Perkins Miller

PENN Entertainment, Inc has announced that ESPN Bet will soon be seamlessly integrated into the ESPN and theScore apps across North America. This development means users will be able to track their bets, including all legs of parlays, live within these popular media platforms. The integration also includes personalized betting offers, real-time odds updates, and various wagering options, all designed to enhance the overall user experience. https://lnkd.in/eDWnHXrj Personalization is becoming increasingly important for betting platforms to differentiate themselves in a crowded market. If you're looking to elevate your sports betting platform, check out my recent article where I discuss strategies for creating a standout user experience: https://lnkd.in/eWXPqMkJ #DataArt #DataArtMedia #sportsbetting #bettingnews #sportsbusiness #sportsbiz 

5

1 Comment

SiriusXM reported its Q1 earnings this morning, and the headlines are justifiably focused on its loss of subscribers (nearly 500k). Like all radio, its subscription business is highly vulnerable with the move to digital audio, especially in cars. But a bright spot? If you paid attention to Spotify's earnings, you wouldn't be surprised: "off-platform revenue." For SXM, this includes Pandora and podcast revenue, which saw a 7% revenue increase. During their investor call, they signaled the growth for podcasts, explicitly saying, "Podcasting revenue saw a 22% year-over-year lift in the quarter, while programmatic podcast revenue increased 12% sequentially and 97% year over year." I'd love to see SXM break out the podcast numbers even further, but if you look at what they do provide, it's easy to conclude that podcast revenue is growing much faster than other segments. For example, Pandora continues to bleed users (64k paid subs in Q1 alone), so podcast revenue seems to be the tide lifting all "off-platform" boats. When asked about their podcast initiatives, Scott Greenstein said, "One is, you know, the podcast thing and industry is really still in the second or third inning, so it's evolving." He is 100% right. SXM also signaled that it will continue to license more podcast content and is not closing the book on exclusive content. One more fun nugget: On today's call, podcasts were mentioned 30 times. Pandora was only mentioned ten times, SmartLess nine times, and Howard Stern... zero point zero. Where do you think their priorities are moving forward? Read more: https://lnkd.in/eRQTM2Kq ---- I'm the CEO and founder of DWNLOAD Media, a fund focused on acquiring majority stakes in podcast companies. With continued audience and revenue growth, podcasting continues to be the most under-valued medium, making it time to invest in audio. If you're interested in investing in the podcast space, DM me! #podcasting #audio #siriusxm #sxm #earnings #investor #investing #podcasts

96

20 Comments

Right Click Culture is headed to Gamescom in Cologne! We're headed out there with a large crew this year including Sam Alavi (CEO), Sahil Mehta 🔜 Gamescom (President, Right Click Brands), Tyler Malloy (President, Talent Management), Willy Wright 🔜Gamescom (Sr. Sponsorship Agent), and myself! Excited to connect with new folks & reconnect with familiar faces to bring everyone up to date on what we've been up to over here. Being a part of this industry has been an absolute privilege and looking forward to continuing that journey with friends & colleagues. If you'd like to get some time together with myself or any of my team, please email meetwith@rightclick.gg and we'll make it happen! IYKYK but if you don't.... then here's some high level info on us 📽 Creative Agency: The team behind some heavyweight campaigns such as Amazon Prime Gaming's "Mr. Beast vs Ninja", Bella Poarch's "Level Up" series, and NRG x Rockstar Energy's Sound Series featuring artists such as The Kid Laroi, Don Toliver, That Mexican OT, -- AND, a brand new AAA campaign we are very excited to share with y'all 📈 Brand Partners: We represent some of the best and brightest creators in the games space (amongst other spaces), we pride ourselves in not just being another talent representation agency but an agency full of personailty looking to build meaningful relationships with brands and buyers alike. With over 50 creators totaling 150M+ followers, in-depth gaming focus via talent like Jynxzi, Will Neff, Caroline Kwan, PENTA, Noko, Jack Sather, and many more. 👨‍💻 Creator Management: Our approach to creator management is what sparked the inception of Right Click Culture just 4 years ago, our management company firmly believes that Agents and Managers are different jobs and creators should have access to both. Our full-service management approach starts from content and concept ideation, video/content packaging, proprietary editing technique and many other services 🎵 Music & Artist Management: Our backgrounds come from decades in the music industry, watching how the archaic system of labels and lack luster managers were constantly under-servicing talented and driven musicians/artists. Having only opened our music management arm just under 2 years ago we're tremendously proud of the roster of wonderful artists that choose to call Right Click their home, folks like; bbno$, YNG Martyr, Inverness (producer), Scene Queen, Rei Brown, and many more.

19

2 Comments

The OpEd piece by Bill Miller (President, American Gaming Association) asking for federal action against illegal online gambling operators in the Pittsburgh-Tribune is spot on (see link). It's time for "the Feds" (Department of Justice and FBI) to take comprehensive action to block / disable illegal gambling sites that US players are accessing. The Feds were super effective at dismantling the illegal online prescription drug business in the 1990's. They can do the same for illegal online gambling sites and apps and help our industry protect players in the United States of America. https://lnkd.in/gb8mm7gp

22

2 Comments

According to Nielsen’s latest report from June 2024, streaming has hit an all-time high, accounting for 40.3% of total TV usage! This surpasses the previous record set by cable in June 2021, marking a historic moment in TV consumption. The TV landscape is evolving rapidly, with streaming services continuously capturing more audience share. ✔ Disney+, Tubi, Netflix, and Max saw double-digit monthly usage growth. ✔ Younger viewers (17 and under) played a significant role, with a 16% increase in viewing from kids aged 2-11. ✔ Top streaming titles like Netflix’s Bridgerton and Your Honor on Netflix and Paramount+ dominated viewing minutes.

