The Biggest Over- and Underreactions of the First Half of 2024
Jul 1, 2024
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Bloomberg journalist Lucas Shaw joins Matt to discuss the most over- and undercovered stories of the first half of 2024, including the horror movie genre, new Disney, Fox, and Warner Bros. Discovery bundle Venu, the ScarJo OpenAI fight, Pat McAfee and Norby Williamson, UMG vs. TikTok, and more.
Media should focus on Jennifer Lopez's movie success rather than music setbacks.
Market health should not be judged solely on individual movie performances in the film industry.
Deep dives
Jennifer Lopez's Music Career Status
Despite some setbacks in her music career, Jennifer Lopez remains a prominent movie and streaming star, with successful projects like 'Atlas' and 'Marry Me'. The media's focus on her music tour cancellation and album performance may have overshadowed her continued success in other entertainment avenues.
Overreaction on Movie Business Significance
There is an overreaction in the media to consider the success or failure of individual movies as indicators of the overall health of the film industry. While the industry is evolving, it's vital to avoid overstating the impact of single movie performances on the market's long-term viability.
Warner Discovery's NBA Package
Speculation around a potential fourth NBA broadcast package for Warner Discovery and TNT was deemed misleading, as the company's strategic focus on other sports like the French Open reflects a realistic approach to its content acquisition strategy.
Undercoverage of Advertising Market Weakness & Oversaturation
The undercoverage of the advertising market's weaknesses and oversaturation reveals a crucial story for media companies reliant on ad revenue, particularly Warner Discovery and Paramount. With declining CPMs and increased ad saturation, addressing this issue is paramount for sustaining these companies' financial health.
Matt is joined by Bloomberg’s Lucas Shaw to look back on the first half of 2024 and highlight the stories they believe were most over- and undercovered, including the horror movie genre, new Disney, Fox, and Warner Bros. Discovery bundle Venu, the ScarJo OpenAI fight, Pat McAfee and Norby Williamson, UMG vs. TikTok, and more.
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