Morning Brew Daily Another Mega Streaming Merger? & The Big Business of Elf on a Shelf
Dec 22, 2023
The conversation dives into a potential mega merger between Warner Bros. Discovery and Paramount Global, revealing the intricacies of streaming in a Netflix-dominated market. It highlights the booming Christmas tree industry and the balance between natural and artificial demand. The hosts discuss the financial success of beloved traditions like Elf on the Shelf and explore the commercial history of poinsettias, underscoring their significance in holiday celebrations.
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Potential Streaming Merger
- Warner Bros. Discovery and Paramount are considering a merger to compete with Netflix and Disney.
- The combined entity would have a substantial debt load and face regulatory scrutiny.
The Re-Bundling of Streaming
- Streaming services initially unbundled cable but are now re-bundling due to competition.
- This re-bundling aims to offer more comprehensive packages while improving the user experience.
Affirm's Success
- Kyle Heggie's stock of the year is Affirm, a buy now, pay later company.
- Affirm's stock surged nearly 420% due to partnerships with major retailers like Walmart.