In Real Life) and just chatting content [2][3] - Twitch initially only allowed game streaming, but later supported diverse content types, enabling creators to showcase different aspects of their lives [3][4] - The content creator's audience demographic varies by platform; Twitch is majority male, while TikTok is majority female, allowing the creator to tap into different hobbies and interests [6][7] - Safety concerns, both online and in-person, are a significant consideration, especially for IRL streaming in certain locations like LA, often requiring security [8] - The content creator prioritizes speaking to direct experiences and how they affect others, particularly regarding online safety issues that impact women and girls [10][11] - The content creator focuses on human rights and respecting others' rights when discussing political topics [12] Monetization Strategies - Twitch has a unique subscription model where viewers pay $5 per month to support creators, generating income [14][15] - The content creator's income primarily comes from sponsorships and contracts, followed by business ventures and then subscriptions [15] - Income streams differ greatly depending on the platform; Instagram and most other platforms rely primarily on ads and sponsors [15]

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 ...