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Published Mar 31, 2022

CNN+, Investing Platforms, and the Return to Fundamentals — with Leif Abraham

Scott Galloway and Leif Abraham delve into the shifting landscapes of masculinity, fintech, and media, advocating for balance in personal lives, ethical business in investment platforms like Public.com, and analyzing the financial challenges and triumphs in the streaming industry, marking a new era in digital media.
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Episode Highlights

  • Streaming Milestones

    The streaming industry has reached a pivotal moment, with Apple TV becoming the first streaming service to win an Oscar for Best Picture. This achievement highlights the increasing dominance of streaming platforms in the entertainment world, as they continue to outpace traditional cinema in terms of investment and viewership 1. notes that the pandemic accelerated this shift, allowing streaming services to gain Oscar nominations without theatrical releases. Meanwhile, Discovery's unique position as a media company without dual-class shareholders makes it an attractive acquisition target, potentially reshaping the media landscape 2.

    The Oscars represented a seminal moment for the streaming giants, and that is Apple TV became the first streaming service to win best picture.

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    This shift underscores the growing influence and financial power of streaming services.

       

    Financial Turbulence

    The streaming sector is experiencing financial turbulence, with major players like Disney, Netflix, and Roku seeing significant stock declines. attributes this to overinvestment, likening it to the IPO market's recent struggles 3. He explains that the massive $140 billion investment in original content is unsustainable, as the return on investment is difficult to justify given the current market saturation 4.

    At some point, every sector needs to return to fundamentals, and it's been a little too much champagne and cocaine for the streaming services over the past few years.

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    This financial strain is forcing the industry to reassess its strategies and focus on profitability.

       

    Future Prospects

    As streaming services continue to grow, they are capturing more attention from traditional studios, with content budgets reaching unprecedented levels. predicts that streaming will soon surpass cable in viewership, despite rising subscription costs 5. Meanwhile, discusses Public.com's strategy to offer subscription products that provide deeper insights into company KPIs, catering to long-term investors 6.

    Streaming currently accounts for 29% of all viewing. That's more than broadcast TV at 26%.

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    This shift in focus highlights the evolving landscape of media consumption and investment.

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