Grant Thornton (US)’s Post

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Big change is ahead for #Media and #Entertainment. This report predicts four scenarios to help leaders prepare

The sports media industry is at a critical inflection point. Major players like Fox, Disney, and Warner Bros. Discovery are attempting to simplify fan experiences with a new streaming service. Some say “it’s genius.” Other’s say “it’s dead on arrival.” We’ll continue to see market disruptions and an urgent need for streamlined, cost-effective viewing solutions. Entrepreneurs can capitalize on the fragmentation of sports media by offering all-in-one platforms that reduce complexity and cost for consumers. As traditional models falter and consumer frustrations grow, there's a ripe opportunity for startups to disrupt the market with agile, integrated streaming services. There’s big opportunity in leveraging advanced tech to create intuitive and comprehensive sports media platforms. By aligning with consumer demand for simplicity and affordability, founders can position their ventures at the forefront of the sports media evolution. #SportsInnovation #SportsMedia #DigitalPlatforms #DigitalMedia https://lnkd.in/gRR4CDwR

In a chaotic time for the overall industry, there are pockets of good news happening locally. Hearing some of that positivity might brighten your perspective: • Central European Media Enterprises (CME) is planning to launch its own FAST channels, with a twist. FAST is typically on-demand, but CME wants to stream niche content live on the internet. • Mexican wrestler, Canelo Alvarez, signed a deal with TV Azteca to make his fights available for free in his home country. • RTL's Fremantle in London agreed to buy Asacha Media Group, one part of a plan to double its global video production business. • In Germany, RTL Deutschland and ProSiebenSat.1 partnered to run ad campaigns on each other’s platforms and localize their country’s market further. Maybe it’s the optimist in me, but it’s not all dark spots. The boat is slowly righting itself. If you heard some good news I missed, drop it below! Let’s get a feel-good thread going. #media #entertainment #latinamerica #emea

Following on from my previous post on market sizing, I wanted to dive deeper into one of the key revenue streams - media rights Live sport continues to be a significant value driver and a critical component of total broadcast consumption. Despite 2020’s fall, the global market has quickly recovered, growing to a value of $56 billion, as is forecast to grow at 3.9% CAGR However, the reality is more complex; the sports rights market is offering mixed prospects for rights holders. We are also seeing a further change in streaming services as they evolve and consolidate, driven by the need to acquire customers and generate a path to profitability. Sean Singleton, Richard Gillis, Anthony Leonard, Nacho Marí #NielsenSports #MediaRights #Broadcast #marketsize

I will say that as one whose adult kids have “both cut the cable” and for whom sports is the only reason I still have it (NFL ticket), this is a game changer. Networks have been struggling over the past few years to understand how we consume entertainment. As new streaming services experiment with bundling offers and one-off programs to test appetite (NFL playoff games on Peacock), legacy cable doubles down on special offers to bundle home electronic needs. With a move like this, streaming services may put the final nail in those cable box coffins just as cell phones created land line obsolescence. As boards consider strategic shifts are we thinking only incrementally? Do we believe existing infrastructure will prevail, or are we too committed to historical capital allocation patterns to see disruptive technologies that threaten our business model? Perhaps most importantly, do we have the right voices in the boardroom to challenge paradigms? Toby Eduardo Redshaw Richard Entrup Nora M. Denzel Joanna McDaniel Burkey Jonathan Johnson Cheemin Bo-Linn David DeWolf Allan Platt Scott Laliberte Scott Davis Sonita Lontoh Bala Ganesh Liane Pelletier Bill Lauritzen #leadership #technology #boardgovernance #ai #strategy #disruption #entertainment

Having a global reach mindset when it comes to media & entertainment is key.

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