3

Great article from Rob Wile at NBC News on why FAST services like Pluto TV or Tubi are already incredibly successful and why we are still scratching the surface of something way bigger🚀 💵 .Ross Compton, CFA provides a spot-on analysis that resonates with our vision a decade ago when we spearheaded the FAST market with Pluto TV. "It’s a repackaged version of the old method of distribution, noting that the original broadcast networks were all supported by advertising and the only investment a viewer had to make was in a TV set and an antenna. Now, it’s the same thing, just over the internet. The demand for FAST channels is sustainable — for one simple reason. You really can’t beat free." (Ross Compton, CFA) Free and easy access combined with high-quality content shaped the golden age of TV. The same ingredients are needed for FAST, even if we needed to rethink channel programming and curation in the new era of internet, social networks and the overabundance of video content. Same is true for advertising, it has funded so much of the best TV content over the decades. FAST advertising is like TV advertising but with more data, targeting and measurement! So YES, there is such a brillant future in front of the FAST business! 📺 #FAST #PlutoTV #Tubi #NBCnews #fastchannel #Avod #streaming

65

Global on-demand audio streams surged by 15.1% to a staggering 2.3 trillion in the first half of 2024, marking a significant uptick in the music streaming industry. Within this total, U.S. streams accounted for 665.8 billion, showcasing an 8% year-over-year increase. Interestingly, the U.S. streams represent less than 30% of the worldwide total, signaling accelerated growth in international markets. This rapid expansion is not only reshaping the industry but also driving music content IP revenue upwards. #MusicStreaming #MusicIndustryGrowth

10

1 Comment

“Apple Music is rolling out a new ‘premium’ data analytics toolkit for its record label and distributor partners. The new ‘Apple Music Partner Program’ features various tools for Apple Music’s partners to track trends on its streaming service as well as global radio plays using Shazam technology. According to the landing page for the platform, it offers “access [to] more tools to break the next talent, spot emerging trends, and uncover new insights about your content”. “Apple Music already runs another analytics platform in Apple Music For Artists, which was made available for every artist on Apple Music in August 2019. Apple Music For Artists allows artists to monitor the volume of their streaming plays on Apple Music, all within a data set that updates daily. Spotify launched its own Spotify For Artists app in 2017 (an evolution of the ‘Fan Insights’ tool it introduced two years earlier) to provide artists and their teams with information pertaining to their popularity on the service. Like Spotify for Artists, the Apple Music For Artists service is available as both a desktop interface and a standalone mobile app.” #Apple #AppleMusic #Artists #RecordLabels #Spotify #Fans #Fandom #Streaming #StreamingRoyalties #Royalties #RecordedMusic #StreamingServices #StreamingMedia #MusicTracks #MusicStreams #Music #MusicBusiness #Musica #MusicIndustry #Musique #Musik #MusicBiz

5

1 Comment

📈 Streamflation Alert: Subscription prices are rising again! In 2024, platforms are boosting prices for the second time in two years. Streaming services like Peacock, Max, and Spotify are increasing costs, often coinciding with major events or new content launches. 💡 Why the price hikes? Streaming platforms are adding more content and employing strategic moves to drive users towards ad-supported tiers, which generate higher revenue. For example, Peacock raised prices right before the Paris Olympics, and Max did so ahead of the new season of House of the Dragon. Bundling services are also on the rise, with companies like Disney and Verizon offering attractive package deals to reduce subscriber churn and enhance value. 📊 What's next? Analysts believe these price hikes are just the beginning, expecting more increases by the end of the year. The goal is to boost margins and gently push consumers towards ads and bundles, supporting the company's larger financial objectives. #TV #svod #streaming #bundle https://lnkd.in/e8-uYitV

8

An interesting update on what Disney's streaming division profit might mean for the TV industry from Guy Bisson at Ampere Analysis "Disney's results show that that transition [from linear to streaming] is now in full swing: as with other studios (and linear channel businesses around the world), Disney's linear business is in fairly sharp decline (revenues dropped 10% in the past six months against a year earlier). There is no going back from here." Could it mean an end to this cost cutting round and a cautious return to investing in new originals? "One thing that has never changed about the on-demand streaming model, though, is its voracious appetite for fresh content. Original production is a key part of that and with pressure now easing on costs, some resurgence of original production must surely follow." Let's hope this is corner turned! Read the full article below for this and other interesting insights.....

3

Streaming is evolving to resemble old cable TV, focusing more on profitability than growth at all costs. According to insights from global streaming leaders shared by the NYT, several trends are emerging: - Increased prices and more advertisements. - Bundling of services. - Potential shutdowns and mergers of existing streaming platforms. - Increased content spend and licensing of content. - Greater investment in live sports. To thrive in streaming, you need to aim for 200+ million global subscribers. Despite all of this, content is still king! Quality programming and creativity are still crucial for the long-term success of streaming services (as a consumer, this one makes me very happy). https://lnkd.in/eViUFSU5

26

3 Comments

Recent research shows that nearly 50% of pay TV users find live sports "very/extremely important," with the NBA leading the way at 68%. As the NBA explores expanding its broadcasting to platforms like Amazon Prime Video and NBCUniversal, annual rights fees could soar to $2.5 billion each. While this strong viewership attracts top-tier advertisers, the question remains: Will long-term contracts align with evolving consumer behaviors? The rise of AI in media planning might shift ad dollars to social media and digital audio, challenging traditional TV and streaming services. The stakes are high, and the game is on. 🏀  

9

Our second episode of WE CALL IT IMAGINEERING debuts on YouTube tomorrow, check out the teaser below!

53

3 Comments