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Episode 88: Disney's CEO Says They Are Behind Netflix in Terms of Tech; Detailing Fubo and Paramount Full Year Earnings, SeaChange Sold for $30M
Episode 88: Disney's CEO Says They Are Behind Netflix in Terms of Tech; Detailing Fubo and Paramount Full Year Earnings, SeaChange Sold for $30M
ratings:
Length:
34 minutes
Released:
Mar 17, 2024
Format:
Podcast episode
Description
This week, we detail how SeaChange, which once dominated the cable TV operator market and had over $216 million in revenue, will have its assets acquired for $30 million. We break down the numbers you need to know from Fubo's full-year 2023 earnings, ending with 1.61M subscribers and reaffirming their expectation to reach positive cash flow and adjusted EBITDA in 2025. We also detail Paramount's full-year 2023 earnings, ending with 67.5M subscribers and DTC losses of $1.6B, forecasting profitability for Paramount+ domestically in 2025. Finally, we discuss some of the latest news from Disney, including Bog Iger's remarks about the mistakes they made around the launch of Disney+, including not having the right tech to lower customer acquisition and retention costs and acknowledging that the company is behind Netflix in terms of technical capabilities.Podcast produced by Security Halt Media
Released:
Mar 17, 2024
Format:
Podcast episode
Titles in the series (100)
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