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Peter Biché, Monumental Sports & Entertainment CFO, discusses growth opportunities in media and e-sports, the importance of CFOs in business expansion, success in women's sports, Saudi Arabia's role in global sports, and the growth of betting industry.
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Quick takeaways
- Understanding macroeconomic factors is essential for a CFO to anticipate the impact on consumer behavior and demand for sports and entertainment events.
- Monumental Sports and Entertainment aims to achieve a $1 billion revenue target by expanding their platform organically and exploring growth opportunities in media, e-sports, sports gaming, and regional sports networks.
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Business Operations and Economic Impact
Peter B. Shea, the CFO of Monumental Sports and Entertainment, discusses the daily life of a CFO and how his role involves considering the impact of macroeconomic factors on their business. They analyze how economic conditions affect their consumers' disposable income and their media business, ultimately shaping the demand for their sports and entertainment events. Shea highlights the importance of understanding factors like jobs, inflation, and interest rates, as they indirectly influence their customers' spending habits.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode